Two Fly Foundation Inc
- Assets
- $136.4k
- Revenue
- $388.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Casper, WY
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 84-1648012
Organization Overview
Two Fly Foundation Inc is located in Casper, WY. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Two Fly 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, Two Fly Foundation Inc generated $388.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $333.3k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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.
Since 2015, Two Fly Foundation Inc has awarded 30 individual grants totaling $1,990,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TWO FLY FOUNDATION INC WAS ORGANIZED TO PROMOTE CORPORATE PHILANTHROPY WITHIN THE OIL AND GAS INDUSTRY TO BENEFIT WYOMING CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE EVENT OF THE ENTITY IS AN ANNUAL "TWO FLY" FLY FISHING TOURNAMENT HELD ON THE NORTH PLATTE RIVER TO PROMOTE CORPORATE PHILANTHROPY WITHIN THE OIL AND GAS INDUSTRY FOR THE BENEFIT OF WYOMING CHARITIES. THE TWO FLY FOUNDATION INC ANNUALLY DONATES TO WYOMING CHARITIES THE PROCEEDS FROM THE TWO FLY FISHING TOURNAMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom E Swanson Director | Trustee | 1 | $0 |
Tad True Director | Trustee | 1 | $0 |
Andrew Brus Director | Trustee | 1 | $0 |
Kim Devore President/treasurer | OfficerTrustee | 2 | $0 |
Court Wold Director | Trustee | 1 | $0 |
Lon Whitman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $341,038 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,038 |
| Total Program Service Revenue | $0 |
| 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 | $10,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,973 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,000 |
| 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 | $2,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,685 |
| Advertising and promotion | $315 |
| Office expenses | $5,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $333,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,236 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,356 |
| 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 | $0 |
| 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 | $136,356 |
| Total liabilities and net assets/fund balances | $136,356 |
Grants Awarded
Over the last fiscal year, Two Fly Foundation Inc has awarded $310,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH PLATTE RIVER FOUNDATION INC PURPOSE: TO ASSIST IN AND PROVIDE FUNDS FOR THE RESTORATION OF TROUT HABITAT FOR INCREASED RECREATIONAL VALUE AND TO STABILIZE BANKS AND TO REMOVE INVASIVE SPECIES AND REPLACE WITH MORE APPROPRIATE VEGETATION AND TREES IN AND ALONG THE NORTH PLATTE RIVER IN AND AROUND CASPER, WYOMING. | $75,000 |
JASONS FRIENDS FOUNDATION INC PURPOSE: TO ASSIST WYOMING FAMILIES WHOSE CHILDREN ARE BATTLING CHILDHOOD CANCERS. | $150,000 |
UNACCOMPANIED STUDENTS INITIATIVE PURPOSE: TO PROVIDE SAFE, STABLE HOUSING AND TO DEVELOP SUPPORT SYSTEMS FOR HIGH SCHOOL STUDENTS, AGES 16 TO 20 EXPERIENCING HOMELESSNESS. | $85,000 |