Professional Air Sports Association
- Assets
- $160.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nags Head, NC
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 56-2059610
Organization Overview
Professional Air Sports Association is located in Nags Head, NC. The organization was established in 1999. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, 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. Professional Air Sports Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Professional Air Sports Association generated $20.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $13.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.5%) per year over the past 5 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 |
|---|---|---|---|
John Harris President | 0.5 | $0 | |
G W Meadows Vice Preside | 0.5 | $0 | |
Joe Greblo Board Member | 0 | $0 | |
Chris Santacroce Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,700 |
| Membership dues | $10,859 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,559 |
| 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 | $10,875 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,291 |
| Total expenses | $13,166 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,384 |
| Other assets | $0 |
| Total assets | $160,384 |
| Total liabilities | $0 |
| Net assets or fund balances | $160,384 |