Tango Flight Inc
- Assets
- $2.3m
- Revenue
- $648.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Georgetown, TX
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 82-0652617
Organization Overview
Tango Flight Inc is located in Georgetown, TX. The organization was established in 2017. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Tango Flight Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tango Flight Inc 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 12/2023, Tango Flight Inc generated $648.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $572.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TANGO FLIGHT INC. IS AN EDUCATIONAL NON-PROFIT COMPANY CREATED TO INSPIRE THE NEXT GENERATION OF ENGINEERS, PILOTS, AVIATION MECHANICS AND TECHNICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE1-TANGO FLIGHT INC., WITH THE HELP OF 243 AIRCRAFT EXPERIENCED MENTORS PROVIDING 13,122 VOLUNTEER SERVICE HOURS, WAS ABLE TO PROVIDE 443 HIGH SHCOOL STUDENTS A TOTAL OF 39,870 HOURS OF HANDS-ON EXPERIENCE IN THE CONSTRUCTION OF AN FAA CERTIFIED PLANE. TANGO FLIGHT, MENTOR AND STUDENT EFFORTS HAVE RESULTED IN A TOTAL OF 19 COMPLETED AIRCRAFT AND SUBSTANTIAL PROGRESS ON 30 MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tl Daniel L Weyant Executive Director | Officer | 25 | $150,000 |
Marlin C Anthony Chairman | OfficerTrustee | 10 | $120,000 |
Lee Geiser Board Member | Trustee | 5 | $0 |
Aaron Hollander Treasurer | Trustee | 5 | $0 |
John Craparo Secretary | Officer | 5 | $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 | $72,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,282 |
| Total Program Service Revenue | $118,980 |
| 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 | $456,791 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,053 |
| 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. | $270,000 |
| Compensation of current officers, directors, key employees. | $67,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,170 |
| Other employee benefits | $0 |
| Payroll taxes | $20,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,845 |
| Advertising and promotion | $8,484 |
| Office expenses | $1,936 |
| Information technology | $269 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,788 |
| 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 | $0 |
| Insurance | $11,582 |
| All other expenses | $13,093 |
| Total functional expenses | $571,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,260 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,798,291 |
| 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 | $2,266,835 |
| Accounts payable and accrued expenses | $938 |
| 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 | $1,379,266 |
| Total liabilities | $1,380,204 |
| Net assets without donor restrictions | $886,631 |
| 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 | $2,266,835 |