Warren Flying Club Inc
- Assets
- $485.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 04/1961
- Data as of
- 12/2023
- EIN
- 38-6090209
Organization Overview
Warren Flying Club Inc is located in Troy, MI. The organization was established in 1961. 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. Warren 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 12/2023, Warren Flying Club Inc generated $121.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $133.2k during the year ending 12/2023. 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
OPERATED AND MAINTAINED 3 AIRCRAFTS FOR 40 MEMBERS PLUS UP TO 5 ASSOCIATE MEMBERS WHO ARE TAKING LESSONS TO OBTAIN THE PRIVATE PILOT LICENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rieland Treasurer | 6 | $0 | |
Tyson Brown Vice President | 6 | $0 | |
Jeff Borchers President | 3 | $0 | |
John Rex Financial Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,600 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $66,068 |
| Total Revenue | $121,677 |
| 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 | $113,792 |
| Printing, publications, postage, and shipping | $307 |
| Other expenses | $19,105 |
| Total expenses | $133,204 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,248 |
| Other assets | $0 |
| Total assets | $485,248 |
| Total liabilities | $0 |
| Net assets or fund balances | $485,248 |