Civic Intelligence

Tuskegee Airmen Scholarship Foundation

EIN 87-0731160 • 501(c)3 • Los Angeles, CA

Profile

The mission of the tuskegee airmen scholarship foundation (tasf) is to honor the legacy of the tuskegee airmen by providing motivation, access and scholarships to assist financially and academically deserving students in pursuit of their college education.

P O Box 881780Los Angeles, CA 90009

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.40x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

14th percentile

-21%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$114,109

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 56.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

27%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,009,107

Up $374,267 (+14%) from 2023

Liabilities

Down

$80,523

Down $6,576 (-7.6%) from 2023

Net Assets

Up

$2,928,584

Up $380,843 (+15%) from 2023

Revenue

Up

$202,390

Up $42,974 (+27%) from 2023

Expenses

Down

$244,403

Down $1,992 (-0.8%) from 2023

Net Income

Up

-$42,013

Up $44,966 (+52%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,998,964Liabilities 2011: $7,541Net Assets 2011: $1,991,4232011Assets 2012: $2,166,535Liabilities 2012: $7,119Net Assets 2012: $2,159,4162012Assets 2013: $2,315,805Liabilities 2013: $0Net Assets 2013: $2,315,8052013Assets 2014: $2,354,972Liabilities 2014: $13,500Net Assets 2014: $2,341,4722014Assets 2015: $2,163,117Liabilities 2015: $23,636Net Assets 2015: $2,139,4812015Assets 2016: $2,180,487Liabilities 2016: $27,829Net Assets 2016: $2,152,6582016Assets 2017: $2,691,984Liabilities 2017: $24,429Net Assets 2017: $2,667,5552017Assets 2018: $2,211,299Liabilities 2018: $30,379Net Assets 2018: $2,180,9202018Assets 2019: $2,540,080Liabilities 2019: $27,429Net Assets 2019: $2,512,6512019Assets 2020: $2,833,178Liabilities 2020: $29,429Net Assets 2020: $2,803,7492020Assets 2021: $3,109,178Liabilities 2021: $84,517Net Assets 2021: $3,024,6612021Assets 2022: $2,366,018Liabilities 2022: $80,480Net Assets 2022: $2,285,5382022Assets 2023: $2,634,840Liabilities 2023: $87,099Net Assets 2023: $2,547,7412023Assets 2024: $3,009,107Liabilities 2024: $80,523Net Assets 2024: $2,928,5842024

Highlighted filing

2024

Assets$3,009,107
Liabilities$80,523
Net Assets$2,928,584

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2011: $126,0912011Expenses 2012: $126,1022012Revenue 2013: $109,502Expenses 2013: $117,045Net Income 2013: -$7,5432013Revenue 2014: $164,516Expenses 2014: $104,241Net Income 2014: $60,2752014Revenue 2015: $72,048Expenses 2015: $178,409Net Income 2015: -$106,3612015Revenue 2016: $96,512Expenses 2016: $240,849Net Income 2016: -$144,3372016Revenue 2017: $255,049Expenses 2017: $236,290Net Income 2017: $18,7592017Revenue 2018: $246,711Expenses 2018: $231,646Net Income 2018: $15,0652018Revenue 2019: $213,105Expenses 2019: $230,971Net Income 2019: -$17,8662019Revenue 2020: $137,772Expenses 2020: $225,313Net Income 2020: -$87,5412020Revenue 2021: $346,070Expenses 2021: $232,866Net Income 2021: $113,2042021Revenue 2022: $140,404Expenses 2022: $285,265Net Income 2022: -$144,8612022Revenue 2023: $159,416Expenses 2023: $246,395Net Income 2023: -$86,9792023Revenue 2024: $202,390Expenses 2024: $244,403Net Income 2024: -$42,0132024

Highlighted filing

2024

Revenue$202,390
Expenses$244,403
Net Income-$42,013

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$0.08$2.93$0.20$0.24$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.63$0.09$2.55$0.16$0.25$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.08$2.29$0.14$0.29$0.14
2021Detailed filing. Detailed filing data is available for this year.$3.11$0.08$3.02$0.35$0.23$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.83$0.03$2.80$0.14$0.23$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.54$0.03$2.51$0.21$0.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.21$0.03$2.18$0.25$0.23$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.69$0.02$2.67$0.26$0.24$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.18$0.03$2.15$0.10$0.24$0.14
2015Detailed filing. Detailed filing data is available for this year.$2.16$0.02$2.14$0.07$0.18$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.01$2.34$0.16$0.10$0.06
2013Summary only. Only limited summary data is available for this year.$2.32$0.00$2.32$0.11$0.12$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.01$2.16$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.01$1.99$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 21, 2025
Return Version
2024v5.2
Gross Receipts
$996,640
Mission and Program Overview

Mission

The organization is dedicated to encouraging and supporting youth in pursuing higher education preferably in science, technology, engineering and mathematics

The mission of the tuskegee airmen scholarship foundation (tasf) is to honor the legacy of the tuskegee airmen by providing motivation, access and scholarships to assist financially and academically deserving students in pursuit of their college education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,598,229$2,962,080▲ $363,851
Cash and Non-Interest-Bearing Accounts$36,611$47,027▲ $10,416
Total Assets$2,634,840$3,009,107▲ $374,267
Liabilities
Accounts Payable and Accrued Expenses$60,099$60,023▼ $76
Grants Payable$27,000$20,500▼ $6,500
Total Liabilities$87,099$80,523▼ $6,576
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,547,741$2,928,584▲ $380,843
Total Net Assets Fund Balance$2,547,741$2,928,584▲ $380,843
Total Liabilities and Net Assets / Fund Balance$2,634,840$3,009,107▲ $374,267
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward H Grice IiiExecutive DirectorFT$85,000$29,109$114,109

Board Members and Trustees

NameTitle
Charles D JonesChairman
Linda Sunnye SimpsonVice Presidentresources
LEON BUTLER JrDirector
Lisa BrattonDirector
Paul HudsonDirector
Roy B Swygert JrDirector
Sheila ChamberlainDirector
Willie F JonesDirector
Bridget M M TuckerChief Financial Officer
Errol I I LewisSecretary
LOWELL STEWARD JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,826
Program Service Revenue
$0
Investment Income
$100,564
Other Revenue
$0
All Other Contributions
$92,410
Change in Net Assets
$-42,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$202,390
Revenue Not Reported on Form 990
$422,856
Total Revenue per Audited Statements
$625,246
Total Revenue per Form 990
$202,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$120,612
Grants and Similar Amounts Paid$75,500
Other Expenses$48,291
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$88,560$25,549-$114,109
Grants to Domestic Individuals$75,500--$75,500
Fees for Service Investment Mgmnt Fees$22,580--$22,580
Fees for Services Accounting-$15,000-$15,000
Payroll Taxes$5,047$1,456-$6,503
Advertising-$4,665-$4,665
Insurance$4,102--$4,102
Office Expenses$500--$500
Other Expenses$166--$166
Total Functional Expenses$197,733$46,670$0$244,403

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$244,403
Total Expenses per Audited Statements$244,403
Total Expenses per Form 990$244,403
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
X----
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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

Governing body decisions Part VI line 7B

All decisions are underaken after a majority vote of members. The vote is only done when there is quorum.

Governing body meeting documentation Part VI line 8A

All official meetings are recorded by the secretary to the board.

Committee meeting documentation Part VI line 8B

All committee meeting are documented via reports that are produced by such committees.

Form 990 governing body review Part VI line 11

A finalized draft of form 990 is made available to the governing body for review before filing

Conflict of interest policy compliance Part VI line 12C

There is no conflict of interest policy compliance.

CEO executive director top management comp Part VI line 15A

The board through a search committee hires the ceo, executive director or top management.

Other officer or key employee compensation Part VI line 15B

There are no other employees

Form 990 availability to public Part VI line 18

Upon written request a copy of form 990 is provided to the public

Governing documents etc available to public Part VI line 19

Upon written request governing documents are made avialable to the public

Filing and Contact Details

Filer

Filer Name
Tuskegee Airmen Scholarship Foundation
EIN
87-0731160
In Care Of
% CHARLES JONES
Phone
3103518112
Address
P O BOX 881780, LOS ANGELES, CA 90009

Signing Officer

Name
Charles Jones
Title
Chairman
Phone
3103518112
Signed
2025-11-21
Discuss with paid preparer
No

Organization Details

Formed
2004
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
1

Preparer

Firm
Frederick D Mataya CPA
Address
5400 S HARCOURT AVENUE, LOS ANGELES, CA 90043
Preparer
Frederick D Mataya CPA
Phone
3232954405
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

NONE

Part III response or note to any other line in Part III

The foundation successfully processed 64 student applications, paying or allocating total grants of $75,500 directly or in conjuction with insitutions to 40 students for the year 2024 from 17 of the 52 jurisdictions award distribution by state nevada 3 virginia 6 texas 2 california 6 new york 2 alabama 1 massachusetts 2 oklahoma 1 north carolina 1 maryland 1 missouri 7 illinois 2

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IRS990/MissionDesc0THE MISSION OF THE TUSKEGEE AIRMEN SCHOLARSHIP FOUNDATION (TASF) IS TO HONOR THE LEGACY OF THE TUSKEGEE AIRMEN BY PROVIDING MOTIVATION, ACCESS AND SCHOLARSHIPS TO ASSIST FINANCIALLY AND ACADEMICALLY DESERVING STUDENTS IN PURSUIT OF THEIR COLLEGE EDUCATION.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIP AID TO HIGH SCHOOL STUDENTS IN THE USA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THERE WAS NO RECEPIENT WHO RECIIVED MORE THAN $5,0000.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0General Explanation Attachment
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL DECISIONS ARE UNDERAKEN AFTER A MAJORITY VOTE OF MEMBERS. THE VOTE IS ONLY DONE WHEN THERE IS QUORUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICIAL MEETINGS ARE RECORDED BY THE SECRETARY TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMMITTEE MEETING ARE DOCUMENTED VIA REPORTS THAT ARE PRODUCED BY SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A FINALIZED DRAFT OF FORM 990 IS MADE AVAILABLE TO THE GOVERNING BODY FOR REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE IS NO CONFLICT OF INTEREST POLICY COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD THROUGH A SEARCH COMMITTEE HIRES THE CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE ARE NO OTHER EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON WRITTEN REQUEST A COPY OF FORM 990 IS PROVIDED TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UPON WRITTEN REQUEST GOVERNING DOCUMENTS ARE MADE AVIALABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE FOUNDATION SUCCESSFULLY PROCESSED 64 STUDENT APPLICATIONS, PAYING OR ALLOCATING TOTAL GRANTS OF $75,500 DIRECTLY OR IN CONJUCTION WITH INSITUTIONS TO 40 STUDENTS FOR THE YEAR 2024 FROM 17 OF THE 52 JURISDICTIONS AWARD DISTRIBUTION BY STATE NEVADA 3 VIRGINIA 6 TEXAS 2 CALIFORNIA 6 NEW YORK 2 ALABAMA 1 MASSACHUSETTS 2 OKLAHOMA 1 NORTH CAROLINA 1 MARYLAND 1 MISSOURI 7 ILLINOIS 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part III response or note to any other line in Part III
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03103518112
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TUSKEGEE AIRMEN SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TUSK
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ReturnHeader/Filer/InCareOfNm0% CHARLES JONES
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ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 881780
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA

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