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Aspen Higher Learning Flight Academy INC

Tax-deductible

Aspen, CO501(c)(3)Since 2014Education EIN 47-0976234Revenue $1.3M in FY2025

On file with the IRSaspenflightacademy.orgPo Box 4628, 81612-4628 · Aspen, COTax-exempt since Mar 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Empowers youth and adults to learn the joys and responsibilities of flying by providing students with classroom and Flight training needed to pilot aircraft.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $63K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+21% vs prior year
Spent
$1.4M
To programs
92%
Net assets
$154K
By yearFY2020–FY2025
Revenue
$1.3M
FY2025▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$652K
FY2021$371K
FY2022$811K
FY2023$1.4M
FY2024$1.1M
FY2025$1.3M
Expenses
$1.4M
FY2025▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$367K
FY2021$467K
FY2022$910K
FY2023$975K
FY2024$1.1M
FY2025$1.4M
Net assets
$154K
FY2025▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$110K
FY2021$14K
FY2022−$85K
FY2023$307K
FY2024$240K
FY2025$154K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.3M Management & general 8% · $109K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Carrie Ford
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aspen Higher Learning Flight Academy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supplies flight equipment and services for affordable charitable flight training.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2025
01

Provide the equipment and services for aeronautic education.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
World Brain Forum FoundationFY2025$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $217K · 2024–2025
Unitemized GrantFY2025$154,368
Unitemized GrantFY2024$62,307

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$582K
Investment incomeLn 3$329K
Gifts and grantsLn 1h$328K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$109K
Owns and owesPt X
$154K
net assets · Ln 32
Cash and savingsLn 1–2$646K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Fees for servicesLn 2g$582K
Investment incomeLn 3$329K
Other incomeLn 4–11$101K
Gains on assetsLn 7$325K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$646K
Cash and savings togetherLn 1–2$646K
InvestmentsLn 11–13$15K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$9K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.8M
Net assetsLn 32$154K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$690K$646K
InvestmentsLn 11–13$12K$15K
Land, buildings, equipmentLn 10c$1.6M$2.3M
Total assetsLn 16$2.3M$3.0M
LiabilitiesLn 26$2.1M$2.8M
Net assetsLn 32$240K$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$154K$154K
Other salaries and wagesLn 7$63K$63K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$6K$6K
Management feesLn 11a$12K$12K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$21K$21K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$49K$27K$23K
Information technologyLn 14$7K$7K
OccupancyLn 16$34K$34K
TravelLn 17$10K$10K
InterestLn 20$125K$120K$5K
Depreciation, depletion and amortizationLn 22$424K$424K
InsuranceLn 23$151K$151K
Other expenses (24a–d)Ln 24$324K$320K$4K
Total functional expensesLn 25$1.4M$1.3M$109K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.4M−$83K$154K 990 PDF
FY2024 $1.1M$1.1M−$20K$240K 990 PDF
FY2023 $1.4M$975K$392K$307K 990 PDF
FY2022 $811K$910K−$99K−$85K 990 PDF
FY2021 $371K$467K−$96K$14K 990 PDF
FY2020 $652K$367K$284K$110K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,340,676 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $144,564$328,014
I-9 Program service revenuePrior year $435,123$582,436
I-10 Investment incomePrior year $152,790$329,150
I-11 Other revenuePrior year $378,688$101,076
I-12 Total revenuePrior year $1,111,165$1,340,676
I-13 Grants and similar amounts paidPrior year $62,307$154,368
I-14 Benefits paid to membersPrior year $4,529$0
I-15 Salaries and benefitsPrior year $0$73,534
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,064,685$1,196,232
I-18 Total expensesPrior year $1,131,521$1,424,134
I-19 Revenue less expensesPrior year −$20,356−$83,458
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,340,676 across 7 lines filed
Lines not itemized here account for $50 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$328,014
VIII-1h Total contributions, gifts and grants$328,014
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $582,386$582,386
VIII-3 Investment incomeRelated to mission $4,211$4,211
VIII-7 Net gain or loss on sales of assetsRelated to mission $324,939$324,939
VIII-8 Net income from fundraising eventsExcluded from tax $101,076$101,076
VIII-12 Total revenueRelated to mission $911,586 · Unrelated business $0 · Excluded from tax $101,076$1,340,676
Part IX · Statement of functional expenses $1,424,134 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $154,368$154,368
IX-7 Other salaries and wagesPrograms $62,619$62,619
IX-9 Other employee benefitsPrograms $5,000$5,000
IX-10 Payroll taxesPrograms $5,915$5,915
IX-11a Management feesManagement $12,098$12,098
IX-11b Legal feesManagement $26,434$26,434
IX-11c Accounting feesManagement $21,280$21,280
IX-12 Advertising and promotionPrograms $12,320$12,320
IX-13 Office expensesPrograms $26,604 · Management $22,607$49,211
IX-14 Information technologyManagement $6,859$6,859
IX-16 OccupancyPrograms $33,576$33,576
IX-17 TravelManagement $10,323$10,323
IX-20 InterestPrograms $120,206 · Management $4,895$125,101
IX-22 Depreciation, depletion and amortizationPrograms $423,632$423,632
IX-23 InsurancePrograms $151,105$151,105
IX-24 Other expenses (24a–d)Programs $320,252 · Management $4,041$324,293
IX-25 Total functional expensesPrograms $1,315,597 · Management $108,537 · Fundraising $0$1,424,134
Part X · Balance sheet $2,953,852 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $690,425$646,418
X-10c Land, buildings and equipment, netStart of year $1,614,141$2,283,340
X-11 Publicly traded securitiesStart of year $12,402$14,986
X-15 Other assetsStart of year $2,248$9,108
X-16 Total assetsStart of year $2,319,216$2,953,852
X-17 Accounts payable and accrued expensesStart of year $5,232$2,826
X-19 Deferred revenueStart of year $160$160
X-26 Total liabilitiesStart of year $2,079,234$2,800,085
X-32 Total net assets or fund balancesStart of year $239,982$153,767
X-33 Total liabilities and net assetsStart of year $2,319,216$2,953,852
Part XI · Reconciliation of net assets $153,767 net assets at year end
XI-1 Total revenue$1,340,676
XI-2 Total expenses$1,424,134
XI-3 Revenue less expenses−$83,458
XI-4 Net assets at start of year$239,982
XI-5 Net unrealized gains (losses) on investments−$2,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$153,767

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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