Inn Flying Club Inc
- Assets
- $143.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 08/1968
- Data as of
- 06/2024
- EIN
- 52-6081613
Organization Overview
Inn Flying Club Inc is located in Gaithersburg, MD. The organization was established in 1968. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Inn Flying Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Inn Flying Club Inc generated $74.4k 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 (9.6%) each year. All expenses for the organization totaled $64.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (11.5%) 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
2024
Describe the Organization's Program Activity:
Part 3
THE CLUB PROVIDES AND MAINTAINS LIGHT AIRPLANES FOR USE BY CLUB MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Mikan President | 1 | $0 | |
Bruce Vivari Treasurer And Secretary | 2 | $0 | |
Michael Whitcomb Chief Maintenance Office | 1 | $0 | |
Kevin Lance Membership | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,910 |
| Membership dues | $22,168 |
| Investment income | $1,316 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,394 |
| 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 | $2,024 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,303 |
| Total expenses | $64,327 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,967 |
| Other assets | $0 |
| Total assets | $143,351 |
| Total liabilities | $0 |
| Net assets or fund balances | $143,351 |