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Nonprofiteer
← ROUND CANOPY PARACHUTING TEAM-USA FOUNDATION INC

Form 990 for tax year 2024

Filed by ROUND CANOPY PARACHUTING TEAM-USA FOUNDATION INC.

Totals

Total revenue
$640,082
Total expenses
$448,167
Contributions and grants received
$376,542
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$263,540
Total assets, end of year
$433,302
Total liabilities, end of year
$7,942
Net assets or fund balances, end of year
$425,360
Program services expenses (Part IX)
$178,462
Management and general expenses
$87,140
Fundraising expenses
$182,565
Program service expenses (Part III)
$99,862

Program services were 39.8% 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

    $52,745

  • 1c · Fundraising events

    $323,797

  • 8a · Fundraising events: gross income

    $263,540

  • 8c · Net income from fundraising events

    total $263,540

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $17,193 · program services $421 · management and general $7,571 · fundraising $9,201

  • 13 · Office expenses

    total $22,152 · management and general $15,903 · fundraising $6,249

  • 17 · Travel

    total $35,605 · program services $34,620 · management and general $985

  • 19 · Conferences, conventions and meetings

    total $9,313 · program services $9,313

  • 23 · Insurance

    total $13,332 · fundraising $13,332

  • 24a · Other expenses: Aircraft Rental

    total $74,004 · fundraising $74,004

  • 24b · Other expenses: Pack & Rigg

    total $55,701 · program services $55,701

  • 24c · Other expenses: Parachute Maintenace

    total $22,702 · management and general $21,953 · fundraising $749

  • 24d · Other expenses: Rent

    total $28,434 · management and general $28,434

  • 24e · All other expenses

    total $169,731 · program services $78,407 · management and general $12,294 · fundraising $79,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,580 · end of year $258,599

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

    $147,475

  • 10c · Land, buildings and equipment, net

    end of year $147,475

  • 15 · Other assets

    beginning of year $105,638 · end of year $27,228

  • 17 · Accounts payable and accrued expenses

    end of year $7,942

  • 29 · Capital stock, trust principal or current funds

    end of year $334,716

  • 31 · Retained earnings, endowment or other funds

    beginning of year $206,218 · end of year $90,644

Mission and programs · 2024

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 $99,862 · Revenue $216,639

As filed on the 2024 return.

Listed in Part VII

  • Rusty Newton

    Safety Training

    Total calculated
    $0
    Hours/week
    0

  • Carlos J Hurst

    Lead JM

    Total calculated
    $0
    Hours/week
    0

  • Juan Arango

    Lead DZSO

    Total calculated
    $0
    Hours/week
    0

  • Art Shaffer

    Lead Parachute Rigger

    Total calculated
    $0
    Hours/week
    0

  • John Hoffstetter

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • William Markham

    President

    Total calculated
    $0
    Hours/week
    0

  • Eric Lewis

    Vice President

    Total calculated
    $0
    Hours/week
    0

  • Richard Turner

    Operations Officer

    Total calculated
    $0
    Hours/week
    0

  • Rick Randall

    Secretary

    Total calculated
    $0
    Hours/week
    0

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
2024
Filed
19 June 2025
IRS schema version
2024v5.1
Source object
202521709349301232

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