Netjets Family Foundation
- Assets
- $3.5m
- Revenue
- $469.1k
- Investments
- $3.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 61-1557295
Organization Overview
Netjets Family Foundation is located in Columbus, OH. The organization was established in 2008. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Netjets Family 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 12/2021, Netjets Family Foundation generated $469.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $137.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE TO CURRENT, FUTURE AND RECENTLY SEPARATED EMPLOYEES OF NETJETS INC. AND ITS SUBSIDIARY CORPORATIONS FOR THE PURPOSE OF DISASTER RELIEF AND OTHER QUALIFIED HARDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Noggle Board Of Directors/treasur | OfficerTrustee | 2 | $0 |
Robert Mcincrow Board Of Directors/secreta | OfficerTrustee | 1 | $0 |
Jason Layman Board Of Directors/preside | OfficerTrustee | 1 | $0 |
Tom Schaner Board Of Directors | Trustee | 1 | $0 |
Andrew Turocy Board Of Directors | Trustee | 1 | $0 |
Paul Flynn Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,008 |
| Total Program Service Revenue | $0 |
| Investment income | $64,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $117,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,283 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,635 |
| Information technology | $2,640 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $137,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,960 |
| 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 | $0 |
| Investments—other securities | $3,435,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,496,520 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $60,960 |
| Net assets with donor restrictions | $3,435,560 |
| 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 | $3,496,520 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Netjets Family Foundation has recieved totaling $89,076.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $75,000 |
Aj And Lynda Scribante Charitable Foundation Omaha, NE PURPOSE: GENERAL SUPPORT | $14,076 |
Endowment Analysis
| Beg. Balance | $3,073,480 |
| Earnings | $207,477 |
| Admin Expense | $7,283 |
| Net Contributions | $236,888 |
| Grants | $75,000 |
| Ending Balance | $3,435,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way For Southeastern Michigan Detroit, MI | $91,867,146 | $94,790,668 |
Underground Safety Alliance Inc Greenwood, IN | $4,222,370 | $11,681,610 |
Northwest Emergency Medical Services Inc Elizabethtown, PA | $7,341,931 | $4,423,978 |
Ers International Plymouth, MI | $2,959,368 | $5,499,071 |
West Michigan Regional Medical Consortium Muskegon, MI | $841,857 | $3,495,244 |
White Sulphur Springs Emergency Medical Service Inc White Sulphur Springs, WV | $2,472,952 | $4,683,243 |
National Association Of State Boating Law Administrators Inc Lexington, KY | $4,015,780 | $2,693,544 |
National Emergency Management Association Lexington, KY | $2,342,036 | $2,882,198 |
Safelite Charitable Foundation Columbus, OH | $5,285,203 | $3,554,520 |
Childrens Aid Society Of Mercer County Mercer, PA | $1,039,826 | $2,286,304 |
Helping His Hands Disaster Response Inc Vincennes, IN | $1,656,492 | $1,895,533 |
Mason County Emergency Ambulance Service Authority Point Pleasant, WV | $2,660,141 | $2,237,122 |