Civic Intelligence

Franconia Soaring Foundation Inc.

990EZ • Fiscal year 2021 • EIN 81-2864631

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 10, 2022

p o 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

83rd percentile

0.21x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

1.12x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

91st percentile

64%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

51st percentile

6.5%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

21st percentile

-38%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Up

$370,808

Up $43,796 (+13%) from 2019

Net Assets

Up

$293,701

Up $61,192 (+26%) from 2019

Liabilities

Down

$77,107

Down $17,396 (-18%) from 2019

Revenue

Down

$69,013

Down $113,182 (-62%) from 2019

Expenses

Up

$24,592

Up $12,330 (+101%) from 2019

Net Income

Down

$44,421

Down $125,512 (-74%) from 2019

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

2021

Assets$370,808
Liabilities$77,107
Net Assets$293,701

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

2021

Revenue$69,013
Expenses$24,592
Net Income$44,421
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 10, 2022
Return Version
2021v4.0
Gross Receipts
$69,013
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
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 facilities will continue to operate, and we maintain and improve the property to insure it's safe use by the public. We conducted motorless flight training for 35 Stem students. The foundation has benefited over 255 people.$0$6,378
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
tom gansePresidentPT$0--
jess pauleyVPPT$0--
peter eicheTreasurerPT$0--
carol tewesSecretaryPT$0--
james davidDirector-$0--
peter staubleDirector-$0--
lee lareauDirector-$0--
jay riffDirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
peter eiche
Title
treasurer
Phone
6033776858
Signed
2022-04-10
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Description;Amount^gliderport usage rental;6000^Total;6000^

Form 990-EZ, Part I, Line 16

Description;Amount^other miscellaneous payments;715|insurance;2051|stem student training;6378|maintenance equipment;2400^Total;11544^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^mortgage;77107^Total;77107^

Raw XML Appendix224 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/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum06033776858
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-10
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ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0812864631
ReturnHeader/Filer/PhoneNum06033776858
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ReturnHeader/Filer/USAddress/CityNm0franconia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NH
ReturnHeader/Filer/USAddress/ZIPCd003580
ReturnHeader/ReturnTs02022-04-14T10:32:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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