Flying Property Owners Association
- Assets
- $272.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bandera, TX
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 74-2123318
Organization Overview
Flying Property Owners Association is located in Bandera, TX. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flying Property Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Flying Property Owners Association generated $137.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $91.5k during the year ending 12/2023. While expenses have increased by 6.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MAINTENANCE OF THE ROADS AND PROPERTIES OF THE FLYING L SUBDIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Knight Chairman | 5 | $0 | |
Larry Mensch Vice Chairman | 5 | $0 | |
Sharon Lee Buchanan Executive Sec | 5 | $0 | |
Caroline James Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $120,931 |
| Investment income | $2,790 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,764 |
| Total Revenue | $137,485 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,000 |
| Professional fees and other payments to independent contractors | $4,868 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,677 |
| Total expenses | $91,545 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $269,043 |
| Other assets | $0 |
| Total assets | $272,625 |
| Total liabilities | $0 |
| Net assets or fund balances | $272,625 |