Civic Intelligence

Central Florida Aerospace Academy Foundation Inc.

990 • Fiscal year 2016 • EIN 27-0763731

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

Organization ProfileWWW.CFAAF.COM
3650 Drane Field RdLakeland, FL 33811-1208

(863) 559-3980

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

1.6%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$793,195

Up $151,184 (+24%) from 2015

Net Assets

Up

$793,195

Up $151,184 (+24%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin88th percentile

Revenue

Up

$400,278

Up $6,334 (+1.6%) from 2015

Expenses

Down

$249,094

Down $112,303 (-31%) from 2015

Net Income

Up

$151,184

Up $118,637 (+365%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $191,950Liabilities 2011: $0Net Assets 2011: $191,9502011Assets 2012: $436,283Liabilities 2012: $0Net Assets 2012: $436,2832012Assets 2013: $529,820Liabilities 2013: $0Net Assets 2013: $529,8202013Assets 2014: $609,464Liabilities 2014: $0Net Assets 2014: $609,4642014Assets 2015: $642,011Liabilities 2015: $0Net Assets 2015: $642,0112015Assets 2016: $793,195Liabilities 2016: $0Net Assets 2016: $793,1952016Assets 2017: $1,025,796Liabilities 2017: $45,714Net Assets 2017: $980,0822017Assets 2018: $1,065,768Liabilities 2018: $23,110Net Assets 2018: $1,042,6582018Assets 2020: $1,470,475Liabilities 2020: $14,052Net Assets 2020: $1,456,4232020Assets 2021: $1,652,026Liabilities 2021: $6,633Net Assets 2021: $1,645,3932021Assets 2022: $1,553,422Liabilities 2022: $3,775Net Assets 2022: $1,549,6472022Assets 2023: $1,838,096Liabilities 2023: $0Net Assets 2023: $1,838,0962023Assets 2024: $2,302,514Liabilities 2024: $74,727Net Assets 2024: $2,227,7872024Assets 2025: $2,447,339Liabilities 2025: $20,384Net Assets 2025: $2,426,9552025

Highlighted filing

2016

Assets$793,195
Liabilities$0
Net Assets$793,195
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$800K$600K$400K$200K$0Expenses 2011: $16,1542011Expenses 2012: $147,7682012Revenue 2013: $391,685Expenses 2013: $298,148Net Income 2013: $93,5372013Revenue 2014: $393,072Expenses 2014: $313,428Net Income 2014: $79,6442014Revenue 2015: $393,944Expenses 2015: $361,397Net Income 2015: $32,5472015Revenue 2016: $400,278Expenses 2016: $249,094Net Income 2016: $151,1842016Revenue 2017: $403,755Expenses 2017: $269,907Net Income 2017: $133,8482017Revenue 2018: $423,381Expenses 2018: $338,355Net Income 2018: $85,0262018Revenue 2020: $571,012Expenses 2020: $325,075Net Income 2020: $245,9372020Revenue 2021: $490,923Expenses 2021: $440,099Net Income 2021: $50,8242021Revenue 2022: $495,154Expenses 2022: $474,614Net Income 2022: $20,5402022Revenue 2023: $624,930Expenses 2023: $464,043Net Income 2023: $160,8872023Revenue 2024: $599,226Expenses 2024: $493,849Net Income 2024: $105,3772024Revenue 2025: $528,909Expenses 2025: $334,515Net Income 2025: $194,3942025

Highlighted filing

2016

Revenue$400,278
Expenses$249,094
Net Income$151,184
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$400,278
Mission and Program Overview

Mission

The foundation provides high school students from polk county the opportunity to receive aviation based scholarships for private pilot training, airframe and powerplant training, and college tuition in aviation related fields.

To support the central florida aerospace academy, a public high school "career academy"

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$488,233$583,890▲ $95,657
Investments in Publicly Traded Securities$153,778$209,305▲ $55,527
Total Assets$642,011$793,195▲ $151,184
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$642,011$793,195▲ $151,184
Total Net Assets Fund Balance$642,011$793,195▲ $151,184
Total Liabilities and Net Assets / Fund Balance$642,011$793,195▲ $151,184
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ricardo GarciaPresident
John LeenhoutsVice President
Theodore BrousseauSecretary
Charles AhearnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$397,242
Program Service Revenue
$0
Investment Income
$2,825
Other Revenue
$211
All Other Contributions
$397,242
Change in Net Assets
$151,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$246,177
Other Expenses$2,917
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$227,035--$227,035
Grants to Domestic Orgs$19,142--$19,142
Fees for Services Accounting-$1,250-$1,250
Insurance-$663-$663
Office Expenses-$549-$549
Fees for Services Other$455--$455
Total Functional Expenses$246,632$2,462$0$249,094
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lakeland Aero Club IncLakeland, FL501(c)(3)Airventure 2016 Support$8,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the board of directors for approval before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes all governing documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Central Florida Aerospace Academy
EIN
27-0763731
Phone
8635593980
Address
3650 DRANE FIELD RD, LAKELAND, FL 33811-1208

Signing Officer

Name
Ricardo Garcia
Title
President
Phone
8635593980
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricardo Garcia
Formed
2009
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
10

Preparer

Firm
Cliftonlarsonallen Llp
Address
402 SOUTH KENTUCKY AVENUE SUITE 600, LAKELAND, FL 33801
Preparer
Lauren Ballard
Phone
8636805600
Raw XML Appendix339 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT THE CENTRAL FLORIDA AEROSPACE ACADEMY, A PUBLIC HIGH SCHOOL "CAREER ACADEMY"
IRS990/AllOtherContributionsAmt0397242
IRS990/BooksInCareOfDetail/PersonNm0CHARLES AHEARN
IRS990/BooksInCareOfDetail/PhoneNum02396495733
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 AVIATION DRIVE S 203
IRS990/BooksInCareOfDetail/USAddress/CityNm0NAPLES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd034104
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0488233
IRS990/CashNonInterestBearingGrp/EOYAmt0583890
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0397242
IRS990/CYGrantsAndSimilarPaidAmt0246177
IRS990/CYInvestmentIncomeAmt02825
IRS990/CYOtherExpensesAmt02917
IRS990/CYOtherRevenueAmt0211
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0151184
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0249094
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0400278
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0JAMES C RAY SCHOLARSHIP FUND - FLIGHT TRAINING AND COLLEGE TUITION SCHOLARSHIPS FOR POLK COUNTY HIGH SCHOOL STUDENTS AGED 13 THROUGH 18
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0246632
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01250
IRS990/FeesForServicesAccountingGrp/TotalAmt01250
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0455
IRS990/FeesForServicesOtherGrp/TotalAmt0455
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0RICARDO GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN LEENHOUTS
IRS990/Form990PartVIISectionAGrp/PersonNm2THEODORE BROUSSEAU
IRS990/Form990PartVIISectionAGrp/PersonNm3CHARLES AHEARN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0246177
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0227035
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0227035
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt019142
IRS990/GrantsToDomesticOrgsGrp/TotalAmt019142
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0400278
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0663
IRS990/InsuranceGrp/TotalAmt0663
IRS990/InvestmentIncomeGrp/ExclusionAmt02825
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02825
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0153778
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0209305
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ACADEMY PLACES STRONG EMPHASIS ON THE DEVELOPMENT OF SUPERIOR SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) SKILLS, UTILIZING THE STUDY OF THE AEROSPACE INDUSTRY'S MANY ELEMENTS TO ACCOMPLISH THIS OBJECTIVE.THE CFAAF MISSION INVOLVES GATHERING SUPPORT FOR THE AVIATION AND AEROSPACE-RELATED ACTIVITIES OF THE ACADEMY AND SECURING FUNDING FOR THE CONTINUED DEVELOPMENT AND APPLICATION OF ITS UNIQUE CURRICULUM. BY PROVIDING ACADEMY STUDENTS WITH AN OPPORTUNITY TO EXPLORE AEROSPACE AND AVIATION, CFAAF BELIEVES THEY WILL BE ENCOURAGED AND INSPIRED TO PURSUE REWARDING CAREERS IN RELATED FIELDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0642011
IRS990/NetAssetsOrFundBalancesEOYAmt0793195
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0549
IRS990/OfficeExpensesGrp/TotalAmt0549
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0211
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0211
IRS990/OtherRevenueTotalAmt0211
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICARDO GARCIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0391500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0357808
IRS990/PYInvestmentIncomeAmt02293
IRS990/PYOtherExpensesAmt03589
IRS990/PYOtherRevenueAmt0151
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt032547
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0361397
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0393944
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0151184
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2014 AMOUNT: $ 349. 2015 AMOUNT: $ 151. 2016 AMOUNT: $ 211.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0397242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0391500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0391500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0391500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0392100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01963842
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02825
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02293
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01223
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0185
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06527
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0211
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0349
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0711
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99630
IRS990ScheduleA/PublicSupportPY170Pct00.99760
IRS990ScheduleA/PublicSupportTotal170Amt01963842
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0397242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0391500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0391500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0391500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0392100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01963842
IRS990ScheduleA/TotalSupportAmt01971080
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0227035
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FLIGHT TRAINING, COLLEGE TUITION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt060
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/CashGrantAmt08800
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AIRVENTURE 2016 SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LAKELAND AERO CLUB INC
IRS990ScheduleI/RecipientTable/RecipientEIN0320463941
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03952 DOOLITTLE RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033811
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE 1 JANUARY, 2014, THE FLIGHT TRAINING SCHOLARSHIPS HAVE BEEN SEPARATED INTO TWO CATEGORIES. FIRST TIME APPLICANTS MAY SELECT FROM ONE OF THREE PATHS, GLIDER SOLO, LIGHT SPORT AIRCRAFT (LSA) SOLO, OR PRIVATE PILOT SOLO, ("SOLO SCHOLARSHIPS"). AFTER SUCCESSFUL FIRST SOLO, AN ADDITIONAL SCHOLARSHIP IS AVAILABLE FOR PRIVATE PILOT - GLIDER, LIGHT SPORT - AIRPLANE, OR PRIVATE PILOT - AIRPLANE CERTIFICATION, ("CERTIFICATE SCHOLARSHIPS"). SOLO SCHOLARSHIPS WILL PAY 100% OF THE TRAINING EXPENSES, UP TO THE LIMITS SPECIFIED, INCURRED DURING TRAINING TO COMPLETE "FIRST SOLO". BARRING CIRCUMSTANCES BEYOND THEIR CONTROL, THE RECIPIENT MUST COMPLETE THEIR FIRST SOLO WITHIN SIX (6) MONTHS OF COMMENCEMENT OF TRAINING, OR THE SCHOLARSHIP IS ENDED. FOLLOWING SUCCESSFUL COMPLETION OF THE SOLO SCHOLARSHIP, THE RECIPIENT CAN SUBMIT AN UPDATED APPLICATION FOR AWARD OF A CERTIFICATE SCHOLARSHIP. THE CERTIFICATE SCHOLARSHIP WILL PROVIDE SCHOLARSHIP FUNDING TO PAY 90% OF THE EXPENSES, UP TO THE LIMITS SPECIFIED, INCURRED IN THE TRAINING THAT REMAINS TO COMPLETE THE FAA AIRMEN CERTIFICATE BEING SOUGHT, PRIVATE PILOT - GLIDER, LIGHT SPORT AIRPLANE, OR PRIVATE PILOT - AIRPLANE. THE RECIPIENT WILL BE RESPONSIBLE FOR PAYMENT OF 10% OF THE EXPENSES DURING THE CERTIFICATE SCHOLARSHIP, AND MUST COMPLETE THEIR TRAINING WITHIN TWELVE (12) MONTHS OF COMMENCEMENT OF CERTIFICATE SCHOLARSHIP TRAINING. SCHOLARSHIP RECIPIENTS ARE EXPECTED TO MAINTAIN THEIR GPA AT OR ABOVE THE 2.75 GPA MINIMUM, AND NOTIFY THE SCHOLARSHIP COMMITTEE IF THEIR GRADES FALL BELOW THAT LEVEL. RECIPIENTS ARE ALSO EXPECTED TO MAINTAIN GOOD CHARACTER, STAY OUT OF TROUBLE AND PUT FORTH THEIR BEST EFFORT TO COMPLETE THE TRAINING IN THE TIMEFRAMES SPECIFIED. SHORTCOMINGS IN THESE AREAS WILL BE GROUNDS FOR DISMISSAL FROM THE PROGRAM. PLEASE CONSIDER YOUR ABILITY TO COMMIT TO THIS PROGRAM BEFORE SUBMITTING YOUR APPLICATION. SUCCESSFUL FLIGHT TRAINING REQUIRES A DEDICATED AND DILIGENT EFFORT ON BEHALF OF THE STUDENT AND INSTRUCTOR. THE SCHOLARSHIP AWARDS THEREFORE WILL BE FOR A LIMITED DURATION, ENCOURAGING THE RECIPIENT TO FLY OFTEN ENOUGH EACH WEEK TO PROCEED AT AN ACCEPTABLE PACE THROUGH THE TRAINING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0642011
IRS990/TotalAssetsEOYAmt0793195
IRS990/TotalAssetsGrp/BOYAmt0642011
IRS990/TotalAssetsGrp/EOYAmt0793195
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0397242
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02462
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246632
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249094
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0642011
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0793195
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0246632
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03036
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0400278
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0642011
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0793195
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0642011
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0793195
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03650 DRANE FIELD RD
IRS990/USAddress/CityNm0LAKELAND
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd0338111208
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CFAAF.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICARDO GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08635593980
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL FLORIDA AEROSPACE ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0270763731
ReturnHeader/Filer/PhoneNum08635593980
ReturnHeader/Filer/USAddress/AddressLine1Txt03650 DRANE FIELD RD
ReturnHeader/Filer/USAddress/CityNm0LAKELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0338111208
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C07E2A7FD7A14248814A2DFD76C8FBF771F1D07C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C1138FE863D41D82DB365D1F214E9163B294EF35
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02017-05-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:26:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0402 SOUTH KENTUCKY AVENUE SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033801
ReturnHeader/PreparerPersonGrp/PhoneNum08636805600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN BALLARD
ReturnHeader/ReturnTs02017-05-10T11:08:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$793,195
Liabilities
$0
Net assets
$793,195
Revenue
$400,278
Expenses
$249,094
Net income
$151,184
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.45$0.02$2.43$0.53$0.33$0.19
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.07$2.23$0.60$0.49$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.00$1.84$0.62$0.46$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.50$0.47$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.01$1.65$0.49$0.44$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.01$1.46$0.57$0.33$0.25
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.02$1.04$0.42$0.34$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.05$0.98$0.40$0.27$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.40$0.25$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$0.39$0.36$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$0.39$0.31$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.39$0.30$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.02