School Of Missionary Aviation Technology
- Assets
- $3.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Ionia, MI
- Founding
- 10/1997
- Data as of
- 08/2022
- EIN
- 38-3364284
Organization Overview
School Of Missionary Aviation Technology is located in Ionia, MI. The organization was established in 1997. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2022, School Of Missionary Aviation Technology employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Of Missionary Aviation Technology 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 08/2022, School Of Missionary Aviation Technology generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.5m during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GLORIFY GOD BY PROVIDING PROFESSIONAL AVIATION TRAINING TO A HIGH STANDARD THAT EQUIPS INDIVIDUALS TO SERVE GOD AND OTHERS THROUGH AVIATION.
Describe the Organization's Program Activity:
PURPOSE IS TO TRAIN STUDENTS IN AVIATION MAINTENANCE AND FLIGHT SCHOOL TO OBTAIN THEIR FAA LICENSES. TWENTY-NINE STUDENTS GRADUATED IN AUGUST 2021 WITH THIRTY-TWO BEGINNING COURSE WORK FOR THE SCHOOL YEAR BEGINNING IN AUGUST 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Yoder President/ce | Officer | 40 | $88,912 |
Jack Befus Chairman | Officer | 8 | $0 |
Robert Damaske Vice Chairma | Officer | 8 | $0 |
Jeff Gillesse Treasurer | Officer | 8 | $0 |
Mark Kotlarczyk Secretary | Officer | 8 | $0 |
Kirk T Bajdek Member | Trustee | 6 | $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 | $175,533 |
| Noncash contributions included in lines 1a–1f | $65,215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,533 |
| Total Program Service Revenue | $1,298,229 |
| Investment income | $978 |
| 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 | $1,502,882 |
| 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. | $88,912 |
| Compensation of current officers, directors, key employees. | $28,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,117 |
| Pension plan accruals and contributions | $12,000 |
| Other employee benefits | $14,015 |
| Payroll taxes | $40,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,748 |
| Advertising and promotion | $27,255 |
| Office expenses | $25,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,516 |
| Travel | $12,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $824 |
| Interest | $6,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,227 |
| Insurance | $86,192 |
| All other expenses | $190,640 |
| Total functional expenses | $1,472,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $599,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,385 |
| 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 | $13,572 |
| Net Land, buildings, and equipment | $2,432,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,000 |
| Total assets | $3,274,980 |
| Accounts payable and accrued expenses | $42,195 |
| Grants payable | $0 |
| Deferred revenue | $288,717 |
| 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 | $134,436 |
| Other liabilities | $0 |
| Total liabilities | $465,348 |
| Net assets without donor restrictions | $2,740,319 |
| Net assets with donor restrictions | $69,313 |
| 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 | $3,274,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that School Of Missionary Aviation Technology has recieved totaling $625.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: RELIGIOUS | | $625 |