Bay Area Soaring Associates Inc
- Assets
- $130.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 00/0000
- Data as of
- 09/2023
- EIN
- 94-1663748
Organization Overview
Bay Area Soaring Associates Inc is located in San Jose, CA. The organization was established in 0000. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Soaring Associates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Bay Area Soaring Associates Inc generated $49.5k 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 (5.5%) each year. All expenses for the organization totaled $53.6k during the year ending 09/2023. 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
PROVIDED AND MAINTAINED AIRCRAFT FOR USE BY CLUB MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Lee Director And President | 5 | $0 | |
Jerome Klajbor Director, Vice President And Secretary | 5 | $0 | |
Harry Fox Director And Treasurer | 5 | $0 | |
Charles Hayes Director And Flight Committee Chairman | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,452 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,462 |
| 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 | $24,767 |
| Occupancy, rent, utilities, and maintenance | $7,460 |
| Printing, publications, postage, and shipping | $408 |
| Other expenses | $20,968 |
| Total expenses | $53,603 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,907 |
| Other assets | $0 |
| Total assets | $130,607 |
| Total liabilities | $0 |
| Net assets or fund balances | $130,607 |