Civic Intelligence

Fault Line Flyers Inc

990EZ • Fiscal year 2021 • EIN 74-2526800

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 06, 2023

Organization ProfileN/A
PO Box 1428Leander, TX 78646-1428

(512) 923-2755

Siviq Scores

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

Liabilities / Assets

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.03x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

50th percentile

5.6%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

41st percentile

-0.2%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

2.6%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$372,509

Down $857 (-0.2%) from 2020

Net Assets

$370,384

No earlier filing loaded for comparison.

Liabilities

Down

$2,125

Down $10,746 (-83%) from 2020

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin50th percentile

Revenue

Up

$65,018

Up $1,666 (+2.6%) from 2020

Expenses

Up

$61,379

Up $15,681 (+34%) from 2020

Net Income

Down

$3,639

Down $14,015 (-79%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$600K$400K$200K$0Assets 2011: $232,163Liabilities 2011: $68,9782011Assets 2012: $262,327Liabilities 2012: $72,9632012Assets 2013: $263,752Liabilities 2013: $73,4292013Assets 2014: $281,264Liabilities 2014: $75,8232014Assets 2015: $263,769Liabilities 2015: $80,9152015Assets 2016: $293,642Liabilities 2016: $02016Assets 2017: $324,721Liabilities 2017: $12,0612017Assets 2018: $338,314Liabilities 2018: $3,5232018Assets 2019: $354,600Liabilities 2019: $13,9762019Assets 2020: $373,366Liabilities 2020: $12,8712020Assets 2021: $372,509Liabilities 2021: $2,125Net Assets 2021: $370,3842021Assets 2022: $393,015Liabilities 2022: $3,924Net Assets 2022: $389,0912022Assets 2023: $430,248Liabilities 2023: $3,924Net Assets 2023: $427,6412023Assets 2024: $428,065Liabilities 2024: $0Net Assets 2024: $428,0652024

Highlighted filing

2021

Assets$372,509
Liabilities$2,125
Net Assets$370,384
Open 2021 Filing

Operations Trend

Revenue Growth47th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $76,336Expenses 2011: $72,626Net Income 2011: $3,7102011Revenue 2012: $80,479Expenses 2012: $54,301Net Income 2012: $26,1782012Revenue 2013: $60,259Expenses 2013: $59,300Net Income 2013: $9592013Revenue 2014: $64,424Expenses 2014: $49,305Net Income 2014: $15,1192014Revenue 2015: $62,629Expenses 2015: $85,216Net Income 2015: -$22,5872015Revenue 2016: $69,056Expenses 2016: $38,563Net Income 2016: $30,4932016Revenue 2017: $68,865Expenses 2017: $50,553Net Income 2017: $18,3122017Revenue 2018: $74,326Expenses 2018: $56,463Net Income 2018: $17,8632018Revenue 2019: $72,085Expenses 2019: $72,891Net Income 2019: -$8062019Revenue 2020: $63,352Expenses 2020: $45,698Net Income 2020: $17,6542020Revenue 2021: $65,018Expenses 2021: $61,379Net Income 2021: $3,6392021Revenue 2022: $77,644Expenses 2022: $68,287Net Income 2022: $9,3572022Revenue 2023: $121,494Expenses 2023: $82,944Net Income 2023: $38,5502023Revenue 2024: $84,259Expenses 2024: $84,073Net Income 2024: $1862024

Highlighted filing

2021

Revenue$65,018
Expenses$61,379
Net Income$3,639
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 6, 2023
Return Version
2021v4.0
Gross Receipts
$65,018
Mission and Program Overview

Mission

We are the Fault Line Flyers - a glider club with members from the Central Texas (Austin) area. Our goal is to promote, educate and encourage participation in the sport of soaring. We are a not-for-profit corporation and a local chapter of the Soaring Society of America.

Program Services

DescriptionGrantsExpenses
Provide training for student pilots; Educate the public by distributing literature, making presentations, and providing demonstration rides to encourage participation in the sport of gliding. For 2021, Provided introduction/educational flights for over 4 demo weekends to the public - for 15 individuals (we were still primarily locked down at this time still due to Covid). Provided more than 208 instructional flights over the year which amounted to roughly 100 hrs of flight and on-ground instruction time for 47 students.$0$0
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg AaronPresident-$0--
Peter JarvisTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Faultline Flyers Inc
EIN
74-2526800
Phone
5129232755
Address
PO Box 1428, Leander, TX 78646-1428

Signing Officer

Name
Peter Jarvis
Title
Treasurer
Phone
5129633640
Signed
2023-03-06
Discuss with paid preparer
Yes

Preparer

Firm
Stacey Granger CPA
Address
27005 Masters Pkwy, Spicewood, TX 78669
Preparer
Stacey Granger
Phone
5127961333
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Aircraft Expenses;15574|Depreciation;3511|Electric;1511|Licenses and Permits;5|SSA Dues;4924|Supplies;1014^Total;26539^”

Form 990-EZ, Part I, Line 20

“Description;Amount^Net Change in Member Equity;6250^Total;6250^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^Accounts Receivable;10205|Inventory;120|Aircraft;125235|Equipment;37274|Accumulated Depreciation;-47479^Total;125355^”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Accounts Payable;2125^Total;2125^”

Raw XML Appendix132 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Peter Jarvis
IRS990EZ/BooksInCareOfDetail/PhoneNum05129633640
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt011503 Bell Avenue
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Austin
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd078759
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt062804
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt063336
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IRS990EZ/ExcessOrDeficitForYearAmt03639
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt065018
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IRS990EZ/LandAndBuildingsGrp/BOYAmt0183818
IRS990EZ/LandAndBuildingsGrp/EOYAmt0183818
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IRS990EZ/MembershipDuesAmt034575
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0360495
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0370384
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0360495
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0370384
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Greg Aaron
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Peter Jarvis
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0126744
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IRS990EZ/OtherChangesInNetAssetsAmt06250
IRS990EZ/OtherExpensesTotalAmt026539
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0We are the Fault Line Flyers - a glider club with members from the Central Texas (Austin) area. Our goal is to promote, educate and encourage participation in the sport of soaring. We are a not-for-profit corporation and a local chapter of the Soaring Society of America.
IRS990EZ/PrintingPublicationsPostageAmt0226
IRS990EZ/ProgramServiceRevenueAmt030443
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide training for student pilots; Educate the public by distributing literature, making presentations, and providing demonstration rides to encourage participation in the sport of gliding. For 2021, Provided introduction/educational flights for over 4 demo weekends to the public - for 15 individuals (we were still primarily locked down at this time still due to Covid). Provided more than 208 instructional flights over the year which amounted to roughly 100 hrs of flight and on-ground instruction time for 47 students.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TX
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt012871
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02125
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt061379
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt065018
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Aircraft Expenses;15574|Depreciation;3511|Electric;1511|Licenses and Permits;5|SSA Dues;4924|Supplies;1014^Total;26539^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Net Change in Member Equity;6250^Total;6250^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Accounts Receivable;10205|Inventory;120|Aircraft;125235|Equipment;37274|Accumulated Depreciation;-47479^Total;125355^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description;EOY Amount^Accounts Payable;2125^Total;2125^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Volunteer for entity believed that tax preparer had successfully filed the extension in a timely manner. When it was determined that the return has not been filed, a second tax preparer was contacted. The return was prepared and e-filing was attempted but unsuccessful. Because of the sense of urgency to comply with the filing of the return, the tax return was mailed registered mail to the IRS on 11/15/2022. The taxpayer has timely filed returns in the past and is committed to being in compliance with all filing requirements. It was neither the taxpayer's desire nor intent to mis-file by sending in a paper return but rather the desire to get the information to the IRS by the deadline by any means possible. Now that they are aware of the electronic filing requirement, all future returns will be electronically filed in a timely and accurate manner. Penalty and interest are effective and appropriate to ensure compliance to those taxpayers who disregard the federal tax laws. That is not the case with this taxpayer as they have been and will continue to be in compliance with annual filings. It is our sincerest request that any penalty and interest be waived regarding this return and that this return satisfies the entities filing requirement for 2021.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BusinessOfficerGrp/PersonNm0Peter Jarvis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05129633640
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAULTLINE FLYERS INC
ReturnHeader/Filer/BusinessNameControlTxt0FAUL
ReturnHeader/Filer/EIN0742526800
ReturnHeader/Filer/PhoneNum05129232755
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1428
ReturnHeader/Filer/USAddress/CityNm0Leander
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0786461428
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300288906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stacey Granger CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027005 Masters Pkwy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Spicewood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078669
ReturnHeader/PreparerPersonGrp/PhoneNum05127961333
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stacey Granger
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-03-06T22:09:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$372,509
Liabilities
$2,125
Net assets
$370,384
Revenue
$65,018
Expenses
$61,379
Net income
$3,639
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$0.84$0.84$0.00
2023Detailed filing. Detailed filing data is available for this year.$4.30$0.04$4.28$1.21$0.83$0.39
2022Detailed filing. Detailed filing data is available for this year.$3.93$0.04$3.89$0.78$0.68$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.73$0.02$3.70$0.65$0.61$0.04
2020Summary only. Only limited summary data is available for this year.$3.73$0.13$0.63$0.46$0.18
2019Summary only. Only limited summary data is available for this year.$3.55$0.14$0.72$0.73$0.01
2018Summary only. Only limited summary data is available for this year.$3.38$0.04$0.74$0.56$0.18
2017Summary only. Only limited summary data is available for this year.$3.25$0.12$0.69$0.51$0.18
2016Summary only. Only limited summary data is available for this year.$2.94$0.00$0.69$0.39$0.30
2015Summary only. Only limited summary data is available for this year.$2.64$0.81$0.63$0.85$0.23
2014Summary only. Only limited summary data is available for this year.$2.81$0.76$0.64$0.49$0.15
2013Summary only. Only limited summary data is available for this year.$2.64$0.73$0.60$0.59$0.01
2012Summary only. Only limited summary data is available for this year.$2.62$0.73$0.80$0.54$0.26
2011Summary only. Only limited summary data is available for this year.$2.32$0.69$0.76$0.73$0.04