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Nonprofiteer
← AIR CAPITAL CHARITIES INC

Form 990 for tax year 2022

Filed by AIR CAPITAL CHARITIES INC.

Totals

Total revenue
$375,260
Total expenses
$577,483
Contributions and grants received
$609,298
Grants paid
$169,012
Program service revenue
$0
Investment income
$0
Other revenue
-$234,038
Total assets, end of year
$118,237
Total liabilities, end of year
$502,164
Net assets or fund balances, end of year
-$383,927
Program services expenses (Part IX)
$169,012
Management and general expenses
$408,471
Fundraising expenses
$0
Program service expenses (Part III)
$169,012

Program services were 29.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $609,298

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $1,831,353

  • 8a · Fundraising events: contributions included on line 1c

    $609,298

  • 8b · Fundraising events: direct expenses

    $2,065,391

  • 8c · Net income from fundraising events

    total -$234,038 · excluded -$234,038

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $169,012 · program services $169,012

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $253,391 · management and general $253,391

  • 7 · Other salaries and wages

    total $68,115 · management and general $68,115

  • 10 · Payroll taxes

    total $22,687 · management and general $22,687

  • 11c · Fees: accounting

    total $7,455 · management and general $7,455

  • 11g · Fees: other

    total $26,600 · program services $0 · management and general $26,600 · fundraising $0

  • 13 · Office expenses

    total $9,826 · management and general $9,826

  • 16 · Occupancy

    total $16,000 · management and general $16,000

  • 22 · Depreciation, depletion and amortization

    total $1,788 · management and general $1,788

  • 23 · Insurance

    total $1,665 · management and general $1,665

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $944 · management and general $944

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $314,051 · end of year $85,694

  • 4 · Accounts receivable

    beginning of year $4,677 · end of year $19,092

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,045 · end of year $6,045

  • 10a · Land, buildings and equipment: cost or other basis

    $14,455

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,049

  • 10c · Land, buildings and equipment, net

    beginning of year $5,151 · end of year $7,406

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,270 · end of year $116,806

  • 19 · Deferred revenue

    beginning of year $3,000 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $385,358 · end of year $385,358

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$181,704 · end of year -$383,927

Mission and programs · 2022

Mission

FOSTER AND SUPPORT EDUCATIONAL AND OTHER CHARITABLE ENDEAVORS IN THE GREATER WICHITA METROPOLITAN AREA, INCLUDING, WITHOUT LIMITATION, IN SUPPORT OF AND IN COOPERATION WITH OTHER NOT-FOR-PROFIT ORGANIZATIONS.

Activities or mission (Part I)

FOSTER AND SUPPORT EDUCATIONAL AND OTHER CHARITABLE ENDEAVORS IN THE GREATER WICHITA METRO AREA, INCLUDING, SUPPORT OF AND COOPERATION WITH OTHER NOT-FOR-PROFIT ORGANIZATIONS.

  • AIR CAPITAL CHARITIES, INC. WAS ESTABLISHED TO FOSTER AND SUPPORT EDUCATIONAL AND OTHER CHARITABLE ENDEAVORS IN THE GREATER WICHITA METROPOLITAN AREA. THROUGH PARTNERSHIPS WITH, AND GRANTS TO AREA NOT FOR PROFIT ORGANIZATIONS, AIR CAPITAL CHARITIES PROVIDES FUNDING TO NUMEROUS AREA ORGANIZATIONS.

    Expenses $169,012 · Grants $169,012

As filed on the 2022 return.

Listed in Part VII

  • Dusty Buell

    PRESIDENT/DIRECTOR - BEGINNING 9/23

    Total calculated
    $54,620
    From this org
    $50,769
    From related orgs
    $0
    Other
    $3,851
    Hours/week
    40

  • Jack Pelton

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roy Turner

    PRESIDENT/DIRECTOR - ENDING 6/23

    Total calculated
    $124,751
    From this org
    $112,284
    From related orgs
    $0
    Other
    $12,467
    Hours/week
    40

  • Scott Hatchett

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Troy Jordan

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bill Pickert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Hoose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frank Lichtlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Fletcher

    TREASURER

    Total calculated
    $13,860
    From this org
    $13,860
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Deborah Burch

    SECRETARY - ENDING 6/23

    Total calculated
    $72,367
    From this org
    $66,550
    From related orgs
    $0
    Other
    $5,817
    Hours/week
    40

  • Kelli Elmore

    SECRETARY - BEGINNING 9/23

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349300729

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