Civic Intelligence

Monaco Air Foundation Inc

990EZ • Fiscal year 2021 • EIN 26-1211672

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 09, 2022

Organization Profile
4535 Airport Approach RoadDuluth, MN 55811

(218) 727-2911

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

2nd percentile

-669%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

$55,464

No earlier filing loaded for comparison.

Net Assets

$55,464

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin2nd percentile

Revenue

$1,030

No earlier filing loaded for comparison.

Expenses

$7,916

No earlier filing loaded for comparison.

Net Income

-$6,886

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2021: $55,464Liabilities 2021: $0Net Assets 2021: $55,4642021Assets 2022: $54,676Liabilities 2022: $0Net Assets 2022: $54,6762022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$55,464
Liabilities$0
Net Assets$55,464
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10K$5.0K$0-$5.0K-$10KRevenue 2021: $1,030Expenses 2021: $7,916Net Income 2021: -$6,8862021Revenue 2022: $186Expenses 2022: $974Net Income 2022: -$7882022Revenue 2023: $966Expenses 2023: $4,018Net Income 2023: -$3,0522023

Highlighted filing

2021

Revenue$1,030
Expenses$7,916
Net Income-$6,886
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 9, 2022
Return Version
2021v4.0
Gross Receipts
$1,030
Mission and Program Overview

Mission

Provide charitable services to the local community directly served by the Duluth International Airport that would otherwise not be provided by the Authority itself.

Program Services

DescriptionGrantsExpenses
Donation to pay contractor fees to help draft a new airport zoning ordinance which would otherwise be paid by Duluth Airport Authority or neighboring municipalities.$0$6,966
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don MonacoPresident And Director-$0--
Mike MagniVice-President, Secretary-Treasurer, And Director-$0--
Greg FoxDirector-$0--
Dave GaddieDirector-$0--
Bill KingDirector-$0--
Pat MullenDirector-$0--
Richard StewartDirector-$0--
Todd FedoraNonvoting Director-$0--
Tom WernerNonvoting Director-$0--
Filing and Contact Details

Filer

Filer Name
Monaco Air Foundation Inc
EIN
26-1211672
Phone
2187272911
Address
4535 Airport Approach Road, Duluth, MN 55811

Signing Officer

Name
Don Monaco
Title
President
Phone
2187272911
Signed
2022-03-09
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Duluth Airport Authority grant to pay contractor fees incurred to help draft a new local zoning ordinance that would otherwise have been paid by local municipalities.”

Form 990-EZ, Part I, Line 16

“$25.00 Minnesota Business Registration Fee; $925.00 Insurance”

Raw XML Appendix203 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Don Monaco
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Tom Werner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice-President, Secretary-Treasurer, and Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Nonvoting Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Nonvoting Director
IRS990EZ/OperateHospitalInd00
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Airport Executive Director (Tom Werner) and a Duluth Airport Authority Director (Todd Fedora) serve as non-voting members on the Foundation's Board of Directors. Monthly activity reports are distributed to the Duluth Airport Authority's Board of Directors which are also available to the public.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Foundation provides aviation related charitable services to the local community directly served by the Duluth Airport Authority that would otherwise not be provided by the Authority itself. Services include providing airport tours to groups of students and subsidizing the cost of lunch for the participants.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section D, Line 3
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt06966
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Duluth International Airport
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IRS990ScheduleA/SupportSumAmt06966
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Duluth Airport Authority grant to pay contractor fees incurred to help draft a new local zoning ordinance that would otherwise have been paid by local municipalities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1$25.00 Minnesota Business Registration Fee; $925.00 Insurance
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Don Monaco
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02187272911
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONACO AIR FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MONA
ReturnHeader/Filer/EIN0261211672
ReturnHeader/Filer/PhoneNum02187272911
ReturnHeader/Filer/USAddress/AddressLine1Txt04535 Airport Approach Road
ReturnHeader/Filer/USAddress/CityNm0Duluth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055811
ReturnHeader/ReturnTs02022-03-09T10:07:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,464
Liabilities
$0
Net assets
$55,464
Revenue
$1,030
Expenses
$7,916
Net income
-$6,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.97$4.02$3.05
2022Detailed filing. Detailed filing data is available for this year.$54.7$0.00$54.7$0.19$0.97$0.79
2021Detailed filing. Detailed filing data is available for this year.$55.5$0.00$55.5$1.03$7.92$6.89