Textron Aviation Employees Flying Club Inc is located in Wichita, KS. The organization was established in 1966. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Textron Aviation Employees Flying Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Textron Aviation Employees Flying Club Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE ACCESS TO AIRCRAFT FOR THE EMPLOYEES OF TEXTRON AVIATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ENCOURAGE PRIVATE FLYING AND TO PROVIDE ECONOMICAL FLYING TO ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Haenggi President | OfficerTrustee | 1 | $0 |
Jake Akin Vice President | OfficerTrustee | 1 | $0 |
Jacob Schneider Secretary | OfficerTrustee | 1 | $0 |
Dan Holmes Treasurer | OfficerTrustee | 1 | $0 |
Roy Aycock Chief Cfi | Officer | 40 | $0 |
Joe Hepburn Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $137,813 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $342,844 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $480,657 |
Total Program Service Revenue | $707,845 |
Investment income | $7,779 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $701,147 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $9,012 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,906,440 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $135,538 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,113 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $263,115 |
Advertising and promotion | $4,694 |
Office expenses | $3,211 |
Information technology | $6,328 |
Royalties | $0 |
Occupancy | $2,943 |
Travel | $1,315 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,889 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $708,416 |
Insurance | $272,898 |
All other expenses | $26,120 |
Total functional expenses | $1,799,515 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,821 |
Savings and temporary cash investments | $957,045 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $19,941 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $92,902 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,869,548 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $236,616 |
Total assets | $3,186,873 |
Accounts payable and accrued expenses | $80,567 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $146,631 |
Total liabilities | $227,198 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $2,959,675 |
Total liabilities and net assets/fund balances | $3,186,873 |
Organization Name | Assets | Revenue |
---|---|---|
Textron Aviation Employees Flying Club Inc Wichita, KS | $3,186,873 | $1,906,440 |
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