Alabama Aerospace And Aviation Schools Inc is located in Helena, AL. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, 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. 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 11/2021, Alabama Aerospace And Aviation Schools Inc generated $442.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.0% each year . All expenses for the organization totaled $410.9k during the year ending 11/2021. While expenses have increased by 50.4% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT AAHS, WERE EDUCATING AND INSPIRING THE AVIATION AND AEROSPACE LEADERS OF TOMORROW. AS A NEW 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
SCHOOL DEVELOPMENT PHASE INCLUDING INITIAL DUE DILIGENCE, MARKETING, AND PLANNING FOR THE FIRST SCHOOL YEAR 2022-2023
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ruben Morris CEO | Officer | 40 | $133,333 |
Charles Knight Board President | Officer | 25 | $0 |
Auri Brown Secretary | Officer | 1 | $0 |
Tramayne Russell Vice President | Officer | 1 | $0 |
R J Smith Treasurer | Officer | 1 | $0 |
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 | $442,804 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $442,804 |
Total Program Service Revenue | $0 |
Investment income | $3 |
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 | $442,807 |
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. | $133,333 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $1,961 |
Other employee benefits | $1,600 |
Payroll taxes | $12,782 |
Fees for services: Management | $0 |
Fees for services: Legal | $25,904 |
Fees for services: Accounting | $18,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $121,208 |
Advertising and promotion | $16,926 |
Office expenses | $2,761 |
Information technology | $3,436 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,663 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,387 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,134 |
Insurance | $5,405 |
All other expenses | $0 |
Total functional expenses | $410,926 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $177,844 |
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 | $2,202 |
Net Land, buildings, and equipment | $14,100 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $47,759 |
Total assets | $241,905 |
Accounts payable and accrued expenses | $27,762 |
Grants payable | $0 |
Deferred revenue | $172,873 |
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 | $6,807 |
Total liabilities | $207,442 |
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 | $34,463 |
Total liabilities and net assets/fund balances | $241,905 |
Over the last fiscal year, we have identified 1 grants that Alabama Aerospace And Aviation Schools Inc has recieved totaling $215,000.
Awarding Organization | Amount |
---|---|
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $215,000 |
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