Fly Gateway Aviation Institute
- Assets
- $961.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, DE
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 82-4951965
Organization Overview
Fly Gateway Aviation Institute is located in New Castle, DE. The organization was established in 2019. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fly Gateway Aviation Institute 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 12/2021, Fly Gateway Aviation Institute generated $1.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
FLY GATEWAY AVIATION INSTITUTE'S PRIMARY PURPOSE IS TO PROVIDE ACCESSIBLE EDUCATION THROUGH QUALITY FLIGHT TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOALS OF FLYGATEWAY AVIATION INSTITUTE WILL BE TO PROMOTE AVIATION THROUGH EDUCATION, MENTORSHIP, TECHNOLOGY AND INNOVATION. THE CORPORATION WILL FOCUS ON THE CRITICAL EDUCATIONAL OBJECTIVE OF SUPPORTING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. THE CORPORATION WILL PROVIDE EDUCATION PROGRAMS TO INDIVIDUALS INTERESTED IN LEARNING ABOUT AVIATION, INCLUDING, BUT NOT LIMITED THROUGH SEMINARS, CLASSES, AND EXTENDED LEARNING OPPORTUNITIES IN ALL AREAS OF AVIATION, INCLUDING, AIRPORT MANAGEMENT, PLAN MAINTENANCE, ACTUAL AVIATION AND FLIGHT-RELATED EDUCATION.THE CORPORATION'S PRIMARY FUNCTION WILL BE THE PRESENTATION OF FORMAL INSTRUCTION IN AVIATION. ALL OTHER ACTIVITIES OF THE CORPORATION, IF ANY, WILL BE IN FURTHERANCE OF THE OPERATION OF A FLIGHT SCHOOL OR BE MERELY INCIDENTAL TO THE FLIGHT SCHOOL'S OPERATION. THE CORPORATION HAS ESTABLISHED AN ACCELERATED TRAINING CURRICULUM, "ZERO TO HERO" PROGRAM, WHICH REGULARLY ENROLLS STUDENTS TO START WITH ZERO TIME IN AN AIRCRAFT. WITHIN SIX MONTHS OF INTENSIVE TRAINING, THE STUDENTS HAVE THE ABILITY TO EARN THEIR PRIVATE, INSTRUMENT, COMMERCIAL AND MULTI-ENGINE CERTIFICATES.THE CORPORATION WILL ALSO CONTINUE ENGAGING AND REGULARLY MAINTAINING QUALIFIED TEACHERS, INSTRUCTORS OR OTHER QUALIFIED PERSONS WHO PERFORM THEIR DUTIES ON A RECURRENT BASIS. THE CORPORATION MAINTAINS FACILITIES WHERE ITS EDUCATIONAL ACTIVITIES WILL BE REGULARLY CARRIED ON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regis DE Ramel President And Secretary/tr | OfficerTrustee | 0.5 | $0 |
John Bianrosa Director | Trustee | 0.5 | $0 |
Philip Timon Director | Trustee | 0.5 | $0 |
Rick Neihouse Director | Trustee | 0.5 | $0 |
Peter Vanderkley Director | Trustee | 0.5 | $0 |
Adam Doughty Director | Trustee | 0.5 | $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 | $435,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,600 |
| Total Program Service Revenue | $702,749 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,240,861 |
| 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 | $592,997 |
| Pension plan accruals and contributions | $3,074 |
| Other employee benefits | $38,433 |
| Payroll taxes | $41,192 |
| Fees for services: Management | $20,000 |
| Fees for services: Legal | $5,304 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,404 |
| Advertising and promotion | $1,000 |
| Office expenses | $49,207 |
| Information technology | $4,057 |
| Royalties | $0 |
| Occupancy | $96,552 |
| Travel | $682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403,511 |
| Insurance | $225 |
| All other expenses | $0 |
| Total functional expenses | $1,572,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,611 |
| 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 | $433,898 |
| Net Land, buildings, and equipment | $131,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $286,522 |
| Other assets | $0 |
| Total assets | $961,446 |
| 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 | $1,270,203 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $12,166 |
| Total liabilities | $1,432,369 |
| Net assets without donor restrictions | $0 |
| 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 | -$470,923 |
| Total liabilities and net assets/fund balances | $961,446 |