Airo
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Riverside, CA
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 46-1323254
Organization Overview
Airo is located in Riverside, CA. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Airo employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Airo 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 12/2022, Airo generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 34.2% per year over the past 8 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
AIRO EXISTS TO ELIMINATE BARRIERS TO ADVANCE THE GOSPEL TO THE UNREACHED. WITH ITS TWO PROGRAMS, THE GO FUND AND THE MISSIONS COURSE, AIRO SEEKS TO PLAY ITS PART IN THE GREAT COMMISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GO FUND IS OUR FLAGSHIP STUDENT DEBT REPAYMENT PROGRAM TO MOBILIZE MISSIONARY FAMILIES TO PLACES UNREACHED BY THE GOSPEL. THE PROGRAM UTILIZES THREE PHASES TO ELIMINATE STUDENT LOAN DEBT FOR OUR MISSIONARY PARTNERS: 1) QUALIFICATION - A CANDIDATE APPLIES ONLINE AND BEGINS THE PROCESS WITH OUR PROGRAM DIRECTOR, INCLUDING PHONE INTERVIEWS, A CREDIT CHECK, AND REFERENCE CHECKS. 2) SELECTION - THE CANDIDATE SUBMITS A MINISTRY OVERVIEW VIDEO AND IS INTERVIEWED BY A VOLUNTEER SELECTION COMMITTEE BEFORE A FINAL DECISION IS MADE. 3) MOBILIZATION - THE CANDIDATE SUBMITS POWER OF ATTORNEY FORMS, SIGNS GENERAL AGREEMENT, AND SCHEDULES COMMISSIONING MEETING WITH THEIR CHURCH BEFORE THEY HEAD TO THE FIELD. ONCE THE APPROVED MISSIONARY PARTNER IS WORKING AMONG THE UNREACHED ON THE MISSION FIELD, AIRO BEGINS TO MAKE MONTHLY PAYMENTS TOWARD THEIR STUDENT LOANS WITH A TEN YEAR REPAYMENT TARGET. PAYMENTS CONTINUE AS LONG AS THE MISSIONARY REMAINS IN THEIR ASSIGNMENT. FOR 2022, AIRO WAS PAYING MONTHLY STUDENT DEBT PAYMENTS FOR 59 MISSIONARY PARTNERS ON ASSIGNMENT. IN ADDITION, 40 MISSIONARY PARTNERS WERE APPROVED AND ARE AWAITING ASSIGNMENT. THE CUMULATIVE DEBT PAYMENT OBILIGATION FOR ALL APPROVED MISSIONARY PARTNERS OVER THE NEXT 10 YEARS IS ESTIMATED TO BE $5,626,672.
THE MISSIONS COURSE IS OUR SIX-WEEK VIDEO SERIES DESIGNED TO REVEAL GOD'S HEART FOR THE NATIONS AND INVITES BELIEVERS TO JOIN HIM IN HIS PLAN FOR REDEMPTION. THE MISSIONS COURSE INTRODUCES CHRISTIANS TO THE MISSION THAT GOD HAS GIVEN THEM AND INVITES THEM TO TAKE A SPEAKING ROLE IN HIS GLOBAL STORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mullen Chairman | Trustee | 1 | $0 |
Darla Donaldson Member | Trustee | 1 | $0 |
Craig Fullman Member | Trustee | 1 | $0 |
David Krake Member | Trustee | 1 | $0 |
Matt Messner Member | Trustee | 1 | $0 |
Rachel Singer Member | Trustee | 1 | $0 |
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 | $1,515,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,515,114 |
| Total Program Service Revenue | $0 |
| Investment income | $43,485 |
| 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 | $1,564,175 |
| 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 | $311,444 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,967 |
| Compensation of current officers, directors, key employees. | $32,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,845 |
| Pension plan accruals and contributions | $11,676 |
| Other employee benefits | $12,938 |
| Payroll taxes | $36,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,976 |
| Advertising and promotion | $0 |
| Office expenses | $42,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $53,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,343 |
| Insurance | $2,823 |
| All other expenses | $42,316 |
| Total functional expenses | $1,178,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,022 |
| Savings and temporary cash investments | $185,474 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $8,510 |
| Investments—publicly traded securities | $1,232,648 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,867 |
| Total assets | $1,913,521 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $190,850 |
| Net assets with donor restrictions | $1,722,671 |
| 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 | $1,913,521 |