AVIATION CLIMATE TASKFORCE INC

EIN: 872111650 501(c)(3) Environment

ATLANTA, GA

Total Revenue
$1,499,950
Total Expenses
$1,205,989
Total Assets
$2,070,859
Net Assets
$2,070,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
TOM LIGHT
Phone
4169554200
Tax Period
2023-01-01 to 2023-12-31

AVIATION CLIMATE TASKFORCE INC, founded in 2021, is a community nonprofit in the Environment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $294K, a strong 20% operating margin.

Mission

THE PURPOSE OF AVIATION CLIMATE TASKFORCE, INC. (THE ORGANIZATION") IS TO REDUCE, AND ULTIMATELY ELIMINATE, THE CARBON DIOXIDE EMISSIONS OF THE AVIATION SECTOR. IT WILL DO SO PRIMARILY BY SUPPORTING RESEARCH AND ACCELERATING BREAKTHROUGHS IN EMERGING DECARBONIZATION TECHNOLOGIES. IN THIS WAY, THE ORGANIZATION HOPES TO ELIMINATE A MATERIAL SOURCE OF THE WORLD'S CARBON DIOXIDE EMISSIONS AND HAVE A PROFOUND IMPACT IN THE FIGHT AGAINST CLIMATE CHANGE. THE ORGANIZATION WILL FULFILL ITS PURPOSE BY A PROGRAM OF SUPPORTING SCIENTIFIC DISCOVERY INTENDED TO DRIVE INNOVATION ACROSS THE DECARBONIZATION TECHNOLOGY RESEARCH AND DEVELOPMENT LIFECYCLE. MORE SPECIFICALLY, THE ORGANIZATION PLANS TO FUND EARLY-STAGE RESEARCH PROJECTS OF BOTH ACADEMIC AND PRIVATE-SECTOR RESEARCHERS IN THE FIELD OF DECARBONIZATION TECHNOLOGY. THE ORGANIZATION WILL ALSO FOSTER COLLABORATION IN THE DECARBONIZATION AND GREATER ENVIRONMENTALLY FOCUSED COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,499,950
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,499,950

Expense Breakdown

Grants Paid $400,000
Salaries & Benefits $552,274
Fundraising Expenses $35,205
Program Expenses $1,099,837
Other Expenses $253,715
TOTAL EXPENSES $1,205,989

Year-over-Year Comparison

2023 2022 Change
Revenue $1,499,950 $1,702,160 -0.1%
Expenses $1,205,989 $523,072 +1.3%
Net Income $293,961 $1,179,088 -0.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
2
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$565,845
Total Directors
4
$565,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE DEIMLER BOARD DIRECTOR 4.00
Director
$0 $0 $0
JASON GUGGENHEIM BOARD DIRECTOR 2.00
Director
$0 $0 $0
TOM LIGHT CEO 40.00
Officer Director
$302,000 $0 $302,000
DANIEL MATUSZAK CHIEF TECHNOLOGY OFFICER 40.00
Officer Director
$263,845 $0 $263,845
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,499,950 $1,205,989 $2,070,859 $293,961
2022 $1,702,160 $523,072 $1,776,898 $1,179,088
2021 $600,000 $2,190 $1,500,000 $597,810
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