2024-08-14T12:10:07-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-10-01 592803958 SUN 'N FUN FLY-IN INC SUNN 8636442431 4075 JAMES C RAY DRIVE LAKELAND FL 33811 TRACY T NEAL CFO 8636442431 2024-08-13 1 1 TINA HENTON P00630282 4078021200 2024-08-12 2022 2024-08-08 14:25:15Z TRACY T NEAL 4075 JAMES C RAY DRIVE LAKELAND FL 33811 9452035 0 X WWW.FLYSNF.ORG X 1975 FL TO PRESERVE AND ENHANCE THE FUTURE OF FLIGHT THROUGH WORLD CLASS EVENTS, INSPIRING AND EDUCATING PEOPLE OF ALL AGES. 4 4 0 3000 212562 82462 513496 504216 7654902 8498571 26604 58333 319251 355342 8514253 9416462 524011 552627 0 0 447162 1157470 0 0 42680 4315133 5123053 5286306 6833150 3227947 2583312 13061699 18544338 1266010 4112618 11795689 14431720 TO PRESERVE AND ENHANCE THE FUTURE OF FLIGHT THROUGH WORLD CLASS EVENTS, INSPIRING AND EDUCATING PEOPLE OF ALL AGES. 0 0 6427533 552627 8628509 HOST TO THE SECOND LARGEST AVIATION FLY-IN AND CONVENTION IN THE COUNTRY. DURING THE CONVENTION THERE ARE OVER 400 FORUMS, WORKSHOPS, LECTURES AND OTHER EDUCATIONAL OPPORTUNITIES. THERE ARE APPROXIMATELY 5,000 AIRPLANES THAT FLY IN, INCLUDING WARBIRDS, MILITARY, HOME BUILT, AND VINTAGE PLANES. THERE ARE APPROXIMATELY 150,000 GATE PARTICIPANTS, EXHIBITORS, SPONSORS AND FOOD VENDORS. WE HAVE APPROXIMATELY 3,000 VOLUNTEERS THAT HELP US PUT ON THIS EVENT. 6427533 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 23 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X TRACY T NEAL 8639044014 4175 MEDULLA ROAD LAKELAND FL 33811 DR HARLEY M RICHARDS DDS CHAIRMAN 1.00 1.00 X X 0 0 0 ROLAND BETKER VICE-CHAIRMAN 1.00 1.00 X X 0 0 0 ERIC WASHBURN SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 BILL TIGER READ DIRECTOR 1.00 1.00 X 0 0 0 EUGENE CONRAD PRESIDENT/CEO (AS OF 4/2022) 5.00 45.00 X 0 163005 9823 TRACY NEAL CFO 5.00 45.00 X 0 121021 7554 JOHN LEENHOUTS FORMER PRESIDENT/CEO (THRU 4/2022) 0.00 0.00 X 0 170274 11305 0 454300 28682 0 1 1 0 0 188131 316085 156853 504216 EVENTS & ADMISSION 711210 6998250 6998250 FACILITY LEASE/RENTAL 711210 1160177 1160177 COMMISSIONS 711210 340144 340144 8498571 72135 72135 13802 -13802 -13802 -13802 151709 21771 129938 129938 ADVERTISING SALES 541800 212562 212562 COLLECTION ALLOWANCE 900099 12513 12513 MISCELLANEOUS 900099 329 329 225404 9416462 8628509 212562 71175 550127 550127 2500 2500 1003215 902894 90289 10032 33793 30414 3041 338 44856 40370 4037 449 75606 68045 6805 756 6078 5718 345 15 18838 17721 1069 48 40927 38501 2322 104 241515 230094 11274 147 295831 235438 58857 1536 618876 557695 58075 3106 58766 58766 9798 7798 1949 51 638566 574709 63857 265322 238790 23879 2653 FLY-IN EVENT PROGRAM 1682871 1682871 ENTERTAINMENT EXPENSE 428125 422791 5334 FOOD AND DRINK EXPENSE 372366 372366 IN-KIND EXPENSES 121623 109461 10946 1216 323551 280464 26192 16895 6833150 6427533 362937 42680 839968 883371 1777908 2668249 115624 146475 547 17738 142859 118904 10254390 9202727 1294962 1051663 672314 486208 8217517 13171730 13061699 18544338 288419 215516 977591 1179470 86370 0 2631262 1266010 4112618 X 11755337 14389406 40352 42314 11795689 14431720 13061699 18544338 2583312 52719 0 X 0 1 X 1 0 X 604067 198176 241134 513496 504216 2061089 5554052 1300366 6731398 7767194 8650280 30003290 6158119 1498542 6972532 8280690 9154496 32064379 144211 12553 52458 6765 100610 316597 580663 431936 546690 1559289 144211 593216 484394 6765 647300 1875886 30188493 12256 21238 8746 12274 72135 126649 12256 21238 8746 12274 72135 126649 124777 222292 13501 82462 443032 14618 19279 68263 38138 12842 153140 6309770 1539059 7271833 8344603 9321935 32787200 0.92070 0.93030 0.00390 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X EDUCATION 0 214983 214983 5280457 5280457 0 3463381 3031928 431453 1236794 890342 346452 58775 58775 1051663 POSTAGE DUE 162 SECURITY DEPOSITS 3375 DUE FROM AEROSPACE CENTER FOR EXCELLENCE, INC. 10552027 OPERATING RIGHT OF USE LEASES, NET 2615501 LOAN FEES 665 13171730 OPERATING RIGHT OF USE LEASE LIABILITIES 2631262 2631262 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 AND THAT QUALIFIES TO RECEIVE DEDUCTIBLE CONTRIBUTIONS AS A PUBLIC CHARITY DESCRIBED IN IRC SECTION 509(A)(2). 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 2020 THROUGH 2022 ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AS OF SEPTEMBER 30, 2023. 1 CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC 4075 JAMES C RAY DR LAKELAND FL 33811 270763731 501(C)3 516037 0 N/A N/A SUPPORT GENERAL OPERATION HARVEST ASSEMBLY OF GOD 2120 AIRPORT ROAD LAKELAND FL 33811 592992592 501(C)3 10000 0 N/A N/A GENERAL SUPPORT 2 0 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. 0 0 0 0 0 0 0 0 0 JOHN LEENHOUTS FORMER PRESIDENT/CEO (THRU 4/2022) 0 170274 0 0 0 0 0 0 0 11305 0 181579 0 0 EUGENE CONRAD PRESIDENT/CEO (AS OF 4/2022) 0 163005 0 0 0 0 0 0 0 9823 0 172828 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 WERE RELIED UPON BY AEROSPACE CENTER FOR EXCELLENCE, INC. TO DETERMINE SUCH COMPENSATION: 1. COMPENSATION SURVEY OR STUDY, 2. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. X 3230 COMPARABLE SALES VALUE X 3 6266 COMPARABLE SALES VALUE X 1 175 COMPARABLE SALES VALUE X SMOKE OIL 1 75434 COMPARABLE SALES VAL X AIRFRAME 1 40000 COMPARABLE SALES VAL X EQUIPMENT 8 26249 COMPARABLE SALES VAL X BEVERAGES 1 5069 COMPARABLE SALES VAL X CERTIFICATE 1 250 COMPARABLE SALES VAL X FLOWERS 2 180 COMPARABLE SALES VAL 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE CHAIRMAN OF THE BOARD OF DIRECTORS MAY DESIGNATE ONE OR MORE OTHER COMMITTEE CHAIRMEN. SUCH OTHER 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. 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, NON-AFFECTED DIRECTORS SHALL DETERMINE IF THE CONFLICT IS SIGNIFICANT REQUIRING THE DIRECTOR TO RESCUSE THEMSELF. FORM 990, PART VI, SECTION B, LINE 15A CEO COMPENSATION IS SET BY AND PAID FOR BY AEROSPACE CENTER FOR EXCELLENCE (ACE). THE ACE BOARD HAS APPOINTED A COMPENSATION COMMITTEE TO REVIEW ALL SALARIES AND BENEFITS. THEIR RECOMMENDATIONS ARE BROUGHT BEFORE THE BOARD FOR APPROVED OR DISAPPROVED DURING THE BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. 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 CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC 4075 JAMES C RAY DR LAKELAND FL 33811 270763731 SUPPORTING STUDENTS IN POLK COUNTY TO ACHIEVE AERSOPACE OPPORTUNITIES. FL 501(C)(3) LINE 7 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 10 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)(7) AEROSPACE CENTER FOR EXCELLENCE INC 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0