South Bay Soaring Society
- Assets
- $16.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 39-2059945
Organization Overview
South Bay Soaring Society is located in Sunnyvale, CA. The organization was established in 2008. 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. South Bay Soaring Society 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, South Bay Soaring Society generated $10.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $6.7k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
THE SOUTH BAY SOARING SOCIETY IS AN ACTIVE NON PROFIT CORPORATION OF ABOUT 50 MEMBERS, MEN, WOMEN, AND YOUTHS, LIVING PRINCIPALLY IN THE SOUTHERN SAN FRANCISCO BAY AREA. WE ARE DEDICATED TO FURTHERING PARTICIPATION IN THE SPORT AND HOBBY OF RADIO CONTROLLED SOARING THROUGH ACTIVITIES AND PROGRAMS TEACHING SCIENTIFIC PRINCIPLES RELATED TO OUR SOARING ACTIVITIES AND THE SKILLS NECESSARY TO CREATE, MAINTAIN AND FLY RADIO CONTROLLED GLIDERS. MENTORING YOUTH THROUGH PUBLIC AND PRIVATE PROGRAMS, ENCOURAGING PARTICIPATION IN A SCIENCE BASED SPORTING ENVIRONMENT, EMPHASIZING FAIR PLAY, AND LEARNING WHILE HAVING FUN ARE THE FOCUS OF OUR ORGANIZATION. WHILE WE WELCOME AND ENCOURAGE MEMBERSHIP FROM ALL AGE GROUPS, WE PLACE SPECIAL EMPHASIS ON SERVING YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Demattei President | 2 | $0 | |
Bob Brown Vice President | 1 | $0 | |
Ken Peartree Secretary | 4 | $0 | |
Eric Einarsson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,317 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,961 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $607 |
| Total Revenue | $10,885 |
| 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 | $2,650 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,071 |
| Total expenses | $6,721 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,908 |
| Other assets | $0 |
| Total assets | $16,908 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,908 |
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