2026-09-08T17:04:05-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2025-01-01 883224467 FUTURE AVIATORS CHARITABLE FOUNDATION INC FUTU 3174846023 2 BRICKYARD LANE CARMEL IN 46032 SCOTT HORNBACK TREASURER 3174846023 2026-09-01 1 ANDREW SMITH CPA P01518894 3096714500 2026-09-01 2025 X SCOTT HORNBACK 2 BRICKYARD LANE CARMEL IN 46032 50831 0 X FUTUREAVIATORSFOUNDATION.ORG X 2022 IN GIVE THOSE IN NEED AN OPPORTUNITY TO BEGIN A CAREER AS A COMMERCIAL AIRLINE PILOT AND EDUCATE YOUNG ADULTS ON THE MANY OPPORTUNITIES THE FIELD OF AVIATION HAS TO OFFER. 5 5 0 5 0 0 200026 43800 0 0 6926 7031 0 0 206952 50831 0 35000 0 0 0 0 0 0 0 2658 2567 2658 37567 204294 13264 683099 696363 0 0 683099 696363 X OUR MISSION IS TWOFOLD: GIVE THOSE IN NEED AN OPPORTUNITY TO BEGIN A CAREER AS A COMMERCIAL AIRLINE PILOT AND EDUCATE YOUNG ADULTS ON THE MANY OPPORTUNITIES THE FIELD OF AVIATION HAS TO OFFER. ACCORDING TO THE BOEING PILOT AND TECHNICIAN OUTLOOK, 763,000 PILOTS AND TECHNICIANS ARE NEEDED BY THE YEAR 2039 TO FLY AND MAINTAIN THE GLOBAL FLEET. FACF IS HOPING TO SHOW THAT AVIATION CAN BE FOR ALL, NOT JUST A FEW, AND THAT WE CAN EXPAND THE POOL OF TALENTED AVIATION PROFESSIONALS IN OUR INDUSTRY. WE'RE LOOKING FOR DONORS WITH KIND HEARTS AND A LOVE OF FLYING. 0 0 35000 35000 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 AND WHO MEET SPECIFIC ELIGIBILITY REQUIREMENTS. THE SCHOLARSHIPS MUST BE USED AT A PART 141 FLIGHT SCHOOL/ACADEMY WHICH HAS A DIRECT PATHWAY TO A COMMERCIAL AIRLINE. 35000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SCOTT HORNBACK 3174846023 2 BRICKYARD LANE CARMEL IN 46032 X JOSEPH ALLMAN VICE PRESIDENT 2.00 X X 0 0 0 CHAD PULLEY PRESIDENT 2.00 X X 0 0 0 TERESA GRIFFIN SECRETARY 2.00 X X 0 0 0 SCOTT HORNBACK TREASURER 2.00 X X 0 0 0 ELIZABETH MOTTLEY DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 43800 43800 7031 7031 50831 0 0 7031 35000 35000 2567 2567 37567 35000 2567 0 683099 696363 683099 696363 0 0 X 479099 509723 204000 186640 683099 696363 683099 696363 13264 0 X X 0 0 0 X 504000 200026 43800 747826 504000 200026 43800 747826 681368 66458 8607 6926 7031 22564 770390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 SCHOLARSHIPS FOR FLIGHT SCHOOL 2 35000 PART I, LINE 2: THE ORGANIZATION PROVIDES STUDENTS WITH SCHOLARSHIPS TO ATTEND FLIGHT SCHOOL. THE SCHOLARSHIP COMMITTEE EVALUATES ALL APPLICATIONS TO ENSURE CANDIDATES MEET THE ELIGIBILITY REQUIREMENTS. THE SCHOLARSHIP COMMITTEE CONDUCTS PERIODIC REVIEWS TO ENSURE THE SCHOLARSHIP RECIPIENTS CONTINUE TO MEET THE REQUIREMENTS AS ESTABLISHED BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE COMPLETED BY CLA, A TAX FIRM AND REVIEWED BY THE TREASURER BEFORE BEING SHARED WITH THE OFFICERS. FORM 990, PART VI, SECTION B, LINE 12C WE ANNUALLY REQUIRE EACH DIRECTOR TO EXECUTE AN ACKNOWLEDGEMENT OF THE POLICY AND THEIR OBLIGATIONS TO REPORT CONFLICTS OF INTEREST AND ABIDE BY THEM. ACCORDING TO ARTICLE III OF THE BYLAWS: IF AN INTERESTED PERSON HAS A COVERED INTEREST IN CONNECTION WITH A TRANSACTION OR ARRANGEMENT THAT THE CORPORATION IS CONSIDERING, THE INTERESTED PERSON MUST DISCLOSE TO THE BOARD THE EXISTENCE OF THE COVERED INTEREST AND POSSIBLE CONFLICT OF INTEREST AS SOON AS IT BECOMES KNOWN. AFTER THE INTERESTED PERSON DISCLOSES THE POSSIBLE CONFLICT OF INTEREST, THE BOARD SHALL APPLY THE FOLLOWING PROCEDURES TO DETERMINE WHETHER A CONFLICT OF INTEREST ACTUALLY EXISTS: A. THE BOARD SHALL GIVE THE INTERESTED PERSON AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD; B. THE INTERESTED PERSON MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION OR DECISION AND MUST RECUSE HIM OR HERSELF FROM THE MEETING DURING THE DISCUSSION OR DECISION; C. THE BOARD SHALL TAKE INTO ACCOUNT THE INFORMATION THE INTERESTED PERSON PROVIDED ALONG WITH ANY REPORTS OR RECOMMENDATIONS FROM ANY APPLICABLE COMMITTEE OF THE BOARD; D. THE BOARD SHALL DETERMINE BY MAJORITY VOTE WHETHER A CONFLICT OF INTEREST EXISTS; E. IF THE BOARD DETERMINES THAT A CONFLICT OF INTEREST DOES NOT EXIST, NO FURTHER REVIEW SHALL BE NECESSARY BEYOND THAT REQUIRED IN THE ORDINARY COURSE OF BUSINESS; F. IF THE BOARD DETERMINES THAT A CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ADDRESS THE CONFLICT OF INTEREST AS PROVIDED IN SECTION 3 BELOW; AND G. A RECORD OF THE BOARD'S DISCUSSION AND DETERMINATION SHALL BE MADE AS OUTLINED IN RECORDS OF PROCEEDINGS ARTICLE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE AND FINANCE COMMITTEE CONSISTING OF: JOE ALLMAN, CHAD PULLEY, SCOTT HORNBACK, TERESA GRIFFIN, AND ELIZABETH MOTTLEY. ACCORDING TO ARTICLE VI OF THE BYLAWS: THIS POLICY DOES NOT PROHIBIT THE CORPORATION FROM PROVIDING REASONABLE COMPENSATION FOR SERVICES RENDERED TO THE CORPORATION. FOR THIS PURPOSE, "COMPENSATION" REPRESENTS ALL DIRECT AND INDIRECT FORMS OF ECONOMIC BENEFIT, INCLUDING, BUT NOT LIMITED TO, SALARIES, WAGES, BONUSES, COMMISSIONS, ROYALTIES, FRINGE BENEFITS, DEFERRED COMPENSATION, EXPENSE ALLOWANCES, INSURANCE COVERAGES, AND FEES. WHEN PROVIDING COMPENSATION TO A DIRECTOR, OFFICER, OR EMPLOYEE, THE CORPORATION SHALL COMPLY WITH THE FOLLOWING PROCEDURES. A. ALL COMPENSATION, WHETHER DIRECTLY OR INDIRECTLY PROVIDED, MUST BE REASONABLE AS DETERMINED BY TAKING INTO ACCOUNT FACTORS THAT INCLUDE THE LEVELS OF COMPENSATION PAID BY SIMILAR ORGANIZATIONS WITHIN THE COMMUNITY (TAX-EXEMPT AND TAXABLE) FOR FUNCTIONALLY COMPARABLE SERVICES, THE VALUE OF THE SERVICES BEING RENDERED AND PERTINENT EXPERIENCE OF THE INDIVIDUAL PROVIDING THE SERVICES. IN GENERAL, COMPENSATION IS REASONABLE IF IT IS AN AMOUNT THAT WOULD BE ORDINARILY PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES. B. ANY DIRECTOR, OFFICER, OR EMPLOYEE WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT COMPENSATION. THE DIRECTOR, OFFICER, OR EMPLOYEE MAY, HOWEVER, PROVIDE COMPENSATION DATA AND INFORMATION TO THE BOARD OR ANY COMMITTEE OF THE BOARD. C. PAYMENTS UNDER A COMPENSATION ARRANGEMENT ARE PRESUMED TO BE REASONABLE IF THE FOLLOWING APPLY: (1) THE TERMS OF THE ARRANGEMENT ARE APPROVED IN ADVANCE BY THE BOARD AND NO PERSON WITH A POSSIBLE CONFLICT OF LNTEREST PARTICIPATES IN THE BOARD'S DECISION, (2) THE BOARD RELIES UPON APPROPRIATE COMPARABILITY DATA IN MAKING ITS DECISION, AND (3) A RECORD OF THE BOARD'S DISCUSSION AND DECISION IS CREATED IN ACCORDANCE WITH RECORDS OF PROCEEDINGS ARTICLE. D. PAYMENTS UNDER A COMPENSATION ARRANGEMENT THAT IS NOT REASONABLE WILL BE SUBJECT TO THE EXCESS BENEFIT TRANSACTION PROVISIONS HEREIN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE EXECUTIVE AND FINANCE COMMITTEE ASSUMES THE RESPONSIBILITY OVER THE FINANCIAL STATEMENTS. THIS COMMITTEE IS COMPRISED OF: JOE ALLMAN, CHAD PULLEY, SCOTT HORNBACK, TERESA GRIFFIN, AND ELIZABETH MOTTLEY. REPUBLIC AIRWAYS INC 2 BRICKYARD LANE CARMEL IN 46032 061562737 SEE SUPPLEMENTAL INFORMATION IN C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PRIMARY ACTIVITY: REGIONAL AIRLINE OPERATING COMMERCIAL FLIGHTS FOR OUR PARTNERS; AMERICAN, DELTA AND UNITED.