Civic Intelligence

Franconia Soaring Foundation Inc.

990EZ • Fiscal year 2019 • EIN 81-2864631

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 09, 2020

post office box 956franconia, NH 03580

(603) 377-6858

Siviq Scores

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

Liabilities / Assets

86th percentile

0.29x

Higher debt load relative to assets than 86% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

0.52x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

98th percentile

93%

Higher net margin than 98% 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

Up

$327,012

Up $327,012 from 2015

Net Assets

$232,509

No earlier filing loaded for comparison.

Liabilities

Up

$94,503

Up $94,503 from 2015

Revenue

Up

$182,195

Up $182,195 from 2015

Expenses

Up

$12,262

Up $12,262 from 2015

Net Income

Up

$169,933

Up $169,933 from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $0Liabilities 2015: $02015Assets 2019: $327,012Liabilities 2019: $94,503Net Assets 2019: $232,5092019Assets 2021: $370,808Liabilities 2021: $77,107Net Assets 2021: $293,7012021Assets 2022: $456,180Liabilities 2022: $67,874Net Assets 2022: $388,3062022Assets 2023: $1,079,398Liabilities 2023: $189,080Net Assets 2023: $890,3182023Assets 2024: $1,609,010Liabilities 2024: $651,551Net Assets 2024: $957,4592024

Highlighted filing

2019

Assets$327,012
Liabilities$94,503
Net Assets$232,509

Operations Trend

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

$600K$400K$200K$0Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2019: $182,195Expenses 2019: $12,262Net Income 2019: $169,9332019Revenue 2021: $69,013Expenses 2021: $24,592Net Income 2021: $44,4212021Revenue 2022: $125,755Expenses 2022: $31,150Net Income 2022: $94,6052022Revenue 2023: $562,962Expenses 2023: $40,519Net Income 2023: $522,4432023Revenue 2024: $131,672Expenses 2024: $64,531Net Income 2024: $67,1412024

Highlighted filing

2019

Revenue$182,195
Expenses$12,262
Net Income$169,933
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 9, 2020
Return Version
2019v5.0
Gross Receipts
$182,195
Mission and Program Overview

Mission

To advance the science and art of motorless flight as a non profit organization. To provide educational programs, training materials, a library, and flying equipment and facilities To promote and educate students, pilots, youth organizations and the general public in regard to motorless flight and aviation safety, for charitable purposes with in the meaning section 501c3. To provide and make available to the members of the Foundation on a non-profit basis flying facilities and equipment for motorless flight. To encourage, promote and provide for the training of members of this Foundation in the knowledge, skills and practices of motorless flight. To study and research the scientific techniques of soaring in the meteorological condition of this area and to make these findings available to the public. To provide enhanced opportunities for motorless flight by facilitating operations in close proximity to the uniquely favorable soaring conditions in the Franconia, NH.

Program Services

DescriptionGrantsExpenses
As part of our vision, we have a program designed specifically to introduce junior members, (those under 21), to aviation. We host an Adaptive Open House for people with various types of disabilities, and other public events. We host an Airport Open House every year to introduce the public to our operations. We provide our members with the facilities and training in order to learn the skill required for motorless flight. We have insured the the facilities will continue to operate, and we maintain and improve the property to insure it's safe use by the public. The foundation has benefited over 225 people.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
tom gansePresidentPT$0--
peter eicheTresurerPT$0--
james davidDirectorPT$0--
william pauleyDirector-$0--
john zankiDirector-$0--
peter staubleDirector-$0--
Filing and Contact Details

Filer

Filer Name
Franconia Soaring Foundation Inc
EIN
81-2864631
Phone
6033776858
Address
post office box 956, franconia, NH 03580

Signing Officer

Name
peter eiche
Title
treasurer
Phone
6033776858
Signed
2020-04-09
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^interest payments;3658|closing costs;3091|other miscellaneous expenses;5513^Total;12262^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^10 year loan;94503^Total;94503^

Raw XML Appendix180 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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IRS990EZ/PrimaryExemptPurposeTxt0To advance the science and art of motorless flight as a non profit organization. To provide educational programs, training materials, a library, and flying equipment and facilities To promote and educate students, pilots, youth organizations and the general public in regard to motorless flight and aviation safety, for charitable purposes with in the meaning section 501c3. To provide and make available to the members of the Foundation on a non-profit basis flying facilities and equipment for motorless flight. To encourage, promote and provide for the training of members of this Foundation in the knowledge, skills and practices of motorless flight. To study and research the scientific techniques of soaring in the meteorological condition of this area and to make these findings available to the public. To provide enhanced opportunities for motorless flight by facilitating operations in close proximity to the uniquely favorable soaring conditions in the Franconia, NH.
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/Filer/EIN0812864631
ReturnHeader/Filer/PhoneNum06033776858
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ReturnHeader/ReturnTs02020-04-15T15:16:52-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings