Delaware Valley Aviation Inc
- Assets
- $427.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Langhorne, PA
- Founding
- Data as of
- 12/2023
- EIN
- 90-0612176
Organization Overview
Delaware Valley Aviation Inc is located in Langhorne, PA. Delaware Valley Aviation 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, Delaware Valley Aviation Inc generated $181.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $201.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 4 years. 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
THE ORGANIZATION PROVIDES AIRCRAFT FOR PLEASURE AND PERSONAL TRANSPORTATION AT AN ECONOMIC RATE WHILE EDUCATING AND QUALIFYING ITS MEMBERS PILOTING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Morrow President | 1 | $0 | |
Kurt Gasper Vice President | 1 | $0 | |
Robert Walters Secretary | 1 | $0 | |
Todd Warner Treasurer | 1 | $0 | |
Tom Howland Maintenance Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $106,218 |
| Membership dues | $72,882 |
| Investment income | $1,498 |
| Gain or Loss | -$636 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,813 |
| Total Revenue | $181,775 |
| 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 | $1,632 |
| Occupancy, rent, utilities, and maintenance | $15,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $183,976 |
| Total expenses | $201,208 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $151,522 |
| Other assets | $0 |
| Total assets | $427,022 |
| Total liabilities | $128,148 |
| Net assets or fund balances | $298,874 |