Civic Intelligence

First Flight Foundation

990 • Fiscal year 2017 • EIN 56-1937133

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 18, 2017

PO Box 1858Kitty Hawk, NC 27949

(252) 491-5165

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-366%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

21st percentile

-4.4%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

10%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,698,107

Down $78,539 (-4.4%) from 2016

Net Assets

Down

$1,693,942

Down $78,539 (-4.4%) from 2016

Liabilities

Flat

$4,165

Flat from 2016

Revenue

Up

$23,999

Up $2,235 (+10%) from 2016

Expenses

Up

$111,812

Up $20,378 (+22%) from 2016

Net Income

Down

-$87,813

Down $18,143 (-26%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,311,744Liabilities 2011: $3,417Net Assets 2011: $2,308,3272011Assets 2012: $2,248,575Liabilities 2012: $5,582Net Assets 2012: $2,242,9932012Assets 2013: $2,093,642Liabilities 2013: $5,376Net Assets 2013: $2,088,2662013Assets 2014: $1,899,397Liabilities 2014: $4,166Net Assets 2014: $1,895,2312014Assets 2015: $1,819,679Liabilities 2015: $4,166Net Assets 2015: $1,815,5132015Assets 2016: $1,776,646Liabilities 2016: $4,165Net Assets 2016: $1,772,4812016Assets 2017: $1,698,107Liabilities 2017: $4,165Net Assets 2017: $1,693,9422017Assets 2018: $1,636,261Liabilities 2018: $4,166Net Assets 2018: $1,632,0952018Assets 2019: $1,504,640Liabilities 2019: $1,431Net Assets 2019: $1,503,2092019Assets 2020: $1,413,439Liabilities 2020: $1,431Net Assets 2020: $1,412,0082020Assets 2021: $1,367,852Liabilities 2021: $1,431Net Assets 2021: $1,366,4212021Assets 2022: $1,271,571Liabilities 2022: $1,431Net Assets 2022: $1,270,1402022Assets 2023: $1,216,853Liabilities 2023: $1,431Net Assets 2023: $1,215,4222023Assets 2024: $1,178,933Liabilities 2024: $0Net Assets 2024: $1,178,9332024

Highlighted filing

2017

Assets$1,698,107
Liabilities$4,165
Net Assets$1,693,942

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2011: $102,1292011Expenses 2012: $156,7402012Revenue 2013: $10,251Expenses 2013: $107,835Net Income 2013: -$97,5842013Revenue 2014: $24,458Expenses 2014: $248,719Net Income 2014: -$224,2612014Revenue 2015: $25,092Expenses 2015: $93,542Net Income 2015: -$68,4502015Revenue 2016: $21,764Expenses 2016: $91,434Net Income 2016: -$69,6702016Revenue 2017: $23,999Expenses 2017: $111,812Net Income 2017: -$87,8132017Revenue 2018: $21,635Expenses 2018: $83,734Net Income 2018: -$62,0992018Revenue 2019: $16,124Expenses 2019: $86,822Net Income 2019: -$70,6982019Revenue 2020: $24,275Expenses 2020: $70,493Net Income 2020: -$46,2182020Revenue 2021: -$3,261Expenses 2021: $69,127Net Income 2021: -$72,3882021Revenue 2022: $11,866Expenses 2022: $66,480Net Income 2022: -$54,6142022Revenue 2023: $14,295Expenses 2023: $67,003Net Income 2023: -$52,7082023Revenue 2024: $21,833Expenses 2024: $70,313Net Income 2024: -$48,4802024

Highlighted filing

2017

Revenue$23,999
Expenses$111,812
Net Income-$87,813
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 18, 2017
Return Version
2016v3.0
Gross Receipts
$314,139
Mission and Program Overview

Mission

To champion the wright brothers' legacy through preservation, education and awareness, collaboration and partnership, and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,325,919$1,239,314▼ $86,605
Investments in Publicly Traded Securities$441,924$448,371▲ $6,447
Cash and Non-Interest-Bearing Accounts$6,089$7,154▲ $1,065
Inventories for Sale or Use$2,160$2,160→ $0
Prepaid Expenses and Deferred Charges-$325-
Total Assets$1,776,646$1,698,107▼ $78,539
Other Assets Total$554$783▲ $229
Liabilities
Accounts Payable and Accrued Expenses$4,165$4,165→ $0
Total Liabilities$4,165$4,165→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,772,481$1,693,942▼ $78,539
Total Net Assets Fund Balance$1,772,481$1,693,942▼ $78,539
Total Liabilities and Net Assets / Fund Balance$1,776,646$1,698,107▼ $78,539

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,774$1,774
Compensation and Service Providers

Board Members and Trustees

NameTitle
Will PlentlPresident
George HowardBoard Member
Henry IsaacsonBoard Member
John HarrisBoard Member
Robert GentryBoard Member
Amanda Wright-laneAssistant Se
Lisa LoySecretary-tr
Ferg NortonVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$23,999
Other Revenue
$0
Change in Net Assets
$-87,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$53,825
Grants and Similar Amounts Paid$31,000
Other Expenses$26,987
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$35,000$15,000-$50,000
Grants to Domestic Orgs$31,000--$31,000
Fees for Service Investment Mgmnt Fees-$6,192-$6,192
Fees for Services Accounting-$4,400-$4,400
Occupancy-$3,900-$3,900
Payroll Taxes$2,677$1,148-$3,825
Travel-$2,633-$2,633
Fees for Services Legal-$2,214-$2,214
Insurance-$1,441-$1,441
Conferences and Meetings-$686-$686
Office Expenses-$482-$482
Advertising$425--$425
Information Technology-$350-$350
Other Expenses$216$861-$216
All Other Expenses-$17-$17
Total Functional Expenses$71,318$40,494$0$111,812
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nc Museum of HistoryRaleigh, NC-Display Aircraft$31,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's 990 exempt organization tax return is reviewed by the executive director and treasurer prior to filing. Once approved, the executive director authorizies the filing of the return by signature of form 8879.

Form 990, Page 6, Part VI, Line 12C

The organization monitors & enforces compliance with the conflict of interest policy by an annual review performed by the executive committee.

Form 990, Page 6, Part VI, Line 15A

The salary of the executive director is recommended and approved by the organization's board of directors on an annual basis.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statement records are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Flight Foundation
EIN
56-1937133
Phone
2524915165
Address
PO BOX 1858, KITTY HAWK, NC 27949

Signing Officer

Name
Karen Warlitner
Title
Executive Director
Phone
2524915165
Signed
2017-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Warlitner
Formed
1995
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Hutchins Canning & Company Pa
Address
4720 N CROATAN HIGHWAY, KITTY HAWK, NC 27949
Preparer
Kurt D Canning
Phone
2522611040
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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FIRST FLIGHT FOUNDATION (FOUNDATION) IS ORGANIZED AND OPERATED TO CONTINUE RELATIONS WITH SUPPORTERS AND PARTNERS. THE FOUNDATION WORKS TO ATTRACT NEW AND ADDITIONAL PUBLIC AND GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS. THE EXECUTIVE DIRECTOR AND BOARD SOLICIT FUNDS FROM THE GENERAL PUBLIC. THE EXECUTIVE DIRECTOR ACTIVELY SEEKS RELATED GRANT FUNDING. THE FOUNDATION HAS CHARITABLE SOLICITATION LICENSES ACTIVE IN NORTH CAROLINA AND VIRGINIA. THE FOUNDATION PROVIDES SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS. FOLLOWING IS A SUMMARY OF MAJOR EVENTS AND ACCOMPLISHMENTS: THE FOUNDATION HAS PARTNERED WITH THE NATIONAL PARK SERVICE (NPS) AND WRIGHT BROTHERS NATIONAL MEMORIAL (WBNM) SINCE 1995. FORMERLY KNOWN AS THE FIRST FLIGHT CENTENNIAL COMMISSION, THE PRIMARY PURPOSE WAS FUNDRAISING FOR INFRASTRUCTURE AND CAPITAL IMPROVEMENTS AT WBNM AND THE CONSTRUCTION OF A NEW VISITOR CENTER. AS THE FIRST FLIGHT CENTENNIAL FOUNDATION, ITS IMMEDIATE MISSION WAS TO FACILITATE THE COMMEMORATION ON DECEMBER 17, 2003, THE 100TH ANNIVERSARY OF THE FIRST SUSTAINED, POWERED, CONTROLLED FLIGHT. ASIDE FROM COMMEMORATIVE EVENTS, THE FOUNDATION'S PURPOSE AND EFFORTS ARE WORKING WITH THE NPS TO: IMPROVE THE PHYSICAL DEVELOPMENT AND INFRASTRUCTURE AT WBNM TO ENHANCE THE VISITOR EXPERIENCE AND UNDERSTANDING OF THE HISTORY OF THE SITE, FIRST FLIGHT AND THE WRIGHTS. INCREASE PUBLIC AWARENESS AND APPRECIATION OF THE LIVES, CHARACTER, AND ACCOMPLISHMENTS OF WILBUR AND ORVILLE WRIGHT AND THEIR IMPACT ON HUMANKIND THROUGH EDUCATIONAL PROGRAMMING AND EXHIBITS. SUCCESSES: BETWEEN 1996 AND 2003, THE FOUNDATION, THROUGH ITS "RISE TO THE OCCASION" CAMPAIGN, GENERATED FUDNS FOR THE CENTENNIAL CELEBRATION ADN NPS' ONGOING CAPITAL IMPROVEMENT PROJECTS AT WBNM. IN 2007 AND 2008, THE FOUNDATION FUNDED AND MANAGED THE FULL-SCALE RESTORATION OF THE COMMEMORATIVE PYLON/MONUMENT THROUGH A MEMORANDUM OF AGREEMENT WITH THE NPS; THE PROJECT TOTALED 558,490. THIS PROJECT ALLOWED THE PYLON/MONUMENT TO BE OPEN TO THE PUBLIC FOR THE FIRST TIME IN 25 YEARS. AS A RESULT OF THIS WORK, THE FOUNDATION RECEIVED SEVERAL AWARDS AND RECOGNITION. IN 2011, THE FOUNDATION STAGED SOARING 100, THE INTERNATIONAL CENTENNIAL CELEBRATION OF ORVILLE WRIGHT'S 1911 WORLD RECORD GLIDER FLIGHT. THIS AVIATION EVENT DREW OVER 10,000 TO THE OUTER BANKS FOR JOINT PROGRAMS AT WBNM AND JOCKEY'S RIDGE STATE PARK. FOR SOARING 100, THE FOUNDATION PARTNERED WITH THE OUTER BANKS VISITORS BUREAU, NASA, THE FIRST FLIGHT SOCIETY, THE NATIONAL SOARING MUSEUM, THE VINTAGE SAILPLANE ASSOCIATION, THE UNITED STATES HANG GLIDING ASSOCIATION, THE ROGALLO FOUNDATION, THE FOUNDATION FOR FREE FLIGHT, AND THE ACADEMY OF MODEL AERONAUTICS. ADDITIONALLY, THE EVENT SERVED AS A "FAMILY REUNION" FOR THE SOARING COMMUNITY WITHIN THE AVIATION FIELD. SOARING 100 CONTINUED THE LEGACY OF THE WRIGHTS IN AVIATION DEVELOPMENT AND AERONAUTICAL ENGINEERING AND RAISED AWARENESS OF SOARING AS A SPORT AND AVIATION SPECIALTY. THE STATE OF NORTH CAROLINA, THE DARE COUNTY BOARD OF SUPERVIORS, THE TOWN OF NAGS HEAD, AND THE TOWN OF KILL DEVIL HILLS ISSUED PROCLAMATIONS RECOGNIZING OCTOBER 2011 AS SOARING HERITAGE MONTH. THE FOUNDATION'S GOVERNING BOARD REPRESENTS BROAD PUBLIC INTEREST. SEVERAL BOARD MEMBERS HAVE SERVED SINCE THE ORGANIZATION'S INCEPTION WITH AN INFLUX OF TALENT AND EXPERTISE OF DIRECTORS SERVING ON TEH BOARD IN RECENT YEARS. PER THE ORGANIZATION'S BYLAWS, THERE ARE AVAILABLE SEATS ON THE BOARD. THE BOARD SEEKS TO RECRUIT MEMBERS OF DIVERSE BACKGROUNDS INCLUDING NORTH CAROLINA, OHIO AND NATIONAL AVIATORS, AVIATION ORGANIZATIONS AND BUSINESSES, AND AVIATION ENTHUSIASTS TO JOIN THE ORGANIZATION. IN 2012-13, THE FOUNDATION EMBARKED UPON A STRATEGIC PLANNING PROGRAM. IT CONCLUDED THAT ITS MISSION IS TO: CHAMPION THE WRIGHT BROTHERS' LEGACY THROUG INITIATIVES OF PRESERVATION, EDUCATION, ADVOCACY, AND PARTNERSHIP/COLLABORATION. THE FOUNDATION HAS HISTORICALLY WORKED ON THE OUTER BANKS, NC, AND WITH NPS. TH
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S 990 EXEMPT ORGANIZATION TAX RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING. ONCE APPROVED, THE EXECUTIVE DIRECTOR AUTHORIZIES THE FILING OF THE RETURN BY SIGNATURE OF FORM 8879.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS & ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY AN ANNUAL REVIEW PERFORMED BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARY OF THE EXECUTIVE DIRECTOR IS RECOMMENDED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENT RECORDS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KURT D CANNING
ReturnHeader/ReturnTs02017-12-18T17:03:57-05:00
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ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.02$0.07$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.01$0.07$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.01$0.07$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.00$0.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.02$0.07$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.02$0.09$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.63$0.02$0.08$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.69$0.02$0.11$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.77$0.02$0.09$0.07
2015Summary only. Only limited summary data is available for this year.$1.82$0.00$1.82$0.03$0.09$0.07
2014Summary only. Only limited summary data is available for this year.$1.90$0.00$1.90$0.02$0.25$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.01$2.09$0.01$0.11$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.01$2.24$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.00$2.31$0.10