Civic Intelligence

Freedom Flight

990 • Fiscal year 2016 • EIN 16-1628557

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 26, 2017

Organization Profilewww.FreedomFlightUSA.com
401 N Carroll AveSouthlake, TX 76092

(817) 966-2020

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.08x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

120.02x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-1915%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

44th percentile

-0.1%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$1,867,706

Down $1,066 (-0.1%) from 2015

Net Assets

Down

$1,726,084

Down $22,592 (-1.3%) from 2015

Liabilities

Up

$141,622

Up $21,526 (+18%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$1,180

Down $1,130 (-49%) from 2015

Expenses

Up

$23,772

Up $8,086 (+52%) from 2015

Net Income

Down

-$22,592

Down $9,216 (-69%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $81,729Liabilities 2011: $89,014Net Assets 2011: -$7,2852011Assets 2012: $1,880,134Liabilities 2012: $93,352Net Assets 2012: $1,786,7822012Assets 2013: $1,871,556Liabilities 2013: $101,549Net Assets 2013: $1,770,0072013Assets 2014: $1,869,823Liabilities 2014: $107,771Net Assets 2014: $1,762,0522014Assets 2015: $1,868,772Liabilities 2015: $120,096Net Assets 2015: $1,748,6762015Assets 2016: $1,867,706Liabilities 2016: $141,622Net Assets 2016: $1,726,0842016Assets 2017: $2,045,243Liabilities 2017: $145,204Net Assets 2017: $1,900,0392017Assets 2018: $437,576Liabilities 2018: $0Net Assets 2018: $437,5762018Assets 2019: $364,887Liabilities 2019: $0Net Assets 2019: $364,8872019Assets 2020: $388,182Liabilities 2020: $110,599Net Assets 2020: $277,5832020Assets 2021: $442,244Liabilities 2021: $111,404Net Assets 2021: $330,8402021Assets 2022: $328,222Liabilities 2022: $95,632Net Assets 2022: $232,5902022Assets 2023: $262,589Liabilities 2023: $69,249Net Assets 2023: $193,3402023

Highlighted filing

2016

Assets$1,867,706
Liabilities$141,622
Net Assets$1,726,084
Open 2016 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$500K$0-$500K-$1.0M-$1.5MRevenue 2011: -$6,219Expenses 2011: $45,768Net Income 2011: -$51,9872011Expenses 2012: $33,7392012Revenue 2013: $3,790Expenses 2013: $20,565Net Income 2013: -$16,7752013Revenue 2014: $7,120Expenses 2014: $15,076Net Income 2014: -$7,9562014Revenue 2015: $2,310Expenses 2015: $15,686Net Income 2015: -$13,3762015Revenue 2016: $1,180Expenses 2016: $23,772Net Income 2016: -$22,5922016Revenue 2017: $190,470Expenses 2017: $14,468Net Income 2017: $176,0022017Revenue 2018: -$1,432,159Expenses 2018: $30,304Net Income 2018: -$1,462,4632018Revenue 2019: $100Expenses 2019: $53,061Net Income 2019: -$52,9612019Revenue 2020: -$16,376Expenses 2020: $70,928Net Income 2020: -$87,3042020Revenue 2021: $142,408Expenses 2021: $89,152Net Income 2021: $53,2562021Revenue 2022: $0Expenses 2022: $98,184Net Income 2022: -$98,1842022Revenue 2023: $5,124Expenses 2023: $45,052Net Income 2023: -$39,9282023

Highlighted filing

2016

Revenue$1,180
Expenses$23,772
Net Income-$22,592
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 26, 2017
Return Version
2016v3.0
Gross Receipts
$1,180
Mission and Program Overview

Mission

Mission:

Mission: Inspire the next generation, share the thrill and joy of aviation, provide unique opportunities to learn and grow, use the skills and resources we obtain to help others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,868,619$1,867,515▼ $1,104
Rtn Earn Endowment Incm Other Fnds$1,748,676$1,726,084▼ $22,592
Loans From Officers Directors$59,681$78,781▲ $19,100
Cash and Non-Interest-Bearing Accounts$153$191▲ $38
Total Assets$1,868,772$1,867,706▼ $1,066
Liabilities
Mortgage Notes Payable Secured by Investment Property$60,415$53,819▼ $6,596
Accounts Payable and Accrued Expenses-$9,022-
Total Liabilities$120,096$141,622▲ $21,526
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,748,676$1,726,084▼ $22,592
Total Liabilities and Net Assets / Fund Balance$1,868,772$1,867,706▼ $1,066

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,843,000-$1,843,000
Equipment$631$123,137-
Leasehold Improvements$23,884$7,642-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
David TatumPresident
Chad TateVice President
Brandon NewDirector
Janet TatumSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,180
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,180
Change in Net Assets
$-22,592
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,772
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$14,410$0$0$14,410
Interest$3,686$548$0$4,234
Office Expenses$0$2,204$0$2,204
Occupancy$1,105$0$0$1,105
Depreciation Depletion$0$1,104$0$1,104
Fees for Services Accounting$0$715$0$715
Total Functional Expenses$19,201$4,571$0$23,772
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$59,681$78,781▲ $19,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Freedom Flight Inc
EIN
16-1628557
Phone
8179662020
Address
401 N Carroll Ave, Southlake, TX 76092

Signing Officer

Name
David Tatum
Title
President
Phone
8179662020
Signed
2017-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Tatum
Formed
2002
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Jeri Jo Blackmon Ea
Address
1408 Mistletoe Dr, Fort Worth, TX 76110-1023
Preparer
Jeri Jo Blackmon
Phone
8179234393
Supplemental Narrative

Additional Explanations

Pt XII, Line 1

“Modified Cash”

Pt VI, Line 11B

“Form 990 reviewed by President”

Pt VI, Line 19

“Financial statements are available to the public upon request”

Pt VI, Line 2

“President and Secretary are husband and wife”

Form 990EZ, Part I, Line 16

“Aircraft Expenses”

Form 990EZ, Part I, Line 16

“Interest Expense”

Form 990EZ, Part II, Line 24

“Fixed Assets”

Form 990EZ, Part II, Line 26

“Platinum Plus for Business credit card 9564”

Form 990EZ, Part II, Line 26

“Tatum Loan”

Form 990EZ, Part II, Line 26

“Stearman Loan”

Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Financial statements are available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3President and Secretary are husband and wife
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Aircraft Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Interest Expense
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Fixed Assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Platinum Plus for Business credit card 9564
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Tatum Loan
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Stearman Loan
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IRS990/TotalAssetsEOYAmt01867706
IRS990/TotalAssetsGrp/BOYAmt01868772
IRS990/TotalAssetsGrp/EOYAmt01867706
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01180
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04571
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019201
IRS990/TotalFunctionalExpensesGrp/TotalAmt023772
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0120096
IRS990/TotalLiabilitiesEOYAmt0141622
IRS990/TotalLiabilitiesGrp/BOYAmt0120096
IRS990/TotalLiabilitiesGrp/EOYAmt0141622
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01748676
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01726084
IRS990/TotalProgramServiceExpensesAmt019201
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01180
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01868772
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01867706
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0401 N Carroll Ave Ste 197
IRS990/USAddress/CityNm0Southlake
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076092
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.FreedomFlightUSA.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID TATUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08179662020
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Freedom Flight Inc
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0161628557
ReturnHeader/Filer/PhoneNum08179662020
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 N Carroll Ave
ReturnHeader/Filer/USAddress/CityNm0Southlake
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076092
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0ADFE836D1A8E13B078EFAE5C1D7675ABE5200A57
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0ADFE836D1A8E13B078EFAE5C1D7675ABE5200A57
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.185.211.41
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm020:34:31
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JERI JO BLACKMON EA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01408 Mistletoe Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fort Worth
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0761101023
ReturnHeader/PreparerPersonGrp/PhoneNum08179234393
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERI JO BLACKMON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-14T20:34:42-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,867,706
Liabilities
$141,622
Net assets
$1,726,084
Revenue
$1,180
Expenses
$23,772
Net income
-$22,592
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.07$0.19$0.01$0.05$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.10$0.23$0.00$0.10$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.11$0.33$0.14$0.09$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.11$0.28$0.02$0.07$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.00$0.05$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$1.43$0.03$1.46
2017Detailed filing. Detailed filing data is available for this year.$2.05$0.15$1.90$0.19$0.01$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.87$0.14$1.73$0.00$0.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.12$1.75$0.00$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.87$0.11$1.76$0.01$0.02$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.87$0.10$1.77$0.00$0.02$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.09$1.79$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.09$0.01$0.01$0.05$0.05