Mang Aero Club
- Assets
- $122.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belleville, MI
- Founding
- 06/1969
- Data as of
- 12/2023
- EIN
- 38-1879162
Organization Overview
Mang Aero Club is located in Belleville, MI. The organization was established in 1969. 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. Mang Aero Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Mang Aero Club generated $118.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $98.1k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
SMALL AIRPLANE FLYING CLUB WHICH OWNS THREE AIRPLANES. THE 50+ EQUITY MEMBERS OF THE CLUB PAY MONTHLY DUES AND HOURLY FLYING FEES FOR MEMBER USE OF CLUB AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Locklin President | 0 | $0 | |
Leo Petretta Vice-President | 0 | $0 | |
Christopher Virzi Secretary | 0 | $0 | |
Thomas Wilson Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $46,650 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $72,082 |
| Total Revenue | $118,736 |
| 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 | $475 |
| Occupancy, rent, utilities, and maintenance | $13,500 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $84,002 |
| Total expenses | $98,143 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,705 |
| Other assets | $0 |
| Total assets | $122,255 |
| Total liabilities | $1,358 |
| Net assets or fund balances | $120,897 |