Civic Intelligence

Fly Compton Aeronautical Education Foundation Inc.

990 • Fiscal year 2022 • EIN 85-3136532

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileNA
12501 Imperial Highway STE 200Norwalk, CA 90650

(213) 489-4792

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

50th percentile

4.9%

Higher net margin than 50% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

86th percentile

$25,200

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

74th percentile

25%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

355%

Faster revenue growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$100,818

Up $20,174 (+25%) from 2021

Net Assets

Up

$100,115

Up $19,471 (+24%) from 2021

Liabilities

Up

$703

Up $703 from 2021

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin50th percentile

Revenue

Up

$394,829

Up $307,990 (+355%) from 2021

Expenses

Up

$375,358

Up $366,163 (+3982%) from 2021

Net Income

Down

$19,471

Down $58,173 (-75%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$300K$200K$100K$0Assets 2021: $80,644Liabilities 2021: $0Net Assets 2021: $80,6442021Assets 2022: $100,818Liabilities 2022: $703Net Assets 2022: $100,1152022Assets 2023: $122,116Liabilities 2023: $0Net Assets 2023: $122,1162023Assets 2024: $274,830Liabilities 2024: $0Net Assets 2024: $274,8302024

Highlighted filing

2022

Assets$100,818
Liabilities$703
Net Assets$100,115
Open 2022 Filing

Operations Trend

Revenue Growth95th percentile

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

$800K$600K$400K$200K$0Revenue 2021: $86,839Expenses 2021: $9,195Net Income 2021: $77,6442021Revenue 2022: $394,829Expenses 2022: $375,358Net Income 2022: $19,4712022Revenue 2023: $692,692Expenses 2023: $670,691Net Income 2023: $22,0012023Revenue 2024: $778,744Expenses 2024: $695,995Net Income 2024: $82,7492024

Highlighted filing

2022

Revenue$394,829
Expenses$375,358
Net Income$19,471
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$394,829
Mission and Program Overview

Mission

Aeronauticaleducationforminorityyouth.

Provide aeronautical education for minority youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$75,000$62,000▼ $13,000
Cash and Non-Interest-Bearing Accounts$5,644$38,818▲ $33,174
Total Assets$80,644$100,818▲ $20,174
Liabilities
Other Liabilities-$703-
Total Liabilities$0$703▲ $703
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,644$100,115▲ $19,471
Total Net Assets Fund Balance$80,644$100,115▲ $19,471
Total Liabilities and Net Assets / Fund Balance$80,644$100,818▲ $20,174

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$62,000$73,000$135,000
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Demetrius HarrisPresidentPT$25,200$25,200
Carla NormanSecretaryPT$19,600$19,600

Board Members and Trustees

NameTitle
Jonathan StricklandVice President
Michael SherrillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$394,829
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$394,829
Change in Net Assets
$19,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,957
Salaries, Compensation, and Employee Benefits$75,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$81,418--$81,418
Depreciation Depletion$73,000--$73,000
Current Officers, Directors, Trustees, and Key Employees$43,400--$43,400
Other Salaries and Wages$25,412--$25,412
Conferences and Meetings$19,662--$19,662
Office Expenses-$19,165-$19,165
Travel$11,337--$11,337
Advertising$7,016--$7,016
Payroll Taxes$6,589--$6,589
Other Expenses$5,321--$5,321
Fees for Services Accounting-$5,250-$5,250
Occupancy-$2,700-$2,700
Insurance$656--$656
Fees for Services Legal-$25-$25
Total Functional Expenses$348,218$27,140$0$375,358
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael SherrilBusiness See Sch L Part V 2Flight training servicesNo$32,301
Demetrius HarrisBusiness See Sch L Part V 1Company provides organization with accountingNo$4,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Payables$703
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

“Organization does not have committees.”

Form 990 governing body review Part VI line 11

“Tax returns are provided to officers for review prior to filing.”

Governing documents etc available to public Part VI line 19

“Tax returns are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fly Compton Aeronautical Education Foundation
EIN
85-3136532
Address
12501 Imperial Highway STE 200, Norwalk, CA 90650

Signing Officer

Name
Demetrius Harris
Title
President
Phone
2134894792
Signed
2023-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Demetrius Harris
Formed
2020
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
6

Preparer

Firm
Beaver Legal Corporation
Address
2102 Business Center Dr Suite 130, Irvine, CA 92612
Preparer
Leilani R Beaver
Phone
9494415352
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“11e Flight training services $81,418”

Raw XML Appendix342 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/ExplanationTxt311e Flight training services $81,418
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,818
Liabilities
$703
Net assets
$100,115
Revenue
$394,829
Expenses
$375,358
Net income
$19,471
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$7.79$6.96$0.83
2023Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$6.93$6.71$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.01$1.00$3.95$3.75$0.19
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.87$0.09$0.78