Civic Intelligence

Palmdale Aerospace Academy Inc.

990 • Fiscal year 2017 • EIN 45-3851539

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileWWW.TPAA.ORG
3300 East Palmdale BlvdPalmdale, CA 93550

(661) 273-3680

Siviq Scores

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

Liabilities / Assets

45th percentile

0.17x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

32nd percentile

0.11x

Higher debt load relative to revenue than 32% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

63rd percentile

7.3%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$174,554

Higher top officer pay than 51% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

91st percentile

35%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

75th percentile

19%

Faster revenue growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$9,243,772

Up $2,400,762 (+35%) from 2016

Net Assets

Up

$7,650,147

Up $1,053,123 (+16%) from 2016

Liabilities

Up

$1,593,625

Up $1,347,639 (+548%) from 2016

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin63rd percentile

Revenue

Up

$14,345,118

Up $2,290,517 (+19%) from 2016

Expenses

Up

$13,291,995

Up $4,340,612 (+48%) from 2016

Net Income

Down

$1,053,123

Down $2,050,095 (-66%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$150M$100M$50M$0Assets 2012: $236,014Liabilities 2012: $0Net Assets 2012: $236,0142012Assets 2013: $1,792,007Liabilities 2013: $978,282Net Assets 2013: $813,7252013Assets 2014: $2,529,389Liabilities 2014: $461,318Net Assets 2014: $2,068,0712014Assets 2015: $3,956,657Liabilities 2015: $462,851Net Assets 2015: $3,493,8062015Assets 2016: $6,843,010Liabilities 2016: $245,986Net Assets 2016: $6,597,0242016Assets 2017: $9,243,772Liabilities 2017: $1,593,625Net Assets 2017: $7,650,1472017Assets 2018: $11,005,673Liabilities 2018: $1,669,816Net Assets 2018: $9,335,8572018Assets 2019: $11,220,063Liabilities 2019: $1,519,318Net Assets 2019: $9,700,7452019Assets 2020: $14,446,524Liabilities 2020: $3,663,411Net Assets 2020: $10,783,1132020Assets 2021: $22,856,905Liabilities 2021: $5,778,394Net Assets 2021: $17,078,5112021Assets 2022: $26,865,897Liabilities 2022: $8,075,475Net Assets 2022: $18,790,4222022Assets 2023: $111,415,675Liabilities 2023: $82,805,535Net Assets 2023: $28,610,1402023Assets 2024: $117,257,944Liabilities 2024: $93,123,785Net Assets 2024: $24,134,1592024

Highlighted filing

2017

Assets$9,243,772
Liabilities$1,593,625
Net Assets$7,650,147
Open 2017 Filing

Operations Trend

Revenue Growth75th percentile

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

$60M$40M$20M$0Revenue 2012: $300,000Expenses 2012: $63,986Net Income 2012: $236,0142012Expenses 2013: $3,391,7022013Revenue 2014: $5,440,775Expenses 2014: $4,186,429Net Income 2014: $1,254,3462014Revenue 2015: $8,246,689Expenses 2015: $6,820,954Net Income 2015: $1,425,7352015Revenue 2016: $12,054,601Expenses 2016: $8,951,383Net Income 2016: $3,103,2182016Revenue 2017: $14,345,118Expenses 2017: $13,291,995Net Income 2017: $1,053,1232017Revenue 2018: $21,186,997Expenses 2018: $19,501,287Net Income 2018: $1,685,7102018Revenue 2019: $22,653,544Expenses 2019: $22,288,656Net Income 2019: $364,8882019Revenue 2020: $32,413,010Expenses 2020: $31,330,642Net Income 2020: $1,082,3682020Revenue 2021: $35,585,919Expenses 2021: $29,290,521Net Income 2021: $6,295,3982021Revenue 2022: $36,712,378Expenses 2022: $35,000,467Net Income 2022: $1,711,9112022Revenue 2023: $51,636,642Expenses 2023: $40,412,875Net Income 2023: $11,223,7672023Revenue 2024: $43,689,124Expenses 2024: $39,349,565Net Income 2024: $4,339,5592024

Highlighted filing

2017

Revenue$14,345,118
Expenses$13,291,995
Net Income$1,053,123
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$14,492,389
Mission and Program Overview

Mission

2the palmdale aerospace academy prepares its graduates for college and careers in the 21st century, aligned with workforce needs in the local area and beyond. The educational program emphasizes science, technology, engineering and mathematics (stem) skills and views academics thru the lens of aerospace. Challenging projects, hands-on activities and collaborative learing engage student interest to maximize learning potential.the palmdale aeospace academy will thrive through partnership with aerospace industry employers, the city of palmdale, the palmdale school district and others who help develop an innovative, relevant educational option.

To prepare its graduates for college and jobs in the 21st century.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,574,607$5,272,308▲ $697,701
Accounts Receivable$1,865,313$1,969,173▲ $103,860
Land, Buildings, and Equipment, Net$357,300$1,728,251▲ $1,370,951
Prepaid Expenses and Deferred Charges$45,790$274,040▲ $228,250
Total Assets$6,843,010$9,243,772▲ $2,400,762
Liabilities
Accounts Payable and Accrued Expenses$139,477$1,294,425▲ $1,154,948
Other Liabilities$20,381$159,897▲ $139,516
Deferred Revenue$36,128$139,303▲ $103,175
Unsecured Notes Loans Payable$50,000--
Total Liabilities$245,986$1,593,625▲ $1,347,639
Net Assets / Fund Balance
Unrestricted Net Assets$6,597,024$7,650,147▲ $1,053,123
Total Net Assets Fund Balance$6,597,024$7,650,147▲ $1,053,123
Total Liabilities and Net Assets / Fund Balance$6,843,010$9,243,772▲ $2,400,762

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,245,832$192,907$1,438,739
Other Land Buildings$476,198-$476,198
Buildings$5,980$2,896$8,876
Leasehold Improvements$241$4,099$4,340
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura HermanHeadmasterFT$136,686$37,868$174,554
Matthew WinheimAssistant HeadmasterFT$119,984$21,576$141,560

Board Members and Trustees

NameTitle
James C LedfordPresident
Marcanthony SanchezVice President
Darren ParkerMember
David EneixMember
Dr Les UhazyMember
Kathe DurenMember
Kevin MickeyMember
Kevin PetersenMember
Marty MeedenMember
Laura BetterncourtSecretary
Dante R SimiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,249,710
Program Service Revenue
$0
Investment Income
$277
Other Revenue
$95,131
All Other Contributions
$6,595
Change in Net Assets
$1,053,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,583,708
Other Expenses$4,708,287
Total Fundraising Expense$12,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,241,318$927,281$9,266$6,177,865
Occupancy$2,703,960--$2,703,960
Other Employee Benefits$1,259,304$221,257$2,195$1,482,756
Pension Plan Contributions$473,940$83,484$830$558,254
Office Expenses$112,799$101,680-$214,479
Fees for Services Other$205,030--$205,030
Payroll Taxes$165,315$28,888$285$194,488
Current Officers, Directors, Trustees, and Key Employees$156,275$14,070-$170,345
Fees for Services Management$136,201--$136,201
Depreciation Depletion$123,221--$123,221
Information Technology$96,663--$96,663
Other Expenses$89,089--$89,089
Travel$87,165--$87,165
Insurance-$71,829-$71,829
All Other Expenses$70,819--$70,819
Fees for Services Legal-$26,595-$26,595
Fees for Services Accounting-$17,279-$17,279
Advertising$7,757--$7,757
Interest-$144-$144
Conferences and Meetings$10--$10
Total Functional Expenses$11,786,912$1,492,507$12,576$13,291,995
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$196,150
Fundraising Direct Expenses$147,271
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Asb Fundraising$163,817$163,817$131,283$32,534
School Fundraising$47,333$32,333$15,988$16,345
Total Events$211,150$196,150$147,271$48,879
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Liabilities$159,897
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 B, Line 11B

“The board members review the organization's form 990 following completion of the form and prior to filing.”

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

“The board members are required to annually disclose any financial conflicts. If a conflict arises the board member is asked to excuse himself/herself from any discussion and voting on the issue.”

Form 990, Part VI, Section B, Line 15

“Human resources performs market research based on industry and size when determining compensation for officers or key employees of the organization.the board reviews and approves the compensation amounts.”

Form 990, Part VI, Section C, Line 19

“The required documents are available at the business office during normal business hours upon request”

Filing and Contact Details

Filer

Filer Name
The Palmdale Aerospace Academy
EIN
45-3851539
Phone
6612733680
Address
3300 EAST PALMDALE BLVD, PALMDALE, CA 93550

Signing Officer

Name
Laura Herman
Title
Head Master
Phone
6612733680
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Herman
Formed
2011
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
152
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The academy is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The academy files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively.”

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01728251
IRS990/LandBldgEquipCostOrOtherBssAmt01928153
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PALMDALE AEROSPACE ACADEMY PREPARES ITS GRADUATES FOR COLLEGE AND CAREERS IN THE 21ST CENTURY, ALIGNED WITH WORKFORCE NEEDS IN THE LOCAL AREA AND BEYOND. THE EDUCATIONAL PROGRAM EMPHASIZES SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) SKILLS AND VIEWS ACADEMICS THROUGH THE LENS OF AEROSPACE. CHALLENGING PROJECTS, HANDS-ON ACTIVITIES AND COLLABORATIVE LEARNING ENGAGE STUDENT INTEREST TO MAXIMIZE LEARNING POTENTIAL. THE PALMDALE AEROSPACE ACADEMY WILL THRIVE THROUGH PARTNERSHIP WITH AEROSPACE INDUSTRY EMPLOYERS, THE CITY OF PALMDALE, THE PALMDALE SCHOOL DISTRICT AND OTHERS WHO HELP DEVELOP AN INNOVATIVE, RELEVANT EDUCATIONAL OPTION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06597024
IRS990/NetAssetsOrFundBalancesEOYAmt07650147
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt048879
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt048879
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02703960
IRS990/OccupancyGrp/TotalAmt02703960
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0101680
IRS990/OfficeExpensesGrp/ProgramServicesAmt0112799
IRS990/OfficeExpensesGrp/TotalAmt0214479
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02195
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0221257
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01259304
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01482756
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3SPECIAL ACTIVITIES/FIEL
IRS990/OtherExpensesGrp/ProgramServicesAmt0454320
IRS990/OtherExpensesGrp/ProgramServicesAmt1275510
IRS990/OtherExpensesGrp/ProgramServicesAmt2128216
IRS990/OtherExpensesGrp/ProgramServicesAmt389089
IRS990/OtherExpensesGrp/TotalAmt0454320
IRS990/OtherExpensesGrp/TotalAmt1275510
IRS990/OtherExpensesGrp/TotalAmt2128216
IRS990/OtherExpensesGrp/TotalAmt389089
IRS990/OtherLiabilitiesGrp/BOYAmt020381
IRS990/OtherLiabilitiesGrp/EOYAmt0159897
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0FOOD SERVICE SALES
IRS990/OtherRevenueMiscGrp/Desc1FOOD NON-PROGRAM
IRS990/OtherRevenueMiscGrp/Desc2OTHER FEES AND CONTRACTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt040761
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15181
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2310
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt040761
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15181
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2310
IRS990/OtherRevenueTotalAmt046252
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09266
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0927281
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05241318
IRS990/OtherSalariesAndWagesGrp/TotalAmt06177865
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0285
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028888
IRS990/PayrollTaxesGrp/ProgramServicesAmt0165315
IRS990/PayrollTaxesGrp/TotalAmt0194488
IRS990/PensionPlanContributionsGrp/FundraisingAmt0830
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt083484
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0473940
IRS990/PensionPlanContributionsGrp/TotalAmt0558254
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045790
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0274040
IRS990/PrincipalOfficerNm0LAURA HERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011997888
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02438790
IRS990/PYOtherRevenueAmt056713
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03103218
IRS990/PYSalariesCompEmpBnftPaidAmt06512593
IRS990/PYTotalExpensesAmt08951383
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012054601
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01053123
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05980
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02896
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08876
IRS990ScheduleD/EquipmentGrp/BookValueAmt01245832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0192907
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01438739
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0241
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04099
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04340
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0476198
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0476198
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0159897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ACADEMY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01728251
IRS990ScheduleD/TotalLiabilityAmt0159897
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PALMDALE AEROSPACE ACADEMY MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND IN THE STUDENTS' ENROLLMENT PACKAGES. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt015000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt015000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0147271
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ASB FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SCHOOL FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0163817
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt047333
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0211150
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0163817
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt032333
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0196150
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt048879
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0147271
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0131283
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt015988
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$9,243,772
Liabilities
$1,593,625
Net assets
$7,650,147
Revenue
$14,345,118
Expenses
$13,291,995
Net income
$1,053,123
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$93.1$24.1$43.7$39.3$4.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$82.8$28.6$51.6$40.4$11.2
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.9$8.08$18.8$36.7$35.0$1.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$5.78$17.1$35.6$29.3$6.30
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$3.66$10.8$32.4$31.3$1.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$1.52$9.70$22.7$22.3$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$1.67$9.34$21.2$19.5$1.69
2017Detailed filing. Detailed filing data is available for this year.$9.24$1.59$7.65$14.3$13.3$1.05
2016Detailed filing. Detailed filing data is available for this year.$6.84$0.25$6.60$12.1$8.95$3.10
2015Detailed filing. Detailed filing data is available for this year.$3.96$0.46$3.49$8.25$6.82$1.43
2014Detailed filing. Detailed filing data is available for this year.$2.53$0.46$2.07$5.44$4.19$1.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.98$0.81$3.39
2012Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.30$0.06$0.24