Madison Airport Board Inc

Organization Overview

Madison Airport Board Inc is located in Richmond, KY. The organization was established in 1980. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Airport Board 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 06/2021, Madison Airport Board Inc generated $436.7k 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 (11.2%) each year. All expenses for the organization totaled $420.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AIRPORT SERVICES TO RICHMOND, BEREA AND MADISON COUNTY AREAS IN KENTUCKY AND AVIATION TRAINING TO EASTERN KENTUCKY UNIVERSITY STUDENT AVIATION PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE AIRPORT PROVIDES SERICES TO THE CITY OF RICHMOND, CITY OF BEREA, MADISON COUNTY AND EASTERN KENTUCKY UNIVERSITY STUDENT AVIATION PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Myron Fisher
Treasurer
$0
Dr Adrienne Millet MD
President
$0
Steve Tussey
Vice Chairma
$0
George Wyatt
Chairman
$0
Charles Conley
Board Member
$0
Dr Wilma Walker MD
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Central Seal Co
Paving / Sealing
$100,274
American Engieers Inc
Engineer Services
$217,786
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $340,531
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$340,531
Total Program Service Revenue$87,120
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 $436,693

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