Civic Intelligence

Parachute Industry Association

990 • Fiscal year 2014 • EIN 31-1052827

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 24, 2015

Organization Profilewww.pia.com
10661 E Cordova StSuiteGold Canyon, AZ 85118

(480) 982-6125

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

22nd percentile

0.00x

Higher debt load relative to revenue than 22% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

98th percentile

50%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

81st percentile

20%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

50th percentile

3.8%

Faster revenue growth than 50% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$749,975

Up $127,363 (+20%) from 2013

Net Assets

Up

$749,565

Up $127,213 (+20%) from 2013

Liabilities

Up

$410

Up $150 (+58%) from 2013

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin98th percentile

Revenue

Up

$253,688

Up $9,363 (+3.8%) from 2013

Expenses

Down

$126,475

Down $898,426 (-88%) from 2013

Net Income

Up

$127,213

Up $907,789 (+116%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$1.0M$500K$0Assets 2013: $622,612Liabilities 2013: $260Net Assets 2013: $622,3522013Assets 2014: $749,975Liabilities 2014: $410Net Assets 2014: $749,5652014Assets 2015: $714,387Liabilities 2015: $0Net Assets 2015: $714,3872015Assets 2016: $806,726Liabilities 2016: $0Net Assets 2016: $806,7262016Assets 2017: $693,188Liabilities 2017: $0Net Assets 2017: $693,1882017Assets 2019: $747,719Liabilities 2019: $0Net Assets 2019: $747,7192019Assets 2020: $670,422Liabilities 2020: $0Net Assets 2020: $670,4222020Assets 2021: $695,082Liabilities 2021: $0Net Assets 2021: $695,0822021Assets 2022: $857,209Liabilities 2022: $5,556Net Assets 2022: $851,6532022Assets 2023: $878,582Liabilities 2023: $11,221Net Assets 2023: $867,3612023Assets 2024: $863,063Liabilities 2024: $16,403Net Assets 2024: $846,6602024Assets 2025: $961,736Liabilities 2025: $18,909Net Assets 2025: $942,8272025

Highlighted filing

2014

Assets$749,975
Liabilities$410
Net Assets$749,565
Open 2014 Filing

Operations Trend

Revenue Growth50th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2013: $244,325Expenses 2013: $1,024,901Net Income 2013: -$780,5762013Revenue 2014: $253,688Expenses 2014: $126,475Net Income 2014: $127,2132014Revenue 2015: $242,114Expenses 2015: $277,292Net Income 2015: -$35,1782015Revenue 2016: $326,292Expenses 2016: $233,953Net Income 2016: $92,3392016Revenue 2017: $209,159Expenses 2017: $322,697Net Income 2017: -$113,5382017Revenue 2019: $485,746Expenses 2019: $362,917Net Income 2019: $122,8292019Revenue 2020: $120,054Expenses 2020: $197,351Net Income 2020: -$77,2972020Revenue 2021: $155,624Expenses 2021: $130,964Net Income 2021: $24,6602021Revenue 2022: $279,295Expenses 2022: $122,724Net Income 2022: $156,5712022Revenue 2023: $330,532Expenses 2023: $314,824Net Income 2023: $15,7082023Revenue 2024: $132,815Expenses 2024: $152,119Net Income 2024: -$19,3042024Revenue 2025: $632,469Expenses 2025: $536,302Net Income 2025: $96,1672025

Highlighted filing

2014

Revenue$253,688
Expenses$126,475
Net Income$127,213
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 24, 2015
Return Version
2014v5.0
Gross Receipts
$253,688
Mission and Program Overview

Mission

The parachute industry association is an international organization of companies and individuals who are leaders in the promotion of safety, quality, and accountability in the skydiving industry, both sport and military.

To improve the safety and technical issues of this segment of aviation through the use of brochures, posters, internet, and educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$317,626$318,202▲ $576
Investments in Publicly Traded Securities$272,828$282,190▲ $9,362
Cash and Non-Interest-Bearing Accounts$32,158$130,428▲ $98,270
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$622,612$749,975▲ $127,363
Other Assets Total$0$19,155▲ $19,155
Liabilities
Deferred Revenue$260$410▲ $150
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$260$410▲ $150
Net Assets / Fund Balance
Total Net Assets Fund Balance$622,352$749,565▲ $127,213
Total Liabilities and Net Assets / Fund Balance$622,612$749,975▲ $127,363
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Roberto MontanezPresident
Mark ProcosVice-president
George GallowayExecutive Advisor
Elizabeth JohnsonSecretary
Dori BachmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,282
Program Service Revenue
$188,468
Investment Income
$9,938
Other Revenue
$0
Change in Net Assets
$127,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,475
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$39,349
Other Expenses---$28,985
Fees for Services Management---$14,642
Office Expenses---$12,373
Fees for Services Legal---$12,267
Grants to Domestic Orgs---$10,000
Insurance---$2,252
Total Functional Expenses$0$0$0$126,475
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The National Skydiving MuseumFredericksburg, VA501c(3)Hall of Fame Dinner$10,000
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Parachute Industry Association
EIN
31-1052827
In Care Of
% ROBERTO MONTANEZ
Phone
4809826125
Address
10661 E Cordova St, Suite, Gold Canyon, AZ 85118

Signing Officer

Name
Roberto Montanez
Title
President
Phone
4809826125
Signed
2015-03-24
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

Firm
Jeffrey W Krol & Associates Ltd
Address
8700 W Bryn Mawr Suite 810 North, Chicago, IL 60631-3568
Preparer
Roland M Breslin
Phone
4809826125
Supplemental Narrative

Additional Explanations

Form

“Parachute industry association makes it's 990 available to the public upon request.”

Raw XML Appendix340 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.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SPORT PROMOTION/RIGGING/MEMBERSHIP/TECHNICAL/PARACHUTE CERTIFICATION STANDARDS/SPECS - PROGRAMS TO INCREASE MEMBERSHIP AND FURTHER THE SPORT USING POSTERS, BROCHURES, PHOTOGRAPHS, ETC. EDUCATIONAL PROGRAMS IN RIGGING AND TECHNICAL ISSUES, CHANGING GOVERNMENT MIL SPECS TO COMMERCIAL INDUSTRY STANDARDS.
IRS990/ProgSrvcAccomActy3Grp/Desc0CONDUCT AN INTERNATIONAL PARACHUTE SPYMPOSIUM ENCOMPASSING A PARACHUTE TECHNICIANS CONFERENCE TO PASS ON NEW INFORMATION AN REVIEW ALL ASPECTS OF PARACHUTE EQUIPMENT.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE NATIONAL SKYDIVING MUSEUM
IRS990ScheduleI/RecipientTable/RecipientEIN0237181972
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PARACHUTE INDUSTRY ASSOCIATION MAKES IT'S 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0749565
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IRS990/TotalProgramServiceRevenueAmt0188468
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IRS990/TotalRevenueGrp/ExclusionAmt09938
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0188468
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253688
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0749975
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0www.pia.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERTO MONTANEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04809826125
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Parachute Industry Association
ReturnHeader/Filer/BusinessNameControlTxt0PARA
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ReturnHeader/Filer/InCareOfNm0% ROBERTO MONTANEZ
ReturnHeader/Filer/PhoneNum04809826125
ReturnHeader/Filer/USAddress/AddressLine1Txt010661 E Cordova St
ReturnHeader/Filer/USAddress/AddressLine2Txt0Suite
ReturnHeader/Filer/USAddress/CityNm0Gold Canyon
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085118
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jeffrey W Krol & Associates Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08700 W Bryn Mawr Suite 810 North
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606313568
ReturnHeader/PreparerPersonGrp/PhoneNum04809826125
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roland M Breslin
ReturnHeader/ReturnTs02015-03-26T12:57:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$749,975
Liabilities
$410
Net assets
$749,565
Revenue
$253,688
Expenses
$126,475
Net income
$127,213
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.63$0.54$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.86$0.02$0.85$0.13$0.15$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.33$0.31$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.85$0.28$0.12$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.16$0.13$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.12$0.20$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.49$0.36$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.21$0.32$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.33$0.23$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.24$0.28$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.25$0.13$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.24$1.02$0.78