Chapter 272 Experimental Aircraft Association
- Assets
- $85.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 11/1993
- Data as of
- 12/2016
- EIN
- 41-1522587
Organization Overview
Chapter 272 Experimental Aircraft Association is located in Duluth, MN. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapter 272 Experimental Aircraft Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2016, Chapter 272 Experimental Aircraft Association generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $11.8k during the year ending 12/2016. 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
2016
Describe the Organization's Program Activity:
Part 3
MONTHLY MEETINGS INCLUDING A TECHNICAL PRESENTATION FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dewayne Tomasek Treasurer | 10 | $0 | |
Jim Nelson Vice President | 5 | $0 | |
Thomas Betts President | 5 | $0 | |
Bill Irving Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,457 |
| Total Program Service Revenue | $0 |
| Membership dues | $500 |
| Investment income | $761 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,807 |
| Other Revenue | $0 |
| Total Revenue | $7,525 |
| 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 | $886 |
| Occupancy, rent, utilities, and maintenance | $8,173 |
| Printing, publications, postage, and shipping | $70 |
| Other expenses | $2,623 |
| Total expenses | $11,752 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,109 |
| Other assets | $0 |
| Total assets | $85,098 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,098 |
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