Civic Intelligence

Blade Uam Foundation Inc

990 • Fiscal year 2020 • EIN 85-1528393

Jun 04, 2020 to Dec 31, 2020 • Filed on Dec 01, 2021

Organization ProfileWWW.BLADE.COM
499 East 34th StreetNew York, NY 10016

(908) 391-4856

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

91st percentile

58%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$131,231

No earlier filing loaded for comparison.

Net Assets

$131,231

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin91st percentile

Revenue

$224,747

No earlier filing loaded for comparison.

Expenses

$93,516

No earlier filing loaded for comparison.

Net Income

$131,231

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0Assets 2020: $131,231Liabilities 2020: $0Net Assets 2020: $131,2312020Assets 2021: $130,629Liabilities 2021: $9,796Net Assets 2021: $120,8332021Assets 2022: $54,633Liabilities 2022: $49,975Net Assets 2022: $4,6582022

Highlighted filing

2020

Assets$131,231
Liabilities$0
Net Assets$131,231
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100K-$200KRevenue 2020: $224,747Expenses 2020: $93,516Net Income 2020: $131,2312020Revenue 2021: $0Expenses 2021: $10,398Net Income 2021: -$10,3982021Revenue 2022: $0Expenses 2022: $116,175Net Income 2022: -$116,1752022

Highlighted filing

2020

Revenue$224,747
Expenses$93,516
Net Income$131,231
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 4, 2020 to Dec 31, 2020
Signed
Dec 1, 2021
Return Version
2020v4.1
Gross Receipts
$224,747
Mission and Program Overview

Mission

The foundation was formed to engage in charitable and philanthropic activities in the markets blade urban air mobility inc. Services. This includes drive-in events for local food banks, and will potentially include other events or activities throughout future years.

See part 3the foundation's specific objectives and purposes are to organize fundraising events for the purpose of making grants to various local organizations in need in communities throughout the country.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$131,231▲ $131,231
Accounts Receivable-$65,625-
Cash and Non-Interest-Bearing Accounts-$65,606-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$131,231▲ $131,231
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$131,231▲ $131,231
Total Liabilities and Net Assets / Fund Balance$0$131,231▲ $131,231
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Melissa TomkielDirector
Rob WiesenthalDirector
Amir CohenCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$224,747
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$131,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,516
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$15,000--$15,000
Travel$11,172--$11,172
Fees for Services Legal$1,762--$1,762
Insurance-$381-$381
Other Expenses$210$306-$210
Total Functional Expenses$83,568$9,948$0$93,516
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Heart of the HamptonsSouthampton, NY501(c)(3)Charitable$15,000
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
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 B, Line 11B

“The foundation's cfo, amir cohen, reviews a copy of form 990 and approves the filing based on the information reporting the events that occured during the tax year.”

Form 990, Part VI, Section C, Line 19

“Blade urban air mobility foundation is in compliance under section 501(c)(3) making its governing documents and financial statements available to the public via the organization's website.”

Filing and Contact Details

Filer

Filer Name
Blade Uam Foundation Inc
EIN
85-1528393
Phone
9083914856
Address
499 EAST 34TH STREET, NEW YORK, NY 10016

Signing Officer

Name
Amir Cohen
Title
CFO
Phone
9083914856
Signed
2021-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amir Cohen
Formed
2020
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Eisner Advisory Group LLC
Address
733 THIRD AVENUE, NEW YORK, NY 10017-2703
Preparer
Michael Hadjiloucas
Phone
2129498700
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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/ActivityOrMissionDesc0SEE PART 3THE FOUNDATION'S SPECIFIC OBJECTIVES AND PURPOSES ARE TO ORGANIZE FUNDRAISING EVENTS FOR THE PURPOSE OF MAKING GRANTS TO VARIOUS LOCAL ORGANIZATIONS IN NEED IN COMMUNITIES THROUGHOUT THE COUNTRY.
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IRS990/Desc0BLADE UAM FOUNDATION, INC. (BLADE) ORGANIZED A CHARITABLE DRIVE-IN MOVIE SHOWING IN EAST HAMPTON, NY. FUNDS WERE RAISED FROM SPONSORING CORPORATE PARTNERS, AS WELL AS BY SELLING ADMISSION TICKETS AND PACKAGES. THE ACTIVITY WAS FUNDED BY CORPORATE SPONSOR DONATIONS, WHICH ALLOWED BLADE TO RENT MOVIE EQUIPMENT AND THE NECESSARY OPERATING STAFF FROM THIRD PARTIES. VOLUNTEERS WERE THEN USED TO RUN TICKET SALES AND HANDLE THE LOGISTICS OF PARKING CARS. 100% OF BLADE'S EXPENSES WERE CONNECTED TO THIS ACTIVITY. THIS ACTIVITY FURTHERS BLADE'S TAX EXEMPT PURPOSE BECAUSE THE NET PROCEEDS FROM THE EVENT WERE THEN DISTRIBUTED TO A LOCAL EAST HAMPTON CHARITABLE ORGANIZATION, HEART OF THE HAMPTONS, THAT WAS IN NEED OF ASSISTANCE DUE TO THE IMPACT OF COVID19 ON THE LOCAL COMMUNITY. THE JUNE 2020 DRIVE-IN MOVIE EVENT WAS BLADE'S FIRST ACTIVITY. APPROXIMATELY 95% OF THE TOTAL TIME ALLOCATED TO THE CHARITY WAS FOCUSED ON THE DRIVE-IN MOVIE EVENT. BLADE PLANS ON ORGANIZING SIMILAR EVENTS IN THE FUTURE, PENDING GOVERNMENT GUIDANCE ON SAFETY MEASURES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S CFO, AMIR COHEN, REVIEWS A COPY OF FORM 990 AND APPROVES THE FILING BASED ON THE INFORMATION REPORTING THE EVENTS THAT OCCURED DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BLADE URBAN AIR MOBILITY FOUNDATION IS IN COMPLIANCE UNDER SECTION 501(C)(3) MAKING ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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ReturnHeader/TaxPeriodBeginDt02020-06-04
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$131,231
Liabilities
$0
Net assets
$131,231
Revenue
$224,747
Expenses
$93,516
Net income
$131,231
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.50$0.05$0.00$1.16$1.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.10$1.21$0.00$0.10$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$2.25$0.94$1.31