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Lakeway Airpark Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742759764 ✦ Lakeway, TX ✦ Designated as a 501(c)(4)

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Overview

What is Lakeway Airpark Inc?

Lakeway Airpark Inc is a nonprofit organization that manages and operates a private airport, serving as a vital resource for the local community. Situated as a public use facility, the airport is overseen by a volunteer board of directors. One of its primary functions is to serve as the landing spot for life flight operations, ensuring critical medical aid reaches residents in need promptly. The nonprofit is dedicated to maintaining and managing the airport, catering to the air transit requirements of the local population.


Official website here: www.3r9.org

Is Lakeway Airpark Inc legitimate?

Lakeway Airpark Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lakeway Airpark Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.3r9.org

What is the mission statement of Lakeway Airpark Inc?

Lakeway Airpark Inc, managed by a non-profit volunteer board, serves as a vital air transit hub for the local community. Its primary mission is to provide management and maintenance for this private airport, acting as the landing site for life-saving medical flights during critical situations. The airport's purpose is to cater to the air transit needs of the local residents, ensuring they have access to essential medical services when required. The non-profit board's role is pivotal in ensuring the airport remains operational and beneficial to the community it serves.


Official website here: www.3r9.org

Who is the CEO of Lakeway Airpark Inc?

Mike Torbett is the President of Lakeway Airpark Inc.


Official website here: www.3r9.org

What is the revenue of Lakeway Airpark Inc?

Lakeway Airpark Inc's revenue in 2022 was $143,707.


Official website here: www.3r9.org

Who are the executives of Lakeway Airpark Inc and what are their salaries?


Here are 7 key members and their salaries:


Erik Mulloy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Epley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Cobb (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Torbett (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Thompson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Bull (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Gunn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.3r9.org

Where can I find the form 990EZ for Lakeway Airpark Inc?

Lakeway Airpark Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.3r9.org

Learn more at the official website: www.3r9.org

Mission Statement of Lakeway Airpark Inc

Lakeway Airpark Inc, a non-profit organization, is committed to managing and maintaining a public use, private airport. This airport serves as a vital hub for life flight operations, catering to the critical medical needs of the local community. The non-profit is operated by a volunteer board of directors, whose primary objective is to ensure Lakeway Airpark meets the air transit requirements of the local residents.

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Impact




October, 2024

Lakeway Airpark Inc plays a crucial role in the community by serving as the primary landing destination for life flight operations, addressing critical medical needs for local residents. Its operation ensures that emergency medical services can reach patients quickly and efficiently, significantly impacting health outcomes in the area. Additionally, by managing and maintaining the airpark, Lakeway Airpark Inc supports the air transit needs of the community, facilitating both medical and recreational flights. The volunteer board of directors ensures that the airport remains accessible to the public while also prioritizing safety and operational excellence. Overall, the airpark enhances connectivity and emergency response capabilities for Lakeway, ultimately contributing to the well-being and safety of its residents.




This information is meant to be a general summary of Lakeway Airpark Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$143,707 (2022)
Expenses
$82,102 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $44,332
  • Gross Receipts: $143,707

Assets and Liabilities:

  • Total Assets: $477,782
  • Total Liabilities: $30,445
  • Net Assets: $447,337

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Organization Details

Principal Officer

Mike Torbett

Main Address

115 FLYING SCOT, LAKEWAY, TX, 78734

NTEE Category

Code: W99 - Public benefit

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