Red River Valley Association Inc
- Assets
- $1.5m
- Revenue
- $457.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Crestview, FL
- Founding
- 08/1969
- Data as of
- 12/2023
- EIN
- 23-7033827
Organization Overview
Red River Valley Association Inc, operating under the name Red River Valley Fighter Pilot, is located in Crestview, FL. The organization was established in 1969. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red River Valley Fighter Pilot 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, Red River Valley Fighter Pilot generated $457.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $486.7k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
THE RED RIVER VALLY ASSOCIATION, INC. GENERATES NATIONAL AWARENESS OF MILITARY SERVICE AND SACRIFICE AND PROVIDES COMFORT AND SUPPORT FOR THE FAMILY MEMBERS OF THOSE UNIFORMED SERIVCE AIRCREW PERSONNEL MIA/KIA/KOW WHO WERE ASSOCIATED WITH THE WAR IN SOUTHEAST ASIA TO THE PRESENT FOR BOTH COMBAT LOSSES AND OPERATIONAL ACCIDENTS. A PROUD FRATERNITY OF WARRIORS, THE ORGANIZATION IS DEDICATED TO OUR NATION AND TO COMRADES IN ARMS, PARTICULARY THE FAMILIES OF OUR MEMBERS WHO PAID THE ULTIMATE PRICE FOR FREEDOM. THEY ALSO REMAIN STEAD-FASTLY DEDICATED TO FUTURE GENERATIONS OF AMERICANS WHO MAY AGAIN BE CALLED TO SERVE THE NATION IN TIME OF WAR. THE ORGANIZATION PROVIDES SCHOLARSHIPS TO CHILDREN OR DEPENDENTS OF THOSE AVIATORS WHO PAY THE ULTIMATE SACRIFICE OF DEATH PROTECTING OUR NATION AND ITS VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTS REUNIONS AND PUBLISHES A MAGAZINE TO SHARE THE CAMARADERIE AND FELLOWSHIP OF OUR FELLOW AVIATORS. WE PROVIDE SCHOLARSHIP ASSISTANCE TO DEPENDENTS OF THE LOST MILITARY SERVICE AIRCREW PERSONNEL. THE AVIATOR MEDICAL ISSUES COMMITTEE FOCUSES ON HEALTH ISSUES THAT PLAGUE AVIATORS AND OTHER AIRCREW DISPROPORTIONATELY SUCH AS CANCER, HEAD/NECK ISSUES, AND SADLY MORE. WE SUPPORT THE CONSTITUTION OF THE UNITED STATES AND HONOR THE SERVICE AND SACRIFICE OF OUR FELLOW US MILITARY AIRCREW MEMBERS. WE CONTINUE TO ADVOCATE FOR AIR POWER IN EVER EXPANDING WAYS. THE RIVER RATS ARE MAINTAINING THE LEGACIES OF AMERICA'S GREATEST AIR WARRIORS, PASSING THOSE LEGACIES TO THE YOUNG WARRIORS WHO FOLLOW, AND TAKING CARE OF THE CHILDREN OF THOSE WARRIORS WHO GAVE ALL.SCHOLARSHIPS ARE AWARDED TO CHILDREN OF THE U.S. MILITARY AND COAST GUARD PERSONNEL DECLARED KIA/MIA/KOW FROM ARMED CONFLICTS IN SOUTHEAST ASIA THROUGH THE PRESENT. DEPENDENTS OF AIRCREW MEMBERS KILLED PERFORMING AIRCREW DUTIES IN PEACE TIME AIRCRAFT ACCIDENTS ARE ALSO ELIGIBLE, ALONG WITH PERSONS (OF ANY STATUS) STUDYING IN ENGINEERING FIELDS RELATED TO AVIATION SPACE. THE RED RIVER VALLEY ASSOCIATION, INC. AWARDED 67 SCHOLARSHIPS IN 2023 RANGING FROM $1,000 TO $10,000.
THE RIVER RATS MUSEUM IS A PERMANENT EXHIBIT "HOME OF THE RIVER RATS" WHICH WILL CELEBRATE AND PRESERVE THE LEGACY AND HISTORY OF THE RIVER RATS. THE EXHIBIT WILL INCLUDE MEMORIALS OF KEY INDIVIDUALS, HISTORICAL TIMELINE OF THE RIVER RATS, ARTIFACTS, ARTWORK, AVIATION MODEL EXHIBITS, AND ARCHIVED DOCUMENT STORAGE. THE RIVER RATS MUSEUM WILL BE LOCATED ON THE MEZZANINE LEVEL OF THE AVIATION HERITAGE PARK IN BOWLING GREEN, KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mat Garretson Executive Dir. | Trustee | 40 | $50,000 |
Laura Mahan Mig Sweep Edit | Trustee | 30 | $48,303 |
Ron Bartlett Treasurer | OfficerTrustee | 25 | $19,500 |
John Moore President | OfficerTrustee | 4 | $0 |
Craig Pope Vice President | OfficerTrustee | 22 | $0 |
Richard Powell Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,140 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,550 |
| Total Program Service Revenue | $24,330 |
| Investment income | $102,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $457,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $171,981 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,084 |
| Compensation of current officers, directors, key employees. | $18,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27 |
| Information technology | $8,131 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,791 |
| 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 | $0 |
| Insurance | $2,500 |
| All other expenses | $4,322 |
| Total functional expenses | $486,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,406,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,100 |
| Total assets | $1,497,978 |
| Accounts payable and accrued expenses | $2,656 |
| 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 | $2,656 |
| Net assets without donor restrictions | $1,495,322 |
| 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 | $1,497,978 |