Civic Intelligence

Flying Twenty Inc.

990EZ • Fiscal year 2023 • EIN 94-6138241

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 19, 2024

Organization Profilewww.flying20.com
PO Box 730338San Jose, CA 95173

(408) 307-7442

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

59th percentile

8.0%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

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

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$426,845

Up $44,587 (+12%) from 2022

Net Assets

Up

$426,845

Up $44,587 (+12%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin59th percentile

Revenue

Up

$178,943

Up $18,966 (+12%) from 2022

Expenses

Up

$164,670

Up $8,633 (+5.5%) from 2022

Net Income

Up

$14,273

Up $10,333 (+262%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2023

Assets$426,845
Liabilities-
Net Assets$426,845
Open 2023 Filing

Operations Trend

Revenue Growth58th 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

2023

Revenue$178,943
Expenses$164,670
Net Income$14,273
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 19, 2024
Return Version
2023v5.1
Gross Receipts
$181,584
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
PROVIDE LOW COST FLIGHT TRAINING TO STUDENTS WHO ARE PURSUING A CAREER IN THE FLIGHT INDUSTRY.-$146,992
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nhat DoanPresidentPT$0--
Juan HernandezTreasurerPT$0--
Sierra Brannon YoungVice PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Flying Twenty Inc
EIN
94-6138241
Phone
4083077442
Address
PO Box 730338, San Jose, CA 95173

Signing Officer

Name
Nhat Doan
Title
President
Signed
2024-09-19
Discuss with paid preparer
Yes

Preparer

Firm
James Wai CPA
Address
950 John Daly Blvd Ste 200, Daly City, CA 94015
Preparer
Chin P Wai
Phone
4158124249
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $4077”

Other Expenses.1005

“Travel $240”

Other Expenses.1009

“Depreciation $13990”

Other Expenses.1012

“Insurance $24634”

Other Expenses.1

“Maintenance $61676”

Other Expenses.2

“Fuel $28631”

Other Expenses.3

“Property taxes $2441”

Other Assets.1003

“Machinery and Equipment - Beginning $69864 Machinery and Equipment - Ending $116874”

Raw XML Appendix179 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/PersonNm0Nanci Trent
IRS990EZ/BooksInCareOfDetail/PhoneNum04083077442
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 730338
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0San Jose
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095173
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0312394
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0309971
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt02641
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt014273
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt014525
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0382258
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0426845
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0273
IRS990EZ/GrossReceiptsAmt0181584
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01246
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0382258
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0426845
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0382258
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0426845
IRS990EZ/OccupancyRentUtltsAndMaintAmt014456
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Nhat Doan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Juan Hernandez
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Sierra Brannon Young
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt069864
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0116874
IRS990EZ/OtherChangesInNetAssetsAmt030314
IRS990EZ/OtherExpensesTotalAmt0135689
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE LOW COST FLIGHT TRAINING TO STUDENTS WHO ARE PURSUING A CAREER IN THE FLIGHT INDUSTRY
IRS990EZ/ProgramServiceRevenueAmt0177424
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE LOW COST FLIGHT TRAINING TO STUDENTS WHO ARE PURSUING A CAREER IN THE FLIGHT INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0146992
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt02914
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0164670
IRS990EZ/TotalProgramServiceExpensesAmt0146992
IRS990EZ/TotalRevenueAmt0178943
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.flying20.com
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt024839
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt020939
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt025442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt025945
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt08783
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0105948
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01478
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt027514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt023251
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022611
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt089615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0152584
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0123809
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0150431
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0153232
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0131187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0711243
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01478
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt027514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt023251
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022611
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt089615
IRS990ScheduleA/InvestmentIncomeCYPct00.09880
IRS990ScheduleA/InvestmentIncomePYPct00.11970
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90120
IRS990ScheduleA/PublicSupportPY509Pct00.88030
IRS990ScheduleA/PublicSupportTotal509Amt0817191
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0177423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0144748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0175873
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0179177
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0139970
IRS990ScheduleA/Total509Grp/TotalAmt0817191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0178901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0159509
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0203387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0202428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0162581
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0906806
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $4077
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $240
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $13990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $24634
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Maintenance $61676
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fuel $28631
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Property taxes $2441
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Machinery and Equipment - Beginning $69864 Machinery and Equipment - Ending $116874
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1003
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nhat Doan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLYING TWENTY INC
ReturnHeader/Filer/BusinessNameControlTxt0FLYI
ReturnHeader/Filer/EIN0946138241
ReturnHeader/Filer/PhoneNum04083077442
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 730338
ReturnHeader/Filer/USAddress/CityNm0San Jose
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095173
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274620823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0James Wai CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0950 John Daly Blvd Ste 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Daly City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094015
ReturnHeader/PreparerPersonGrp/PhoneNum04158124249
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Chin P Wai
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-09-19T14:31:54-07:00
ReturnHeader/ReturnTypeCd0990EZ
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
$426,845
Liabilities
-
Net assets
$426,845
Revenue
$178,943
Expenses
$164,670
Net income
$14,273
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