Form 990 for tax year 2022
Filed by ASPEN HIGHER LEARNING FLIGHT ACADEMY INC.
Totals
- Total revenue
- $810,888
- Total expenses
- $909,612
- Contributions and grants received
- $136,813
- Grants paid
- $0
- Program service revenue
- $433,182
- Investment income
- $240,893
- Other revenue
- $0
- Total assets, end of year
- $1,324,186
- Total liabilities, end of year
- $1,408,736
- Net assets or fund balances, end of year
- -$84,550
- Program services expenses (Part IX)
- $783,455
- Management and general expenses
- $92,245
- Fundraising expenses
- $33,912
- Program service expenses (Part III)
- $783,455
Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$136,813
-
2a · Program service revenue: AIRCRAFT RENTAL
total $248,970 · related or exempt $248,970
-
2b · Program service revenue: CERTIFIED FLIGHT INSTR
total $161,544 · related or exempt $161,544
-
2c · Program service revenue: SIMULATOR REVENUE
total $10,668 · related or exempt $10,668
-
2f · All other program service revenue
total $12,000 · related or exempt $12,000
-
3 · Investment income
total $33 · unrelated business $33
-
7a · Gross sales of assets other than inventory
other assets $509,500
-
7b · Less cost or other basis and sales expenses
other assets $268,640
-
7c · Gain or loss
other assets $240,860
-
7d · Net gain or loss
total $240,860 · related or exempt $240,860
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $13,792 · management and general $13,792
-
11b · Fees: legal
total $6,270 · management and general $6,270
-
11c · Fees: accounting
total $1,670 · management and general $1,670
-
11g · Fees: other
total $246,073 · program services $246,073
-
12 · Advertising and promotion
total $36,552 · program services $2,640 · fundraising $33,912
-
13 · Office expenses
total $12,891 · management and general $12,891
-
16 · Occupancy
total $28,000 · management and general $28,000
-
17 · Travel
total $4,869 · management and general $4,869
-
19 · Conferences, conventions and meetings
total $8,243 · management and general $8,243
-
20 · Interest
total $52,453 · program services $52,453
-
22 · Depreciation, depletion and amortization
total $419,208 · program services $419,208
-
23 · Insurance
total $56,199 · program services $56,199
-
24a · Other expenses: GENERAL AND ADMINISTRAT
total $16,510 · management and general $16,510
-
24b · Other expenses: BANK LOAN FEES
total $6,882 · program services $6,882
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $222,156 · end of year $249,546
-
10a · Land, buildings and equipment: cost or other basis
$1,599,672
-
10b · Land, buildings and equipment: accumulated depreciation
$527,280
-
10c · Land, buildings and equipment, net
beginning of year $671,600 · end of year $1,072,392
-
15 · Other assets
beginning of year $1,413 · end of year $2,248
-
17 · Accounts payable and accrued expenses
beginning of year $9,982 · end of year $17,039
-
19 · Deferred revenue
beginning of year $8,913 · end of year $12,534
-
23 · Secured mortgages and notes payable
beginning of year $862,100 · end of year $1,379,163
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $14,174 · end of year -$84,550
Mission and programs · 2022
Mission
EMPOWERS YOUTH AND ADULTS TO LEARN THE JOYS AND RESPONSIBILITIES OF FLYING BY PROVIDING STUDENTS WITH CLASSROOM AND FLIGHT TRAINING NEEDED TO PILOT AIRCRAFT.
-
PROVIDE THE EQUIPMENT AND SERVICES FOR AERONAUTIC EDUCATION
Expenses $783,455 · Revenue $674,042
As filed on the 2022 return.
Listed in Part VII
-
Micheal PearceMICHEAL PEARCE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff PoseyJEFF POSEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andrew DoremusANDREW DOREMUS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rob HoltonROB HOLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rob SchererROB SCHERER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jim BrunoJIM BRUNO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jon KellyJON KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert SchererROBERT SCHERER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jonathan JonesJONATHAN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Shelly SimiSHELLY SIMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Bill WhiteBILL WHITE
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301669349300010
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