South Shore Flying Club Inc
- Assets
- $423.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 04-2654994
Organization Overview
South Shore Flying Club Inc is located in Weymouth, MA. The organization was established in 1999. 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. South Shore 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, South Shore Flying Club Inc generated $138.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $87.7k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE INTEREST IN AVIATION, BRING MORE PEOPLE THE BENEFITS AND ENJOYMENT OF FLYING AT ECONOMICAL RATES THROUGH SOCIAL, EDUCATIONAL AND RECREATIONAL ACTIVITIES OF FLYING. MEMBERS PARTICIPATE IN FLY-INS, FLIGHT TRAINING, FLIGHT EDUCATION AND SOCIAL FLIGHTS.
Describe the Organization's Program Activity:
Part 3
MEMBERS FLEW THE CLUB'S PLANES FOR SOCIAL AND RECREATIONAL FLYING. MEMBERS ALSO FLEW WITH INSTRUCTORS TO MAINTAIN PROFICIENCY AND FAA REQUIRED BI-ANNUAL REVIEWS. ONE MEMBER OBTAINED GOLD SEAL CFI, CFII & MEI, FAASTEAM WINGSPRO CERTIFICATIONS. ONE MEMBERS OBTAINED THEIR INSTRUMENT RATING.
ONE MEMBER TOOK AERIAL FLIGHTS FOR PHOTOGRAPHY, DOCUMENTING MASSACHUSETTS COASTAL EROSION. ALSO FOR LOCAL PHOTOGRAPHY SUCH AS PROPERTIES AND HISTORICAL FEATURES TO PROMOTE INTEREST IN GENERAL AVIATION. PREPARED TRAINING VIDEOS FOR USE OF CLUB AIRCRAFT AND ENHANCE SAFETY.
MEMBERS TOOK TWELVE MEMBERS OF THE PUBLIC FOR INTRODUCTORY FLIGHTS BOTH LOCAL AND AROUND NEW ENGLAND FOR A TOTAL OF TWENTY SEVEN HOURS OF FLYING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Swenson Director | 0.5 | $0 | |
Mark Wilcox Director | 0.5 | $0 | |
Daniel Porrazzo President | 0.5 | $0 | |
Steven Rusconi Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $138,683 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,686 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $74 |
| Other expenses | $87,584 |
| Total expenses | $87,658 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,747 |
| Other assets | $0 |
| Total assets | $423,911 |
| Total liabilities | $87,987 |
| Net assets or fund balances | $335,924 |