First Flight Society Incorporated
- Assets
- $70.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kitty Hawk, NC
- Founding
- 08/1978
- Data as of
- 12/2020
- EIN
- 23-7365923
Organization Overview
First Flight Society Incorporated is located in Kitty Hawk, NC. The organization was established in 1978. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Flight Society Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, First Flight Society Incorporated generated $23.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $15.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Lou Copeland Director | 0.1 | $0 | |
Geneva Perry Director | 0.12 | $0 | |
Joe Lamothe Director | 0.12 | $0 | |
Mike Smith Director | 0.04 | $0 | |
M Roy Daniels III Director | 0.12 | $0 | |
Doug Seay Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,324 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,986 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,310 |
| 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 | $8,184 |
| Occupancy, rent, utilities, and maintenance | $367 |
| Printing, publications, postage, and shipping | $1,654 |
| Other expenses | $5,149 |
| Total expenses | $15,354 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,439 |
| Other assets | $0 |
| Total assets | $69,964 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,964 |