Civic Intelligence

Flying Twenty Inc.

990 • Fiscal year 2014 • EIN 94-6138241

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 30, 2015

Organization ProfileWWW.FLYING20.COM
PO Box 730338San Jose, CA 95173-0038

(408) 279-5088

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

53rd percentile

4.6%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

51st percentile

2.5%

Faster asset growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

62nd percentile

9.8%

Faster revenue growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$407,433

Up $9,877 (+2.5%) from 2013

Net Assets

$407,433

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin53rd percentile

Revenue

Up

$215,572

Up $19,185 (+9.8%) from 2013

Expenses

Down

$205,695

Down $46,990 (-19%) from 2013

Net Income

Up

$9,877

Up $66,175 (+118%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$600K$400K$200K$0Assets 2010: $427,252Liabilities 2010: $119,7572010Assets 2011: $432,348Liabilities 2011: $02011Assets 2012: $439,488Liabilities 2012: $02012Assets 2013: $397,556Liabilities 2013: $02013Assets 2014: $407,433Liabilities 2014: $0Net Assets 2014: $407,4332014Assets 2015: $400,555Liabilities 2015: $0Net Assets 2015: $400,5552015Assets 2016: $391,415Liabilities 2016: $0Net Assets 2016: $391,4152016Assets 2017: $401,493Liabilities 2017: $0Net Assets 2017: $401,4932017Assets 2018: $344,234Liabilities 2018: $0Net Assets 2018: $344,2342018Assets 2019: $362,095Liabilities 2019: $0Net Assets 2019: $362,0952019Assets 2020: $384,165Liabilities 2020: $0Net Assets 2020: $384,1652020Assets 2021: $433,969Liabilities 2021: $0Net Assets 2021: $433,9692021Assets 2022: $382,258Net Assets 2022: $382,2582022Assets 2023: $426,845Net Assets 2023: $426,8452023Assets 2024: $501,514Liabilities 2024: $0Net Assets 2024: $501,5142024

Highlighted filing

2014

Assets$407,433
Liabilities$0
Net Assets$407,433
Open 2014 Filing

Operations Trend

Revenue Growth62nd percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $153,683Expenses 2010: $96,788Net Income 2010: $56,8952010Revenue 2011: $245,700Expenses 2011: $120,847Net Income 2011: $124,8532011Revenue 2012: $173,081Expenses 2012: $175,872Net Income 2012: -$2,7912012Revenue 2013: $196,387Expenses 2013: $252,685Net Income 2013: -$56,2982013Revenue 2014: $215,572Expenses 2014: $205,695Net Income 2014: $9,8772014Revenue 2015: $195,422Expenses 2015: $190,689Net Income 2015: $4,7332015Revenue 2016: $151,112Expenses 2016: $167,412Net Income 2016: -$16,3002016Revenue 2017: $132,332Expenses 2017: $142,632Net Income 2017: -$10,3002017Revenue 2018: $131,806Expenses 2018: $140,961Net Income 2018: -$9,1552018Revenue 2019: $162,581Expenses 2019: $183,608Net Income 2019: -$21,0272019Revenue 2020: $192,428Expenses 2020: $185,812Net Income 2020: $6,6162020Revenue 2021: $203,388Expenses 2021: $159,124Net Income 2021: $44,2642021Revenue 2022: $159,977Expenses 2022: $156,037Net Income 2022: $3,9402022Revenue 2023: $178,943Expenses 2023: $164,670Net Income 2023: $14,2732023Revenue 2024: $272,294Expenses 2024: $204,920Net Income 2024: $67,3742024

Highlighted filing

2014

Revenue$215,572
Expenses$205,695
Net Income$9,877
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 30, 2015
Return Version
2014v5.0
Gross Receipts
$218,433
Mission and Program Overview

Mission

Provide low cost flight training to students who are pursuing a career in the flight industry

Flight revenue enabled flying twenty, inc. To hire competent instructional personnel to train flight students entering the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$200,368$217,537▲ $17,169
Land, Buildings, and Equipment, Net$155,680$133,309▼ $22,371
Accounts Receivable$30,504$40,322▲ $9,818
Cash and Non-Interest-Bearing Accounts$7,756$13,017▲ $5,261
Prepaid Expenses and Deferred Charges$3,248$3,248→ $0
Total Assets$397,556$407,433▲ $9,877
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$397,556$407,433▲ $9,877
Total Net Assets Fund Balance$397,556$407,433▲ $9,877
Total Liabilities and Net Assets / Fund Balance$397,556$407,433▲ $9,877

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$133,309$109,773$243,082
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Abhay BoradePresident
Nicholas NemirskyVice-president
Kaan SahbazCommunication
Nick GrathwohlMaintenance
David GillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,481
Program Service Revenue
$183,026
Investment Income
$13,065
Other Revenue
$0
Change in Net Assets
$9,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$22,371--$22,371
Occupancy$17,393--$17,393
Fees for Services Accounting-$9,213-$9,213
Other Expenses$1,693--$1,693
Office Expenses$1,361--$1,361
Total Functional Expenses$196,482$9,213$0$205,695
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Line 11 - the 990 is available for viewing and all memebers are allowed to review during a specified time period before filing.”

Form 990, Part VI, Section C, Line 19

“All information is posted in the office of record and made available upon request.”

Filing and Contact Details

Filer

Filer Name
Flying Twenty Inc
EIN
94-6138241
Phone
4082795088
Address
PO BOX 730338, SAN JOSE, CA 95173-0038

Signing Officer

Name
Abhay Borade
Title
President
Phone
9258196126
Signed
2015-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abhay Borade
Formed
1948
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Boitano Sargent & Lilly Llp
Address
1760 THE ALAMEDA, SAN JOSE, CA 95126-1728
Preparer
H Ogden Lilly
Phone
4082872123
Raw XML Appendix341 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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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0191526
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0215572
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0397556
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0407433
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0397556
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0407433
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0535 MAC ARTHUR AVE
IRS990/USAddress/CityNm0SAN JOSE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095128
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FLYING20.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ABHAY BORADE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09258196126
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLYING TWENTY INC
ReturnHeader/Filer/BusinessNameControlTxt0FLYI
ReturnHeader/Filer/EIN0946138241
ReturnHeader/Filer/PhoneNum04082795088
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 730338
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0951730038
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942186228
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOITANO SARGENT & LILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01760 THE ALAMEDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0951261728
ReturnHeader/PreparerPersonGrp/PhoneNum04082872123
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0H OGDEN LILLY
ReturnHeader/ReturnTs02015-07-09T16:46:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$407,433
Liabilities
$0
Net assets
$407,433
Revenue
$215,572
Expenses
$205,695
Net income
$9,877
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$0.00$5.02$2.72$2.05$0.67
2023Detailed filing. Detailed filing data is available for this year.$4.27$4.27$1.79$1.65$0.14
2022Detailed filing. Detailed filing data is available for this year.$3.82$3.82$1.60$1.56$0.04
2021Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$2.03$1.59$0.44
2020Detailed filing. Detailed filing data is available for this year.$3.84$0.00$3.84$1.92$1.86$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$1.63$1.84$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.44$0.00$3.44$1.32$1.41$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$1.32$1.43$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.91$0.00$3.91$1.51$1.67$0.16
2015Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$1.95$1.91$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$2.16$2.06$0.10
2013Summary only. Only limited summary data is available for this year.$3.98$0.00$1.96$2.53$0.56
2012Summary only. Only limited summary data is available for this year.$4.39$0.00$1.73$1.76$0.03
2011Summary only. Only limited summary data is available for this year.$4.32$0.00$2.46$1.21$1.25
2010Summary only. Only limited summary data is available for this year.$4.27$1.20$1.54$0.97$0.57