Satellite Beach Flying Club Inc
- Assets
- $74.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 06/2014
- Data as of
- 12/2018
- EIN
- 46-2714340
Organization Overview
Satellite Beach Flying Club Inc is located in Melbourne, FL. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Satellite Beach 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 12/2018, Satellite Beach Flying Club Inc generated $26.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.5%) each year. All expenses for the organization totaled $64.3k during the year ending 12/2018. 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
2018
Describe the Organization's Program Activity:
Part 3
THE CLUB HAS PURCHASED A SMALL AIRCRAFT FOR RECREATIONAL USE BY ITS MEMBERS. MEMBERS SCHEDULE TIME SLOTS TO USE THE AIRCRAFT. TO DATE, CLUB HAD TEN MEMBERS WHO ENJOYED OVER 60 HOURS OF FLYING TIME IN TOTAL BEFORE THE END OF THE YEAR. A COUPLE OF MEMBERS HIRED A FLYING INSTRUCTOR AND USED SOME OF THE FLIGHT HOURS TOWARD EARNING THEIR PRIVATE PILOT'S LICENSE. THE CLUB'S MEMBERS PAY AN HOURLY FEE FOR THE USE OF THE AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Lopresti Vice President | 0 | $0 | |
Edwin Freihofer President | 0 | $0 | |
Elizabeth Zaruba Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,553 |
| Membership dues | $7,518 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,071 |
| 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 | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,011 |
| Total expenses | $64,311 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,548 |
| Other assets | $0 |
| Total assets | $74,515 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,515 |
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