Illinois Valley Flying Club Inc
- Assets
- $239.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Peru, IL
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 37-1215071
Organization Overview
Illinois Valley Flying Club Inc is located in Peru, IL. The organization was established in 1997. 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. Illinois Valley 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 12/2022, Illinois Valley Flying Club Inc generated $164.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $154.8k during the year ending 12/2022. While expenses have increased by 24.2% per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3
MEMBERS OF THE FLYING CLUB ARE ABLE TO RENT AIRPLANCES OWNED BY THE CLUB FOR THE ENJOYMENT OF FLYING. THIS ALLOWS AFFORDABLE AND RELIABLE AIRCRAFT FOR MEMBERS ENJOYMENT
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 |
|---|---|---|---|
Charles Studer President | 15 | $0 | |
Harold Deacon Vice President | 5 | $0 | |
Dwight Furleigh Secretary | 10 | $0 | |
Jane Goetz Treasurer | 10 | $0 | |
Doug Hearn Maintenance Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,354 |
| Total Program Service Revenue | $106,962 |
| Membership dues | $35,545 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,498 |
| Other Revenue | $5,083 |
| Total Revenue | $164,497 |
| 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 | $154,833 |
| Total expenses | $154,833 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,139 |
| Other assets | $0 |
| Total assets | $239,546 |
| Total liabilities | $15,949 |
| Net assets or fund balances | $223,597 |