Langley Flight Foundation
Nonprofit profile at a glance
- EIN
- 863384543
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Fredericksburg, VA, USA
- Phone
- 5402737498
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $54,160
- Expenses
- $382,094
- Assets
- $331,052
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Philip Christopher Hornung (President)
- Philip Edward Hornung (Vice President)
People named in this filing
- Philip Christopher Hornung (President)
- Philip Edward Hornung (Vice President)
- Susan C Henderson (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundations mission is to i. Commemorate the life and accomplishments of Professor Samuel Pierpont Langley, with a major emphasis on his heavier than air sustained mechanical flights in Stafford County, Virginia., ii. Exhibit an exact replica of Langley's New Flying Machine, Aerodrome No. 5, the first aircraft to achieve heavier than air sustained mechanical flight, and original items from Langley's Smithsonian workshop, and conduct research, produce educational documentaries and sponsor outreach activities that will serve not only students of aviation history, but all audiences, and iii. inspire people to foster an appreciation for the importance of flight to humanity through the creation of programs, events, and exhibitions to better engage and educate the public.
What it reported doing in 2024
Construction of reproduction of Samuel Pierpont Langley's Aerodrome No. 5 aircraft was completed in May 2024. Final payments to reproduction contractor and interpretive programming contractor were made in 2024. Display is housed at the Stafford Regional Airport and is free to the public to the public to inspire pursuit of STEM education careers.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 85
- Accountability: 82
- Sustainability: 25
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.2%; rating input score 92
- Fundraising efficiency: $5.2 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -605.5%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 105.8% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: -18.2% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: 52.4% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.2% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $352K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Highest-paid contractors: 1 contractor listed · $125K reported
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.