Tailhook Association
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- San Diego, CA
- Founding
- 02/1969
- Data as of
- 12/2022
- EIN
- 95-2555350
Organization Overview
Tailhook Association is located in San Diego, CA. The organization was established in 1969. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Tailhook Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tailhook Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Tailhook Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 13.0% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TAILHOOK ASSOCIATION IS AN INDEPENDENT, FRATERNAL, NONPROFIT ORGANIZATION INTERNATIONALLY RECOGNIZED AS THE PREMIER SUPPORTER OF THE AIRCRAFT CARRIER AND OTHER SEA-BASED AVIATION.THE PURPOSE OF THE ASSOCIATION ARE: TO FOSTER, ENCOURAGE, DEVELOP, STUDY, AND SUPPORT THE AIRCRAFT CARRIER, SEA-BASED AIRCRAFT, BOTH FIXED AND ROTARY WING, AND AIRCREWS OF THE UNITED STATES OF AMERICA; AND TO EDUCATE AND INFORM THE PUBLIC IN THE APPROPRIATE ROLE OF THE AIRCRAFT CARRIER AND CARRIER AVIATION IN THE NATIONS'S DEFENSE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED FOUR ISSUES OF THE CARRIER AVIATION JOURNAL.THE CARRIER AVIATION JOURNAL EDUCATES THE GENERAL PUBLIC AND WASHINGTON LEADERSHIP - IT INCLUDES: A BRIEF WRITTEN BY THE SENIOR OPERATIONS LEADERSHIP IN THE NAVAL AND MARINE CORPS AVIATION COMMUNITY. HISTORICAL ARTICLES ABOUT THE GROWTH AND STRENGTHS OF THE US NAVY IN OUR NATIONAL DEFENSE SYSTEM. A SUMMARY OF ALL NAVY AND MARINE CORPS CHANGES OF COMMAND. ACTIVE DUTY SQUADRON PARTICIPATION IN ONGOING CONFLICTS IN THE MIDDLE EAST.HOSTED A PROFESSIONAL NATIONAL SYMPOSIUM ALLOWING ACTIVE DUTY JUNIOR AND SENIOR LEADERSHIP DIRECT CONTACT WITH INDUSTRY LEADERS.HOSTED REGIONAL SYMPOSIUMS FOCUSING ON TACTICAL CAPABILITIES OF CURRENT AIRCRAFT AND WEAPONS SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Capt Greggory Keithley Usn Executive Dir. | OfficerTrustee | 40 | $147,000 |
Vadm Gerlad Beaman Usn Ret Director | Trustee | 0 | $0 |
Lcol Frank Savarese Usmc Director | Trustee | 0 | $0 |
Radm Mike Manazir Usn Ret Director | Trustee | 0 | $0 |
Cdr Adan Covarrubias Usn Director | Trustee | 0 | $0 |
Capt Walt Slaughter Usn Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $367,544 |
| Investment income | $47,208 |
| 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 | $41,274 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,530,755 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,632 |
| Pension plan accruals and contributions | $13,909 |
| Other employee benefits | $0 |
| Payroll taxes | $49,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,554 |
| Advertising and promotion | $0 |
| Office expenses | $3,542 |
| Information technology | $15,743 |
| Royalties | $0 |
| Occupancy | $68,600 |
| Travel | $16,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $321,660 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,508 |
| Insurance | $14,291 |
| All other expenses | -$120,360 |
| Total functional expenses | $2,029,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,763 |
| Savings and temporary cash investments | $97,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,212 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $305,035 |
| Investments—publicly traded securities | $1,916,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,500,696 |
| Accounts payable and accrued expenses | $51 |
| 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 | $1,334 |
| Total liabilities | $1,385 |
| Net assets without donor restrictions | $2,499,311 |
| 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 | $2,500,696 |