1056 Hanger Group INC FY2021 filing

Fowlerville, MIUnknown exempt organizationEIN 46-1892321Revenue $68K in FY2021

On file with the IRS10750 Mason Rd · Fowlerville, MI

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To provide airplane Hanger rental for pilots/members.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $7K a year · 10% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68K
Spent
$51K
To programs
0%
Net assets
$17K
By yearFY2021–FY2025
Revenue
$68K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$68K
FY2022$68K
FY2023$70K
FY2024$64K
FY2025$82K
Expenses
$51K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$51K
FY2022$56K
FY2023$79K
FY2024$57K
FY2025Not on file
Net assets
$17K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$17K
FY2022$29K
FY2023$20K
FY2024$27K
FY2025$14K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See 1056 Hanger Group INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers airplane hangar rentals for pilots and members.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Provide airplane hanger rental to PILOTS/MEMBERS.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $18K · 2023–2023
EaaFY2023$17,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$68K
Ln 12
Fees for servicesLn 2g$68K
Money outPt IX
$51K
Ln 25
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$68K
Total revenueLn 12$68K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$17K
Total assetsLn 16$0$17K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K
OccupancyLn 16$5K
Other expenses (24a–d)Ln 24$44K
All other expensesLn 24e$577
Total functional expensesLn 25$51K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $82K$14K 990 PDF
FY2024 $64K$57K$7K$27K 990 PDF
FY2023 $70K$79K−$9K$20K 990 PDF
FY2022 $68K$56K$12K$29K 990 PDF
FY2021 Viewing $68K$51K$17K$17K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $68,499 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$68,499
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$68,499
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$51,410
I-18 Total expenses$51,410
I-19 Revenue less expenses$17,089
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $68,499 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $68,499$68,499
VIII-12 Total revenueExcluded from tax $68,499$68,499
Part IX · Statement of functional expenses $51,410 across 4 lines filed
IX-11c Accounting fees$1,285
IX-16 Occupancy$5,375
IX-24 Other expenses (24a–d)$44,173
IX-24e All other expenses$577
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$51,410
Part X · Balance sheet $17,085 assets, 6 lines filed
X-1 Cash, non-interest-bearing$17,085
X-16 Total assetsStart of year $0$17,085
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$17,089
X-32 Total net assets or fund balancesStart of year $0$17,089
X-33 Total liabilities and net assetsStart of year $0$17,089
Part XI · Reconciliation of net assets $17,085 net assets at year end
XI-1 Total revenue$68,499
XI-2 Total expenses$51,410
XI-3 Revenue less expenses$17,089
XI-10 Net assets at end of year$17,085

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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