The Wings Club Foundation Inc
- Assets
- $7.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 03/1992
- Data as of
- 03/2023
- EIN
- 13-3648312
Organization Overview
The Wings Club Foundation Inc, operating under the name The Wings Club, is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 03/2023, Wings Club employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wings Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Wings Club generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.6m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wings Club has awarded 41 individual grants totaling $961,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER EDUCATIONAL OPPORTUNITIES FOR STUDENTS PURSUING AN EDUCATION IN AVIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED THE ANNUAL AWARDS GALA, WHICH INCLUDED THE PRESENTATION OF THE ANNUAL DISTINGUISHED ACHIEVEMENT AWARD, PRESENTATION OF THE ANNUAL SCHOLARSHIP AWARDS AND PRESENTATION OF THE HUMANITARIAN AWARD.
THE WINGS CLUB FOUNDATION MAKES AN ANNUAL GRANT TO A CHARITABLE ORGANIZATION THAT USES AIRCRAFT TO PROVIDE MEDICAL SUPPLIES AND PERSONNEL AND OTHER HUMANITARIAN AID AND SERVICES.
AWARDED FOURTEEN STUDENT SCHOLARSHIPS.
PRESENTED MONTHLY AVIATION LEADER SERIES EDUCATIONAL LUNCHEON EVENTS. EACH LUNCHEON FEATURES A PRESENTATION BY AN AVIATION INDUSTRY LEADER. WINGS CLUB MEMBERS, GUESTS, AND COLLEGE STUDENTS ATTEND THE EVENTS. THE WINGS CLUB PRESENTED TEN OF THESE EVENTS DURING THE FISCAL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawne Hickton President | OfficerTrustee | 3 | $0 |
Mahendra Nair Vice President | OfficerTrustee | 3 | $0 |
Tom Gentile Vice President | OfficerTrustee | 3 | $0 |
Todd Kallman Treasurer | OfficerTrustee | 3 | $0 |
John Brogan Secretary | OfficerTrustee | 3 | $0 |
Ali Ben Lmadani Governor | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $511,718 |
| Fundraising events | $1,067,521 |
| Related organizations | $0 |
| Government grants | $45,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,475 |
| Noncash contributions included in lines 1a–1f | $51,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,052,255 |
| Total Program Service Revenue | $212,673 |
| Investment income | $106,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$77,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,293,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $381,283 |
| Compensation of current officers, directors, key employees. | $76,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,398 |
| Payroll taxes | $28,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,804 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,333 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,205 |
| Office expenses | $130,441 |
| Information technology | $49,865 |
| Royalties | $0 |
| Occupancy | $165,360 |
| Travel | $10,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,584 |
| Insurance | $23,249 |
| All other expenses | $0 |
| Total functional expenses | $1,614,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,652,178 |
| Pledges and grants receivable | $27,468 |
| Accounts receivable, net | $220,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,581 |
| Net Land, buildings, and equipment | $23,225 |
| Investments—publicly traded securities | $5,230,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,247,837 |
| Accounts payable and accrued expenses | $113,410 |
| Grants payable | $0 |
| Deferred revenue | $377,417 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $490,827 |
| Net assets without donor restrictions | $4,476,872 |
| Net assets with donor restrictions | $2,280,138 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,247,837 |
Grants Awarded
Over the last fiscal year, The Wings Club Foundation Inc has awarded $233,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EMBRY RIDDLE AERONAUTICAL UNIVERSITY PURPOSE: AVIATION SCHOLARSHIPS | $76,000 |
CHILDREN OF FALLEN PATRIOTS FOUNDATION PURPOSE: AVIATION SCHOLARSHIPS | $10,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: AVIATION SCHOLARSHIPS | $10,000 |
PURDUE UNIVERSITY PURPOSE: AVIATION SCHOLARSHIPS | $10,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: AVIATION SCHOLARSHIPS | $20,000 |
UNIVERSITY OF MARYLAND EASTERN SHORE PURPOSE: AVIATION SCHOLARSHIPS | $10,000 |