Civic Intelligence

Und Aerospace Foundation

990 • Fiscal year 2018 • EIN 45-0390485

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 12, 2019

Organization Profilewww.undaerospace.com

View Organization Page

4275 University AvenueGrand Forks, ND 58202-9023

(701) 777-4740

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.14x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.31x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Net Margin

46th percentile

3.5%

Higher net margin than 46% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$415,191

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • NTEE B • $50M-$100M nonprofits • Source year 2018

Asset Growth

47th percentile

1.6%

Faster asset growth than 47% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-9.1%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$73,107,076

Up $1,158,754 (+1.6%) from 2017

Net Assets

Up

$62,569,676

Up $1,326,530 (+2.2%) from 2017

Liabilities

Down

$10,537,400

Down $167,776 (-1.6%) from 2017

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin46th percentile

Revenue

Down

$33,641,053

Down $3,387,916 (-9.1%) from 2017

Expenses

Down

$32,462,069

Down $1,550,835 (-4.6%) from 2017

Net Income

Down

$1,178,984

Down $1,837,081 (-61%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$150M$100M$50M$0Assets 2010: $30,081,118Liabilities 2010: $17,101,914Net Assets 2010: $12,979,2042010Assets 2011: $37,051,472Liabilities 2011: $14,802,624Net Assets 2011: $22,248,8482011Assets 2012: $43,641,099Liabilities 2012: $15,785,107Net Assets 2012: $27,855,9922012Assets 2013: $46,629,169Liabilities 2013: $13,051,513Net Assets 2013: $33,577,6562013Assets 2014: $47,108,103Liabilities 2014: $9,936,382Net Assets 2014: $37,171,7212014Assets 2015: $65,533,060Liabilities 2015: $12,132,657Net Assets 2015: $53,400,4032015Assets 2016: $71,153,039Liabilities 2016: $12,906,893Net Assets 2016: $58,246,1462016Assets 2017: $71,948,322Liabilities 2017: $10,705,176Net Assets 2017: $61,243,1462017Assets 2018: $73,107,076Liabilities 2018: $10,537,400Net Assets 2018: $62,569,6762018Assets 2019: $83,102,482Liabilities 2019: $10,444,491Net Assets 2019: $72,657,9912019Assets 2020: $87,259,673Liabilities 2020: $13,291,926Net Assets 2020: $73,967,7472020Assets 2021: $89,562,086Liabilities 2021: $11,304,656Net Assets 2021: $78,257,4302021Assets 2022: $96,162,073Liabilities 2022: $14,168,096Net Assets 2022: $81,993,9772022Assets 2023: $96,231,901Liabilities 2023: $13,410,553Net Assets 2023: $82,821,3482023Assets 2024: $109,612,902Liabilities 2024: $15,129,692Net Assets 2024: $94,483,2102024

Highlighted filing

2018

Assets$73,107,076
Liabilities$10,537,400
Net Assets$62,569,676
Open 2018 Filing

Operations Trend

Revenue Growth20th percentile

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

$60M$40M$20M$0Expenses 2010: $25,459,0692010Expenses 2011: $31,518,3262011Expenses 2012: $31,036,8802012Expenses 2013: $32,556,1852013Revenue 2014: $36,225,982Expenses 2014: $32,520,002Net Income 2014: $3,705,9802014Revenue 2015: $45,815,498Expenses 2015: $29,448,188Net Income 2015: $16,367,3102015Revenue 2016: $34,245,017Expenses 2016: $29,316,954Net Income 2016: $4,928,0632016Revenue 2017: $37,028,969Expenses 2017: $34,012,904Net Income 2017: $3,016,0652017Revenue 2018: $33,641,053Expenses 2018: $32,462,069Net Income 2018: $1,178,9842018Revenue 2019: $42,597,507Expenses 2019: $32,535,792Net Income 2019: $10,061,7152019Revenue 2020: $35,764,126Expenses 2020: $34,691,048Net Income 2020: $1,073,0782020Revenue 2021: $34,502,257Expenses 2021: $30,270,235Net Income 2021: $4,232,0222021Revenue 2022: $31,533,756Expenses 2022: $27,850,809Net Income 2022: $3,682,9472022Revenue 2023: $22,926,416Expenses 2023: $22,019,274Net Income 2023: $907,1422023Revenue 2024: $37,291,388Expenses 2024: $25,607,905Net Income 2024: $11,683,4832024

Highlighted filing

2018

Revenue$33,641,053
Expenses$32,462,069
Net Income$1,178,984
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 12, 2019
Return Version
2017v2.3
Gross Receipts
$35,710,861
Mission and Program Overview

Mission

To support the functions of, and to assist in carrying out the purposes of, the John D. Odegard School of Aerospace Sciences of the University of North Dakota.

Education in the field of aerospace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$54,491,514$54,295,808▼ $195,706
Savings and Temporary Cash Investments$11,471,034$10,843,480▼ $627,554
Accounts Receivable$5,095,013$7,060,184▲ $1,965,171
Prepaid Expenses and Deferred Charges$280,871$364,170▲ $83,299
Inventories for Sale or Use$323,361$299,545▼ $23,816
Total Assets$71,948,322$73,107,076▲ $1,158,754
Other Assets Total$286,529$243,889▼ $42,640
Liabilities
Other Liabilities$3,791,874$4,068,279▲ $276,405
Deferred Revenue$3,587,026$3,486,560▼ $100,466
Mortgage Notes Payable Secured by Investment Property$2,275,984$1,711,386▼ $564,598
Accounts Payable and Accrued Expenses$1,050,292$1,112,775▲ $62,483
Grants Payable-$158,400-
Total Liabilities$10,705,176$10,537,400▼ $167,776
Net Assets / Fund Balance
Unrestricted Net Assets$61,143,146$62,194,676▲ $1,051,530
Temporarily Rstr Net Assets$100,000$375,000▲ $275,000
Total Net Assets Fund Balance$61,243,146$62,569,676▲ $1,326,530
Total Liabilities and Net Assets / Fund Balance$71,948,322$73,107,076▲ $1,158,754

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,595,293$14,647,828$37,243,121
Buildings$27,554,928$3,746,099$31,301,027
Land$4,145,587-$4,145,587
Leasehold Improvements$0$106,800$106,800
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles PineoChief Executive OfficerFT$239,292$177,075$416,367
Dana SandeVice President of BusinessFT$177,626$118,779$296,405
Cara MillerChief Financial OfficerFT$139,259$34,712$173,971
Paul LindsethPresidentPT$30,000$296,837$30,000
Larry MartinChairPT$24,000-$24,000
David WilliamsonDirector-$14,400-$14,400

Board Members and Trustees

NameTitle
Charles AhearnDirector
Charles KluenkerDirector
Clay LacyDirector
Gary MaasDirector
James BunkeDirector
John OdegardDirector
Karen NybergDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Top Flight Aviation Service CompanyProfessional Services1422 East Powell Street, Springfield, MO 65804$489,866
William Landing LPStudent Apartment Rental7837 Convoy Court Suite 100, San Diego, CA 92111$130,848
Revenue and Support

Revenue Composition

Contributions and Grants
$365,890
Program Service Revenue
$31,731,654
Investment Income
$584,747
Other Revenue
$958,762
All Other Contributions
$365,890
Change in Net Assets
$1,178,984

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,068,367
Revenue Not Reported on Financial Statements
$-427,314
Revenue Not Reported on Form 990
$-144,633
Other Revenue Adjustments
$-427,314
Total Revenue per Audited Statements
$33,923,734
Total Revenue per Form 990
$33,641,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,175,235
Salaries, Compensation, and Employee Benefits$8,466,193
Grants and Similar Amounts Paid$820,641
Total Fundraising Expense$72,010
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,848,771$305,454-$6,154,225
Depreciation Depletion$2,935,842$867,290-$3,803,132
All Other Expenses$1,601,297$226,096-$1,827,393
Other Expenses$1,272,802$318,322$2,411$1,593,535
Other Employee Benefits$892,323$5,246-$897,569
Grants to Domestic Orgs$807,391--$807,391
Current Officers, Directors, Trustees, and Key Employees-$634,081-$634,081
Fees for Services Other$625,373--$625,373
Payroll Taxes$356,883$49,626-$406,509
Occupancy$387,256$19,009-$406,265
Pension Plan Contributions$341,056$32,753-$373,809
Travel$145,667$126,696$68,607$340,970
Office Expenses$195,949$43,671-$239,620
Conferences and Meetings$95,940$75,194$992$172,126
Insurance$94,508$64,843-$159,351
Interest$78,288$66,345-$144,633
Fees for Services Accounting-$64,945-$64,945
Grants to Domestic Individuals$13,250--$13,250
Fees for Services Legal$2,345$606-$2,951
Advertising$1,441--$1,441
Total Functional Expenses$29,334,744$3,055,315$72,010$32,462,069

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$32,597,204
Total Expenses per Form 990$32,462,069
Expenses per Audited Statements$32,317,436
Expenses Not Reported on Form 990$279,768
Expenses Not Reported on Financial Statements$144,633
Other Expense Adjustments$144,633
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of North Dakota FoundationGrand Forks, ND501(c)(3)Scholarship endowment.$575,000
University of North Dakota FoundationGrand Forks, ND501(c)(3)Record promises to give scholarships.$158,400
University of North DakotaGrand Forks, NDState of NDProgram support.$52,230
University of North Dakota FoundationGrand Forks, ND501(c)(3)Matching funds.$11,761
Museum of FlightSeattle, WA501(c)(3)Education$10,000

International Summary

Offices
0
Employees
1
Spending
$18,447

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and The PacificProgram ServicesAviation flight training and visit with client regarding flight training programs.01$18,447
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
Related Party Payables$2,667,275
Capital Lease Obligation$1,378,788
Interest Payable$22,216
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The organization does not have any committees with the authority to act on behalf of the board.”

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

“The return is reviewed by the organization's Chief Executive Officer and Chief Financial Officer. The return is then made available to voting members of the Board of Directors prior to filing.”

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

“The policy covers any person serving as a member of the Board of Directors, member of a committee, officer of the Foundation, their family members, or an entity in which any of them have a material interest. The policy provides for review of potential conflicts and determination of actual conflict by the Chair and the President, except to the extent additional disclosure is necessary. The conflicted member will not be counted in a quorum, does not vote and/or may be absent from the meeting or discussion during a vote on the conflicted matter.”

Form 990, Part VI, Section B, line 15

“The organization's compensation committee (two board members) is charged with making an informal assessment of market and industry averages by researching comparable positions in comparable industries for the Chief Executive Officer and other officers. This process is reviewed on an annual basis. The Chief Financial Officer's compensation is reviewed on an annual basis by the Chief Executive Officer.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
UND Aerospace Foundation
EIN
45-0390485
Phone
7017774740
Address
4275 University Avenue, Grand Forks, ND 58202-9023

Signing Officer

Name
Charles Pineo
Title
Chief Executive Officer
Phone
7017774740
Signed
2019-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Pineo
Formed
1985
Legal Domicile
Nd
Voting Board Members
9
Independent Board Members
8
Employees
171
Volunteers
4

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Partnership net income recorded for tax purposes. 147,546.”

Form 990, Part IV, Line 12A:

“UND Aerospace Foundation is a component unit of the North Dakota University System and included in their audited financial statements.”

Financial Statement Notes

Part X, Line 2:

“The Internal Revenue Service has determined that the Foundation is exempt from federal income taxes under Section 50l(c)(3) of the Internal Revenue Code. The organization is not recognized as a private foundation under Section 509(a)(3) of the Internal Revenue Code. The Foundation is engaged in certain activities that result in unrelated business income. The Foundation files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. The Foundation evaluates its uncertain tax positions on an annual basis, and there have been no uncertain tax positions recorded in fiscal 2018 and 2017.”

Part XI, Line 2D - Other Adjustments:

“Interest Expense Recorded as Nonoperating Revenue on Financial Statements. -144,633.”

Part XI, Line 4B - Other Adjustments:

“Cost of Goods Sold netted with revenue for tax purposes. -131,171. Share of partnership net income not reported for book. -147,546. Rental expenses netted with revenue for tax purposes. -86,173. Loss on sale of assets netted with revenue for tax purposes. -62,424.”

Part XII, Line 2D - Other Adjustments:

“Cost of Goods Sold netted with revenue for tax purposes. 131,171. Rental expenses netted with revenue for tax purposes. 86,173. Loss on sale of assets netted with revenue for tax purposes. 62,424.”

Part XII, Line 4B - Other Adjustments:

“Interest Expense Recorded as Nonoperating Revenue on Financial Statements. 144,633.”

Raw XML AppendixShowing 400 of 794 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/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt947665
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1047899
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1133991
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1239883
IRS990/Form990PartVIISectionAGrp/PersonNm0Larry Martin
IRS990/Form990PartVIISectionAGrp/PersonNm1David Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm2Gary Maas
IRS990/Form990PartVIISectionAGrp/PersonNm3Clay Lacy
IRS990/Form990PartVIISectionAGrp/PersonNm4Charles Ahearn
IRS990/Form990PartVIISectionAGrp/PersonNm5James Bunke
IRS990/Form990PartVIISectionAGrp/PersonNm6Charles Kluenker
IRS990/Form990PartVIISectionAGrp/PersonNm7Karen Nyberg
IRS990/Form990PartVIISectionAGrp/PersonNm8John Odegard
IRS990/Form990PartVIISectionAGrp/PersonNm9Paul Lindseth
IRS990/Form990PartVIISectionAGrp/PersonNm10Charles Pineo
IRS990/Form990PartVIISectionAGrp/PersonNm11Cara Miller
IRS990/Form990PartVIISectionAGrp/PersonNm12Dana Sande
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt024000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt114400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt930000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10367292
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11139259
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12255626
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9249172
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice President of Business
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0668232
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0820641
IRS990/GrantsPayableGrp/EOYAmt0158400
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt013250
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt013250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0807391
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0807391
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02520696
IRS990/GrossReceiptsAmt035710861
IRS990/GrossRentsGrp/PersonalAmt0619519
IRS990/GrossSalesOfInventoryAmt0190804
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt064843
IRS990/InsuranceGrp/ProgramServicesAmt094508
IRS990/InsuranceGrp/TotalAmt0159351
IRS990/InterestGrp/ManagementAndGeneralAmt066345
IRS990/InterestGrp/ProgramServicesAmt078288
IRS990/InterestGrp/TotalAmt0144633
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0323361
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0299545
IRS990/InvestmentIncomeGrp/ExclusionAmt064061
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-83485
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-147546
IRS990/InvestmentInJointVentureInd01
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018500727
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054491514
IRS990/LandBldgEquipBasisNetGrp/EOYAmt054295808
IRS990/LandBldgEquipCostOrOtherBssAmt072796535
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01852464
IRS990/LessRentalExpensesGrp/PersonalAmt086173
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To support the functions of, and to assist in carrying out the purposes of the John D. Odegard School of Aerospace Sciences of the University of North Dakota.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02275984
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01711386
IRS990/NetAssetsOrFundBalancesBOYAmt061243146
IRS990/NetAssetsOrFundBalancesEOYAmt062569676
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0668232
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0668232
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt059633
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt059633
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0344079
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0533346
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0189267
IRS990/NetUnrelatedBusTxblIncmAmt0181945
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019009
IRS990/OccupancyGrp/ProgramServicesAmt0387256
IRS990/OccupancyGrp/TotalAmt0406265
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt043671
IRS990/OfficeExpensesGrp/ProgramServicesAmt0195949
IRS990/OfficeExpensesGrp/TotalAmt0239620
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0286529
IRS990/OtherAssetsTotalGrp/EOYAmt0243889
IRS990/OtherChangesInNetAssetsAmt0147546
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05246
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0892323
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0897569
IRS990/OtherExpensesGrp/Desc0Tax on Unrelated Busine
IRS990/OtherExpensesGrp/Desc1Aircraft Expense
IRS990/OtherExpensesGrp/Desc2Student Housing/Food
IRS990/OtherExpensesGrp/Desc3Fees and Services
IRS990/OtherExpensesGrp/FundraisingAmt02411
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0144102
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111036
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2318322
IRS990/OtherExpensesGrp/ProgramServicesAmt010626219
IRS990/OtherExpensesGrp/ProgramServicesAmt13012143
IRS990/OtherExpensesGrp/ProgramServicesAmt21272802
IRS990/OtherExpensesGrp/TotalAmt0144102
IRS990/OtherExpensesGrp/TotalAmt110637255
IRS990/OtherExpensesGrp/TotalAmt23012143
IRS990/OtherExpensesGrp/TotalAmt31593535
IRS990/OtherLiabilitiesGrp/BOYAmt03791874
IRS990/OtherLiabilitiesGrp/EOYAmt04068279
IRS990/OtherRevenueMiscGrp/BusinessCd0452000
IRS990/OtherRevenueMiscGrp/Desc0Software, Video/Website, Rental
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0365783
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0365783
IRS990/OtherRevenueTotalAmt0365783
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0305454
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05848771
IRS990/OtherSalariesAndWagesGrp/TotalAmt06154225
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt049626
IRS990/PayrollTaxesGrp/ProgramServicesAmt0356883
IRS990/PayrollTaxesGrp/TotalAmt0406509
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt032753
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0341056
IRS990/PensionPlanContributionsGrp/TotalAmt0373809
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0280871
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0364170
IRS990/PrincipalOfficerNm0Charles Pineo
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611512
IRS990/ProgramServiceRevenueGrp/BusinessCd1611512
IRS990/ProgramServiceRevenueGrp/BusinessCd2611512
IRS990/ProgramServiceRevenueGrp/BusinessCd3611512
IRS990/ProgramServiceRevenueGrp/Desc0Flight Training Centers
IRS990/ProgramServiceRevenueGrp/Desc1Aircraft & Simulator Rental
IRS990/ProgramServiceRevenueGrp/Desc2Student Support
IRS990/ProgramServiceRevenueGrp/Desc3Other Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023658026
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14927081
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22107778
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3192049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023658026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15773801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22107778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3192049
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0846720
IRS990/ProgSrvcAccomActy2Grp/Desc0Flight training centers - flight training delivered to student pilots outside of the Grand Forks campus, primarily students enrolled in community college programs. Locations include Mesa, Arizona and Crookston, Minnesota with 35,969 flight hours during the year.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010391866
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012200211
IRS990/ProgSrvcAccomActy3Grp/Desc0Aircraft and simulator rental - rental receipts for aircraft and simulators for use at Grand Forks campus for flight training, primarily for use with the undergraduate students enrolled at the University of North Dakota. Assets include fixed wing and air traffic control simulators.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019418
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other programs include the operation of an altitude chamber used in pilot training, FAA testing center, software and curriculum development, and aerospace merchandise sales.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01093157
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0962635
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0120932
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0156831
IRS990/PYInvestmentIncomeAmt0447618
IRS990/PYOtherExpensesAmt024828947
IRS990/PYOtherRevenueAmt01785026
IRS990/PYProgramServiceRevenueAmt034675393
IRS990/PYRevenuesLessExpensesAmt03016065
IRS990/PYSalariesCompEmpBnftPaidAmt09027126
IRS990/PYTotalExpensesAmt034012904
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt037028969
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01178984
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt0533346
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018628441
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011471034
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010843480
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$73,107,076
Liabilities
$10,537,400
Net assets
$62,569,676
Revenue
$33,641,053
Expenses
$32,462,069
Net income
$1,178,984
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$110$15.1$94.5$37.3$25.6$11.7
2023Detailed filing. Detailed filing data is available for this year.$96.2$13.4$82.8$22.9$22.0$0.91
2022Detailed filing. Detailed filing data is available for this year.$96.2$14.2$82.0$31.5$27.9$3.68
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.6$11.3$78.3$34.5$30.3$4.23
2020Detailed filing. Detailed filing data is available for this year.$87.3$13.3$74.0$35.8$34.7$1.07
2019Detailed filing. Detailed filing data is available for this year.$83.1$10.4$72.7$42.6$32.5$10.1
2018Detailed filing. Detailed filing data is available for this year.$73.1$10.5$62.6$33.6$32.5$1.18
2017Detailed filing. Detailed filing data is available for this year.$71.9$10.7$61.2$37.0$34.0$3.02
2016Detailed filing. Detailed filing data is available for this year.$71.2$12.9$58.2$34.2$29.3$4.93
2015Detailed filing. Detailed filing data is available for this year.$65.5$12.1$53.4$45.8$29.4$16.4
2014Detailed filing. Detailed filing data is available for this year.$47.1$9.94$37.2$36.2$32.5$3.71
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.6$13.1$33.6$32.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$15.8$27.9$31.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.1$14.8$22.2$31.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$17.1$13.0$25.5