2025-08-12T16:47:45-05:00 2024-09-30 593040705 RIVERO GORDIMER & COMPANY PA 201 N FRANKLIN ST SUITE 2200 TAMPA FL 33602 990 2023-10-01 270763731 CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC CENT 8636442431 4075 JAMES C RAY DRIVE LAKELAND FL 33811 JULIE EHNLE CFO 8639044014 2025-08-12 1 1 JULIE DAVIS P00176817 8138757774 2023 2025-03-06 01:10:19Z JULIE EHNLE 4075 JAMES C RAY DRIVE LAKELAND FL 33811 599226 0 X N/A X 2009 FL TO SUPPORT STUDENTS IN POLK COUNTY TO ACHIEVE AEROSPACE EDUCATIONAL OPPORTUNITIES. 3 1 0 0 0 0 601055 553985 0 0 23875 45241 0 0 624930 599226 459862 464446 0 0 0 0 0 0 14474 4181 29403 464043 493849 160887 105377 1838096 2302514 0 74727 1838096 2227787 X THE FOUNDATION PROVIDES HIGH SCHOOL STUDENTS FROM POLK COUNTY THE OPPORTUNITY TO RECEIVE AVIATION BASED SCHOLARSHIPS FOR PRIVATE PILOT TRAINING, AIRFRAME AND POWERPLANT TRAINING, AND COLLEGE TUITION IN AVIATIONRELATED FIELDS. 0 0 478394 464446 JAMES C RAY SCHOLARSHIP FUND - FLIGHT TRAINING AND COLLEGE TUITION SCHOLARSHIPS FOR POLK COUNTY STUDENTS AGES 16 THROUGH 23. 478394 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 FL X X JULIE EHNLE 8639044014 4075 JAMES C RAY DRIVE LAKELAND FL 33811 EUGENE CONRAD PRESIDENT/CEO 5.00 45.00 X X 0 244083 7495 RICARDO GARCIA PRESIDENT 1.00 3.00 X X 0 0 0 ERIC CRUMP SECRETARY 1.00 20.00 X X 0 134060 7274 TRACY NEALTHRU 82624 CFO 5.00 45.00 X 0 135260 7545 JULIE EHNLE CFO 5.00 45.00 X 0 12450 311 0 525853 22625 0 0 1 0 0 553045 940 553985 45241 45241 599226 0 0 45241 104994 104994 359452 359452 4043 3800 243 6615 5954 595 66 822 740 74 8 BAD DEBT EXPENSE 14363 0 14363 PROGRAM EXPENSE 2704 2704 SUPPLIES 765 689 69 7 ALL OTHER EXPENSES 91 61 30 493849 478394 981 14474 100 1037293 782818 15735 784968 1473817 0 45879 1838096 2302514 26905 0 47822 0 74727 X 1838096 2227787 1838096 2227787 1838096 2302514 105377 284314 0 X 0 1 X 1 0 X 368654 476541 489330 601055 553985 2489565 368654 476541 489330 601055 553985 2489565 8304 2481261 5901 14382 5824 23862 45241 95210 2584775 0.96000 0.97210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTY 47822 47822 X PART X, LINE 2: THE CENTER IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE CENTER HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THE MOST SIGNIFICANT TAX POSITIONS OF THE CENTER ARE ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT. IT HAS BEEN DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CENTER'S FORMS 990 FOR 2021 THROUGH 2023 ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AS OF SEPTEMBER 30, 2024. 1 AEROSPACE CENTER FOR EXCELLENCE INC 4075 JAMES C RAY DRIVE LAKELAND FL 33811 593679477 501(C)(3) 104994 0 N/A N/A PAYROLL GRANT 1 FLIGHT TRAINING, COLLEGE TUITION SCHOLARSHIPS 58 342936 N/A N/A GIFT PROGRAM 16516 N/A N/A PART I, LINE 2: GRANT EXPENDITURES ARE PROVIDED TO ORGANIZATIONS AS PER AGREEMENTS SIGNED BY THE RECIPIENT AND THE FILING ORGANIZATION. ONCE GARANTS ARE DONATED, NO ADDITIONAL MONITORING IS PERFORMED. THE FLIGHT TRAINING SCHOLARSHIPS ARE SEPARATED INTO TWO CATEGORIES. FIRST TIME APPLICANTS MAY SELECT FROM ONE OF THREE PATHS: GLIDER SOLO, LIGHT SPORT AIRCRAFT (LSA) SOLO, OR PRIVATE PILOT SOLO ("SOLO SCHOLARSHIPS"). AFTER SUCCESSFUL FIRST SOLO, AN ADDITIONAL SCHOLARSHIP IS AVAILABLE FOR A PRIVATE PILOT - GLIDER, LIGHT SPORT AIRPLANE, OR PRIVATE PILOT AIRPLANE CERTIFICATION ("CERTIFICATE SCHOLARSHIPS"). SOLO SCHOLARSHIPS WILL PAY 100% OF THE TRAINING EXPENSES, UP TO THE LIMITS SPECIFIED, INCURRED DURING TRAINING TO COMPLETE "FIRST SOLO ". BARRING CIRCUMSTANCES BEYOND THEIR CONTROL, THE RECIPIENT MUST COMPLETE THEIR FIRST SOLO WITHIN SIX (6) MONTHS OF COMMENCEMENT OF TRAINING, OR THE SCHOLARSHIP IS ENDED. FOLLOWING SUCCESSFUL COMPLETION OF THE SOLO SCHOLARSHIP, THE RECIPIENT CAN SUBMIT AN UPDATED APPLICATION FOR AWARD OF A CERTIFICATE SCHOLARSHIP. THE CERTIFICATE SCHOLARSHIP WILL PROVIDE SCHOLARSHIP FUNDING TO PAY 90% OF THE EXPENSES, UP TO THE LIMITS SPECIFIED, INCURRED IN THE TRAINING THAT REMAINS TO COMPLETE THE FAA AIRMAN CERTIFICATE BEING SOUGHT, PRIVATE PILOT - GLIDER, LIGHT SPORT AIRPLANE, OR PRIVATE PILOT - AIRPLANE. THE RECIPIENT WILL BE RESPONSIBLE FOR PAYMENT OF 10% OF THE EXPENSES DURING THE CERTIFICATE SCHOLARSHIP, AND MUST COMPLETE THEIR TRAINING WITHIN SIX (6) MONTHS OF COMMENCEMENT OF CERTIFICATE SCHOLARSHIP TRAINING. SCHOLARSHIP RECIPIENTS ARE EXPECTED TO MAINTAIN THEIR GPA AT OR ABOVE 2.75 GPA MINIMUM, AND NOTIFY THE SCHOLARSHIP COMMITTEE IF THEIR GRADES ARE EXPECTED TO FALL BELOW THAT LEVEL. RECIPIENTS ARE TO MAINTAIN GOOD MORAL CHARACTER AND PUT FORTH THEIR BEST EFFORT TO COMPLETE THE TRAINING IN THE TIME FRAMES SPECIFIED. 0 0 0 0 0 0 0 0 0 EUGENE CONRAD PRESIDENT/CEO 0 238083 0 0 0 6000 0 0 0 7495 0 251578 0 0 PART I, LINE 3 THE COMPENSATION FOR THE CEO WAS ESTABLISHED AND PAID BY AEROSPACE CENTER FOR EXCELLENCE, INC., A RELATED ORGANIZATION. THE FOLLOWING METHODS: 1. FORM 990 OF OTHER ORGANIZATIONS 2. COMPENSATION SURVEY OR STUDY, AND 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY ESTABLISH COMMITTEES FROM AMONG ITS MEMBERSHIP AND, SUBJECT TO ANY LIMITATIONS IMPOSED BY LAW, SHALL VEST IN SUCH COMMITTEES SUCH POWERS AND DUTIES AS THE BOARD OF DIRECTORS SHALL THINK PROPER. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. SUN N' FUN FLY-IN INC 4075 JAMES C RAY DR LAKELAND FL 33811 592803958 SHARING THE AVIATION EXPERIENCE WITH PEOPLE OF ALL AGES. FL 501(C)(3) LINE 10 AEROSPACE CENTER FOR EXCELLENCE INC 0 AEROSPACE CENTER FOR EXCELLENCE INC 4075 JAMES C RAY DR LAKELAND FL 33811 593679477 ENGAGING THE NEXT GENERATION OF AEROSPACE PROFESSIONALS. FL 501(C)(3) LINE 7 0 ACE FLYING CLUB INC 4075 JAMES C RAY DR LAKELAND FL 33811 844300146 A RECREATIONAL FLYING CLUB THAT PROMOTES AN INTEREST IN AVIATION. FL 501(C)(3) AEROSPACE CENTER FOR EXCELLENCE INC 0 ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC 3985 LAIRD BLVD LAKELAND FL 33811 874082667 ACCELERATE GROWTH OF INDIVIDUALS, BUSINESSES AND IDEAS IN CENTRAL FLORIDA FL 501(C)(3) LINE 10 AEROSPACE CENTER FOR EXCELLENCE INC 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SUN N' FUN FLY-IN INC N 45879 CASH METHOD AEROSPACE CENTER FOR EXCELLENCE INC N 47822 CASH METHOD