Civic Intelligence

Fly Compton Aeronautical Education Foundation Inc.

990 • Fiscal year 2023 • EIN 85-3136532

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

48th percentile

3.2%

Higher net margin than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$60,400

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

76th percentile

21%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

75%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$122,116

Up $21,298 (+21%) from 2022

Net Assets

Up

$122,116

Up $22,001 (+22%) from 2022

Liabilities

Down

$0

Down $703 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin48th percentile

Revenue

Up

$692,692

Up $297,863 (+75%) from 2022

Expenses

Up

$670,691

Up $295,333 (+79%) from 2022

Net Income

Up

$22,001

Up $2,530 (+13%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2023

Assets$122,116
Liabilities$0
Net Assets$122,116
Open 2023 Filing

Operations Trend

Revenue Growth87th 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

2023

Revenue$692,692
Expenses$670,691
Net Income$22,001
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$692,692
Mission and Program Overview

Mission

Aeronauticaleducationforminorityyouth.

Provide aeronautical education for minority youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,000$68,000▲ $6,000
Cash and Non-Interest-Bearing Accounts$38,818$49,475▲ $10,657
Prepaid Expenses and Deferred Charges-$4,641-
Total Assets$100,818$122,116▲ $21,298
Liabilities
Other Liabilities$703--
Total Liabilities$703$0▼ $703
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,115$122,116▲ $22,001
Total Net Assets Fund Balance$100,115$122,116▲ $22,001
Total Liabilities and Net Assets / Fund Balance$100,818$122,116▲ $21,298

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$68,000$87,000$155,000
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Demetrius HarrisPresidentPT$60,400$60,400
Carla NormanSecretaryPT$40,867$40,867

Board Members and Trustees

NameTitle
Jonathan StricklandVice President
Michael SherrillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$692,415
Program Service Revenue
$0
Investment Income
$277
Other Revenue
$0
All Other Contributions
$692,415
Change in Net Assets
$22,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$483,481
Salaries, Compensation, and Employee Benefits$165,960
Grants and Similar Amounts Paid$21,250
Total Fundraising Expense$7,971
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$114,916--$114,916
Current Officers, Directors, Trustees, and Key Employees$73,961$19,723$4,931$98,615
Office Expenses$42,813$14,271-$57,084
Other Salaries and Wages$54,485--$54,485
Other Expenses$53,841--$53,841
Fees for Services Management-$28,000-$28,000
Fees for Services Legal$22,050--$22,050
Grants to Domestic Orgs$21,250--$21,250
Insurance$20,694--$20,694
Depreciation Depletion$14,000--$14,000
Payroll Taxes$9,645$2,572$643$12,860
Advertising$7,192-$2,397$9,589
Occupancy$8,372--$8,372
Travel$7,983--$7,983
Fees for Services Accounting-$4,000-$4,000
Total Functional Expenses$594,154$68,566$7,971$670,691
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Forecast FoundationLos Angeles, CA501c3Donation$15,000
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
Demetrius HarrisBusiness See Sch L Part V 1Company provides organization with accountingNo-
Michael SherrilBusiness See Sch L Part V 2Flight training servicesNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Payables-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
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
2024-11-15
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 Appendix349 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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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0277
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0692692
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0122116
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt07983
IRS990/TravelGrp/TotalAmt07983
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Demetrius Harris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02134894792
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fly Compton Aeronautical Education Foundation
ReturnHeader/Filer/BusinessNameControlTxt0FLYC
ReturnHeader/Filer/EIN0853136532
ReturnHeader/Filer/USAddress/AddressLine1Txt012501 Imperial Highway STE 200
ReturnHeader/Filer/USAddress/CityNm0Norwalk
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090650
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0882423554
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Beaver Legal Corporation
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02102 Business Center Dr Suite 130
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Irvine
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092612
ReturnHeader/PreparerPersonGrp/PhoneNum09494415352
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Leilani R Beaver
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-15T20:59:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$122,116
Liabilities
$0
Net assets
$122,116
Revenue
$692,692
Expenses
$670,691
Net income
$22,001
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