Civic Intelligence

Palmdale Aerospace Academy Inc.

990 • Fiscal year 2018 • EIN 45-3851539

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

43rd percentile

0.15x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

24th percentile

0.08x

Higher debt load relative to revenue than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

64th percentile

8.0%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$196,980

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

85th percentile

19%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

48%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$11,005,673

Up $1,761,901 (+19%) from 2017

Net Assets

Up

$9,335,857

Up $1,685,710 (+22%) from 2017

Liabilities

Up

$1,669,816

Up $76,191 (+4.8%) from 2017

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin64th percentile

Revenue

Up

$21,186,997

Up $6,841,879 (+48%) from 2017

Expenses

Up

$19,501,287

Up $6,209,292 (+47%) from 2017

Net Income

Up

$1,685,710

Up $632,587 (+60%) from 2017

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 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

2018

Assets$11,005,673
Liabilities$1,669,816
Net Assets$9,335,857
Open 2018 Filing

Operations Trend

Revenue Growth88th 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

2018

Revenue$21,186,997
Expenses$19,501,287
Net Income$1,685,710
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$21,186,997
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
Land, Buildings, and Equipment, Net$1,728,251$3,965,557▲ $2,237,306
Cash and Non-Interest-Bearing Accounts$5,272,308$3,865,585▼ $1,406,723
Pledges and Grants Receivable-$2,733,704-
Prepaid Expenses and Deferred Charges$274,040$426,359▲ $152,319
Accounts Receivable$1,969,173$4,468▼ $1,964,705
Total Assets$9,243,772$11,005,673▲ $1,761,901
Other Assets Total$0$10,000▲ $10,000
Liabilities
Accounts Payable and Accrued Expenses$1,294,425$858,528▼ $435,897
Other Liabilities$159,897$799,488▲ $639,591
Deferred Revenue$139,303$11,800▼ $127,503
Total Liabilities$1,593,625$1,669,816▲ $76,191
Net Assets / Fund Balance
Unrestricted Net Assets$7,650,147$9,335,857▲ $1,685,710
Total Net Assets Fund Balance$7,650,147$9,335,857▲ $1,685,710
Total Liabilities and Net Assets / Fund Balance$9,243,772$11,005,673▲ $1,761,901

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,906,714$510,725$2,417,439
Other Land Buildings$1,986,042-$1,986,042
Leasehold Improvements$72,801$12,026$84,827
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura HermanHeadmasterFT$159,331$37,649$196,980
Brandy PriceDeputy HeadmasterFT$122,623$31,467$154,090
Diane SchultzTeacherFT$103,993$32,163$136,156
Daniel MolikStem TeacherFT$101,941$29,518$131,459

Board Members and Trustees

NameTitle
Kevin PetersenPresident
Marcanthony SanchezVice President
Dante SimiMember
Gary RobertsMember
James DorrellMember
Kevin MickeyMember
Laurua BettencourtMember
Marty MeedenMember
Patrcia RardonMember
Kathe DurenSecretary
Darren ParkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,128,343
Program Service Revenue
$0
Investment Income
$530
Other Revenue
$58,124
All Other Contributions
$218,312
Change in Net Assets
$1,685,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,186,997
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,186,997
Total Revenue per Form 990
$21,186,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,201,652
Other Expenses$7,299,635
Total Fundraising Expense$186,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,462,091$1,317,465$13,446$8,793,002
Occupancy$3,525,368--$3,525,368
Other Employee Benefits$1,752,595$307,479$3,119$2,063,193
Other Expenses$1,986,383--$1,986,383
Pension Plan Contributions$707,364$125,570$1,288$834,222
Fees for Services Other$558,822$35,956-$594,778
Depreciation Depletion$327,189--$327,189
Payroll Taxes$254,785$44,512$450$299,747
All Other Expenses$26,274$66,413$167,768$260,455
Current Officers, Directors, Trustees, and Key Employees$194,569$16,919-$211,488
Fees for Services Management-$169,379-$169,379
Office Expenses$66,684$66,684-$133,368
Travel$119,533--$119,533
Insurance-$106,392-$106,392
Fees for Services Legal-$34,301-$34,301
Fees for Services Accounting-$27,929-$27,929
Advertising-$13,723-$13,723
Interest-$837-$837
Total Functional Expenses$16,981,657$2,333,559$186,071$19,501,287

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,501,287
Total Expenses per Audited Statements$19,501,287
Total Expenses per Form 990$19,501,287
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Deferred Lease Liabilities$799,488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 committees with authority to act on behalf of the governing body.”

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
2019-05-15
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
224
Volunteers
41

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.”

Raw XML AppendixShowing 400 of 540 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/GovernmentGrantsAmt020910031
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt021186997
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0106392
IRS990/InsuranceGrp/TotalAmt0106392
IRS990/InterestGrp/ManagementAndGeneralAmt0837
IRS990/InterestGrp/TotalAmt0837
IRS990/InvestmentIncomeGrp/ExclusionAmt0530
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0530
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0522751
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01728251
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03965557
IRS990/LandBldgEquipCostOrOtherBssAmt04488308
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
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/NetAssetsOrFundBalancesBOYAmt07650147
IRS990/NetAssetsOrFundBalancesEOYAmt09335857
IRS990/NetUnrelatedBusTxblIncmAmt074116
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt03525368
IRS990/OccupancyGrp/TotalAmt03525368
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt066684
IRS990/OfficeExpensesGrp/ProgramServicesAmt066684
IRS990/OfficeExpensesGrp/TotalAmt0133368
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt010000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03119
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0307479
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01752595
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02063193
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/ProgramServicesAmt01986383
IRS990/OtherExpensesGrp/TotalAmt01986383
IRS990/OtherLiabilitiesGrp/BOYAmt0159897
IRS990/OtherLiabilitiesGrp/EOYAmt0799488
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/RelatedOrExemptFuncIncomeAmt051828
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16046
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt051828
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16046
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2250
IRS990/OtherRevenueTotalAmt058124
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013446
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01317465
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07462091
IRS990/OtherSalariesAndWagesGrp/TotalAmt08793002
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0450
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044512
IRS990/PayrollTaxesGrp/ProgramServicesAmt0254785
IRS990/PayrollTaxesGrp/TotalAmt0299747
IRS990/PensionPlanContributionsGrp/FundraisingAmt01288
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0125570
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0707364
IRS990/PensionPlanContributionsGrp/TotalAmt0834222
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02733704
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0274040
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0426359
IRS990/PrincipalOfficerNm0LAURA HERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014249710
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0277
IRS990/PYOtherExpensesAmt04708287
IRS990/PYOtherRevenueAmt095131
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01053123
IRS990/PYSalariesCompEmpBnftPaidAmt08583708
IRS990/PYTotalExpensesAmt013291995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014345118
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01685710
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt058124
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01906714
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0510725
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02417439
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt019501287
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt072801
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012026
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt084827
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01986042
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01986042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0799488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021186997
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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03965557
IRS990ScheduleD/TotalExpensesPerForm990Amt019501287
IRS990ScheduleD/TotalLiabilityAmt0799488
IRS990ScheduleD/TotalRevenuePerForm990Amt021186997
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021186997
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019501287
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0159331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021671
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015978
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAURA HERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEADMASTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0196980

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$11,005,673
Liabilities
$1,669,816
Net assets
$9,335,857
Revenue
$21,186,997
Expenses
$19,501,287
Net income
$1,685,710
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
2018Detailed filing. Detailed filing data is available for this year.$11.0$1.67$9.34$21.2$19.5$1.69
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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