Sr-71 Blackbird Foundation
- Assets
- $6.5m
- Revenue
- $782.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-1464109
Organization Overview
Sr-71 Blackbird Foundation is located in Pacific Palisades, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Sr-71 Blackbird 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, Sr-71 Blackbird Foundation generated $782.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $20.8k during the year ending 12/2021. 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
THE FOUNDATION HAS INVESTED $765,255 IN THE CURRENT YEAR, OVER $6.5 MILLION SINCE INCEPTION, IN THE IN-PROCESS CONSTRUCTION OF A WORKING REPRODUCTION OF THE SR-71 BLACKBIRD AIRCRAFT. ALL SUCH EXPENDITURES HAVE BEEN CAPITALIZED AND, THEREFORE, ARE NOT LISTED AS CURRENT YEAR EXPENSES. THE FOUNDATION IS ALSO IN THE PROCESS OF COMPILING PHOTOS, WRITTEN AND ORAL HISTORIES TO DOCUMENT THE HISTORY OF THIS UNIQUE AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Bennett Treasurer | 1 | $0 | |
Tim Gardner Director | 4 | $0 | |
Krystyna Abba Secretary | 2.5 | $0 | |
Christopher Bennett Director | 1 | $0 | |
Dennis A Tito President/director | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Desert Aerospace | 12/30/21 | $592,626 |
Control Dynamics Engineering Dba Aerospace Con | 12/30/21 | $149,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $782,000 |
| 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 | $782,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $20,814 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $20,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428 |
| 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 | $6,548,792 |
| Other assets | $0 |
| Total assets | $6,549,220 |
| 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 |
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