Civic Intelligence

Vermont Flight Academy Inc.

990 • Fiscal year 2011 • EIN 27-1366959

Jan 01, 2011 to Dec 31, 2011 • Filed on May 17, 2012

Organization ProfileWWW.VERMONTFLIGHTACADEMY.COM

View Organization Page

3600 WILLISTON ROAD Room No 1005403
Siviq Scores

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

Liabilities / Assets

96th percentile

1.67x

Higher debt load relative to assets than 96% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

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

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets96th percentile

Assets

$37,550

No earlier filing loaded for comparison.

Net Assets

-$25,199

No earlier filing loaded for comparison.

Liabilities

$62,749

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$237,163

No earlier filing loaded for comparison.

Net Income

-

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.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $37,550Liabilities 2011: $62,749Net Assets 2011: -$25,1992011Assets 2013: $522,183Liabilities 2013: $380,726Net Assets 2013: $141,4572013Assets 2015: $692,327Liabilities 2015: $370,452Net Assets 2015: $321,8752015Assets 2016: $939,056Liabilities 2016: $467,105Net Assets 2016: $471,9512016Assets 2017: $1,058,670Liabilities 2017: $377,386Net Assets 2017: $681,2842017Assets 2018: $1,030,698Liabilities 2018: $213,475Net Assets 2018: $817,2232018Assets 2019: $1,101,676Liabilities 2019: $91,033Net Assets 2019: $1,010,6432019Assets 2020: $1,426,139Liabilities 2020: $304,593Net Assets 2020: $1,121,5462020Assets 2021: $2,128,401Liabilities 2021: $538,773Net Assets 2021: $1,589,6282021Assets 2022: $2,185,756Liabilities 2022: $422,303Net Assets 2022: $1,763,4532022Assets 2023: $2,466,057Liabilities 2023: $821,443Net Assets 2023: $1,644,6142023Assets 2024: $2,440,800Liabilities 2024: $783,261Net Assets 2024: $1,657,5392024Assets 2025: $1,921,199Liabilities 2025: $705,696Net Assets 2025: $1,215,5032025

Highlighted filing

2011

Assets$37,550
Liabilities$62,749
Net Assets-$25,199
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $237,1632011Revenue 2013: $1,057,215Expenses 2013: $986,849Net Income 2013: $70,3662013Revenue 2015: $974,378Expenses 2015: $957,502Net Income 2015: $16,8762015Revenue 2016: $1,185,015Expenses 2016: $1,034,939Net Income 2016: $150,0762016Revenue 2017: $1,266,609Expenses 2017: $1,057,276Net Income 2017: $209,3332017Revenue 2018: $1,449,185Expenses 2018: $1,313,246Net Income 2018: $135,9392018Revenue 2019: $1,537,634Expenses 2019: $1,344,214Net Income 2019: $193,4202019Revenue 2020: $1,406,531Expenses 2020: $1,295,628Net Income 2020: $110,9032020Revenue 2021: $2,063,436Expenses 2021: $1,595,354Net Income 2021: $468,0822021Revenue 2022: $2,174,599Expenses 2022: $2,000,774Net Income 2022: $173,8252022Revenue 2023: $2,663,621Expenses 2023: $2,782,460Net Income 2023: -$118,8392023Revenue 2024: $2,705,764Expenses 2024: $2,692,839Net Income 2024: $12,9252024Revenue 2025: $2,449,718Expenses 2025: $2,891,754Net Income 2025: -$442,0362025

Highlighted filing

2011

Revenue-
Expenses$237,163
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 17, 2012
Return Version
2011v1.2
Gross Receipts
$237,064
Mission and Program Overview

Mission

Vt flight academy was created to promote general aviation through a program of high quality flight training provided at a competitive cost.

Filing and Contact Details

Filer

EIN
27-1366959
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IRS990ScheduleO/GeneralExplanation/Explanation0A PDF FILE CONTAINING A COPY OF FORM 990 IS SENT TO THE PRESIDENT AND VICE PRESIDENT TO REVIEW AND COMMENT AND THEN THE OFFICERS EMAIL THEIR CONSENT TO THE CPA BEFORE THE 990 FORM IS FINALIZED.
IRS990ScheduleO/GeneralExplanation/Explanation1AN EMAIL IS CIRCULATED TO THE MEMBERS OF THE BOARD OF DIRECTORS WITH INFORMATION REGARDING AVERAGE PAY RATES FOR EXECUTIVE DIRECTORS OF LIKE ORGANIZATIONS. THIS AVERAGE COMPENSATION IS COMPARED TO THE ACTUAL HOURS WORKED AND A CALCULATION FOR SALARY IS MADE BASED ON THE AVAILABLE FUNDS FOR THIS PURPOSE. THE BOARD THEN VOTES AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT.
IRS990ScheduleO/GeneralExplanation/Explanation2COPIES OF BY-LAWS AND GOVERNING DOCUMENTS ARE KEPT AT THE OFFICE OF VERMONT FLIGHT ACADEMY AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3Form 990 Part VI Section B Line 11b A PDF FILE CONTAINING A COPY OF FORM 990 IS SENT TO THE PRESIDENT AND VICE PRESIDENT TO REVIEW AND COMMENT AND THEN THE OFFICERS EMAIL THEIR CONSENT TO THE CPA BEFORE THE 990 FORM IS FINALIZED. Form 990 Part VI Section B Line 15a AN EMAIL IS CIRCULATED TO THE MEMBERS OF THE BOARD OF DIRECTORS WITH INFORMATION REGARDING AVERAGE PAY RATES FOR EXECUTIVE DIRECTORS OF LIKE ORGANIZATIONS. THIS AVERAGE COMPENSATION IS COMPARED TO THE ACTUAL HOURS WORKED AND A CALCULATION FOR SALARY IS MADE BASED ON THE AVAILABLE FUNDS FOR THIS PURPOSE. THE BOARD THEN VOTES AND APPROVES THE COMPENSATION FOR THE PRESIDENT AND VICE PRESIDENT. Form 990 Part VI Section C Line 19 COPIES OF BY-LAWS AND GOVERNING DOCUMENTS ARE KEPT AT THE OFFICE OF VERMONT FLIGHT ACADEMY AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/GeneralExplanation/Identifier2Form 990 Part VI
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IRS990ScheduleO/GeneralExplanation/ReturnReference115a
IRS990ScheduleO/GeneralExplanation/ReturnReference219
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IRS990/School0true
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0VT
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine103600 WILLISTON ROAD 10
IRS990/TheBooksAreInCareOf/AddressUS/City0SOUTH BURLINGTON
IRS990/TheBooksAreInCareOf/AddressUS/State0VT
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode005403
IRS990/TheBooksAreInCareOf/NamePerson0MOSES DALY
IRS990/TheBooksAreInCareOf/TelephoneNumber08028635988
IRS990/TotalAssets/BOY019078
IRS990/TotalAssetsBOY019078
IRS990/TotalAssets/EOY037550
IRS990/TotalAssetsEOY037550
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear0237163
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices0237163
IRS990/TotalFunctionalExpenses/Total0237163
IRS990/TotalFundrsngExpCurrentYear00
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IRS990/TotalLiabilities/BOY038407
IRS990/TotalLiabilitiesBOY038407
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IRS990/TotalLiabilitiesEOY062749
IRS990/TotalLiabNetAssetsFundBalances/BOY019078
IRS990/TotalLiabNetAssetsFundBalances/EOY037550
IRS990/TotalNbrEmployees09
IRS990/TotalNbrVolunteers04
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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$37,550
Liabilities
$62,749
Net assets
-$25,199
Revenue
-
Expenses
$237,163
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.71$1.22$2.45$2.89$0.44
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.78$1.66$2.71$2.69$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.82$1.64$2.66$2.78$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.42$1.76$2.17$2.00$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.54$1.59$2.06$1.60$0.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.30$1.12$1.41$1.30$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.09$1.01$1.54$1.34$0.19
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.21$0.82$1.45$1.31$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.38$0.68$1.27$1.06$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.47$0.47$1.19$1.03$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.37$0.32$0.97$0.96$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.38$0.14$1.06$0.99$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.06$0.03$0.24