Aeroangel Incorporated
- Assets
- $142.8k
- Revenue
- $258.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 27-1761097
Organization Overview
Aeroangel Incorporated is located in Denver, CO. The organization was established in 2010. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 06/2022, Aeroangel Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aeroangel Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Aeroangel Incorporated generated $258.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $306.3k during the year ending 06/2022. While expenses have increased by 24.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITY AIR TRANSPORTATION FOR SERIOUSLY ILL CHILDREN TO & FROM DISTANT, LIFE-SAVING MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLIGHT DONATION PROGRAM: AEROANGEL PROVIDES FREE PRIVATE JET FLIGHTS PRIMARILY TO SERIOUSLY ILL CHILDREN WHO HAVE NO SAFE OPTION TO TRAVEL TO AND FROM DISTANT, LIFESAVING MEDICAL CARE, SUCH AS A COMMERCIAL AIRLINE FLIGHT. IN ADDITION TO DONATED FLIGHTS, AEROANGEL PURCHASES CHARTER FLIGHTS EACH COSTING $15,000 - $20,000 OR MORE. AEROANGEL CURRENTLY RECEIVES MORE FLIGHT REQUESTS THAN IT CAN FILL. OUR GOAL IS A 100% FLIGHT FULFILLMENT RATE. DURING THE PAST FISCAL YEAR, AEROANGEL COMPLETED FLIGHTS, THE OPERATIONAL COSTS OF WHICH, WERE SEPARATELY VALUED ON ITS INCOME STATEMENT AT $594,686 BUT NOT REFLECTED AS REVENUE IN THIS RETURN. THE PUBLIC BENEFIT VALUE OF THESE FLIGHTS EXCEEDS ONE MILLION DOLLARS. GIVEN THE GROWING NEED, AEROANGEL IS WORKING TO BUILD ITS UNIQUE CHARITY FLIGHT MODEL [CONTINUED ON SCHEDULE O]TO SERVE MORE OF THE OVER 250 CHILDREN'S HOSPITALS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Paladino Program Director /volunteer Secretary (thru 8/21) | OfficerTrustee | 40 | $52,307 |
Mark Pestal Presidentchairman /volunteeer Executive Director | OfficerTrustee | 40 | $0 |
Brent Bythewood Secretary | OfficerTrustee | 2 | $0 |
Chris Metscher Treasurer | OfficerTrustee | 2 | $0 |
Mary Lou Hendrix Director (thru 8/21) | Trustee | 2 | $0 |
Greg Krochta Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $102,570 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,374 |
| Noncash contributions included in lines 1a–1f | $2,716 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,944 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,185 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,807 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $599 |
| Payroll taxes | $5,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,326 |
| Advertising and promotion | $5,522 |
| Office expenses | $11,950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99 |
| Travel | $28,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,277 |
| Total functional expenses | $306,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,705 |
| Savings and temporary cash investments | $130,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,767 |
| Accounts payable and accrued expenses | $20,897 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,897 |
| Net assets without donor restrictions | $121,870 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,767 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aeroangel Incorporated has recieved totaling $23,849.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $15,849 |
Taking Flight Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $8,000 |
Endowment Analysis
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Holbrook Ems Inc Holbrook, AZ | $1,855,750 | $1,941,946 |
Cherokee County Ambulance Association Inc Columbus, KS | $1,644,318 | $1,497,000 |
Salt Lake Urban Search & Rescue Task Force West Jordan, UT | $1,115,227 | $1,795,211 |
Marshall County Ems District Madill, OK | $0 | $1,305,836 |
Greater Paradise Valley Community Assistance Team Phoenix, AZ | $970,083 | $1,302,392 |
Monte Vista Community Ambulance Service Monte Vista, CO | $1,102,858 | $1,237,897 |
White Mountain Ambulance Service Inc Springerville, AZ | $1,665,648 | $1,169,514 |
Silverton San Juan County Ambulance Association Inc Silverton, CO | $553,180 | $721,862 |