Legacy Aviation Learning Center

Tax-deductible

Traverse City, MI501(c)(3)Since 2022EducationEIN 88-2842581Revenue $1.0M in FY2025

On file with the IRSlegacyaviation.org2640 Aero Park Dr, 49686-9103 · Traverse City, MITax-exempt since Jan 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Legacy Aviation Learning Center is primarily organized to operate a faa certified part 147 aircraft mechanic technician school (amts) and serve the general Aviation community as a hub for continuing education; sponsoring the experimental aircaft assocation (eaa), eaa young eagles, and the civil air patrol (cap). Legacy Aviation was created to be a wolrd-class amt school.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 10 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
0 of 3
filings with a surplus
Average deficit $225K a year · 22% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$130K
to officers and key staff · 8% of spending
Top officer’s pay higher than 93% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $53K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
587% of total assets
Concern: liabilities are 587% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-14% vs prior year
Spent
$1.6M
To programs
74%
Net assets
−$1.4M
By yearFY2023–FY2025
Revenue
$1.0M
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2023$760K
FY2024$1.2M
FY2025$1.0M
Expenses
$1.6M
FY2025▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2023$820K
FY2024$1.3M
FY2025$1.6M
Net assets
−$1.4M
FY2025▼ -353%
Tap a bar for its year
Net assets by fiscal year
FY2023−$76K
FY2024−$310K
FY2025−$1.4M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2023.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.2M Management & general 20% · $326K Fundraising 6% · $91K

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

8 people listed on the 990; $130K paid to officers and key staff.

Part VII, Section A · reportable compensation
$130,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Peter Lane’s $130K as CEO is at the 93rd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Peter Lane$130,000$148,233$105,416

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Legacy Aviation Learning Center 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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Trains aircraft mechanics and supports aviation education for the community.

Questions for Legacy Aviation Learning Center

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2025
01

Sponsoring the facilities for the operation of the experimental aircraft association and the civil air patrol chapters in the traverse city area, with an average monthly attendance of 100 unique individuals, spanning ages 8-80 years old, learning about and advancing careers in aviation.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$53K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$5K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$326K
Fundraisingcol D$91K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$289K
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$1.0M
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$280K
Total assetsLn 16$289K
LiabilitiesLn 26$1.7M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$17K$9K
Land, buildings, equipmentLn 10c$299K$280K
Total assetsLn 16$316K$289K
LiabilitiesLn 26$1.2M$1.7M
Net assetsLn 32−$850K−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$556K$350K$175K$31K
Other employee benefitsLn 9$46K$29K$15K$3K
Payroll taxesLn 10$44K$28K$14K$2K
Legal feesLn 11b$7K$7K
Advertising and promotionLn 12$34K$34K
OccupancyLn 16$326K$244K$81K
TravelLn 17$10K$10K
InterestLn 20$100K$75K$25K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$332K$302K$30K
All other expensesLn 24e$109K$84K$25K
Total functional expensesLn 25$1.6M$1.2M$326K$91K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$1.6M−$556K−$1.4M 990 PDF
FY2024 $1.2M$1.3M−$58K−$310K 990 PDF
FY2023 $760K$820K−$60K−$76K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,046,163 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,880$5,126
I-9 Program service revenuePrior year $104,875$1,041,037
I-10 Investment incomePrior year $383$0
I-11 Other revenuePrior year $13,638$0
I-12 Total revenuePrior year $148,776$1,046,163
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $320,037$646,118
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $368,784$956,180
I-18 Total expensesPrior year $688,821$1,602,298
I-19 Revenue less expensesPrior year −$540,045−$556,135
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,046,163 across 4 lines filed
VIII-1f All other contributions, gifts and grants$5,126
VIII-1h Total contributions, gifts and grants$5,126
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,041,037$1,041,037
VIII-12 Total revenueRelated to mission $1,041,037$1,046,163
Part IX · Statement of functional expenses $1,602,298 across 12 lines filed
IX-7 Other salaries and wagesPrograms $350,353 · Management $174,604 · Fundraising $30,812$555,769
IX-9 Other employee benefitsPrograms $29,142 · Management $14,545 · Fundraising $2,567$46,254
IX-10 Payroll taxesPrograms $27,782 · Management $13,866 · Fundraising $2,447$44,095
IX-11b Legal feesManagement $6,675$6,675
IX-12 Advertising and promotionPrograms $33,960$33,960
IX-16 OccupancyPrograms $244,266 · Management $81,422$325,688
IX-17 TravelManagement $9,636$9,636
IX-20 InterestPrograms $74,684 · Management $24,895$99,579
IX-22 Depreciation, depletion and amortizationPrograms $19,084$19,084
IX-23 InsurancePrograms $20,462$20,462
IX-24 Other expenses (24a–d)Programs $301,953 · Fundraising $30,000$331,953
IX-24e All other expensesPrograms $84,052 · Fundraising $25,091$109,143
IX-25 Total functional expensesPrograms $1,185,738 · Management $325,643 · Fundraising $90,917$1,602,298
Part X · Balance sheet $288,690 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $16,680$8,866
X-10c Land, buildings and equipment, netStart of year $298,908$279,824
X-16 Total assetsStart of year $315,588$288,690
X-17 Accounts payable and accrued expensesStart of year $16,362$18,323
X-26 Total liabilitiesStart of year $1,165,858$1,695,095
X-27 Net assets without donor restrictionsStart of year −$850,270−$1,406,405
X-32 Total net assets or fund balancesStart of year −$850,270−$1,406,405
X-33 Total liabilities and net assetsStart of year $315,588$288,690
Part XI · Reconciliation of net assets −$1,406,405 net assets at year end
XI-1 Total revenue$1,046,163
XI-2 Total expenses$1,602,298
XI-3 Revenue less expenses−$556,135
XI-4 Net assets at start of year−$850,270
XI-10 Net assets at end of year−$1,406,405

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

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