Civic Intelligence

Aspen Higher Learning Flight Academy Inc.

990 • Fiscal year 2016 • EIN 47-0976234

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 22, 2017

Organization ProfileN/A
PO Box 7756Aspen, CO 81612

(970) 379-7806

Siviq Scores

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

Liabilities / Assets

97th percentile

1.87x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

5.71x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

3rd percentile

-248%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

21st percentile

-19%

Faster asset growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$247,509

Down $57,329 (-19%) from 2015

Net Assets

Down

-$215,198

Down $298,043 (-360%) from 2015

Liabilities

Up

$462,707

Up $240,714 (+108%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Up

$80,969

Up $37,833 (+88%) from 2015

Expenses

Up

$281,841

Up $244,295 (+651%) from 2015

Net Income

Down

-$200,872

Down $206,462 (-3693%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $310,501Liabilities 2014: $233,2462014Assets 2015: $304,838Liabilities 2015: $221,993Net Assets 2015: $82,8452015Assets 2016: $247,509Liabilities 2016: $462,707Net Assets 2016: -$215,1982016Assets 2017: $197,035Liabilities 2017: $465,058Net Assets 2017: -$268,0232017Assets 2018: $99,325Liabilities 2018: $345,687Net Assets 2018: -$246,3622018Assets 2019: $140,627Liabilities 2019: $315,105Net Assets 2019: -$174,4782019Assets 2020: $1,016,950Liabilities 2020: $906,989Net Assets 2020: $109,9612020Assets 2021: $895,169Liabilities 2021: $880,995Net Assets 2021: $14,1742021Assets 2022: $1,324,186Liabilities 2022: $1,408,736Net Assets 2022: -$84,5502022Assets 2023: $1,834,265Liabilities 2023: $1,526,861Net Assets 2023: $307,4042023Assets 2024: $2,319,216Liabilities 2024: $2,079,234Net Assets 2024: $239,9822024

Highlighted filing

2016

Assets$247,509
Liabilities$462,707
Net Assets-$215,198
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $94,520Expenses 2014: $17,265Net Income 2014: $77,2552014Revenue 2015: $43,136Expenses 2015: $37,546Net Income 2015: $5,5902015Revenue 2016: $80,969Expenses 2016: $281,841Net Income 2016: -$200,8722016Revenue 2017: $79,997Expenses 2017: $132,822Net Income 2017: -$52,8252017Revenue 2018: $177,193Expenses 2018: $163,031Net Income 2018: $14,1622018Revenue 2019: $296,263Expenses 2019: $224,379Net Income 2019: $71,8842019Revenue 2020: $651,608Expenses 2020: $367,169Net Income 2020: $284,4392020Revenue 2021: $371,338Expenses 2021: $467,125Net Income 2021: -$95,7872021Revenue 2022: $810,888Expenses 2022: $909,612Net Income 2022: -$98,7242022Revenue 2023: $1,366,924Expenses 2023: $974,970Net Income 2023: $391,9542023Revenue 2024: $1,111,165Expenses 2024: $1,131,521Net Income 2024: -$20,3562024

Highlighted filing

2016

Revenue$80,969
Expenses$281,841
Net Income-$200,872
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 22, 2017
Return Version
2016v3.0
Gross Receipts
$80,969
Mission and Program Overview

Mission

Empowers youth and adults to learn the joys and responsibilities of flying by providing students with classroom and flight training needed to pilot aircraft.

To provide flight equipment and service for use in low cost charitable purpose flight and ground school training

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$250,594$228,689▼ $21,905
Cash and Non-Interest-Bearing Accounts$54,243$18,820▼ $35,423
Rtn Earn Endowment Incm Other Fnds$82,844$-215,198▼ $298,042
Total Assets$304,837$247,509▼ $57,328
Liabilities
Mortgage Notes Payable Secured by Investment Property$221,993$462,707▲ $240,714
Total Liabilities$221,993$462,707▲ $240,714
Net Assets / Fund Balance
Total Net Assets Fund Balance$82,844$-215,198▼ $298,042
Total Liabilities and Net Assets / Fund Balance$304,837$247,509▼ $57,328

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$227,689$298,471$526,160
Other Land Buildings$1,000-$1,000
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Michael PearcePresident
Sterling SeamansVice-President
Greg RoarkCEO
Tom Clark JrSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$7,325
Program Service Revenue
$73,533
Investment Income
$111
Other Revenue
$0
All Other Contributions
$7,325
Change in Net Assets
$-200,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$201,302$0$0$201,302
Other Expenses$30,263$0$0$30,263
Insurance$23,084$0$0$23,084
Interest$18,365$0$0$18,365
Travel$0$1,831$0$1,831
Office Expenses$0$1,357$0$1,357
All Other Expenses$381$943$0$1,324
Advertising$120$0$0$120
Total Functional Expenses$277,522$4,319$0$281,841
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Aspen Higher Learning Flight Academy Inc
EIN
47-0976234
Phone
9703797806
Address
PO Box 7756, Aspen, CO 81612

Signing Officer

Name
Michael Pearce
Title
President
Phone
9703797806
Signed
2017-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Pearce
Formed
2014
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
5

Preparer

Firm
Marolt Llp
Address
PO BOX 10671, ASPEN, CO 81612-9778
Preparer
Roger a Marolt CPA
Phone
9709257047
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Draft Copy is sent by emails to Officers & Board of Directors for review.”

Pt XI

“Line 9-prior year depreciation expense adjustment”

Form 990EZ, Part I, Line 16

“Advertising 120.”

Form 990EZ, Part I, Line 16

“bank charge 943.”

Form 990EZ, Part I, Line 16

“credit card fees 381.”

Form 990EZ, Part I, Line 16

“insurance 23084.”

Form 990EZ, Part I, Line 16

“interest expense 18365.”

Form 990EZ, Part I, Line 16

“meals 188.”

Form 990EZ, Part I, Line 16

“Tax & Licensess 638.”

Form 990EZ, Part I, Line 16

“Office expenses 1357.”

Form 990EZ, Part I, Line 16

“Travel 1831.”

Form 990EZ, Part I, Line 16

“Materials & Supplies 3369.”

Form 990EZ, Part I, Line 16

“Aircraft Operations 30263.”

Form 990EZ, Part II, Line 24

“Diamond DA 40 aircraft 250594. 250594.”

Form 990EZ, Part II, Line 24

“collateral account 50100. 0.”

Form 990EZ, Part II, Line 24

“Plane N89OUS 0. 280000.”

Form 990EZ, Part II, Line 26

“ANB Bank Loan 221993. 189974.”

Form 990EZ, Part II, Line 26

“Advance from Aero Build 0. 1450.”

Form 990EZ, Part II, Line 26

“ANB Loan #2 0. 193774.”

Form 990EZ, Part II, Line 26

“ANB Loan #3 0. 77510.”

Form 990, Part IX, Line 24E

“Bank Charges 1324. 381. 943. 0.”

Raw XML Appendix364 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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0304837
IRS990/TotalAssetsEOYAmt0247509
IRS990/TotalAssetsGrp/BOYAmt0304837
IRS990/TotalAssetsGrp/EOYAmt0247509
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07325
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04319
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0277522
IRS990/TotalFunctionalExpensesGrp/TotalAmt0281841
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0221993
IRS990/TotalLiabilitiesEOYAmt0462707
IRS990/TotalLiabilitiesGrp/BOYAmt0221993
IRS990/TotalLiabilitiesGrp/EOYAmt0462707
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt082844
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-215198
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt073533
IRS990/TotalProgramServiceExpensesAmt0277522
IRS990/TotalProgramServiceRevenueAmt073533
IRS990/TotalRevenueGrp/ExclusionAmt0111
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt073533
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080969
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0304837
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0247509
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01831
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt01831
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO Box 7756
IRS990/USAddress/CityNm0Aspen
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081612
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL PEARCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09703797806
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Aspen Higher Learning Flight Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0ASPE
ReturnHeader/Filer/EIN0470976234
ReturnHeader/Filer/PhoneNum09703797806
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 7756
ReturnHeader/Filer/USAddress/CityNm0Aspen
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081612
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00D5F8E45908D8DB949128D6AB0A8C413A43C576B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00D5F8E45908D8DB949128D6AB0A8C413A43C576B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.59.241.194
ReturnHeader/FilingSecurityInformation/IPDt02017-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm014:17:37
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAROLT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 10671
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASPEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0816129778
ReturnHeader/PreparerPersonGrp/PhoneNum09709257047
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER A MAROLT CPA
ReturnHeader/ReturnTs02017-11-09T14:17:44-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$247,509
Liabilities
$462,707
Net assets
-$215,198
Revenue
$80,969
Expenses
$281,841
Net income
-$200,872
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$2.08$0.24$1.11$1.13$0.02
2023Summary only. Only limited summary data is available for this year.$1.83$1.53$0.31$1.37$0.97$0.39
2022Detailed filing. Detailed filing data is available for this year.$1.32$1.41$0.08$0.81$0.91$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.88$0.01$0.37$0.47$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.91$0.11$0.65$0.37$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.32$0.17$0.30$0.22$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.35$0.25$0.18$0.16$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.47$0.27$0.08$0.13$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.46$0.22$0.08$0.28$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.22$0.08$0.04$0.04$0.01
2014Summary only. Only limited summary data is available for this year.$0.31$0.23$0.09$0.02$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits