Aero Flite Del Inc
- Assets
- $377.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frederica, DE
- Founding
- 10/1980
- Data as of
- 07/2022
- EIN
- 51-0239461
Organization Overview
Aero Flite Del Inc is located in Frederica, DE. The organization was established in 1980. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Aero Flite Del Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Aero Flite Del Inc generated $4.5k 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 (43.1%) each year. All expenses for the organization totaled $4.8k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (41.2%) per year over the past 2 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
AIRPLANE FLYING CLUB FOR PLEASURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Accetta President | 0 | $0 | |
Kevin Taha Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,464 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,464 |
| 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 | $4,812 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $4,812 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $377 |
| Other assets | $0 |
| Total assets | $377 |
| Total liabilities | $0 |
| Net assets or fund balances | $377 |