Gateway Flying Club Inc
- Assets
- $388.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blaine, MN
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 36-4817267
Organization Overview
Gateway Flying Club Inc is located in Blaine, MN. The organization was established in 2018. 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. Gateway Flying 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, Gateway Flying Club Inc generated $190.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $180.1k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
0
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Willey President | 1 | $0 | |
Gordon Kasseth Vpsecretary | 1 | $0 | |
Shawn Schwartz Treasurer | 3 | $0 | |
Matt Douglas Safety Operations Officer | 3 | $0 | |
Eric Oestreich Maintenance Officer | 3 | $0 | |
James Roesler Facilities Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,846 |
| Membership dues | $115,118 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,964 |
| 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 | $21,489 |
| Printing, publications, postage, and shipping | $29 |
| Other expenses | $158,599 |
| Total expenses | $180,117 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,045 |
| Other assets | $0 |
| Total assets | $388,611 |
| Total liabilities | $86,956 |
| Net assets or fund balances | $301,655 |