Air Charter Safety Foundation
- Assets
- $800.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 26-0338652
Organization Overview
Air Charter Safety Foundation is located in Washington, DC. The organization was established in 2010. 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 12/2023, Air Charter Safety Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Charter Safety Foundation 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, Air Charter Safety Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 9.2% 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
AIR CHARTER SAFETY FOUNDATION ("ACSF") IS ORGANIZED FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO ENHANCE SAFETY AND SECURITY OF AIR CHARTER IN THE NATIONAL AND INTERNATIONAL AIR TRANSPORTATION SYSTEM THROUGH EDUCATION, RESEARCH, AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUDIT - TO BUTTRESS PUBLIC SAFETY IN THE AIR CHARTER INDUSTRY, ACSF HAS DEVELOPED SAFETY AUDIT STANDARDS FOR THE AIR CHARTER INDUSTRY. ACSF OFFERS TRAINING ON THE ACSF INDUSTRY AUDIT STANDARDS TO INDEPENDENT AUDITORS, SO THAT THE STANDARDS MAY BE EFFECTIVELY UTILIZED TO ENSURE ENHANCED SAFETY LEVELS.
SYMPOSIUM - ACSF HOSTS AN ANNUAL AIR CHARTER SAFETY SYMPOSIUM. THIS SYMPOSIUM FOCUSES ON ACADEMIC AND SCIENTIFIC RESEARCH PERTAINING TO AVIATION SAFETY.
PROMOTION, OUTREACH AND EDUCATION - THE ACSF LEADS AND SUPPORTSTHE ADVANCEMENT OF THE HIGHEST SAFETY STANDARDS AVAILABLE TO ALLOWTHE BUSINESS, CHARTER AND FRACTIONAL OWNERSHIP INDUSTRY TO OFFERTHE SAFEST AIR TRANSPORTATION PRODUCTS IN THE WORLD AND TO PROVIDEOBJECTIVE INFORMATION ABOUT THESE STANDARDS AND SERVICES TO THEPUBLIC. MEMBERSHIP PRIMARILY INCLUDES PART 135 CERTIFICATEHOLDERS, WITH THE BALANCE TO INCLUDE OEMS, BROKERS, INSURERS,CUSTOMERS, AIRPORTS, AND SAFETY PROFESSIONALS. REGULAR MEMBERS AREAIRCRAFT OPERATORS, MANAGEMENT COMPANIES AND BROKERS, WHILEASSOCIATE MEMBERS ARE SUPPLIERS, VENDORS AND CONSULTANTS TOAIRCRAFT OPERATORS. AFFILIATE MEMBERS ARE OTHER NON-PROFITINSTITUTIONS AND GOVERNMENT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Weeber Chairman | OfficerTrustee | 3 | $0 |
Joe Salata Board Of Governors | OfficerTrustee | 3 | $0 |
Richard Gomez Secretary | OfficerTrustee | 2 | $0 |
Jonathan Prohaska Board Of Governors | Trustee | 2 | $0 |
Jeff Baum Executive Committee | Trustee | 3 | $0 |
Ron Brower Board Of Governors | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $573,799 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,799 |
| Total Program Service Revenue | $452,466 |
| Investment income | $14,236 |
| 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 | $1,041,559 |
| 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. | $491,371 |
| Compensation of current officers, directors, key employees. | $196,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,823 |
| Pension plan accruals and contributions | $6,133 |
| Other employee benefits | $19,266 |
| Payroll taxes | $48,255 |
| Fees for services: Management | $59,268 |
| Fees for services: Legal | $7,200 |
| Fees for services: Accounting | $4,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,252 |
| Fees for services: Other | $43,431 |
| Advertising and promotion | $66,732 |
| Office expenses | $13,508 |
| Information technology | $10,264 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $457 |
| Insurance | $20,527 |
| All other expenses | $0 |
| Total functional expenses | $1,181,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,540 |
| Savings and temporary cash investments | $150,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,128 |
| 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 | $24,856 |
| Net Land, buildings, and equipment | $1,372 |
| Investments—publicly traded securities | $487,469 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $800,920 |
| Accounts payable and accrued expenses | $26,844 |
| Grants payable | $0 |
| Deferred revenue | $22,700 |
| 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 | $900 |
| Total liabilities | $50,444 |
| Net assets without donor restrictions | $750,476 |
| 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 | $800,920 |