Flight Nine Academy
- Assets
- $19.7k
- Revenue
- $235.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/2016
- Data as of
- 12/2022
- EIN
- 81-4213776
Organization Overview
Flight Nine Academy is located in Dallas, TX. The organization was established in 2016. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flight Nine Academy 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, Flight Nine Academy generated $235.9k in total revenue. All expenses for the organization totaled $256.1k during the year ending 12/2022. While expenses have increased by 106.4% per year over the past 4 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
THE MISSION OF FLIGHT NINE ACADEMY, DBA HBCU HEROES, IS TO EMPOWER HBCU STUDENTS TO COMPETE IN CORPORATE AMERICA, BIG-TECH, ENTERTAINMENT, HEALTHCARE/WELLNESS, SPORTS MANAGEMENT, ENTREPRENEURIAL PATHWAYS AND MORE, TO MAKE SIGNIFICANT FINANCIAL STRIDES. WE AIM TO RAISE FUNDING TO LEVEL THE PLAYING FIELD FOR HBCU SPORTS PROGRAMS BY ASSISTING WITH THE SCHOLARSHIPS AND RESOURCES TO MEET THEIR ATHLETIC OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISED FUNDS THAT WERE PROVIDED TO HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO HELP BALANCE THE DIFFERENCES IN ATHLETIC FUNDING BETWEEN HBCU'S AND OTHER COLLEGES AND UNIVERSITIES. THESE RESOURCES HELPED NARROW THE DISPARITY BETWEEN THE SEEMINGLY UNLIMITED FUNDING, SPONSORS AND ALUMNI SUPPORT THAT DRIVES DIVISION I SCHOOLS VERSUS THE LIMITED RESOURCES THAT PLAGUE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES' ATHLETIC PROGRAMS.IN 2022, HBCU HEROES CONTINUED EFFORTS TO DECREASE GAPS WITH THE TECH AND EDUCATIONAL DIVIDES, CREATE DIGITAL & CAREER OPPORTUNITIES, AND INSPIRE GEN-Z HBCU-ERS AS THEY BECOME THE NEXT LEADERS OF THE WORLD. WE RAN THE "SECURE THE BAG CAREER FEST" SERIES WHERE WE CREATED AND HOSTED A MONTHLY CAREER FEST SERIES. OVER 200 INDUSTRY EXPERTS FROM TECH, FINANCE, ENTERTAINMENT, HEALTHCARE AND SPORTS TAUGHT PROFESSIONAL DEVELOPMENT SESSIONS TO OVER 5,000 HBCU PARTICIPANTS, FREE OF CHARGE, WITH TOPICS RANGING FROM NETWORKING, INTERVIEW SKILLS, RESUME WRITING, POLISHING ONLINE PROFIES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uti Middleton Director | Trustee | 1 | $0 |
Ricky Dudley Director | Trustee | 1 | $0 |
Tyrous Ingram Secretary | Trustee | 1 | $0 |
George Lynch President | Officer | 40 | $0 |
Tracy Pennywell Foundation Mgr. | Officer | 30 | $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 | $235,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,851 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $235,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,705 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,521 |
| Advertising and promotion | $2,329 |
| Office expenses | $2,988 |
| Information technology | $3,359 |
| Royalties | $0 |
| Occupancy | $20,000 |
| Travel | $21,645 |
| 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 | $311 |
| Insurance | $0 |
| All other expenses | $5,118 |
| Total functional expenses | $256,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,453 |
| Savings and temporary cash investments | $0 |
| 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 | $1,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,696 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $19,695 |
| 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 | $19,696 |