Illinois Valley Flying Club Inc
- Assets
- $237.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Peru, IL
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 37-1215071
Organization Overview
Illinois Valley Flying Club Inc is located in Peru, IL. The organization was established in 1997. 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. Illinois Valley 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 12/2021, Illinois Valley Flying Club Inc generated $141.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $161.0k during the year ending 12/2021. While expenses have increased by 17.6% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
MEMBERS OF THE FLYING CLUB ARE ABLE TO RENT AIRPLANES OWNED BY THE CLUB FOR THE ENJOYMENT OF FLYING. THIS ALLOWSAFFORDABLE AND RELIABLE AIRCRAFT FOR MEMBER'S ENJOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Studer President | 15 | $0 | |
Harold Deacon Vice President | 5 | $0 | |
Dwight Furleigh Secretary | 10 | $0 | |
Doug Hearn Maintenance Officer | 15 | $0 | |
Jane Goetz Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,700 |
| Total Program Service Revenue | $79,529 |
| Membership dues | $38,195 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,042 |
| Other Revenue | $2,348 |
| Total Revenue | $141,857 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $160,962 |
| Total expenses | $160,962 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,786 |
| Other assets | $0 |
| Total assets | $237,154 |
| Total liabilities | $22,221 |
| Net assets or fund balances | $214,933 |
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