The Pratt & Whitney Aircraft Club Inc
- Assets
- $555.5k
- Revenue
- $319.6k
- Investments
- $0.0
- Employees
- 2
- Location
- East Hartford, CT
- Founding
- 03/1957
- Data as of
- 12/2021
- EIN
- 06-0570970
Organization Overview
The Pratt & Whitney Aircraft Club Inc is located in East Hartford, CT. The organization was established in 1957. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Pratt & Whitney Aircraft Club Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pratt & Whitney Aircraft Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Pratt & Whitney Aircraft Club Inc generated $319.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $320.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
TO PROMOTE THE PHYSICAL HEALTH AND EMOTIONAL WELL-BEING OF OUR MEMBERS. BY DOING SO, WE ARE ALSO HELPING PRATT & WHITNEY AIRCRAFT EMPLOYEES ACHIEVE IMPROVED JOB PERFORMANCE AND ATTENDANCE, AS WELL AS EMPLOYEE SATISFACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL, ATHLETIC AND SPECIAL ACTIVITIES, INCLUDING SPORTS LEAGUES, TOURNAMENTS, PHYSICAL EDUCATION CLASSES. COORDINATING BUS TRIPS, OUTINGS, PICNICS, TOURS TO AMUSEMENT PARKS AND TOURIST ATTRACTIONS, AND DANCES.IN 2020, PROGRAM ACTIVITIES WERE SUBSTANTIALLY CURTAILED FROM MID-MARCH THROUGH THE END OF THE YEAR BY RESTRICTIONS RESULTING FROM THE COVID-19 PANDEMIC.IN 2021, P&W LEAGUES STARTED TO COME BACK INCLUDING VOLLEYBALL AND BASKETBALL, BUT NOT AT PRE-COVID LEVELS. MEMBERSHIP INCREASED, BUT NOT TO PRE-COVID LEVELS. GYM AND FIELD RENTALS ALSO PICKED UP TOWARD THE END OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Widun To 921 Club Manager | Officer | 40 | $50,015 |
Thomas Sudac From 1021 Club Manager | Officer | 40 | $7,011 |
Rick D Maulucci President | OfficerTrustee | 10 | $0 |
Matthew Dawson Vice President | OfficerTrustee | 1 | $0 |
Paul Lapierre Sec / Treasurer | OfficerTrustee | 1 | $0 |
Joe Hillmon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,409 |
| Total Program Service Revenue | $30,780 |
| Investment income | $836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,549 |
| 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 | -$11,389 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,582 |
| 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. | $62,026 |
| Compensation of current officers, directors, key employees. | $11,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $19,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,251 |
| Advertising and promotion | $0 |
| Office expenses | $393 |
| Information technology | $3,459 |
| Royalties | $0 |
| Occupancy | $139,931 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,800 |
| Insurance | $30,705 |
| All other expenses | $5,010 |
| Total functional expenses | $320,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,618 |
| Savings and temporary cash investments | $2,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,305 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $332,424 |
| Investments—publicly traded securities | $47,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $555,459 |
| Accounts payable and accrued expenses | $23,430 |
| 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 | $4,591 |
| Total liabilities | $28,021 |
| Net assets without donor restrictions | $527,438 |
| 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 | $555,459 |
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Joint Industry Board Of The Electrical Industry Flushing, NY | $28,826,269 | $51,807,728 |
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
New York State Nurses Association New York, NY | $106,360,017 | $53,864,397 |
United Brotherhood Of Carpenters & Joiners Of America Boston, MA | $146,178,722 | $53,186,412 |
Cement & Concrete Workers District Council Welfare Fund Flushing, NY | $115,712,146 | $34,540,506 |
Service Employees International Union Albany, NY | $31,308,144 | $40,993,536 |
Major League Baseball Players Assn New York, NY | $280,679,317 | $145,511,307 |