Octopus Flying Club
- Assets
- $436.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Riverdale, MD
- Founding
- 01/1995
- Data as of
- 09/2022
- EIN
- 52-1831102
Organization Overview
Octopus Flying Club is located in Riverdale, MD. The organization was established in 1995. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is the central organization for a national or regional group of organizations. Octopus Flying Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Octopus Flying Club generated $150.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $133.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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 |
|---|---|---|---|
Gene Mongelluzo President | 2 | $0 | |
Constantine Cois Vise President Operations | 4 | $0 | |
Michael Mahony Vice President | 2 | $0 | |
Chris Everich Secretary | 3 | $0 | |
Anthony Pacetti Member At Large | 2 | $0 | |
George Cois Treasurer & Maintenance Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $78,919 |
| Membership dues | $71,069 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,988 |
| 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 | $10,640 |
| Printing, publications, postage, and shipping | $1,110 |
| Other expenses | $121,801 |
| Total expenses | $133,551 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,175 |
| Other assets | $0 |
| Total assets | $436,175 |
| Total liabilities | $129,237 |
| Net assets or fund balances | $306,938 |
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