Air Capital Charities Inc
- Assets
- $118.2k
- Revenue
- $375.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Wichita, KS
- Founding
- 06/2014
- Data as of
- 09/2023
- EIN
- 46-2001743
Organization Overview
Air Capital Charities Inc is located in Wichita, KS. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Air Capital Charities Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Capital Charities 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 09/2023, Air Capital Charities Inc generated $375.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $577.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Air Capital Charities Inc has awarded 58 individual grants totaling $3,587,924. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER AND SUPPORT EDUCATIONAL AND OTHER CHARITABLE ENDEAVORS IN THE GREATER WICHITA METRO AREA, INCLUDING, SUPPORT OF AND COOPERATION WITH OTHER NOT-FOR-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIR CAPITAL CHARITIES, INC. WAS ESTABLISHED TO FOSTER AND SUPPORT EDUCATIONAL AND OTHER CHARITABLE ENDEAVORS IN THE GREATER WICHITA METROPOLITAN AREA. THROUGH PARTNERSHIPS WITH, AND GRANTS TO AREA NOT FOR PROFIT ORGANIZATIONS, AIR CAPITAL CHARITIES PROVIDES FUNDING TO NUMEROUS AREA ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/director - Beginning 9/23 | OfficerTrustee | 40 | $50,769 |
Name Not Listed Chairman/director | OfficerTrustee | 2 | $0 |
Name Not Listed President/director - Ending 6/23 | OfficerTrustee | 40 | $112,284 |
Name Not Listed Vice President/director | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President/director | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $609,298 |
| 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 | $609,298 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$234,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,012 |
| 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. | $253,391 |
| Compensation of current officers, directors, key employees. | $253,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,600 |
| Advertising and promotion | $0 |
| Office expenses | $9,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,000 |
| Travel | $0 |
| 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 | $1,788 |
| Insurance | $1,665 |
| All other expenses | $0 |
| Total functional expenses | $577,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,092 |
| 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 | $6,045 |
| Net Land, buildings, and equipment | $7,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,237 |
| Accounts payable and accrued expenses | $116,806 |
| 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 | $385,358 |
| Total liabilities | $502,164 |
| Net assets without donor restrictions | $0 |
| 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 | -$383,927 |
| Total liabilities and net assets/fund balances | $118,237 |
Grants Awarded
Over the last fiscal year, Air Capital Charities Inc has awarded $158,512 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UKSM-W MEDICAL PRACTICE ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $90,622 |
CHILDREN'S MIRACLE NETWORK PURPOSE: GENERAL OPERATING SUPPORT | $53,890 |
GREATER WICHITA YMCA PURPOSE: GENERAL OPERATING SUPPORT | $14,000 |