Red Jet Foundation

990PF • Fiscal year 2023 • EIN 41-2021695

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 06, 2024

Organization Profile

1245 Oakview RoadMedina, MN 55356-9595

(763) 449-0245

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • $1M-$5M nonprofits • Source year 2023

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • $1M-$5M nonprofits • Source year 2023

-39636%

Higher net margin than 1% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Higher top officer pay than 46% of similar nonprofits.

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

2023 filings • $1M-$5M nonprofits • Source year 2023

-11%

Faster asset growth than 11% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

-96%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets31st percentile

Assets

Down

$1,027,709

Down $128,816 (-11%) from 2022

Net Assets

Down

$1,027,709

Down $128,816 (-11%) from 2022

Liabilities

Flat

Flat from 2022

Revenue And Expenses

Liabilities / Revenue29th percentile Net Margin1st percentile

Revenue

Down

$325

Down $8,337 (-96%) from 2022

Expenses

$129,141

Up $21,441 (+20%) from 2022

Net Income

Down

-$128,816

Down $29,778 (-30%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2023

Assets$1,027,709

Liabilities$0

Net Assets$1,027,709

Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2023

Revenue$325

Expenses$129,141

Net Income-$128,816

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2023 to Dec 31, 2023
Signed: Nov 6, 2024
Return Version: 2023v5.1

Compensation and Service Providers

Top Officer Pay46th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
DANIEL J SULLIVAN III	President	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Red Jet Foundation
EIN: 41-2021695
Phone: 7634490245
Address: 1245 OAKVIEW ROAD, MEDINA, MN 55356-9595

Signing Officer

Name: Daniel J Sullivan Iii
Title: President
Phone: 7634490245
Signed: 2024-11-06
Discuss with paid preparer: Yes

Preparer

Firm: Wipfli Llp
Address: 1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer: Michael J Peterson CPA
Phone: 2187224705

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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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IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/CurrentYearAmt	0	79141
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/TotalAmt	0	180193
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/Year1Amt	0	54221
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/Year2Amt	0	13524
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/Year3Amt	0	33307
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/CurrentYearAmt	0	79141
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/TotalAmt	0	180193
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/Year1Amt	0	54221
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/Year2Amt	0	13524
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriMadeDrtGrp/Year3Amt	0	33307
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriNotUsedDrtGrp/CurrentYearAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriNotUsedDrtGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriNotUsedDrtGrp/Year1Amt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriNotUsedDrtGrp/Year2Amt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistriNotUsedDrtGrp/Year3Amt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/Section4942j3Ind	0	X
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/CurrentYearAmt	0	1027709
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/TotalAmt	0	4697266
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year1Amt	0	1156845
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year2Amt	0	1287383
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/Year3Amt	0	1225329
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/CurrentYearAmt	0	993529
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/TotalAmt	0	4342573
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year1Amt	0	1043829
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year2Amt	0	1129128
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/Year3Amt	0	1176087
IRS990PF/PrivateOperatingFoundationsGrp/TotalSupportGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/CurrentYearAmt	0	2505
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/TotalAmt	0	12347
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/Year1Amt	0	4776
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/Year2Amt	0	4498
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/Year3Amt	0	568
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd	0	0
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd	0	0
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd	0	0
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	1
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd	0	0
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd	0	1
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd	0	0
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd	0	0
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	0
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	1
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm	0	DANIEL J SULLIVAN III
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	0
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	1245 OAKVIEW ROAD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	MEDINA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	MN
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	55356
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	0
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	0
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	0
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	MN
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	0
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	7634731550
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	1
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt	0	0
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt	0	0
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	1
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt	0	0
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	0
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt	0	N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt	0	THE AIRCRAFT WAS AVAILABLE FOR TRAINING AND PROFICIENCY FLIGHTS AND SMALL TOURS AT ITS HOME BASE OF ANOKA AIRPORT AND EXHIBITED AT THE PSHKOSH AIRSHOW IN JULY OF 2023.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt	0	128841
IRS990PF/SumOfProgramRelatedInvstGrp/AllOtherProgramRltdInvstTotAmt	0	0
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt	0	0
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm	0	DANIEL J SULLIVAN III
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt	0	0
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	0
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	0	90000
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	1	495500
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	2	144500
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	3	34259
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	4	1572
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	5	3234
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	6	3297
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	7	16042
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	8	22458
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	9	14000
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	10	13167
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	11	5000
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	1	154500
LandEtcSchedule2/LandEtcGrp/BookValueAmt	2	5500
LandEtcSchedule2/LandEtcGrp/BookValueAmt	3	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	4	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	5	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	6	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	7	33958
LandEtcSchedule2/LandEtcGrp/BookValueAmt	8	47542
LandEtcSchedule2/LandEtcGrp/BookValueAmt	9	26000
LandEtcSchedule2/LandEtcGrp/BookValueAmt	10	26833
LandEtcSchedule2/LandEtcGrp/BookValueAmt	11	0
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	L-29 JET
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	1	L-39 JET
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	2	MIG-17 JET
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	3	PARTS EJECTION
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	4	TRAILER
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	5	PARACHUTE
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	6	PARACHUTE
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	7	JET REPAIRS
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	8	JET REPAIRS
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	9	JET CAPITALIZED MAINT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	10	JET CAP MAINT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	11	PARACHUTE
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	90000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	1	650000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	2	150000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	3	34259
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	4	1572
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	5	3234
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	6	3297
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	7	50000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	8	70000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	9	40000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	10	40000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	11	5000
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	0	0
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt	1	154500

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,027,709
Liabilities: $0
Net assets: $1,027,709
Revenue: $325
Expenses: $129,141
Net income: -$128,816

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.01	$0.00	$1.01	$0.07	$0.09	$0.02
2023Detailed filing. Detailed filing data is available for this year.	$1.03	$0.00	$1.03	$0.00	$0.13	$0.13
2022Detailed filing. Detailed filing data is available for this year.	$1.16	$0.00	$1.16	$0.01	$0.11	$0.10
2021Detailed filing. Detailed filing data is available for this year.	$1.29	$0.00	$1.29	$0.15	$0.07	$0.09
2020Detailed filing. Detailed filing data is available for this year.	$1.20	$0.00	$1.20	$0.04	$0.09	$0.05
2019Detailed filing. Detailed filing data is available for this year.	$1.25	$0.00	$1.25	$0.04	$0.09	$0.04
2014Summary only. Only limited summary data is available for this year.	$1.29	$0.00		$0.04	$0.07	$0.03
2013Summary only. Only limited summary data is available for this year.	$1.33	$0.00		$0.07	$0.11	$0.04
2012Summary only. Only limited summary data is available for this year.	$1.37	$0.00		$0.29	$0.13	$0.15
2011Summary only. Only limited summary data is available for this year.	$1.35	$0.00		$0.06	$0.05	$0.00
2010Summary only. Only limited summary data is available for this year.	$1.37	$0.00		$0.04	$0.07	$0.02