Oklahoma Airmen Flying Club Inc
- Assets
- $311.1k
- Revenue
- $422.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jenks, OK
- Founding
- 12/1978
- Data as of
- 11/2022
- EIN
- 73-6504927
Organization Overview
Oklahoma Airmen Flying Club Inc is located in Jenks, OK. The organization was established in 1978. 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. Oklahoma Airmen 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 11/2022, Oklahoma Airmen Flying Club Inc generated $422.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.3% each year . All expenses for the organization totaled $455.8k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS ORGANIZED TO ALLOW MEMBERS WITH PRIVATE PILOT CREDENTIALS TO USE CLUB AIRPLANES FOR THE PURPOSE OF PLEASURE, RECREATION AND OTHER NONPROFIT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIRST CESSNA 182 PLANE RECEIVED A NEW OVERHAULED ENGINE AND PROPELLOR IN 2022. AN ENGINE WAS PURCHASED TO BE READY FOR THE NEXT CESSNA 172 PLANE OVERHAUL, RECOMMENDED AT 2000 HOURS. RESERVES ARE ADEQUATE TO KEEP ALL 7 PLANES MAINTAINED WITH A MINIMUM OF DOWNTIME.THE ORGANIZATION HAS A WAITING LIST OF PILOTS WANTING TO JOIN THE CLUB. A SECOND CESSNA 182 WAS LEASED IN MAY, AND A SECOND CESSNA 172 WAS PURCHASED FOR THE CLAREMORE, OKLAHOMA LOCATION IN AUGUST OF 2022. SEVENTY-SEVEN MEMBERS FLEW 2080 HOURS IN 2022. SEVERAL STUDENT PILOTS BECAME LICENSED PILOTS AND A NUMBER OF PILOTS EARNED THEIR INSTRUMENT RATINGS.THE CLUB ORIGINATED IN 1953, SO 2023 WILL BE THE 70TH ANNIVERSARY. CELEBRATION PLANS ARE UNDERWAY.TO RAISE FUNDS FOR ENGINE OVERHAULS, THE RAFFLE PLANE WAS A NEWLY PAINTED 1976 GRUMMAN AMERICAN, MODEL AA-1B VALUED AT $31,240. OVER 4,000 TICKETS WERE SOLD FOR $50 AND THE CLUB NETTED OVER $94,000 AFTER EXPENSES. EACH TICKET INCLUDED A SOCIAL MEMBERSHIP IN THE CLUB.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Burk President | OfficerTrustee | 10 | $0 |
Brandon Bell Vice President | OfficerTrustee | 5 | $0 |
Pam Ford Treasurer | OfficerTrustee | 5 | $0 |
Bo Byers Secretary | OfficerTrustee | 5 | $0 |
Bo Blochowitz Director | Trustee | 5 | $0 |
Kevin Bruce Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $327,821 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,821 |
| Total Program Service Revenue | $0 |
| Investment income | $349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $94,392 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $422,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5 |
| Advertising and promotion | $718 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,426 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,297 |
| Insurance | $34,983 |
| All other expenses | $93,190 |
| Total functional expenses | $455,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $175,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275 |
| Total assets | $311,095 |
| Accounts payable and accrued expenses | $32,382 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $170,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $202,447 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $108,648 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $311,095 |
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