Nonprofit · EIN 99-1274952
ILM AEROSPACE FOUNDATION INC
Tax-exempt · WILMINGTON, NC 28403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $37,259 | $16,647 | $20,612 | $133,233 | $0 | $133,233 |
| June 30, 2024 | 990-EZ | $114,811 | $2,190 | $112,621 | $112,621 | $0 | $112,621 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $37,994
- Investment income
- $2,924
- Net income from fundraising events
- -$3,659
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $7,175
- Printing, publications and postage
- $900
- Other expenses
- $8,572
- Program services (functional)
- $8,018
Balance sheet and other
- Total assets, start of year
- $112,621
- Total assets, end of year
- $133,233
- Total liabilities, end of year
- $0
- Net assets, end of year
- $133,233
- Cash, savings and investments
- $133,233
- Gross receipts
- $46,873
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Cherry | Chairman | 2 | $0 |
| Lee Williams | Vice Chairman | 2 | $0 |
| Mary Margaret McEachern | Secretary | 2 | $0 |
| Thomas Barber | Treasurer | 2 | $0 |
| Thomas Wolfe | Director | 2 | $0 |
| Tom Kreamer | Director | 2 | $0 |
| Tom Goodwin | Director | 2 | $0 |
990-EZ for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM CHERRY | CHAIRMAN | 2 | $0 |
| THOMAS WOLF | DIRECTOR | 2 | $0 |
| THOMAS BARBER | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 230 GOVERNMENT CENTER DR STE 125 1, WILMINGTON, NC 28403-1740
- In care of
- % JEFFREY BOURK
- Signed the 990-EZ
- William Cherry, Chairman
- Phone
- (910) 341-4333
- Website
- www.FlyILM.com/foundation
- Return prepared by
- EARNEY Accountants & Advisors PLLC
Mission
To facilitate aviation education.
Program accomplishments
- To educate and to promote aerospace, general aviation and aviation-related employment, and education, for residents of the ILM Airport service area, particularly New Hanover, Pender and Brunswick Counties, with a focus on youth.Expenses $2,198
- Cape Fear General Aviation Day is an annual event at held at Wilmington International Airport. Pilots, mechanics, air traffic controllers and aviations enthusiasts enjoy networking, educational presentations, and static displays.Expenses $5,820
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 99-1274952
- 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
- 2025
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $133,233
- Income (IRS master file)
- $46,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $37,259 | $16,647 | $133,233 | XML |
| 990-EZ | June 2024 | $114,811 | $2,190 | $112,621 | XML |
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 99-1274952).
Questions about ILM AEROSPACE FOUNDATION INC
- What is the EIN of ILM AEROSPACE FOUNDATION INC?
- The employer identification number (EIN) of ILM AEROSPACE FOUNDATION INC is 99-1274952.
- Is ILM AEROSPACE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to ILM AEROSPACE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILM AEROSPACE FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ILM AEROSPACE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILM AEROSPACE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of ILM AEROSPACE FOUNDATION INC?
- The 990-EZ for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ILM AEROSPACE FOUNDATION INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $37,259, expenses of $16,647 and total assets of $133,233 at year end.
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