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Nonprofiteer
← ROUND CANOPY PARACHUTING TEAM-USA FOUNDATION INC

Form 990 for tax year 2023

Filed by ROUND CANOPY PARACHUTING TEAM-USA FOUNDATION INC.

Totals

Total revenue
$441,828
Total expenses
$353,685
Contributions and grants received
$404,213
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$37,615
Total assets, end of year
$206,218
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$206,218
Program services expenses (Part IX)
$81,800
Management and general expenses
$74,632
Fundraising expenses
$197,253
Program service expenses (Part III)
$139,710

Program services were 23.1% 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.

  • 1b · Membership dues

    $41,060

  • 1c · Fundraising events

    $131,509

  • 1f · All other contributions, gifts and grants

    $231,644

  • 8a · Fundraising events: gross income

    $37,615

  • 8c · Net income from fundraising events

    total $37,615 · unrelated business $2,500

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $4,966 · management and general $1,834 · fundraising $3,132

  • 17 · Travel

    total $26,486 · program services $17,570 · management and general $8,916

  • 23 · Insurance

    total $8,598 · management and general $8,598

  • 24a · Other expenses: Equipment Rental

    total $67,112 · fundraising $67,112

  • 24b · Other expenses: Fundraising

    total $24,668 · fundraising $24,668

  • 24c · Other expenses: Merchant Service Fees

    total $30,794 · fundraising $30,794

  • 24d · Other expenses: Supplies & Purchases

    total $82,363 · program services $64,230 · fundraising $18,133

  • 24e · All other expenses

    total $108,698 · management and general $55,284 · fundraising $53,414

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,574 · end of year $100,580

  • 15 · Other assets

    beginning of year $127,033 · end of year $105,638

  • 31 · Retained earnings, endowment or other funds

    beginning of year $242,607 · end of year $206,218

Mission and programs · 2023

Mission

Honor Paratroopers WWII and Onward, Educate the Public

Activities or mission (Part I)

Honor Paratroopers WWII Onward Educate Public

  • Train Members to Conduct Demonstrations and Commemorative Parachuting

    Expenses $136,379 · Revenue $186,285

  • Participate in Jump and Educational Events aimed at Demonstrating Procedures and Equipment of Static Line Paratroopers from WWII Onward.

    Expenses $3,331 · Revenue $12,667

As filed on the 2023 return.

Listed in Part VII

  • John Hoffstetter

    Principal Officer

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • William Markham

    President

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Eric Lewis

    Vice President

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Val Markham

    Merchandise

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Dave Munoz

    Lead Safety Officer

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Carlos Hunt

    Lead Jump Master

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • Dave Sirak

    Public Affairs

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Rick Lamb

    Military Liason

    Total calculated
    $0
    Hours/week
    5 + 5 related

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
26 August 2024
IRS schema version
2023v5.1
Source object
202412399349301256

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