Flight Safety Foundation Inc is located in Alexandria, VA. The organization was established in 1949. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2022, Flight Safety Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flight Safety 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 12/2022, Flight Safety Foundation Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BE THE LEADING INDEPENDENT AND IMPARTIAL VOICE OF SAFETY FOR THE GLOBAL AEROSPACE/AVIATION COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS: FLIGHT SAFETY FOUNDATION HOSTED FOUR EVENTS IN 2022: BASS IN SAVANNAH, GEORGIA, SAFETY FORUM, IN BRUSSELS, BELGIUM, THE NETWORKING DINNER IN WASHINGTON DC, AND IASS IN ATLANTA, GEORGIA. FSF'S EVENTS ARE GATHERINGS OF AVIATION PROFESSIONALS, DESIGNED FOR PEOPLE WITH RESPONSIBILITY FOR SAFETY IN DESIGN, MANUFACTURING, DEVELOPMENT, TRAINING, MAINTENANCE, AND OPERATIONS. LEADING AVIATION SPECIALISTS EXCHANGE INFORMATION AND OFFER DIRECTIONS FOR FURTHER RISK REDUCTION.
MEMBERSHIP SERVICES: FLIGHT SAFETY FOUNDATION IS THE LEADING VOICE OF SAFETY FOR THE GLOBAL AVIATION COMMUNITY. WE ACCOMPLISH THIS BY DEVELOPING GLOBAL SOLUTIONS TO KEY AVIATION SAFETY CHALLENGES, BEING THE CONSTANT AND FORCEFUL "JUST CULTURE" ADVOCATE FOR ALL GLOBAL AVIATION COMMUNITY MEMBERS AND PROVIDING OPPORTUNITIES FOR THE MEMBERS OF THE GLOBAL COMMUNITY TO COME TOGETHER, INTERACT AND LEARN FROM EACH OTHER. THESE EFFORTS ARE CARRIED OUT THROUGH SEVERAL SIGNATURE PROGRAMS INCLUDING OUR BASIC AVIATION RISK STANDARD (BARS) PROGRAM, OUR PREMIER MEMBERS-ONLY DIGITAL MAGAZINE, AEROSAFETY WORLD, AND OUR AVIATION SAFETY EVENTS WHICH ARE HELD WORLDWIDE.
TECHNICAL, RESEARCH, LIBRARY, AND OTHER: FSF'S TECHNICAL DEPARTMENT ENGAGES WITH INTERNATIONAL ORGANIZATIONS AND WORK GROUPS AND FOCUSES ITS EFFORTS ON SAFETY-RELATED RESEARCH VIA FUNDED PROGRAMS. THIS ALSO INCLUDES THE AUSTRALIA SUBSIDIARY WHICH PROVIDES AVIATION SAFETY TRAINING. SOME OF THE FUNDED PROGRAMS ARE DETAILED IN THE NEXT FEW BULLET POINTS:- SKYBRARY: SKYBRARY: FSF PROVIDES CONTENT REVIEW AND EDITORIAL SUPPORT THAT ENHANCES THE CONTENT AND ACCURACY OF SAFETY INFORMATION.- REGIONAL SAFETY STUDY: THE FOCUS IS ON SAFETY ASSESSMENTS IN 4 REGIONS: LATIN AMERICA, AFRICA, MIDDLE EAST, AND ASIA.- ADVANCED AVIATION SAFETY MANAGEMENT SYSTEM: THIS WORK FOCUSES ON IDENTIFYING THE RESEARCH NEEDED TO IMPLEMENT STATE-OF-THE-ART TECHNIQUES, CAPABILITIES, AND POLICIES FOR ENHANCING AVIATION SAFETY WORLD-WIDE AND FOR ENABLING INNOVATION IN AVIATION TECHNOLOGIES AND OPERATIONS. - DUAL REGISTRATION STUDY: FSF STUDIED THE IMPACT OF INTERNATIONAL AVIATION SANCTIONS ON THE ABILITY TO SUSTAIN AND VERIFY THE SAFETY OF WESTERN-BUILT AIRCRAFT OPERATED BY AIR OPERATORS FROM COUNTRIES AFFECTED BY SANCTIONS. A SERIES OF REPORTS WERE PRODUCED THAT ADDRESSED REGULATORY NONCOMPLIANCE MATTERS AND PROVIDED EXPERT ASSESSMENT OF SAFETY CONCERNS.- SAFETY 2: FSF DEVELOPED A NEW FRAMEWORK TO LEVERAGE OPERATIONAL INFORMATION TO ENHANCE SAFETY THROUGH APPLYING BEST PRACTICES FROM POSITIVE OUTCOMES IN NORMAL OPERATIONS.- ASIA PACIFIC SAFETY DATA SHARING DEMONSTRATION PROJECT: FSF, IN COLLABORATION WITH MITRE AND SEVERAL PARTICIPATING CIVIL AVIATION AUTHORITIES IN ASIA PACIFIC IDENTIFIED SAFETY HAZARDS AND RISKS IN AIR SAFETY AND PROVIDED LISTS OF POTENTIAL MITIGATION APPROACHES.
COMMUNICATIONS: THE FSF COMMUNICATIONS DEPARTMENT DISSEMINATES INFORMATION ABOUT AVIATION SAFETY, INCLUDING THE SAFETY INITIATIVES DEVELOPED BY THE FOUNDATION AT ITS MAIN OFFICE IN ALEXANDRIA, VIRGINIA, AND A REGIONAL OFFICE IN MELBOURNE, AUSTRALIA. THE DEPARTMENT PRODUCES AEROSAFETY WORLD, THE FOUNDATION'S ONLINE MAGAZINE, AND IS RESPONSIBLE FOR OTHER ELEMENTS OF THE FOUNDATION'S WEBSITE, SPECIAL REPORTS, NEWS RELEASES, AND SOCIAL MEDIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hassan Shahidi President/ceo | OfficerTrustee | 40 | $337,554 |
Bobbi Wells Chairman | OfficerTrustee | 2 | $0 |
Conor Nolan Past Chairman | OfficerTrustee | 2 | $0 |
John Hamilton Past Chairman (to Nov '22) | OfficerTrustee | 2 | $0 |
Kenneth P Quinn ESQ Gen Counsel/secretary | OfficerTrustee | 1 | $0 |
John Watret Treasurer | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Omni Atlanta At Cnn Center Hotel Hotel/event Services | 12/30/22 | $262,017 |
Henry Gourdji Consulting Services | 12/30/22 | $153,388 |
Westin Savannah Harbor Hotel/event Services | 12/30/22 | $103,722 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $298,628 |
All other contributions, gifts, grants, and similar amounts not included above | $32,428 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $331,056 |
Total Program Service Revenue | $3,362,525 |
Investment income | $29,887 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $5,965 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,730,138 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,220 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $368,151 |
Compensation of current officers, directors, key employees. | $102,563 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,328,874 |
Pension plan accruals and contributions | $71,305 |
Other employee benefits | $167,058 |
Payroll taxes | $104,975 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,940 |
Fees for services: Accounting | $52,221 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $365,487 |
Advertising and promotion | $6,738 |
Office expenses | $60,557 |
Information technology | $71,971 |
Royalties | $0 |
Occupancy | $46,024 |
Travel | $50,635 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $511,624 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,310 |
Insurance | $32,511 |
All other expenses | $5,512 |
Total functional expenses | $3,340,101 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $384,164 |
Savings and temporary cash investments | $142,850 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $183,372 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $43,263 |
Net Land, buildings, and equipment | $11,845 |
Investments—publicly traded securities | $2,081,237 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $103,801 |
Total assets | $2,950,532 |
Accounts payable and accrued expenses | $379,307 |
Grants payable | $0 |
Deferred revenue | $748,815 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,128,122 |
Net assets without donor restrictions | $1,772,892 |
Net assets with donor restrictions | $49,518 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,950,532 |