Air America Inc
- Assets
- $102.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lago Vista, TX
- Founding
- 10/1985
- Data as of
- 12/2019
- EIN
- 74-2355077
Organization Overview
Air America Inc is located in Lago Vista, TX. The organization was established in 1985. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Air America Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Air America Inc generated $63.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $69.9k during the year ending 12/2019. 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
2019
Describe the Organization's Program Activity:
Part 3
REUNION FOR VETERANS AND THEIR FAMILY MEMBERS, HISTORICAL TOURS AND SPEECHES, RECOGNITION CEREMONIES, MEMBERSHIP AND BOARD MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Noble President | 10 | $0 | |
Dan Gamelin Vice President | 5 | $0 | |
Kathleen Bruner Treasurer | 5 | $0 | |
Kay Boruff General Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,180 |
| Total Program Service Revenue | $44,872 |
| Membership dues | $7,961 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,880 |
| Total Revenue | $63,705 |
| 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 | $442 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,811 |
| Other expenses | $63,612 |
| Total expenses | $69,865 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,400 |
| Other assets | $0 |
| Total assets | $102,532 |
| Total liabilities | $605 |
| Net assets or fund balances | $101,927 |
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