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Iada Foundation FY2023 filing

Tax-deductible

Boise, ID501(c)(3)Public Safety & Disaster EIN 84-2057409Revenue $164K in FY2023

On file with the IRS2752 E Windsong Dr, 83712-8601 · Boise, IDTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To provide scholarships for students aspiring to a career in business aviation.

501(c)(3) charity; gifts are tax-deductible.
70¢ 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 $33K a year · 22% 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
37 mo
of spending, in cash
Looks good: 37.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $56
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$100K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
+10% vs prior year
Spent
$87K
To programs
70%
Net assets
$190K
By yearFY2020–FY2024
Revenue
$164K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$80K
FY2022$149K
FY2023$164K
FY2024$142K
Expenses
$87K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2022Not on file
FY2023$87K
FY2024$152K
Net assets
$190K
FY2023▲ +67%
Tap a bar for its year
Net assets by fiscal year
FY2020$33K
FY2022$113K
FY2023$190K
FY2024$180K

From the FY2023 Form 990 · see the original

990 PDF Claim
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 Jun 2019.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $61K Management & general 30% · $27K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jay Gantt
Secretary
$0Pt VII · Sec A
Frank Janik
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Wayne Starling
Executive Director
$0Pt VII · Sec A
See Iada 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

Awards scholarships to students pursuing business aviation careers.

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Provided by the organization

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1 program · $61K · in their own filed words · FY2023
01

To provide scholarships for students aspiring to a career in business aviation.

$61Kprogram 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 · FY2023
Amazonsmile FoundationFY2023$56
Total grants receivedfrom 1 funder$56
Grants paid · 4 grants · $188K · 2023–2024
Unitemized GrantFY2024$106,710
Sol ReliefFL · FY2024$10,412
Operation Airdrop INCTX · FY2024$10,299
Unitemized GrantFY2023$60,783

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$164K
Ln 12
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$76K
Money outPt IX
$87K
Ln 25
Programscol B$61K
Managementcol C$27K
Owns and owesPt X
$190K
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$290K
LiabilitiesLn 26$100K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fundraising eventsLn 1c$58K
Other incomeLn 4–11$76K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$269K
Cash and savings togetherLn 1–2$269K
Total assetsLn 16$290K
LiabilitiesLn 26$100K
Net assetsLn 32$190K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$186K$269K
Total assetsLn 16$204K$290K
LiabilitiesLn 26$91K$100K
Net assetsLn 32$113K$190K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$61K$61K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$10K$10K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$87K$61K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $142K$152K−$10K$180K 990 PDF
FY2023 Viewing $164K$87K$76K$190K 990 PDF
FY2022 $149K$113K 990 PDF
FY2021 Not on file
FY2020 $80K$33K 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 O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $163,860 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$88,338
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$75,522
I-12 Total revenuePrior year $0$163,860
I-13 Grants and similar amounts paidPrior year $0$60,783
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$26,579
I-18 Total expensesPrior year $0$87,362
I-19 Revenue less expensesPrior year $0$76,498
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $163,860 across 5 lines filed
VIII-1c Fundraising events$58,000
VIII-1f All other contributions, gifts and grants$30,338
VIII-1h Total contributions, gifts and grants$88,338
VIII-8 Net income from fundraising eventsExcluded from tax $75,522$75,522
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $75,522$163,860
Part IX · Statement of functional expenses $87,362 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $60,783$60,783
IX-11b Legal feesManagement $10,441$10,441
IX-11c Accounting feesManagement $9,985$9,985
IX-24 Other expenses (24a–d)Management $6,153$6,153
IX-25 Total functional expensesPrograms $60,783 · Management $26,579 · Fundraising $0$87,362
Part X · Balance sheet $290,118 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $185,883$269,381
X-4 Accounts receivableStart of year $9,312$20,737
X-9 Prepaid expenses and deferred chargesStart of year $8,815$0
X-16 Total assetsStart of year $204,010$290,118
X-17 Accounts payable and accrued expensesStart of year $15,937$0
X-25 Other liabilitiesStart of year $74,644$100,191
X-26 Total liabilitiesStart of year $90,581$100,191
X-32 Total net assets or fund balancesStart of year $113,429$189,927
X-33 Total liabilities and net assetsStart of year $204,010$290,118
Part XI · Reconciliation of net assets $189,927 net assets at year end
XI-1 Total revenue$163,860
XI-2 Total expenses$87,362
XI-3 Revenue less expenses$76,498
XI-4 Net assets at start of year$113,429
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$189,927

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

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