Civic Intelligence

Parachute Industry Association

990 • Fiscal year 2017 • EIN 31-1052827

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 21, 2018

Organization ProfileWWW.PIA.COM
10661 E Cordova StGold 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

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

2nd percentile

-54%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-36%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$693,188

Down $113,538 (-14%) from 2016

Net Assets

Down

$693,188

Down $113,538 (-14%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin2nd percentile

Revenue

Down

$209,159

Down $117,133 (-36%) from 2016

Expenses

Up

$322,697

Up $88,744 (+38%) from 2016

Net Income

Down

-$113,538

Down $205,877 (-223%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2017

Assets$693,188
Liabilities$0
Net Assets$693,188
Open 2017 Filing

Operations Trend

Revenue Growth3rd 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

2017

Revenue$209,159
Expenses$322,697
Net Income-$113,538
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 21, 2018
Return Version
2017v2.2
Gross Receipts
$209,159
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
Rtn Earn Endowment Incm Other Fnds$806,726$693,188▼ $113,538
Savings and Temporary Cash Investments$522,803$376,297▼ $146,506
Cash and Non-Interest-Bearing Accounts$239,643$241,873▲ $2,230
Investments Other Securities$44,280$75,018▲ $30,738
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$806,726$693,188▼ $113,538
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$806,726$693,188▼ $113,538
Total Liabilities and Net Assets / Fund Balance$806,726$693,188▼ $113,538

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$75,018--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Roberto MontanezPresident
Mark ProcosVice-president
George GallowayExecutive Advisor
Elizabeth JohnsonSecretary
Vinny SalatinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,950
Program Service Revenue
$147,273
Investment Income
$1,858
Other Revenue
$78
Change in Net Assets
$-113,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$23,718
Conferences and Meetings---$20,451
Fees for Services Accounting---$4,960
Advertising---$4,588
Other Expenses---$4,534
Office Expenses---$3,386
Insurance---$2,715
All Other Expenses---$2,435
Information Technology---$1,350
Fees for Services Other---$436
Fees for Services Legal---$10
Total Functional Expenses$0$0$0$322,697
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Pia has 44 sustaining members, 90 full members, and 67 affiliate members. Most are company members but some are individual. Sustaining and full members have 1 vote per membership on all issues brought before the general membership. Affiliate members do not have a vote.”

Form 990, Part VI, Section A, Line 7A

“Elections are held every two years at a general meeting for the five members of the executive board. Full and sustaining members are the voting body.”

Form 990, Part VI, Section A, Line 7B

“Decisions made by the board and the protocol for how the organization is run is according to the organization's written by-laws, which have been approved by the membership and any modifications must also be approved by the membership.”

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

“Once prepared, a draft copy of the form 990 and all supporting schedules is provided to the finance and audit committee for their review. This committee is comprised of the president, treasurer, administrator, and accountant. The committee will review the form 990 and make a recommendation to the full board. Unless there are any issues that arise from the review, the 990 is filed as prepared.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements are available upon request. Personnel documents are provided to employees via the adp website. Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Parachute Industry Association
EIN
31-1052827
Phone
4809826125
Address
10661 E CORDOVA ST, GOLD CANYON, AZ 85118

Signing Officer

Name
Roberto Montanez
Title
President
Phone
4809826125
Signed
2018-03-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Montanez
Formed
1977
Legal Domicile
Il
Voting Board Members
134
Independent Board Members
134
Employees
0
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
319 MCCLANAHAN STREET SW, ROANOKE, VA 24014
Preparer
C Scott Clarke
Phone
5403450936
Raw XML Appendix307 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
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROBERTO MONTANEZ
IRS990/BooksInCareOfDetail/PhoneNum08476749742
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010661 E CORDOVA ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0GOLD CANYON
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IRS990/Desc0DEVELOPING & MAINTAINING AN INFORMATIVE INTERNATIONAL WEBSITE FOR MEMBERS, RIGGERS, AERO CLUBS, FAA AND ANYONE INTERESTED IN THIS INDUSTRY
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE ADVISOR
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE PIA SUPPORTS MEMBERS SHARING INDUSTRY INFORMATION WITH BIANNUAL MEETINGS, INCLUDING BREAKOUT COMMITTEE SESSIONS AS WELL AS MEETINGS WITH THE ENTIRE MEMBERSHIP. THE MISSION OF MANY OF THE PIA COMMITTEES (TECHNICAL, RIGGING, ETHICS, RISK MANAGEMENT, ETC.) IS TO ENHANCE THE SAFETY OF EQUIPMENT AND JUMPERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0EVERY OTHER YEAR, PIA PRESENTS A 5-DAY SYMPOSIUM WITH AN EXHIBIT HALL AND SEMINARS ON VARIOUS TOPICS OF INTEREST TO SKYDIVERS, RIGGERS, MANUFACTURERS, ETC.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PIA HAS 44 SUSTAINING MEMBERS, 90 FULL MEMBERS, AND 67 AFFILIATE MEMBERS. MOST ARE COMPANY MEMBERS BUT SOME ARE INDIVIDUAL. SUSTAINING AND FULL MEMBERS HAVE 1 VOTE PER MEMBERSHIP ON ALL ISSUES BROUGHT BEFORE THE GENERAL MEMBERSHIP. AFFILIATE MEMBERS DO NOT HAVE A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTIONS ARE HELD EVERY TWO YEARS AT A GENERAL MEETING FOR THE FIVE MEMBERS OF THE EXECUTIVE BOARD. FULL AND SUSTAINING MEMBERS ARE THE VOTING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS MADE BY THE BOARD AND THE PROTOCOL FOR HOW THE ORGANIZATION IS RUN IS ACCORDING TO THE ORGANIZATION'S WRITTEN BY-LAWS, WHICH HAVE BEEN APPROVED BY THE MEMBERSHIP AND ANY MODIFICATIONS MUST ALSO BE APPROVED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ONCE PREPARED, A DRAFT COPY OF THE FORM 990 AND ALL SUPPORTING SCHEDULES IS PROVIDED TO THE FINANCE AND AUDIT COMMITTEE FOR THEIR REVIEW. THIS COMMITTEE IS COMPRISED OF THE PRESIDENT, TREASURER, ADMINISTRATOR, AND ACCOUNTANT. THE COMMITTEE WILL REVIEW THE FORM 990 AND MAKE A RECOMMENDATION TO THE FULL BOARD. UNLESS THERE ARE ANY ISSUES THAT ARISE FROM THE REVIEW, THE 990 IS FILED AS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PERSONNEL DOCUMENTS ARE PROVIDED TO EMPLOYEES VIA THE ADP WEBSITE. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0806726
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0693188
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GOLD CANYON
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085118
IRS990/VotingMembersGoverningBodyCnt0134
IRS990/VotingMembersIndependentCnt0134
IRS990/WebsiteAddressTxt0WWW.PIA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERTO MONTANEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04809826125
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARACHUTE INDUSTRY ASSOCIATION
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ReturnHeader/Filer/EIN0311052827
ReturnHeader/Filer/PhoneNum04809826125
ReturnHeader/Filer/USAddress/AddressLine1Txt010661 E CORDOVA ST
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0206.248.228.130
ReturnHeader/FilingSecurityInformation/IPDt02018-03-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm021:33:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540504608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN EDWARDS & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0319 MCCLANAHAN STREET SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROANOKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024014
ReturnHeader/PreparerPersonGrp/PhoneNum05403450936
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C SCOTT CLARKE
ReturnHeader/ReturnTs02018-04-02T10:35:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$693,188
Liabilities
$0
Net assets
$693,188
Revenue
$209,159
Expenses
$322,697
Net income
-$113,538
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