Aerostar Owners Association
- Assets
- $265.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Broken Arrow, OK
- Founding
- 11/1988
- Data as of
- 12/2022
- 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 12/2022, Aerostar Owners Association generated $123.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $92.5k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 7 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
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 | $40,000 | |
Walter J Kahn Director | 1 | $0 | |
Karl G Hutter Vice President | 1 | $0 | |
Robert Z Bliss Treasurer | 1 | $0 | |
Bruce M Witkop President | 1 | $0 | |
Gary L Evans Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,052 |
| Membership dues | $77,998 |
| Investment income | $5,238 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $33,522 |
| Other Revenue | $0 |
| Total Revenue | $123,901 |
| 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 | $13,565 |
| Other expenses | $78,931 |
| Total expenses | $92,496 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $265,286 |
| Other assets | $0 |
| Total assets | $265,330 |
| Total liabilities | $0 |
| Net assets or fund balances | $265,330 |