International Cessna 190 - 195 Foundation Inc
- Assets
- $79.1k
- Revenue
- $25.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shelbyville, KY
- Founding
- 05/2011
- Data as of
- 12/2020
- EIN
- 27-2613055
Organization Overview
International Cessna 190 - 195 Foundation Inc is located in Shelbyville, KY. The organization was established in 2011. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Cessna 190 - 195 Foundation Inc 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 12/2020, International Cessna 190 - 195 Foundation Inc generated $25.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (65.6%) each year. All expenses for the organization totaled $10.5k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED FOUR SCHOLARSHIPS
AWARDED FOUR SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Sorenson Director | 1 | $0 | |
Mark Kellum President | 1 | $0 | |
Barbara Johnson Sectreasurer | 2 | $0 | |
Charles Taylor Jr Vice President | 1 | $0 | |
Frances Smith Director | 1 | $0 | |
Marvin Huckins Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $52 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $452 |
| Total operating and administrative expenses | $504 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,774 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $363 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $79,137 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000 |
Grants Awarded
Over the last fiscal year, International Cessna 190 - 195 Foundation Inc has awarded $18,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JASON OTRIN PURPOSE: CERTIFIED INSTRUMENT FLIGHT RATING | $4,000 |
JASON OTRIN PURPOSE: CERTIFIED INSTRUMENT FLIGHT RATING | $4,000 |
BRIAN MCCLURE PURPOSE: CERTIFIED INSTRUMENT FLIGHT TRAINING | $3,000 |
BRIAN MCCLURE PURPOSE: CERTIFIED INSTRUMENT FLIGHT TRAINING | $3,000 |
CHELSEA MONTGOMERY PURPOSE: COMMERCIAL PILOT RATING | $2,000 |
CHELSEA MONTGOMERY PURPOSE: COMMERCIAL PILOT RATING | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |