Flagship Detroit Foundation

990EZ • Fiscal year 2014 • EIN 20-0937050

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 15, 2015

Organization Profile WWW.FLAGSHIPDETROIT.ORG

3829 Montecito DriveDenton, TX 76205

(817) 282-0281

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

-16%

Higher net margin than 18% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

-7.7%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

-23%

Faster revenue growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets60th percentile

Assets

Down

$199,593

Down $16,613 (-7.7%) from 2013

Net Assets

Down

$198,181

Down $17,097 (-7.9%) from 2013

Liabilities

$1,412

Up $484 (+52%) from 2013

Revenue And Expenses

Liabilities / Revenue65th percentile Net Margin18th percentile

Revenue

Down

$104,171

Down $30,662 (-23%) from 2013

Expenses

$121,266

Up $5,188 (+4.5%) from 2013

Net Income

Down

-$17,095

Down $35,850 (-191%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$199,593

Liabilities$1,412

Net Assets$198,181

Open 2014 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$104,171

Expenses$121,266

Net Income-$17,095

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Aug 15, 2015
Return Version: 2014v5.0
Gross Receipts: $109,699

Mission and Program Overview

Mission

Education of and about aviation.

Program Services

Description	Grants	Expenses
DEMONSTRATIONS WITH THE PLANE, ALSO, DEMONSTRATIONS ABOUT THE PLANE; TO EDUCATE AND PROMOTE THE HISTORY OF AVIATION.	-	$121,266

Compensation and Service Providers

Top Officer Pay74th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
GEORGE DENNIS	Executive Di	-	$0	-	-
ZANE LEMON	President	-	$0	-	-
RICK OWENS	Vice Preside	-	$0	-	-
DAVID GORRELL	Secretary-Tr	-	$0	-	-
JIM GENTRY	Director Of Main	-	$0	-	-
DAVID BUFFINGTON	Board Member	-	$0	-	-
TOM TAFF	Board Member	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Flagship Detroit Foundation
EIN: 20-0937050
Phone: 8172820281
Address: 3829 MONTECITO DRIVE, DENTON, TX 76205

Signing Officer

Name: Zane Lemon
Title: President
Phone: 8172820281
Signed: 2015-08-15
Discuss with paid preparer: Yes

Preparer

Firm: Winnett Associates Pllc
Address: PO BOX 745, SHELBYVILLE, TN 37162-0745
Preparer: John a Lile
Phone: 9316847142

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“DIVIDENDS 33 TOTAL 33”

Form 990-ez, Part I, Line 16

“Expenses advertising 424 supplies 184 subscriptions 265 travel 20,340 insurance 1,100 fuel and oil 32,211 maintenance expense 53,451 pilot expenses 8,836 fees & licenses 87 miscellaneous expense 990 credit card fees 340 total 118,228”

Form 990-ez, Part II, Line 24

“Inventories for sale or use 1,369 2,250 airplane 216,810 216,810 less accumulated depreciation 56,810 56,810 equipment 3,055 0 less accumulated depreciation 2,767 0 engine deposit 6,800 0 total 168,457 162,250”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 930 1,412”

Raw XML Appendix165 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	SHERYL CHRISTIAN
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	4046267066
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	185 BRIAR PATCH ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	COVINGTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	30014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	47749
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	37343
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	60639
IRS990EZ/CostOfGoodsSoldAmt	0	5240
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	288
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-17095
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	2464
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	216206
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	199593
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	-288
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	-2207
IRS990EZ/GrossReceiptsAmt	0	109699
IRS990EZ/GrossSalesOfInventoryAmt	0	3033
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MembershipDuesAmt	0	31209
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	215276
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	198181
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	215276
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	198181
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	5	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	6	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	GEORGE DENNIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	ZANE LEMON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	RICK OWENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	DAVID GORRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	JIM GENTRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	DAVID BUFFINGTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	6	TOM TAFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	SECRETARY-TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	DIR. OF MAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	6	BOARD MEMBER
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	168457
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	162250
IRS990EZ/OtherExpensesTotalAmt	0	118228
IRS990EZ/OtherRevenueTotalAmt	0	33
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	EDUCATION OF AND ABOUT AVIATION.
IRS990EZ/PrintingPublicationsPostageAmt	0	574
IRS990EZ/ProgramServiceRevenueAmt	0	14785
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	DEMONSTRATIONS WITH THE PLANE, ALSO, DEMONSTRATIONS ABOUT THE PLANE; TO EDUCATE AND PROMOTE THE HISTORY OF AVIATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	121266
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	930
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	1412
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	121266
IRS990EZ/TotalProgramServiceExpensesAmt	0	121266
IRS990EZ/TotalRevenueAmt	0	104171
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.FLAGSHIPDETROIT.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	109666
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	134224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	149418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	135890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	185092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	714290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	33
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	109
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	21
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	55
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	130
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	348
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	49060
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.99950
IRS990ScheduleA/PublicSupportPY170Pct	0	0.99900
IRS990ScheduleA/PublicSupportTotal170Amt	0	714290
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	109666
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	134224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	149418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	135890
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	185092
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	714290
IRS990ScheduleA/TotalSupportAmt	0	714638
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DIVIDENDS 33 TOTAL 33
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES ADVERTISING 424 SUPPLIES 184 SUBSCRIPTIONS 265 TRAVEL 20,340 INSURANCE 1,100 FUEL AND OIL 32,211 MAINTENANCE EXPENSE 53,451 PILOT EXPENSES 8,836 FEES & LICENSES 87 MISCELLANEOUS EXPENSE 990 CREDIT CARD FEES 340 TOTAL 118,228
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	INVENTORIES FOR SALE OR USE 1,369 2,250 AIRPLANE 216,810 216,810 LESS ACCUMULATED DEPRECIATION 56,810 56,810 EQUIPMENT 3,055 0 LESS ACCUMULATED DEPRECIATION 2,767 0 ENGINE DEPOSIT 6,800 0 TOTAL 168,457 162,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 930 1,412
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	ZANE LEMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8172820281
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	FLAGSHIP DETROIT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	FLAG
ReturnHeader/Filer/EIN	0	200937050
ReturnHeader/Filer/PhoneNum	0	8172820281
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	3829 MONTECITO DRIVE
ReturnHeader/Filer/USAddress/CityNm	0	DENTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	TX
ReturnHeader/Filer/USAddress/ZIPCd	0	76205
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	620808829
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	WINNETT ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO BOX 745
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	SHELBYVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	371620745
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9316847142
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-08-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	JOHN A LILE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2015-08-11T11:43:07-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $199,593
Liabilities: $1,412
Net assets: $198,181
Revenue: $104,171
Expenses: $121,266
Net income: -$17,095

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$6.14	$0.00	$6.14	$1.20	$0.61	$0.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.56	$0.00	$5.56	$2.14	$0.89	$1.25
2022Detailed filing. Detailed filing data is available for this year.	$4.31		$4.31	$1.08	$0.69	$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.92	$0.00	$3.92	$1.39	$0.73	$0.66
2020Detailed filing. Detailed filing data is available for this year.	$3.26		$3.26	$0.36	$0.56	$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.46	$0.00	$3.46	$1.10	$0.74	$0.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.10		$3.10	$1.46	$0.94	$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.57		$2.57	$1.31	$1.14	$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.41	$0.01	$2.40	$0.82	$1.05	$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.65	$0.02	$2.63	$1.51	$0.86	$0.65
2014Detailed filing. Detailed filing data is available for this year.	$2.00	$0.01	$1.98	$1.04	$1.21	$0.17
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.16	$0.01	$2.15	$1.35	$1.16	$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.98	$0.01	$1.97	$1.50	$1.35	$0.16
2011Summary only. Only limited summary data is available for this year.	$1.83	$0.03		$1.33	$1.31	$0.01
2010Summary only. Only limited summary data is available for this year.	$1.98	$0.19		$1.82	$2.44	$0.61