Civic Intelligence

Soar Foundation

990EZ • Fiscal year 2023 • EIN 87-2327641

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 01, 2024

Organization Profilehttps//www.soar-foundation.net
PO Box 76267Colorado Springs, CO 80970

(719) 321-9005

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

80th percentile

$3,660

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

$95,710

No earlier filing loaded for comparison.

Net Assets

$95,710

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin96th percentile

Revenue

$121,695

No earlier filing loaded for comparison.

Expenses

$29,136

No earlier filing loaded for comparison.

Net Income

$92,559

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0Assets 2023: $95,710Liabilities 2023: $0Net Assets 2023: $95,7102023Assets 2024: $110,178Liabilities 2024: $0Net Assets 2024: $110,1782024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2023

Assets$95,710
Liabilities$0
Net Assets$95,710
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2023: $121,695Expenses 2023: $29,136Net Income 2023: $92,5592023Revenue 2024: $238,845Expenses 2024: $224,377Net Income 2024: $14,4682024Revenue 2025: $164,340Expenses 2025: $95,709Net Income 2025: $68,6312025

Highlighted filing

2023

Revenue$121,695
Expenses$29,136
Net Income$92,559
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 1, 2024
Return Version
2023v5.0
Gross Receipts
$163,262
Mission and Program Overview

Mission

SOAR Foundation exists to support Falcon AeroLab and similar organizations that inspire, educate, and prepare young students for the thriving STEM and Aerospace industries. We connect those who have compassion and capacity to students interested in pursuing careers in STEM and Aerospace.

Support stem/aerospace education programs

Program Services

DescriptionGrantsExpenses
GRANTS TO FALCON AEROLAB LLC TO FUND STUDENTS TUITIONS$15,000$15,000
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALLYSON CARPENTERBoard Chair-$3,660-$3,660
RICH HAYNIEVice President-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$97,593$28,949$14,488$14,461
Total Events$97,593$28,949$41,567$-12,618
Filing and Contact Details

Filer

Filer Name
Soar Foundation
EIN
87-2327641
Phone
7193219005
Address
PO BOX 76267, COLORADO SPRINGS, CO 80970

Signing Officer

Name
Allyson Carpenter
Title
Chairwoman
Phone
7193219005
Signed
2024-06-01
Discuss with paid preparer
Yes

Preparer

Firm
Peak Financial Services LLC
Address
5825 DELMONICO DR STE 310, COLORADO SPRINGS, CO 80919
Preparer
Charles P Mueller CPA
Phone
7192606475
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10, Grants Paid

“Activity AEROSPACE STUDENT GRANT, Grantee FALCON AEROLAB LLC 15011 CLOUDCROSS CT COLORADO SPRINGS CO 80921, Cash Grant 15,000, Relationship”

Form 990-EZ, Part I, Line 16, Other Expenses

“Travel 2,843”

Form 990-EZ, Part I, Line 16, Other Expenses

“INSURANCE 1,276”

Form 990-EZ, Part I, Line 16, Other Expenses

“BANK CHARGES FEES 14”

Form 990-EZ, Part I, Line 16, Other Expenses

“Payment processing fees 590”

Form 990-EZ, Part I, Line 16, Other Expenses

“ROUNDING 1”

Form 990-EZ, Part II, Line 24, Other Assets

“AIRPLANE COMPONENTS Beginning of year 0, End of year 3,355”

Raw XML Appendix160 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0COLORADO SPRINGS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SUPPORT STEM/AEROSPACE EDUCATION PROGRAMS
IRS990EZ/PrintingPublicationsPostageAmt0337
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt03660
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt041567
IRS990EZ/SpecialEventsNetIncomeLossAmt0-12618
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TotalExpensesAmt029136
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IRS990EZ/TotalRevenueAmt0121695
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https//www.soar-foundation.net/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0163262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0163262
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0163262
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IRS990ScheduleA/TotalSupportAmt0163262
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt068644
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt068644
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041567
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt014990
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-12618
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt012089
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IRS990ScheduleG/InPersonSolicitationsInd0X
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IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity AEROSPACE STUDENT GRANT, Grantee FALCON AEROLAB LLC 15011 CLOUDCROSS CT COLORADO SPRINGS CO 80921, Cash Grant 15,000, Relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel 2,843
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INSURANCE 1,276
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK CHARGES FEES 14
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYMENT PROCESSING FEES 590
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AIRPLANE COMPONENTS Beginning of year 0, End of year 3,355
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10, Grants Paid
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLYSON CARPENTER
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ReturnHeader/Filer/PhoneNum07193219005
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352627711
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05825 DELMONICO DR STE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLORADO SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080919
ReturnHeader/PreparerPersonGrp/PhoneNum07192606475
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES P MUELLER CPA
ReturnHeader/ReturnTs02024-06-10T03:35:29-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALLYSON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARPENTER
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$95,710
Liabilities
$0
Net assets
$95,710
Revenue
$121,695
Expenses
$29,136
Net income
$92,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.64$0.96$0.69
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$2.39$2.24$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$1.22$0.29$0.93