Veterans Airlift Command
- Assets
- $12.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-4567769
Organization Overview
Veterans Airlift Command is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Veterans Airlift Command employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Airlift Command 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 12/2023, Veterans Airlift Command generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES COST FREE TRANSPORTATION FOR WOUNDED VETERANS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Fricke Chariman & CFO | OfficerTrustee | 40 | $112,583 |
Tim Fyda Board Member | Trustee | 1 | $0 |
Peter Bunce Board Member | Trustee | 1 | $0 |
Jen Salvati Executive Director | Officer | 40 | $145,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,939,770 |
| Noncash contributions included in lines 1a–1f | $2,298,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,939,770 |
| Total Program Service Revenue | $0 |
| Investment income | $387,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$48,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,279,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $218,856 |
| Compensation of current officers, directors, key employees. | $38,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,444 |
| Pension plan accruals and contributions | $102,530 |
| Other employee benefits | $39,009 |
| Payroll taxes | $31,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,947 |
| Fees for services: Accounting | $19,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,337,306 |
| Advertising and promotion | $297,262 |
| Office expenses | $4,614 |
| Information technology | $7,015 |
| Royalties | $0 |
| Occupancy | $6,093 |
| Travel | $27,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,000 |
| Insurance | $12,996 |
| All other expenses | $0 |
| Total functional expenses | $3,296,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $525,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $718 |
| 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 | $9,712 |
| Net Land, buildings, and equipment | $14,094 |
| Investments—publicly traded securities | $12,158,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,709,216 |
| Accounts payable and accrued expenses | $113,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $113,225 |
| Net assets without donor restrictions | $12,595,991 |
| Net assets with donor restrictions | $0 |
| 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 | $12,709,216 |