Inspire Aviation Foundation Inc is located in Norcross, GA. The organization was established in 2017. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Inspire Aviation 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 12/2021, Inspire Aviation Foundation Inc generated $6.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $5.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM - TO CREATE AND BUILD A WORLD CLASS AIR AND SPACE MUSUEM AND EDUCATIONAL CAMPUS AT DEKALB-PEACHTREE AIRPORT THAT LEADS WITH INNOVATIVE EDUCATIONAL PROGRAMS AND SETS THE BENCHMARK FOR PARTNERSHIPS WITH LOCAL AND STATE SCHOOL SYSTEMS.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $6,510 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $6,510 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $20 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $757 |
Printing and publications | $1,550 |
Other expenses | $2,564 |
Total operating and administrative expenses | $5,291 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $5,291 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,864 |
Savings and temporary cash investments | $0 |
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 | $10,864 |
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 |
Over the last fiscal year, we have identified 2 grants that Inspire Aviation Foundation Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Bennett Thrasher Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING FUND | $5,000 |
Bennett Thrasher Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING FUND | $5,000 |
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