Flying T Nil Inc
- Assets
- $803.9k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-3225936
Organization Overview
Flying T Nil Inc is located in Austin, TX. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Flying T Nil Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flying T Nil 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 12/2022, Flying T Nil Inc generated $1.9m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FLYTING T CLUB PROVIDES NIL OPPORTUNITIES FOR TCU ATHLETES IN A VARIETY OF SPORTS WHILE PARTNERING WITH LOCAL NON-PROFIT ORGANIZATIONS TO MAKE A DIFFERENCE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MONEY AS WELL AS IN-KIND CONTRIBUTIONS OF SPORTS EDUCATION, PHYSICAL EDUCATION, COMMUNICATION, MARKETING, SPEAKING, EVENT, AND RELATIONS SERVICES SO THAT SERVED ORGANIZATIONS CAN EXPAND THE REACH AND EFFECTIVENESS OF THEIR EXEMPT ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Harlan Director | Trustee | 2 | $0 |
Jeff Patman Director | Trustee | 2 | $0 |
Ches Williams Director | Trustee | 2 | $0 |
Jessica Cung Director | Trustee | 40 | $9,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,895,282 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,896,149 |
| Total Program Service Revenue | $1,700 |
| 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 | $1,897,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $961,137 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,800 |
| Payroll taxes | $1,084 |
| Fees for services: Management | $30,646 |
| Fees for services: Legal | $28,256 |
| Fees for services: Accounting | $9,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,715 |
| Advertising and promotion | $13,459 |
| Office expenses | $15,351 |
| Information technology | $6,995 |
| 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 | $2,539 |
| All other expenses | $81,439 |
| Total functional expenses | $1,177,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $900 |
| 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 | $803,863 |
| 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 | $3,476 |
| Total liabilities | $3,476 |
| 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 | $800,387 |
| Total liabilities and net assets/fund balances | $803,863 |