Flight Expo Inc
- Assets
- $143.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Zimmerman, MN
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 41-1869452
Organization Overview
Flight Expo Inc is located in Zimmerman, MN. The organization was established in 1998. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flight Expo Inc 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 12/2022, Flight Expo Inc generated $74.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $63.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
FLIGHT EXPO PROMOTES AVIATION EDUCATION THROUGH WORKSHOPS, SAFETY SEMINARS & PRESERVATION OF AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Sandberg President | 5 | $0 | |
John Bjornstad Vice President | 25 | $0 | |
Owen Nitz Treasurer | 5 | $0 | |
Wally Johnson Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,427 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,427 |
| 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 | $725 |
| Occupancy, rent, utilities, and maintenance | $4,798 |
| Printing, publications, postage, and shipping | $340 |
| Other expenses | $58,021 |
| Total expenses | $63,884 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,709 |
| Other assets | $0 |
| Total assets | $143,034 |
| Total liabilities | $12 |
| Net assets or fund balances | $143,022 |