Civic Intelligence

Independent Falcon Aircraft Operators Association

990EZ • Fiscal year 2022 • EIN 86-3081663

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 08, 2023

Organization ProfileN/A
7515 Lemmon Ave Bldg JDallas, TX 75209

(972) 365-9920

Siviq Scores

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

Liabilities / Assets

99th percentile

3.62x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

2.00x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

2nd percentile

-150%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

95th percentile

$1,966

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

7th percentile

-43%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-13%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$12,809

Down $9,790 (-43%) from 2021

Net Assets

Down

-$33,589

Down $34,691 (-3148%) from 2021

Liabilities

Up

$46,398

Up $24,901 (+116%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Down

$23,164

Down $3,449 (-13%) from 2021

Expenses

Up

$57,855

Up $32,344 (+127%) from 2021

Net Income

Down

-$34,691

Down $35,793 (-3248%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$150K$100K$50K$0-$50KAssets 2021: $22,599Liabilities 2021: $21,497Net Assets 2021: $1,1022021Assets 2022: $12,809Liabilities 2022: $46,398Net Assets 2022: -$33,5892022Assets 2023: $81,604Liabilities 2023: $112,774Net Assets 2023: -$31,1702023Assets 2024: $86,468Liabilities 2024: $114,703Net Assets 2024: -$28,2352024Assets 2025: $48,018Liabilities 2025: $49,217Net Assets 2025: -$1,1992025

Highlighted filing

2022

Assets$12,809
Liabilities$46,398
Net Assets-$33,589
Open 2022 Filing

Operations Trend

Revenue Growth16th percentile

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

$100K$50K$0-$50KRevenue 2021: $26,613Expenses 2021: $25,511Net Income 2021: $1,1022021Revenue 2022: $23,164Expenses 2022: $57,855Net Income 2022: -$34,6912022Revenue 2023: $53,197Expenses 2023: $50,778Net Income 2023: $2,4192023Revenue 2024: $77,364Expenses 2024: $74,429Net Income 2024: $2,9352024Revenue 2025: $98,785Expenses 2025: $71,749Net Income 2025: $27,0362025

Highlighted filing

2022

Revenue$23,164
Expenses$57,855
Net Income-$34,691
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 8, 2023
Return Version
2022v4.1
Gross Receipts
$23,164
Mission and Program Overview

Mission

Facilitate discussions and sharing information amount dassault falcon operators.

Program Services

DescriptionGrantsExpenses
SHARING IDEAS FOR TROUBLESHOOTING, BEST PRACTICES, SAFETY DISCUSSIONS,AND DISCUSSING MORE ECONOMICALLY VIABLE SOLUTIONS FOR THE OPERATIONOF THE AIRCRAFT. HAS BENEFITED ITS CURRENT 50+MEMBERS.--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAURA J MOUNTJOYTreasurer-$1,966-$1,966
SEAN P LYNCHPresidentPT$0--
STEVE HUBBLESecretary-$0--
Filing and Contact Details

Filer

Filer Name
Falcon Jet Owners and Operators Association
EIN
86-3081663
Phone
9723659920
Address
7515 LEMMON AVE BLDG J, DALLAS, TX 75209

Signing Officer

Name
Laura J Mountjoy
Title
Treasurer
Phone
9723659920
Signed
2023-02-08
Discuss with paid preparer
Yes

Preparer

Firm
Laura J Mountjoy Pc
Address
2510 VISTAVIEW DR, CORINTH, TX 76210
Preparer
Laura J Mountjoy CPA
Phone
9723659920
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Advertising and promotional 1500.”

Form 990EZ, Part I, Line 16

“LICENSE AND FEES 600.”

Form 990EZ, Part I, Line 16

“MARKETING FEES 21817.”

Form 990EZ, Part I, Line 16

“Social media management 9750.”

Form 990EZ, Part I, Line 16

“Conference expenses 22067.”

Form 990EZ, Part I, Line 16

“WEBSITE EXPENSES 60.”

Form 990EZ, Part II, Line 26

“LOAN-EAP 2404. 46398.”

Form 990EZ, Part II, Line 26

“LOAN-MJP 19093. 0.”

Raw XML Appendix148 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0LAURA J MOUNTJOY CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum09723659920
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02510 VISTAVIEW DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CORINTH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd076210
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt022599
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012809
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-34691
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02061
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt022599
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012809
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt023164
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LoansToFromOfficersAmt046398
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MembershipDuesAmt023164
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt01102
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-33589
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt01102
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-33589
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt11966
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SEAN P LYNCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LAURA J MOUNTJOY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVE HUBBLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt055794
IRS990EZ/PrimaryExemptPurposeTxt0FACILITATE DISCUSSIONS AND SHARING INFORMATION AMOUNT DASSAULT FALCON OPERATORS.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SHARING IDEAS FOR TROUBLESHOOTING, BEST PRACTICES, SAFETY DISCUSSIONS,AND DISCUSSING MORE ECONOMICALLY VIABLE SOLUTIONS FOR THE OPERATIONOF THE AIRCRAFT. HAS BENEFITED ITS CURRENT 50+MEMBERS.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt021497
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt046398
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt057855
IRS990EZ/TotalRevenueAmt023164
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt046398
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0EAP-SEAN LYNCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1MJP-SEAN LYNCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02404
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt110000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt046398
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADVERTISING AND PROMOTIONAL 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LICENSE AND FEES 600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MARKETING FEES 21817.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOCIAL MEDIA MANAGEMENT 9750.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFERENCE EXPENSES 22067.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WEBSITE EXPENSES 60.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LOAN-EAP 2404. 46398.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LOAN-MJP 19093. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA J MOUNTJOY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09723659920
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FALCON JET OWNERS AND OPERATORS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0FALC
ReturnHeader/Filer/EIN0863081663
ReturnHeader/Filer/PhoneNum09723659920
ReturnHeader/Filer/USAddress/AddressLine1Txt07515 LEMMON AVE BLDG J
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075209
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752616920
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAURA J MOUNTJOY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02510 VISTAVIEW DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORINTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076210
ReturnHeader/PreparerPersonGrp/PhoneNum09723659920
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA J MOUNTJOY CPA
ReturnHeader/ReturnTs02023-02-08T09:23:02-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAURA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MOUNTJOY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$12,809
Liabilities
$46,398
Net assets
-$33,589
Revenue
$23,164
Expenses
$57,855
Net income
-$34,691
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.48$0.49$0.01$0.99$0.72$0.27
2024Detailed filing. Detailed filing data is available for this year.$0.86$1.15$0.28$0.77$0.74$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.82$1.13$0.31$0.53$0.51$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.46$0.34$0.23$0.58$0.35
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.21$0.01$0.27$0.26$0.01