Lake Elsinore Soaring Club
- Assets
- $152.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wildomar, CA
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 33-0372563
Organization Overview
Lake Elsinore Soaring Club is located in Wildomar, CA. The organization was established in 1993. 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. Lake Elsinore Soaring Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Lake Elsinore Soaring Club generated $91.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $104.3k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RECREATION & SPORTS PROGRAMS. GENERAL/OTHER: PROVIDE TOW SERVICES FOR GLIDERS, PROVIDE GLIDER FLYING INSTRUCTION, PROVIDE INTRODUCTORY GLIDER RIDES TO THE PUBLIC BY CLUB MEMBERS, AND SPONSORING OF SOCIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theordore Johnson President | 8 | $0 | |
Mike Gunn Vice President | 2 | $0 | |
Bill Wright Treasurer | 4 | $0 | |
John Osborne Secretary | 2 | $0 | |
Doug Hingst Member At Large | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,166 |
| Total Program Service Revenue | $44,844 |
| Membership dues | $29,998 |
| Investment income | $0 |
| Gain or Loss | $570 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,578 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $26,498 |
| Printing, publications, postage, and shipping | $220 |
| Other expenses | $77,572 |
| Total expenses | $104,290 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,487 |
| Other assets | $0 |
| Total assets | $152,087 |
| Total liabilities | $35,630 |
| Net assets or fund balances | $116,457 |