Civic Intelligence

Triple Tree Aerodrome Inc.

990 • Fiscal year 2020 • EIN 27-5385464

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

330 Mary Hanna RdWoodruff, SC 29388

(863) 510-6460

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.20x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

3rd percentile

-143%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

65th percentile

$91,368

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 22.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

9th percentile

-9.2%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,779,199

Down $482,756 (-9.2%) from 2019

Net Assets

Down

$4,696,503

Down $539,831 (-10%) from 2019

Liabilities

Up

$82,696

Up $57,075 (+223%) from 2019

Revenue

Down

$405,513

Down $633,162 (-61%) from 2019

Expenses

Down

$987,239

Down $208,481 (-17%) from 2019

Net Income

Down

-$581,726

Down $424,681 (-270%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2018: $5,379,856Liabilities 2018: $267Net Assets 2018: $5,379,5892018Assets 2019: $5,261,955Liabilities 2019: $25,621Net Assets 2019: $5,236,3342019Assets 2020: $4,779,199Liabilities 2020: $82,696Net Assets 2020: $4,696,5032020Assets 2021: $4,627,218Liabilities 2021: $210,102Net Assets 2021: $4,417,1162021Assets 2022: $7,627,746Liabilities 2022: $159,400Net Assets 2022: $7,468,3462022Assets 2023: $8,432,422Liabilities 2023: $197,406Net Assets 2023: $8,235,0162023Assets 2024: $9,470,334Liabilities 2024: $166,955Net Assets 2024: $9,303,3792024

Highlighted filing

2020

Assets$4,779,199
Liabilities$82,696
Net Assets$4,696,503

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $967,732Expenses 2018: $1,251,152Net Income 2018: -$283,4202018Revenue 2019: $1,038,675Expenses 2019: $1,195,720Net Income 2019: -$157,0452019Revenue 2020: $405,513Expenses 2020: $987,239Net Income 2020: -$581,7262020Revenue 2021: $792,121Expenses 2021: $1,061,527Net Income 2021: -$269,4062021Revenue 2022: $4,629,859Expenses 2022: $1,503,299Net Income 2022: $3,126,5602022Revenue 2023: $1,439,700Expenses 2023: $1,403,726Net Income 2023: $35,9742023Revenue 2024: $1,827,077Expenses 2024: $1,689,009Net Income 2024: $138,0682024

Highlighted filing

2020

Revenue$405,513
Expenses$987,239
Net Income-$581,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$405,513
Mission and Program Overview

Mission

To ignite and expand the passion for aviation by utilizing our world renown facility and dedicated volunteers to provide aviation-based steam educational programs that provide the necessary skills to succeed in the global community. The purpose of triple tree aerodrome, inc. Is to provide education,information and history about all types of aviation, ranging from model airplanes to full-size aircraft; to promote aviation safety; to promote the science of aviation and aerodynamics; to provide a unique, user-centric,hands-on education experience with all forms and types of aviation, ranging from model and remotely controlled airplanes to full-size aircraft,including sailplanes and gliders as well as powered aircraft; and to do all things necessary or convenient, and not inconsistent with the law, to further these goals, which are to be exclusively charitable, scientific and educational within the meaning of section 501(c)(3) of the internal revenue code.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,804,412$4,556,794▼ $247,618
Cash and Non-Interest-Bearing Accounts$418,963$184,184▼ $234,779
Investments in Publicly Traded Securities$16,509$16,776▲ $267
Prepaid Expenses and Deferred Charges$19,331$16,486▼ $2,845
Savings and Temporary Cash Investments$240$932▲ $692
Total Assets$5,261,955$4,779,199▼ $482,756
Other Assets Total$2,500$4,027▲ $1,527
Liabilities
Deferred Revenue$18,821$43,340▲ $24,519
Other Liabilities$0$38,000▲ $38,000
Accounts Payable and Accrued Expenses$6,800$1,356▼ $5,444
Total Liabilities$25,621$82,696▲ $57,075
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,236,334$4,696,503▼ $539,831
Total Net Assets Fund Balance$5,236,334$4,696,503▼ $539,831
Total Liabilities and Net Assets / Fund Balance$5,261,955$4,779,199▼ $482,756

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,248,979$360,814-
Other Land Buildings$1,422,828$1,666,421-
Land$1,750,000--
Equipment$32,477$609,712-
Leasehold Improvements$102,510$119,507-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert WilliamsExecutive DirectorFT$91,368$91,368

Board Members and Trustees

NameTitle
Sean P HartnessBoard Chair
Harold BittnerBoard Member
Joel Michael GregoryBoard Member
Robert TraynhamBoard Member
Thomas P HartnessBoard Member
Timothy E BrownBoard Member
Henry P DerrickSecretary
Eugene F StrozierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$290,841
Program Service Revenue
$113,641
Investment Income
$1,031
Other Revenue
$0
All Other Contributions
$290,841
Change in Net Assets
$-581,726

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$53,098Fair Market Value (FMV)
Other Non Cash Contri Table1$15,198Fair Market Value (FMV)
Other Non Cash Contri Table1$13,000Selling Price
Other Non Cash Contri Table4$4,472Selling Price
Total Noncash Contributions7$85,768-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$802,713
Salaries, Compensation, and Employee Benefits$184,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$409,003--$409,003
Other Salaries and Wages$103,125$79,092-$182,217
All Other Expenses$39,794$1,428-$41,222
Insurance$33,577--$33,577
Occupancy$32,839--$32,839
Fees for Services Accounting-$24,149-$24,149
Other Expenses$20,867--$20,867
Advertising$7,917--$7,917
Fees for Services Other$2,892--$2,892
Pension Plan Contributions$2,309--$2,309
Travel-$2,286-$2,286
Total Functional Expenses$880,284$106,955$0$987,239
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp$36,000
Eidl Funding$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Thomas p. Hartness, board member, and sean p. Hartness, board chair, are father and son.

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

Organization's process to review form 990 reviewed by person authorized to sign.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy determined by the board.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Triple Tree Aerodrome Inc
EIN
27-5385464
Phone
8635106460
Address
330 MARY HANNA RD, WOODRUFF, SC 29388

Signing Officer

Name
Robert Williams
Title
Executive Director
Phone
8635106460
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Williams
Formed
2010
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
330

Preparer

Firm
The Hultquist Firm CPA Pc
Address
3535 PELHAM ROAD STE 101, GREENVILLE, SC 29615
Preparer
Mathew J Hultquist
Phone
8647700240
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Book to tax depreciation adjustment 41,895.

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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0114672
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0240
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0932
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0139743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0226038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0229827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0335683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0171032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01102323
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0685
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0577
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02656
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02571449
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82120
IRS990ScheduleA/PublicSupportPY170Pct00.72730
IRS990ScheduleA/PublicSupportTotal170Amt0907415
IRS990ScheduleA/SubstantialContributorsTotAmt0194908
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0139743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0226038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0229827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0335683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0171032
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01102323
IRS990ScheduleA/TotalSupportAmt01104979
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
IRS990ScheduleD/BuildingsGrp/BookValueAmt01248979
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0360814
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01609793
IRS990ScheduleD/EquipmentGrp/BookValueAmt032477
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0609712
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0642189
IRS990ScheduleD/LandGrp/BookValueAmt01750000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01750000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0102510
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0119507
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0222017
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01422828
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01666421
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03089249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EIDL FUNDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04556794
IRS990ScheduleD/TotalLiabilityAmt038000
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BoatsAndPlanesGrp/ContributionCnt01
IRS990ScheduleM/BoatsAndPlanesGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/BoatsAndPlanesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BoatsAndPlanesGrp/NoncashContributionsRptF990Amt053098
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt24
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0EQUIPMENT RENTAL
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1LANDSCAPING MATERIAL
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2EQUIPMENT AND ACESSORIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1SELLING PRICE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2SELLING PRICE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt015198
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt113000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt24472
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THOMAS P. HARTNESS, BOARD MEMBER, AND SEAN P. HARTNESS, BOARD CHAIR, ARE FATHER AND SON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990 REVIEWED BY PERSON AUTHORIZED TO SIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF CONFLICTS POLICY DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK TO TAX DEPRECIATION ADJUSTMENT 41,895.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05261955
IRS990/TotalAssetsEOYAmt04779199
IRS990/TotalAssetsGrp/BOYAmt05261955
IRS990/TotalAssetsGrp/EOYAmt04779199
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0290841
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0880284
IRS990/TotalFunctionalExpensesGrp/TotalAmt0987239
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025621
IRS990/TotalLiabilitiesEOYAmt082696
IRS990/TotalLiabilitiesGrp/BOYAmt025621
IRS990/TotalLiabilitiesGrp/EOYAmt082696
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05236334
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04696503
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0880284
IRS990/TotalProgramServiceRevenueAmt0113641
IRS990/TotalReportableCompFromOrgAmt091368
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114672
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0405513
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0330
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05261955
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04779199
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02286
IRS990/TravelGrp/TotalAmt02286
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 MARY HANNA RD
IRS990/USAddress/CityNm0WOODRUFF
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029388

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