Civic Intelligence

Aspen Higher Learning Flight Academy Inc.

990 • Fiscal year 2019 • EIN 47-0976234

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 13, 2020

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

2.24x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

1.06x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

82nd percentile

42%

Faster asset growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

67%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$140,627

Up $41,302 (+42%) from 2018

Net Assets

Up

-$174,478

Up $71,884 (+29%) from 2018

Liabilities

Down

$315,105

Down $30,582 (-8.8%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin79th percentile

Revenue

Up

$296,263

Up $119,070 (+67%) from 2018

Expenses

Up

$224,379

Up $61,348 (+38%) from 2018

Net Income

Up

$71,884

Up $57,722 (+408%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2019

Assets$140,627
Liabilities$315,105
Net Assets-$174,478
Open 2019 Filing

Operations Trend

Revenue Growth89th 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

2019

Revenue$296,263
Expenses$224,379
Net Income$71,884
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 13, 2020
Return Version
2019v5.0
Gross Receipts
$296,263
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$51,163$106,067▲ $54,904
Land, Buildings, and Equipment, Net$36,168$33,560▼ $2,608
Prepaid Expenses and Deferred Charges$10,994$0▼ $10,994
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Rtn Earn Endowment Incm Other Fnds$-246,362$-174,478▲ $71,884
Total Assets$99,325$140,627▲ $41,302
Other Assets Total$1,000$1,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$345,687$315,105▼ $30,582
Total Liabilities$345,687$315,105▼ $30,582
Net Assets / Fund Balance
Total Net Assets Fund Balance$-246,362$-174,478▲ $71,884
Total Liabilities and Net Assets / Fund Balance$99,325$140,627▲ $41,302

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,560$412,600$446,160
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$155,224
Program Service Revenue
$121,294
Investment Income
$0
Other Revenue
$19,745
All Other Contributions
$153,044
Change in Net Assets
$71,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,379
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
All Other Expenses$20,608$2,523-$23,131
Depreciation Depletion$22,353--$22,353
Interest$15,549--$15,549
Fees for Services Accounting$7,670$7,669-$15,339
Advertising$15,283--$15,283
Office Expenses-$10,162-$10,162
Other Expenses$7,256$2,184-$7,256
Fees for Services Other$55$5,000-$5,055
Fees for Services Legal-$4,953-$4,953
Travel-$1,927-$1,927
Conferences and Meetings$610--$610
Total Functional Expenses$189,961$34,418$0$224,379
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

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

Signing Officer

Name
Michael Pearce
Title
President
Signed
2020-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Pearce
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
5

Preparer

Firm
Geib & Fox CPAs PC
Address
205 S Mill St Ste 301A, Aspen, CO 81611-2948
Preparer
Preston Fox
Phone
9709200105
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“Badge Audit: Column (A) - Total = $578; Column (B) - Program Services = $578; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Bank & CC Charges: Column (A) - Total = $5070; Column (B) - Program Services = $5070; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Flight Instructor: Column (A) - Total = $4500; Column (B) - Program Services = $4500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Flight School Supplies: Column (A) - Total = $7237; Column (B) - Program Services = $7237; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Graphic Design: Column (A) - Total = $3223; Column (B) - Program Services = $3223; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“M&E: Column (A) - Total = $2483; Column (B) - Program Services = $0; Column (C) - Management & General = $2483; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Membership: Column (A) - Total = $40; Column (B) - Program Services = $0; Column (C) - Management & General = $40; Column (D) - Fundraising = $0”

Raw XML Appendix362 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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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft copy is sent by emails to Officers & Board of Directors for review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Badge Audit: Column (A) - Total = $578; Column (B) - Program Services = $578; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bank & CC Charges: Column (A) - Total = $5070; Column (B) - Program Services = $5070; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Flight Instructor: Column (A) - Total = $4500; Column (B) - Program Services = $4500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Flight School Supplies: Column (A) - Total = $7237; Column (B) - Program Services = $7237; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Graphic Design: Column (A) - Total = $3223; Column (B) - Program Services = $3223; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7M&E: Column (A) - Total = $2483; Column (B) - Program Services = $0; Column (C) - Management & General = $2483; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Membership: Column (A) - Total = $40; Column (B) - Program Services = $0; Column (C) - Management & General = $40; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt099325
IRS990/TotalAssetsEOYAmt0140627
IRS990/TotalAssetsGrp/BOYAmt099325
IRS990/TotalAssetsGrp/EOYAmt0140627
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0155224
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034418
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189961
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0345687
IRS990/TotalLiabilitiesEOYAmt0315105
IRS990/TotalLiabilitiesGrp/BOYAmt0345687
IRS990/TotalLiabilitiesGrp/EOYAmt0315105
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-246362
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-174478
IRS990/TotalProgramServiceExpensesAmt0189961
IRS990/TotalProgramServiceRevenueAmt0121294
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0141039
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0296263
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt099325
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140627
IRS990/TravelGrp/ManagementAndGeneralAmt01927
IRS990/TravelGrp/TotalAmt01927
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO Box 4648
IRS990/USAddress/CityNm0Aspen
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081612
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Pearce
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-13
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/PreparerFirmGrp/PreparerFirmEIN0841373765
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Geib & Fox CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0205 S Mill St Ste 301A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Aspen
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0816112948
ReturnHeader/PreparerPersonGrp/PhoneNum09709200105
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Preston Fox
ReturnHeader/ReturnTs02020-06-13T14:58:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,627
Liabilities
$315,105
Net assets
-$174,478
Revenue
$296,263
Expenses
$224,379
Net income
$71,884
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