Tidewater Soaring Society Inc
- Assets
- $376.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Poquoson, VA
- Founding
- 05/1985
- Data as of
- 12/2022
- 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 12/2022, Tidewater Soaring Society Inc generated $99.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $129.7k during the year ending 12/2022. 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 Walsh President | 4 | $0 | |
Cary Kennedy Vice President | 5 | $0 | |
Tom Swanson Secretary | 2 | $0 | |
Greg Reese Treasurer | 8 | $0 | |
Paul Lynch Operations Officer | 5 | $0 | |
Robert Powell Tow Plane Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70 |
| Total Program Service Revenue | $52,322 |
| Membership dues | $31,772 |
| Investment income | $52 |
| Gain or Loss | $15,010 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,238 |
| 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 | $19,996 |
| Printing, publications, postage, and shipping | $287 |
| Other expenses | $109,379 |
| Total expenses | $129,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $189,601 |
| Other assets | $0 |
| Total assets | $376,292 |
| Total liabilities | $20,747 |
| Net assets or fund balances | $355,545 |