Totals
- Total revenue
- $1,788
- Total expenses
- $152,570
- Contributions and grants received
- $1,788
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,873,286
- Total liabilities, end of year
- $1,714
- Net assets or fund balances, end of year
- $1,871,572
- Program services expenses (Part IX)
- $9,483
- Management and general expenses
- $143,087
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $152,570
Program services were 6.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,788
-
1g · Noncash contributions included above
$1,788
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $160 · management and general $160
-
11c · Fees: accounting
total $180 · management and general $180
-
13 · Office expenses
total $1,576 · management and general $1,576
-
14 · Information technology
total $320 · management and general $320
-
16 · Occupancy
total $17,303 · management and general $17,303
-
17 · Travel
total $39 · management and general $39
-
22 · Depreciation, depletion and amortization
total $115,136 · management and general $115,136
-
23 · Insurance
total $8,373 · management and general $8,373
-
24a · Other expenses: Aircraft Supplies
total $355 · program services $355
-
24b · Other expenses: Aircraft Landing / Parking Fees
total $153 · program services $153
-
24c · Other expenses: Aircraft Annual Maintenance
total $6,691 · program services $6,691
-
24d · Other expenses: Aircraft Fuel
total $2,284 · program services $2,284
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,456,510 · end of year $1,413,108
-
2 · Savings and temporary cash investments
beginning of year $0
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,116 · end of year $4,722
-
10a · Land, buildings and equipment: cost or other basis
$568,406
-
10b · Land, buildings and equipment: accumulated depreciation
$115,136
-
10c · Land, buildings and equipment, net
beginning of year $567,336 · end of year $453,270
-
11 · Investments: publicly traded securities
beginning of year $0
-
14 · Intangible assets
beginning of year $398 · end of year $2,186
-
17 · Accounts payable and accrued expenses
beginning of year $8,992 · end of year $1,714
-
29 · Capital stock, trust principal or current funds
beginning of year $2,045,849 · end of year $2,022,353
-
31 · Retained earnings, endowment or other funds
beginning of year -$23,481 · end of year -$150,782
Mission and programs · 2023
Mission
1) To assist people in need of aviation transportation services for those who have served our country and other first responders. 2) To reduce transportation time and improve efficiency with urgent organ transportation needs. 3) To promote compassion in the aviation industry and encourage pilots and other non-profits to follow our example. 4) To leverage technology and process optimization to reduce costs in the general aviation industry. 5) To develop a framework for non-profit scalability where other organizations across the country can leverage
Activities or mission (Part I)
1) Reprioritized program initiatives in consideration of emerging aviation technologies and services that have demonstrated short-term disruption in the aviation landscape (e.g., VTOL, air taxi, electrification, drone operations, etc.) 2) Ongoing program development as a Volunteer Pilot Organization per Sec. 821 H.R. 658 while gaining requisite experience and defining operational requirements for interstate transportation operations pursuant to 14 CFR 119 and 14 CFR 135. 3) Defined project charters for contribution and grant initiatives specific to youth development / STEM and low-income sponsorship programs.
-
1) Conducted a feasibility analysis of an open-sourced, standards-based framework for charitable aviation services. 2) Interviewed key stakeholders to gather requirements, pain points, and other areas of concern. 3) Developed high-level plan to obtain requisite certifications to support commercial operations per 14 CFR Part 135. 4) Identified proof of concept airports and hospitals for trials; gained valuable feedback during actual "private carriage" flights and post-mortem analysis of proposed end-to-end process.
Expenses $152,570 · Revenue $1,788
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James Koh
Director
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431369349317018
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