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Red Tail Scholarship Foundation FY2020 filing

Tax-deductible

Tuskegee, AL501(c)(3)Education EIN 82-0797944Revenue $1.2M in FY2020

On file with the IRSredtailscholarshipfoundation.org1721 Gen Benjamin O Davis JR Drive, 36083-0000 · Tuskegee, ALTax-exempt since Mar 2018Publicly supported charity — 170(b)(1)(A)(vi)

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The Red Tail Scholarship Foundation is a non-profit organization committed to the career development of african american high school and college students in the aviation industry. We provide mentorship and resources to aspiring future aviation professionals.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $153K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$589K
To programs
92%
Net assets
$712K
By yearFY2020–FY2024
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$659K
FY2022$774K
FY2023$963K
FY2024$863K
Expenses
$589K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$589K
FY2021$519K
FY2022$742K
FY2023$976K
FY2024$876K
Net assets
$712K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$712K
FY2021$853K
FY2022$885K
FY2023$872K
FY2024$858K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $544K Management & general 7% · $39K Fundraising 1% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Kimberly Baker
Dir of Infor
$0Pt VII · Sec A
Sid Clarke
Board Member
$0Pt VII · Sec A
Hammond Cobb
Treasurer
$0Pt VII · Sec A
Richard Peace
Co-Chairman
$0Pt VII · Sec A
Will Sparrow
Co-Chairman
$0Pt VII · Sec A
See Red Tail Scholarship Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports African American students pursuing aviation careers through mentorship and resources.

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Provided by the organization

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1 program · $544K · in their own filed words · FY2020
01

The red tail scholarship fund seeks to provide opportunities for african american students in all areas of aviation industry through funding resources and mentorship.

$544Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
National Recreation Foundation IncorporatedFY2024$30K
Jpmorgan Chase FoundationFY2024$80
Total grants receivedfrom 2 funders$30K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$19K
Investment incomeLn 3$151
Money outPt IX
$589K
Ln 25
Programscol B$544K
Managementcol C$39K
Fundraisingcol D$6K
Owns and owesPt X
$712K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$712K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$1.1M
Fees for servicesLn 2g$19K
Investment incomeLn 3$151
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Land, buildings, equipmentLn 10c$678K
Total assetsLn 16$712K
LiabilitiesLn 26$0
Net assetsLn 32$712K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$94K$34K
Land, buildings, equipmentLn 10c$678K
Total assetsLn 16$94K$712K
LiabilitiesLn 26$0$0
Net assetsLn 32$94K$712K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$281K$281K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$36K$13K$17K$6K
OccupancyLn 16$5K$5K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$566$566
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$192K$192K
All other expensesLn 24e$16K$13K$4K
Total functional expensesLn 25$589K$544K$39K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $863K$876K−$14K$858K 990 PDF
FY2023 $963K$976K−$13K$872K 990 PDF
FY2022 $774K$742K$32K$885K 990 PDF
FY2021 $659K$519K$141K$853K 990 PDF
FY2020 Viewing $1.2M$589K$618K$712K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,206,734 revenue, 12 lines filed
I-8 Contributions and grants$1,187,737
I-9 Program service revenue$18,846
I-10 Investment income$151
I-11 Other revenue$0
I-12 Total revenue$1,206,734
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$588,844
I-18 Total expenses$588,844
I-19 Revenue less expenses$617,890
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,206,734 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,187,737
VIII-1g Noncash contributions (included above)$1,052,147
VIII-1h Total contributions, gifts and grants$1,187,737
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $18,846$18,846
VIII-3 Investment incomeRelated to mission $151$151
VIII-12 Total revenueRelated to mission $151 · Excluded from tax $18,846$1,206,734
Part IX · Statement of functional expenses $588,844 across 12 lines filed
IX-11b Legal feesManagement $3,235$3,235
IX-11c Accounting feesManagement $13,800$13,800
IX-11g Other fees for servicesPrograms $280,624$280,624
IX-12 Advertising and promotionPrograms $10,642$10,642
IX-13 Office expensesPrograms $12,872 · Management $16,633 · Fundraising $6,247$35,752
IX-16 OccupancyPrograms $4,589$4,589
IX-17 TravelManagement $1,158$1,158
IX-19 Conferences, conventions and meetingsManagement $566$566
IX-22 Depreciation, depletion and amortizationPrograms $28,775$28,775
IX-23 InsurancePrograms $1,929$1,929
IX-24 Other expenses (24a–d)Programs $191,709$191,709
IX-24e All other expensesPrograms $12,541 · Management $3,524$16,065
IX-25 Total functional expensesPrograms $543,681 · Management $38,916 · Fundraising $6,247$588,844
Part X · Balance sheet $712,017 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $94,127$34,178
X-10c Land, buildings and equipment, net$677,839
X-16 Total assetsStart of year $94,127$712,017
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $94,127$712,017
X-32 Total net assets or fund balancesStart of year $94,127$712,017
X-33 Total liabilities and net assetsStart of year $94,127$712,017
Part XI · Reconciliation of net assets $712,017 net assets at year end
XI-1 Total revenue$1,206,734
XI-2 Total expenses$588,844
XI-3 Revenue less expenses$617,890
XI-4 Net assets at start of year$94,127
XI-10 Net assets at end of year$712,017

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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