Franconia Soaring Foundation Inc
- Assets
- $1.1m
- Revenue
- $563.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Franconia, NH
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-2864631
Organization Overview
Franconia Soaring Foundation Inc is located in Franconia, NH. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franconia Soaring Foundation 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 12/2023, Franconia Soaring Foundation Inc generated $563.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $40.5k during the year ending 12/2023. While expenses have increased by 34.8% per year over the past 4 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
TO PROVIDE EDUCATIONAL PROGRAMS AND TRAINING MATERIALS RELATED TO THE SCIENCE AND ART OF MOTORLESS FLIGHT. PROVIDE FLYING EQUIPMENT AND FACILITIES TO ASSIST IN THE PROMOTION AND EDUCATION OF STUDENTS, PILOTS, YOUTH ORGANIZATIONS AND THE GENERAL PUBLIC RELATED TO MOTORLESS FLIGHT AND PUBLIC SAFETY. TO ENCOURAGE, PROMOTE AND PROVIDE FOR THE TRAINING OF KNOWLEDGE, SKILLS AND PRACTICES OF MOTORLESS FLIGHT. TO STUDY AND RESEARCH THE SCIENTIFIC TECHNIQUES OF SOARING IN THE METEOROLOGICAL CONDITION IN THE LOCAL AREA OF THE ORGANIZATION AND TO MAKE THESE FINDINGS AVAILABLE TO THE PUBLIC. TO PROVIDE ENHANCED OPPORTUNITIES FOR MOTORLESS FLIGHT BY FACILITATING OEPRATIONS IN CLOSE PROXIMITY TO THE UNIQUELY FAVORABLE SOARING CONDITIONS IN FRANCONIA, NEW HAMPSHIRE. TO PRESERVE THE FRANCONIA AIRPORT FOR FUTURE GENERATIONS OF AVIATION AND RECREATIONAL USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION - AVIATION STEM STUDENT INTRODUCTORY FLIGHTS, WITH GROUND AND FLIGHT INSTRUCTION, ADAPTIVE DAY INTRODUCTORY FLIGHTS FOR DISABLED INDIVIDUALS, AND PURCHASE OF FLIGHT SIMULATOR EQUIPMENT TO ENHANCE THE PUBLIC KNOWLEDGE OF THE ART AND SCIENCE OF MOTORLESS FLIGHT.
TO MAINTAIN AN AIRFIELD IN FRANCONIA, NH FOR THE ORGANIZATION TO UTILIZE IN EFFORTS TO CONTINUE THEIR MISSION OF TRAINING AND EDUCATION OF THE ART OF MOTORLESS FLIGHT, WHILE PRESERVING THE FRANCONIA AIRPORT FOR FUTURE GENERATIONS OF AVIATION AND RECREATIONAL USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James David Airport Mana | Trustee | 5 | $0 |
Peter Eiche Director | Trustee | 1 | $0 |
Thomas Ganse President | OfficerTrustee | 10 | $0 |
Joseph Kwasnik Director | Trustee | 5 | $0 |
Lee Lareau Treasurer | OfficerTrustee | 5 | $0 |
William Pauley Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $319,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,011 |
| Total Program Service Revenue | $11,700 |
| 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 | $53,153 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,300 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,104 |
| Advertising and promotion | $200 |
| Office expenses | $2,387 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,017 |
| 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 | $3,039 |
| Insurance | $2,572 |
| All other expenses | $1,119 |
| Total functional expenses | $40,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,155 |
| Savings and temporary cash investments | $0 |
| 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 | $698,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,079,398 |
| 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 | $189,080 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $189,080 |
| Net assets without donor restrictions | $890,318 |
| 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 | $1,079,398 |