Aero Valley Property Owners Association

Organization Overview

Aero Valley Property Owners Association is located in Roanoke, TX. The organization was established in 1991. 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. Aero Valley 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 12/2022, Aero Valley Property Owners Association generated $227.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $102.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

AERO VALLEY PROPERTY OWNERS ASSOCIATION IS AN ORGANIZATION OPERATING EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE. THE ORGANIZATION MAINTAINS AND OVERSEES THE RUNWAYS, TAXIWAYS, AND COMMON GROUNDS OF A PUBLIC AIRPORT USED BY THE GENERAL PUBLIC OF SEVERAL RURAL COMMUNITIES IN THE STATE OF TEXAS. MAINTENANCE AND MANAGEMENT OF THESE AIRPORT FACILITIES GREATLY SERVES TO PROMOTE THE IMPROVEMENT OF THE WELFARE OF THESE COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO GOVERN AND MANAGE NORTHWEST REGIONAL AIRPORT FOR THE BENEFIT OF ALL PROPERTIES WITHIN AIRPORT BOUNDARIES UNDER THE AUTHORITY OF THE DEED RESTRICTIONS AND THE ASSOCIATION'S BYLAWS. TO ACQUIRE AND MAINTAIN PROPERTY AND FACILITIES FOR THE USE, ENJOYMENT, AND BENEFIT OF INDIVIDUALS WHO RESIDE WITHIN THE GEOGRAPHIC AREA SERVED BY THE ASSOCIATION AS MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS PURSUANT TO THE ASSOCIATION'S BYLAWS. TO PROMOTE AND ENCOURAGE THE USE, OPERATION, AND MAINTENANCE OF NORTHWEST REGIONAL AIRPORT FOR THE BENEFIT OF THE GEOGRAPHIC AREA SERVED BY THE AIRPORT, AND ESTABLISHED BY THE BOARD OF DIRECTORS, AND FOR THE BENEFIT OF USERS OF THE AIRPORT, INCLUDING THE FLYING PUBLIC, AS DEEMED APPROPRIATE BY THE BOARD. TO ACQUIRE OTHER PROPERTIES AND CONSTRUCT BUILDINGS FOR SUCH PURPOSES. TO ENGAGE IN ALL TYPES OF ACTIVITIES NOT PROHIBITED BY LAW THAT WILL PROMOTE BETTER CITIZENSHIP AMONG ITS MEMBERS AND STIMULATE EDUCATIONAL AND OTHER ACTIVITIES AS WILL RAISE THE STANDARDS OF CIVIC MORALITY AND COMMUNITY WELFARE. TO PROMOTE AND FOSTER MUTUAL UNDERSTANDING, GOODWILL, AND A SAFE, HEALTHY, AND SANITARY ENVIRONMENT AND TO DISSEMINATE SUCH KNOWLEDGE AS MAY BE USEFUL FOR ITS MEMBERS IN THEIR WORK, LEISURE, AND HOME LIFE, AS SUCH, MAKE THEM MORE PROFICIENT IN THEIR ACTIVITIES AS CITIZENS AND RESIDENTS OF THE STATE OF TEXAS.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Branyan
President
$0
Larry Martin
Treasurer
$0
Carey Sharp
Director
$0
Bob Smith
Director
$0
Scott Miller
Director
$0
Mike Love
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$227,397
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$227,397
Total Program Service Revenue$0
Investment income $334
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $227,731

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