Nonprofit · EIN 77-0408604
VERTICAL LIFT CONSORTIUM INC
Tax-exempt · SUMMERVILLE, SC 29486
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $547,920 | $430,732 | $117,188 | $1,676,637 | $180,148 | $1,496,489 |
| December 31, 2023 | 990 | $615,369 | $1,020,074 | -$404,705 | $2,144,914 | $765,613 | $1,379,301 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $509,046
- Investment income
- $38,874
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10,334
- Accounting fees
- $4,161
- Travel
- $12,577
Balance sheet and other
- Total assets, start of year
- $2,144,914
- Total assets, end of year
- $1,676,637
- Total liabilities, end of year
- $180,148
- Net assets, end of year
- $1,496,489
- Net assets without donor restrictions
- $1,496,489
- Gross receipts
- $547,920
- Employees
- 0
- Volunteers
- 17
- Year formed
- 1995
- State of legal domicile
- DE
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 |
|---|---|---|---|
| John Piasecki | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Nick Lappos | Chairman Trustee or director, Officer | 1 | $0 |
| Brendan Kelly | Member Trustee or director | 1 | $0 |
| Chris MacFarland | Member Trustee or director | 1 | $0 |
| Inder Chopra | Member Trustee or director | 1 | $0 |
| Jerry Wheeler | Member Trustee or director | 1 | $0 |
| John Stough | Member Trustee or director | 1 | $0 |
| JVR Prasad | Member Trustee or director | 1 | $0 |
| Kendall Goodman | Member Trustee or director | 1 | $0 |
| Kurt Fuller | Member Trustee or director | 1 | $0 |
| Layne Merritt | Member Trustee or director | 1 | $0 |
| Michael Hirschberg | Member Trustee or director | 1 | $0 |
| Robin Preator | Member Trustee or director | 1 | $0 |
| Ronald Lukow | Member Trustee or director | 1 | $0 |
| Rudy Ostovich | Member Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Von Eschenbach | Member Trustee or director | 1 | $0 |
| William Morris | Member Trustee or director | 1 | $0 |
| Paul Dudley | Secretary Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kendall Goodman | Member Trustee or director | 1 | $0 |
| Rudy Ostovich | Member Trustee or director | 1 | $0 |
| Ronald Lukow | Member Trustee or director | 1 | $0 |
| Inder Chopra | Member Trustee or director | 1 | $0 |
| Chris MacFarland | Member Trustee or director | 1 | $0 |
| JVR Prasad | Member Trustee or director | 1 | $0 |
| John Stough | Member Trustee or director | 1 | $0 |
| Layne Merritt | Member Trustee or director | 1 | $0 |
| Michael Hirschberg | Member Trustee or director | 1 | $0 |
| Thomas Von Eschenbach | Member Trustee or director | 1 | $0 |
| Brendan Kelly | Member Trustee or director | 1 | $0 |
| Kurt Fuller | Member Trustee or director | 1 | $0 |
| Robin Preator | Member Trustee or director | 1 | $0 |
| William Morris | Member Trustee or director | 1 | $0 |
| Jerry Wheeler | Member Trustee or director | 1 | $0 |
| Nick Lappos | Chairman Trustee or director, Officer | 1 | $0 |
| John Piasecki | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Paul Dudley | Secretary Treasurer Officer | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 315 SIGMA DR, SUMMERVILLE, SC 29486-7790
- In care of
- % PAUL DUDLEY
- Principal officer (990 for 2024)
- NICK LAPPOS, 315 SIGMA DRIVE, SUMMERVILLE, SC 29486
- Signed the 990
- NICK LAPPOS, CHAIRMAN
- Phone
- (843) 760-4500
- Return prepared by
- BDO USA
Mission
COOPERATIVE SCIENTIFIC RESEARCH
Program accomplishments
- TO GENERATE AND LICENSE TECHNOLOGICAL PROPERTIES FOR THE BENEFIT OF THE ORGANIZATIONS' MEMBERS AND TO COLLABORATIVELY AND COLLECTIVELY PROVIDE THE U.S. GOVERNMENT WITH INPUT AND ADVICE ON NON-PROPRIETARY, NON-CONFIDENTIAL TECHNICAL CONCEPTS AND ISSUES RELATED TO VERTICAL LIFT TECHNOLOGIES AND TO ACT AS A KNOWLEDGEABLE SOURCE TO THE U.S. GOVERNMENT ABOUT VERTICAL LIFT AIRCRAFT AND TECHNOLOGIES RESEARCH.
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
- 77-0408604
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,676,637
- Income (IRS master file)
- $547,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $547,920 | $430,732 | $1,676,637 | XML |
| 990 | December 2023 | $615,369 | $1,020,074 | $2,144,914 | XML |
| 990 | December 2022 | $490,955 | $315,983 | $1,843,506 | 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 77-0408604).
Questions about VERTICAL LIFT CONSORTIUM INC
- What is the EIN of VERTICAL LIFT CONSORTIUM INC?
- The employer identification number (EIN) of VERTICAL LIFT CONSORTIUM INC is 77-0408604.
- Is VERTICAL LIFT CONSORTIUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to VERTICAL LIFT CONSORTIUM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERTICAL LIFT CONSORTIUM INC 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 VERTICAL LIFT CONSORTIUM INC 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 VERTICAL LIFT CONSORTIUM INC 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 VERTICAL LIFT CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 names NICK LAPPOS.
- Who are the officers and directors of VERTICAL LIFT CONSORTIUM INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does VERTICAL LIFT CONSORTIUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $547,920, expenses of $430,732 and total assets of $1,676,637 at year end.
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