Civic Intelligence

Freedom Flight

990 • Fiscal year 2020 • EIN 16-1628557

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 18, 2021

Organization ProfileWWW.FREEDOMFLIGHT.COM
401 N Carroll Ave Ste 197Southlake, TX 76092

(817) 966-2020

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.28x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

100th percentile

533%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

54th percentile

6.4%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$388,182

Up $23,295 (+6.4%) from 2019

Net Assets

Down

$277,583

Down $87,304 (-24%) from 2019

Liabilities

Up

$110,599

Up $110,599 from 2019

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$16,376

Down $16,476 (-16476%) from 2019

Expenses

Up

$70,928

Up $17,867 (+34%) from 2019

Net Income

Down

-$87,304

Down $34,343 (-65%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2020

Assets$388,182
Liabilities$110,599
Net Assets$277,583
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2020

Revenue-$16,376
Expenses$70,928
Net Income-$87,304
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 18, 2021
Return Version
2020v4.0
Gross Receipts
$316,000
Mission and Program Overview

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 are afforded to help others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$364,887$277,583▼ $87,304
Prepaid Expenses and Deferred Charges-$262,200-
Cash and Non-Interest-Bearing Accounts$3,331$32,108▲ $28,777
Land, Buildings, and Equipment, Net$361,556$19,508▼ $342,048
Total Assets$364,887$388,182▲ $23,295
Other Assets Total-$74,366-
Liabilities
Other Liabilities-$110,599-
Total Liabilities$0$110,599▲ $110,599
Net Assets / Fund Balance
Total Net Assets Fund Balance$364,887$277,583▼ $87,304
Total Liabilities and Net Assets / Fund Balance$364,887$388,182▲ $23,295

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,508$139,258$158,766
Other Assets Org$74,366--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
David TatumPresident
Janet TatumSecretary/ T
Brandon NewVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-16,376
Other Revenue
$0
Change in Net Assets
$-87,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,928
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$100$26,711-$26,811
Occupancy$10,307$13,800-$24,107
Depreciation Depletion$14,086--$14,086
Advertising-$3,185-$3,185
Fees for Services Accounting-$2,475-$2,475
Interest-$264-$264
Total Functional Expenses$24,493$46,435$0$70,928
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Cessna$108,167
Credit Cards$2,432
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“David tatum janet tatum president secretary husband and wife”

Form 990, Page 6, Part VI, Line 11B

“The organization's policy is for the officers to review the form 990 prior to filing with the internal revenue service.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request. No documents were requested during 2020.”

Filing and Contact Details

Filer

Filer Name
Freedom Flight Inc
EIN
16-1628557
Phone
8179662020
Address
401 N CARROLL AVE STE 197, SOUTHLAKE, TX 76092

Signing Officer

Name
David Tatum
Title
President
Phone
8179662020
Signed
2021-11-18
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
John R Johnson Pc
Address
4109 CITY POINT DR STE D, NORTH RICHLAND HILLS, TX 76180-8339
Preparer
John R Johnson
Phone
8175950775
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“OPPERATION OF PROGRAM”

Form 990, Part IX, Line 11G

“Aircraft expense 0 10,335 0 bank fees 0 114 0 donaed goods & services 100 0 0 dues and subscriptions 0 475 0 equip. Rental & maintenance 0 4,186 0 equipment expense 0 7,739 0 pilot supplies 0 1,662 0 pilot training 0 315 0 postage and shipping 0 43 0 supplies 0 1,405 0 travel 0 437 0 total 100 26,711 0”

Raw XML Appendix285 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/ExplanationTxt0OPPERATION OF PROGRAM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAVID TATUM JANET TATUM PRESIDENT SECRETARY HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S POLICY IS FOR THE OFFICERS TO REVIEW THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NO DOCUMENTS WERE REQUESTED DURING 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AIRCRAFT EXPENSE 0 10,335 0 BANK FEES 0 114 0 DONAED GOODS & SERVICES 100 0 0 DUES AND SUBSCRIPTIONS 0 475 0 EQUIP. RENTAL & MAINTENANCE 0 4,186 0 EQUIPMENT EXPENSE 0 7,739 0 PILOT SUPPLIES 0 1,662 0 PILOT TRAINING 0 315 0 POSTAGE AND SHIPPING 0 43 0 SUPPLIES 0 1,405 0 TRAVEL 0 437 0 TOTAL 100 26,711 0
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ReasonableCauseExplanation/ExplanationTxt0UNFORTUNATELY, DUE TO SEVERAL CIRCUMSTANCES OUTSIDE OUR DIRECT CONTROL, WE WERE UNABLE TO COMPLETE OUR RETURN BY NOV 15TH. WE HAVE DEALT WITH COVID- 19, HAVING TO SWITCH ACCOUNTING FIRMS LATE DUE TO A RETIREMENT, ALONG WITH RECONSTRUCTION DELAYS RELATING TO THE FREEZE IN TEXAS EARLIER THIS YEAR, I FEEL CONFIDENT WE ARE BACK ON TRACK NOW AND DO NOT ANTICIPATE TO HAVE THIS HAPPEN AGAIN.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0161628557
ReturnHeader/Filer/PhoneNum08179662020
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 N CARROLL AVE STE 197
ReturnHeader/Filer/USAddress/CityNm0SOUTHLAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076092
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010945492
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN R JOHNSON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04109 CITY POINT DR STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH RICHLAND HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0761808339
ReturnHeader/PreparerPersonGrp/PhoneNum08175950775
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN R JOHNSON
ReturnHeader/ReturnTs02021-11-19T16:18:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TATUM
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$388,182
Liabilities
$110,599
Net assets
$277,583
Revenue
-$16,376
Expenses
$70,928
Net income
-$87,304
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