Takeoff Institute Inc

Nonprofit profile at a glance

EIN
853497485
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025
Location
New York, NY, USA
Phone
3017589239
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$76,175
Expenses
$69,461
Assets
$402,664
Liabilities
$8,670

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BRIAN HOLLINS (PRESIDENT/SECRETARY)

People named in this filing

  • BRIAN HOLLINS (PRESIDENT/SECRETARY)
  • KENDALL EASLEY (HEAD OF COMMUNICATIONS)
  • HALEY BROWN (TREASURER)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To equip black undergraduate students with the resources and guidance needed to launch a successful young professional career

What it reported doing in 2025

Summer fellowship program for black undergraduate students that provides advisors, one-on-one mentorship, and training. Our intensive 8-week summer fellowship program provides students with the opportunity to develop professional and interpersonal skills, work with leaders in their desired field, and jump-start their careers. This summer fellowship program has graduated 245 students to date.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 100
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.1%; rating input score 37
  • Program expense ratio: 40.7%; rating input score 41

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 8.8%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 5.8; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 57.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 31.7% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 37.1% of revenue deployed · 40.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $28K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 37/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 41/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.