Mid-Atlantic Soaring Association Incorporated
- Assets
- $658.8k
- Revenue
- $124.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 73-6591834
Organization Overview
Mid-Atlantic Soaring Association Incorporated is located in Frederick, MD. The organization was established in 2009. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Mid-Atlantic Soaring Association Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mid-Atlantic Soaring Association Incorporated generated $124.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $124.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE, EDUCATIONAL, SCIENTIFIC MISSION: TO ADVANCE THE SCIENCE & ART OF MOTORLESS FLIGHT THROUGH FLIGHT INSTRUCTION, YOUTH SCHOLARSHIPS, EDUCATION PROGRAMS; TO PROVIDE FLIGHT EQUIPMENT, & SERVICES FACILITIES TO MEMBERS/COMMUNITY; TO RESEARCH SCIENTIFIC TECHNIQUES OF SOARING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLIDER FLYING CLUB, APPROXIMATELY 80-120 MEMBERS. PROVIDES LAUNCH SERVICES, STORAGE AND INSTRUCTION. EDUCATION FOR MEMBERS AND GENERAL PUBLIC. COMMUNITY SERVICE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Harbold Vice President | OfficerTrustee | 5 | $0 |
Nirmal Mathrani Treasurer | OfficerTrustee | 5 | $0 |
Michael Cooper-White Secretary | OfficerTrustee | 5 | $0 |
David Weaver President | OfficerTrustee | 5 | $0 |
Jose R Matheus Director | Trustee | 5 | $0 |
Danielle Brotto Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,066 |
| Total Program Service Revenue | $141,852 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,575 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,958 |
| Insurance | $26,678 |
| All other expenses | $12,364 |
| Total functional expenses | $124,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,364 |
| Net Land, buildings, and equipment | $525,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $658,811 |
| Accounts payable and accrued expenses | $5,996 |
| Grants payable | $0 |
| Deferred revenue | $56,222 |
| 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 | $88,938 |
| Total liabilities | $151,156 |
| Net assets without donor restrictions | $480,222 |
| Net assets with donor restrictions | $27,433 |
| 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 | $658,811 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-Atlantic Soaring Association Incorporated has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 09/08/21 | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
Delta Sigma Theta Sorority Inc Washington, DC | $59,604,954 | $43,935,038 |
Army Navy Country Club Arlington, VA | $99,356,910 | $42,965,360 |
Country Club Of Virginia Inc Richmond, VA | $91,534,297 | $40,685,067 |
Congressional Country Club Inc Bethesda, MD | $78,316,209 | $29,100,314 |
Chevy Chase Club Inc Chevy Chase, MD | $66,940,188 | $32,070,138 |
Woodmont Country Club Rockville, MD | $56,166,542 | $22,075,767 |
Baltimore Country Club Of Baltimore City Baltimore, MD | $35,586,521 | $23,737,459 |
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |