National Intercollegiate Flying Association
- Assets
- $147.4k
- Revenue
- $83.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 08/1998
- Data as of
- 06/2021
- EIN
- 23-7421636
Organization Overview
National Intercollegiate Flying Association is located in Chattanooga, TN. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Intercollegiate Flying Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, National Intercollegiate Flying Association generated $83.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $105.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL INTERCOLLEGIATE FLYING ASSOCIATION WAS FORMED FOR THE PURPOSES OF DEVELOPING AND ADVANCING AVIATION EDUCATION; TO PROMOTE, ENCOURAGE AND FOSTER SAFETY IN AVIATION; TO PROMOTE AND FOSTER COMMUNICATIONS AND COOPERATION BETWEEN AVIATION STUDENTS, EDUCATORS, EDUCATIONAL INSTITUTIONS AND THE AVIATION INDUSTRY; AND TO PROVIDE AN ARENA FOR COLLEGIATE AVIATION COMPETITION.
Describe the Organization's Program Activity:
CONDUCTED FLIGHT SAFETY EVALUATION CONFERENCES AND AIRSHOWS THROUGHOUT THE COUNTRY. THESE CONFERENCES AND AIRSHOWS DEVELOP AND ADVANCE AVIATION EDUCATION; PROMOTE, ENCOURAGE AND FOSTER SAFETY IN AVAITION; PROMOTE AND FOSTER COMMUNICATION BETWEEN AVIATION STUDENTS, EDUCATORS, EDUCATIONAL INSTITUTIONS AND THE AVIATION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Stiffler Treasurer | OfficerTrustee | 1 | $0 |
Marty Coaker Chairman | OfficerTrustee | 1 | $0 |
Andrew Ross Secretary | OfficerTrustee | 1 | $0 |
Erich Hess Vice Chairman | OfficerTrustee | 1 | $0 |
Taylor Newman Executive Director | Officer | 40 | $0 |
Jared Testa Director Of Technology | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,821 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,404 |
| Total Program Service Revenue | $27,687 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $78,792 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300 |
| Insurance | $17,282 |
| All other expenses | $40 |
| Total functional expenses | $105,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,689 |
| Savings and temporary cash investments | $119,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,625 |
| Total assets | $147,436 |
| Accounts payable and accrued expenses | $58,625 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,625 |
| Net assets without donor restrictions | $88,811 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $147,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Intercollegiate Flying Association has recieved totaling $51.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
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Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |