Civic Intelligence

Aerox

EIN 86-2796416 • 501(c)6 • Winstonsalem, NC

Profile

Creating a national model ecosystem for advanced air mobility.

PO Box 21565Winstonsalem, NC 27120

ncaerox.com

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.34x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

8.83x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-531%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$3,511,877

Down $707,362 (-17%) from 2023

Liabilities

Up

$1,201,622

Up $15,135 (+1.3%) from 2023

Net Assets

Down

$2,310,255

Down $722,497 (-24%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$136,018

Up $62,894 (+86%) from 2023

Expenses

Down

$858,277

Down $587,843 (-41%) from 2023

Net Income

Up

-$722,259

Up $650,737 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $0Liabilities 2021: $24,548Net Assets 2021: -$24,5482021Assets 2022: $4,436,409Liabilities 2022: $30,564Net Assets 2022: $4,405,8452022Assets 2023: $4,219,239Liabilities 2023: $1,186,487Net Assets 2023: $3,032,7522023Assets 2024: $3,511,877Liabilities 2024: $1,201,622Net Assets 2024: $2,310,2552024

Highlighted filing

2024

Assets$3,511,877
Liabilities$1,201,622
Net Assets$2,310,255
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $0Expenses 2021: $24,548Net Income 2021: -$24,5482021Revenue 2022: $5,100,000Expenses 2022: $669,607Net Income 2022: $4,430,3932022Revenue 2023: $73,124Expenses 2023: $1,446,120Net Income 2023: -$1,372,9962023Revenue 2024: $136,018Expenses 2024: $858,277Net Income 2024: -$722,2592024

Highlighted filing

2024

Revenue$136,018
Expenses$858,277
Net Income-$722,259
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$3,511,877
Liabilities
$1,201,622
Net assets
$2,310,255
Revenue
$136,018
Expenses
$858,277
Net income
-$722,259
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$1.20$2.31$0.14$0.86$0.72
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$1.19$3.03$0.07$1.45$1.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.44$0.03$4.41$5.10$0.67$4.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.02$0.02$0.00$0.02$0.02
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 13, 2023
Return Version
2022v5.0
Gross Receipts
$5,100,000
Mission and Program Overview

Mission

Creating a national model ecosystem for advanced air mobility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$-24,548$4,405,845▲ $4,430,393
Cash and Non-Interest-Bearing Accounts$0$4,386,409▲ $4,386,409
Accounts Receivable$0$50,000▲ $50,000
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$4,436,409▲ $4,436,409
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$24,548$30,564▲ $6,016
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$24,548$30,564▲ $6,016
Net Assets / Fund Balance
Total Net Assets Fund Balance$-24,548$4,405,845▲ $4,430,393
Total Liabilities and Net Assets / Fund Balance$0$4,436,409▲ $4,436,409
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Basil YapPresident & Director$157,631$157,631
Kyle MountsTreasurer & Director$44,930$44,930

Board Members and Trustees

NameTitle
David MountsDirector
Karen BarnesDirector
Michael BaughanSecretary & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$5,100,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$4,430,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$438,690
Other Expenses$230,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$243,030-$243,030
Other Salaries and Wages-$180,876-$180,876
Travel-$63,341-$63,341
Fees for Services Legal-$59,562-$59,562
Other Expenses-$27,500-$27,500
All Other Expenses-$15,260-$15,260
Payroll Taxes-$14,784-$14,784
Office Expenses-$8,579-$8,579
Insurance-$7,563-$7,563
Fees for Services Accounting-$1,625-$1,625
Total Functional Expenses$0$669,607$0$669,607
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Aerox
EIN
86-2796416
In Care Of
% L DAVID MOUNTS
Phone
3365058286
Address
PO Box 21565, WINSTONSALEM, NC 27120

Signing Officer

Name
Basil Yap
Title
President
Phone
3365058286
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Basil Yap
Formed
2021
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
1

Preparer

Firm
PwC US Tax LLP
Address
400 BELLEMEADE STREET SUITE 402, GREENSBORO, NC 27401
Preparer
Brooks a Stewart
Phone
3366652700
Supplemental Narrative

Additional Explanations

Conflict of Interest

“FORM 990, PART VI, SECTION B, LINE 12C IN RESPECT TO THE COMPANY'S CONFLICT OF INTEREST POLICY, EACH DIRECTOR, OFFICER, EXECUTIVE, OR MANAGEMENT-LEVEL EMPLOYEE OF THE COMPANY AND ANY SIGNIFICANT ADVISOR, CONSULTANT, OR OTHER CONTRACTOR TO THE COMPANY IS REQUESTED (AND REQUIRED WHEREVER PRACTICABLE) TO SIGN A STATEMENT ANNUALLY THAT AFFIRMS THAT SUCH PERSON: a) HAS RECEIVED A COPY OF THE POLICY b) HAS READ AND UNDERSTOOD THE POLICY c) HAS AGREED TO COMPLY WITH THIS POLICY AND d) UNDERSTANDS THAT THE COMPANY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(c)(6) OF THE CODE AND THAT, IN ORDER TO MAINTAIN ITS FEDERAL TAX-EXEMPT STATUS, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES AND MAY NOT ENGAGE IN ACTIVITIES THAT RESULT IN PRIVATE INUREMENT OR UNREASONABLE OR EXCESSIVE ECONOMIC BENEFIT TO PRIVATE INDIVIDUALS OR ENTITIES. ADDITIONALLY, THE BOARD MAY DETERMINE THAT SOME INTERESTED PERSONS MAY BE REQUIRED TO COMPLETE AND SUBMIT A DISCLOSURE FORM TO THE COMPANY IN ORDER TO PROVIDE INFORMATION WITH RESPECT TO THE PRESENCE OR ABSENCE OF A FINANCIAL INTEREST.”

Governing Documents

“Form 990, part vi, section c, line 19 these documents are proprietary and are not made available to the public.”

Form 990 Review Process

“Form 990, part vi, schedule b, line 11b an electronic version of the return will be made available to all board members in advance of the filing date. Representatives of the organization staff will be available to respond to any questions or address any issues.”

Raw XML Appendix389 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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IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0AS A PARTNER IN THE NORTH CAROLINA'S DEPARTMENT OF TRANSPORTATION'S BEYOND INITIATIVE, AEROX WORKS CLOSELY WITH NCDOT'S UNMANNED AIRCRAFT SYSTEMS PROGRAM, THE FEDERAL AVIATION ADMINISTRATION AND OTHER PUBLIC AND PRIVATE PARTNERS TO UNLEASH THE FULL COMMERCIAL POTENTIAL OF UNMANNED AVIATION.
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IRS990/ForeignFinancialAccountInd0false
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IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
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IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm1KYLE MOUNTS
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL BAUGHAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID MOUNTS
IRS990/Form990PartVIISectionAGrp/PersonNm4KAREN BARNES
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/OtherExpensesGrp/Desc0MEALS
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IRS990/OtherExpensesGrp/Desc2EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc3LEASE COMMENCEMENT FEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART VI, SECTION B, LINE 12C IN RESPECT TO THE COMPANY'S CONFLICT OF INTEREST POLICY, EACH DIRECTOR, OFFICER, EXECUTIVE, OR MANAGEMENT-LEVEL EMPLOYEE OF THE COMPANY AND ANY SIGNIFICANT ADVISOR, CONSULTANT, OR OTHER CONTRACTOR TO THE COMPANY IS REQUESTED (AND REQUIRED WHEREVER PRACTICABLE) TO SIGN A STATEMENT ANNUALLY THAT AFFIRMS THAT SUCH PERSON: a) HAS RECEIVED A COPY OF THE POLICY b) HAS READ AND UNDERSTOOD THE POLICY c) HAS AGREED TO COMPLY WITH THIS POLICY AND d) UNDERSTANDS THAT THE COMPANY IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(c)(6) OF THE CODE AND THAT, IN ORDER TO MAINTAIN ITS FEDERAL TAX-EXEMPT STATUS, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES AND MAY NOT ENGAGE IN ACTIVITIES THAT RESULT IN PRIVATE INUREMENT OR UNREASONABLE OR EXCESSIVE ECONOMIC BENEFIT TO PRIVATE INDIVIDUALS OR ENTITIES. ADDITIONALLY, THE BOARD MAY DETERMINE THAT SOME INTERESTED PERSONS MAY BE REQUIRED TO COMPLETE AND SUBMIT A DISCLOSURE FORM TO THE COMPANY IN ORDER TO PROVIDE INFORMATION WITH RESPECT TO THE PRESENCE OR ABSENCE OF A FINANCIAL INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE PROPRIETARY AND ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, SCHEDULE B, LINE 11B AN ELECTRONIC VERSION OF THE RETURN WILL BE MADE AVAILABLE TO ALL BOARD MEMBERS IN ADVANCE OF THE FILING DATE. REPRESENTATIVES OF THE ORGANIZATION STAFF WILL BE AVAILABLE TO RESPOND TO ANY QUESTIONS OR ADDRESS ANY ISSUES.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/Filer/InCareOfNm0% L DAVID MOUNTS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PwC US Tax LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 BELLEMEADE STREET SUITE 402
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum03366652700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BROOKS A STEWART
ReturnHeader/ReturnTs02023-11-14T09:02:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BASIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YAP
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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