Wright Flight INC EIN 86-0599697

Wright Flight INC FY2024 filing

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Inspires students to achieve academic and personal goals through aviation, emphasizing STEM and healthy choices. For fiscal year 2024 it reported $335K in revenue, $375K in expenses, and $930K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Tucson, AZ
Website
www.wrightflight.org
Filings
6 on file (2020–2024)
Revenue
$335KFY2024
Expenses
$375K
Net assets
$930K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  86-0599697 Public charity (501(c)(3)) Tucson, AZ
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Inspires students to achieve academic and personal goals through aviation, emphasizing STEM and healthy choices.
Leadership
Bruce R Stoddard · Executive Director · $54K
Money in and out
$335K revenue, $375K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$930K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program efficiency
95%
of spending reaches programs
Operating runway
16.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$335K
FY2024▼ -1%
Expenses
$375K
FY2024▲ +29%
Total assets
$930K
FY2024-0.1%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$335K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$930K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$930K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $340K of program spending, described in the organization's own filed words · FY2023.
01

Wright Flight motivational programs were given through the use of Wright Flight History of Aviation materials and lesson plans to over 1,000 students in the southern Arizona region from over 28 schools. We provide the program to private and public schools.

$340Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWright Flight INC
EINHdr · item D86-0599697
Principal addressHdr · item CTucson, AZ
WebsiteHdr · item Jwww.wrightflight.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B9XZ)
Ruling yearIRS BMFAug 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$54,000Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Bruce R Stoddard’s $54K as Executive Director is at the 46th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bruce R Stoddard$54,000$54,000
Bruce R Stoddard$54,000$54,000$54,000$54,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$255K · 76%
Program service revenue$51K · 15%
Other revenue$28K · 8%
Contributions & grants76%$255K
Program service revenue15%$51K
Other revenue8%$28K
Total revenueLn 12$335K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program services95%$355K
Management & general4%$15K
Fundraising1%$5K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$509K
Total assetsLn 16$930K
Total liabilitiesLn 26$0
Total net assetsLn 32$930K
Months of cash on handcomputed16.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $509K · Operating expenses/yr $375K
16.3 months
Where the money goes
Program services
Program services $355K · Total expenses $375K
95%
Management & General
Management & general $15K · Total expenses $375K
4%
Fundraising
Fundraising $5K · Total expenses $375K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $355K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $255K · Total revenue $335K
76%
Government reliance
Government grants — · Total revenue $335K
Earned-income share
Program service revenue $51K · Total revenue $335K
15%
Investment reliance
Investment income $0 · Total revenue $335K
0%
Program self-sufficiency
Program service revenue $51K · Total expenses $375K
14%
Growth & trend
Revenue growth (YoY)
This year $335K · Prior year $339K
-1%
Revenue CAGR
FY2019 $398K · FY2023 $335K
-4%
Net-asset trend (YoY)
End of year $930K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $335K · Expenses $375K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $930K
Net-asset ratio
Net assets $930K · Total assets $930K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $930K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bruce R Stoddard · Reported title Executive Director · Highest reported compensation $54K · Total expenses $375K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $105K · Total expenses $375K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 4%
Fundraising cost ratio 2%
Revenue growth -1%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$344K revenue · ⤓ 990 PDF
FY2024$335K revenue · viewing · ⤓ 990 PDF
FY2023$339K revenue · ⤓ 990 PDF
FY2022$601K revenue · ⤓ 990 PDF
FY2021$465K revenue · ⤓ 990 PDF
FY2020$398K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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