Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
990 • Fiscal year 2017 • EIN 27-1366959
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
75th percentile
Higher net margin than 75% of similar nonprofits.
Top Officer Pay
54th percentile
Higher top officer pay than 54% of similar nonprofits.
Top officer pay equals 5.5% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
Assets
Up$1,058,670
Up $119,614 (+13%) from 2016
Net Assets
Up$681,284
Up $209,333 (+44%) from 2016
Liabilities
Down$377,386
Down $89,719 (-19%) from 2016
Revenue
Up$1,266,609
Up $81,594 (+6.9%) from 2016
Expenses
Up$1,057,276
Up $22,337 (+2.2%) from 2016
Net Income
Up$209,333
Up $59,257 (+39%) from 2016
Vt flight academy was created to promote general aviation through a program of high quality flight training provided at a competitive cost.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $485,865 | $533,197 | ▲ $47,332 |
| Cash and Non-Interest-Bearing Accounts | $328,335 | $402,558 | ▲ $74,223 |
| Accounts Receivable | $53,912 | $46,288 | ▼ $7,624 |
| Investments Program Related | $36,133 | $36,133 | → $0 |
| Inventories for Sale or Use | $20,425 | $24,330 | ▲ $3,905 |
| Prepaid Expenses and Deferred Charges | $14,386 | $16,164 | ▲ $1,778 |
| Loans From Officers Directors | $9,417 | $9,417 | → $0 |
| Total Assets | $939,056 | $1,058,670 | ▲ $119,614 |
| Liabilities | |||
| Deferred Revenue | $307,538 | $287,997 | ▼ $19,541 |
| Mortgage Notes Payable Secured by Investment Property | $125,220 | $75,108 | ▼ $50,112 |
| Accounts Payable and Accrued Expenses | $24,930 | $4,864 | ▼ $20,066 |
| Total Liabilities | $467,105 | $377,386 | ▼ $89,719 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $471,951 | $681,284 | ▲ $209,333 |
| Total Net Assets Fund Balance | $471,951 | $681,284 | ▲ $209,333 |
| Total Liabilities and Net Assets / Fund Balance | $939,056 | $1,058,670 | ▲ $119,614 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $532,351 | $189,830 | $722,181 |
| Leasehold Improvements | $846 | $1,944 | $2,790 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Tony Speranza | Director of Oper | FT | $70,000 | $70,000 |
| Name | Title |
|---|---|
| Douglas Smith | President |
| Brent Smith | Board Member |
| David Borthwick-leslie | Board Member |
| Douglas White | Board Member |
| Frank Shea | Board Member |
| Guy Rouelle | Board Member |
| Larry Dupont | Board Member |
| Thomas Dudley | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $738,291 |
| Salaries, Compensation, and Employee Benefits | $318,985 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $215,624 | - | - | $215,624 |
| Current Officers, Directors, Trustees, and Key Employees | - | $70,000 | - | $70,000 |
| Insurance | $57,231 | - | - | $57,231 |
| Depreciation Depletion | $56,329 | - | - | $56,329 |
| Other Expenses | $49,763 | - | - | $49,763 |
| Occupancy | $35,400 | - | - | $35,400 |
| All Other Expenses | $34,688 | - | - | $34,688 |
| Payroll Taxes | $31,850 | - | - | $31,850 |
| Office Expenses | $23,777 | - | - | $23,777 |
| Information Technology | $10,119 | - | - | $10,119 |
| Interest | $6,780 | - | - | $6,780 |
| Travel | $2,205 | - | - | $2,205 |
| Advertising | $1,542 | - | - | $1,542 |
| Other Employee Benefits | $1,511 | - | - | $1,511 |
| Fees for Services Accounting | $1,095 | - | - | $1,095 |
| Total Functional Expenses | $987,276 | $70,000 | $0 | $1,057,276 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $3,807 |
| Fundraising Gross Income | $930 |
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $9,417 | $9,417 | → $0 |
“A pdf file containing a copy of the form 990 will be sent to the entire board.”
“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.”
“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.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 24930 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 4864 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 53912 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 46288 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | VT FLIGHT ACADEMY WAS CREATED TO PROMOTE GENERAL AVIATION THROUGH A PROGRAM OF HIGH QUALITY FLIGHT TRAINING PROVIDED AT A COMPETITIVE COST. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 1542 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1542 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 34688 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 34688 |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | VERMONT FLIGHT ACADEMY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8028635988 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3060 WILLISTON ROAD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | SOUTH BURLINGTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 05403 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 328335 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 402558 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 70000 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 70000 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -6290 |
| IRS990/CYOtherExpensesAmt | 0 | 738291 |
| IRS990/CYOtherRevenueAmt | 0 | 23675 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1249224 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 209333 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 318985 |
| IRS990/CYTotalExpensesAmt | 0 | 1057276 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1266609 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 307538 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 287997 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 56329 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 56329 |
| IRS990/Desc | 0 | 140 NEW SIGNERS/STUDENTS CAME INTO OUR SYSTEM IN 2016/17. THESE INDIVIDUALS SIGNED UP FOR INDIVIDUAL FLIGHT INSTRUCTION, DISCOVERY FLIGHT LESSONS AND GROUND TRAINING. VFA CONTINUES ITS PARTNERSHIP WITH VERMONT TECHNICAL COLLEGE FOR THE FIFTH YEAR. STUDENTS ARE GETTING THEIR PRIVATE, INSTRUMENT AND COMMERCIAL LICENSES/ENDORSEMENTS. THERE WERE 40 STUDENTS ENROLLED THIS YEAR THROUGH THE VERMONT TECH PROGRAM. VFA OPERATES 15 AIRCRAFT OF WHICH 9 ARE OWNED DIRECTLY BY VFA. THE OTHER 6 ARE UNDER CONTRACT AND OPERATED FOR BUSINESS PURPOSES UNDER A "LEASE BACK" ARRANGEMENT. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 19 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 987276 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 1095 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1095 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DAVID BORTHWICK-LESLIE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | LARRY DUPONT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DOUGLAS WHITE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | FRANK SHEA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | THOMAS DUDLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DOUGLAS SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | GUY ROUELLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BRENT SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TONY SPERANZA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 70000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIR. OF OPER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2010 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/FundraisingDirectExpensesAmt | 0 | 3807 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 930 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -6957 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 30598 |
| IRS990/GrossReceiptsAmt | 0 | 1307971 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 10119 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 10119 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 57231 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 57231 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 6780 |
| IRS990/InterestGrp/TotalAmt | 0 | 6780 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 20425 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 24330 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 667 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 667 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 36133 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 36133 |
| IRS990/IRPDocumentCnt | 0 | 26 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 191774 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 485865 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 533197 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 724971 |
| IRS990/LegalDomicileStateCd | 0 | VT |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 37555 |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 9417 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 9417 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | VT FLIGHT ACADEMY WAS CREATED TO PROMOTE GENERAL AVIATION THROUGH A PROGRAM OF HIGH QUALITY FLIGHT TRAINING PROVIDED AT A COMPETITIVE COST. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 125220 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 75108 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 471951 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 681284 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | -6957 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -6957 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -2877 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -2877 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 35400 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 35400 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 23777 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 23777 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 1511 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 1511 |
| IRS990/OtherExpensesGrp/Desc | 0 | AIRCRAFT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | CONTRACTED SERVICES |
| IRS990/OtherExpensesGrp/Desc | 2 | MAINTENANCE LABOR |
| IRS990/OtherExpensesGrp/Desc | 3 | PARTS |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 315736 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 82241 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 61385 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 49763 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 315736 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 82241 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 61385 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 49763 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 26552 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 26552 |
| IRS990/OtherRevenueTotalAmt | 0 | 26552 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 215624 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 215624 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 31850 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 31850 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 14386 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 16164 |
| IRS990/PrincipalOfficerNm | 0 | TONY SPERANZA |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FLIGHT INSTRUCTION INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1249224 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1249224 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 606 |
| IRS990/PYOtherExpensesAmt | 0 | 782830 |
| IRS990/PYOtherRevenueAmt | 0 | 10267 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1174142 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 150076 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 252109 |
| IRS990/PYTotalExpensesAmt | 0 | 1034939 |
| IRS990/PYTotalRevenueAmt | 0 | 1185015 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 209333 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 1275776 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 532351 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 189830 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 722181 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 846 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 1944 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 2790 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 533197 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | false |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE POLICY IS INCLUDED IN ALL BROCHURES AND ADVERTISING. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | NO SCHOLARSHIPS ARE AWARDED BY VERMONT FLIGHT ACADEMY. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, LINE 4 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 9417 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | START UP EXPENSES |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 10213 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | SANDRA BOLGER |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | PAST OFFICER |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | false |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 9417 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A PDF FILE CONTAINING A COPY OF THE FORM 990 WILL BE SENT TO THE ENTIRE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 939056 |
| IRS990/TotalAssetsEOYAmt | 0 | 1058670 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 939056 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1058670 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 19 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 70000 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 987276 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1057276 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 467105 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 377386 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 467105 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 377386 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 471951 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 681284 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 987276 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 1249224 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 70000 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | -9167 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1275776 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1266609 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 939056 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1058670 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 2205 |
| IRS990/TravelGrp/TotalAmt | 0 | 2205 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 471951 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 681284 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 3060 WILLISTON ROAD SUITE 10 |
| IRS990/USAddress/CityNm | 0 | SOUTH BURLINGTON |
| IRS990/USAddress/StateAbbreviationCd | 0 | VT |
| IRS990/USAddress/ZIPCd | 0 | 05403 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.VERMONTFLIGHTACADEMY.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TONY SPERANZA |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIR. OF OPERATIONS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8028635988 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-11-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VERMONT FLIGHT ACADEMY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VERM |
| ReturnHeader/Filer/EIN | 0 | 271366959 |
| ReturnHeader/Filer/PhoneNum | 0 | 8028635988 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3060 WILLISTON ROAD SUITE 10 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SOUTH BURLINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 05403 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 80E9B1C1DA577DED185F8671859403F2638C4193 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 80E9B1C1DA577DED185F8671859403F2638C4193 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 030302296 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | KITTELL BRANAGAN & SARGENT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 154 N MAIN ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ST ALBANS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 05478 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8025249531 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-11-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRISTOPHER BRANAGAN CPA |
| ReturnHeader/ReturnTs | 0 | 2017-11-14T13:43:11-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
No mirrored PDF or thumbnail assets are attached yet.
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.