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← FAMILIES OF TWA FLIGHT 800 ASSOCIATION INC

Form 990 for tax year 2022

Filed by FAMILIES OF TWA FLIGHT 800 ASSOCIATION INC.

Totals

Total revenue
$105,904
Total expenses
$36,450
Contributions and grants received
$105,510
Grants paid
$0
Program service revenue
$0
Investment income
$394
Other revenue
$0
Total assets, end of year
$545,761
Total liabilities, end of year
$12,792
Net assets or fund balances, end of year
$532,969
Program services expenses (Part IX)
$28,628
Management and general expenses
$7,822
Fundraising expenses
$0
Program service expenses (Part III)
$28,628

Program services were 78.5% 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.

  • 1d · Related organizations

    $54,925

  • 1f · All other contributions, gifts and grants

    $50,585

  • 3 · Investment income

    total $394 · excluded $394

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $4,180 · management and general $4,180

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $200 · management and general $200

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,896 · management and general $2,896

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $28,867 · program services $28,628 · management and general $239 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $307 · program services $0 · management and general $307 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,142 · end of year $78,997

  • 2 · Savings and temporary cash investments

    beginning of year $428,719 · end of year $466,664

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $100

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,000 · end of year $3,100

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,346 · end of year $9,692

  • 27 · Net assets without donor restrictions

    beginning of year $461,475 · end of year $530,929

  • 28 · Net assets with donor restrictions

    beginning of year $2,040 · end of year $2,040

Mission and programs · 2022

Mission

THE ASSOCIATION'S MISSION IS TO FOSTER COMMUNICATION FOR FAMILIES AND FRIENDS OF TWA FLIGHT 800 VICTIMS, TO SUPPORT AND FOSTER THE MENTAL AND GENERAL HEALTH, EDUCATION, AND WELFARE NEEDS OF THE FAMILIES, AND TO PROMOTE PUBLIC EDUCATION REGARDING AIR SAFETY AND AIR DISASTER RELATED ISSUES.

Activities or mission (Part I)

TO FOSTER COMMUNICATION FOR FAMILIES AND FRIENDS OF TWA FLIGHT 800 VICTIMS, TO SUPPORT AND FOSTER the NEEDS of THE FAMILIES, and to PROMOTE PUBLIC EDUCATION.

  • TO SUPPORT FAMILIES AND FRIENDS OF TWA FLIGHT 800 VICTIMS, TO FOSTER THE MENTAL AND GENERAL HEALTH, EDUCATION AND WELFARE NEEDS OF THE FAMILIES AND FRIENDS AND TO EDUCATE THE GENERAL PUBLIC ABOUT AVIATION DISASTERS. The organization also maintains the Flight 800 Memorial at Smith Point Park in Shirley, NY.

    Expenses $28,628

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Walter Stockton

    SECRETARY & CEO

    Total calculated
    $719,170
    From this org
    $0
    From related orgs
    $670,096
    Other
    $49,074
    Hours/week
    0.01 + 39.99 related

    Schedule J breakdown matched by us

    Base
    $0 + $582,243 related
    Bonus
    $0 + $21,625 related
    Other
    $0 + $66,228 related
    Deferred
    $0 + $27,011 related
    Nontaxable benefits
    $0 + $22,063 related
    Filer's total
    $0 + $719,170 related

  • Marybeth Lichtneger

    CFO/coo

    Total calculated
    $537,224
    From this org
    $0
    From related orgs
    $481,867
    Other
    $55,357
    Hours/week
    0.01 + 39.99 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,245 related
    Bonus
    $0 + $16,023 related
    Other
    $0 + $57,599 related
    Deferred
    $0 + $27,086 related
    Nontaxable benefits
    $0 + $28,271 related
    Filer's total
    $0 + $537,224 related

  • Frank Lombardi

    FORMER COO

    Total calculated
    $433,259
    From this org
    $0
    From related orgs
    $358,695
    Other
    $74,564
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,523 related
    Bonus
    $0 + $13,426 related
    Other
    $0 + $64,746 related
    Deferred
    $0 + $27,106 related
    Nontaxable benefits
    $0 + $47,458 related
    Filer's total
    $0 + $433,259 related

  • Jim McCann

    Chairman

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Dr Joseph Morris

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 4 related

  • Honorable Paul Pontieri

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 4 related

  • Thomas Cullen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • John Fallon

    TRUSTEE AS OF 10/6/22

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Nella Hahn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Thomas Hickey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • John Tortortella

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 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. 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
Families of TWA Flight 800 Association, Inc. DOES NOT COMPENSATE THE ORGANIZATION'S CEO, WALTER STOCKTON. IGHL, AN AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE CEO. IGHL HAS ESTABLISHED HIS COMPENSATION USING: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 TAX RETURNS OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS OR STUDY, AND APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE. IGHL HAS WRITTEN EMPLOYMENT AGREEMENTS IN PLACE FOR HIM, WHICH OUTLINES COMPENSATION INCLUDING ALL FORMS OF WAGES AND FRINGE BENEFITS. IGHL USES AN OUTSIDE INDEPENDENT ACCOUNTING CONSULTANT FIRM WITH EXPERTISE IN THE NOT-FOR PROFIT INDUSTRY TO PERFORM COMPENSATION ANALYSES OF THE EXECUTIVE POSITIONS. THE COMPENSATION ANALYSIS INCLUDES COMPENSATION SURVEYS OF COMPARABLE POSITIONS BASED UPON THE COMPENSATION AND FRINGE BENEFITS REPORTED ON THE 990 TAX RETURNS FOR COMPARABLE AGENCIES IN THE INDUSTRY. THE RESULTS OF THE COMPENSATION ANALYSIS ARE PRESENTED TO THE BOARD OF DIRECTORS, WHO REVIEW THE ANALYSIS TO DETERMINE APPROPRIATE COMPENSATION LEVELS AND ENSURE COMPLIANCE WITH THE DUE DILIGENCE GUIDELINES AS OUTLINED IN IRC 4958. THE BASIS FOR ITS DETERMINATION AND ALL DECISIONS MADE ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. THE ORGANIZATION REGULARLY COMMISSIONS AN INDEPENDENT COMPENSATION STUDY; THE LAST SURVEY WAS COMPLETED IN 2022.

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333189349312523

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