Cable Airport Foundation

Nonprofit profile at a glance

EIN
651182805
IRS 990-EZ coverage
2010–2016
Forms available
Form 990-EZ 2016
Location
Upland, CA, USA
Phone
9099212330
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$60,861
Expenses
$74,888
Assets
$104,427

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Robert A Cable (President)

People named in this filing

  • Robert A Cable (President)
  • Dennis Harmer (Treasurer)
  • Mary C Barnett (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cable Airport Foundation was established to provide scholarships for individuals to continue their aviation education and training. Money for scholarships is raised through publically supported donations and fund raising events.

What it reported doing in 2016

Cable Airport Foundation continues to support aviation related scholarships in the community. Since 2010, the foundation has worked closely with other not for profit aviation oriented organiztions in reaching out to many more students for both flight and airframe and power plant training. We have also increased funding to those that volunteer time to the air show for their general training needs. The foundation continues to help in the community by volunteering time and or materials for education that informs the public of general aviation. With over 15 years of service we have had many of our students move on to their dreams of being the next airline captain, working on the flight lines of major manufacturing firms, and have continued their flying in the Armed Forces that protect our country.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 32
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -23%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 1.39; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -4.7% per year; rating input score 0; 38th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $75K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 19/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.