Civic Intelligence

Flying High Inc.

990 • Fiscal year 2018 • EIN 34-1749183

Jul 01, 2017 to Jun 30, 2018 • Filed on May 20, 2019

6 Federal Plaza CentralYoungstown, OH 44503

(330) 797-3995

Siviq Scores

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

Liabilities / Assets

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

32nd percentile

-2.8%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$45,743

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$576,009

Down $126,092 (-18%) from 2017

Net Assets

Down

$496,652

Down $36,056 (-6.8%) from 2017

Liabilities

Down

$79,357

Down $90,036 (-53%) from 2017

Revenue

Up

$1,304,204

Up $39,868 (+3.2%) from 2017

Expenses

Up

$1,340,260

Up $538,057 (+67%) from 2017

Net Income

Down

-$36,056

Down $498,189 (-108%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $57,467Liabilities 2015: $23,430Net Assets 2015: $34,0372015Assets 2017: $702,101Liabilities 2017: $169,393Net Assets 2017: $532,7082017Assets 2018: $576,009Liabilities 2018: $79,357Net Assets 2018: $496,6522018Assets 2019: $663,201Liabilities 2019: $78,011Net Assets 2019: $585,1902019Assets 2020: $749,807Liabilities 2020: $191,504Net Assets 2020: $558,3032020Assets 2021: $850,005Liabilities 2021: $237,301Net Assets 2021: $612,7042021Assets 2022: $1,516,828Liabilities 2022: $451,669Net Assets 2022: $1,065,1592022Assets 2023: $2,675,933Liabilities 2023: $1,241,644Net Assets 2023: $1,434,2892023Assets 2024: $3,265,969Liabilities 2024: $1,044,080Net Assets 2024: $2,221,8892024

Highlighted filing

2018

Assets$576,009
Liabilities$79,357
Net Assets$496,652

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $248,638Expenses 2015: $245,523Net Income 2015: $3,1152015Revenue 2017: $1,264,336Expenses 2017: $802,203Net Income 2017: $462,1332017Revenue 2018: $1,304,204Expenses 2018: $1,340,260Net Income 2018: -$36,0562018Revenue 2019: $1,380,354Expenses 2019: $1,291,816Net Income 2019: $88,5382019Revenue 2020: $1,268,588Expenses 2020: $1,295,475Net Income 2020: -$26,8872020Revenue 2021: $1,438,373Expenses 2021: $1,531,737Net Income 2021: -$93,3642021Revenue 2022: $2,416,084Expenses 2022: $2,058,308Net Income 2022: $357,7762022Revenue 2023: $2,834,838Expenses 2023: $2,465,706Net Income 2023: $369,1322023Revenue 2024: $3,752,564Expenses 2024: $2,964,964Net Income 2024: $787,6002024

Highlighted filing

2018

Revenue$1,304,204
Expenses$1,340,260
Net Income-$36,056
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 20, 2019
Return Version
2017v2.3
Gross Receipts
$1,304,204
Mission and Program Overview

Mission

To help all people develop their potential and discover their destiny

Addiction and recovery support services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$514,246$515,488▲ $1,242
Accounts Receivable$81,947$28,633▼ $53,314
Cash and Non-Interest-Bearing Accounts$102,383$17,135▼ $85,248
Total Assets$702,101$576,009▼ $126,092
Other Assets Total$3,525$14,753▲ $11,228
Liabilities
Accounts Payable and Accrued Expenses$82,360$52,758▼ $29,602
Deferred Revenue$81,501$26,538▼ $54,963
Mortgage Notes Payable Secured by Investment Property$4,802$0▼ $4,802
Other Liabilities$730$61▼ $669
Total Liabilities$169,393$79,357▼ $90,036
Net Assets / Fund Balance
Unrestricted Net Assets$532,708$496,652▼ $36,056
Total Net Assets Fund Balance$532,708$496,652▼ $36,056
Total Liabilities and Net Assets / Fund Balance$702,101$576,009▼ $126,092

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$347,242$41,479$388,721
Equipment$165,513$30,933$196,446
Land$2,733-$2,733
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey M MagadaExecutive DirectorFT$45,743$45,743

Board Members and Trustees

NameTitle
David Detec EsqPresident
Albert F Calfo IiBoard Member
Mary E WilliamsSecretary
James N DipilloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,083,956
Program Service Revenue
$204,483
Investment Income
$65
Other Revenue
$15,700
All Other Contributions
$44,981
Change in Net Assets
$-36,056

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,304,204
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$9,000
Total Revenue per Audited Statements
$1,313,204
Total Revenue per Form 990
$1,304,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$812,346
Salaries, Compensation, and Employee Benefits$526,294
Grants and Similar Amounts Paid$1,620
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$377,830$35,092-$412,922
Occupancy$87,702$14,397-$102,099
Insurance$32,121$41,245-$73,366
Depreciation Depletion$41,266$16,851-$58,117
Current Officers, Directors, Trustees, and Key Employees$41,241$4,502-$45,743
Payroll Taxes$40,029$3,328-$43,357
Other Employee Benefits$23,700$572-$24,272
Other Expenses$16,094$5,655-$21,749
All Other Expenses$15,705$5,163-$20,868
Advertising-$12,200-$12,200
Fees for Services Accounting-$9,628-$9,628
Office Expenses$2,187$4,953-$7,140
Travel$3,108$1,131-$4,239
Interest$1,662--$1,662
Grants to Domestic Orgs$1,620--$1,620
Total Functional Expenses$1,169,748$170,512$0$1,340,260

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,349,260
Expenses per Audited Statements$1,340,260
Total Expenses per Form 990$1,340,260
Expenses Not Reported on Form 990$9,000
Expenses Not Reported on Financial Statements$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family Member of Ex.dirEmployment/independent ContractorNo$33,520
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$61
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 family members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization provides a copy of the 990 to the governing body for final review and approval.

Form 990, Part VI, Section B, Line 15A

The compensation of the executive director is reviewed and approved by the governing body using comparability data and an evaluation of the financial position of the organization. Decisions are contemporaneously documented in the minutes.

Form 990, Part VI, Section C, Line 19

All information open to public inspection is available upon request at the office of the organization during normal business hours.

Filing and Contact Details

Filer

Filer Name
Flying High Inc
EIN
34-1749183
Phone
3307973995
Address
6 FEDERAL PLAZA CENTRAL, YOUNGSTOWN, OH 44503

Signing Officer

Name
Jeff Magada
Title
Executive Director
Phone
3307973995
Signed
2019-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Magada
Formed
1994
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
22
Volunteers
5

Preparer

Firm
Rea & Associates Inc
Address
941 STEUBENVILLE AVE PO BOX 820, CAMBRIDGE, OH 43725-0820
Preparer
Mary Elizabeth Wright
Phone
7404325658
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authority. Management has analyzed the tax positions taken by the organization and has concluded that as of june 30, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no such audits in progress.

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-36056
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01080
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01083956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01046076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070328
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt095142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0122855
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02418357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt047
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0112
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0204483
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt015700
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99350
IRS990ScheduleA/PublicSupportPY170Pct00.99960
IRS990ScheduleA/PublicSupportTotal170Amt02418357
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01083956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01046076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt070328
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt095142
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0122855
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02418357
IRS990ScheduleA/TotalSupportAmt02434169
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt09000
IRS990ScheduleD/DonatedServicesUseFcltsAmt09000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0165513
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030933
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196446
IRS990ScheduleD/ExpensesNotReportedAmt09000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01340260
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02733
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02733
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0347242
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt041479
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0388721
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt061
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt09000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01304204
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO SUCH AUDITS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0515488
IRS990ScheduleD/TotalExpensesPerForm990Amt01340260
IRS990ScheduleD/TotalLiabilityAmt061
IRS990ScheduleD/TotalRevenuePerForm990Amt01304204
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01313204
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01349260
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0DONNA MAGADA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER OF EX.DIR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt033520
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYMENT/INDEPENDENT CONTRACTOR
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0(A) NAME OF PERSON: DONNA MAGADA(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF EXECUTIVE DIRECTOR(C) DESCRIPTION OF TRANSACTION: EMPLOYMENT/INDEPENDENT CONTRACTOR ARRANGEMENT (APPROVED BY BOARD OF DIRECTORS.)
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE 990 TO THE GOVERNING BODY FOR FINAL REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE GOVERNING BODY USING COMPARABILITY DATA AND AN EVALUATION OF THE FINANCIAL POSITION OF THE ORGANIZATION. DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION OPEN TO PUBLIC INSPECTION IS AVAILABLE UPON REQUEST AT THE OFFICE OF THE ORGANIZATION DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0702101
IRS990/TotalAssetsEOYAmt0576009
IRS990/TotalAssetsGrp/BOYAmt0702101
IRS990/TotalAssetsGrp/EOYAmt0576009
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01083956
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0170512
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01169748
IRS990/TotalFunctionalExpensesGrp/TotalAmt01340260
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0169393
IRS990/TotalLiabilitiesEOYAmt079357
IRS990/TotalLiabilitiesGrp/BOYAmt0169393
IRS990/TotalLiabilitiesGrp/EOYAmt079357
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0532708
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0496652
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0130580
IRS990/TotalOtherProgSrvcGrantAmt01620
IRS990/TotalOtherProgSrvcRevenueAmt0220183
IRS990/TotalProgramServiceExpensesAmt01169748
IRS990/TotalProgramServiceRevenueAmt0204483
IRS990/TotalReportableCompFromOrgAmt045743
IRS990/TotalRevenueGrp/ExclusionAmt065
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220183
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01304204
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0702101
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0576009
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01131
IRS990/TravelGrp/ProgramServicesAmt03108
IRS990/TravelGrp/TotalAmt04239
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0532708
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0496652
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06 FEDERAL PLAZA CENTRAL
IRS990/USAddress/CityNm0YOUNGSTOWN
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044503
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF MAGADA

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