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Nonprofiteer
← VETERANS AIRLIFT COMMAND

Form 990 for tax year 2023

Filed by VETERANS AIRLIFT COMMAND.

Totals

Total revenue
$4,279,465
Total expenses
$3,296,677
Contributions and grants received
$3,939,770
Grants paid
$0
Program service revenue
$0
Investment income
$339,695
Other revenue
$0
Total assets, end of year
$12,709,216
Total liabilities, end of year
$113,225
Net assets or fund balances, end of year
$12,595,991
Program services expenses (Part IX)
$3,117,566
Management and general expenses
$115,195
Fundraising expenses
$63,916
Program service expenses (Part III)
$3,117,566

Program services were 94.6% 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

    $3,939,770

  • 1g · Noncash contributions included above

    $2,298,943

  • 3 · Investment income

    total $387,745 · excluded $387,745

  • 7a · Gross sales of assets other than inventory

    securities $2,345,294

  • 7b · Less cost or other basis and sales expenses

    securities $2,393,344

  • 7c · Gain or loss

    securities -$48,050

  • 7d · Net gain or loss

    total -$48,050 · related or exempt -$48,050

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $218,856 · program services $142,634 · management and general $38,111 · fundraising $38,111

  • 7 · Other salaries and wages

    total $152,444 · program services $152,444

  • 8 · Pension plan contributions

    total $102,530 · program services $70,582 · management and general $15,974 · fundraising $15,974

  • 9 · Other employee benefits

    total $39,009 · program services $26,895 · management and general $6,057 · fundraising $6,057

  • 10 · Payroll taxes

    total $31,453 · program services $23,905 · management and general $3,774 · fundraising $3,774

  • 11b · Fees: legal

    total $10,947 · management and general $10,947

  • 11c · Fees: accounting

    total $19,859 · management and general $19,859

  • 11g · Fees: other

    total $2,337,306 · program services $2,337,306

  • 12 · Advertising and promotion

    total $297,262 · program services $297,262

  • 13 · Office expenses

    total $4,614 · management and general $4,614

  • 14 · Information technology

    total $7,015 · program services $7,015

  • 16 · Occupancy

    total $6,093 · program services $6,093

  • 17 · Travel

    total $27,060 · program services $27,060

  • 22 · Depreciation, depletion and amortization

    total $9,000 · program services $9,000

  • 23 · Insurance

    total $12,996 · management and general $12,996

  • 24a · Other expenses: COMMUNICATION COSTS

    total $10,034 · program services $10,034

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,717 · program services $4,717

  • 24c · Other expenses: OTHER

    total $3,750 · program services $887 · management and general $2,863

  • 24d · Other expenses: UTILITIES

    total $1,732 · program services $1,732

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $499,092 · end of year $525,787

  • 4 · Accounts receivable

    end of year $718

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,588 · end of year $9,712

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

    $127,977

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

    $113,883

  • 10c · Land, buildings and equipment, net

    beginning of year $23,094 · end of year $14,094

  • 11 · Investments: publicly traded securities

    beginning of year $10,253,842 · end of year $12,158,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,826 · end of year $113,225

  • 27 · Net assets without donor restrictions

    beginning of year $10,647,790 · end of year $12,595,991

Mission and programs · 2023

Mission

ORGANIZATION PROVIDES COST FREE TRANSPORTATION FOR WOUNDED VETERANS AND THEIR FAMILIES FROM THEIR HOMES TO THE VARIOUS MEDICAL FACILITIES AROUND THE COUNTRY, PRIMARILY USING AIRCRAFT.

Activities or mission (Part I)

PROVIDES COST FREE TRANSPORTATION FOR WOUNDED VETERANS AND THEIR FAMILIES.

  • THE ORGANIZATION PROVIDES FREE AIR TRANSPORTATION FOR MEDICAL AND OTHER COMPASSIONATE PURPOSES TO WOUNDED WARRIORS, VETERANS AND THEIR FAMILIES THROUGH A NATIONAL NETWORK OF VOLUNTEER AIRCRAFT OWNERS AND PILOTS. SUCH AIR TRANSPORTATION WILL BE PROVIDED TO THESE INDIVIDUALS WHEN OTHER PRACTICAL MEANS OF TRANSPORTATION ARE INADEQUATE OR UNAVAILABLE.DURING 2023, THE VOLUNTEERS OF VETERANS AIRLIFT COMMAND FLEW 994 PASSENGERS 559,909 MILES.AIRCRAFT OWNERS AND PILOTS CONTRIBUTE THEIR TIME AND AIRCRAFT TO ACCOMPLISH EACH MISSION. THE VALUE OF THIS DONATION, BASED ON NATIONALLY PUBLISHED HOURLY RATES BASED ON THE AIRCRAFT USED, WAS $2,298,943 IN 2023. THE RATES USED ARE FOR THE COST OF THE AIRCRAFT OPERATION AND NOT THE CREW.

    Expenses $3,117,566

As filed on the 2023 return.

Listed in Part VII

  • WALT FRICKE

    CHARIMAN & CFO

    Total calculated
    $140,729
    From this org
    $112,583
    From related orgs
    $0
    Other
    $28,146
    Hours/week
    40 + 1 related

  • TIM FYDA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER BUNCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEN SALVATI

    EXECUTIVE DIRECTOR

    Total calculated
    $181,362
    From this org
    $145,090
    From related orgs
    $0
    Other
    $36,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,856
    Bonus
    $0
    Other
    $16,234
    Deferred
    $36,272
    Nontaxable benefits
    $0
    Filer's total
    $181,362

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 April 2024
IRS schema version
2023v5.0
Source object
202441029349300414

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