Nonprofit · EIN 94-6138241
FLYING TWENTY INC
Tax-exempt · SAN JOSE, CA 95128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $272,294 | $204,920 | $67,374 | $501,514 | $0 | $501,514 |
| December 31, 2023 | 990-EZ | $178,943 | $164,670 | $14,273 | $426,845 | – | $426,845 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $232,248
- Investment income
- $40,046
- Net gain from sales of assets
- $23,656
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,860
- Occupancy
- $15,787
- Depreciation
- $15,875
- Program services (functional)
- $187,506
- Management and general (functional)
- $17,414
Balance sheet and other
- Total assets, start of year
- $426,845
- Total assets, end of year
- $501,514
- Total liabilities, end of year
- $0
- Net assets, end of year
- $501,514
- Land, buildings and equipment
- $91,293
- Publicly traded securities
- $289,720
- Net assets without donor restrictions
- $501,514
- Gross receipts
- $284,216
- Employees
- 0
- Year formed
- 1984
- State of legal domicile
- CA
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 |
|---|---|---|---|
| Alexander Sandy | President Trustee or director, Officer | 5 | $0 |
| Juan Hernandez | Treasurer Trustee or director, Officer | 5 | $0 |
| Ethan Fletcher | Vice President Trustee or director, Officer | 5 | $0 |
| Michael Gaudreau | Secretary Trustee or director | 5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nhat Doan | President | 5 | $0 |
| Juan Hernandez | Treasurer | 5 | $0 |
| Sierra Brannon Young | Vice President | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 535 MACARTHUR AVE, SAN JOSE, CA 95128-2133
- In care of
- % BARRY MIRKIN
- Principal officer (990 for 2024)
- Alexander Sandy, 535 MacArthur Ave, San Jose, CA 95128
- Signed the 990
- Alexander Sandy, President
- Phone
- (408) 307-7442
- Website
- www.flying20.com
- Return prepared by
- James Wai CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 94-6138241 or by the name FLYING TWENTY INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROVIDE LOW COST FLIGHT TRAINING TO STUDENTS WHO ARE PURSUING A CAREER IN THE FLIGHT INDUSTRY
Program accomplishments
- PROVIDE LOW COST FLIGHT TRAINING TO STUDENTS WHO ARE PURSUING A CAREER IN THE FLIGHT INDUSTRY.Expenses $187,506 · revenue $232,248
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-EZ on file |
IRS record
- EIN
- 94-6138241
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N99Z)
- Assets (IRS master file)
- $501,514
- Income (IRS master file)
- $284,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $272,294 | $204,920 | $501,514 | XML |
| 990-EZ | December 2023 | $178,943 | $164,670 | $426,845 | XML |
| 990-EZ | December 2022 | – | – | – | 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 94-6138241).
Questions about FLYING TWENTY INC
- What is the EIN of FLYING TWENTY INC?
- The employer identification number (EIN) of FLYING TWENTY INC is 94-6138241.
- Is FLYING TWENTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to FLYING TWENTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLYING TWENTY 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 FLYING TWENTY 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 FLYING TWENTY 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 FLYING TWENTY INC?
- The 990 for the year ended December 31, 2024 names Alexander Sandy.
- Who are the officers and directors of FLYING TWENTY INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FLYING TWENTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $272,294, expenses of $204,920 and total assets of $501,514 at year end.
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