Civic Intelligence

Red Tail Scholarship Foundation

990 • Fiscal year 2020 • EIN 82-0797944

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileREDTAILSCHOLARSHIPFOUNDATION.ORG
PO Box 3922Montgomery, AL 36109

(334) 721-3591

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

656%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

23469%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$712,017

Up $617,890 (+656%) from 2019

Net Assets

Up

$712,017

Up $617,890 (+656%) from 2019

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin90th percentile

Revenue

Up

$1,206,734

Up $1,201,614 (+23469%) from 2019

Expenses

Up

$588,844

Up $583,166 (+10271%) from 2019

Net Income

Up

$617,890

Up $618,448 (+110833%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$1.0M$500K$0Assets 2018: $94,685Net Assets 2018: $94,6852018Assets 2019: $94,127Net Assets 2019: $94,1272019Assets 2020: $712,017Liabilities 2020: $0Net Assets 2020: $712,0172020Assets 2021: $852,690Liabilities 2021: $0Net Assets 2021: $852,6902021Assets 2022: $906,295Liabilities 2022: $21,169Net Assets 2022: $885,1262022Assets 2023: $890,475Liabilities 2023: $18,345Net Assets 2023: $872,1302023Assets 2024: $943,785Liabilities 2024: $85,468Net Assets 2024: $858,3172024

Highlighted filing

2020

Assets$712,017
Liabilities$0
Net Assets$712,017
Open 2020 Filing

Operations Trend

Revenue Growth100th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $146,364Expenses 2018: $64,069Net Income 2018: $82,2952018Revenue 2019: $5,120Expenses 2019: $5,678Net Income 2019: -$5582019Revenue 2020: $1,206,734Expenses 2020: $588,844Net Income 2020: $617,8902020Revenue 2021: $659,494Expenses 2021: $518,821Net Income 2021: $140,6732021Revenue 2022: $774,153Expenses 2022: $741,717Net Income 2022: $32,4362022Revenue 2023: $963,028Expenses 2023: $976,024Net Income 2023: -$12,9962023Revenue 2024: $862,571Expenses 2024: $876,384Net Income 2024: -$13,8132024

Highlighted filing

2020

Revenue$1,206,734
Expenses$588,844
Net Income$617,890
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,206,734
Mission and Program Overview

Mission

The red tail scholarship foundation is a non-profit organization commited to the career development of african american high school and college students in the aviation industry. We provide mentorship and resources to aspiring future avaition professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$677,839-
Cash and Non-Interest-Bearing Accounts$94,127$34,178▼ $59,949
Total Assets$94,127$712,017▲ $617,890
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,127$712,017▲ $617,890
Total Net Assets Fund Balance$94,127$712,017▲ $617,890
Total Liabilities and Net Assets / Fund Balance$94,127$712,017▲ $617,890

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$421,214$26,786$448,000
Buildings$256,625$6,986$263,611
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Richard PeaceCo-chairman
Will SparrowCo-chairman
Sid ClarkeBoard Member
Kimberly BakerDirector of Infor
Hammond CobbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,187,737
Program Service Revenue
$18,846
Investment Income
$151
Other Revenue
$0
All Other Contributions
$1,187,737
Change in Net Assets
$617,890

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Boats and Planes1$448,000
Other Non Cash Contri Table1$340,536
Real Estate Commercial1$263,611
Total Noncash Contributions3$1,052,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$588,844
Total Fundraising Expense$6,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$280,624--$280,624
Office Expenses$12,872$16,633$6,247$35,752
Depreciation Depletion$28,775--$28,775
Other Expenses$17,649--$17,649
All Other Expenses$12,541$3,524-$16,065
Fees for Services Accounting-$13,800-$13,800
Advertising$10,642--$10,642
Occupancy$4,589--$4,589
Fees for Services Legal-$3,235-$3,235
Insurance$1,929--$1,929
Travel-$1,158-$1,158
Conferences and Meetings-$566-$566
Total Functional Expenses$543,681$38,916$6,247$588,844
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
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Red Tail Scholarship Foundation
EIN
82-0797944
Phone
3347213591
Address
PO BOX 3922, MONTGOMERY, AL 36109

Signing Officer

Name
Hammond Cobb
Title
Treasurer
Phone
3347213591
Signed
2021-11-15

Organization Details

Principal Officer
Hammond Cobb
Formed
2017
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Mst Cpas & Advisors LLC
Address
PO BOX 807, MONTGOMERY, AL 36101-0807
Preparer
W Michael Shaw CPA
Phone
8446782727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The red tail scholarship foundation is a non-profit organization commited to the career development of african american high school and college students in the aviation industry. We provide mentorship and resources to aspiring future avaition professionals.”

Form 990, Part IX, Line 11G

“INSTRUCTORS 280,624 0 0”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RED TAIL SCHOLARSHIP FOUNDATION IS A NON-PROFIT ORGANIZATION COMMITED TO THE CAREER DEVELOPMENT OF AFRICAN AMERICAN HIGH SCHOOL AND COLLEGE STUDENTS IN THE AVIATION INDUSTRY. WE PROVIDE MENTORSHIP AND RESOURCES TO ASPIRING FUTURE AVAITION PROFESSIONALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSTRUCTORS 280,624 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/TravelGrp/ManagementAndGeneralAmt01158
IRS990/TravelGrp/TotalAmt01158
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3922
IRS990/USAddress/CityNm0MONTGOMERY
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036109
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0REDTAILSCHOLARSHIPFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0HAMMOND COBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03347213591
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RED TAIL SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0REDT
ReturnHeader/Filer/EIN0820797944
ReturnHeader/Filer/PhoneNum03347213591
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3922
ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036109
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472183161
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MST CPAS & ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 807
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTGOMERY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0361010807
ReturnHeader/PreparerPersonGrp/PhoneNum08446782727
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W MICHAEL SHAW CPA
ReturnHeader/ReturnTs02021-11-15T14:51:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HAMMOND
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COBB
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$712,017
Liabilities
$0
Net assets
$712,017
Revenue
$1,206,734
Expenses
$588,844
Net income
$617,890
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.94$0.09$0.86$0.86$0.88$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$0.96$0.98$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.89$0.77$0.74$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.66$0.52$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.21$0.59$0.62
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.01$0.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.15$0.06$0.08