Civic Intelligence

Blade Uam Foundation Inc

990 • Fiscal year 2021 • EIN 85-1528393

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

Organization ProfileWWW.BLADE.COM
55 Hudson Yards 14th FLNew York, NY 10001

(908) 391-4856

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

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

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

Asset Growth

39th percentile

-0.5%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$130,629

Down $602 (-0.5%) from 2020

Net Assets

Down

$120,833

Down $10,398 (-7.9%) from 2020

Liabilities

Up

$9,796

Up $9,796 from 2020

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $224,747 (-100%) from 2020

Expenses

Down

$10,398

Down $83,118 (-89%) from 2020

Net Income

Down

-$10,398

Down $141,629 (-108%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

2021

Assets$130,629
Liabilities$9,796
Net Assets$120,833
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

2021

Revenue$0
Expenses$10,398
Net Income-$10,398
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$0
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$131,231$120,833▼ $10,398
Accounts Receivable$65,625$65,625→ $0
Cash and Non-Interest-Bearing Accounts$65,606$65,004▼ $602
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$131,231$130,629▼ $602
Liabilities
Accounts Payable and Accrued Expenses-$9,796-
Total Liabilities$0$9,796▲ $9,796
Net Assets / Fund Balance
Total Net Assets Fund Balance$131,231$120,833▼ $10,398
Total Liabilities and Net Assets / Fund Balance$131,231$130,629▼ $602
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Melissa TomkielDirector
Rob WiesenthalDirector
Amir CohenCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-10,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,398
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
Fees for Services Accounting-$9,796-$9,796
Other Expenses-$602-$602
Total Functional Expenses$0$10,398$0$10,398
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
55 HUDSON YARDS 14TH FL, NEW YORK, NY 10001

Signing Officer

Name
Amir Cohen
Title
CFO
Phone
9083914856
Signed
2022-11-10
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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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.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$130,629
Liabilities
$9,796
Net assets
$120,833
Revenue
$0
Expenses
$10,398
Net income
-$10,398
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
2021Detailed filing. Detailed filing data is available for this year.$1.31$0.10$1.21$0.00$0.10$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$2.25$0.94$1.31