Fairmont Flying Club Inc
- Assets
- $2.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, WV
- Founding
- Data as of
- 12/2023
- EIN
- 85-3051247
Organization Overview
Fairmont Flying Club Inc is located in Fairmont, WV. 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. Fairmont Flying Club Inc 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, Fairmont Flying Club Inc generated $54.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $58.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Whitley President | 20 | $0 | |
Tyler Wamsley Vice Presdietn | 10 | $0 | |
Christopher Moran Treasurer | 20 | $0 | |
William Guiler Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $44,435 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,846 |
| 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 | $101 |
| Occupancy, rent, utilities, and maintenance | $5,700 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,313 |
| Total expenses | $58,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,651 |
| Other assets | $0 |
| Total assets | $2,651 |
| Total liabilities | $20,266 |
| Net assets or fund balances | -$17,615 |