Living Eagle Organization FY2023 filing

Tax-deductible

Fenton, MI501(c)(3)EducationEIN 82-4973959

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Provide financial, educational and technical assistance to prospective and current pilots and charitable orgs who promote the advanced training of pilots. Includes making provisions for the training and education of pilots and to receive and administer funds for these purposes.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
1 of 2
filings with a surplus
Average surplus $94K a year · 35% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$67K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$507K
+407% vs prior year
Spent
$237K
To programs
80%
Net assets
$319K
By yearFY2022–FY2024
Revenue
$507K
FY2023▲ +407%
Revenue by fiscal year
FY2022$100K
FY2023$507K
FY2024$27K
Expenses
$237K
FY2023
Expenses by fiscal year
FY2022Not on file
FY2023$237K
FY2024$110K
Net assets
$319K
FY2023▲ +549%
Net assets by fiscal year
FY2022$49K
FY2023$319K
FY2024$236K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Apr 2019.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $189K Management & general 20% · $48K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Living Eagle Organization 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Supports pilots and charities with funds, education, and training to advance aviation skills.

Provided by the organization

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1 program · $189K · in their own filed words · FY2023
01

Scholarships for training and education of pilots

$189Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$16K
Grants paid · 2 grants · $257K · 2023–2024
Unitemized GrantFY2024$67,798
Unitemized GrantFY2023$189,044

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$507K
Ln 12
Gifts and grantsLn 1h$507K
Money outPt IX
$237K
Ln 25
Programscol B$189K
Managementcol C$48K
Owns and owesPt X
$319K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$386K
LiabilitiesLn 26$67K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$507K
Government grantsLn 1e$0
Noncash giftsLn 1g$295K
Fundraising eventsLn 1c$0
Total revenueLn 12$507K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$0
Cash and savings togetherLn 1–2$91K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$386K
LiabilitiesLn 26$67K
Net assetsLn 32$319K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$98K$91K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$98K$386K
LiabilitiesLn 26$49K$67K
Net assetsLn 32$49K$319K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$189K$189K
Grants and assistance to foreign recipientsLn 3$0$0
Pay of current officers, directors and key staffLn 5$22K$0$22K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$1K$0$1K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$11K$0$11K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$10K$0$10K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$541$0$541$0
Total functional expensesLn 25$237K$189K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $27K$110K−$83K$236K 990 PDF
FY2023 Viewing $507K$237K$270K$319K 990 PDF
FY2022 $100K$49K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $506,684 across 13 lines filed
VIII-1a Federated campaigns$31
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$506,653
VIII-1g Noncash contributions (included above)$295,000
VIII-1h Total contributions, gifts and grants$506,684
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$506,684
Part IX · Statement of functional expenses $236,930 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $189,044$189,044
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $22,367 · Fundraising $0$22,367
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $2,430 · Fundraising $0$2,430
IX-14 Information technologyPrograms $0 · Management $1,168 · Fundraising $0$1,168
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $11,301 · Fundraising $0$11,301
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $10,079 · Fundraising $0$10,079
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $541 · Fundraising $0$541
IX-25 Total functional expensesPrograms $189,044 · Management $47,886 · Fundraising $0$236,930
Part X · Balance sheet $386,084 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $97,969$91,084
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$295,000
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $97,969$386,084
X-17 Accounts payable and accrued expensesStart of year $9,334$27,695
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $16,500$16,500
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $48,834$67,195
X-32 Total net assets or fund balancesStart of year $49,135$318,889
X-33 Total liabilities and net assetsStart of year $97,969$386,084
Part XI · Reconciliation of net assets $318,889 net assets at year end
XI-1 Total revenue$506,684
XI-2 Total expenses$236,930
XI-3 Revenue less expenses$269,754
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$318,889

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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