University Of Michigan Flyers Inc
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Ann Arbor, MI
- Founding
- 05/1976
- Data as of
- 12/2022
- EIN
- 38-2055116
Organization Overview
University Of Michigan Flyers Inc is located in Ann Arbor, MI. The organization was established in 1976. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2022, University Of Michigan Flyers Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Michigan Flyers Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, University Of Michigan Flyers Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 9.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROMOTE A PASSION FOR AVIATION THROUGH OWNERSHIP, LEASE AND MAINTENANCE OF A SMALL FLEET OF AIRCRAFT, AND WITH THAT FLEET, WE PROVIDE PILOT TRAINING, FLIGHT INSTRUCTION AND FLYING TIME TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE MICHIGAN FLYERS OPERATED ELEVEN CESSNA AIRCRAFT, FOR NEARLY 10,000 HOURS OF FLIGHT TIME. WITH MEMBERSHIP NUMBERING IN THE HUNDREDS, ALONG WITH INDEPENDENT CONTRACTOR CFIS, WE SAW DOZENS OF MEMBERS ACHIEVE RATINGS, FROM PRIVATE PILOT TO INSTRUMENT/COMMERCIAL/CFI. THE CLUB MAINTAINED AN EXCELLENT SAFETY RECORD, AND WEATHERED SUPPLY CHAIN CRUNCHES AFFECTING OIL FILTERS AND ENGINE OVERHAULS. THROUGH A NATIONWIDE SHOCK IN FUEL COSTS, THE CLUB CONTINUED ITS EMPHASIS ON AFFORDABILITY, MAKING AVIATION ACCESSIBLE TO THOSE WHO COULDN'T OTHERWISE ACCESS IT. OUR ACTIVITIES WERE LARGELY SUPPORTED THROUGH VOLUNTEER ACTIVITY, INCLUDING A GROUP WHICH MET WEEKLY TO CLEAN AIRCRAFT AND HANGARS. WE GATHERED FOR A NUMBER OF EVENTS, INCLUDING COOKOUTS AND MONTHLY MEMBER MEETINGS, WITH GUEST SPEAKERS PRESENTING ON TOPICS OF AVIATION SAFETY AND OPERATIONS. MANY MEMBERS ORGANIZED AD-HOC TRIPS IN CLUB AIRCRAFT TO DESTINATIONS ACROSS THE COUNTRY, AND SEVERAL TO THE OSHKOSH AIRVENTURE FLY-IN IN WISCONSIN. AIRCRAFT MAINTENANCE WAS ACCOMPLISHED BY PARTTIME STAFF, AND SEVERAL LOCAL MAINTENANCE OPERATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Williams General Mana | OfficerTrustee | 10 | $9,973 |
Andy Fowler President | OfficerTrustee | 5 | $0 |
Chris Ballard Secretary | OfficerTrustee | 1 | $0 |
Jacob Smith Treasurer | OfficerTrustee | 3 | $0 |
James Power Vice-Preside | OfficerTrustee | 3 | $0 |
Sam Terray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,266,670 |
| Investment income | $1,987 |
| 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 | -$924 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,267,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $667 |
| Fees for services: Accounting | $8,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,032 |
| Information technology | $6,309 |
| Royalties | $0 |
| Occupancy | $60,058 |
| Travel | $800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,650 |
| Insurance | $141,317 |
| All other expenses | $7,774 |
| Total functional expenses | $1,045,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,491 |
| Savings and temporary cash investments | $258,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,985 |
| Prepaid expenses and deferred charges | $18,000 |
| Net Land, buildings, and equipment | $434,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,330,732 |
| Accounts payable and accrued expenses | $29,890 |
| Grants payable | $0 |
| Deferred revenue | $143,141 |
| 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 | $58,425 |
| Total liabilities | $231,456 |
| 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 | $1,099,276 |
| Total liabilities and net assets/fund balances | $1,330,732 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Michigan Flyers Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Marcia And Michael Klein Foundation Longboat Key, FL PURPOSE: PROFESSORSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |
Holy Family College Inc Manitowoc, WI | $6,992,394 | $12,349,410 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Baker College Flint, MI | $17,867,262 | $11,641,595 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
University Of Wisconsin Stevens Point Foundation Inc Stevens Point, WI | $75,127,942 | $13,216,092 |
The Northern Michigan University Foundation Marquette, MI | $51,572,158 | $7,666,417 |
Rabbinical College Of Telshe Inc Wickliffe, OH | $4,924,770 | $5,286,495 |