Vertical Flight Foundation

Fairfax, VA
Tax-exempt since Aug. 1967
EIN: 23-6428319

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$113k (2023)

Expenses

$100k (2023)

Total Assets

$1.56M (2023)

Total Liabilities

$145k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$113,210

Expenses

$100,000

Net Income

$13,210

Net Assets

$1,413,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$65,880	58.2%
Program Services	$0
Investment Income	$32,529	28.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$14,801	13.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,559,288
Total Liabilities	$145,459
Net Assets	$1,413,829

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Hirschbeg (Executive Director (Jan May))	$0	$183,419	$7,054
Angelo Collins (Executive Director (June Present))	$0	$134,624	$2,102
Tomasz Krysinski (Trustee)	$0	$0	$0
Harry Nahatis (Trustee)	$0	$0	$0
Kathleen Kj Jolivette (Trustee)	$0	$0	$0

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990

Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$74,371

Expenses

$108,024

Net Income

-$33,653

Net Assets

$1,266,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$79,733	> 100%
Program Services	$0
Investment Income	$43,305	58.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$48,667
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,329,171
Total Liabilities	$62,379
Net Assets	$1,266,792

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Hirschberg (Executive Dir.)	$0	$211,865	$0
Tomasz Krysinski (Trustee)	$0	$0	$0
Mark Cherry (Trustee)	$0	$0	$0
Harry Nahatis (Trustee)	$0	$0	$0

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990

Filed on Nov. 16, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$118,036

Expenses

$115,832

Net Income

$2,204

Net Assets

$1,703,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$33,997	28.8%
Program Services	$0
Investment Income	$32,853	27.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$51,186	43.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,752,812
Total Liabilities	$49,077
Net Assets	$1,703,735

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Hirschberg (Executive Dir.)	$0	$196,847	$0
Paul Lemmo (Trustee)	$0	$0	$0
Tomasz Krysinski (Trustee)	$0	$0	$0
Mark Cherry (Trustee)	$0	$0	$0

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990

Filed on Nov. 16, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending Dec.
2020

Revenue

$985,710

Expenses

$108,376

Net Income

$877,334

Net Assets

$1,567,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$939,072	95.3%
Program Services	$0
Investment Income	$42,001	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,637	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,584,863
Total Liabilities	$16,926
Net Assets	$1,567,937

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Hirschberg (Executive Dir.)	$0	$177,874	$13,852
Uncompensated Board Members (Directors)	$0	$0	$0

990

Filed on Nov. 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$47,718

Expenses

$106,675

Net Income

-$58,957

Net Assets

$611,133

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,926	37.6%
Program Services	$0
Investment Income	$28,686	60.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,106	2.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$679,296
Total Liabilities	$68,163
Net Assets	$611,133

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Hirschberg (Executive Dir.)	$0	$185,887	$14,476
Uncompensated Board Members (Directors)	$0	$0	$0

990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$84,277

Expenses

$100,208

Net Income

-$15,931

Net Assets

$584,551

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$45,951	54.5%
Program Services	$0
Investment Income	$31,112	36.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,214	8.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$620,640
Total Liabilities	$36,089
Net Assets	$584,551

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$90,723

Expenses

$87,010

Net Income

$3,713

Net Assets

$682,131

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$52,769	58.2%
Program Services	$0
Investment Income	$28,033	30.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$9,921	10.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$706,671
Total Liabilities	$24,540
Net Assets	$682,131

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$88,214

Expenses

$83,935

Net Income

$4,279

Net Assets

$595,098

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$58,318	66.1%
Program Services	$0
Investment Income	$21,207	24.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,689	9.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$642,408
Total Liabilities	$47,310
Net Assets	$595,098

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$300,210

Expenses

$80,141

Net Income

$220,069

Net Assets

$590,819

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$255,815	85.2%
Program Services	$0
Investment Income	$42,747	14.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,648	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$644,339
Total Liabilities	$53,520
Net Assets	$590,819

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$61,400

Expenses

$50,944

Net Income

$10,456

Net Assets

$433,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$41,385	67.4%
Program Services	$0
Investment Income	$18,432	30.0%
Net Fundraising	$0
Sales of Assets	$1,583	2.6%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$469,662
Total Liabilities	$36,034
Net Assets	$433,628

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$81,845

Expenses

$60,684

Net Income

$21,161

Net Assets

$423,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,164	30.7%
Program Services	$0
Investment Income	$18,804	23.0%
Net Fundraising	$0
Sales of Assets	$37,877	46.3%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$454,291
Total Liabilities	$31,119
Net Assets	$423,172

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$77,998

Expenses

$60,328

Net Income

$17,670

Net Assets

$402,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,257	31.1%
Program Services	$0
Investment Income	$19,265	24.7%
Net Fundraising	$0
Sales of Assets	$34,476	44.2%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$476,858
Total Liabilities	$74,847
Net Assets	$402,011

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$10,870

Expenses

$37,667

Net Income

-$26,797

Net Assets

$384,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$38,941	> 100%
Program Services	$0
Investment Income	$19,716	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$47,787
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$426,593
Total Liabilities	$42,252
Net Assets	$384,341

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$71,857

Expenses

$33,294

Net Income

$38,563

Net Assets

$411,138

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$28,999	40.4%
Program Services	$0
Investment Income	$17,651	24.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$25,207	35.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$454,949
Total Liabilities	$43,811
Net Assets	$411,138

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Vertical Flight Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $113k (2023)

Expenses $100k (2023)

Total Assets $1.56M (2023)

Total Liabilities $145k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from 990-EZ

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990-EZ

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from 990-EZ

Document Links

990-EZ

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$113k (2023)

Expenses

$100k (2023)

Total Assets

$1.56M (2023)

Total Liabilities

$145k (2023)

Fiscal Year Ending Dec.
2023

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2022

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