St Cloud State University Aero Club Inc
- Assets
- $443.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 09/1964
- Data as of
- 06/2023
- EIN
- 41-6034978
Organization Overview
St Cloud State University Aero Club Inc is located in St Cloud, MN. The organization was established in 1964. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. St Cloud State University Aero 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 06/2023, St Cloud State University Aero Club Inc generated $49.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $58.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A STUDENT ORGANIZATION OF ST CLOUD STATE UNIVERSITY WE PROVIDE FLIGHT TRAINING AVIATION RELATED EDUCATION ACTIVITIES TO OUR MEMBERS
Describe the Organization's Program Activity:
Part 3
WE SERVED APPROX. 41 MEMBERS. FLIGHT INSTRUCTION FOR BASIC TRAINING IS THE PRIMARY ACTIVITY AND TOTALED 611 FLIGHT HOURS THIS YEAR. WE OWN AND MAINTAIN 2 SMALL SINGLE ENGINE AIRCRAFT TO PROVIDE OUR MEMBERS WITH FLIGHT TRAINING AT ECONOMICAL RATES
WE OWN A HANGAR WHICH PROVIDES STORAGE SPACE FOR OUR AIRCRAFT AND A SMALL ROOM FOR MEMBER'S FLIGHT LESSON PREPARATION AND DISCUSSION WITH THEIR INSTRUCTOR. IT ALSO PROVIDES SPACE FOR SOME MEETING ACTIVITIES. EXPENSES ARE LISTED AS OCCUPANCY IN PART IX LINE
DUE TO COVID, OUR MONTHLY MEETINGS WERE BY ZOOM THIS YEAR. THERE WERE NO SPECIFIC EXPENSES FOR THIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mackenzi Evenson President - Scsu Student | 4 | $0 | |
Madeline Cassidy Vice-President - Scsu Student | 4 | $0 | |
Nicholas Witte Vice-President - Sctcc Student | 6 | $0 | |
Kelly Kirk Operations - Scsu Alumnus | 6 | $0 | |
Gertina Snow Secretary - Scsu Alumnus | 2 | $0 | |
Steve Anderson Advisor - Scsu Faculty | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $30,829 |
| Membership dues | $1,370 |
| Investment income | $4,637 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,950 |
| Total Revenue | $49,786 |
| 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 | $7,081 |
| Printing, publications, postage, and shipping | $225 |
| Other expenses | $51,096 |
| Total expenses | $58,402 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $309,705 |
| Other assets | $0 |
| Total assets | $443,373 |
| Total liabilities | $0 |
| Net assets or fund balances | $443,373 |