2026-02-19T14:29:52-06:00 2025-06-30 593040705 RIVERO GORDIMER & COMPANY PA 201 N FRANKLIN ST SUITE 2200 TAMPA FL 33602 990 2024-10-01 593679477 AEROSPACE CENTER FOR EXCELLENCE INC AERO 8636442431 4075 JAMES C RAY DRIVE LAKELAND FL 33811 JULIE EHNLE CFO 8639044014 2026-02-18 1 1 JULIE DAVIS P02326338 8138757774 2024 2025-03-06 01:10:19Z JULIE EHNLE 4075 JAMES C RAY DRIVE LAKELAND FL 33811 2896824 0 X ACEEDU.ORG X 2000 FL TO ENGAGE, EDUCATE, AND ACCELERATE THE NEXT GENERATION OF AEROSPACE PROFESSIONALS. 11 11 77 10 123123 0 1509494 2077214 358675 235599 -1935 -221172 585119 423659 2451353 2515300 382912 301533 0 0 1790992 1384167 0 0 17596 2198341 1204627 4372245 2890327 -1920892 -375027 13877806 10761279 3159092 552717 10718714 10208562 TO ENGAGE, EDUCATE, AND ACCELERATE THE NEXT GENERATION OF AEROSPACE PROFESSIONALS. 0 0 2644402 301533 235599 THE ACE CAMPUS CONSISTS OF VARIOUS EDUCATIONAL BUILDINGS, INCLUDING THEFLORIDA AIR MUSEUM. ACTIVITIES AT ACE INCLUDE AVIATION SUMMER CAMPS,MUSEUM TOURS, STEM-BASED LEARNING LABS, AND SCHOOL OUTREACH PROGRAMS,NIGHT AT THE MUSEUM, WINGS N THINGS, FIELD TRIPS, AFTER-SCHOOLPROGRAMS, AND OTHER VARIOUS EVENTS. 2644402 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 7 0 1 77 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X JULIE EHNLE 8639044014 4075 JAMES C RAY DRIVE LAKELAND FL 33811 RICARDO GARCIA CHAIRMAN 2.00 1.00 X X 0 0 0 HARLEY RICHARDS VICE-CHAIR 2.00 1.00 X X 0 0 0 JEFF KINCART SECRETARY 1.00 1.00 X X 0 0 0 ELIZABETH TENNYSON TREASURER 1.00 1.00 X X 0 0 0 SARA ROBERTS-MCCARLEY DIRECTOR 1.00 1.00 X 0 0 0 CHARLIE GREGOIRE DIRECTOR 1.00 1.00 X 0 0 0 CHUCK AHEARN DIRECTOR 1.00 1.00 X 0 0 0 CHUCK BROWN DIRECTOR 1.00 1.00 X 0 0 0 ERIC WASHBURN DIRECTOR 1.00 1.00 X 0 0 0 ROLAND BETKER DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN THOMAS DIRECTOR 1.00 1.00 X 0 0 0 EUGENE CONRAD PRESIDENT & CEO 35.00 15.00 X 240185 0 22849 ERIC CRUMP VICE-PRESIDENT & COO 35.00 15.00 X 119824 0 0 JULIE EHNLE CFO 35.00 15.00 X 52745 0 13706 DENNIS DUNBAR EXECUTIVE DIRECTOR 35.00 15.00 X 125409 0 0 JANE WINTER VICE PRESIDENT STRATEGIC PARTNERSHIPS 35.00 15.00 X 128146 0 0 666309 0 36555 4 0 1 0 0 854059 213223 1009932 2077214 MEMBERSHIPS/ADMISSIONS 611600 113320 113320 EDU PROGRAM REVENUE 611600 111579 111579 OTHER EVENT REVENUE 611600 10700 10700 235599 5143 5143 181484 0 181484 181484 181484 226315 -226315 -226315 -226315 193630 74578 119052 119052 203754 80631 123123 123123 2515300 190768 123123 124195 300878 300878 655 655 666309 599679 59968 6662 437548 393793 39379 4376 79234 71311 7131 792 105861 95275 9527 1059 95215 85694 8569 952 288 288 203729 191505 12224 9673 9189 484 34053 30647 3068 338 252477 227229 22723 2525 83348 75014 7501 833 12680 12680 569325 512393 56932 5944 5350 535 59 FEES 17079 17079 PROGRAM EXPENSES 16031 16031 2890327 2644402 228329 17596 311176 638827 424252 0 208047 419510 50931 73319 21324 30042 3600 24421 10063140 2342148 8441320 7720992 1769602 1595642 2647554 258526 13877806 10761279 493922 294191 2665170 258526 3159092 552717 X 8863250 8610694 1855464 1597868 10718714 10208562 13877806 10761279 X -375027 10000 -145125 X X 0 1 X 1 0 X 3944571 1942834 1255059 1509494 2077214 10729172 3944571 1942834 1255059 1509494 2077214 10729172 3603514 7125658 13864 17832 27934 5098 186627 251355 43516 32569 30050 578086 316753 1000974 11981501 0.59470 0.56880 X PART II, SHORT YEAR EXPLANATION: THIS FORM 990 RETURN FOR THE PERIOD OCTOBER 1, 2024, TO JUNE 30, 2025, IS A SHORT-YEAR RETURN. SCHEDULE A 2024 AMOUNTS INCLUDE ACTIVITY FROM OCTOBER 2024 TO JUNE 2025. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 1769602 130648 74168 110992 258526 9257 1595643 1123958 413740 264175 21700 10571 1769602 1109958 17000 3000 1123958 754362 301540 102029 47973 1109958 647828 112290 5756 754362 0.16000 0.84000 1 0 7920986 1438167 6482819 413615 187839 225776 1683539 716142 967397 45000 45000 7720992 INVESTMENTS HELD FOR OTHERS - LIABILITIES 258526 258526 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 2022 THROUGH 2024 ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AS OF JUNE 30, 2025. PART V, LINE 4 THE PURPOSE OF ESTABLISHING THE EDUCATIONAL ENDOWMENT FUND IS TO STANDARDIZE AND FORMALIZE THE ADMINISTRATION OF CONTRIBUTIONS TO THE EDUCATION FOUNDATION, WHICH ARE NOT GENERALLY ASSOCIATED WITH THE ANNUAL OPERATING BUDGET. PART III, LINE 1A ARTIFACTS AND COLLECTIONS IN CONFORMITY WITH INDUSTRY PRACTICE, MUSEUM ARTIFACTS PURCHASED AND DONATED ARE NOT RECORDED IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. EVEN THOUGH NOT RECORDED, THE MUSEUM'S ARTIFACTS AND COLLECTIONS REPRESENT ONE OF ITS MOST VALUABLE ASSETS. THE MUSEUM EMPLOYS A FULL-TIME EMPLOYEE TO MANAGE THE STEWARDSHIP OF THE ARTIFACTS AND COLLECTION, UNDER THE DIRECTION OF THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS' COLLECTIONS AND ACQUISITIONS POLICY WITH COMMITTEE OVERSIGHT. EACH PIECE IS NUMBERED AND CATALOGUED IN A CONTINUOUS INVENTORY. THE COLLECTION IS NEVER TO BE USED AS A FINANCIAL ASSET FOR THE MUSEUM AND IS MAINTAINED FOR ITS INHERENT ARTISTIC, CULTURAL, AND EDUCATIONAL VALUE. THE MUSEUM AT TIMES LOANS MUSEUM ARTIFACTS TO OTHER MUSEUMS FOR DISPLAY PURPOSES. BASH 193630 193630 74578 193630 193630 74578 74578 119052 0 ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC 4075 JAMES C RAY DRIVE LAKELAND FL 33811 874082687 501(C)(3) 144370 0 TO COVER PAYROLL AND COSTS PART I, LINE 2 GRANT EXPENDITURES ARE PROVIDED TO ORGANIZATIONS AS PER AGREEMENTS SIGNED BY THE RECIPIENT AND THE FILING ORGANIZATION. ONCE GRANTS ARE DONATED, NO ADDITIONAL MONITORING IS PERFORMED. THE ORGANIZATION PROVIDES THE CASH AWARDS DIRECTLY TO THE EDUCATIONAL INSTITUTION FOR THE NAMED RECIPIENT. X X X 0 0 0 0 0 0 0 0 0 EUGENE CONRAD PRESIDENT & CEO 235800 0 0 0 4385 0 0 0 22849 0 263034 0 0 0 PART I, LINE 3 THE BOARD SET THE INITIAL SALARY FOR THE PRESIDENT/CEO FOLLOWING REVIEW OF COMPENSATION STUDIES AND APPROVAL BY THE BOARD. ANNUALLY, THE PRESIDENT/CEO RECEIVES A COST OF LIVING ADJUSTMENTS ON HIS ANNIVERSARY DATE AS SET FORTH IN THE PRESIDENT/CEO'S CONTRACT. FORM 990, PART I, LINE B AND HEADING, ITEM A: AEROSPACE CENTER FOR EXCELLENCE, INC. HAS CHANGED ITS ACCOUNTING PERIOD FROM A FISCAL YEAR ENDING SEPTEMBER 30 TO A FISCAL YEAR ENDING JUNE 30. AS A RESULT, THIS FORM 990 IS BEING FILED FOR A SHORT PERIOD COVERING OCTOBER 1, 2024, THROUGH JUNE 30, 2025. THIS CHANGE WAS MADE TO BETTER ALIGN THE ORGANIZATION'S FINANCIAL REPORTING WITH OPERATIONAL AND PROGRAMMATIC CYCLES. THE ORGANIZATION HAS COMPLIED WITH IRS REQUIREMENTS FOR CHANGING ITS ACCOUNTING PERIOD AND WILL CONTINUE TO FILE FUTURE RETURNS BASED ON THE NEW FISCAL YEAR ENDING JUNE 30. FORM 990, PART VI, SECTION A, LINE 1A THE CHAIRMAN OF THE BOARD WILL DESIGNATE ONE OR MORE DIRECTORS TO BE COMMITTEE CHAIRMEN. THE BOARD MAY APPROVE OR APPOINT ANY DIRECTOR OR NONDIRECTOR AS A MEMBER OF A COMMITTEE. SUCH COMMITTEES SHALL HAVE SUCH FUNCTIONS AND MAY EXERCISE SUCH POWER OF THE BOARD OF DIRECTORS AS CAN BE LAWFULLY DELEGATED AND TO THE EXTENT PROVIDED IN THE RESOLUTIONS CREATING SUCH COMMITTEE OR COMMITTEES. THE TERM OF THE COMMITTEE CHAIRMEN AND ALL MEMBERS OF ALL BOARD COMMITTEES SHALL EXPIRE NO LATER THAN THE DATE OF THE NEXT ANNUAL MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS SHALL DISCLOSE TO THE BOARD ANY INTEREST THAT A DIRECTOR HAS IN A TRANSACTION OR DECISION OF THE BOARD THAT MAY RESULT IN A FINANCIAL BENEFIT OR GAIN TO THEM AND/OR THEIR BUSINESS, FAMILY MEMBERS AND/OR SIGNIFICANT OTHER, EMPLOYER, AND/OR CLOSE ASSOCIATES, AND OTHER NONPROFIT ORGANIZATIONS WITH WHICH THE DIRECTOR IS AFFILIATED. AFTER DISCLOSURE, NONAFFECTED DIRECTORS SHALL DETERMINE IF THE CONFLICT IS SIGNIFICANT, REQUIRING THE DIRECTOR TO RECUSE THEMSELF. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRES/CEO OF AEROSPACE CENTER FOR EXCELLENCE, INC. IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE INITIAL SALARY OF THE PRES/CEO WAS DETERMINED FOLLOWING THE BOARD'S REVIEW OF COMPARABLE DATA OF OTHER NONPROFIT CEO SALARIES. IN SUBSEQUENT YEARS, THE CEO RECEIVES A RAISE AS DETERMINED IN THE COMPENSATION CONTRACT THAT WAS APPROVED BY THE BOARD. RESULTS AND RECOMMENDATIONS ARE PRESENTED AND APPROVED DURING THE EXECUTIVE SESSION OF THE BOARD MEETING, WHICH IS DOCUMENTED IN THE MEETING MINUTES. THE INITIAL SALARIES OF OTHER OFFICERS WERE DETERMINED BY COMPARABILITY DATA OF COMPARABLE NONPROFIT DATA AND DISCUSSIONS WITH THE BOARD. IN SUBSEQUENT YEARS, RAISES ARE MADE BY A PERCENTAGE INCREASE AS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF FUNDS HELD WITH COMMUNITY FOUNDATION 60,719. PRIOR YEAR ADJUSTMENT -205,844. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS NOR THE SELECTION PROCESS WAS CHANGED DURING THE YEAR FOR THE AUDIT COMMITTEE. ACE INSTRUCTIONAL SERVICES LLC 4075 JAMES C RAY DRIVE LAKELAND FL 33811 923760730 DEVELOP, MANAGE AND SELL INSTRUCTIONAL CONTENT AND INSTRUCTIONAL SERVICES FL AEROSPACE CENTER FOR EXCELLENCE INC ACE AIRCRAFT HOLDINGS LLC 4075 JAMES C RAY DRIVE LAKELAND FL 33811 923749170 PURCHASE, MANAGE, AND OPERATE AVIATION REAL PROPERTY FL AEROSPACE CENTER FOR EXCELLENCE INC SUN 'N FUN FLY-IN INC 4075 JAMES C RAY DRIVE LAKELAND FL 33811 592803958 SHARING THE AVIATION EXPERIENCE WITH PEOPLE OF ALL AGES. FL 501(C)(3) LINE 10 AEROSPACE CENTER FOR EXCELLENCE INC 1 ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC 4075 JAMES C RAY DRIVE 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 1 CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC 4075 JAMES C RAY DRIVE LAKELAND FL 33811 270763731 SUPPORTING STUDENTS IN POLK COUNTY TO ACHIEVE AERSOPACE OPPORTUNITIES. FL 501(C)(3) LINE 7 AEROSPACE CENTER FOR EXCELLENCE INC 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC D END OF YEAR LOAN BALANCE SUN 'N FUN FLY-IN INC C 850000 CASH SUN 'N FUN FLY-IN INC D END OF YEAR LOAN BALANCE