Faultline Flyers Inc
- Assets
- $372.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leander, TX
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 74-2526800
Organization Overview
Faultline Flyers Inc is located in Leander, TX. The organization was established in 1989. 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. Faultline Flyers Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Faultline Flyers Inc generated $65.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $61.4k 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
PROVIDE TRAINING FOR STUDENT PILOTS; EDUCATE THE PUBLIC BY DISTRIBUTING LITERATURE, MAKING PRESENTATIONS, AND PROVIDING DEMONSTRATION RIDES TO ENCOURAGE PARTICIPATION IN THE SPORT OF GLIDING. FOR 2021, PROVIDED INTRODUCTION/EDUCATIONAL FLIGHTS FOR OVER 4 DEMO WEEKENDS TO THE PUBLIC - FOR 15 INDIVIDUALS (WE WERE STILL PRIMARILY LOCKED DOWN AT THIS TIME STILL DUE TO COVID). PROVIDED MORE THAN 208 INSTRUCTIONAL FLIGHTS OVER THE YEAR WHICH AMOUNTED TO ROUGHLY 100 HRS OF FLIGHT AND ON-GROUND INSTRUCTION TIME FOR 47 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Aaron President | 2 | $0 | |
Peter Jarvis Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $30,443 |
| Membership dues | $34,575 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,018 |
| 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 | $863 |
| Occupancy, rent, utilities, and maintenance | $33,751 |
| Printing, publications, postage, and shipping | $226 |
| Other expenses | $26,539 |
| Total expenses | $61,379 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,336 |
| Other assets | $0 |
| Total assets | $372,509 |
| Total liabilities | $2,125 |
| Net assets or fund balances | $370,384 |
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