Civic Intelligence

Vermont Flight Academy Inc.

990 • Fiscal year 2015 • EIN 27-1366959

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 04, 2015

3060 Williston Road Suite 10South Burlington, VT 05403

(802) 863-5988

Siviq Scores

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

Liabilities / Assets

80th percentile

0.54x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.38x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

47th percentile

1.7%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Revenue Growth

31st percentile

-4.0%

Faster revenue growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2015

Assets

Up

$692,327

Up $170,144 (+33%) from 2013

Net Assets

Up

$321,875

Up $180,418 (+128%) from 2013

Liabilities

Down

$370,452

Down $10,274 (-2.7%) from 2013

Revenue

Down

$974,378

Down $82,837 (-7.8%) from 2013

Expenses

Down

$957,502

Down $29,347 (-3.0%) from 2013

Net Income

Down

$16,876

Down $53,490 (-76%) from 2013

Historical Trend

Balance Sheet Trend

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

2015

Assets$692,327
Liabilities$370,452
Net Assets$321,875

Operations Trend

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

2015

Revenue$974,378
Expenses$957,502
Net Income$16,876
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 4, 2015
Return Version
2014v6.0
Gross Receipts
$1,017,294
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$521,678$537,206▲ $15,528
Cash and Non-Interest-Bearing Accounts$146,550$44,005▼ $102,545
Investments Program Related$36,133$36,133→ $0
Inventories for Sale or Use$19,554$30,484▲ $10,930
Accounts Receivable$30,449$25,265▼ $5,184
Prepaid Expenses and Deferred Charges$3,856$19,234▲ $15,378
Loans From Officers Directors$33,009$18,009▼ $15,000
Total Assets$758,220$692,327▼ $65,893
Liabilities
Mortgage Notes Payable Secured by Investment Property$238,330$200,331▼ $37,999
Deferred Revenue$166,581$147,552▼ $19,029
Accounts Payable and Accrued Expenses$15,301$4,560▼ $10,741
Total Liabilities$453,221$370,452▼ $82,769
Net Assets / Fund Balance
Unrestricted Net Assets$304,999$321,875▲ $16,876
Total Net Assets Fund Balance$304,999$321,875▲ $16,876
Total Liabilities and Net Assets / Fund Balance$758,220$692,327▼ $65,893

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$535,566$99,548$635,114
Leasehold Improvements$1,640$1,150$2,790
Investment Program Related Org$36,133--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$49,993
Program Service Revenue
$934,000
Investment Income
$-10,352
Other Revenue
$737
All Other Contributions
$49,993
Change in Net Assets
$16,876

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Boats and Planes1$32,178Independent Appraisal
Total Noncash Contributions1$32,178-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$700,164
Salaries, Compensation, and Employee Benefits$257,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$232,646--$232,646
Insurance$51,620--$51,620
Depreciation Depletion$50,734--$50,734
Other Expenses$47,267--$47,267
Occupancy$36,150--$36,150
All Other Expenses$35,991--$35,991
Payroll Taxes$23,224--$23,224
Office Expenses$14,063--$14,063
Interest$12,567--$12,567
Information Technology$6,932--$6,932
Advertising$3,686--$3,686
Fees for Services Accounting$3,355--$3,355
Travel$2,157--$2,157
Other Employee Benefits$1,468--$1,468
Fees for Services Legal$1,000--$1,000
Total Functional Expenses$957,502$0$0$957,502
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$33,009$18,009▼ $15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
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, Page 6, Part VI, Line 11B

A pdf file containing a copy of the form 990 is sent to the entire board to be reviewed and comment on. Once approved they give their concent to the president to finalize.

Form 990, Page 6, Part VI, 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 compenation for the president.

Form 990, Page 6, Part VI, Line 19

Copies of by-laws and governing documents are kept at the office of vermont flight academy and are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Vermont Flight Academy Inc
EIN
27-1366959
Phone
8028635988
Address
3060 WILLISTON ROAD SUITE 10, SOUTH BURLINGTON, VT 05403

Signing Officer

Name
Edward Antczak
Title
Executive Director
Phone
8028635988
Signed
2015-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Antczak
Formed
2010
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
11

Preparer

Firm
KITTELL BRANAGAN & SARGENT CPA'S
Address
154 N MAIN ST, ST ALBANS, VT 05478
Preparer
Christopher Branagan
Phone
8025249531
Raw XML AppendixShowing 400 of 406 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt015301
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04560
IRS990/AccountsReceivableGrp/BOYAmt030449
IRS990/AccountsReceivableGrp/EOYAmt025265
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0VT FLIGHT ACADEMY WAS CREATED TO PROMOTE GENERAL AVIATION THROUGH A PROGRAM OF HIGH QUALITY FLIGHT TRAINING PROVIDED AT A COMPETITIVE COST.
IRS990/AdvertisingGrp/ProgramServicesAmt03686
IRS990/AdvertisingGrp/TotalAmt03686
IRS990/AllOtherContributionsAmt049993
IRS990/AllOtherExpensesGrp/ProgramServicesAmt035991
IRS990/AllOtherExpensesGrp/TotalAmt035991
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VERMONT FLIGHT ACADEMY
IRS990/BooksInCareOfDetail/PhoneNum08028635988
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03060 WILLISTON ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SOUTH BURLINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005403
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0146550
IRS990/CashNonInterestBearingGrp/EOYAmt044005
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt049993
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-10352
IRS990/CYOtherExpensesAmt0700164
IRS990/CYOtherRevenueAmt0737
IRS990/CYProgramServiceRevenueAmt0934000
IRS990/CYRevenuesLessExpensesAmt016876
IRS990/CYSalariesCompEmpBnftPaidAmt0257338
IRS990/CYTotalExpensesAmt0957502
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0974378
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/BOYAmt0166581
IRS990/DeferredRevenueGrp/EOYAmt0147552
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt050734
IRS990/DepreciationDepletionGrp/TotalAmt050734
IRS990/Desc041 NEW SIGNERS/STUDENTS CAME INTO OUR SYSTEM IN 2014/2015. THESE INDIVIDUALS SIGNED UP FOR INDIVIDUAL FLIGHT INSTRUCTIONS, DISCOVERY FLIGHT LESSONS AND GROUND TRAINING. VFA CONTINUES IT'S PARTNERSHIP WITH VERMONT TECHNICAL COLLEGE FOR THE THIRD YEAR. STUDENTS ARE GETTING THEIR PRIVATE, INSTRUMENT AND COMMERCIAL LICENSES/ENDORSEMENTS. THERE WERE 36 STUDENTS ENROLLED THIS YEAR. VFA OWNS 7 PLANES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0957502
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt03355
IRS990/FeesForServicesAccountingGrp/TotalAmt03355
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01000
IRS990/FeesForServicesLegalGrp/TotalAmt01000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0true
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt520.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID BORTHWICK-LESLIE
IRS990/Form990PartVIISectionAGrp/PersonNm1LARRY DUPONT
IRS990/Form990PartVIISectionAGrp/PersonNm2DOUGLAS WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTOPHER BEATTIE
IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS DUDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5DOUGLAS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6GUY ROUELLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-10661
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt032255
IRS990/GrossReceiptsAmt01017294
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt06932
IRS990/InformationTechnologyGrp/TotalAmt06932
IRS990/InsuranceGrp/ProgramServicesAmt051620
IRS990/InsuranceGrp/TotalAmt051620
IRS990/InterestGrp/ProgramServicesAmt012567
IRS990/InterestGrp/TotalAmt012567
IRS990/InventoriesForSaleOrUseGrp/BOYAmt019554
IRS990/InventoriesForSaleOrUseGrp/EOYAmt030484
IRS990/InvestmentIncomeGrp/ExclusionAmt0309
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0309
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt036133
IRS990/InvestmentsProgramRelatedGrp/EOYAmt036133
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0100698
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0521678
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0537206
IRS990/LandBldgEquipCostOrOtherBssAmt0637904
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt042916
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt033009
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt018009
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0VT FLIGHT ACADEMY WAS CREATED TO PROMOTE GENERAL AVIATION THROUGH A PROGRAM OF HIGH QUALITY FLIGHT TRAINING PROVIDED AT A COMPETITIVE COST.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0238330
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0200331
IRS990/NetAssetsOrFundBalancesBOYAmt0304999
IRS990/NetAssetsOrFundBalancesEOYAmt0321875
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-10661
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10661
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt032178
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt036150
IRS990/OccupancyGrp/TotalAmt036150
IRS990/OfficeExpensesGrp/ProgramServicesAmt014063
IRS990/OfficeExpensesGrp/TotalAmt014063
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01468
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01468
IRS990/OtherExpensesGrp/Desc0AIRCRAFT EXPENSE
IRS990/OtherExpensesGrp/Desc1CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE LABOR
IRS990/OtherExpensesGrp/Desc3PARTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0233101
IRS990/OtherExpensesGrp/ProgramServicesAmt1103657
IRS990/OtherExpensesGrp/ProgramServicesAmt297884
IRS990/OtherExpensesGrp/ProgramServicesAmt347267
IRS990/OtherExpensesGrp/TotalAmt0233101
IRS990/OtherExpensesGrp/TotalAmt1103657
IRS990/OtherExpensesGrp/TotalAmt297884
IRS990/OtherExpensesGrp/TotalAmt347267
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0737
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0737
IRS990/OtherRevenueTotalAmt0737
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0232646
IRS990/OtherSalariesAndWagesGrp/TotalAmt0232646
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt023224
IRS990/PayrollTaxesGrp/TotalAmt023224
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03856
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019234
IRS990/PrincipalOfficerNm0EDWARD ANTCZAK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0FLIGHT INSTRUCTION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0934000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0934000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0141487
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0413
IRS990/PYOtherExpensesAmt0405029
IRS990/PYOtherRevenueAmt0230
IRS990/PYProgramServiceRevenueAmt0523105
IRS990/PYRevenuesLessExpensesAmt0163542
IRS990/PYSalariesCompEmpBnftPaidAmt096664
IRS990/PYTotalExpensesAmt0501693
IRS990/PYTotalRevenueAmt0665235
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt016876
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0934737
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0535566
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099548
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0635114
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt036133
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LAWN DART FLYERS, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01640
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01150
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02790
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0537206
IRS990ScheduleD/TotalBookValueProgramRltdAmt036133
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN ALL BROCHURES AND ADVERTISING.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS ARE AWARDED BY VERMONT FLIGHT ACADEMY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt09417
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt18592
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1START UP EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt010213
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt128592
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SANDRA BOLGER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1DOUGLAS SMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PAST OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt018009
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/BoatsAndPlanesGrp/ContributionCnt01
IRS990ScheduleM/BoatsAndPlanesGrp/MethodOfDeterminingRevenuesTxt0INDEPENDENT APPRAISAL
IRS990ScheduleM/BoatsAndPlanesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BoatsAndPlanesGrp/NoncashContributionsRptF990Amt032178
IRS990ScheduleM/Form8283ReceivedCnt01
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PDF FILE CONTAINING A COPY OF THE FORM 990 IS SENT TO THE ENTIRE BOARD TO BE REVIEWED AND COMMENT ON. ONCE APPROVED THEY GIVE THEIR CONCENT TO THE PRESIDENT TO FINALIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN 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 COMPENATION FOR THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF BY-LAWS AND GOVERNING DOCUMENTS ARE KEPT AT THE OFFICE OF VERMONT FLIGHT ACADEMY AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0758220
IRS990/TotalAssetsEOYAmt0692327
IRS990/TotalAssetsGrp/BOYAmt0758220
IRS990/TotalAssetsGrp/EOYAmt0692327
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt049993
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0957502
IRS990/TotalFunctionalExpensesGrp/TotalAmt0957502
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0453221
IRS990/TotalLiabilitiesEOYAmt0370452
IRS990/TotalLiabilitiesGrp/BOYAmt0453221
IRS990/TotalLiabilitiesGrp/EOYAmt0370452
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0304999
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0321875
IRS990/TotalProgramServiceExpensesAmt0957502
IRS990/TotalProgramServiceRevenueAmt0934000
IRS990/TotalRevenueGrp/ExclusionAmt0-10352
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0934737
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0974378
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0758220
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0692327
IRS990/TravelGrp/ProgramServicesAmt02157
IRS990/TravelGrp/TotalAmt02157
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0304999
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0321875
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03060 WILLISTON ROAD
IRS990/USAddress/CityNm0SOUTH BURLINGTON
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005403
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VERMONTFLIGHTACADEMY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD ANTCZAK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08028635988
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERMONT FLIGHT ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0VERM
ReturnHeader/Filer/EIN0271366959
ReturnHeader/Filer/PhoneNum08028635988
ReturnHeader/Filer/USAddress/AddressLine1Txt03060 WILLISTON ROAD SUITE 10
ReturnHeader/Filer/USAddress/CityNm0SOUTH BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030302296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KITTELL BRANAGAN & SARGENT CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0154 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST ALBANS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005478
ReturnHeader/PreparerPersonGrp/PhoneNum08025249531
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-04

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits