Flying 20 Club
- Assets
- $435.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 08/1975
- Data as of
- 12/2023
- EIN
- 73-6501009
Organization Overview
Flying 20 Club is located in Springfield, IL. The organization was established in 1975. 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. Flying 20 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, Flying 20 Club generated $178.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $189.8k during the year ending 12/2023. While expenses have increased by 8.0% 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
RENTAL OF AIRPLANES TO MEMBERS IN ORDER FOR THEM TO FLY AND KEEP THEIR LICENSES ACTIVE AND UP TO DATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Swift President | 1 | $0 | |
Al Conrad Treasurer | 3 | $0 | |
Dan Sluga Secretary | 1 | $0 | |
Cristian Barillas Maintence Offic | 2 | $0 | |
Dan Lohmar Safety Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $178,631 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178,631 |
| 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 | $189,752 |
| Total expenses | $189,752 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,922 |
| Other assets | $0 |
| Total assets | $435,638 |
| Total liabilities | $5,473 |
| Net assets or fund balances | $430,165 |