Foundation For Free Flight Inc
- Assets
- $1.1m
- Revenue
- $81.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Macungie, PA
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 84-1132636
Organization Overview
Foundation For Free Flight Inc, operating under the name Co Haffner & Associates Llc Cpa's, is located in Macungie, PA. The organization was established in 1989. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Haffner & Associates Llc Cpa's 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, Co Haffner & Associates Llc Cpa's generated $81.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $63.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Co Haffner & Associates Llc Cpa's has awarded 18 individual grants totaling $269,594. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR FREE FLIGHT IS A PUBLIC CHARITABLE FOUNDATION STAFFED BY UNPAID VOLUNTEERS DEDICATED TO THE PRESERVATION OF HANG GLIDING AND PARAGLIDING IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SITE PRESERVATION - TO PRESERVE FLYING SITES FOR FUTURE GENERATIONS AND TO SUPPORT, ENCOURAGE AND ASSIT IN THE PROTECTION AND ACCESS TO OPEN SPACES FOR HANG GLIDING AND PARAGLIDING ACTIVITIES.
COMPETITION EXCELLENCE - ENCOURAGE AND ASSIST PARTICIPATION IN WORLD TEAM AND NATIONAL COMPETITIONS.
SAFETY AND EDUCATION - TO FUND ADVANCEMENTS IN SAFETY AND DEVELOPMENT OF EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Sharpe Trustee | Trustee | 8 | $0 |
James Kolynich Treasurer | OfficerTrustee | 10 | $0 |
Bill Belcourt Secretary | OfficerTrustee | 5 | $0 |
Jim Maze President | OfficerTrustee | 8 | $0 |
Ken Grubbs Trustee | Trustee | 5 | $0 |
Steve Kroop Trustee | Trustee | 4 | $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 | $30,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,096 |
| Total Program Service Revenue | $45,421 |
| Investment income | $6,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,200 |
| Grants and other assistance to domestic individuals. | $3,500 |
| 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 | $33,334 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,273 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| 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 | $1,502 |
| All other expenses | $6,850 |
| Total functional expenses | $63,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,525 |
| Savings and temporary cash investments | $116,574 |
| 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 | $3,667 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $480,199 |
| Investments—other securities | $0 |
| Investments—program-related | $500,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,123,965 |
| 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 | $201,539 |
| Net assets with donor restrictions | $922,426 |
| 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 | $1,123,965 |
Grants Awarded
Over the last fiscal year, Foundation For Free Flight Inc has awarded $36,817 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEE TREE TOPPERS INC PURPOSE: SITE PRESERVATION FUND | $25,000 |
X-ALPS TEAM PURPOSE: COMPETITION EXCELLENCE | $11,817 |