Lakeland Aero Club Inc
- Assets
- $423.2k
- Revenue
- $299.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Lakeland, FL
- Founding
- 07/2015
- Data as of
- 09/2023
- EIN
- 32-0463941
Organization Overview
Lakeland Aero Club Inc is located in Lakeland, FL. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Lakeland Aero Club Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Aero Club Inc 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 09/2023, Lakeland Aero Club Inc generated $299.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $303.3k during the year ending 09/2023. 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 INSPIRE HIGH SCHOOL STUDENTS TO PURSUE A FUTURE IN AVIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKELAND AERO CLUB IS A HIGH SCHOOL FLYING CLUB THAT TEACHES HIGH SCHOOL AND COLLEGE AGE STUDENTS HOW TO FLY AND RESTORE ANTIQUE AIRPLANES. MEMBERS OF THE CLUB HAVE THE ABILITY TO RECEIVE HANDS ON EXPERIENCE IN ANY ASPECT OF AVIATION THEY SO DESIRE. MEMBERSHIP IS AVAILABLE TO ANY HIGH SCHOOL OR COLLEGE STUDENT WITHIN THE AGES OF FOURTEEN AND NINTEEN, WHO EXPRESS AN INTEREST IN AVIATION, ARE OF GOOD MORAL CHARACTER, AND ARE ACADEMICALLY ACHIEVING. MEMBERS OF THE LAKELAND AERO CLUB ARE PRIMARILY RESPONSIBLE FOR MAINTAINING THE CLUB'S AIRCRAFT, MAINTAINING THE CLUB'S FACILITY, AND MAINTAINING THE CLUB'S REPUTATION UNDER THE SUPERVISION OF CERTIFIED AIRCRAFT MECHANICS. THE LAKELAND AERO CLUB EXISTS TO PROVIDE AN OPPORTUNITY FOR LOCAL YOUTH TO GET INVOLVED AND MAKE A FUTURE IN AVIATION. THERE WERE APPROXIMATELY 45 STUDENTS IN THE CLUB IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Zidziunas President | OfficerTrustee | 40 | $65,000 |
Adam Lake Vice President | OfficerTrustee | 2 | $0 |
Chuck Brown Treasurer | OfficerTrustee | 2 | $0 |
Tim Wells Chairman, Secretary | OfficerTrustee | 2 | $0 |
Jamie Becket Member At Large Thru 8/2023 | Trustee | 2 | $0 |
David Leiting Jr Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,460 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,751 |
| Total Program Service Revenue | $16,601 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,836 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,000 |
| Compensation of current officers, directors, key employees. | $6,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,422 |
| 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 | $1,911 |
| Advertising and promotion | $3,403 |
| Office expenses | $14,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,274 |
| Travel | $5,419 |
| 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 | $34,972 |
| Insurance | $18,752 |
| All other expenses | $2,908 |
| Total functional expenses | $303,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,028 |
| 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 | $411,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $423,224 |
| Accounts payable and accrued expenses | $5,639 |
| 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 | $5,639 |
| 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 | $417,585 |
| Total liabilities and net assets/fund balances | $423,224 |