Civic Intelligence

Masterflight Foundation

990 • Fiscal year 2021 • EIN 74-3210810

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileMasterflightfoundation.org
6000 IL Rt 173Richmond, IL 60071

(202) 360-7603

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$859

Down $192,385 (-100%) from 2020

Net Assets

Down

$859

Down $192,385 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $36,081,852 (-100%) from 2020

Expenses

Down

$342

Down $36,081,311 (-100%) from 2020

Net Income

Down

-$342

Down $541 (-272%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$300K$200K$100K$0Assets 2011: $153,349Liabilities 2011: $0Net Assets 2011: $153,3492011Assets 2012: $141,719Liabilities 2012: $0Net Assets 2012: $141,7192012Assets 2013: $149,950Liabilities 2013: $0Net Assets 2013: $149,9502013Assets 2014: $205,481Liabilities 2014: $0Net Assets 2014: $205,4812014Assets 2015: $218,205Liabilities 2015: $0Net Assets 2015: $218,2052015Assets 2016: $192,485Liabilities 2016: $0Net Assets 2016: $192,4852016Assets 2017: $197,668Liabilities 2017: $0Net Assets 2017: $197,6682017Assets 2018: $193,752Liabilities 2018: $0Net Assets 2018: $193,7522018Assets 2019: $193,043Liabilities 2019: $0Net Assets 2019: $193,0432019Assets 2020: $193,244Liabilities 2020: $0Net Assets 2020: $193,2442020Assets 2021: $859Liabilities 2021: $0Net Assets 2021: $8592021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$859
Liabilities$0
Net Assets$859
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $17,444,965Expenses 2011: $17,424,962Net Income 2011: $20,0032011Revenue 2012: $17,628,965Expenses 2012: $17,623,241Net Income 2012: $5,7242012Revenue 2013: $23,316,473Expenses 2013: $23,308,242Net Income 2013: $8,2312013Revenue 2014: $23,377,025Expenses 2014: $23,321,494Net Income 2014: $55,5312014Revenue 2015: $32,532,102Expenses 2015: $32,520,384Net Income 2015: $11,7182015Revenue 2016: $32,378,671Expenses 2016: $32,396,993Net Income 2016: -$18,3222016Revenue 2017: $30,281,213Expenses 2017: $30,262,017Net Income 2017: $19,1962017Revenue 2018: $34,476,851Expenses 2018: $36,086,018Net Income 2018: -$1,609,1672018Revenue 2019: $36,083,117Expenses 2019: $36,083,826Net Income 2019: -$7092019Revenue 2020: $36,081,852Expenses 2020: $36,081,653Net Income 2020: $1992020Revenue 2021: $0Expenses 2021: $342Net Income 2021: -$3422021Revenue 2022: $0Expenses 2022: $859Net Income 2022: -$8592022

Highlighted filing

2021

Revenue$0
Expenses$342
Net Income-$342
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

Masterflight Foundation helps to ensure positive role models from diverse populations and economic backgrounds that will inspire young people to achieve their full potential. Our goal is to make a difference in the aerospace industry, including STEM fields, by increasing access to the field for young people, specifically women and people of color. Masterflight Foundation assists organizations in the recruitment, hiring, development, and retention of diverse talent and positively impacts the bottom line.

Help ensure the creation of positive role models from diverse populations and economic backgrounds that will inspire young men and women to achieve their full potential. The goal is to make a difference in the aerospace industry, including STEM fields, by increasing access to the field for young men and women, especially people of color. Assist organizations in the recruitment, hiring, development, and retention of diverse talent and positively impact the bottom line.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$192,048$0▼ $192,048
Cash and Non-Interest-Bearing Accounts$1,196$859▼ $337
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$193,244$859▼ $192,385
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$193,244$859▼ $192,385
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$193,244$859▼ $192,385
Total Liabilities and Net Assets / Fund Balance$193,244$859▼ $192,385
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mark LevinBoard President
Linda GardingSecretary
Guadalupe LopezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$342$0$0$342
Total Functional Expenses$342$0$0$342
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Mark Levin and Guadalupe Lopez are married”

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

“The 990 is mailed to all Board members for their review”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Masterflight Foundation
EIN
74-3210810
Phone
2023607603
Address
6000 IL Rt 173, Richmond, IL 60071

Signing Officer

Name
Guadalupe Lopez
Title
Treasurer
Phone
2023607603
Signed
2022-11-14

Organization Details

Formed
2006
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The organization is closing in 2022 and therefore is sunsetting most of the programs in 2021.”

Form 990, Part XI, Line 9

“A pledge of $192,043 was canceled due to plans to close the organization in 2022, so our assets went down by that amount.”

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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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IRS990/ActivityOrMissionDesc0Help ensure the creation of positive role models from diverse populations and economic backgrounds that will inspire young men and women to achieve their full potential. The goal is to make a difference in the aerospace industry, including STEM fields, by increasing access to the field for young men and women, especially people of color. Assist organizations in the recruitment, hiring, development, and retention of diverse talent and positively impact the bottom line.
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IRS990/Desc0Masterflight Foundation's campaign to end structural racism, sexism, misogyny, homophobia, and transphobia in the Aerospace, Defence, and STEM workforce and academia will impact policies and promote best practices at the top 1000 universities and the top 500 STEM organizations to dismantle this structural phenomenon.
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IRS990/MissionDesc0Masterflight Foundation helps to ensure positive role models from diverse populations and economic backgrounds that will inspire young people to achieve their full potential. Our goal is to make a difference in the aerospace industry, including STEM fields, by increasing access to the field for young people, specifically women and people of color. Masterflight Foundation assists organizations in the recruitment, hiring, development, and retention of diverse talent and positively impacts the bottom line.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Masterflight Foundation assists new and established organizations to succeed in achieving their missions. Masterflight Foundation consulting services include corporate governance, strategic planning, organizational development, technical assistance, diversity-equity-and-inclusion, fundraising, program design, operations. communications, and public policy.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Implement the Aerospace Education STEM Operations Program (AESOP), including the Satellite Tool Kit (STK) application for tracking the International Space Station (ISS). We facilitate community service projects that bring hands-on aerospace education activities to primary and secondary school students.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is closing in 2022 and therefore is sunsetting most of the programs in 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Mark Levin and Guadalupe Lopez are married
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 is mailed to all Board members for their review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A pledge of $192,043 was canceled due to plans to close the organization in 2022, so our assets went down by that amount.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
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IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0193244
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0859
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06000 IL Route 173
IRS990/USAddress/CityNm0Richmond
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060071
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0Masterflightfoundation.org
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0The organization received an automatic 6-month extension. Form 8868 was mailed to IRS on May 9, 2022. This filing is being done on time.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Guadalupe Lopez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02023607603
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASTERFLIGHT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MAST
ReturnHeader/Filer/EIN0743210810
ReturnHeader/Filer/PhoneNum02023607603
ReturnHeader/Filer/USAddress/AddressLine1Txt06000 IL Rt 173
ReturnHeader/Filer/USAddress/CityNm0Richmond
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060071
ReturnHeader/ReturnTs02022-11-14T16:28:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$859
Liabilities
$0
Net assets
$859
Revenue
$0
Expenses
$342
Net income
-$342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$36.1$36.1$0.00
2019Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$36.1$36.1$0.00
2018Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$34.5$36.1$1.61
2017Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$30.3$30.3$0.02
2016Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$32.4$32.4$0.02
2015Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$32.5$32.5$0.01
2014Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$23.4$23.3$0.06
2013Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$23.3$23.3$0.01
2012Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$17.6$17.6$0.01
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$17.4$17.4$0.02