Southern California Soaring Academy Inc
- Assets
- $1.2m
- Revenue
- $428.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Valencia, CA
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 26-4006234
Organization Overview
Southern California Soaring Academy Inc is located in Valencia, CA. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Southern California Soaring Academy Inc 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 12/2023, Southern California Soaring Academy Inc generated $428.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $559.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOARING ACADEMY'S TWO GOALS ARE TO PROVIDE OUR COUNTRY'S WOUNDED SERVICE MEMBERS AN EMPOWERING SOARING FLIGHT THAT UNLOCKS POTENTIAL AND RESRORES SELF CONFIDENCE AND TO DEVELOP AND PROVIDE STEM EDUCATION AND FLIGHT OPPORTUNITIES TO TEACHERS AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ACCOMPLISHMENTS FOR 2023 INCLUDED:WARRIORS SOAR - OUR MONTHLY PRIVATE FLY-DAY PLUS LUNCH FOR VETERANS DEALING WITH PTSD AND OTHER CHALLENGES CONTINUED TO BE A BEACON OF HOPE. DURING 2023 WE PARTNERED WITH WEST LA VA, LOMA LINDA VA, LONG BEACH VA AND HIGHER GROUND USA. THE PEACE AND ADRENALINE RUSH FROM SOARING WITHOUT AN ENGINE LEAVES VETERANS WITH A SENSE OF HAPPINESS THAT FOR MANY SEEMED UNATTAINABLE UNTIL THIS FLIGHT. IZZY, FORMER ARMY, "SEEING THINGS FROM UP THERE AT THAT VANTAGE POINT HELPED ME UNDERSTAND THAT MY PROBLEMS AS I PREVIOUSLY SAW THEM ARE NOT SO BIG!" I'M SO APPRECIATIVE OF THIS EXPERIENCE". "I FEEL BETTER, I FEEL LIKE A BETTER PERSON" A GREAT MENTAL THERAPY AND I FELT A WHOLE BUNCH OF GRATITUDE." OVER 170+ VETERANS PARTICIPATED IN 2023.
GLIDER-STEM - OUR OUTREACH TO TEENS: WE HOSTED AN LOS ANGELES BASED IRVINE STEM MAGNET SCHOOL WHERE MIDDLE SCHOOLORS HAD A GLIDER DAY AT THEIR SCHOOL FOLLOWED BY A FLY-DAY FORTHE CLASS IN APRIL 2023. WE ALSO HOSED 30+ AT RISK TEENS FROM THE JUNIOR-CADET PROGRAM AT THE LAPD WHO FLEW WITH US DURING THEIR GROUP FLY-DAY AFTER THEY PARTICIPATED IN AN AVIATION WORKSHOP THAT WE HELD AT WHITEMAN AIRPORT IN LOS ANGELES. OUT OF THE CLASS ONE OF THE STUDENTS IS NOW A REGULAR FLIGHT STUDENT AND IS APPLYING FOR SOLO SCHOLARSHIPS TOWARDS HIS PRIVATE PILOT RATING. WE ALSO HOSTED SCOUTING GROUPS, EXPLORER GROUPS AND A 4-H GROUP FOR FIELD TRIPS AND DEMONSTRATIONS, LEARNING ABOUT AERONAUTICS, AND CAREER PATHS AS WELL AS GETTING TO TAKE THE CONTROLS UP IN THE AIR AND LOG IN THEIR FIRST FLIGHT INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Bennett President | OfficerTrustee | 50 | $60,000 |
Julie C Bennett Treasurer | OfficerTrustee | 48 | $45,000 |
Robert J Evans Director | Trustee | 2 | $0 |
Stephen DE La Cruz Director | Trustee | 8 | $0 |
Robbert A Van Valer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,534 |
| Total Program Service Revenue | $305,878 |
| Investment income | $7,039 |
| 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 | $428,796 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,161 |
| Office expenses | $20,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,776 |
| 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 | $45,013 |
| Insurance | $59,589 |
| All other expenses | $41,134 |
| Total functional expenses | $559,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,637 |
| Savings and temporary cash investments | $640,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $134,578 |
| Investments—publicly traded securities | $447,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,224,536 |
| Accounts payable and accrued expenses | $893 |
| 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 | $893 |
| Net assets without donor restrictions | $0 |
| 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 | $1,223,643 |
| Total liabilities and net assets/fund balances | $1,224,536 |