Aviation Climate Taskforce Inc
- Assets
- $1.5m
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2021
- EIN
- 87-2111650
Organization Overview
Aviation Climate Taskforce Inc is located in Atlanta, GA. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF AVIATION CLIMATE TASKFORCE, INC. (THE ORGANIZATION") IS TO REDUCE, ANDULTIMATELY 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
ACCELERATING BREAKTHROUGHS IN EMERGING TECHNOLOGY TO DECARBONIZE AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Deimler Board Director | Trustee | 4 | $0 |
Ryah Whalen Board Director | Trustee | 4 | $0 |
Jason Guggheim Board Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $600,000 |
| 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 | $600,000 |
| 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 | $600,000 |
| 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 | $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 | $2,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,100,000 |
| 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 | $1,500,000 |
| Accounts payable and accrued expenses | $2,190 |
| Grants payable | $0 |
| Deferred revenue | $900,000 |
| 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 | $902,190 |
| 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 | $597,810 |
| Total liabilities and net assets/fund balances | $1,500,000 |
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