Taking Flight Foundation
- Assets
- $2.0m
- Revenue
- $63.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-3706325
Organization Overview
Taking Flight Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taking Flight 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 12/2022, Taking Flight Foundation generated $63.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $141.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Taking Flight Foundation has awarded 86 individual grants totaling $384,780. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,439 |
| Dividends & Interest | $43,022 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,202 |
| Capital Gain Net Income | $18,202 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $732 |
| Total Revenue | $63,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,785 |
| Total operating and administrative expenses | $30,787 |
| Contributions, gifts, grants paid | $110,500 |
| Total expenses and disbursements | $141,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,936 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,030,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Taking Flight Foundation has awarded $110,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AEROANGEL INCORPORATED PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALEXANDER DAWSON FOUNDATION PURPOSE: DAWSON SCHOOL, LAFAYETTE, COLORADO | $10,000 |
COLLINGS FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
BOULDER VALLEY WOMENS HEALTH CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BOULDER SHELTER FOR THE HOMELESS INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
COLORADO MUSIC FESTIVAL PURPOSE: CENTER FOR THE MUSICAL ARTS | $3,000 |