Daedalian Foundation

Nonprofit profile at a glance

EIN
741365823
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Jbsarandolph, TX, USA
Phone
2109452111
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Printing, Publishing

Reported finances

Revenue
$417,777
Expenses
$710,033
Assets
$4,019,804
Liabilities
$408,862

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Highest reported compensation

  • MAUREEN DEFELICE (EXECUTIVE DI): $132,388 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation's mission is threefold: to inspire young americans to pursue careers as military aviators via scholarships, flying instruction and other educational opportunities; to perpetuate the spirit of patriotism, love of country and the high ideals of self-sacrifice exemplified by the american pilots of world war i; and to raise and invest funds to advance the goals of the foundation's mission. At year end the foundation had 8,980 members.

What it reported doing in 2024

To provide scholarship opportunities to students who have demonstrated the desire and potential to become a commissioned military aviator. Daedalian flying training scholarships recognizes the efforts of candidates by providing the ground and flight training necessary to achieve a solo flight in a general aviation fixed wing aircraft. The foundation awards excellence in education with presentations to the top graduates of the flying training courses of the air force air education and training command, the naval air training command, the army aviation school, and the united states air force academy outstanding cadet in the order of graduation. The foundation also awards the prestigious junior reserve officer training corps (jrotc) medal to encourage the development of patriotism and service in jrotc participants interested in pursuing a military career.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 63% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 72.6%; rating input score 73
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -70%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 5.66; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 11.1% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 72.6% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $516K in reported program spending
  • Leadership: top reported pay $132K · 17 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.