United Airlines Pilots Retirement Foundation Inc
- Assets
- $4.0m
- Revenue
- $107.0k
- Investments
- $3.9m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 04/1987
- Data as of
- 12/2023
- EIN
- 58-1686601
Organization Overview
United Airlines Pilots Retirement Foundation Inc is located in Lake Forest, IL. The organization was established in 1987. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Airlines Pilots Retirement 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 12/2023, United Airlines Pilots Retirement Foundation Inc generated $107.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $272.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, United Airlines Pilots Retirement Foundation Inc has awarded 14 individual grants totaling $655,805. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FINANCIAL ASSISTANCE TO FAMILIES OF RETIRED UNITED AIRLINES PILOTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FINANCIAL ASSISTANCE TO THREE FAMILIES OF RETIRED UNITED AIRLINES PILOTS TO HELP THEM MAINTAIN A REASONABLE STANDARD OF LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Eberle Director | 3 | $0 | |
Jeff Ellis Director | 1 | $0 | |
Thomas G Workinger Director | 3 | $0 | |
Donald Gregg Director | 1 | $0 | |
Robert Helfferich Treasurer | 1 | $0 | |
Steven S Moddle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,600 |
| Interest on Savings | $18,594 |
| Dividends & Interest | $94,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,648 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100 |
| Total Revenue | $106,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,145 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $575 |
| Total operating and administrative expenses | $42,412 |
| Contributions, gifts, grants paid | $230,072 |
| Total expenses and disbursements | $272,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,748 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,417,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,024,333 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, United Airlines Pilots Retirement Foundation Inc has awarded $230,072 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
INGRID MELIN PURPOSE: GRANTS TO FAMILIES | $25,200 |
MARION WILTGER PURPOSE: GRANTS TO FAMILIES | $7,800 |
NANCY ORPIN CO MORNINGSIDE OF RIVER PURPOSE: GRANTS TO FAMILIES | $39,800 |
UNITED WE CARE PURPOSE: GRANTS TO FAMILIES | $130,272 |
GABRIELLE ROBLES PURPOSE: GRANTS TO FAMILIES | $25,000 |
UAL HISTORICAL FOUNDATION CO SIUF COLYER HALL MAIL CODE 6805 PURPOSE: GRANTS TO FAMILIES | $2,000 |