Alabama Aerospace And Aviation Schools Inc
- Assets
- $3.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Bessemer, AL
- Founding
- Data as of
- 09/2023
- EIN
- 84-3820962
Organization Overview
Alabama Aerospace And Aviation Schools Inc is located in Bessemer, AL. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 09/2023, Alabama Aerospace And Aviation Schools Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Aerospace And Aviation Schools 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 09/2023, Alabama Aerospace And Aviation Schools Inc generated $3.5m in total revenue. All expenses for the organization totaled $3.7m during the year ending 09/2023. While expenses have increased by 112.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AT ALABAMA AEROSPACE AND AVIATION HIGH SCHOOL, WE ARE EDUCATING AND INSPIRING THE AVIATION AND AEROSPACE LEADERS OF TOMORROW. AS AN AVIATION-FOCUSED PUBLIC CHARTER SCHOOL, WE OFFER A FUTURE-BUILDING, CAREER AND COLLEGE FOCUSED EDUCATION. WE STRIVE TO CREATE CLEARLY-DEFINED PATHWAYS FOR OUR DIVERSE STUDENT BODY TO ENTER AVIATION AND AEROSPACE CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OFFERS A UNIQUE, CAREER-FOCUSED CURRICULUM DESIGNED TO GIVE STUDENTS A DIRECT PATH TO THE AVIATION INDUSTRY AND AN ADVANCED STEM EDUCATION IN AN INTENTIONALLY DIVERSE SCHOOL COMMUNITY. THROUGH OURRIGOROUS, IMMERSIVE, AND INDUSTRY-ALIGNED INSTRUCTION, WE ARE GIVING OUR STUDENTS THE SKILLS, CURIOSITY, AND INSPIRATION TO PURSUE CAREERS THAT WILL CHALLENGE AND REWARD THEM PROFESSIONALLY AND PERSONALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney French Vice Chair | Trustee | 5 | $0 |
Rj Smith Treasurer | Trustee | 5 | $0 |
Charles Knight Chair | Trustee | 5 | $0 |
Auri Brown Secretary | Trustee | 5 | $0 |
Scott Underwood Board Member | Trustee | 5 | $0 |
Tramayne Russell Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,973,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,527,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,500,741 |
| Total Program Service Revenue | $5,189 |
| 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 | $3,538,270 |
| 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. | $250,425 |
| Compensation of current officers, directors, key employees. | $30,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,100,236 |
| Pension plan accruals and contributions | $418,522 |
| Other employee benefits | $47,918 |
| Payroll taxes | $108,170 |
| Fees for services: Management | $103,786 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $103,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $445,014 |
| Advertising and promotion | $82,089 |
| Office expenses | $20,749 |
| Information technology | $247,897 |
| Royalties | $0 |
| Occupancy | $123,867 |
| Travel | $59,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,006 |
| Insurance | $28,255 |
| All other expenses | $77,849 |
| Total functional expenses | $3,706,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $881,154 |
| 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 | $801 |
| Net Land, buildings, and equipment | $459,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,936,929 |
| Total assets | $3,278,832 |
| Accounts payable and accrued expenses | $394,185 |
| 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 | $602,104 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,051,168 |
| Total liabilities | $3,047,457 |
| Net assets without donor restrictions | $96,044 |
| Net assets with donor restrictions | $135,331 |
| 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 | $3,278,832 |