Kona Shuttle Club Inc
- Assets
- $6.9m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 26-3216465
Organization Overview
Kona Shuttle Club Inc is located in Los Angeles, CA. Kona Shuttle Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Kona Shuttle Club Inc generated $12.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $13.6m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KONA SHUTTLE CLUB, INC IS A SOCIAL FLYING CLUB THAT ENABLES ITS MEMBERS, THEIR FAMILIES AND GUESTS TO SOCIALIZE, MINGLE AND SHARE COMMONALITIES AMONG ONE ANOTHER WHILE PROVIDING JET SERVICE BETWEEN THE MEMBERS COMMON COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF KONA SHUTTLE CLUB, INC. IS TO ENABLE ITS MEMBERS, THEIR FAMILY MEMBERS, AND GUESTS TO ENJOY DIRECT JET SERVICE BETWEEN OAKLAND INTERNATIONAL AIRPORT AND KONA INTERNATIONAL AIRPORT. THE CLUB IS A PRIVATE EQUITY MEMBERSHIP CLUB. THE MAXIMUM NUMBER OF EQUITY MEMBERSHIPS PERMITTED TO BE ISSUED IN THE CLUB IS 150. ALL OF THE MEMBERS ARE ALSO MEMBERS OF ONE OF THREE RESORT COMMUNITIES ON THE BIG ISLAND (KUKIO, HUALALAI AND MAUNA LANI), AND ARE GENERALLY FROM THE SAME GEOGRAPHIC AREA IN CALIFORNIA. AS SUCH, THEY ARE BUSINESS COLLEAGUES AND SOCIAL ACQUAINTANCES. THERE IS AN ACTIVE BOARD, MADE UP OF MEMBERS OF THE CLUB, WHO HELP NEGOTIATE SERVICE CONTRACTS, SET DUES LEVELS, AND MAKE OTHER OPERATING DECISIONS FOR THE CLUB MEMBERS. THE CLUB PLANE IS CONFIGURED WITH 68 FIRST-CLASS SEATS, WHICH PROVIDES THE OPPORTUNITY FOR THE MEMBERS TO MINGLE SOCIALIZE AND DISCUSS COMMONALITIES. EQUITY MEMBERS ARE REQUIRED TO PAY DUES, FEES AND CHARGES ASSOCIATED WITH THE EQUITY MEMBERSHIP. DUES SHALL, INSOFAR AS POSSIBLE, BE CALCULATED TO MEET THE ANNUAL OPERATING COSTS OF THE CLUB. A SPECIAL ASSESSMENT, IN ADDITION TO DUES, MAY BE NECCESARY TO COVER ANY OPERATING DEFICITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Ambrose President | OfficerTrustee | 1 | $0 |
L William Krause Vice President | OfficerTrustee | 1 | $0 |
Christopher Lenzo Secretary | OfficerTrustee | 1 | $0 |
Kevin M Allen Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,884,005 |
| Investment income | $58,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,942,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $13,475 |
| Fees for services: Accounting | $25,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,978 |
| Information technology | $22,267 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,983 |
| Insurance | $4,360 |
| All other expenses | $13,486,417 |
| Total functional expenses | $13,589,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,172 |
| Savings and temporary cash investments | $5,507,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $853,166 |
| 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 | $7,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,000 |
| Total assets | $6,922,722 |
| Accounts payable and accrued expenses | $1,197,471 |
| 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 | $5,803,952 |
| Total liabilities | $7,001,423 |
| Net assets without donor restrictions | $0 |
| 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 | -$78,701 |
| Total liabilities and net assets/fund balances | $6,922,722 |