Upper 15 Inc
- Assets
- $202.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 14-1794661
Organization Overview
Upper 15 Inc is located in Latham, NY. The organization was established in 1997. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Upper 15 Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Upper 15 Inc generated $42.2k 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 (22.4%) each year. All expenses for the organization totaled $37.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROMOTES SAFE AND ECONOMICAL FLYING BY OWNING AND MAINTAINING A SINGLE-ENGINE AIRCRAFT FOR MEMBER TRAINING AND FLYING. MEMBER ACHIEVEMENTS AND SKILLS ARE MONITORED AND MEMBERS ARE GIVEN OPPORTUNITIES TO IMPROVE THEIR SKILLS THROUGH INSTRUCTION THROUGH APPROVED INSTRUCTORS. MEMBERS ARE ALSO PROVIDED WITH PERIODIC INSTRUCTION PROGRAMS ON THE DESIGN AND OPERATION OF AIRCRAFT SYSTEMS AND THE PHYSICS OF FLIGHT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Duso President/treasurer | 2 | $0 | |
Robert Jones Vice President/board Member | 1 | $0 | |
Harry Gochee III Board Member | 1 | $0 | |
Robert Heslin Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $42,179 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,179 |
| 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 | $4,554 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,416 |
| Total expenses | $36,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,459 |
| Other assets | $0 |
| Total assets | $202,345 |
| Total liabilities | $101,883 |
| Net assets or fund balances | $100,462 |
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