Tailhook Educational Foundation Inc
- Assets
- $4.8m
- Revenue
- $810.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 33-0487778
Organization Overview
Tailhook Educational Foundation Inc is located in San Diego, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tailhook Educational 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 12/2021, Tailhook Educational Foundation Inc generated $810.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $639.7k during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE PUBLIC ABOUT THE HISTORY AND PRESENT DAY ACTIVITIES OF THE US NAVY CARRIER AVIATION AND TO PROVIDE SCHOLARSHIPS TO THE CHILDREN/GRANDCHILD OF NAVY PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES EDUCATIONAL SCHOLARSHIPS TO CHILDREN AND GRANDCHILDREN OF PRESENT AND FORMER UNITED STATES NAVY CARRIER AVIATION PERSONNEL. IN 2021, OVER 100 INDIVIDUALS RECEIVED SCHOLARSHIPS RANGING FROM 3,000-15,000.
THE FOUNDATION DISTRIBUTES THE HOOK MAGAZINE TO HIGH SCHOOLS AND COLLEGES THROUGHOUT THE UNITED STATES AT NO COST TO THE SCHOOLS. THE HOOK DESCRIBES CURRENT AND HISTORICAL UNITED STATES NAVY CARRIER OPERATIONS, ARTICLES, FACTS, AND CARRIER INFORMATION. THE HOOK MAGAZINE IS PUBLISHED QUARTERLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jj Quinn Chairman | OfficerTrustee | 5 | $0 |
Steve Queen Vp/treasurer | OfficerTrustee | 5 | $0 |
Eric Dolye President | OfficerTrustee | 2 | $0 |
Beth Rollins Recording Secretary | Officer | 5 | $0 |
Rodger Welch Executive Director | Officer | 40 | $0 |
Stephen Laukaitis Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $584,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $584,852 |
| Total Program Service Revenue | $1,515 |
| Investment income | $167,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| Grants and other assistance to domestic individuals. | $380,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,447 |
| Compensation of current officers, directors, key employees. | $15,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,629 |
| Office expenses | $10,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,054 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $34,897 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $639,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,654,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,774,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,774,897 |
| Net assets with donor restrictions | $0 |
| 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 | $4,774,897 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tailhook Educational Foundation Inc has recieved totaling $36,480.
| Awarding Organization | Amount |
|---|---|
Jennie V Foundation Under Marie A Cook Tr Dtd March 22 1985 Newport Beach, CA PURPOSE: A-6 INTRUDER ASSN SCHOLARSHIP FUND | $25,000 |
Midway Foundation Inc San Diego, CA PURPOSE: NATIONAL SCHOLARSHIP FUND | $10,000 |
The Pesenti Foundation South Pasadena, CA PURPOSE: OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |