FUTURE AVIATORS CHARITABLE FOUNDATION INC

EIN: 883224467 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$206,952
Total Expenses
$2,658
Total Assets
$683,099
Net Assets
$683,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IN
Principal Officer
SCOTT HORNBACK
Phone
3174846023
Tax Period
2024-01-01 to 2024-12-31

FUTURE AVIATORS CHARITABLE FOUNDATION INC, founded in 2022, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $204K, a strong 99% operating margin.

Mission

THE FUTURE AVIATORS CHARITABLE FOUNDATION WANTS AVIATION IN THE MINDS OF MORE PEOPLE. OUR GOAL IS TO HELP THOSE WHO DREAM OF BECOMING COMMERCIAL AIRLINE PILOTS REACH THE SKY. FOR THOSE WHO DON'T KNOW WHERE TO BEGIN OR DON'T HAVE THE MEANS, WE CAN HELP PUT YOU ON THE ROAD TO AN AVIATION CAREER IN THE FLIGHT DECKS OF SOME OF THE WORLD'S MOST PRESTIGIOUS AIRLINES. WE OFFER SCHOLARSHIPS TO FLIGHT SCHOOLS AND PROVIDE FUNDING FOR COMMUNITY OUTREACH PROGRAMS, GIVING UNDERSERVED AND UNDERREPRESENTED COMMUNITIES THE POWER TO TAKE THE LEAP AND GET INTO THE WORLD OF AVIATION. THE SCHOLARSHIP PORTION OF THE FOUNDATION IS THE PRIMARY FOCUS OF THE FUTURE AVIATORS CHARITABLE FOUNDATION (FACF). IT PROVIDES SCHOLARSHIPS TO UNDERSERVED AND UNDERREPRESENTED GROUPS AND COMMUNITIES FOR THE PRIMARY PURPOSE OF BRINGING A MORE DIVERSE GROUP OF HIGHLY QUALIFIED PILOTS INTO THE COMMERCIAL AVIATION ARENA. THE SCHOLARSHIPS ARE AWARDED TO HIGH-POTENTIAL INDIVIDUALS WHO DESIRE TO BECOME COMMERCIAL AIRLINE PILOTS AN

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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 $200,026
Program Service Revenue $0
Investment Income $6,926
Other Revenue $0
TOTAL REVENUE $206,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,658
TOTAL EXPENSES $2,658

Year-over-Year Comparison

2024 2023 Change
Revenue $206,952 $512,607 -0.6%
Expenses $2,658 $33,802 -0.9%
Net Income $204,294 $478,805 -0.6%
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

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Liquidity & Cash Position

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Governance

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

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH ALLMAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHAD PULLEY PRESIDENT 2.00
Officer Director
$0 $0 $0
TERESA GRIFFIN SECRETARY 2.00
Officer Director
$0 $0 $0
SCOTT HORNBACK TREASURER 2.00
Officer Director
$0 $0 $0
ELIZABETH MOTTLEY DIRECTOR 2.00
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 $206,952 $2,658 $683,099 $204,294
2023 $512,607 $33,802 $478,805 $478,805
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