Nonprofit · EIN 81-1644762
FIGURE 1 FOUNDATION
Tax-exempt · LOS ANGELES, CA 90064
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $31,048 | $70,485 | -$39,437 | $142,218 | $30,333 | $111,885 |
| December 31, 2024 | 990-EZ | $80,716 | $47,705 | $33,011 | $181,655 | $30,333 | $151,322 |
| December 31, 2023 | 990-EZ | $50,140 | $76,859 | -$26,719 | $148,644 | $30,333 | $118,311 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $31,048
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,774
- Other expenses
- $65,711
- Program services (functional)
- $19,674
Balance sheet and other
- Total assets, start of year
- $181,655
- Total assets, end of year
- $142,218
- Total liabilities, end of year
- $30,333
- Net assets, end of year
- $111,885
- Cash, savings and investments
- $132,352
- Land and buildings
- $9,866
- Gross receipts
- $31,048
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT OLMSTED | President & CEO | 5 | $0 |
| AJ WILDER | President | 15 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT OLMSTED | President & CEO | 5 | $0 |
| AJ WILDER | President | 15 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT OLMSTED | President & CEO | 5 | $0 |
| AJ WILDER | President | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 11400 WEST OLYMPIC BLVD 16TH FLOO, LOS ANGELES, CA 90064-1550
- Signed the 990-EZ
- AJ WILDER, President
- Phone
- (310) 204-2290
- Return prepared by
- Gaytan & Leevan LLP
Mission
SPONSORSHIP OF AVIATION LICENSING
Program accomplishments
- SPONSORSHIP OF AVIATION LICENSINGExpenses $19,674
- AWARDS SCHOLARSHIPS TO SUPPORT APPLICANTS SEEKING AVIATION CERTIFICATION
- AWARDS SCHOLARSHIPS TO SUPPORT APPLICANTS SEEKING PILOT'S LICENSES, TAIL WHEEL PILOT'S LICENSES, FAA SPINENDORSEMENTS, AND AEROBATIC JUDGE CERTIFICATION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-1644762
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $142,218
- Income (IRS master file)
- $31,048
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | – | – | – | IRS |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $50,140 | $76,859 | $148,644 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FIGURE 1 FOUNDATION
- What is the EIN of FIGURE 1 FOUNDATION?
- The employer identification number (EIN) of FIGURE 1 FOUNDATION is 81-1644762.
- Is FIGURE 1 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FIGURE 1 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIGURE 1 FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FIGURE 1 FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIGURE 1 FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of FIGURE 1 FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does FIGURE 1 FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $31,048, expenses of $70,485 and total assets of $142,218 at year end.
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