Nonprofit · EIN 82-4591587
AEROSTAR AVION INSTITUTE
Tax-exempt · CHICAGO, IL 60603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $516,330 | $243,663 | $272,667 | $340,300 | $6,613 | $333,687 |
| December 31, 2023 | 990 | $246,789 | $260,201 | -$13,412 | $112,812 | $3,877 | $108,935 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $493,130
- of which government grants
- $350,000
- Program service revenue
- $23,200
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $110,449
- Salaries, compensation and benefits (total)
- $114,181
- Professional fundraising fees
- $0
- Legal fees
- $254
- Accounting fees
- $14,024
- Travel
- $3,510
- Program services (functional)
- $96,783
- Management and general (functional)
- $141,638
- Fundraising (functional)
- $5,242
Balance sheet and other
- Total assets, start of year
- $112,812
- Total assets, end of year
- $340,300
- Total liabilities, end of year
- $6,613
- Net assets, end of year
- $333,687
- Net assets without donor restrictions
- -$130,837
- Net assets with donor restrictions
- $464,524
- Gross receipts
- $516,330
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- IL
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 |
|---|---|---|---|
| Kristy Farrakhan | CEO Trustee or director, Officer | 40 | $65,000 |
| Selena Berry | Program Manager Key employee | 30 | $45,000 |
| Tammera Holmes | CEO- Former Former | 30 | $22,500 |
| Sherrelle Withers | Vice President Trustee or director, Officer | 2 | $0 |
| Kimmy Charles | Treasurer Trustee or director, Officer | 5 | $0 |
| Denise McKinney | Director Trustee or director | 1 | $0 |
| Thomas Keys | Director Trustee or director | 1 | $0 |
| Tondalaya Lloyd | Director Trustee or director | 1 | $0 |
| Trista Bonds | Director Trustee or director | 1 | $0 |
| Kimberly McCommon | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tammera Holmes | CEO Trustee or director, Officer | 40 | $55,000 |
| Sherrelle Withers | Vice President Trustee or director, Officer | 2 | $0 |
| Kimmy Butler | Treasurer Trustee or director, Officer | 5 | $0 |
| Denise McKinney | Director Trustee or director | 1 | $0 |
| Thomas Keys | Director Trustee or director | 1 | $0 |
| Tondalaya Lloyd | Director Trustee or director | 1 | $0 |
| Trista Bonds | Director Trustee or director | 1 | $0 |
| Kimberly McCommon | Director Trustee or director | 1 | $0 |
| Kristy Farrakhan | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 122 S MICHIGAN AVE STE 1390, CHICAGO, IL 60603-6036
- In care of
- % TAMMERA HOLMES
- Principal officer (990 for 2024)
- Kimmy Charles, 122 S Michigan 1390, Chicago, IL 60603
- Signed the 990
- Kimmy Charles, Treasurer
- Phone
- (312) 883-6383
- Website
- https://avioninstitute.org/
- Return prepared by
- MUHAMMAD CPA & ASSOCIATES LLC
Mission
See Schedule O .
Program accomplishments
- Aerostars program exist with the vision to enhance, promote and support the academic awareness of aviation and aeronautical career path opportunities for students, particularly female, minority, underprivileged and at-risk youth. By providing aviation academic curriculum development, programs, activities, and support services for youth Grades K-12, interested in Science, Technology, Engineering and Math, Aerostar has paved the way for the future of our industryExpenses $96,783 · revenue $34,350
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
- 82-4591587
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $340,300
- Income (IRS master file)
- $516,330
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $516,330 | $243,663 | $340,300 | XML |
| 990 | December 2023 | $246,789 | $260,201 | $112,812 | XML |
| 990 | December 2022 | $212,189 | $354,250 | $21,435 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | 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 82-4591587).
Questions about AEROSTAR AVION INSTITUTE
- What is the EIN of AEROSTAR AVION INSTITUTE?
- The employer identification number (EIN) of AEROSTAR AVION INSTITUTE is 82-4591587.
- Is AEROSTAR AVION INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to AEROSTAR AVION INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AEROSTAR AVION INSTITUTE 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 AEROSTAR AVION INSTITUTE 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 AEROSTAR AVION INSTITUTE 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 AEROSTAR AVION INSTITUTE?
- The 990 for the year ended December 31, 2024 names Kimmy Charles.
- Who are the officers and directors of AEROSTAR AVION INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $65,000 (Kristy Farrakhan, CEO).
- How much revenue does AEROSTAR AVION INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $516,330, expenses of $243,663 and total assets of $340,300 at year end.
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