Nonprofit · EIN 54-1449314
U S PARACHUTE TEAM TRUST FUND
Tax-exempt · FREDERICKSBRG, VA 22407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $241,364 | $127,377 | $113,987 | $2,743,769 | $1,787 | $2,741,982 |
| December 31, 2023 | 990 | $190,736 | $34,001 | $156,735 | $2,528,515 | $11,285 | $2,517,230 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $43,986
- Program service revenue
- $0
- Investment income
- $189,378
- Net gain from sales of assets
- $105,452
- Other revenue
- $8,000
Expenses
- Grants and similar amounts paid
- $95,871
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $705
- Accounting fees
- $14,565
- Program services (functional)
- $95,871
- Management and general (functional)
- $31,506
Balance sheet and other
- Total assets, start of year
- $2,528,515
- Total assets, end of year
- $2,743,769
- Total liabilities, end of year
- $1,787
- Net assets, end of year
- $2,741,982
- Publicly traded securities
- $2,566,779
- Net assets without donor restrictions
- $660,813
- Net assets with donor restrictions
- $2,081,169
- Gross receipts
- $753,348
- Employees
- 0
- Volunteers
- 22
- Year formed
- 1986
- State of legal domicile
- VA
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 |
|---|---|---|---|---|---|
| ALBERT BERCHTOLD | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 | $221,149 | $48,147 |
| CHUCK AKERS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SHERRY BUTCHER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RAY LALLO | SECRETARY Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JACK PYLAND IV | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LUKE AIKINS | MEMBER AT LARGE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RANDY ALLISON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANGIE ARAGON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JEANNIE BARTHOLOMEW | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHARLES CRINKLAW | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PAUL GHOLSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVE GRABOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOSHUA HALL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LARRY HILL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL MCGOWAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE MULLINS | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN NAIMAN | DIRECTOR Trustee or director | 2 | $0 |
| MELISSA NELSON | DIRECTOR Trustee or director | 2 | $0 |
| BRANDON RADCLIFF | DIRECTOR Trustee or director | 2 | $0 |
| JIM REES | DIRECTOR Trustee or director | 2 | $0 |
| ED SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL WADKINS | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS WAGNER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALBERT BERCHTOLD | EXECUTIVE DIRECTOR Trustee or director, Officer | 5 | $0 | $219,333 | $41,357 |
| CHUCK AKERS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SHERRY BUTCHER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RAY LALLO | SECRETARY Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JACK PYLAND IV | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LUKE AIKINS | MEMBER AT LARGE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RANDY ALLISON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANGIE ARAGON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JEANNIE BARTHOLOMEW | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHARLES CRINKLAW | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SHAUNA FINLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PAUL GHOLSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAVE GRABOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOSHUA HALL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LARRY HILL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALAN KING | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MELISSA LOWE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL MCGOWAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIKE MULLINS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRIAN NAIMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MELISSA NELSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRANDON RADCLIFF | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JIM REES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ED SCOTT | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL WADKINS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS WAGNER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5401 SOUTHPOINT CENTRE BLVD, FREDERICKSBRG, VA 22407-2612
- Principal officer (990 for 2024)
- ALBERT BERCHTOLD, 5401 SOUTHPOINT CENTRE BLVD, FREDRICKSBURG, VA 22407
- Signed the 990
- ALBERT BERCHTOLD, EXECUTIVE DIRECTOR
- Phone
- (540) 604-9740
- Website
- HTTPS://USPARACHUTETEAM.ORG
- Return prepared by
- RSM US LLP
Mission
THE FUND'S PURPOSE IS TO HELP DEFRAY THE EXPENSES OF THE U.S. PARACHUTE TEAM, INC. ("THE TEAM"), A DISTRICT OF COLUMBIA NONPROFIT, PUBLICLY SUPPORTED CORPORATION OR ITS SUCCESSOR, IN SENDING TEAMS TO AMATEUR PARACHUTING COMPETITIONS. FUNDS WILL BE MADE AVAILABLE TO THE TEAM IN EACH YEAR FOR WHICH IT IS PREPARING TO FIELD A TEAM IN AMATEUR COMPETITION.
Program accomplishments
- THE TRUST FUND DISTRIBUTES FUNDS TO THE U.S. PARACHUTE TEAM FOR WORLD CHAMPIONSHIP ENTRY.Expenses $95,871 · grants $95,871 · revenue $8,000
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
- 54-1449314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,743,769
- Income (IRS master file)
- $753,348
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $241,364 | $127,377 | $2,743,769 | IRS |
| 990 | December 2023 | $190,736 | $34,001 | $2,528,515 | XML |
| 990 | December 2022 | $360,383 | $91,684 | $2,219,702 | 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 54-1449314).
Questions about U S PARACHUTE TEAM TRUST FUND
- What is the EIN of U S PARACHUTE TEAM TRUST FUND?
- The employer identification number (EIN) of U S PARACHUTE TEAM TRUST FUND is 54-1449314.
- Is U S PARACHUTE TEAM TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to U S PARACHUTE TEAM TRUST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does U S PARACHUTE TEAM TRUST FUND 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 U S PARACHUTE TEAM TRUST FUND 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 U S PARACHUTE TEAM TRUST FUND 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 U S PARACHUTE TEAM TRUST FUND?
- The 990 for the year ended December 31, 2024 names ALBERT BERCHTOLD.
- Who are the officers and directors of U S PARACHUTE TEAM TRUST FUND?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does U S PARACHUTE TEAM TRUST FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $241,364, expenses of $127,377 and total assets of $2,743,769 at year end.
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