Status Aviation Foundation
- Assets
- $207.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Berwyn, PA
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-4927057
Organization Overview
Status Aviation Foundation is located in Berwyn, PA. The organization was established in 2014. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Status Aviation 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, Status Aviation Foundation generated $145.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE STRATUS AVIATION FOUNDATION ("SAF") CONDUCTS ITS PRIMARY AVIATION EDUCATIONAL PROGRAMS IN COLLABORATION WITH BRANDYWINE AVIATION & MAINTENANCE AT BRANDYWINE REGIONAL AIRPORT. SAF'S EDUCATIONAL INITIATIVES ENCOMPASS COMPREHENSIVE AVIATION EXPERIENCES, INCLUDING FLIGHT TRAINING AND MECHANICAL TRAINING. THE FOUNDATION GOES BEYOND THEORETICAL KNOWLEDGE, OFFERING DISCOVERY FLIGHTS TO PARTICIPANTS WHO ASPIRE TO PURSUE A CAREER IN AVIATION. THESE IMMERSIVE ACTIVITIES AIM TO INSTILL A DEEP UNDERSTANDING AND PASSION FOR AVIATION, PREPARING PARTICIPANTS FOR POTENTIAL FUTURE CAREERS IN THE FIELD.IN ADDITION TO ITS CORE EDUCATIONAL PROGRAMS, SAF ACTIVELY SUPPORTS THE BROADER COMMUNITY BY PROVIDING BASIC SCHOLARSHIPS. THESE SCHOLARSHIPS SERVE TWO PURPOSES: ASSISTING PARTICIPANTS WITHIN SAF'S PROGRAMS WHO MAY LACK THE FINANCIAL MEANS TO PURSUE AVIATION CAREERS AND CONTRIBUTING TO OTHER FOUNDATIONS WITH SIMILAR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dimitri Vassiliou Officer/trustee | 9 | $0 | |
Naial Casanovas Board Member | 8 | $0 | |
Michael Schultz Board Member | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $144,027 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $145,527 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,062 |
| Occupancy, rent, utilities, and maintenance | $6,300 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,575 |
| Total expenses | $30,937 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,253 |
| Other assets | $0 |
| Total assets | $207,253 |
| Total liabilities | $6,258 |
| Net assets or fund balances | $200,995 |