BLUE SKY EDUCATIONAL FOUNDATION

EIN: 455630226 501(c)(3)

DALLAS, TX

Total Revenue
$10,000
Total Expenses
$115,620
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
Principal Officer
JAMES R THOMPSON
Phone
2149896150
Tax Period
2024-01-01 to 2024-12-31

BLUE SKY EDUCATIONAL FOUNDATION, founded in 2012, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 1056% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO: (I) FOSTER, PROMOTE AND ADVANCE AVIATION, THE PHYSICAL OR BIOLOGICAL SCIENCES, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) EDUCATION BY YOUNG PEOPLE OF ALL BACKGROUNDS; (II) ENCOURAGE INTEREST AND PERSONAL PARTICIPATION IN AVIATION AND RELATED FIELDS; AND (III) PROVIDE SCHOLARSHIPS TO MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE AGED YOUTH OF ALL BACKGROUNDS FOR THE ADVANCEMENT OF AVIATION AND STEM LEARNING, THE PURSUIT OF AVIATION-RELATED INTERESTS AND THE PURSUIT OF EDUCATION IN STEM STUDIES AT AN ACCREDITED COLLEGE, UNIVERSITY OR POST-SECONDARY SCHOOL OR AVIATION CAMP, ACADEMY, FACILITY OR TECHNICAL SCHOOL FOR EDUCATIONAL INSTRUCTION AND EDUCATIONAL CAMPS IN SUCH AREAS.

Program Service Accomplishments

Program 1
Expenses: $99,064

FOR STUDENTS TO ATTEND THE EAA AIR ACADEMY, NATIONAL FLIGHT ACADEMY, AND OTHER FLIGHT TRAINING PROGRAMS THROUGHOUT THE COUNTRY, AS WELL AS TRANSPORTATION TO AND FROM THE AIR ACADEMY. THE FOCUS OF THE...

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FOR STUDENTS TO ATTEND THE EAA AIR ACADEMY, NATIONAL FLIGHT ACADEMY, AND OTHER FLIGHT TRAINING PROGRAMS THROUGHOUT THE COUNTRY, AS WELL AS TRANSPORTATION TO AND FROM THE AIR ACADEMY. THE FOCUS OF THE AIR ACADEMY IS TO UTILIZE THE MOTIVATION AND EXCITEMENT OF AVIATION TOENGAGE STYUDENTS IN STEM CONTENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $66,232
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,064
Other Expenses $49,388
TOTAL EXPENSES $115,620

Year-over-Year Comparison

2024 2023 Change
Revenue $10,000 $62,000 -0.8%
Expenses $115,620 $122,560 -0.1%
Net Income $-105,620 $-60,560 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM THOMPSON PRESIDENT 3.00
Officer Director
$0 $0 $0
LEE SIUDZINSKI EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
ALAN FARROW-GILLESPIE DIRECTOR 3.00
Director
$0 $0 $0
KATIE PRIBYL SECRETARY 3.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $10,000 $115,620 No data $-105,620
2023 $62,000 $122,560 $105,620 $-60,560
2022 $192,000 $174,129 $166,774 $17,871
2021 $63,983 $69,415 $150,256 $-5,432
2020 $228,892 $280,164 $154,520 $-51,272
2019 $174,803 $211,723 $209,079 $-36,920
2018 $246,795 $318,272 $249,845 $-71,477
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