Daedalian Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $417,777
- Spending
- $710,033
- Spent on programs
- 73%
- Reserves
- 24 months of spending
- Largest source of income
- donations and private grants, 56%
- Employees
- 0
- Volunteers
- 200
- Highest pay
- $132,388, executive di
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 41% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 24.0 months of spending.
Debt
20 of 20It owes 10% of what it owns.
Living within its means
0 of 15Spending exceeded income by 70% of income.
Income trend
0 of 15Income fell 40% on the year before.
Spending floor
15 of 1573% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 95% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 2514 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $193,135 spent. PREPARATION, PUBLISHING AND DISTRIBUTION OF THE "DAEDALUS FLYER", A QUARTERLY MAGAZINE DOCUMENTING THE HISTORY OF MILITARY AVIATION AND ENCOURAGING AN INTEREST IN AVIATION AND AERONAUTICS. THE PUBLICATION INCLUDES INFORMATION ON NATIONAL AND LOCAL FLIGHT ACTIVITIES INCLUDING SPEAKERS, AWARDS AND PRESENTATIONS.
- $322,660 spent. 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. 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.
- MATCHING AND OTHER SCHOLARSHIPS TO ENCOURAGE STUDY AND TRAINING IN ACTIVITIES LEADING TO CAREERS AS COMMISSIONED MILITARY PILOTS.
- MATCHING AND OTHER SCHOLARSHIPS TO ENCOURAGE STUDY AND TRAINING IN ACTIVITIES LEADING TO CAREERS AS COMMISSIONED MILITARY PILOTS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1960.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.