Civic Intelligence

Aspen Higher Learning Flight Academy Inc.

990 • Fiscal year 2018 • EIN 47-0976234

Jan 01, 2018 to Dec 31, 2018 • Filed on May 01, 2019

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

98th percentile

3.48x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.95x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

60th percentile

8.0%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-50%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

121%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$99,325

Down $97,710 (-50%) from 2017

Net Assets

Up

-$246,362

Up $21,661 (+8.1%) from 2017

Liabilities

Down

$345,687

Down $119,371 (-26%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin60th percentile

Revenue

Up

$177,193

Up $97,196 (+121%) from 2017

Expenses

Up

$163,031

Up $30,209 (+23%) from 2017

Net Income

Up

$14,162

Up $66,987 (+127%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2018

Assets$99,325
Liabilities$345,687
Net Assets-$246,362
Open 2018 Filing

Operations Trend

Revenue Growth94th 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

2018

Revenue$177,193
Expenses$163,031
Net Income$14,162
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 1, 2019
Return Version
2018v3.1
Gross Receipts
$277,193
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
Cash and Non-Interest-Bearing Accounts$33,400$51,163▲ $17,763
Land, Buildings, and Equipment, Net$162,635$36,168▼ $126,467
Prepaid Expenses and Deferred Charges-$10,994-
Receivables From Officers Etc$0--
Rtn Earn Endowment Incm Other Fnds$-268,023$-246,362▲ $21,661
Total Assets$197,035$99,325▼ $97,710
Other Assets Total$1,000$1,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$462,056$345,687▼ $116,369
Deferred Revenue$3,002--
Total Liabilities$465,058$345,687▼ $119,371
Net Assets / Fund Balance
Total Net Assets Fund Balance$-268,023$-246,362▲ $21,661
Total Liabilities and Net Assets / Fund Balance$197,035$99,325▼ $97,710

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,168$409,992-
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Michael PearcePresident
Dan GuggenheimVice-President
Tony ShermanSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$45,542
Program Service Revenue
$104,151
Investment Income
$27,500
Other Revenue
$0
All Other Contributions
$35,152
Change in Net Assets
$14,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$163,031
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
Other Expenses$53,727$0$0$53,727
Depreciation Depletion$46,467$0$0$46,467
Interest$16,128$0$0$16,128
Fees for Services Accounting$4,862$4,863$0$9,725
Fees for Services Legal$0$5,015$0$5,015
Conferences and Meetings$2,889$0$0$2,889
Advertising$2,618$0$0$2,618
All Other Expenses$2,611$0$0$2,611
Office Expenses$0$1,428$0$1,428
Fees for Services Management$1,099$0$0$1,099
Total Functional Expenses$149,471$13,560$0$163,031
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0--
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

Signing Officer

Name
Michael Pearce
Title
President
Phone
9702795439
Signed
2019-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Pearce
Formed
2014
Legal Domicile
Co
Voting Board Members
4
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.”

Form 990, Part IX, Line 24E

“Fly Fall expenses 2591. 2591. 0. 0.”

Form 990, Part IX, Line 24E

“license and permits 20. 20. 0. 0.”

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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/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081612
IRS990/VotingMembersGoverningBodyCnt04
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/SignatureDt02019-05-01
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/IPDt02019-08-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:16:42
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/PreparationDt02019-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roger A Marolt CPA
ReturnHeader/ReturnTs02019-08-05T12:16:47-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings

Displayed year

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

Open filing
Assets
$99,325
Liabilities
$345,687
Net assets
-$246,362
Revenue
$177,193
Expenses
$163,031
Net income
$14,162
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