Flygateway Aviation Institute

Nonprofit profile at a glance

EIN
824951965
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
New Castle, DE, USA
Phone
8773594899
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Graduate, Professional Schools (Separate Entities)

Official website

Reported finances

Revenue
$4,748,547
Expenses
$5,002,534
Assets
$3,934,068
Liabilities
$5,529,788

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • REGIS DE RAMEL (PRESIDENT AND SECRETARY/TR)

People named in this filing

  • REGIS DE RAMEL (PRESIDENT AND SECRETARY/TR)
  • JOHN BIANROSA (DIRECTOR)
  • PHILIP TIMON (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fly gateway aviation institute's primary purpose is to provide accessible education through quality flight training. One of our goals is to make the public aware of the opportunities that aviation offers and to make that path accessible to all who want to pursue it.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.4%; rating input score 90
  • Program expense ratio: 85.8%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.3%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 1.41; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 34.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 33.4% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 40.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 90.4% of revenue deployed · 85.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $4.3M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.