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Nonprofit · EIN 27-1366959

VERMONT FLIGHT ACADEMY INC

Also known as VERMONT FLIGHT ACADEMY

Tax-exempt · S BURLINGTON, VT 05403

Financials

$2.7M$2.8M2022$2.7M$2.7M2023$2.4M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of VERMONT FLIGHT ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,449,718$2,891,754-$442,036$1,921,199$705,696$1,215,503
June 30, 2024990 (amended)$2,705,764$2,692,839$12,925$2,440,800$783,261$1,657,539
June 30, 2023990$2,663,621$2,782,460-$118,839$2,466,057$821,443$1,644,614
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,452,361
Investment income
-$7,608
Net gain from sales of assets
-$9,107
Other revenue
$4,965

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$111,000
Other salaries and wages
$1,063,170
Salaries, compensation and benefits (total)
$1,349,355
Professional fundraising fees
$0
Legal fees
$11,965
Accounting fees
$44,923
Occupancy
$28,804
Travel
$9,459
Depreciation
$190,775
Program services (functional)
$2,780,754
Management and general (functional)
$111,000

Balance sheet and other

Total assets, start of year
$2,440,800
Total assets, end of year
$1,921,199
Total liabilities, end of year
$705,696
Net assets, end of year
$1,215,503
Land, buildings and equipment
$1,404,745
Net assets without donor restrictions
$1,215,503
Gross receipts
$2,794,687
Employees
63
Year formed
2010
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MATTHEW SAWYEREXECUTIVE DI
Officer
40$106,654
JOHN CURRANSECRETARY
Trustee or director, Officer
1$0
JON PIZZAGALLITREASURER
Trustee or director, Officer
1$0
MICHAEL SCHIRLINGBOARD MEMBER
Trustee or director
1$0
CHRISTOPHER WEINBERGPRESIDENT
Trustee or director, Officer
3$0
BRAD WORTHENBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
THOMAS D'URSOEXECUTIVE DI
Officer
40$174,802
MATTHEW SAWYEREXECUTIVE DI
Officer
40$90,058
JOHN CURRANBOARD MEMBER
Trustee or director
1$0
JON PIZZAGALLIBOARD MEMBER
Trustee or director
1$0
MICHAEL SCHIRLINGBOARD MEMBER
Trustee or director
1$0
BRAD WORTHENBOARD MEMBER
Trustee or director
1$0
CHRISTOPHER WEINBERGPRESIDENT
Officer
1$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
THOMAS D'URSOEXECUTIVE DI
Officer
40$122,550$20,074
TYLER BROWNBOARD MEMBER
Trustee or director
1$0$0
KATIE CLARKBOARD MEMBER
Trustee or director
1$0$0
LISA GROENEVELDBOARD MEMBER
Trustee or director
1$0$0
ANDY PALLITOPRESIDENT
Trustee or director, Officer
1$0$0
JON PIZZAGALLIBOARD MEMBER
Trustee or director
1$0$0
HOBIE TOMLINSONBOARD MEMBER
Trustee or director
1$0$0
KIRK WALTERSBOARD MEMBER
Trustee or director
1$0$0
CHRISTOPHER WEINBERGNON-VOTING M
Trustee or director
1$0$0
MATTHEW SAWYERDIR. OF OPER
Officer
40$0$0

Address and contacts

Address (IRS master file)
308 DAVINCI DR, S BURLINGTON, VT 05403-6819
In care of
% DOUGLAS W SMITH
Principal officer (990 for 2024)
MATTHEW SAWYER, 355 VALLEY ROAD, SO BURLINGTON, VT 05403
Signed the 990
MATTHEW SAWYER, EXECUTIVE DIRECTOR
Phone
(802) 863-5988
Return prepared by
KITTELL BRANAGAN & SARGENT

Mission

VERMONT FLIGHT ACADEMY WAS CREATED TO PROMOTE GENERAL AVIATION THROUGH A PROGRAM OF HIGH QUALITY FLIGHT TRAINING AT A COMPETITIVE COST.

990 for the year ended June 30, 2025

Program accomplishments

  • 287 NEW SIGNERS/STUDENTS CAME INTO OUR SYSTEM IN 2024/25. THESE INDIVIDUALS SIGNED UP FOR INDIVIDUAL FLIGHT INSTRUCTION, DISCOVERY FLIGHT LESSONS AND GROUND TRAINING. VFA CONTINUES ITS PARTNERSHIP WITH VERMONT TECHNICAL COLLEGE (NOW PART OF VERMONT STATE UNIVERSITY) FOR THE NINTH YEAR. STUDENTS ARE GETTING THEIR PRIVATE,INSTRUMENT AND COMMERCIAL LICENSES/ENDORSEMENTS. THERE WERE 48 STUDENTS ENROLLED THIS YEAR THROUGH THE VERMONT STATE UNIVERSITY PROGRAM. VFA OPERATES A TOTAL OF 11 AIRCRAFT AND SIMULATORS OF WHICH 8 ARE OWNED DIRECTLY BY VFA. THE OTHER 5 ARE UNDER CONTRACT AND OPERATED FOR BUSINESS PURPOSES UNDER A "LEASE BACK" ARRANGEMENT.
    Expenses $2,780,754 · revenue $2,448,219

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
27-1366959
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$1,921,199
Income (IRS master file)
$2,794,687

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,449,718$2,891,754$1,921,199XML
990June 2024$2,526,007$2,638,536$2,426,546IRS
990June 2023$2,663,621$2,782,460$2,466,057XML
990June 2022$2,174,599$2,000,774$2,185,756IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1366959).

Questions about VERMONT FLIGHT ACADEMY INC

What is the EIN of VERMONT FLIGHT ACADEMY INC?
The employer identification number (EIN) of VERMONT FLIGHT ACADEMY INC is 27-1366959.
Is VERMONT FLIGHT ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to VERMONT FLIGHT ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VERMONT FLIGHT ACADEMY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VERMONT FLIGHT ACADEMY INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VERMONT FLIGHT ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of VERMONT FLIGHT ACADEMY INC?
The 990 for the year ended June 30, 2025 names MATTHEW SAWYER.
Who are the officers and directors of VERMONT FLIGHT ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $106,654 (MATTHEW SAWYER, EXECUTIVE DI).
How much revenue does VERMONT FLIGHT ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,449,718, expenses of $2,891,754 and total assets of $1,921,199 at year end.

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