Monterey County Airshow Assn Inc
- Assets
- $372.4k
- Revenue
- $964.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Salinas, CA
- Founding
- 05/1981
- Data as of
- 12/2021
- EIN
- 94-2745231
Organization Overview
Monterey County Airshow Assn Inc is located in Salinas, CA. The organization was established in 1981. 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. Monterey County Airshow Assn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Monterey County Airshow Assn Inc generated $964.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $745.6k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AIRSHOW EACH YEAR IS TO STAGE A FAMILY-ORIENTED EVENT FOR THE COMMUNITY USING VOLUNTEERS AND SERVICE CLUBS AND THEN PASSING THROUGH THE NET PROCEEDS TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 40TH CALIFORNIA INTERNATIONAL AIRSHOW WAS HELD OCTOBER 30-31, 2021 AT THE SALINAS AIRPORT. THE MISSION OF THE AIRSHOW EACH YEAR IS TO STAGE A FAMILY-ORIENTED EVENT FOR THE COMMUNITY USING VOLUNTEERS AND SERVICE CLUBS AND THEN PASSING THROUGH THE NET PROCEEDS TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Wardwell Executive Dir. | Officer | 40 | $60,000 |
Mikel Ann Miller Secretary | OfficerTrustee | 2 | $0 |
Don Chapin III Vice President | OfficerTrustee | 2 | $0 |
Karen Curtis President | OfficerTrustee | 3 | $0 |
A J Flores Treasurer | OfficerTrustee | 2 | $0 |
Linda Wright Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $414,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,065 |
| Total Program Service Revenue | $473,611 |
| Investment income | $0 |
| 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 | $76,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $964,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,327 |
| Office expenses | $16,302 |
| Information technology | $272 |
| Royalties | $0 |
| Occupancy | $836 |
| Travel | $1,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,838 |
| All other expenses | $85,393 |
| Total functional expenses | $745,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $372,436 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $372,436 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $372,436 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Monterey County Airshow Assn Inc has recieved totaling $5,365.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desert Mountain Club Inc Scottsdale, AZ | $166,271,047 | $90,760,793 |
Blackhawk Country Club Danville, CA | $46,780,436 | $25,821,111 |
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |