Midway Airlines Terminal Consortium
- Assets
- $5.0m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 36-4191134
Organization Overview
Midway Airlines Terminal Consortium is located in Chicago, IL. The organization was established in 1999. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midway Airlines Terminal Consortium is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Midway Airlines Terminal Consortium generated $16.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $16.8m during the year ending 12/2021. While expenses have increased by 3.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MATCO PROVIDES SERVICES TO IMPROVE OPERATIONAL EFFICIENCY AND EXPAND THE CAPACITY OF MIDWAY INTERNATIONAL AIRPORT'S TERMINAL BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDWAY AIRLINES' TERMINAL CONSORTIUM ("MATCO") WAS ESTABLISHED BY CERTAIN MIDWAY AIRLINES WHICH ARE SIGNATORY AIRLINES OF THE CHICAGO MIDWAY AIRPORT USE AGREEMENT AND FACILITIES LEASE TO DEVELOP AND OPERATE AIRLINE TERMINAL EQUIPMENT, SYSTEMS, AND FACILITIES AT MIDWAY AIRPORT. MATCO HAS THE RESPONSIBILITY FOR THE PLANNING, DESIGN, PROCUREMENT, INSTALLATION, START-UP, AND OPERATION OF THE AIRLINE EQUIPMENT TO BE USED AT CHICAGO MIDWAY AIRPORT.
MATCO WORKS IN COOPERATION WITH THE CITY OF CHICAGO AND THE AIRLINES AND SERVES THE PURPOSE OF ENSURING THE AVAILABILITY OF SAFE, RELIABLE, AND TOP QUALITY AIRLINE EQUIPMENT FOR THE COMMON USE OF ALL AIRLINES IN PROVIDING PASSENGER RELATED SERVICES AT CHICAGO MIDWAY AIRPORT THROUGH ITS EFFORTS TO DEVELOP AND OPERATE THE AIRLINE TERMINAL EQUIPMENT, SYSTEMS, AND FACILITIES AS OUTLINED ABOVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Peters Vice Chair | OfficerTrustee | 0.1 | $0 |
David Sellers Chairman | OfficerTrustee | 2 | $0 |
Rhonda Avila Treasurer | Officer | 0.1 | $0 |
Sandy Ayesh Secretary | Officer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Business Provider Terminal Union Mechanical Services | 12/30/21 | $5,394,587 |
Prospect Airport Services Inc Airport Wheelchair & Transport Services | 12/30/21 | $5,153,830 |
Asig - Midway Airport Fueling System Services | 12/30/21 | $1,343,214 |
Diverse Facility Solutions Airport Passengers Services | 12/30/21 | $1,183,531 |
American Building Maint Airport Custodial Services | 12/30/21 | $654,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $16,801,837 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,801,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $985,938 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,573,658 |
| Advertising and promotion | $0 |
| Office expenses | $50,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $449,229 |
| All other expenses | $16,972 |
| Total functional expenses | $16,810,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $289,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,662,756 |
| 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 | $63,852 |
| 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 | $5,016,144 |
| Accounts payable and accrued expenses | $4,986,502 |
| 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 | $4,986,502 |
| Net assets without donor restrictions | $4,642 |
| Net assets with donor restrictions | $25,000 |
| 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 | $5,016,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
Sdco 2121 Belmont Inc Chicago, IL | $50,394,223 | $3,094,881 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Financial & Insurance Conference Professionals Chicago, IL | $5,858,048 | $2,460,356 |
Surplus Line Association Of Illinois Chicago, IL | $9,048,277 | $3,089,072 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,277,728 | $2,372,301 |