Takeoff Institute Inc
- Assets
- $300.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 85-3497485
Organization Overview
Takeoff Institute Inc is located in New York, NY. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Takeoff Institute 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, Takeoff Institute Inc generated $120.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.1% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO OFFER A SUMMER FELLOWSHIP PROGRAM FOR BLACK UNDERGRADUATED STUDENTS THROUGH PROVIDING ADVISORS ONE ON ONE MENTORSHIP AND TRAINING FOR OUR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hollins President | 20 | $0 | |
Jane Lee Treasurer | 2 | $0 | |
Brian Hollins Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,778 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,778 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,245 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $192 |
| Other expenses | $15,376 |
| Total expenses | $33,813 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $300,493 |
| Other assets | $0 |
| Total assets | $300,493 |
| Total liabilities | $0 |
| Net assets or fund balances | $300,493 |