Civic Intelligence

Air Spacers Inc

990 • Fiscal year 2015 • EIN 95-2599720

Jan 01, 2015 to Dec 31, 2015 • Filed on May 09, 2016

Organization ProfileWWW.AIRSPACERS.COM
3025 Airport Ave 11Santa Monica, CA 90405

(310) 348-8472

Siviq Scores

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

Liabilities / Assets

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.90x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Net Margin

6th percentile

-25%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2015 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2015

Asset Growth

89th percentile

24%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

28th percentile

-3.6%

Faster revenue growth than 28% of similar nonprofits.

2015 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$548,509

Up $106,922 (+24%) from 2014

Net Assets

Down

$403,317

Down $31,032 (-7.1%) from 2014

Liabilities

Up

$145,192

Up $137,954 (+1906%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin6th percentile

Revenue

Down

$161,429

Down $5,975 (-3.6%) from 2014

Expenses

Down

$202,230

Down $8,069 (-3.8%) from 2014

Net Income

Up

-$40,801

Up $2,094 (+4.9%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $433,749Liabilities 2011: $118,8412011Assets 2012: $430,779Liabilities 2012: $3262012Assets 2013: $485,670Liabilities 2013: $18,808Net Assets 2013: $466,8622013Assets 2014: $441,587Liabilities 2014: $7,238Net Assets 2014: $434,3492014Assets 2015: $548,509Liabilities 2015: $145,192Net Assets 2015: $403,3172015Assets 2016: $527,128Liabilities 2016: $121,092Net Assets 2016: $406,0362016Assets 2017: $548,039Liabilities 2017: $114,300Net Assets 2017: $433,7392017Assets 2018: $528,067Liabilities 2018: $98,102Net Assets 2018: $429,9652018Assets 2019: $533,556Liabilities 2019: $70,568Net Assets 2019: $462,9882019Assets 2020: $681,150Liabilities 2020: $220,300Net Assets 2020: $460,8502020Assets 2021: $887,269Liabilities 2021: $365,231Net Assets 2021: $522,0382021Assets 2022: $932,833Liabilities 2022: $357,184Net Assets 2022: $575,6492022Assets 2023: $945,293Liabilities 2023: $332,857Net Assets 2023: $612,4362023Assets 2024: $1,078,462Liabilities 2024: $319,948Net Assets 2024: $758,5142024

Highlighted filing

2015

Assets$548,509
Liabilities$145,192
Net Assets$403,317
Open 2015 Filing

Operations Trend

Revenue Growth28th percentile

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

$400K$200K$0-$200KRevenue 2011: $174,782Expenses 2011: $175,999Net Income 2011: -$1,2172011Revenue 2012: $140,342Expenses 2012: $150,065Net Income 2012: -$9,7232012Revenue 2013: $214,496Expenses 2013: $187,339Net Income 2013: $27,1572013Revenue 2014: $167,404Expenses 2014: $210,299Net Income 2014: -$42,8952014Revenue 2015: $161,429Expenses 2015: $202,230Net Income 2015: -$40,8012015Revenue 2016: $201,678Expenses 2016: $196,928Net Income 2016: $4,7502016Revenue 2017: $231,163Expenses 2017: $206,104Net Income 2017: $25,0592017Revenue 2018: $240,809Expenses 2018: $248,741Net Income 2018: -$7,9322018Revenue 2019: $298,238Expenses 2019: $261,346Net Income 2019: $36,8922019Revenue 2020: $338,550Expenses 2020: $340,688Net Income 2020: -$2,1382020Revenue 2021: $360,043Expenses 2021: $307,911Net Income 2021: $52,1322021Revenue 2022: $350,185Expenses 2022: $281,450Net Income 2022: $68,7352022Revenue 2023: $351,812Expenses 2023: $337,475Net Income 2023: $14,3372023Revenue 2024: $347,421Expenses 2024: $240,502Net Income 2024: $106,9192024

Highlighted filing

2015

Revenue$161,429
Expenses$202,230
Net Income-$40,801
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 9, 2016
Return Version
2015v2.0
Gross Receipts
$161,429
Mission and Program Overview

Mission

Not for profit aircraft flying club.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$116,520-
Cash and Non-Interest-Bearing Accounts$148,441$44,129▼ $104,312
Accounts Receivable$10,447$10,479▲ $32
Prepaid Expenses and Deferred Charges$1,203$0▼ $1,203
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$441,587$548,509▲ $106,922
Other Assets Total$281,496$377,381▲ $95,885
Liabilities
Mortgage Notes Payable Secured by Investment Property-$125,554-
Accounts Payable and Accrued Expenses$1,994$10,248▲ $8,254
Other Liabilities$5,244$9,390▲ $4,146
Total Liabilities$7,238$145,192▲ $137,954
Net Assets / Fund Balance
Unrestricted Net Assets$434,349$403,317▼ $31,032
Total Net Assets Fund Balance$434,349$403,317▼ $31,032
Total Liabilities and Net Assets / Fund Balance$441,587$548,509▲ $106,922

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$377,381--
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Randy SteinMaint Chairman
Suneil NyamathiMember Chair
Bob CummingSafety Chairman
Charles AxilbundPresident
Mark WalkerVice President
Bob CarmodySecretary
Adam RosensteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$161,394
Investment Income
$35
Other Revenue
$0
Change in Net Assets
$-40,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,230
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
All Other Expenses$16,770--$16,770
Other Expenses$6,757--$6,757
Insurance$5,304--$5,304
Interest$3,580--$3,580
Fees for Services Accounting$1,000--$1,000
Total Functional Expenses$202,230$0$0$202,230
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Landing Fees Collection$4,900
Credit Card Payable$4,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“Return is reviewed by treasurer and approved by the board before filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Air Spacers Inc
EIN
95-2599720
Phone
3103488472
Address
3025 AIRPORT AVE 11, SANTA MONICA, CA 90405

Signing Officer

Name
Adam Rosenstein
Title
Treasurer
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Weir and Fecht
Address
21031 Ventura Blvd Ste 419, Woodland Hills, CA 91364
Preparer
Janne Fecht
Phone
8187100900
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES:MEMBER EQUITY INCREASES $9,769RECONCILIATION OF NET ASSETS OR FUND BALANCES:NET ASSETS OR FUND BALANCES 1/1/15 $434,349MEMBER EQUITY INCREASES 9,7692015 REVENUES LESS EXPENSES (40,801) -------TOTAL NET ASSETS OR FUND BALANCES 12/31/15 $403,317 ========”

Client Note 2

“Client Note 2 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES:MEMBER EQUITY INCREASES $9,769RECONCILIATION OF NET ASSETS OR FUND BALANCES:NET ASSETS OR FUND BALANCES 1/1/15 $434,349MEMBER EQUITY INCREASES 9,7692015 REVENUES LESS EXPENSES (40,801) -------TOTAL NET ASSETS OR FUND BALANCES 12/31/15 $403,317 ========”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Member equity increases = $9769”

Raw XML Appendix353 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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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0377381
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CAPITAL ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LANDING FEES COLLECTION
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0377381
IRS990ScheduleD/TotalLiabilityAmt09390
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Client Note 1 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES:MEMBER EQUITY INCREASES $9,769RECONCILIATION OF NET ASSETS OR FUND BALANCES:NET ASSETS OR FUND BALANCES 1/1/15 $434,349MEMBER EQUITY INCREASES 9,7692015 REVENUES LESS EXPENSES (40,801) -------TOTAL NET ASSETS OR FUND BALANCES 12/31/15 $403,317 ========
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Client Note 2 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES:MEMBER EQUITY INCREASES $9,769RECONCILIATION OF NET ASSETS OR FUND BALANCES:NET ASSETS OR FUND BALANCES 1/1/15 $434,349MEMBER EQUITY INCREASES 9,7692015 REVENUES LESS EXPENSES (40,801) -------TOTAL NET ASSETS OR FUND BALANCES 12/31/15 $403,317 ========
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN IS REVIEWED BY TREASURER AND APPROVED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBER EQUITY INCREASES = $9769
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Client Note 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0441587
IRS990/TotalAssetsEOYAmt0548509
IRS990/TotalAssetsGrp/BOYAmt0441587
IRS990/TotalAssetsGrp/EOYAmt0548509
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202230
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07238
IRS990/TotalLiabilitiesEOYAmt0145192
IRS990/TotalLiabilitiesGrp/BOYAmt07238
IRS990/TotalLiabilitiesGrp/EOYAmt0145192
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0434349
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0403317
IRS990/TotalProgramServiceRevenueAmt0161394
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0161429
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161429
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0441587
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0548509
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0434349
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0403317
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.AIRSPACERS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM ROSENSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AIR SPACERS INC
ReturnHeader/Filer/BusinessNameControlTxt0AIRS
ReturnHeader/Filer/EIN0952599720
ReturnHeader/Filer/PhoneNum03103488472
ReturnHeader/Filer/USAddress/AddressLine1Txt03025 AIRPORT AVE 11
ReturnHeader/Filer/USAddress/CityNm0SANTA MONICA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090405
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Weir and Fecht
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021031 Ventura Blvd Ste 419
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Woodland Hills
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091364
ReturnHeader/PreparerPersonGrp/PhoneNum08187100900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANNE FECHT
ReturnHeader/ReturnTs02016-05-09T12:07:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$548,509
Liabilities
$145,192
Net assets
$403,317
Revenue
$161,429
Expenses
$202,230
Net income
-$40,801
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.32$0.76$0.35$0.24$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.33$0.61$0.35$0.34$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.36$0.58$0.35$0.28$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.89$0.37$0.52$0.36$0.31$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.22$0.46$0.34$0.34$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.07$0.46$0.30$0.26$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.10$0.43$0.24$0.25$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.11$0.43$0.23$0.21$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.12$0.41$0.20$0.20$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.15$0.40$0.16$0.20$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.17$0.21$0.04
2013Summary only. Only limited summary data is available for this year.$0.49$0.02$0.47$0.21$0.19$0.03
2012Summary only. Only limited summary data is available for this year.$0.43$0.00$0.14$0.15$0.01
2011Summary only. Only limited summary data is available for this year.$0.43$0.12$0.17$0.18$0.00