Civic Intelligence

Flight Safety Foundation Inc

EIN 13-5656187 • 501(c)3 • Alexandria, VA

View Organization Page

Profile

1. Promote and facilitate the global application of leading aviation safety assessments, standards and practices.2. Develop global solutions to key aviation safety challenges.

1920 Ballenger Ave 4th FloorAlexandria, VA 22314

www.flightsafety.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.29x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

55th percentile

6.6%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

84th percentile

28%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$4,770,739

Up $1,030,347 (+28%) from 2023

Liabilities

Up

$1,487,729

Up $117,137 (+8.5%) from 2023

Net Assets

Up

$3,283,010

Up $913,210 (+39%) from 2023

Operations
Liabilities / Revenue64th percentileNet Margin55th percentile

Revenue

Up

$5,055,822

Up $1,084,864 (+27%) from 2023

Expenses

Up

$4,721,953

Up $745,222 (+19%) from 2023

Net Income

Up

$333,869

Up $339,642 (+5883%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $5,855,085Liabilities 2010: $1,593,745Net Assets 2010: $4,261,3402010Assets 2011: $3,762,750Liabilities 2011: $1,054,475Net Assets 2011: $2,708,2752011Assets 2012: $2,463,992Liabilities 2012: $1,043,419Net Assets 2012: $1,420,5732012Assets 2013: $2,088,336Liabilities 2013: $1,162,972Net Assets 2013: $925,3642013Assets 2014: $2,128,290Liabilities 2014: $1,046,070Net Assets 2014: $1,082,2202014Assets 2015: $2,931,931Liabilities 2015: $1,438,359Net Assets 2015: $1,493,5722015Assets 2016: $2,635,778Liabilities 2016: $1,013,873Net Assets 2016: $1,621,9052016Assets 2017: $2,903,340Liabilities 2017: $1,303,928Net Assets 2017: $1,599,4122017Assets 2018: $2,421,574Liabilities 2018: $1,032,797Net Assets 2018: $1,388,7772018Assets 2019: $1,963,090Liabilities 2019: $902,931Net Assets 2019: $1,060,1592019Assets 2020: $2,510,881Liabilities 2020: $1,244,890Net Assets 2020: $1,265,9912020Assets 2021: $3,531,593Liabilities 2021: $1,512,122Net Assets 2021: $2,019,4712021Assets 2022: $2,950,532Liabilities 2022: $1,128,122Net Assets 2022: $1,822,4102022Assets 2023: $3,740,392Liabilities 2023: $1,370,592Net Assets 2023: $2,369,8002023Assets 2024: $4,770,739Liabilities 2024: $1,487,729Net Assets 2024: $3,283,0102024

Highlighted filing

2024

Assets$4,770,739
Liabilities$1,487,729
Net Assets$3,283,010
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,640,5982010Revenue 2011: $2,746,343Expenses 2011: $4,491,054Net Income 2011: -$1,744,7112011Expenses 2012: $4,179,1702012Revenue 2013: $2,838,676Expenses 2013: $3,466,041Net Income 2013: -$627,3652013Revenue 2014: $3,363,538Expenses 2014: $3,001,577Net Income 2014: $361,9612014Revenue 2015: $4,976,029Expenses 2015: $4,560,384Net Income 2015: $415,6452015Revenue 2016: $4,628,516Expenses 2016: $4,511,854Net Income 2016: $116,6622016Revenue 2017: $3,625,180Expenses 2017: $3,661,214Net Income 2017: -$36,0342017Revenue 2018: $3,441,480Expenses 2018: $3,545,688Net Income 2018: -$104,2082018Revenue 2019: $2,816,973Expenses 2019: $3,227,753Net Income 2019: -$410,7802019Revenue 2020: $2,476,876Expenses 2020: $2,293,333Net Income 2020: $183,5432020Revenue 2021: $3,156,585Expenses 2021: $2,578,484Net Income 2021: $578,1012021Revenue 2022: $3,730,138Expenses 2022: $3,340,101Net Income 2022: $390,0372022Revenue 2023: $3,970,958Expenses 2023: $3,976,731Net Income 2023: -$5,7732023Revenue 2024: $5,055,822Expenses 2024: $4,721,953Net Income 2024: $333,8692024

Highlighted filing

2024

Revenue$5,055,822
Expenses$4,721,953
Net Income$333,869
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,770,739
Liabilities
$1,487,729
Net assets
$3,283,010
Revenue
$5,055,822
Expenses
$4,721,953
Net income
$333,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$1.49$3.28$5.06$4.72$0.33
2023Detailed filing. Detailed filing data is available for this year.$3.74$1.37$2.37$3.97$3.98$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.95$1.13$1.82$3.73$3.34$0.39
2021Detailed filing. Detailed filing data is available for this year.$3.53$1.51$2.02$3.16$2.58$0.58
2020Detailed filing. Detailed filing data is available for this year.$2.51$1.24$1.27$2.48$2.29$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.90$1.06$2.82$3.23$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.42$1.03$1.39$3.44$3.55$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.90$1.30$1.60$3.63$3.66$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.64$1.01$1.62$4.63$4.51$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.93$1.44$1.49$4.98$4.56$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.13$1.05$1.08$3.36$3.00$0.36
2013Detailed filing. Detailed filing data is available for this year.$2.09$1.16$0.93$2.84$3.47$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$1.04$1.42$4.18
2011Summary only. Only limited summary data is available for this year.$3.76$1.05$2.71$2.75$4.49$1.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.86$1.59$4.26$4.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$5,347,983
Mission and Program Overview

Mission

1. Promote and facilitate the global application of leading aviation safety assessments, standards and practices.2. Develop global solutions to key aviation safety challenges.

Be the leading independent and impartial voice of safety for the global aerospace/aviation community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,274,026$3,187,507▲ $913,481
Cash and Non-Interest-Bearing Accounts$389,767$352,475▼ $37,292
Accounts Receivable$369,658$324,076▼ $45,582
Savings and Temporary Cash Investments$287,411$255,914▼ $31,497
Land, Buildings, and Equipment, Net$41,184$34,605▼ $6,579
Prepaid Expenses and Deferred Charges$25,922$30,528▲ $4,606
Total Assets$3,740,392$4,770,739▲ $1,030,347
Other Assets Total$352,424$585,634▲ $233,210
Liabilities
Deferred Revenue$736,921$799,928▲ $63,007
Accounts Payable and Accrued Expenses$522,527$626,580▲ $104,053
Other Liabilities$111,144$61,221▼ $49,923
Total Liabilities$1,370,592$1,487,729▲ $117,137
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,310,282$3,218,992▲ $908,710
Net Assets With Donor Restrictions$59,518$64,018▲ $4,500
Total Net Assets Fund Balance$2,369,800$3,283,010▲ $913,210
Total Liabilities and Net Assets / Fund Balance$3,740,392$4,770,739▲ $1,030,347

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,237$109,614$117,851
Other Land Buildings$26,368-$26,368
Other Assets Org$61,221--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$32,500---$32,500
2023$32,500---$32,500
2022$32,500---$32,500
2021$32,500---$32,500
2020$32,500---$32,500
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hassan ShahidiPresident/CEOFT$335,968$92,469$428,437
Francis JackmanVP CommunicationsFT$165,482$56,145$221,627
Harrison WolfProgram Director, AdvancedFT$154,888$44,610$199,498
Mark MillamProgram Director, SafetyFT$124,866$31,889$156,755
Kerry BenikDirector, Marketing & EventsFT$118,587$29,296$147,883
Claudia JohnsonControllerFT$117,576$24,603$142,179

Board Members and Trustees

NameTitle
Gilberto Lopez-meyerChairman
Bobbi WellsPast Chairman
Alina NassarDirector
Cameron RossDirector
Danny C HoDirector
David CarbonDirector
David LoffingDirector
Holger PaulmannDirector
Houston MillsDirector
Irene MutungiDirector
Mario SibrianDirector
Mark BurtonwoodDirector
Peggy GilliganDirector
Sasha JohnsonDirector
Shai GillDirector
Tay Tiang GuanDirector
Yannick MalingeDirector
Gretchen HaskinsDirector (to 2024)
Michael GamlinDirector (to 2024)
Peter SteinDirector (to 2024)
Warren ChristieDirector (to 2024)
Amna ArshadGen Counsel/secretary (from 2024)
Kenneth P Quinn EsqGen Counsel/secretary (to 2024)
John WatretTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mitchell FoxConsulting Services881 ABBOTTSTOWN PIKE, Hanover, PA 17331, Sn$226,837
Henry GourdjiConsulting Services303A BEACONSFILED BLVD, Ca$158,619
Sullivan Aviation Services LLCConsulting Services-$125,772
Revenue and Support

Revenue Composition

Contributions and Grants
$20,750
Program Service Revenue
$4,870,071
Investment Income
$153,044
Other Revenue
$11,957
All Other Contributions
$20,750
Change in Net Assets
$333,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,890,753
Other Expenses$1,831,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,532,134$395,195-$1,927,329
Fees for Services Other$710,822$131,028-$841,850
Conferences and Meetings$475,809$3,765-$479,574
Current Officers, Directors, Trustees, and Key Employees$322,303$83,134-$405,437
Other Employee Benefits$225,008$58,038-$283,046
Payroll Taxes$125,757$32,438-$158,195
Pension Plan Contributions$92,807$23,939-$116,746
Information Technology$82,235$34,350-$116,585
Fees for Services Accounting$78,843$14,533-$93,376
Travel$30,431$46,786-$77,217
Office Expenses$49,529$21,520-$71,049
Occupancy$27,267$36,449-$63,716
Insurance$13,906$18,588-$32,494
Advertising$10,312$1,901-$12,213
Depreciation Depletion$5,748$1,483-$7,231
Fees for Services Legal$2,857$527-$3,384
All Other Expenses$607$581-$1,188
Other Expenses$602$577-$1,179
Total Functional Expenses$3,802,370$919,583$0$4,721,953
International Activity

International Summary

Offices
1
Employees
1
Spending
$838,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesTRAVEL; CONFERENCES, WOMEN IN AVIATION SCHOLARSHIP INITIATIVE11$357,000
South AmericaProgram ServicesConferences00$270,000
North AmericaProgram ServicesCONSULTING FEES; WOMEN IN AVIATION SCHOLARSHIP INITIATIVE00$165,000
EuropeProgram ServicesCONFERENCES; CONSULTING FEES00$42,000
Sub-saharan AfricaProgram ServicesCONFERENCES; WOMEN IN AVIATION SCHOLARSHIP INITIATIVE00$4,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rou Lease Liability$61,221
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the finance committee with the controller and ceo as well as being reviewed by the controller with the tax preparers before being filed. The finance committee reports its findings to the board.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy will be reviewed annually at the first board of governors meeting of each year and signed by each director.”

Form 990, Part VI, Section B, Line 15

“The ceo/president's compensation package is reviewed by a committee of independent officers and legal counsel who have access to data and provide a written three-year contract to that individual. All other employee salaries are reviewed when adjustments are appropriate using data obtained from nonprofit salary and benefit surveys. This data is compiled by the controller for review by the ceo/president who then approves any increases, bonuses, and salary/compensation adjustments.”

Form 990, Part VI, Section C, Line 19

“Any request for access to review the documents will be promptly provided during regular business hours at the flight safety foundation office in alexandria, va. Any requests for copies of such information will be provided promptly upon payment of a reasonable price per pages copied.”

Filing and Contact Details

Filer

Filer Name
Flight Safety Foundation Inc
EIN
13-5656187
Phone
7037396700
Address
1920 BALLENGER AVE 4TH FLOOR, ALEXANDRIA, VA 22314

Signing Officer

Name
Dr Hassan Shahidi
Title
President & CEO
Phone
7037396700
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Hassan Shahidi
Formed
1945
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
19
Employees
20
Volunteers
24

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Authors fees: program service expenses 20,796. Management and general expenses 3,834. Fundraising expenses 0. Total expenses 24,630. Consultants: program service expenses 684,874. Management and general expenses 126,244. Fundraising expenses 0. Total expenses 811,118. Payroll processing: program service expenses 5,152. Management and general expenses 950. Fundraising expenses 0. Total expenses 6,102.”

Financial Statement Notes

PART V, LINE 4:

“The earnings on the permanent funds are to be used for aviation safety research.”

PART X, LINE 2:

“Management has concluded that the foundation has properly maintained its exempt status and there are no uncertain tax positions as of december 31, 2024.”

Raw XML AppendixShowing 400 of 850 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0522527
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IRS990/AccountsReceivableGrp/EOYAmt0324076
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BE THE LEADING INDEPENDENT AND IMPARTIAL VOICE OF SAFETY FOR THE GLOBAL AEROSPACE/AVIATION COMMUNITY.
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IRS990/BooksInCareOfDetail/PhoneNum07037396700
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IRS990/BooksInCareOfDetail/USAddress/CityNm0ALEXANDRIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022314
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0881 ABBOTTSTOWN PIKE
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SULLIVAN AVIATION SERVICES LLC
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IRS990/Desc0TECHNICAL, RESEARCH, LIBRARY, AND OTHER: FSF'S TECHNICAL DEPARTMENT ENGAGES WITH INTERNATIONAL ORGANIZATIONS AND WORK GROUPS AND FOCUSES ITS EFFORTS ON SAFETY-RELATED RESEARCH VIA FUNDED PROGRAMS. THIS ALSO INCLUDES THE AUSTRALIA SUBSIDIARY, WHICH PROVIDES AVIATION SAFETY TRAINING AND THE SINGAPORE BRANCH, ESTABLISHED IN 2023, WHICH OPERATES THE FLIGHT SAFETY FOUNDATION ASIA PACIFIC CENTRE FOR AVIATION SAFETY (AP-CAS) PRINCIPALLY TO CARRY OUT RESEARCH AND ANALYSIS OF AVIATION SAFETY ISSUES IN THE ASIA PACIFIC REGION. SOME OF THE FUNDED PROGRAMS ARE DETAILED IN THE NEXT FEW BULLET POINTS:- SKYBRARY: FSF PROVIDES CONTENT REVIEW AND EDITORIAL SUPPORT THAT ENHANCES THE CONTENT AND ACCURACY OF SAFETY INFORMATION.- INNOVATIONS IN TECHNOLOGY AND PROCESSES FOR CAST/ASIAS TRANSFORMATION: FSF IS PERFORMING RESEARCH ON COLLABORATIVE SAFETY PROCESSES AND TOOLS, INCLUDING THOSE EMPLOYING ADVANCED COMPUTING. - INTEGRATED SAFETY ASSURANCE RESEARCH STRATEGY ALIGNMENT: FSF ASSESSED AVIATION COMMUNITY PRIORITIES THAT CAN INFORM RESEARCH EFFORTS ENABLING THE SKY FOR ALL CONCEPT, INCLUDING THE ASSESSMENT OF THE ALIGNMENT BETWEEN THE CURRENT SKY FOR ALL ROADMAP AND THE ROADMAP FOR THE IN-TIME AVIATION SAFETY MANAGEMENT SYSTEM.- ASSESSMENT OF AVIATION STAKEHOLDER PRIORITIES AND NEEDS FOR THE EVOLUTION TO IN-TIME AVIATION SAFETY MANAGEMENT: FSF EXPLORED THE POTENTIAL OPERATOR BENEFITS POOL ASSOCIATED WITH IMPLEMENTATION OF THE IN-TIME AVIATION SAFETY MANAGEMENT SYSTEM (IASMS) AND ASSESS KEY DEPENDENCIES ASSOCIATED WITH IMPLEMENTATION OF IASMS.- DEVELOPMENT OF A CONCEPT AND PATH FORWARD FOR FUTURE AVIATION OPERATIONS: THIS PROJECT PROVIDES SUPPORT FOR THE DEVELOPMENT OF SKY FOR ALL, A CONCEPT FOR THE FUTURE OPERATION OF THE NATIONAL AIRSPACE SYSTEM.- INITIAL SAFETY ASSESSMENT FOR DIGITAL FLIGHT: THIS PROJECT INVOLVES 1) A QUALITATIVE ASSESSMENT OF THE SAFETY RISKS/BENEFITS OF A DIGITAL FLIGHT AND 2) A QUALITATIVE ASSESSMENT OF HOW DIGITAL FLIGHT RELATES TO THE IN-TIME AVIATION SAFETY MANAGEMENT SYSTEM CONCEPT AND ROADMAP.- DUAL REGISTRATION STUDY: FSF STUDIED THE IMPACT OF INTERNATIONAL AVIATION SANCTIONS ON THE ABILITY TO SUSTAIN AND VERIFY THE SAFETY OF WESTERN-BUILT AIRCRAFT OPERATED BY AIR OPERATORS FROM COUNTRIES AFFECTED BY SANCTIONS. A SERIES OF REPORTS WERE PRODUCED THAT ADDRESSED REGULATORY NONCOMPLIANCE MATTERS AND PROVIDED EXPERT ASSESSMENT OF SAFETY CONCERNS.- SAFETY 2: FSF DEVELOPED A NEW FRAMEWORK TO LEVERAGE OPERATIONAL INFORMATION TO ENHANCE SAFETY THROUGH APPLYING BEST PRACTICES FROM POSITIVE OUTCOMES IN NORMAL OPERATIONS.- ASIA PACIFIC SAFETY DATA SHARING DEMONSTRATION PROJECT: FSF, IN COLLABORATION WITH MITRE AND SEVERAL PARTICIPATING CIVIL AVIATION AUTHORITIES IN ASIA PACIFIC IDENTIFIED SAFETY HAZARDS AND RISKS IN AIR SAFETY AND PROVIDED LISTS OF POTENTIAL MITIGATION APPROACHES.- ASIA PACIFIC CENTRE FOR AVIATION SAFETY: THE FSF ASIA PACIFIC CENTRE FOR AVIATION SAFETY CONDUCTS STUDIES ON REGIONAL SAFETY ISSUES THAT INCLUDE RECOMMENDATIONS TO STRENGTHEN SAFETY AND ASSISTS REGULATORS AND INDUSTRY TO IMPLEMENT THE RECOMMENDATIONS.- UNIVERSAL SAFETY OVERSIGHT AUDIT PROGRAM: FSF IS COLLABORATING WITH SELECTED CIVIL AVIATION AUTHORITIES TO DELIVER TRAINING THAT PREPARES THEM FOR AUDITS UNDER ICAO'S USOAP.
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IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR, MARKETING & EVENTS
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