Foundation For Free Flight Inc
- Assets
- $1.3m
- Revenue
- $100.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 84-1132636
Organization Overview
Foundation For Free Flight Inc is located in New York, NY. 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. Foundation For Free Flight 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, Foundation For Free Flight Inc generated $100.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $64.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation For Free Flight Inc has awarded 16 individual grants totaling $232,777. 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
2021
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 ASSIST IN THE PROTECTION AND ACCESS TO OPEN SPACES FOR HANG GLIDING AND PARAGLIDING ACTIVITIES.
SAFETY & EDUCATION-TO FUND ADVANCEMENTS IN SAFETY AND DEVELOPMENT OF EDUCATIONAL PROGRAMS.
COMPETITION EXCELLENCE - ENCOURAGE AND ASSIST PARTICIPATION IN WORLD TEAM & NATIONAL COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Maze President | OfficerTrustee | 8 | $0 |
Jon James Secretary | OfficerTrustee | 5 | $0 |
James Kolynich Treasurer | OfficerTrustee | 10 | $0 |
Nick Greece Executive Dir. | Officer | 10 | $0 |
David R Legget Vice President | Officer | 8 | $0 |
Douglas Sharpe Trustee | Trustee | 8 | $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 | $92,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,988 |
| Total Program Service Revenue | $0 |
| Investment income | $7,090 |
| 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 | $100,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,556 |
| Grants and other assistance to domestic individuals. | $3,540 |
| 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 | $4,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,400 |
| 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 | $2,127 |
| All other expenses | $152 |
| Total functional expenses | $64,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,965 |
| Savings and temporary cash investments | $93,576 |
| 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 | $650,234 |
| Investments—other securities | $0 |
| Investments—program-related | $500,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,281,775 |
| 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 | $409,882 |
| Net assets with donor restrictions | $871,893 |
| 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 | $1,281,775 |
Grants Awarded
Over the last fiscal year, Foundation For Free Flight Inc has awarded $70,458 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
US HANG GLIDING NATIONAL TEAM PURPOSE: COMPETITION EXCELLENCE | $19,423 |
TENNESSEE TREE TOPPERS INC PURPOSE: SITE PRESERVATION FUND | $17,693 |
US PARAGLIDING TEAM PURPOSE: COMPETITION EXCELLENCE | $11,764 |
ROGUE VALLEY HG & PG ASSOC PURPOSE: SITE PRESERVATION-HUNTER LZ | $8,000 |
XALPS TEAM PURPOSE: COMPETITION EXCELLENCE | $7,578 |
BIG SUR ROAD IMPRVMT KRITZ PURPOSE: SITE PRESRVTN-ROAD WORK(BIG SUR) | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Free Flight Inc has recieved totaling $12,196.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Hills Country Club Inc Manhasset, NY | $8,665,701 | $10,144,490 |
American Yacht Club Rye, NY | $14,373,671 | $10,489,305 |
Rumson Country Club Rumson, NJ | $21,597,970 | $11,715,941 |
Fox Chapel Golf Club Pittsburgh, PA | $23,085,433 | $10,861,671 |
Laurel Valley Golf Club Ligonier, PA | $52,343,564 | $12,615,349 |
Fairmount Country Club Chatham, NJ | $19,011,415 | $11,121,971 |
Fenway Golf Club Inc Scarsdale, NY | $17,131,251 | $9,912,934 |
Patterson Club Inc Fairfield, CT | $29,144,334 | $11,504,536 |
Metropolis Country Club Inc White Plains, NY | $13,739,275 | $9,618,484 |
Duquesne Club Pittsburgh, PA | $30,792,617 | $9,610,299 |
Morris County Golf Club Convent Station, NJ | $22,253,157 | $12,044,540 |
Tavistock Country Club Haddonfield, NJ | $18,571,635 | $10,309,348 |