Kennebec Flying Club Inc
- Assets
- $477.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fuquay Varina, NC
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 56-1467978
Organization Overview
Kennebec Flying Club Inc is located in Fuquay Varina, NC. The organization was established in 1986. 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. Kennebec 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 12/2022, Kennebec Flying Club Inc generated $137.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $41.2k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
RECREATIONAL FLYING AND SOCIAL CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Adcock President | 0 | $0 | |
Wayne King Treasurer | 0 | $0 | |
Jim Deaton Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,062 |
| Membership dues | $3,564 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $76,891 |
| Total Revenue | $137,814 |
| 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 | $5,800 |
| Occupancy, rent, utilities, and maintenance | $20,476 |
| Printing, publications, postage, and shipping | $179 |
| Other expenses | $14,717 |
| Total expenses | $41,172 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,816 |
| Other assets | $0 |
| Total assets | $477,315 |
| Total liabilities | $0 |
| Net assets or fund balances | $477,315 |