Nonprofit · EIN 92-1211076
PENNYS FLIGHT FOUNDATION INC
Tax-exempt · GLEN COVE, NY 11542
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $2,062,467 | $1,046,844 | $1,015,623 | $2,444,907 | $910 | $2,443,997 |
| December 31, 2024 | 990-EZ | -$23,811 | $1,491 | -$25,302 | $2,236 | – | $775,956 |
| December 31, 2023 | 990 | $1,683,901 | $1,316,319 | $367,582 | $1,462,194 | $660,936 | $801,258 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,950,586
- Program service revenue
- $0
- Investment income
- $97,769
- Net gain from sales of assets
- $59,183
- Net income from sales of inventory
- $14,112
- Other revenue
- $14,112
Expenses
- Grants and similar amounts paid
- $110,199
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $201,302
- Salaries, compensation and benefits (total)
- $201,302
- Professional fundraising fees
- $0
- Travel
- $18,622
- Depreciation
- $1,491
- Program services (functional)
- $355,188
- Management and general (functional)
- $105,356
- Fundraising (functional)
- $586,300
Balance sheet and other
- Total assets, start of year
- $1,462,194
- Total assets, end of year
- $2,444,907
- Total liabilities, end of year
- $910
- Net assets, end of year
- $2,443,997
- Land, buildings and equipment
- $2,236
- Net assets without donor restrictions
- $2,443,997
- Gross receipts
- $2,081,832
- Employees
- 1
- Year formed
- 2022
- 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 |
|---|---|---|---|
| Katherine Doerge | Director Trustee or director | 20 | $132,000 |
| Megan Grant | Director Trustee or director | 5 | $0 |
| Scott Willard | Director Trustee or director | 5 | $0 |
| Carl Doerge | Director Trustee or director | 10 | $0 |
| Kearney Staniford | Director Trustee or director | 5 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Megan Grant | Director | 5 | $0 |
| Scott Willard | Director | 5 | $0 |
| Katherine Doerge | Director | 20 | $0 |
| Carl Doerge | Director | 10 | $0 |
| Kearney Staniford | Director | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine Doerge | Director Trustee or director | 20 | $77,000 |
| Megan Grant | Director Trustee or director | 5 | $0 |
| Scott Willard | Director Trustee or director | 5 | $0 |
| Carl Doerge | Director Trustee or director | 10 | $0 |
| Kearney Staniford | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 65 DUCK POND RD, GLEN COVE, NY 11542-3112
- Principal officer (990 for 2024)
- Carl Doerge, 65 Duck Pond Rd, Glen Cove, NY 11542
- Signed the 990
- Carl Doerge, Director
- Return prepared by
- Private Management Services Inc
Mission
The organization is committed to advancing scientific research and improving the lives of individuals affected by Neurofibromatosis NF1.
Program accomplishments
- Penny's Flight Foundation was started in December 2022. The nonprofit intends to use grants and donations to support is charitable mission by supporting research for Neurofibromatosis. The nonprofit sells merchandise and other personal property to bring awareness and help generate revenue in support of it's mission.Expenses $355,188 · grants $110,199 · revenue $1,950,586
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 | 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
- 92-1211076
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Medical research (H80)
- Assets (IRS master file)
- $2,444,907
- Income (IRS master file)
- $2,081,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-EZ | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,683,901 | $1,316,319 | $1,462,194 | IRS |
| 990 | December 2022 | $645,390 | $38,738 | $606,652 | 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 PENNYS FLIGHT FOUNDATION INC
- What is the EIN of PENNYS FLIGHT FOUNDATION INC?
- The employer identification number (EIN) of PENNYS FLIGHT FOUNDATION INC is 92-1211076.
- Is PENNYS FLIGHT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PENNYS FLIGHT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNYS FLIGHT FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PENNYS FLIGHT FOUNDATION 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 PENNYS FLIGHT FOUNDATION 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 PENNYS FLIGHT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Carl Doerge.
- Who are the officers and directors of PENNYS FLIGHT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $132,000 (Katherine Doerge, Director).
- How much revenue does PENNYS FLIGHT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,062,467, expenses of $1,046,844 and total assets of $2,444,907 at year end.
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