Schaumburg Flying Club Nfp
- Assets
- $132.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 01-0746249
Organization Overview
Schaumburg Flying Club Nfp is located in Palatine, IL. The organization was established in 2004. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schaumburg Flying Club Nfp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Schaumburg Flying Club Nfp generated $108.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $81.7k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TWO AIRPLANES WERE MAINTAINED AND AVAILABLE FOR 20 MEMBERS OF THE ORGANIZATION FOR RECREATIONAL FLYING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hall Director | 1 | $0 | |
Kevin Fletcher Vice President | 1 | $0 | |
Chris Oneill Secretary | 1 | $0 | |
Gene Woods Treasurer | 2 | $0 | |
Norbert Paprocki Maintenance Officer | 1 | $0 | |
Ken Jarosch President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $72,031 |
| Membership dues | $36,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,031 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $81,683 |
| Total expenses | $81,683 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,704 |
| Other assets | $0 |
| Total assets | $132,771 |
| Total liabilities | $141,109 |
| Net assets or fund balances | -$8,338 |
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