Piedmont Soaring Society
- Assets
- $86.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clemmons, NC
- Founding
- Data as of
- 12/2023
- EIN
- 16-1726127
Organization Overview
Piedmont Soaring Society is located in Clemmons, NC. 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. Piedmont Soaring Society 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, Piedmont Soaring Society generated $59.2k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $40.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 2 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
2023
Describe the Organization's Program Activity:
Part 3
WE PROVIDE A LOCATION FOR MEMBERS TO ENJOY THE SPORT OF SOARING (MOTORLESS FLIGHT). AS A CLUB, WE PROVIDE FLIGHT EQUIPMENT, AERO TOWS, AND FLIGHT TRAINING FROM FAA CERTIFIED INSTRUCTORS TO ALLOW OUR MEMBERS TO MAINTAIN / OBTAIN FAA CERTIFICATION (PILOT LICENSES). IN ADDITION WE OFFER EDUCATION AND INTRODUCTORY FLIGHTS FOR THOSE PERSONS INTERESTED IN EXPERIENCING SOARING AND JOINING OUR CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Garavaglia Board Member | 1 | $0 | |
Terry Good Board Member | 1 | $0 | |
Jake Alspaugh Board Member | 1 | $0 | |
Brian Kennedy Board Member | 1 | $0 | |
Bob Hills President | 1 | $0 | |
Jeff Daye Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $26,330 |
| Membership dues | $32,155 |
| Investment income | $735 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,220 |
| 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 | $800 |
| Occupancy, rent, utilities, and maintenance | $8,409 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,176 |
| Total expenses | $40,385 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,856 |
| Other assets | $0 |
| Total assets | $86,619 |
| Total liabilities | $13,800 |
| Net assets or fund balances | $72,819 |