Penn Yan Flying Club Inc
- Assets
- $536.3k
- Revenue
- $292.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Penn Yan, NY
- Founding
- 09/1974
- Data as of
- 12/2023
- EIN
- 16-0586352
Organization Overview
Penn Yan Flying Club Inc is located in Penn Yan, NY. The organization was established in 1974. As of 12/2023, Penn Yan Flying Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Yan 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, Penn Yan Flying Club Inc generated $292.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $286.9k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FLYING INSTRUCTION AND AIRCRAFT SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLYING INSTRUCTION AND AIRCRAFT SUPPORT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gruschow President | OfficerTrustee | 5 | $0 |
Joshua Moore Cash Treasurer | OfficerTrustee | 5 | $0 |
Dave Bliek Corresponding Secretary | OfficerTrustee | 5 | $3,306 |
Tad Smith Buildings & Grounds | OfficerTrustee | 5 | $0 |
Howard Bozenhard Human Resources | OfficerTrustee | 5 | $0 |
Javan Martin Recording Secretary | OfficerTrustee | 5 | $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 | $2,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013 |
| Total Program Service Revenue | $233,476 |
| Investment income | $6,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,493 |
| Net Gain/Loss on Asset Sales | $2,073 |
| Net Income from Fundraising Events | $10,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,462 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,861 |
| 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. | $20,342 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,205 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $942 |
| Information technology | $2,221 |
| Royalties | $0 |
| Occupancy | $20,832 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,215 |
| Insurance | $26,407 |
| All other expenses | $699 |
| Total functional expenses | $286,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,046 |
| Savings and temporary cash investments | $20,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,725 |
| Prepaid expenses and deferred charges | $9,249 |
| Net Land, buildings, and equipment | $114,141 |
| Investments—publicly traded securities | $330,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,375 |
| Other assets | $0 |
| Total assets | $536,343 |
| Accounts payable and accrued expenses | $2,999 |
| 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 | $586 |
| Total liabilities | $3,585 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $286,789 |
| Paid-in or capital surplus, or land, building, or equipment fund | $200,352 |
| Retained earnings, endowment, accumulated income, or other funds | $45,617 |
| Total liabilities and net assets/fund balances | $536,343 |