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Midway Airlines' Terminal Consortium

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

EIN: 364191134 ✦ Chicago, IL ✦ Designated as a 501(c)(6)

Overview

What is Midway Airlines' Terminal Consortium?

Midway Airlines' Terminal Consortium, referred to as MATCO, is a collaborative entity formed by specific Midway airlines as part of their Chicago Midway Airport use agreement. The consortium's primary role is to develop, operate, and manage airline terminal equipment, systems, and facilities at Midway Airport. By assuming responsibility for terminal improvements, MATCO aims to enhance operational efficiency and expand the capacity of the terminal building at Midway International Airport.


Is Midway Airlines' Terminal Consortium legitimate?

Midway Airlines' Terminal Consortium is a legitimate nonprofit organization registered as a 501(c)(6) entity. Midway Airlines' Terminal Consortium submitted a form 990, 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Midway Airlines' Terminal Consortium?
Who is the CEO of Midway Airlines' Terminal Consortium?
What is the revenue of Midway Airlines' Terminal Consortium?
Who are the executives of Midway Airlines' Terminal Consortium and what are their salaries?
Where can I find the form 990 for Midway Airlines' Terminal Consortium?

Mission Statement of Midway Airlines' Terminal Consortium

Midway Airlines' Terminal Consortium, referred to as MATCO, is a collaborative group formed by certain airlines with a shared commitment to enhancing operational efficiency and expanding the capacity of airport terminal buildings. In simple terms, MATCO's mission is to optimize airport terminal operations and accommodate more travelers.

MATCO assumes significant responsibilities in the realm of airport development and operations. It is tasked with overseeing the planning, design, procurement, installation, start-up, and operation of airline equipment at Midway Airport. By managing these aspects, MATCO ensures the airport's terminal building effectively serves the needs of the airlines and their passengers. This collaboration between airlines allows for a more streamlined approach to airport improvements and enhancements.

MATCO's role is pivotal in ensuring Midway Airport's terminal building runs smoothly and efficiently. By taking on the responsibilities of developing and operating airline terminal equipment, systems, and facilities, MATCO allows airport authorities to focus on other essential aspects of airport management. In doing so, MATCO contributes to a better overall airport experience for travelers.

Impact

This information is meant to be a general summary of Midway Airlines' Terminal Consortium. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Midway Airlines' Terminal Consortium, known as MATCO, significantly impacts the operational efficiency and capacity expansion at Midway International Airport's terminal building in Chicago, Illinois. MATCO, established by select Midway airlines, spearheads the development and operation of airline terminal equipment, systems, and facilities at the airport. Their responsibilities encompass planning, design, procurement, installation, start-up, and operation of crucial airline equipment, all aimed at enhancing the overall airport experience for passengers and airlines alike. Through their services, MATCO plays a pivotal role in elevating the functionality and capacity of Midway International Airport, ultimately contributing to the community improvement of the area.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $4
  • Program Service Revenue: $21,613,615
  • Gross Receipts: $21,613,619

    • Assets and Liabilities:
  • Total Assets: $3,906,213
  • Total Liabilities: $3,869,124
  • Net Assets: $37,089
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Reimbursement Income

    Revenue

    $20,459,172

    Special Proj Reimb Inc

    Revenue

    $1,154,443

    Organization Details

    Founding Year

    2001

    Principal Officer

    Scott Plomann

    Main Address

    5757 SOUTH CICERO AVENUE, CHICAGO, IL, 60638

    NTEE Category

    Code: S40 - Community improvement

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