Nonprofit · EIN 46-1336590
ACADEMY OF MODEL AERONAUTICS FOUNDATION
Tax-exempt · MUNCIE, IN 47302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $394,255 | $469,799 | -$75,544 | $2,123,355 | $14,786 | $2,108,569 |
| December 31, 2023 | 990 | $691,237 | $331,131 | $360,106 | $2,470,666 | $499,570 | $1,971,096 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $374,702
- Program service revenue
- $0
- Investment income
- $19,553
- Net gain from sales of assets
- -$3,964
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $133,906
- Compensation of officers, directors and key employees
- $81,151
- Other salaries and wages
- $35,623
- Salaries, compensation and benefits (total)
- $126,447
- Professional fundraising fees
- $0
- Accounting fees
- $2,500
- Travel
- $13,116
- Program services (functional)
- $133,906
- Management and general (functional)
- $335,893
Balance sheet and other
- Total assets, start of year
- $2,470,666
- Total assets, end of year
- $2,123,355
- Total liabilities, end of year
- $14,786
- Net assets, end of year
- $2,108,569
- Publicly traded securities
- $1,225,712
- Net assets without donor restrictions
- $883,402
- Net assets with donor restrictions
- $1,225,167
- Gross receipts
- $440,840
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2012
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVE HASTON | FOUNDATION DIRECTOR Officer | 40 | $0 | $65,270 | $5,174 |
| DON BOTT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RUSTY KENNEDY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICH HANSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIM JESKY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES LAYNE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM DENNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| STEVE HASTON | FOUNDATION DIRECTOR Trustee or director, Officer | 40 | $0 | $61,888 |
| DON BOTT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RUSTY KENNEDY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICH HANSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM JESKY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL BARBEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES LAYNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM DENNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5161 E MEMORIAL DR, MUNCIE, IN 47302-9050
- In care of
- % CRAIG SCHROEDER
- Principal officer (990 for 2024)
- TYLER DOBBS, 5161 E MEMORIAL DR, MUNCIE, IN 47302
- Signed the 990
- CHAD BUDREAU, EXECUTIVE DIRECTOR
- Phone
- (765) 287-1256
- Return prepared by
- BRADY WARE & SCHOENFELD INC
Mission
TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC.
Program accomplishments
- TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC.Expenses $133,906 · grants $133,906
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1336590
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50)
- Assets (IRS master file)
- $2,123,355
- Income (IRS master file)
- $440,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $394,255 | $469,799 | $2,123,355 | IRS |
| 990 | December 2023 | $691,237 | $331,131 | $2,470,666 | XML |
| 990 | December 2022 | $385,826 | $207,134 | $1,521,774 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1336590).
Questions about ACADEMY OF MODEL AERONAUTICS FOUNDATION
- What is the EIN of ACADEMY OF MODEL AERONAUTICS FOUNDATION?
- The employer identification number (EIN) of ACADEMY OF MODEL AERONAUTICS FOUNDATION is 46-1336590.
- Is ACADEMY OF MODEL AERONAUTICS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to ACADEMY OF MODEL AERONAUTICS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ACADEMY OF MODEL AERONAUTICS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACADEMY OF MODEL AERONAUTICS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMY OF MODEL AERONAUTICS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ACADEMY OF MODEL AERONAUTICS FOUNDATION?
- The 990 for the year ended December 31, 2024 names TYLER DOBBS.
- Who are the officers and directors of ACADEMY OF MODEL AERONAUTICS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ACADEMY OF MODEL AERONAUTICS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $394,255, expenses of $469,799 and total assets of $2,123,355 at year end.
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