PALMDALE AEROSPACE ACADEMY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PALMDALE AEROSPACE ACADEMY INC (EIN 45-3851539)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-13
IRS object ID
202631339349307808
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-13T15:43:00-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN272956198PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHRISTY WHITE ASSOCIATESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1348 OLIVE STREETAddressLine1Txt
CitySAN DIEGOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453851539EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PALMDALE AEROSPACE ACADEMY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPALMBusinessNameControlTxt
Phone6612733680PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 EAST PALMDALE BLVDAddressLine1Txt
CityPALMDALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP935505036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGINA LYNCHPersonNm
Person TitleSUPERINTENDENTPersonTitleTxt
Phone6612733680PhoneNum
Signature2026-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARCY KEARNEYPreparerPersonNm
PTINP02370487PTIN
Phone6192708222PhoneNum
Preparation2026-05-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGINA LYNCHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 EAST PALMDALE BLVDAddressLine1Txt
CityPALMDALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP935505036ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$46,356,913GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressTPAA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionOPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES TK-12 WITH A STEM EMPHASIS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee347TotalEmployeeCnt
Total Volunteers27TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$41,756,036PYContributionsGrantsAmt
CY Contributions Grants$44,487,879CYContributionsGrantsAmt
PY Program Service Revenue$315,525PYProgramServiceRevenueAmt
CY Program Service Revenue$145,409CYProgramServiceRevenueAmt
PY Investment Income$1,594,480PYInvestmentIncomeAmt
CY Investment Income$1,707,485CYInvestmentIncomeAmt
PY Other Revenue$23,083PYOtherRevenueAmt
CY Other Revenue$16,140CYOtherRevenueAmt
PY Total Revenue$43,689,124PYTotalRevenueAmt
CY Total Revenue$46,356,913CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$25,155,531PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$28,206,273CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$14,194,034PYOtherExpensesAmt
CY Other Expenses$14,774,212CYOtherExpensesAmt
PY Total Expenses$39,349,565PYTotalExpensesAmt
CY Total Expenses$42,980,485CYTotalExpensesAmt
PY Revenues Less Expenses$4,339,559PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,376,428CYRevenuesLessExpensesAmt
Total Assets BOY$117,257,944TotalAssetsBOYAmt
Total Assets EOY$118,636,057TotalAssetsEOYAmt
Total Liabilities BOY$93,123,785TotalLiabilitiesBOYAmt
Total Liabilities EOY$91,125,470TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$24,134,159NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$27,510,587NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PALMDALE AEROSPACE ACADEMY IS COMMITTED TO ACADEMIC EXCELLENCE. GUIDED BY THE PRINCIPLES AND INNOVATION OF THE AEROSPACE INDUSTRY, THE EDUCATIONAL PROGRAM INTEGRATES STEAM FOCUSED LEARNING WITH REAL WORLD APPLICATIONS PROVIDING OPPORTUNITIES FOR STUDENTS... (CONT. ON SCH. O)...TO DESIGN, CREATE, AND EXPLORE. THROUGH INDUSTRY-INSPIRED LEARNING EXPERIENCES AND PARTNERSHIPS WITH AEROSPACE EMPLOYERS, LOCAL COMMUNITY COLLEGES, AND OTHER PARTNERS, STUDENTS WILL DEVELOP THE SKILLS AND MINDSET NEEDED TO INNOVATE, ADAPT, AND EXCEL IN A RAPIDLY EVOLVING WORLD.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$34,841,932ExpenseAmt
Revenue$145,409RevenueAmt
DescOPERATION OF A PUBLIC CHARTER SCHOOL WITH A VISION TO PROVIDE AN ENGAGING ENVIRONMENT FOR LEARNING IN GRADES TK-12. OUR GRADUATES WILL BE SUPPORTED, ENCOURAGED, AND CHALLENGED TO DEVELOP THE FOLLOWING COMPETENCIES THAT THEY WILL USE FOR THE REST OF THEIR LIVES: -ETHICAL, RESPONSIBLE CITIZENS WHO LEAD WITH INTEGRITY -FLEXIBLE, ADAPTABLE, IMAGINATIVE, AND RESILIENT LIFE-LONG LEARNERS -CREATORS AND INNOVATORS WHO ARE ARTISTIC AND TECHNOLOGICALLY LITERATE -EMPATHETIC AND COMPASSIONATE INDIVIDUALS -EFFECTIVE COMMUNICATORS, CRITICAL THINKERS, AND PROBLEM-SOLVERSDesc
Total Program Service Expenses$34,841,932TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document40IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee347EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHIEF BUSINESS OFFICIALBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6612733680PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 EAST PALMDALE BLVDAddressLine1Txt
CityPALMDALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP935505036ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
DAVID LUJAN
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
JANET SIMONS
SECRETARY2.00Yes (X)Yes (X)$0$0$0
PATRICK BROPHY
TREASURER2.00Yes (X)Yes (X)$0$0$0
JUSTIN KNOWLES
DIRECTOR2.00Yes (X)$0$0$0
ELLEN MCISAAC
DIRECTOR2.00Yes (X)$0$0$0
NARDY LOPEZ
DIRECTOR2.00Yes (X)$0$0$0
DENNIS TRUJILO
DIRECTOR2.00Yes (X)$0$0$0
GINA LYNCH
SUPERINTENDENT/EXECUTIVE DIRECTOR40.00Yes (X)$216,789$0$63,420
ROSEANNE ZARASUA
CHIEF BUSINESS OFFICIAL40.00Yes (X)$8,333$0$0
JULIE LOVVIK
DIRECTOR OF HEALTH SERVICES40.00$175,101$0$55,457Yes (X)
GARY SCHATZ
ELEMENTARY SCHOOL PRINCIPAL40.00$179,472$0$56,292Yes (X)
PAUL DILGER
DIRECTOR OF FACILITIES/M&O40.00$166,405$0$53,828Yes (X)
JULIE FAWCETTE
VICE PRINCIPAL40.00$141,685$0$44,398Yes (X)
WILLIAM SULLIVAN
HIGH SCHOOL PRINCIPAL40.00$141,442$0$44,351Yes (X)
TIMOTHY LANKFORD
MIDDLE SCHOOL PRINCIPAL40.00$169,533$0$49,717Yes (X)
CHRISTOPHER RILEY
DIRECTOR OF SPECIAL EDUCATION40.00$158,538$0$52,294Yes (X)
JESSICA ROBINSON
SPEECH LANGUAGE PATHOLOGIST40.00$140,075$0$44,099Yes (X)
JULIE BRASWELL
FORMER SUPTERINTENDENT40.00$140,984$0$31,146Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,638,357TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$495,002TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K46IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
FAGEN FRIEDMAN & FULFROST LLP
6300 WILSHIRE BLVD SUITE 1700LOS ANGELESCA90048LEGAL SERVICES$258,287
MISSION TRAIL ADVISORS LLC
4712 2ND STREET NO 144LONG BEACHCA90803FINANCIAL ADVISORY$127,322
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$44,069,970GovernmentGrantsAmt
All Other Contributions$417,909AllOtherContributionsAmt
Total Contributions$44,487,879TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT ACTIVITIES611710$139,645$139,645
FOOD SERVICE SALES722514$5,764$5,764
FieldValueIRS element (for citing)
Total Program Service Revenue$145,409TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,707,485TotalRevenueColumnAmt
Exclusion$1,707,485ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$16,140RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$16,140RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,140TotalRevenueColumnAmt
Exclusion$16,140ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$46,356,913TotalRevenueColumnAmt
Related Or Exempt Func Income$145,409RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,723,625ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$393,280TotalAmt
Program Services$268,700ProgramServicesAmt
Management And General$124,580ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$19,377,890TotalAmt
Program Services$16,262,521ProgramServicesAmt
Management And General$3,115,369ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,395,919TotalAmt
Program Services$3,127,126ProgramServicesAmt
Management And General$268,793ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,193,273TotalAmt
Program Services$3,617,160ProgramServicesAmt
Management And General$576,113ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$845,911TotalAmt
Program Services$683,204ProgramServicesAmt
Management And General$162,707ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$789,275TotalAmt
Program Services$789,275ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,809,217TotalAmt
Program Services$978,167ProgramServicesAmt
Management And General$1,831,050ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$195,859TotalAmt
Program Services$166,332ProgramServicesAmt
Management And General$29,527ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$465,871TotalAmt
Program Services$465,871ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$284,726TotalAmt
Management And General$284,726ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$68,833TotalAmt
Program Services$68,833ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$394,164TotalAmt
Program Services$98,164ProgramServicesAmt
Management And General$296,000ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$92,665TotalAmt
Program Services$92,665ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,662,026TotalAmt
Program Services$5,050,543ProgramServicesAmt
Management And General$611,483ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$391,566TotalAmt
Management And General$391,566ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
BOOKS AND SUPPLIES$3,319,621$3,173,371$146,250
CHARTER AUTHORIZER FEES$300,389$300,389

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$42,980,485TotalAmt
Program Services$34,841,932ProgramServicesAmt
Management And General$8,138,553ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$26,628,368BOYAmt
EOY$28,717,529EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,731,075BOYAmt
EOY$7,446,326EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,979BOYAmt
EOY$19,270EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,414,244LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,299,055LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,993,467BOYAmt
EOY$6,115,189EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$77,899,055BOYAmt
EOY$76,337,743EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$117,257,944BOYAmt
EOY$118,636,057EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,462,451BOYAmt
EOY$6,643,439EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$9,957,017BOYAmt
EOY$7,734,191EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$78,704,317BOYAmt
EOY$76,747,840EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$93,123,785BOYAmt
EOY$91,125,470EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$24,134,159BOYAmt
EOY$27,510,587EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,134,159BOYAmt
EOY$27,510,587EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$117,257,944BOYAmt
EOY$118,636,057EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,376,428ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,016,393OtherCostOrOtherBasisAmt
Depreciation$568,467DepreciationAmt
Book Value$447,926BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$158,151OtherCostOrOtherBasisAmt
Depreciation$40,822DepreciationAmt
Book Value$117,329BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,292,383OtherCostOrOtherBasisAmt
Depreciation$3,689,766DepreciationAmt
Book Value$1,602,617BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,947,317OtherCostOrOtherBasisAmt
Book Value$3,947,317BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,115,189TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRIGHT-OF-USE ASSETDesc
Book Value$76,337,743BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$76,337,743TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOPERATING LEASE LIABILITYDesc
Amt$76,747,840Amt
FieldValueIRS element (for citing)
Total Liability$76,747,840TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$46,356,913TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$46,356,913RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$46,356,913TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$42,980,485TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$42,980,485ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$42,980,485TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationMANAGEMENT BELIEVES ALL OF ITS SIGNIFICANT TAX POSITIONS WOULD BE UPHELD UNDER EXAMINATION; THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE AS WELL AS WITHIN THE SCHOOL'S CHARTER PETITION.
SCHEDULE E, PART I, LINE 4THE ORGANIZATION IS A TUITION-FREE PUBLIC CHARTER SCHOOL; THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT APPLICABLE.
SCHEDULE E, PART I, LINE 6AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES GOVERNMENTAL FUNDING FROM THE U.S. AND CALIFORNIA DEPARTMENTS OF EDUCATION.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
GINA LYNCH
SUPERINTENDENT/EXECUTIVE DIRECTOR$216,789$0$0$0$0$0$41,407$0$22,013$0$280,209$0$0$0
GARY SCHATZ
ELEMENTARY SCHOOL PRINCIPAL$179,472$0$0$0$0$0$34,279$0$22,013$0$235,764$0$0$0
JULIE LOVVIK
DIRECTOR OF HEALTH SERVICES$175,101$0$0$0$0$0$33,444$0$22,013$0$230,558$0$0$0
PAUL DILGER
DIRECTOR OF FACILITIES/M&O$166,405$0$0$0$0$0$31,783$0$22,045$0$220,233$0$0$0
TIMOTHY LANKFORD
MIDDLE SCHOOL PRINCIPAL$169,533$0$0$0$0$0$32,381$0$17,336$0$219,250$0$0$0
CHRISTOPHER RILEY
DIRECTOR OF SPECIAL EDUCATION$158,538$0$0$0$0$0$30,281$0$22,013$0$210,832$0$0$0
JULIE FAWCETTE
VICE PRINCIPAL$141,685$0$0$0$0$0$27,062$0$17,336$0$186,083$0$0$0
WILLIAM SULLIVAN
HIGH SCHOOL PRINCIPAL$141,442$0$0$0$0$0$27,015$0$17,336$0$185,793$0$0$0
JESSICA ROBINSON
SPEECH LANGUAGE PATHOLOGIST$140,075$0$0$0$0$0$26,754$0$17,345$0$184,174$0$0$0
JULIE BRASWELL
FORMER SUPTERINTENDENT$140,984$0$0$0$0$0$26,928$0$4,218$0$172,130$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT AND DISBURSED TO THE BOARD MEMBERS FOR REVIEW AND COMMENT. MANAGEMENT WILL FINALIZE AFTER RECEIVING ANY INPUT OR FEEDBACK FROM THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CMANAGEMENT AND MEMBERS OF THE BOARD MUST ANNUALLY COMPLETE THE CA FORM 700 STATEMENT OF ECONOMIC INTEREST.
FORM 990, PART VI, SECTION B, LINE 15MANAGEMENT COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD AT A PUBLIC MEETING AND DOCUMENTED IN A WRITTEN EMPLOYMENT AGREEMENT.
FORM 990, PART VI, SECTION C, LINE 19PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
THE PALMDALE AEROSPACE ACADEMY FOUNDATION
3300 E PALMDALE BLVDPALMDALECA93550811881446SUPPORTING CORPORATIONCA501(C)(3)LINE 12A, IPALMDALE AEROSPACE ACADEMY INCYes (1)
PALMDALE AEROSPACE ACADEMY PTSO
3300 E PALMDALE BLVDPALMDALECA93550832339241PARENT TEACHER STUDENT ORGANIZATIONCA501(C)(3)LINE 70
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1THE PALMDALE AEROSPACE ACADEMY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeKTransactionTypeTxt
Involved$5,050,610InvolvedAmt
Method Of Amount DeterminationRENTSMethodOfAmountDeterminationTxt

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