First Flight Rentals Foundation
First Flight Rentals Foundation is a private foundation focused on Education, based in Kill Devil Hills, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 3 grants totaling $4K.
Key facts about First Flight Rentals Foundation
- EIN
- 92-1327111
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $3,500
- Grants made (2024)
- 3
- Average grant
- $1,167
- Median grant
- $1,500
- Total assets
- $1,758
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who First Flight Rentals Foundation funds
By grant dollars, the top recipient states for First Flight Rentals Foundation's 3 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were Raleigh, NC (2 grants). None of its 3 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship Award" (3 grants).
How First Flight Rentals Foundation gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with First Flight Rentals Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
-21.7% YoY
Annual Giving
$4K
+133.3% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$1K
-22.2% YoY
Under IRS private-foundation payout rules, First Flight Rentals Foundation reported a distributable amount of $202 for 2024 — the minimum it must pay out in qualifying distributions.
About First Flight Rentals Foundation
Based on IRS filings
First Flight Rentals Foundation is a private foundation focused on Education, based in Kill Devil Hills, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 3 grants totaling $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,758 | $2,245 | — |
| Revenue | $4,210 | $5,820 | — |
| Expenses | $4,697 | $3,575 | — |
| Qualifying Distributions | $3,500 | $1,500 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $202 | $71 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Jamie Holcomb North Carolina State ($1,500), Samantha Vargas the University of N ($1,500), Hailey Radogna North Carolina State ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| JAMIE HOLCOMB NORTH CAROLINA STATE Raleigh, NC | SCHOLARSHIP AWARD | $1,500 |
| SAMANTHA VARGAS THE UNIVERSITY OF N Chapel Hill, NC | SCHOLARSHIP AWARD | $1,500 |
| HAILEY RADOGNA NORTH CAROLINA STATE Raleigh, NC | SCHOLARSHIP AWARD | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jeff Fabrikant | President | 3 | — |
| Lesley Moore | Secretary | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is First Flight Rentals Foundation?
First Flight Rentals Foundation is a private foundation focused on Education, based in Kill Devil Hills, NC. It holds $2K in total assets as of 2024.
How large is First Flight Rentals Foundation?
As of 2024, First Flight Rentals Foundation holds $2K in total assets with $4K in annual revenue. It awarded 3 grants totaling $4K in 2024.
Where does First Flight Rentals Foundation operate?
First Flight Rentals Foundation has awarded grants in North Carolina.
What size grants does First Flight Rentals Foundation award?
In 2024, First Flight Rentals Foundation awarded 3 grants totaling $4K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is First Flight Rentals Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Flight Rentals Foundation reported a distributable amount of $202 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is First Flight Rentals Foundation's EIN?
First Flight Rentals Foundation's EIN (Employer Identification Number) is 92-1327111. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.