Rising Aviation High School Inc
- Assets
- $191.9k
- Revenue
- $846.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-0969928
Organization Overview
Rising Aviation High School Inc is located in Plano, TX. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Rising Aviation High School 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 12/2023, Rising Aviation High School Inc generated $846.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 57.3% each year . All expenses for the organization totaled $996.0k during the year ending 12/2023. 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
EDUCATE. AVIATE. GRADUATE. RISING AVIATION WILL EDUATE STUDENTS WHO HAVE CAREER ASPIRATIONS IN AVIATION, WISH TO EXPAND THEIR AVATION INDUSTRY SKILL SET, OR SIMPLY WANT A CHALLENDING STEAM EDUCATIONAL EXPERIENCE THAT WILL PROVIDE A SOLID FOUNDATION FOR VIRTUALLY ANY FUTURE ACADEMIC OR CAREER PURSUIT. INDIVIDUALS WHO REQUIRE AN ACCELERATED EDUCATION SCHEDULE, FLEXIBILITY TO MAINTAIN ATTENDANCE, HELP WITH CREDIT RECOVERY, OR SIMPLY DESIRE AN IMMERSIVE LEARNING EXPERIENCE, WILL ALL RECEIVE A PERSONALIZED EDUCATIONAL "FLIGHT" PLAN THAT IS DESIGNED FOR THEIR SUCCESS WITH A FUTURE IN AVIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AVIATION AND AEROSPACE EDUCATION TO HIGH SCHOOL STUDENTS IN PREPARATION FOR EARNING FAA CERTIFICATIONS AS A PRIVATE PILOT, DRONE PILOT, OR AVIATION MECHANIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Scott Meehan President | OfficerTrustee | $0 | |
Jason Coker Secretary | OfficerTrustee | $0 | |
Christopher Meehan Vice Preside | OfficerTrustee | $0 | |
James Meehan Treasurer | OfficerTrustee | $0 |
Financial Statements
| 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 | $672,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,000 |
| Total Program Service Revenue | $174,058 |
| 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 | $846,058 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,000 |
| Fees for services: Legal | $5,738 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $498,869 |
| Advertising and promotion | $38,142 |
| Office expenses | $33,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $299,140 |
| Travel | $2,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,732 |
| Insurance | $3,227 |
| All other expenses | $6,511 |
| Total functional expenses | $996,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,673 |
| 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 | $9,682 |
| Net Land, buildings, and equipment | $131,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,879 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $523,151 |
| Total liabilities | $523,151 |
| Net assets without donor restrictions | -$331,272 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $191,879 |