Tidewater Soaring Society Inc
- Assets
- $376.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Poquoson, VA
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 52-1399515
Organization Overview
Tidewater Soaring Society Inc is located in Poquoson, VA. The organization was established in 1985. 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. Tidewater Soaring Society Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Tidewater Soaring Society Inc generated $88.7k 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 (4.5%) each year. All expenses for the organization totaled $120.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Swanson Secretary | 2 | $0 | |
Greg Reese Treasurer | 10 | $0 | |
Robert Powell Tow Plane Officer | 4 | $0 | |
Tom Walsh President | 4 | $0 | |
Cary Kennedy Vice President | 5 | $0 | |
Gary Van Tassel Sail Plane Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $155 |
| Total Program Service Revenue | $53,828 |
| Membership dues | $34,702 |
| Investment income | $118 |
| Gain or Loss | -$200 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,662 |
| 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 | $7,855 |
| Printing, publications, postage, and shipping | $262 |
| Other expenses | $112,483 |
| Total expenses | $120,600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185,924 |
| Other assets | $0 |
| Total assets | $376,579 |
| Total liabilities | $20,347 |
| Net assets or fund balances | $356,232 |
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