Aero Club Of New England
- Assets
- $1.0m
- Revenue
- $89.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bedford, MA
- Founding
- 03/1982
- Data as of
- 06/2021
- EIN
- 04-2743144
Organization Overview
Aero Club Of New England is located in Bedford, MA. The organization was established in 1982. 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. Aero Club Of New England 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 06/2021, Aero Club Of New England generated $89.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $41.7k during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO MEN AND WOMEN ENTERING AVIATION CAREERS; AND TO PROVIDE AVIATION SAFETY SEMINARS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AERO CLUB SPONSORS APPROXIMATELY 25 SCHOLARSHIPS ANNUALLY TO ASSISTTHOSE PURSUING CAREERS IN AVIATION; AND ALSO SPONSORS AVIATION SAFETYSEMINARS; AS WELL AS AWARDS RECOGNIZING PEOPLE WHO HAVE MADESIGNIFICANT CONTRIBUTIONS IN AVIATION & SPACE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Godfrey Director | OfficerTrustee | 2.5 | $0 |
Georgia Pappas Co-President/director | OfficerTrustee | 12 | $0 |
David Hampson V.p./director | OfficerTrustee | 2.5 | $0 |
Dan Schrager Co-President/director | OfficerTrustee | 3.5 | $0 |
Keith Leonhardt Secretary/director | OfficerTrustee | 4 | $0 |
Gary Kearney Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,899 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,649 |
| Total Program Service Revenue | $3,263 |
| Investment income | $13,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,582 |
| 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 | $0 |
| Fees for services: Legal | $70 |
| Fees for services: Accounting | $7,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $194 |
| Office expenses | $2,745 |
| Information technology | $1,262 |
| Royalties | $0 |
| Occupancy | $2,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $985 |
| All other expenses | $0 |
| Total functional expenses | $41,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,167 |
| Savings and temporary cash investments | $17,555 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $953,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,024,498 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,024,498 |
| 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 | $1,024,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aero Club Of New England has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Cabot Family Charitable Tr Boston, MA PURPOSE: EXEMPT PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
Milbrook Club Inc Greenwich, CT | $17,388,831 | $9,460,454 |
Country Club Of Fairfield Inc Fairfield, CT | $29,190,882 | $7,946,208 |
Garden City Country Club Inc Garden City, NY | $15,572,533 | $8,460,994 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Waccabuc Country Club Company Waccabuc, NY | $11,539,520 | $7,312,621 |