Civic Intelligence

Und Aerospace Foundation

990 • Fiscal year 2024 • EIN 45-0390485

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 01, 2025

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.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.41x

Higher debt load relative to revenue than 39% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Net Margin

90th percentile

31%

Higher net margin than 90% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$426,984

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2024 filings • NTEE B • $100M-$250M nonprofits • Source year 2024

Asset Growth

85th percentile

14%

Faster asset growth than 85% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

63%

Faster revenue growth than 92% of similar nonprofits.

2024 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$109,612,902

Up $13,381,001 (+14%) from 2023

Net Assets

Up

$94,483,210

Up $11,661,862 (+14%) from 2023

Liabilities

Up

$15,129,692

Up $1,719,139 (+13%) from 2023

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin90th percentile

Revenue

Up

$37,291,388

Up $14,364,972 (+63%) from 2023

Expenses

Up

$25,607,905

Up $3,588,631 (+16%) from 2023

Net Income

Up

$11,683,483

Up $10,776,341 (+1188%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2024

Assets$109,612,902
Liabilities$15,129,692
Net Assets$94,483,210
Open 2024 Filing

Operations Trend

Revenue Growth92nd 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

2024

Revenue$37,291,388
Expenses$25,607,905
Net Income$11,683,483
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 1, 2025
Return Version
2023v6.0
Gross Receipts
$37,562,931
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$66,354,627$66,980,999▲ $626,372
Savings and Temporary Cash Investments$23,503,551$37,059,796▲ $13,556,245
Accounts Receivable$2,963,536$1,367,437▼ $1,596,099
Inventories for Sale or Use$937,711$925,548▼ $12,163
Pledges and Grants Receivable$710,000$568,000▼ $142,000
Prepaid Expenses and Deferred Charges$394,576$449,017▲ $54,441
Investments Other Securities$242,000$424,991▲ $182,991
Total Assets$96,231,901$109,612,902▲ $13,381,001
Other Assets Total$1,125,900$1,837,114▲ $711,214
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,709,320$5,264,429▼ $444,891
Deferred Revenue$2,286,972$5,117,018▲ $2,830,046
Other Liabilities$2,962,426$2,635,088▼ $327,338
Accounts Payable and Accrued Expenses$1,540,435$1,320,197▼ $220,238
Grants Payable$911,400$792,960▼ $118,440
Total Liabilities$13,410,553$15,129,692▲ $1,719,139
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$82,535,642$86,737,471▲ $4,201,829
Net Assets With Donor Restrictions$285,706$7,745,739▲ $7,460,033
Total Net Assets Fund Balance$82,821,348$94,483,210▲ $11,661,862
Total Liabilities and Net Assets / Fund Balance$96,231,901$109,612,902▲ $13,381,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,964,978$11,112,414$50,077,392
Equipment$23,669,861$22,055,077$45,724,938
Land$4,346,160-$4,346,160
Leasehold Improvements$0$106,800$106,800
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles PineoChief Executive OfficerFT$317,268$110,555$427,823
Dana SandeVice President of BusinessFT$239,944$88,516$328,460
Cara MillerChief Financial OfficerFT$192,809$69,590$262,399
Rex GinderAssociatedDirector of Phoenix Flight Operation-$128,323$43,699$172,022
Rex GinderAssociatedDirector of Phoenix Flight OperationsFT$128,323$43,041$171,364
Chad MartinAircraft Sales & Project ManagerFT$126,176$39,297$165,473
Larry MartinChairPT$30,000-$30,000
David WilliamsonDirector-$18,000-$18,000
James BunkeDirector-$18,000-$18,000
John OdegardDirector-$18,000-$18,000
Karen NybergDirector-$18,000-$18,000
Charles KluenkerDirector-$10,500-$10,500

Board Members and Trustees

NameTitle
Robert KrausPresident
Charles AhearnDirector
Clay LacyDirector
Dick McConnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,125,616
Program Service Revenue
$26,635,721
Investment Income
$1,215,309
Other Revenue
$1,314,742
All Other Contributions
$8,125,616
Change in Net Assets
$11,683,483

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$248,850Fair Market Value (FMV)
Total Noncash Contributions1$248,850-

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,541,310
Revenue Not Reported on Financial Statements
$-249,922
Revenue Not Reported on Form 990
$-261,310
Other Revenue Adjustments
$-249,922
Total Revenue per Audited Statements
$37,280,000
Total Revenue per Form 990
$37,291,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,726,339
Salaries, Compensation, and Employee Benefits$7,563,360
Grants and Similar Amounts Paid$318,206
Total Fundraising Expense$93,514
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,909,214$271,180-$5,180,394
Depreciation Depletion$3,723,558$743,883-$4,467,441
Fees for Services Other$2,505,892$12,869$122$2,518,883
Other Employee Benefits$861,711$30,257-$891,968
Current Officers, Directors, Trustees, and Key Employees-$811,498-$811,498
All Other Expenses$584,013$8,286$2,446$594,745
Other Expenses$592,825$61,600-$592,825
Occupancy$450,752$24,986-$475,738
Payroll Taxes$348,448$49,682-$398,130
Pension Plan Contributions$264,064$17,306-$281,370
Interest$212,656$48,654-$261,310
Travel$91,816$77,532$86,346$255,694
Office Expenses$194,260$35,984-$230,244
Grants to Domestic Individuals$216,718--$216,718
Insurance$80,350$96,792-$177,142
Advertising$119,541--$119,541
Conferences and Meetings$52,654$56,353$4,600$113,607
Grants to Domestic Orgs$101,488--$101,488
Fees for Services Accounting-$46,259-$46,259
Fees for Services Legal$28,163--$28,163
Total Functional Expenses$23,121,270$2,393,121$93,514$25,607,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,618,138
Total Expenses per Form 990$25,607,905
Expenses per Audited Statements$25,346,595
Expenses Not Reported on Form 990$271,543
Expenses Not Reported on Financial Statements$261,310
Other Expense Adjustments$261,310
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of North DakotaGrand Forks, NDState of NDProgram support.$91,488
Museum of FlightSeattle, WA501(c)(3)Education$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligations$1,437,416
Related Party Payables$1,170,606
Interest Payable$27,066
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
2025-04-01
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
210
Volunteers
2

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. -21,621.”

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 2024 and 2023.”

Part XI, Line 2D - Other Adjustments:

“Interest Expense Recorded as Nonoperating Revenue on Financial Statements. -261,310.”

Part XI, Line 4B - Other Adjustments:

“Cost of Goods Sold netted with revenue for tax purposes. -194,275. Share of partnership net income not reported for book. 21,621. Rental expenses netted with revenue for tax purposes. -77,268.”

Part XII, Line 2D - Other Adjustments:

“Cost of Goods Sold netted with revenue for tax purposes. 194,275. Rental expenses netted with revenue for tax purposes. 77,268.”

Part XII, Line 4B - Other Adjustments:

“Interest Expense Recorded as Nonoperating Revenue on Financial Statements. 261,310.”

Raw XML AppendixShowing 400 of 811 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/PersonNm0Charles Pineo
IRS990/Form990PartVIISectionAGrp/PersonNm1Dana Sande
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert Kraus
IRS990/Form990PartVIISectionAGrp/PersonNm3Cara Miller
IRS990/Form990PartVIISectionAGrp/PersonNm4Rex GinderAssociated
IRS990/Form990PartVIISectionAGrp/PersonNm5Chad Martin
IRS990/Form990PartVIISectionAGrp/PersonNm6Larry Martin
IRS990/Form990PartVIISectionAGrp/PersonNm7David Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm8James Bunke
IRS990/Form990PartVIISectionAGrp/PersonNm9Karen Nyberg
IRS990/Form990PartVIISectionAGrp/PersonNm10John Odegard
IRS990/Form990PartVIISectionAGrp/PersonNm11Dick McConn
IRS990/Form990PartVIISectionAGrp/PersonNm12Charles Kluenker
IRS990/Form990PartVIISectionAGrp/PersonNm13Clay Lacy
IRS990/Form990PartVIISectionAGrp/PersonNm14Charles Ahearn
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0359268
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1269944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3210809
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4128323
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5126176
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt630000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt718000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt818000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt918000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1018000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1210500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2275334
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/TitleTxt0Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President of Business
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director of Phoenix Flight Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt5Aircraft Sales & Project Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0318206
IRS990/GrantsPayableGrp/BOYAmt0911400
IRS990/GrantsPayableGrp/EOYAmt0792960
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0216718
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0216718
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0101488
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0101488
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt037562931
IRS990/GrossRentsGrp/PersonalAmt01034111
IRS990/GrossSalesOfInventoryAmt0306864
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt096792
IRS990/InsuranceGrp/ProgramServicesAmt080350
IRS990/InsuranceGrp/TotalAmt0177142
IRS990/InterestGrp/ManagementAndGeneralAmt048654
IRS990/InterestGrp/ProgramServicesAmt0212656
IRS990/InterestGrp/TotalAmt0261310
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0937711
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0925548
IRS990/InvestmentIncomeGrp/ExclusionAmt01193688
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01215309
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt021621
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0242000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0424991
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033274291
IRS990/LandBldgEquipBasisNetGrp/BOYAmt066354627
IRS990/LandBldgEquipBasisNetGrp/EOYAmt066980999
IRS990/LandBldgEquipCostOrOtherBssAmt0100255290
IRS990/LegalDomicileStateCd0ND
IRS990/LessRentalExpensesGrp/PersonalAmt077268
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/BOYAmt05709320
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05264429
IRS990/NetAssetsOrFundBalancesBOYAmt082821348
IRS990/NetAssetsOrFundBalancesEOYAmt094483210
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0112589
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0112589
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0751310
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0956843
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0205533
IRS990/NetUnrelatedBusTxblIncmAmt0272019
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt082535642
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt086737471
IRS990/NoncashContributionsAmt0248850
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt024986
IRS990/OccupancyGrp/ProgramServicesAmt0450752
IRS990/OccupancyGrp/TotalAmt0475738
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035984
IRS990/OfficeExpensesGrp/ProgramServicesAmt0194260
IRS990/OfficeExpensesGrp/TotalAmt0230244
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01125900
IRS990/OtherAssetsTotalGrp/EOYAmt01837114
IRS990/OtherChangesInNetAssetsAmt0-21621
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030257
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0861711
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0891968
IRS990/OtherExpensesGrp/Desc0Tax on Unrelated Busine
IRS990/OtherExpensesGrp/Desc1Aircraft Expense
IRS990/OtherExpensesGrp/Desc2Student Housing/Food
IRS990/OtherExpensesGrp/Desc3Tuition and Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt061600
IRS990/OtherExpensesGrp/ProgramServicesAmt06883864
IRS990/OtherExpensesGrp/ProgramServicesAmt1899283
IRS990/OtherExpensesGrp/ProgramServicesAmt2592825
IRS990/OtherExpensesGrp/TotalAmt061600
IRS990/OtherExpensesGrp/TotalAmt16883864
IRS990/OtherExpensesGrp/TotalAmt2899283
IRS990/OtherExpensesGrp/TotalAmt3592825
IRS990/OtherLiabilitiesGrp/BOYAmt02962426
IRS990/OtherLiabilitiesGrp/EOYAmt02635088
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0Software/Website & Video Dev
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0245310
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0245310
IRS990/OtherRevenueTotalAmt0245310
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0271180
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04909214
IRS990/OtherSalariesAndWagesGrp/TotalAmt05180394
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt049682
IRS990/PayrollTaxesGrp/ProgramServicesAmt0348448
IRS990/PayrollTaxesGrp/TotalAmt0398130
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017306
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0264064
IRS990/PensionPlanContributionsGrp/TotalAmt0281370
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0710000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0568000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0394576
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0449017
IRS990/PrincipalOfficerNm0Charles Pineo
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611512
IRS990/ProgramServiceRevenueGrp/BusinessCd1611512
IRS990/ProgramServiceRevenueGrp/BusinessCd2611512
IRS990/ProgramServiceRevenueGrp/Desc0Flight Training Centers
IRS990/ProgramServiceRevenueGrp/Desc1Aircraft & Simulator Rental
IRS990/ProgramServiceRevenueGrp/Desc2Other Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016117580
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18993642
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2136121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016119337
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110173639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2342745
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01757
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt11179997
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2206624
IRS990/ProgSrvcAccomActy2Grp/Desc0Flight training center - 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 49,960 flight hours during the year.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013694129
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015461331
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/ExpenseAmt03600
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt042000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other programs include FAA testing center, software development, and aerospace merchandise sales.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02292876
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01839221
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0437806
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0235203
IRS990/PYInvestmentIncomeAmt01255447
IRS990/PYOtherExpensesAmt015156104
IRS990/PYOtherRevenueAmt0946322
IRS990/PYProgramServiceRevenueAmt020286841
IRS990/PYRevenuesLessExpensesAmt0907142
IRS990/PYSalariesCompEmpBnftPaidAmt06627967
IRS990/PYTotalExpensesAmt022019274
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022926416
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt011683483
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/PersonalAmt0956843
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08017380
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023503551
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037059796

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,612,902
Liabilities
$15,129,692
Net assets
$94,483,210
Revenue
$37,291,388
Expenses
$25,607,905
Net income
$11,683,483
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