Civic Intelligence

Aspen Higher Learning Flight Academy Inc.

990 • Fiscal year 2017 • EIN 47-0976234

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 15, 2018

Organization ProfileN/A
PO Box 4628Aspen, CO 81612

(970) 279-5439

Siviq Scores

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

Liabilities / Assets

97th percentile

2.36x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

5.81x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-66%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

20th percentile

-20%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

-1.2%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$197,035

Down $50,474 (-20%) from 2016

Net Assets

Down

-$268,023

Down $52,825 (-25%) from 2016

Liabilities

Up

$465,058

Up $2,351 (+0.5%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Down

$79,997

Down $972 (-1.2%) from 2016

Expenses

Down

$132,822

Down $149,019 (-53%) from 2016

Net Income

Up

-$52,825

Up $148,047 (+74%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2017

Assets$197,035
Liabilities$465,058
Net Assets-$268,023
Open 2017 Filing

Operations Trend

Revenue Growth46th 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

2017

Revenue$79,997
Expenses$132,822
Net Income-$52,825
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 15, 2018
Return Version
2017v2.2
Gross Receipts
$216,183
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 training and ground school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$228,689$162,635▼ $66,054
Cash and Non-Interest-Bearing Accounts$18,820$33,400▲ $14,580
Rtn Earn Endowment Incm Other Fnds$-215,198$-268,023▼ $52,825
Total Assets$247,509$197,035▼ $50,474
Other Assets Total-$1,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$462,707$462,056▼ $651
Deferred Revenue-$3,002-
Total Liabilities$462,707$465,058▲ $2,351
Net Assets / Fund Balance
Total Net Assets Fund Balance$-215,198$-268,023▼ $52,825
Total Liabilities and Net Assets / Fund Balance$247,509$197,035▼ $50,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$162,635$363,525-
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$93,683
Investment Income
$-23,686
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$-52,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,800
Salaries, Compensation, and Employee Benefits$1,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$65,054$0$0$65,054
Other Expenses$31,912$0$0$31,912
Interest$19,320$0$0$19,320
Insurance$6,427$1,062$0$7,489
Fees for Services Other$4,919$575$0$5,494
Other Salaries and Wages$950$0$0$950
Office Expenses$0$801$0$801
Fees for Services Accounting$0$576$0$576
Fees for Services Legal$0$125$0$125
Travel$90$0$0$90
Payroll Taxes$72$0$0$72
All Other Expenses$47$0$0$47
Total Functional Expenses$129,231$3,591$0$132,822
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
9702795439
Address
PO Box 4628, Aspen, CO 81612
Doing Business As
Aspen Higher Learning Flight Academy Inc

Signing Officer

Name
Michael Pearce
Title
President
Phone
9702795439
Signed
2018-10-15
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
1
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.”

Form 990EZ, Part I, Line 8

“Brokerage Fee 500.”

Form 990EZ, Part I, Line 16

“Advertising”

Form 990EZ, Part I, Line 16

“bank charge”

Form 990EZ, Part I, Line 16

“credit card fees”

Form 990EZ, Part I, Line 16

“insurance”

Form 990EZ, Part I, Line 16

“interest expense”

Form 990EZ, Part I, Line 16

“meals”

Form 990EZ, Part I, Line 16

“Tax & Licensess”

Form 990EZ, Part I, Line 16

“Office expenses”

Form 990EZ, Part I, Line 16

“Travel”

Form 990EZ, Part I, Line 16

“Materials & Supplies”

Form 990EZ, Part I, Line 16

“Aircraft Operations”

Form 990EZ, Part II, Line 24

“Diamond DA 40 aircraft 250594. 78278.”

Form 990EZ, Part II, Line 24

“collateral account 0.”

Form 990EZ, Part II, Line 24

“Plane N89OUS 280000. 84357.”

Form 990EZ, Part II, Line 26

“ANB Bank Loan 189974. 176626.”

Form 990EZ, Part II, Line 26

“Advance from Aero Build 1450. 1450.”

Form 990EZ, Part II, Line 26

“ANB Loan #2 193774. 183980.”

Form 990EZ, Part II, Line 26

“ANB Loan #3 77510. 0.”

Raw XML Appendix374 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/ExplanationTxt0Draft Copy is sent by emails to Officers & Board of Directors for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Brokerage Fee 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advertising
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3bank charge
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4credit card fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6interest expense
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Travel
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Materials & Supplies
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Aircraft Operations
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Diamond DA 40 aircraft 250594. 78278.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14collateral account 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Plane N89OUS 280000. 84357.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ANB Bank Loan 189974. 176626.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Advance from Aero Build 1450. 1450.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19ANB Loan #3 77510. 0.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0247509
IRS990/TotalAssetsEOYAmt0197035
IRS990/TotalAssetsGrp/BOYAmt0247509
IRS990/TotalAssetsGrp/EOYAmt0197035
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03591
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129231
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132822
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0462707
IRS990/TotalLiabilitiesEOYAmt0465058
IRS990/TotalLiabilitiesGrp/BOYAmt0462707
IRS990/TotalLiabilitiesGrp/EOYAmt0465058
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-215198
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-268023
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt093683
IRS990/TotalProgramServiceExpensesAmt0129231
IRS990/TotalProgramServiceRevenueAmt093683
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt069997
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt079997
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0247509
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0197035
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt090
IRS990/TravelGrp/TotalAmt090
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO Box 4648
IRS990/USAddress/CityNm0Aspen
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081612
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL PEARCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09702795439
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Aspen Higher Learning Flight Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0ASPE
ReturnHeader/Filer/EIN0470976234
ReturnHeader/Filer/PhoneNum09702795439
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 4628
ReturnHeader/Filer/USAddress/CityNm0Aspen
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081612
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08581321F69F1D5AB6166711D7CD1016C5C3BCED5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08581321F69F1D5AB6166711D7CD1016C5C3BCED5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.141.187.4
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm011:53:57
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/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER A MAROLT CPA
ReturnHeader/ReturnTs02018-11-15T11:54:02-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$197,035
Liabilities
$465,058
Net assets
-$268,023
Revenue
$79,997
Expenses
$132,822
Net income
-$52,825
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
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$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