Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
HANGAR 24 CHARITIES
 
Employer identification number

46-1723972
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
(1) HANGAR 24 CRAFT BREWERY LLC
 
COMPANY IS CONTROLLED BY THE PRESIDENT OF HANGAR 24 CHARITIES TO PAY FOR FUNDRAISING EXPENSES INCURRED X   0 144   No Yes     No
(2) SUE COOK FORMER BOARD MEMBER OF HANGAR 24 CHARITIES TO PAY FOR FUNDRAISING EXPENSES INCURRED. X   0 31,672   No Yes     No
Total ...............Small Bullet $ 31,816
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2018
Page 2
Schedule L (Form 990 or 990-EZ) 2018
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) HANGAR 24 CRAFT BREWERY
 
COMPANY IS CONTROLLED BY THE PRESIDENT OF HANGAR 24 CHARITIES. 100,155 HANGAR 24 CHARITIES PURCHASED SUPPLIES AND BEER FROM HANGAR 24 CRAFT BREWERY. HANGAR 24 CRAFT BREWERY PROVIDED ADVERTISING AND LOGISTICS FOR THE EVENTS. THESE DOLLARS ARE ALL REIMBURSABLE TO THE BREWERY FOR ITEMS ORIGINALLY PURCHASED BY THE BREWERY SUCH AS OUTSIDE CONTRACT SERVICES, ADVERTISING, GLASSWARE/SUPPLIES, FOOD TRUCK FOOD-VIP, AND PRINTING. THE BREWERY DID NOT REALIZE ANY PROFITS WITH THESE TRANSACTIONS.   No
(2) HANGAR 24 CRAFT DISTRIBUTION LLC
 
COMPANY IS CONTROLLED BY THE PRESIDENT OF HANGAR 24 CHARITIES. 57,731 HANGAR 24 CHARITIES PURCHASED BEER AND PILOT GIFTS FROM HANGAR 24 CRAFT DISTRIBUTION, LLC.   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
LOAN FROM SUE COOK: THESE DOLLARS ARE REIMBURSABLE FOR ITEMS PAID BY SUE COOK AS AN ADVANCE TO THE AIRFEST.
Schedule L (Form 990 or 990-EZ) 2018


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