Nonprofit · EIN 87-1896099
MOMENT FOUNDATION
Tax-exempt · RENO, NV 89523
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $485,340 | $501,581 | -$16,241 | $693,664 | $0 | $693,664 |
| December 31, 2023 | 990 | $678,572 | $275,415 | $403,157 | $709,905 | $0 | $709,905 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $484,573
- Program service revenue
- $0
- Investment income
- $767
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $48,000
- Salaries, compensation and benefits (total)
- $48,000
- Professional fundraising fees
- $0
- Depreciation
- $102,978
- Program services (functional)
- $208,573
- Management and general (functional)
- $3,484
- Fundraising (functional)
- $289,524
Balance sheet and other
- Total assets, start of year
- $709,905
- Total assets, end of year
- $693,664
- Total liabilities, end of year
- $0
- Net assets, end of year
- $693,664
- Land, buildings and equipment
- $617,111
- Net assets without donor restrictions
- $693,664
- Gross receipts
- $485,340
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2021
- State of legal domicile
- NV
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 |
|---|---|---|---|
| Grant Korgan | Executive Director Officer | 0 | $48,000 |
| Kim Anastassatos | Vice Chair Officer | 0 | $0 |
| Jeffrey Allard | Treasurer Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Grant Korgan | Executive Director Officer | 0 | $48,000 |
| Jeffrey Allard | Treasurer Officer | 0 | $0 |
| Kim Anastassatos | Vice Chair Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2886 CEDAR RIDGE DR, RENO, NV 89523-2866
- In care of
- % GRANT KORGAN
- Mailing address (990-N for 2021)
- 2886 Cedar Ridge Drive, Reno NV 89523
- Principal officer (990 for 2024)
- Grant Korgan, 2886 Cedar Ridge Drive, Reno, NV 89523
- Principal officer (990-N for 2021)
- Grant Korgan, 2886 Cedar Ridge Drive, Reno NV 89523
- Signed the 990
- GRANT KORGAN, Executive Director
- Website
- https://momentfoundation.org
- Return prepared by
- Connie Christiansen CPA
Mission
The Foundation serves to lift people up! It seeks to positively impact individuals who have been through life challenges, to gain a renewed perspective via the experience of aviation and create inspirational media content which illuminates the magic of empowering storytelling.
Program accomplishments
- In 2024, our airplane was temporarily grounded due to significant engine repairs, which were necessary to ensure saftely and long-term mission readiness. Despite the down time, the Moment Foundation provided life-changing flights for 59 people, including veterans, individuals facing life-altering injuries or illness, first responders, and animals in need.Expenses $208,573
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
- 87-1896099
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F30)
- Assets (IRS master file)
- $693,664
- Income (IRS master file)
- $485,340
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $485,340 | $501,581 | $693,664 | XML |
| 990 | December 2023 | $678,572 | $275,415 | $709,905 | XML |
| 990 | December 2022 | $360,989 | $54,296 | $306,748 | IRS |
| 990-N for 2021 Officer: Grant Korgan | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-1896099).
Questions about MOMENT FOUNDATION
- What is the EIN of MOMENT FOUNDATION?
- The employer identification number (EIN) of MOMENT FOUNDATION is 87-1896099.
- Is MOMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MOMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOMENT 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 MOMENT 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 MOMENT 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 MOMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names Grant Korgan.
- Who are the officers and directors of MOMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $48,000 (Grant Korgan, Executive Director).
- How much revenue does MOMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $485,340, expenses of $501,581 and total assets of $693,664 at year end.
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All nonprofits in RENO · Nevada · Mental health and crisis intervention