Skyline Soaring Club
- Assets
- $221.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Walkerton, VA
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 54-1595125
Organization Overview
Skyline Soaring Club is located in Walkerton, VA. The organization was established in 1992. 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. Skyline Soaring Club 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, Skyline Soaring Club generated $123.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
OVER 1500 FLIGHTS WERE ACCOMPLISHED IN 2021. THE CLUB HAS A WEEK OF TRAINING (WOT) EACH YEAR FOR STUDENT MEMBERS TO RECEIVE CONCENTRATED INSTRUCTION TO ACCELERATE THE LEARNING PROCESS. FOUR STUDENTS REACHED THEIR FIRST SOLO FLIGHTS IN 2021. THREE STUDENTS ACHIEVED THEIR PRIVATE PILOT RATINGS. ONE MEMBER ATTAINED A COMMERCIAL RATING AND THREE MEMBERS ATTAINED GLIDER INSTRUCTOR RATINGS. NINE MEMBERS ADDED THE WINCH TOW QUALIFICATION TO THEIR RATINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Hilton Secretary | 10 | $0 | |
Robert Jacobsen Director | 2 | $0 | |
Ralph Vawter Treasurer | 25 | $0 | |
Peter Ross Director | 2 | $0 | |
Stephanie Zilora President | 3 | $0 | |
James Kellett Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $71,274 |
| Membership dues | $52,242 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,571 |
| 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 | $210 |
| Occupancy, rent, utilities, and maintenance | $19,076 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $102,823 |
| Total expenses | $122,243 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,313 |
| Other assets | $0 |
| Total assets | $221,343 |
| Total liabilities | $19,409 |
| Net assets or fund balances | $201,934 |
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