Aerostar Owners Association
- Assets
- $233.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Broken Arrow, OK
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 52-1444908
Organization Overview
Aerostar Owners Association is located in Broken Arrow, OK. The organization was established in 1988. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerostar Owners Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Aerostar Owners Association generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED SAFETY AND MAINTENANCE INFORMATION THROUGH THE COMPANY WEBSITE AND CONVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth H Bacon Jr Executive Director | 10 | $36,667 | |
Richard Schmidt Director | 1 | $0 | |
Walter J Kahn Director | 1 | $0 | |
Bruce M Witkop President | 1 | $0 | |
Robert Z Bliss Treasurer | 1 | $0 | |
Charles A Southall Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,794 |
| Membership dues | $83,162 |
| Investment income | $137 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,128 |
| Other Revenue | $50 |
| Total Revenue | $88,441 |
| 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 | $15,290 |
| Other expenses | $86,681 |
| Total expenses | $101,971 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $233,873 |
| Other assets | $0 |
| Total assets | $233,925 |
| Total liabilities | $0 |
| Net assets or fund balances | $233,925 |
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