The Flight Academy Fund
Nonprofit profile at a glance
- EIN
- 823976698
- IRS 990-EZ coverage
- 2019–2019
- Forms available
- Form 990-EZ 2019, Form 990-N 2018
- Location
- St Louis, MO, USA
- Phone
- 3143035086
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Basketball
Reported finances
- Revenue
- $66,873
- Expenses
- $68,932
- Assets
- $1,677
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- KWOFE COLEMAN (PRESIDENT)
- LINDSEY GRABISH (VICE PRESIDENT)
People named in this filing
- KWOFE COLEMAN (PRESIDENT)
- LINDSEY GRABISH (VICE PRESIDENT)
- ADAM ERICKSON (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-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Through support of the wholly owned flight academy, llc, to mentor and develop the whole student-athlete through the game of basketball.
What it reported doing in 2019
The flight academy fund provides funds to the flight academy llc, a Missouri limited liability company, wholy owned and operated by the flight academy fund, in order to reduce the costs imposed on youth basketball players who will be participating in various basketall events and tournamanets. Through the flight academy, llc, the organization mentored and developed the whole student athlete through the game of basketball.
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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 35
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3.1%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $69K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.