The Learning Jet Inc
- Assets
- $409.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/2012
- Data as of
- 12/2019
- EIN
- 45-3507557
Organization Overview
The Learning Jet Inc is located in St Paul, MN. The organization was established in 2012. 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. Learning Jet 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 12/2019, Learning Jet Inc generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (63.1%) each year. All expenses for the organization totaled $45.6k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
OVER THE PAST YEAR, THE LEARNING JET HAS HOSTED OVER 1,700 INDIVIDUALS TO INCLUDE GRADE SCHOOL THROUGH HIGH SCHOOL GIRLS AND BOYS AND SEVERAL PRIVATE MEETINGS. OUR GOAL IS TO GIVE ALL STUDENTS, INCLUDING THOSE WITH DISABILITIES, THE OPPORTUNITY TO LEARN ABOUT STEM SUBJECTS WITH AN EMPHASIS ON AVIATION AND AEROSPACE THEMES. WE HAVE ALSO PARTNERED WITH DELTA AIRLINES AND MINNEAPOLIS COMMUNITY COLLEGE FOR THE USE OF THE LEARNING JET AS A TRAINING AIRPLANE FOR STUDENTS ENROLLED IN THEIR AIRFRAME AND POWERPLANT DEGREE PROGRAM. WE HAVE PROVIDED THE LEARNING JET A BOEING 727 AND A ZENITH 601 AIRCRAFT FOR THOSE STUDENTS TO LEARN AND PRACTICE THEIR SKILLS TOWARD ACQUIRING THEIR FAA CERTIFICATION. THIS YEAR WE COMPLETED THE RENOVATION OF AN ADJACENT HANGAR INTO A MULTI-PURPOSE BUILDING WHICH INCLUDES PERMANENT BATHROOMS, A LARGE CLASSROOM WITH ALL THE AMENITIES, SMALL KITCHENETTE, MAIN OFFICE, ALONG WITH AN IMPROVED HANGAR FOR THE STUDENTS OF ALL AGES TO BE EXPOSED TO THE WORLD OF AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Olson Board Member | 3 | $0 | |
Clint Kummer Board Member | 3 | $0 | |
Jana Webster Board Member | 3 | $0 | |
Mike Madigan Board Member | 3 | $0 | |
Dean Gale Board Member | 3 | $0 | |
Richard Burrock Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,550 |
| Total Program Service Revenue | $13,940 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,509 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $31,566 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,295 |
| Total expenses | $45,561 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,062 |
| Other assets | $0 |
| Total assets | $409,471 |
| Total liabilities | $0 |
| Net assets or fund balances | $409,471 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Learning Jet Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Airport Foundation Msp St Paul, MN PURPOSE: To support aerospace education | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wallin Education Partners St Paul, MN | $25,848,040 | $10,926,258 |
New American Development Center Minneapolis, MN | $3,930,676 | $9,122,032 |
Bluesky Charter School Bloomington, MN | $6,912,497 | $6,906,603 |
Us Math Recovery Council Eagan, MN | $3,296,483 | $6,771,005 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Woodbury Leadership Academy Woodbury, MN | $4,350,331 | $5,912,313 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |
Barr Center St Louis Park, MN | $8,287,138 | $8,108,042 |
Great Mn Schools Minneapolis, MN | $411,897 | $3,619,260 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |
West River Foundation Sturgis, SD | $7,568,333 | $3,921,124 |
Sicangu Owayawa Oti-Rosebud Dormitory Mission, SD | $5,924,789 | $2,325,210 |