Civic Intelligence

Und Aerospace Foundation

990 • Fiscal year 2023 • EIN 45-0390485

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 19, 2024

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

30th percentile

0.14x

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

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.58x

Higher debt load relative to revenue than 46% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Net Margin

60th percentile

4.0%

Higher net margin than 60% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$416,776

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Asset Growth

28th percentile

0.1%

Faster asset growth than 28% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$96,231,901

Up $69,828 (+0.1%) from 2022

Net Assets

Up

$82,821,348

Up $827,371 (+1.0%) from 2022

Liabilities

Down

$13,410,553

Down $757,543 (-5.3%) from 2022

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin60th percentile

Revenue

Down

$22,926,416

Down $8,607,340 (-27%) from 2022

Expenses

Down

$22,019,274

Down $5,831,535 (-21%) from 2022

Net Income

Down

$907,142

Down $2,775,805 (-75%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2023

Assets$96,231,901
Liabilities$13,410,553
Net Assets$82,821,348
Open 2023 Filing

Operations Trend

Revenue Growth10th 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

2023

Revenue$22,926,416
Expenses$22,019,274
Net Income$907,142
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 19, 2024
Return Version
2022v5.0
Gross Receipts
$23,942,818
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$65,355,540$66,354,627▲ $999,087
Savings and Temporary Cash Investments$24,325,724$23,503,551▼ $822,173
Accounts Receivable$2,849,553$2,963,536▲ $113,983
Inventories for Sale or Use$849,811$937,711▲ $87,900
Pledges and Grants Receivable$852,000$710,000▼ $142,000
Prepaid Expenses and Deferred Charges$1,177,475$394,576▼ $782,899
Investments Other Securities$242,000$242,000→ $0
Total Assets$96,162,073$96,231,901▲ $69,828
Other Assets Total$509,970$1,125,900▲ $615,930
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,130,913$5,709,320▼ $421,593
Other Liabilities$3,157,563$2,962,426▼ $195,137
Deferred Revenue$1,637,638$2,286,972▲ $649,334
Accounts Payable and Accrued Expenses$2,230,382$1,540,435▼ $689,947
Grants Payable$1,011,600$911,400▼ $100,200
Total Liabilities$14,168,096$13,410,553▼ $757,543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,622,698$82,535,642▲ $1,912,944
Net Assets With Donor Restrictions$1,371,279$285,706▼ $1,085,573
Total Net Assets Fund Balance$81,993,977$82,821,348▲ $827,371
Total Liabilities and Net Assets / Fund Balance$96,162,073$96,231,901▲ $69,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,178,858$9,453,931$49,632,789
Equipment$21,829,609$20,219,464$42,049,073
Land$4,346,160-$4,346,160
Leasehold Improvements$0$106,800$106,800
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles PineoChief Executive OfficerFT$304,429$113,205$417,634
Dana SandeVice President of BusinessFT$230,306$87,970$318,276
Cara MillerChief Financial OfficerFT$185,588$48,372$233,960
Jason SmithTraining ManagerFT$116,923$48,192$165,115
Rex GinderAssociated Director of Flight OpsFT$119,353$41,397$160,750
Chad MartinAircraft Sales and Project MgrFT$122,015$37,927$159,942
Michael JansenProgram DirectorFT$127,231$20,142$147,373
Larry MartinChairPT$30,000-$30,000
Charles KluenkerDirector-$18,000-$18,000
David WilliamsonDirector-$18,000-$18,000
James BunkeDirector-$18,000-$18,000
John OdegardDirector-$18,000-$18,000
Karen NybergDirector-$18,000-$18,000

Board Members and Trustees

NameTitle
Robert KrausPresident
Charles AhearnDirector
Clay LacyDirector
Gary Maas through JuneDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$437,806
Program Service Revenue
$20,286,841
Investment Income
$1,255,447
Other Revenue
$946,322
All Other Contributions
$425,306
Change in Net Assets
$907,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,087,536
Revenue Not Reported on Financial Statements
$-161,120
Revenue Not Reported on Form 990
$-263,814
Other Revenue Adjustments
$-161,120
Total Revenue per Audited Statements
$22,823,722
Total Revenue per Form 990
$22,926,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,156,104
Salaries, Compensation, and Employee Benefits$6,627,967
Grants and Similar Amounts Paid$235,203
Total Fundraising Expense$122,313
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,333,982$198,478-$4,532,460
Depreciation Depletion$3,341,376$855,904-$4,197,280
Fees for Services Other$1,798,071$10,167$9,500$1,817,738
Current Officers, Directors, Trustees, and Key Employees-$783,007-$783,007
Other Employee Benefits$610,197$46,542-$656,739
Other Expenses$642,099$28,358-$642,099
Occupancy$370,389$20,970-$391,359
All Other Expenses$237,720$119,735$2,737$360,192
Payroll Taxes$304,542$45,236-$349,778
Pension Plan Contributions$290,667$15,316-$305,983
Interest$211,458$52,356-$263,814
Travel$49,274$73,222$83,080$205,576
Office Expenses$151,410$40,528$7,406$199,344
Insurance$58,652$82,104-$140,756
Grants to Domestic Orgs$124,586--$124,586
Grants to Domestic Individuals$110,617--$110,617
Conferences and Meetings$19,895$52,020$19,590$91,505
Advertising$89,162--$89,162
Fees for Services Accounting-$47,374-$47,374
Fees for Services Legal$19,871$336-$20,207
Total Functional Expenses$19,406,009$2,490,952$122,313$22,019,274

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,019,274
Total Expenses per Audited Statements$21,996,351
Expenses per Audited Statements$21,755,460
Expenses Not Reported on Financial Statements$263,814
Other Expense Adjustments$263,814
Expenses Not Reported on Form 990$240,891
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of North DakotaGrand Forks, NDState of NDProgram support.$124,586

International Summary

Offices
0
Employees
4
Spending
$437,000

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
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServicesPersonnel supporting development of flight training programs04$437,000
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligations$1,594,477
Related Party Payables$1,346,389
Interest Payable$21,560
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 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
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
CEO
Phone
7017774740
Signed
2024-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Pineo
Formed
1985
Legal Domicile
Nd
Voting Board Members
8
Independent Board Members
7
Employees
185
Volunteers
3

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. -79,771.”

Form 990, Part IV, Line 12B:

“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 Foundation is engaged in certain activities that result in unrelated business income. The Foundation files an Exempt Organization Business Income Tax Return (Form 990T) 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 2023 and 2022.”

Part XI, Line 2D - Other Adjustments:

“Interest Expense Recorded as Nonoperating Revenue on Financial Statements. -263,814.”

Part XI, Line 4B - Other Adjustments:

“Cost of Goods Sold netted with revenue for tax purposes. -159,989. Share of partnership net income not reported for book. 79,771. Rental expenses netted with revenue for tax purposes. -80,902.”

Part XII, Line 2D - Other Adjustments:

“Cost of Goods Sold netted with revenue for tax purposes. 159,989. Rental expenses netted with revenue for tax purposes. 80,902.”

Part XII, Line 4B - Other Adjustments:

“Interest Expense Recorded as Nonoperating Revenue on Financial Statements. 263,814.”

Raw XML AppendixShowing 400 of 841 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/PersonNm10James Bunke
IRS990/Form990PartVIISectionAGrp/PersonNm11Karen Nyberg
IRS990/Form990PartVIISectionAGrp/PersonNm12John Odegard
IRS990/Form990PartVIISectionAGrp/PersonNm13Charles Kluenker
IRS990/Form990PartVIISectionAGrp/PersonNm14Gary Maas through June
IRS990/Form990PartVIISectionAGrp/PersonNm15Clay Lacy
IRS990/Form990PartVIISectionAGrp/PersonNm16Charles Ahearn
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0352429
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1262306
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3185588
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4141372
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5119353
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6122015
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7127231
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt830000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt918000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1018000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1118000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1218000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1318000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2264803
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President of Business
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Training Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt5Associated Director of Flight Ops
IRS990/Form990PartVIISectionAGrp/TitleTxt6Aircraft Sales and Project Mgr
IRS990/Form990PartVIISectionAGrp/TitleTxt7Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0688614
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt012500
IRS990/GrantAmt0235203
IRS990/GrantsPayableGrp/BOYAmt01011600
IRS990/GrantsPayableGrp/EOYAmt0911400
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0110617
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0110617
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0124586
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0124586
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01464125
IRS990/GrossReceiptsAmt023942818
IRS990/GrossRentsGrp/PersonalAmt0777786
IRS990/GrossSalesOfInventoryAmt0258051
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt082104
IRS990/InsuranceGrp/ProgramServicesAmt058652
IRS990/InsuranceGrp/TotalAmt0140756
IRS990/InterestGrp/ManagementAndGeneralAmt052356
IRS990/InterestGrp/ProgramServicesAmt0211458
IRS990/InterestGrp/TotalAmt0263814
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0849811
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0937711
IRS990/InvestmentIncomeGrp/ExclusionAmt0487062
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0566833
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt079771
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0242000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0242000
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029780195
IRS990/LandBldgEquipBasisNetGrp/BOYAmt065355540
IRS990/LandBldgEquipBasisNetGrp/EOYAmt066354627
IRS990/LandBldgEquipCostOrOtherBssAmt096134822
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0775511
IRS990/LessRentalExpensesGrp/PersonalAmt080902
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/BOYAmt06130913
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05709320
IRS990/NetAssetsOrFundBalancesBOYAmt081993977
IRS990/NetAssetsOrFundBalancesEOYAmt082821348
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0688614
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0688614
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt098062
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt098062
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0495381
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0696884
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0201503
IRS990/NetUnrelatedBusTxblIncmAmt0280426
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt080622698
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt082535642
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt020970
IRS990/OccupancyGrp/ProgramServicesAmt0370389
IRS990/OccupancyGrp/TotalAmt0391359
IRS990/OfficeExpensesGrp/FundraisingAmt07406
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt040528
IRS990/OfficeExpensesGrp/ProgramServicesAmt0151410
IRS990/OfficeExpensesGrp/TotalAmt0199344
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0509970
IRS990/OtherAssetsTotalGrp/EOYAmt01125900
IRS990/OtherChangesInNetAssetsAmt0-79771
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt046542
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0610197
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0656739
IRS990/OtherExpensesGrp/Desc0Tax on Unrelated Busine
IRS990/OtherExpensesGrp/Desc1Aircraft Expense
IRS990/OtherExpensesGrp/Desc2Student Housing/Food
IRS990/OtherExpensesGrp/Desc3Tuition and Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019299
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128358
IRS990/OtherExpensesGrp/ProgramServicesAmt05790770
IRS990/OtherExpensesGrp/ProgramServicesAmt1851271
IRS990/OtherExpensesGrp/ProgramServicesAmt2642099
IRS990/OtherExpensesGrp/TotalAmt019299
IRS990/OtherExpensesGrp/TotalAmt15819128
IRS990/OtherExpensesGrp/TotalAmt2851271
IRS990/OtherExpensesGrp/TotalAmt3642099
IRS990/OtherLiabilitiesGrp/BOYAmt03157563
IRS990/OtherLiabilitiesGrp/EOYAmt02962426
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0Software/Website & Video Dev
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0151376
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0151376
IRS990/OtherRevenueTotalAmt0151376
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0198478
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04333982
IRS990/OtherSalariesAndWagesGrp/TotalAmt04532460
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt045236
IRS990/PayrollTaxesGrp/ProgramServicesAmt0304542
IRS990/PayrollTaxesGrp/TotalAmt0349778
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015316
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0290667
IRS990/PensionPlanContributionsGrp/TotalAmt0305983
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0852000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0710000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01177475
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0394576
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/Desc2Other Programs
IRS990/ProgramServiceRevenueGrp/Desc3Curriculum/Tuition Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012031949
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16729308
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2228816
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt391000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012031949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17764736
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2399156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt391000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01035428
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1170340
IRS990/ProgSrvcAccomActy2Grp/Desc0Flight training centers - flight training delivered to student pilots outside of the Grand Forks campus, primarily students enrolled in community college programs. Location is Mesa, Arizona and with 28,145 flight hours during the year. Currently developing an additional location in Saudi Arabia in conjunction with the Tayaran Flight Academy, providing training and consulting services.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09240934
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt09797742
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 aircraft and simulators.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015936
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt042000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other programs include FAA testing center, software development, and aerospace merchandise sales.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01619489
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt083919
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04631886
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01384295
IRS990/PYInvestmentIncomeAmt01955047
IRS990/PYOtherExpensesAmt018476616
IRS990/PYOtherRevenueAmt01350254
IRS990/PYProgramServiceRevenueAmt023596569
IRS990/PYRevenuesLessExpensesAmt03682947
IRS990/PYSalariesCompEmpBnftPaidAmt07989898
IRS990/PYTotalExpensesAmt027850809
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt031533756
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0907142
IRS990/RegularMonitoringEnfrcInd01

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$96,231,901
Liabilities
$13,410,553
Net assets
$82,821,348
Revenue
$22,926,416
Expenses
$22,019,274
Net income
$907,142
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