Tbm 700 Owners And Pilots Association Inc
- Assets
- $530.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Acworth, GA
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-1618146
Organization Overview
Tbm 700 Owners And Pilots Association Inc is located in Acworth, GA. The organization was established in 2004. 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. Tbm 700 Owners And Pilots Association 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 12/2023, Tbm 700 Owners And Pilots Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 8.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A. TO SERVE AS A FORUM FOR OWNERS AND PILOTS OF ALL SERIES OF DAHER TBM 700, TBM 850 AND TBM 900 AIRCRAFT TO EXCHANGE INFORMATION, IDEAS AND KNOWLEDGE REGARDING THE SAFE, PLEASURABLE, PROPER AND COST EFFECTIVE USE, PILOTAGE,OPERATION AND MAINTENANCE OF THE AIRCRAFT DURING THE ANNUAL CONVENTION. B. TO PROMOTE SAFETY AND OTHER STANDARDS OF USE, PILOTAGE, OPERATION AND MAINTENANCE OF THE AIRCRAFT BY THE MEMBERS DURING THE CONVENTION. C. TO FOSTER EDUCATIONAL AND DEVELOPMENT OPPORTUNITIES FOR MEMBERS WHO ARE PILOTS OR OWNERS OF THE AIRCRAFT, ENHANCING THE NECESSARY COMPETENCIES OF THE MEMBERS WITH RESPECT TO THE USE, PILOTAGE, OPERATION AND MAINTENANCE OF THE AIRCRAFT. MEETINGS DURING ANNUAL CONVENTION. D. TO SERVE AS A CLEARINGHOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE USE, PILOTAGE, OPERATION AND MAINTENANCE OF THE AIRCRAFT. SEE WEBSITE. E. TO PROVIDE RECREATIONAL AND SOCIAL OPPORTUNITIES AMONG THE MEMBERS IN CONNECTION WITH THE SAFE AND PLEASURABLE USE OF THE AIRCRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS ANNUALLY A CONVENTION FOR ITS MEMBERS WHERE THEY ATTEND EDUCATIONAL TRAINING AND SAFETY SEMINARS. THE 2023 CONVENTION WAS HELD IN COLORADO SPRINGS,COLORADO, USA. ATTENDANCE EXCEEDED 323. EACH PILOT RECEIVED 26 HOURS OF TRAINING.
THE ASSOCIATION ORGANIZED AND CO-SPONSORED A SERIES OF EVENTS AT THE 2023 OSHKOSH AIRSHOW IN OSHKOSH, WISCONSIN TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO GATHER AND EXCHANGE EXPERIENCES GAINED AT THE AIR SHOW AND TO FOSTER THE EXCHANGE OF INFORMATION REGARDING THE SALE AND PLEASURABLE USE OF THE MEMBERS'S TBM AIRCRAFT. APPROXIMATELY 55 OWNERS ATTENDED. TOTAL ATTENDANCE EXCEEDED 120.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Fortenbury Director | Trustee | 1 | $0 |
John Grunsfeld Director | Trustee | 1 | $0 |
Dave Kaplan Director | Trustee | 1 | $0 |
Tom Kieffer Director | Trustee | 1 | $0 |
Dierk Rueter Director | Trustee | 1 | $0 |
Thomas Solano Director,vc | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $240,459 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,459 |
| Total Program Service Revenue | $827,451 |
| Investment income | $27,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,095,730 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $181,485 |
| Fees for services: Legal | $13,928 |
| Fees for services: Accounting | $8,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,115 |
| Office expenses | $33,435 |
| Information technology | $21,615 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $915,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,717 |
| All other expenses | $0 |
| Total functional expenses | $1,206,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,005 |
| Savings and temporary cash investments | $501,185 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,529 |
| Total assets | $530,719 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $530,719 |
| 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 | $530,719 |