Regional Air Cargo Carriers Association Inc

Organization Overview

Regional Air Cargo Carriers Association Inc is located in Hyannis, MA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Air Cargo Carriers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, Regional Air Cargo Carriers Association Inc generated $497.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $387.8k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION AND PROMOTION OF AIR CARGO CARRY SERVICES, TRANSPORTATION REQUIREMENTS ANDDEVELOPMENTS, AND INDUSTRY DEMANDS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE THE EDUCATION AND PROGRESSION OF AIR CARGO TRANSPORTATION AND HELP TO ENHANCE AND IMPROVE EXISTINGSERVICES IN THE SAID ENDEAVOR.


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Board, Officers & Key Employees

Name (title)Compensation
Stanley Bernstein
President
$52,000
John Hazlet
Vice President
$15,000
Donna Nixon
Director
$0
William West Jr
Director
$0
Dustin Teverbaugh
Director
$0
Mike Church
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$91,245
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$38,905
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$130,150
Total Program Service Revenue$323,911
Investment income $33,637
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,582
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $497,280

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