Olds Forge Flyers Inc
- Assets
- $321.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 06/1946
- Data as of
- 12/2021
- EIN
- 38-6089486
Organization Overview
Olds Forge Flyers Inc is located in Lansing, MI. The organization was established in 1946. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olds Forge 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 12/2021, Olds Forge Flyers Inc generated $67.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $49.6k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 5 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
OLDS FORGE FLYERS PROVIDES MEMBERS (29) WITH ACCESS TO AIRCRAFT AT A REASONABLE COST FOR THE PURPOSES OF INSTRUCTION, TRAINING, RECREATION AND TRANSPORTATION WITH A SPECIAL EMPHASIS ON ENCOURAGING SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Best Vice President | 5 | $777 | |
Larry Borton President | 5 | $0 | |
Stephen Harsh Treasurer | 5 | $0 | |
Steve Colby Secretary | 2 | $0 | |
Chester Dawson Director & Maintenance Chief | 5 | $0 | |
Dave Oxendale Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,945 |
| Investment income | $430 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $34,592 |
| Total Revenue | $66,967 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,800 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,100 |
| Printing, publications, postage, and shipping | $588 |
| Other expenses | $38,062 |
| Total expenses | $49,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,695 |
| Other assets | $0 |
| Total assets | $321,381 |
| Total liabilities | $65,377 |
| Net assets or fund balances | $256,004 |
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