West Valley Flying Club
- Assets
- $2.1m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Palo Alto, CA
- Founding
- 04/1975
- Data as of
- 12/2023
- EIN
- 51-0195039
Organization Overview
West Valley Flying Club is located in Palo Alto, CA. The organization was established in 1975. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, West Valley Flying Club employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Valley Flying Club 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, West Valley Flying Club generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
ALL ACTIVITIES OF THE WEST VALLEY FLYING CLUB ARE DIRECTLY CONNECTED TO THE OPERATION OF AN AIRPLANE FLYING CLUB FOR THE BENEFIT OF ITS APPROXIMATELY 1,000 MEMBERS,PROVIDING A NEWSLETTER, AIRCRAFT SCHEDULING, AIRCRAFT MAINTENANCE, FUEL SALES AND A CONNECTION BETWEEN INSTRUCTORS, STUDENTS AND AIRCRAFT OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES OF THE WEST VALLEY FLYING CLUB ARE DIRECTLY CONNECTED TO THE OPERATION OF AN AIRPLANE CLUB FOR THE BENEFIT OF ITS APPROXIMATELY 1,000 MEMBERS, PROVIDING A NEWSLETTER, AIRCRAFT SCHEDULING, AIRCRAFT MAINTENANCE, FUEL SALES AND A CONNECTION BETWEEN INSTRUCTORS, STUDENTS, AND AIRCRAFT OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Blonstein General Mana | Trustee | 40 | $193,224 |
Tom Correia Member Rep | Trustee | 1 | $0 |
Ian Druch Cfi Represen | Trustee | 1 | $0 |
Bob Johnson Secretary | OfficerTrustee | 1 | $0 |
Tom Myers Chairman | OfficerTrustee | 5 | $0 |
Daniel Ruiz Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $624,758 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $624,951 |
| Total Program Service Revenue | $5,069,277 |
| Investment income | $35,897 |
| 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 | $818,751 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,761,268 |
| 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. | $193,224 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $857,880 |
| Pension plan accruals and contributions | $43,174 |
| Other employee benefits | $72,249 |
| Payroll taxes | $91,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,937 |
| Advertising and promotion | $75,246 |
| Office expenses | $60,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,585 |
| Travel | $17,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,435 |
| Interest | $5,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,927 |
| Insurance | $39,006 |
| All other expenses | $85,071 |
| Total functional expenses | $6,460,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,623 |
| Savings and temporary cash investments | $1,156,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,324 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,839 |
| Prepaid expenses and deferred charges | $20,940 |
| Net Land, buildings, and equipment | $537,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,121 |
| Total assets | $2,120,533 |
| Accounts payable and accrued expenses | $112,352 |
| 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 | $453,972 |
| Total liabilities | $566,324 |
| Net assets without donor restrictions | $1,554,209 |
| 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 | $2,120,533 |