Civic Intelligence

The Kiddie Hawk Air Academy

EIN 84-1482078 • 501(c)3 • Littleton, CO

Profile

To instill in kids from 3 to 9 years of age an interest and appreciation of aviation that will carry through into their adult years

4 West Dry Creek Circle Suite 100Littleton, CO 80120-4457

www.kiddiehawkairacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.35x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.32x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$30,316

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

12th percentile

-15%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-26%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,424,165

Down $260,219 (-15%) from 2023

Liabilities

Down

$504,339

Down $44,327 (-8.1%) from 2023

Net Assets

Down

$919,826

Down $215,892 (-19%) from 2023

Revenue

Down

$1,562,751

Down $548,525 (-26%) from 2023

Expenses

Up

$1,808,225

Up $353,835 (+24%) from 2023

Net Income

Down

-$245,474

Down $902,360 (-137%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $67,555Liabilities 2010: $200Net Assets 2010: $67,3552010Assets 2011: $150,670Liabilities 2011: $0Net Assets 2011: $150,6702011Assets 2012: $86,687Liabilities 2012: $0Net Assets 2012: $86,6872012Assets 2013: $146,594Liabilities 2013: $0Net Assets 2013: $146,5942013Assets 2014: $18,790Liabilities 2014: $0Net Assets 2014: $18,7902014Assets 2015: $53,092Liabilities 2015: $2,427Net Assets 2015: $50,6652015Assets 2016: $49,888Liabilities 2016: $13,491Net Assets 2016: $36,3972016Assets 2017: $194,261Liabilities 2017: $17,716Net Assets 2017: $176,5452017Assets 2018: $455,520Liabilities 2018: $56,693Net Assets 2018: $398,8272018Assets 2019: $705,617Liabilities 2019: $54,994Net Assets 2019: $650,6232019Assets 2020: $725,007Liabilities 2020: $242,019Net Assets 2020: $482,9882020Assets 2021: $1,126,122Liabilities 2021: $587,865Net Assets 2021: $538,2572021Assets 2022: $1,007,320Liabilities 2022: $534,845Net Assets 2022: $472,4752022Assets 2023: $1,684,384Liabilities 2023: $548,666Net Assets 2023: $1,135,7182023Assets 2024: $1,424,165Liabilities 2024: $504,339Net Assets 2024: $919,8262024

Highlighted filing

2024

Assets$1,424,165
Liabilities$504,339
Net Assets$919,826

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $417,219Expenses 2010: $632,715Net Income 2010: -$215,4962010Revenue 2011: $610,992Expenses 2011: $527,677Net Income 2011: $83,3152011Revenue 2012: $625,622Expenses 2012: $689,605Net Income 2012: -$63,9832012Revenue 2013: $691,902Expenses 2013: $631,995Net Income 2013: $59,9072013Revenue 2014: $699,490Expenses 2014: $768,708Net Income 2014: -$69,2182014Revenue 2015: $836,532Expenses 2015: $804,657Net Income 2015: $31,8752015Revenue 2016: $712,406Expenses 2016: $726,674Net Income 2016: -$14,2682016Revenue 2017: $934,111Expenses 2017: $793,963Net Income 2017: $140,1482017Revenue 2018: $1,223,995Expenses 2018: $1,001,713Net Income 2018: $222,2822018Revenue 2019: $1,575,678Expenses 2019: $1,323,882Net Income 2019: $251,7962019Revenue 2020: $638,951Expenses 2020: $652,969Net Income 2020: -$14,0182020Revenue 2021: $694,248Expenses 2021: $615,590Net Income 2021: $78,6582021Revenue 2022: $1,226,531Expenses 2022: $1,309,390Net Income 2022: -$82,8592022Revenue 2023: $2,111,276Expenses 2023: $1,454,390Net Income 2023: $656,8862023Revenue 2024: $1,562,751Expenses 2024: $1,808,225Net Income 2024: -$245,4742024

Highlighted filing

2024

Revenue$1,562,751
Expenses$1,808,225
Net Income-$245,474

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.50$0.92$1.56$1.81$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.55$1.14$2.11$1.45$0.66
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.53$0.47$1.23$1.31$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.59$0.54$0.69$0.62$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.24$0.48$0.64$0.65$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.05$0.65$1.58$1.32$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.06$0.40$1.22$1.00$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.02$0.18$0.93$0.79$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.01$0.04$0.71$0.73$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.84$0.80$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.70$0.77$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.69$0.63$0.06
2012Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.63$0.69$0.06
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.61$0.53$0.08
2010Summary only. Only limited summary data is available for this year.$0.07$0.00$0.07$0.42$0.63$0.22
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$2,317,783
Mission and Program Overview

Mission

To instill in children from 3 to 9 years of age an interest in and appreciation of aviation that will carry through into their adult years

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$901,060$776,688▼ $124,372
Land, Buildings, and Equipment, Net$174,439$230,632▲ $56,193
Accounts Receivable$47,623--
Total Assets$1,126,122$1,007,320▼ $118,802
Other Assets Total$3,000--
Liabilities
Unsecured Notes Loans Payable$493,695$484,121▼ $9,574
Other Liabilities$94,170$50,724▼ $43,446
Total Liabilities$587,865$534,845▼ $53,020
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$538,257$472,475▼ $65,782
Total Net Assets Fund Balance$538,257$472,475▼ $65,782
Total Liabilities and Net Assets / Fund Balance$1,126,122$1,007,320▼ $118,802

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$230,632$123,212$353,844
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kellen LipsTreasurerPT$27,698$27,698
Kyle LipsPresidentPT$24,678$24,678

Board Members and Trustees

NameTitle
Andrew MiddletonBoard of Director
Bill MarcyBoard of Director
Sarah MarcyBoard of Director
Stacy ElsnerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,328,509
Program Service Revenue
$0
Investment Income
$-101,978
Other Revenue
$0
All Other Contributions
$1,328,509
Change in Net Assets
$-82,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,253,007
Total Fundraising Expense$259,223
Salaries, Compensation, and Employee Benefits$56,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$492,811-$255,276$748,087
Fees for Services Other$158,290$38,000-$196,290
Travel$168,004--$168,004
Depreciation Depletion$53,806--$53,806
Current Officers, Directors, Trustees, and Key Employees$44,568$4,142$3,666$52,376
Office Expenses$21,664$2,086-$23,750
Occupancy-$15,762-$15,762
Interest-$14,170-$14,170
Fees for Services Accounting-$4,494-$4,494
Information Technology-$4,022-$4,022
Payroll Taxes$3,408$318$281$4,007
Insurance-$3,676-$3,676
Advertising$1,404--$1,404
Other Expenses$1$4,925-$1
Total Functional Expenses$952,092$98,075$259,223$1,309,390
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$44,823
Payroll Liabilities$5,901
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Page 6, Part VI, Line 2

Kyle lips kellen lips president treasurer siblings sarah marcy bill marcy bod bod married

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the governing body prior to its filing

Form 990, Page 6, Part VI, Line 19

These documents are available upon request

Filing and Contact Details

Filer

Filer Name
The Kiddie Hawk Air Academy
EIN
84-1482078
Phone
3038863059
Address
4 WEST DRY CREEK CIRCLE SUITE 100, LITTLETON, CO 80120-4457

Signing Officer

Name
Kyle Lips
Title
President
Phone
6023211964
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Lips
Formed
1998
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
6

Preparer

Firm
Harper Hofer & Associates LLC
Address
216 16TH STREET STE 850, DENVER, CO 80202
Preparer
Jerome G Gienger CPA
Phone
3034860000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Visiting hospitals, museums, airshows and other public events to compliment other programs designed for older children. Visiting preschools, kindergarten and early elementary schools and presenting an integrated program of education about aviation, including parts of an airplane, basic principles of flight, aviation history, geography, civics and career planning as they relate to aviation.

Form 990, Part IX, Line 11G

Contract labor 140,550 38,000 0 other 2,139 0 0 meals volunteers 15,313 0 0 subscription service fees 288 0 0 total 158,290 38,000 0

Raw XML Appendix365 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VISITING HOSPITALS, MUSEUMS, AIRSHOWS AND OTHER PUBLIC EVENTS TO COMPLIMENT OTHER PROGRAMS DESIGNED FOR OLDER CHILDREN. VISITING PRESCHOOLS, KINDERGARTEN AND EARLY ELEMENTARY SCHOOLS AND PRESENTING AN INTEGRATED PROGRAM OF EDUCATION ABOUT AVIATION, INCLUDING PARTS OF AN AIRPLANE, BASIC PRINCIPLES OF FLIGHT, AVIATION HISTORY, GEOGRAPHY, CIVICS AND CAREER PLANNING AS THEY RELATE TO AVIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KYLE LIPS KELLEN LIPS PRESIDENT TREASURER SIBLINGS SARAH MARCY BILL MARCY BOD BOD MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE GOVERNING BODY PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 140,550 38,000 0 OTHER 2,139 0 0 MEALS VOLUNTEERS 15,313 0 0 SUBSCRIPTION SERVICE FEES 288 0 0 TOTAL 158,290 38,000 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/USAddress/AddressLine1Txt026 WEST DRY CREEK CIRCLE
IRS990/USAddress/CityNm0LITTLETON
IRS990/USAddress/StateAbbreviationCd0CO
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IRS990/WebsiteAddressTxt0WWW.KIDDIEHAWKAIRACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KYLE LIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06023211964
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE KIDDIE HAWK AIR ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0KIDD
ReturnHeader/Filer/EIN0841482078
ReturnHeader/Filer/PhoneNum03038863059
ReturnHeader/Filer/USAddress/AddressLine1Txt04 WEST DRY CREEK CIRCLE SUITE 100
ReturnHeader/Filer/USAddress/CityNm0LITTLETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201605886
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARPER HOFER & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0216 16TH STREET STE 850
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080202
ReturnHeader/PreparerPersonGrp/PhoneNum03034860000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEROME G GIENGER CPA
ReturnHeader/ReturnTs02023-11-13T18:20:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KYLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LIPS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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