Civic Intelligence

ILM Aerospace Foundation Inc

EIN 99-1274952 • 501(c)3 • Wilmington, NC

Profile

To facilitate aviation education.

230 Government Center Dr Ste 125 1Wilmington, NC 28403

www.flyilm.com/foundation

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

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

NTEE B99 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

65th percentile

0.00x

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

NTEE B99 • <$500k nonprofits • Source year 2025

Net Margin

86th percentile

55%

Higher net margin than 86% of similar nonprofits.

NTEE B99 • <$500k nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

NTEE B99 • <$500k nonprofits • Source year 2025

Asset Growth

70th percentile

18%

Faster asset growth than 70% of similar nonprofits.

NTEE B99 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-68%

Faster revenue growth than 10% of similar nonprofits.

NTEE B99 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$133,233

Up $20,612 (+18%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$133,233

Up $20,612 (+18%) from 2024

Operations
Liabilities / Revenue65th percentileNet Margin86th percentile

Revenue

Down

$37,259

Down $77,552 (-68%) from 2024

Expenses

Up

$16,647

Up $14,457 (+660%) from 2024

Net Income

Down

$20,612

Down $92,009 (-82%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$150K$100K$50K$0Assets 2024: $112,621Liabilities 2024: $0Net Assets 2024: $112,6212024Assets 2025: $133,233Liabilities 2025: $0Net Assets 2025: $133,2332025

Highlighted filing

2025

Assets$133,233
Liabilities$0
Net Assets$133,233
Open 2025 Filing

Operations Trend

Revenue Growth10th percentile

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

$150K$100K$50K$0Revenue 2024: $114,811Expenses 2024: $2,190Net Income 2024: $112,6212024Revenue 2025: $37,259Expenses 2025: $16,647Net Income 2025: $20,6122025

Highlighted filing

2025

Revenue$37,259
Expenses$16,647
Net Income$20,612
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$133,233
Liabilities
$0
Net assets
$133,233
Revenue
$37,259
Expenses
$16,647
Net income
$20,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.37$0.17$0.21
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.00$1.13$1.15$0.02$1.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$46,873
Mission and Program Overview

Mission

To facilitate aviation education

To facilitate aviation education.

Program Services

DescriptionGrantsExpenses
Cape Fear General Aviation Day is an annual event at held at Wilmington International Airport. Pilots, mechanics, air traffic controllers and aviations enthusiasts enjoy networking, educational presentations, and static displays.$0$5,820
To educate and to promote aerospace, general aviation and aviation-related employment, and education, for residents of the ILM Airport service area, particularly New Hanover, Pender and Brunswick Counties, with a focus on youth.$0$2,198
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William CherryChairman-$0--
Lee WilliamsVice Chairman-$0--
Mary Margaret McEachernSecretary-$0--
Thomas BarberTreasurer-$0--
Thomas WolfeDirector-$0--
Tom KreamerDirector-$0--
Tom GoodwinDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auctions$15,569$5,955-$5,955
Total Events$15,569$5,955$9,614$-3,659
Filing and Contact Details

Filer

Filer Name
ILM Aerospace Foundation Inc
EIN
99-1274952
Phone
9103414333
Address
230 Government Center Dr Ste 125 1, Wilmington, NC 28403

Signing Officer

Name
William Cherry
Title
Chairman
Phone
9103414333
Signed
2025-11-05
Discuss with paid preparer
Yes

Preparer

Firm
EARNEY Accountants & Advisors PLLC
Address
700 Military Cutoff Road Suite 250, Wilmington, NC 28405
Preparer
Joel French CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: Interest Income. Amount: 2,924.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Bank Fees. Amount: 204. Description: Website . Amount: 1,250. Description: Aviation Day Expenses. Amount: 5,820. Description: Supplies. Amount: 1,298. Total to Form 990-EZ, line 16: 8,572.”

Raw XML Appendix180 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum09103414333
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Wilmington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028405
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0112621
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0William Cherry
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lee Williams
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Mary Margaret McEachern
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Thomas Barber
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Thomas Wolfe
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Tom Kreamer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Tom Goodwin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt08572
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To facilitate aviation education.
IRS990EZ/PrintingPublicationsPostageAmt0900
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0To educate and to promote aerospace, general aviation and aviation-related employment, and education, for residents of the ILM Airport service area, particularly New Hanover, Pender and Brunswick Counties, with a focus on youth.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Cape Fear General Aviation Day is an annual event at held at Wilmington International Airport. Pilots, mechanics, air traffic controllers and aviations enthusiasts enjoy networking, educational presentations, and static displays.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02198
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt15820
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SpecialEventsNetIncomeLossAmt0-3659
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt016647
IRS990EZ/TotalProgramServiceExpensesAmt08018
IRS990EZ/TotalRevenueAmt037259
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.FlyILM.com/foundation
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt037994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0114811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0152805
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02924
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02924
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05955
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt034650
IRS990ScheduleA/SubstantialContributorsTotAmt0118155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt037994
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0114811
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0152805
IRS990ScheduleA/TotalSupportAmt0155729
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt09614
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt09614
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09614
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Silent Auctions
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015569
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015569
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt05955
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05955
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3659
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt09614
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt09614
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest Income. Amount: 2,924.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Bank Fees. Amount: 204. Description: Website . Amount: 1,250. Description: Aviation Day Expenses. Amount: 5,820. Description: Supplies. Amount: 1,298. Total to Form 990-EZ, line 16: 8,572.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0William Cherry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum09103414333
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILM Aerospace Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ILMA
ReturnHeader/Filer/EIN0991274952
ReturnHeader/Filer/PhoneNum09103414333
ReturnHeader/Filer/USAddress/AddressLine1Txt0230 Government Center Dr Ste 125 1
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028403
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561719839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EARNEY Accountants & Advisors PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 Military Cutoff Road Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilmington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028405
ReturnHeader/PreparerPersonGrp/PhoneNum09102569995
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joel French CPA
ReturnHeader/ReturnTs02025-11-17T09:31:28-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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