Aviation Climate Taskforce Inc
- Assets
- $2.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2023
- EIN
- 87-2111650
Organization Overview
Aviation Climate Taskforce Inc is located in Atlanta, GA. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2023, Aviation Climate Taskforce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aviation Climate Taskforce 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, Aviation Climate Taskforce Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $1.2m 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
THE PURPOSE OF AVIATION CLIMATE TASKFORCE, INC. (THE ORGANIZATION") IS TO REDUCE, AND ULTIMATELY ELIMINATE, THE CARBON DIOXIDE EMISSIONS OF THE AVIATION SECTOR. IT WILL DO SO PRIMARILY BY SUPPORTING RESEARCH AND ACCELERATING BREAKTHROUGHS IN EMERGING DECARBONIZATION TECHNOLOGIES. IN THIS WAY, THE ORGANIZATION HOPES TO ELIMINATE A MATERIAL SOURCE OF THE WORLD'S CARBON DIOXIDE EMISSIONS AND HAVE A PROFOUND IMPACT IN THE FIGHT AGAINST CLIMATE CHANGE. THE ORGANIZATION WILL FULFILL ITS PURPOSE BY A PROGRAM OF SUPPORTING SCIENTIFIC DISCOVERY INTENDED TO DRIVE INNOVATION ACROSS THE DECARBONIZATION TECHNOLOGY RESEARCH AND DEVELOPMENT LIFECYCLE. MORE SPECIFICALLY, THE ORGANIZATION PLANS TO FUND EARLY-STAGE RESEARCH PROJECTS OF BOTH ACADEMIC AND PRIVATE-SECTOR RESEARCHERS IN THE FIELD OF DECARBONIZATION TECHNOLOGY. THE ORGANIZATION WILL ALSO FOSTER COLLABORATION IN THE DECARBONIZATION AND GREATER ENVIRONMENTALLY FOCUSED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTEON, INC. - GRANT TO PIONEER AN INNOVATIVE DIRECT AIR CAPTURE (DAC)-TO-JET APPROACHTRANSFORMING CONVENTIONAL DAC TO AVIATION-ALIGNED REACTIVE DAC BY COMBINING CO2 CAPTURE WITH CO2 CONVERSION.THE GRANT TO SUSTEON WAS USED TO CREATE A NEW MATERIAL THAT CAN CAPTURE AND CONVERT CO2 INTO METHANOL AND ETHANOL WHICH CAN THEN BE UPGRADED TO SUSTAINABLE AVIATION FUEL (SAF). THIS APPROACH COULD DIVERSIFY THE FEEDSTOCK AVAILABLE FOR SAF AND ULTIMATELY LEAD TO LOWER PRODUCTION COSTS OVERCOMING KEY BARRIERS IN MAKING LARGE-SCALE SAF USE A REALITY.
TECHNICAL ADVISORY BOARD: AVIATION WHITE PAPERS AND TECHNICAL ROADMAPS FOR SAF (SUSTAINABLE AVIATION FUEL) - AVIATION CLIMATE TASKFORCE'S EXTERNAL TECHNICAL ADVISORY BOARD DEVELOPS TECHNICAL ROADMAPS FOR SUSTAINABLE AVIATION FUELS WITH EXPERT AND COMMUNITY INPUT FOLLOWING INPUT WITH STAKEHOLDERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Deimler Board Director | Trustee | 4 | $0 |
Jason Guggenheim Board Director | Trustee | 2 | $0 |
Tom Light CEO | OfficerTrustee | 40 | $302,000 |
Daniel Matuszak Chief Technology Officer | OfficerTrustee | 40 | $263,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,499,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,499,950 |
| 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 | $1,499,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| 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. | $489,887 |
| Compensation of current officers, directors, key employees. | $48,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,979 |
| Payroll taxes | $27,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $110,439 |
| Advertising and promotion | $8,155 |
| Office expenses | $2,680 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,139 |
| All other expenses | $0 |
| Total functional expenses | $1,205,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,070,859 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,070,859 |
| 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 | $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 | $2,070,859 |
| Total liabilities and net assets/fund balances | $2,070,859 |