First Flight Rentals Foundation

Tax-deductible

Kill Devil Hl, NC501(c)(3)EducationEIN 92-1327111Revenue $7K in FY2025

On file with the IRSfirstflightrentalsfoundation.com102 W Airstrip Rd, 27948-8901 · Kill Devil Hl, NCTax-exempt since Jan 2023Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: 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
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $150 a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
990-PF Pt I · 4 filings
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7K
+69% vs prior year
Spent
$8K
Net assets
$599
By yearFY2022–FY2025
Revenue
$7K
FY2025▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$6K
FY2024$4K
FY2025$7K
Expenses
$8K
FY2025▲ +76%
Tap a bar for its year
Expenses by fiscal year
FY2022$0
FY2023$4K
FY2024$5K
FY2025$8K
Net assets
$599
FY2025▼ -66%
Tap a bar for its year
Net assets by fiscal year
FY2022$0
FY2023$2K
FY2024$2K
FY2025$599

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2023.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 79% · $6K Operating & administrative 21% · $2K

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

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See First Flight Rentals Foundation executive salaries →

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Programs and updates

A private foundation based in Kill Devil Hl, NC.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 5 grants · $6K · 2025–2025
Saylor Willis the University of NorFY2025$2,000
Wren Hodwin University of North CarFY2025$1,500
Samantha Vargas the University of NFY2025$1,500
Alexa Hallac the University of NortFY2025$1,000
Joshua Mouser University of North CFY2025$500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$1K
Median grantPart XV$2K
Largest grantPart XV$2K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$7K
Gifts and grants$7K
Money out
$8K
Grants paid$6K
Running costs$2K
Owns and owes
$599
net assets
Cash and savings$599
Total assets$599
Liabilities$0
People
2
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$7K
Total revenue$7K
Assets in detailEnd of year
Cash and savings together$599
Total assets$599
Liabilities$0
Net assets$599
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7K$8K−$1K$599 990 PDF
FY2024 $4K$5K−$487$2K 990 PDF
FY2023 $6K$4K$2K$2K 990 PDF
FY2022 $0$0$0$0 990 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

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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