Yankee Flying Club Inc
- Assets
- $550.1k
- Revenue
- $161.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- 09/1969
- Data as of
- 12/2023
- EIN
- 23-7004234
Organization Overview
Yankee Flying Club Inc is located in Maple Grove, MN. The organization was established in 1969. 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. Yankee 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, Yankee Flying Club Inc generated $161.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $157.2k during the year ending 12/2023. 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
TO PROVIDE SOCIAL AND RECREATIONAL FLYING OPPORTUNITIES AND PROVIDE AVIATION SAFETY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY MEETINGS, EDUCATION SEMINARS, PICNICS, AND PLANE WASHES DEDICATED TO FOSTER & PROMOTE FLYING SAFETY TO THE ORGANIZATION'S MEMBERS. RECREATIONAL FLYING FAMILY MEMBERSHIPS.
SCHEDULED MAINTENANCE AND REGULAR EXPENSES FOR CLUB AIRCRAFT (INCLUDING INSURANCE, HANGAR RENT, DATABASES, LICENSES).
UNSCHEDULED MAINTENANCE AND USAGE-BASED COSTS OF AIRCRAFT UPKEEP.
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 |
|---|---|---|---|
Aaron Becker President | Trustee | 1 | $0 |
Max Roesler Vice President | Trustee | 1 | $0 |
Hal Rogers Member At Large | Trustee | 2 | $0 |
Jeff Long Maintenance | Trustee | 5 | $0 |
Robert Dahl Assistant Maintenance | Trustee | 2 | $0 |
Mike Jackson Treasurer | Trustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $160,970 |
| Investment income | $0 |
| 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 | $160,970 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $602 |
| Information technology | $1,486 |
| Royalties | $0 |
| Occupancy | $14,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,544 |
| Insurance | $39,004 |
| All other expenses | $126 |
| Total functional expenses | $157,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,402 |
| Savings and temporary cash investments | $5,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,451 |
| 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 | $355,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $550,066 |
| Accounts payable and accrued expenses | $1,524 |
| 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 | $1,524 |
| Net assets without donor restrictions | $0 |
| 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 | $548,542 |
| Total liabilities and net assets/fund balances | $550,066 |