Civic Intelligence

Cessna 150-152 Fly-In Foundation Inc

EIN 27-1078131 • 501(c)3 • Springfield, VA

RevokedPub. 78 Eligible990-N Coverage

Profile

The Cessna 150-152 Fly-In Foundation was formed in 2009. Its purpose being to educate and inform owners, pilots and anyone with a general interest in one of the most popular and best-loved general aviation aircraft of all time. The Foundation also organizes, plans and runs the annual Cessna 150-152 Fly-In.

Revocation date: May 15, 2018

PO Box 1701Springfield, VA 22151

n/A

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

91st percentile

94%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

250%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$144,065

Up $69,900 (+94%) from 2023

Liabilities

Down

$4,000

Down $2,000 (-33%) from 2023

Net Assets

Up

$140,065

Up $71,900 (+105%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin85th percentile

Revenue

Up

$195,076

Up $139,288 (+250%) from 2023

Expenses

Up

$123,225

Up $45,266 (+58%) from 2023

Net Income

Up

$71,851

Up $94,022 (+424%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

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

$150K$100K$50K$0Assets 2021: $77,151Net Assets 2021: $77,1512021Assets 2022: $89,836Net Assets 2022: $89,8362022Assets 2023: $74,165Liabilities 2023: $6,000Net Assets 2023: $68,1652023Assets 2024: $144,065Liabilities 2024: $4,000Net Assets 2024: $140,0652024

Highlighted filing

2024

Assets$144,065
Liabilities$4,000
Net Assets$140,065
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$200K$100K$0-$100KRevenue 2021: $27,019Expenses 2021: $12,291Net Income 2021: $14,7282021Revenue 2022: $40,505Expenses 2022: $28,021Net Income 2022: $12,4842022Revenue 2023: $55,788Expenses 2023: $77,959Net Income 2023: -$22,1712023Revenue 2024: $195,076Expenses 2024: $123,225Net Income 2024: $71,8512024

Highlighted filing

2024

Revenue$195,076
Expenses$123,225
Net Income$71,851
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$144,065
Liabilities
$4,000
Net assets
$140,065
Revenue
$195,076
Expenses
$123,225
Net income
$71,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.04$1.40$1.95$1.23$0.72
2023Detailed filing. Detailed filing data is available for this year.$0.74$0.06$0.68$0.56$0.78$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.90$0.41$0.28$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.77$0.27$0.12$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$195,076
Mission and Program Overview

Mission

The Cessna 150-152 Fly-In Foundation was formed in 2009. Its purpose being to educate and inform owners, pilots and anyone with a general interest in one of the most popular and best-loved general aviation aircraft of all time. The Foundation also organizes, plans and runs the annual Cessna 150-152 Fly-In.

Program Services

DescriptionGrantsExpenses
OPERATE THE CESSNA 150-152 CLUB THAT PROVIDES MEMBERSINFORMATION ABOUT THE CESSNA 150 AND CESSNA 152 AIRCRAFT INCLUDINGTECHNICAL, OPERATING, AND MAINTENANCE. THE CLUB ALSO PROVIDES AN ONLINE FORUM FOR MEMBERS TO DISCUSS THE CESSNA 150 AND 152$0$101,811
HOSTED THE ANNUAL CESSNA 150-152 FLYIN IN CLINTON, IOWA.THE FLYIN PRESENTED SEMINARS ON SAFETY, GENERAL AVIATION, ANDTOPICS SPECIFIC TO THE CESSNA 150 AND 152 AIRCRAFT.$0$21,414
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KIRK WENNERSTROMPresident-$0--
PETER BENWAYVice President-$0--
JOSEPH FOLSOMTreasurer-$0--
MARK BUCHNERDirector Of Operations-$0--
RON STEWARTChairman-$0--
GEORGE JAMESONDirector-$0--
RICKY BARRETTESecretary-$0--
JOHN COMPTONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Cessna 150-152 Fly-in Foundation Inc
EIN
27-1078131
Phone
8034849454
Address
PO BOX 1701, SPRINGFIELD, VA 22151

Signing Officer

Name
Joseph G Folsom
Title
Treasurer
Phone
8034849454
Signed
2025-10-24
Discuss with paid preparer
Yes

Preparer

Firm
Joseph Folsom CPA LLC
Address
PO Box 267, Bishopville, SC 29010
Preparer
Joseph G Folsom III
Phone
8034849454
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“INSURANCE 753.”

Form 990EZ, Part I, Line 16

“ADVERTISING 206.”

Form 990EZ, Part I, Line 16

“Internet services and software 4448.”

Form 990EZ, Part I, Line 16

“POSTAGE 351.”

Form 990EZ, Part I, Line 16

“OFFICE SUPPLIES 170.”

Form 990EZ, Part I, Line 16

“Merchant processing fees 984.”

Form 990EZ, Part I, Line 16

“Cessna 150-152 flyin expenses 21414.”

Form 990EZ, Part I, Line 16

“Scholarships awarded 10000.”

Form 990EZ, Part I, Line 16

“CLUBHOUSE REPAIRS 26499.”

Form 990EZ, Part I, Line 16

“Raffle airplane expenses 58400.”

Form 990EZ, Part I, Line 20

“Prior period adjustment 50.”

Form 990EZ, Part I, Line 20

“ROUNDING -1.”

Form 990EZ, Part II, Line 24

“Membership list 14500. 14500.”

Form 990EZ, Part II, Line 24

“Meeting expense accounts receivable 1735. 290.”

Form 990EZ, Part II, Line 24

“Raffle airplane 25000. 35000.”

Form 990EZ, Part II, Line 26

“2023 awarded flight scholarships payable 6000. 4000.”

Raw XML Appendix214 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.

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IRS990EZ/PrimaryExemptPurposeTxt0THE CESSNA 150-152 FLY-IN FOUNDATION WAS FORMED IN 2009. ITS PURPOSE BEING TO EDUCATE AND INFORM OWNERS, PILOTS AND ANYONE WITH A GENERAL INTEREST IN ONE OF THE MOST POPULAR AND BEST-LOVED GENERAL AVIATION AIRCRAFT OF ALL TIME. THE FOUNDATION ALSO ORGANIZES, PLANS AND RUNS THE ANNUAL CESSNA 150-152 FLY-IN.
IRS990EZ/ProgramServiceRevenueAmt018880
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1OPERATE THE CESSNA 150-152 CLUB THAT PROVIDES MEMBERSINFORMATION ABOUT THE CESSNA 150 AND CESSNA 152 AIRCRAFT INCLUDINGTECHNICAL, OPERATING, AND MAINTENANCE. THE CLUB ALSO PROVIDES AN ONLINE FORUM FOR MEMBERS TO DISCUSS THE CESSNA 150 AND 152
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSURANCE 753.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADVERTISING 206.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INTERNET SERVICES AND SOFTWARE 4448.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POSTAGE 351.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE SUPPLIES 170.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MERCHANT PROCESSING FEES 984.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CESSNA 150-152 FLYIN EXPENSES 21414.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SCHOLARSHIPS AWARDED 10000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CLUBHOUSE REPAIRS 26499.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9RAFFLE AIRPLANE EXPENSES 58400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PRIOR PERIOD ADJUSTMENT 50.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12MEMBERSHIP LIST 14500. 14500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13MEETING EXPENSE ACCOUNTS RECEIVABLE 1735. 290.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14RAFFLE AIRPLANE 25000. 35000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt152023 AWARDED FLIGHT SCHOLARSHIPS PAYABLE 6000. 4000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH G FOLSOM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08034849454
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CESSNA 150-152 FLY-IN FOUNDATION INC
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ReturnHeader/Filer/EIN0271078131
ReturnHeader/Filer/PhoneNum08034849454
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ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271420755
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Joseph Folsom CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 267
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bishopville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029010
ReturnHeader/PreparerPersonGrp/PhoneNum08034849454
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph G Folsom III
ReturnHeader/ReturnTs02025-10-24T11:23:49-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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