Kiddie Hawk Air Academy
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Littleton, CO
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 84-1482078
Organization Overview
Kiddie Hawk Air Academy is located in Littleton, CO. The organization was established in 1999. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2022, Kiddie Hawk Air Academy employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiddie Hawk Air Academy 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 12/2022, Kiddie Hawk Air Academy generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSTILL IN CHILDREN FROM 3 TO 9 YEARS OF AGE AN INTEREST IN AND APPRECIATION OF AVIATION THAT WILL CARRY THROUGH INTO THEIR ADULT YEARS
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITING HOSPITALS, MUSEUMS, AIRSHOWS AND OTHER PUBLIC EVENTS TO COMPLIMENT OTHER PROGRAMS DESIGNED FOR OLDER CHILDREN. VISITING PRESCHOOLS, KINDERGARTEN AND EARLY ELEMENTARY SCHOOLS AND PRESENTING AN INTEGRATED PROGRAM OF EDUCATION ABOUT AVIATION, INCLUDING PARTS OF AN AIRPLANE, BASIC PRINCIPLES OF FLIGHT, AVIATION HISTORY, GEOGRAPHY, CIVICS AND CAREER PLANNING AS THEY RELATE TO AVIATION.
VISITING HOSPITALS, MUSEUMS, AIRSHOWS AND OTHER PUBLIC EVENTS TO COMPLIMENT OTHER PROGRAMS DESIGNED FOR OLDER CHILDREN. VISITING PRESCHOOLS, KINDERGARTEN AND EARLY ELEMENTARY SCHOOLS AND PRESENTING AN INTEGRATED PROGRAM OF EDUCATION ABOUT AVIATION, INCLUDING PARTS OF AN AIRPLANE, BASIC PRINCIPLES OF FLIGHT, AVIATION HISTORY, GEOGRAPHY, CIVICS AND CAREER PLANNING AS THEY RELATE TO AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Lips President | OfficerTrustee | 20 | $24,678 |
Kellen Lips Treasurer | OfficerTrustee | 20 | $27,698 |
Stacy Elsner Secretary | OfficerTrustee | 1 | $0 |
Andrew Middleton Board Of Dir | Trustee | 1 | $0 |
Sarah Marcy Board Of Dir | Trustee | 1 | $0 |
Bill Marcy Board Of Dir | 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 | $1,328,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,328,509 |
| Total Program Service Revenue | $0 |
| Investment income | $490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$102,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,531 |
| 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. | $52,376 |
| Compensation of current officers, directors, key employees. | $4,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,290 |
| Advertising and promotion | $1,404 |
| Office expenses | $23,750 |
| Information technology | $4,022 |
| Royalties | $0 |
| Occupancy | $15,762 |
| Travel | $168,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $748,087 |
| Interest | $14,170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,806 |
| Insurance | $3,676 |
| All other expenses | $0 |
| Total functional expenses | $1,309,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,688 |
| Savings and temporary cash investments | $0 |
| 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 | $230,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,007,320 |
| Accounts payable and accrued expenses | $0 |
| 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 | $484,121 |
| Other liabilities | $50,724 |
| Total liabilities | $534,845 |
| Net assets without donor restrictions | $472,475 |
| 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 | $1,007,320 |