Medallion Foundation Inc
- Assets
- $132.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 14
- Location
- Anchorage, AK
- Founding
- 02/2003
- EIN
- 03-0400265
Organization Overview
Medallion Foundation Inc is located in Anchorage, AK. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2019, Medallion Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medallion Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending undefined, Medallion Foundation Inc generated $40.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $276.6k during the year ending undefined. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HIGHER AVIATION SAFETY STANDARDS BY IDENTIFYING AND ADDRESSING AVIATION SAFETY ISSUES FOR COMMERICAL AVIATION OPERATORS. THE OVERALL OBJECTIVE IS TO CHANGE THE AVIATION SAFETY CULTURE BY PROVIDING SAFETY PROGRAMS, FTD/SIMULATOR TRAINING, OPERATIONAL CONTROL RISK ASSESSMENTS, MAINTENANCE AND GROUND SERVICE CONTROL RISK ASSESSMENTS, AND AN INTERNAL AUDIT PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVIATION SAFETY - DEVELOPED, IMPLEMENTED, AND PROVIDE AVIATION SAFETY PROGRAMS THROUGH FTD/SIMULATOR TRAINING, OPERATIONAL CONTROL RISK ASSESSMENTS,MAINTENANCE AND GROUND SERVICE CONTROL RISK ASSESSMENTS, AND AN INTERNAL AUDIT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Rock Executive Di | Officer | 40 | $156,467 |
Andrew Angstman Director | Trustee | 0.5 | $0 |
Matt Atkinson Director | Trustee | 0.5 | $0 |
Captain Sean Ellis Director | Trustee | 0.5 | $0 |
S Kirby Day III Vice Preside | OfficerTrustee | 0.5 | $0 |
Christine Klein Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,753 |
| Total Program Service Revenue | $4,167 |
| Membership dues | $0 |
| Investment income | $572 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $10,000 |
| Total Revenue | $40,492 |
| Statement of Expenses | |
|---|---|
| Total expenses | $276,578 |
| Balance Sheet | |
|---|---|
| Total assets | $132,300 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,300 |