Texas Flying Club Inc
- Assets
- $120.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bryan, TX
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 74-2631358
Organization Overview
Texas Flying Club Inc is located in Bryan, TX. The organization was established in 1992. 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. Texas 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 12/2023, Texas Flying Club Inc generated $139.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $114.4k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
EXPENSES NECESSARY TO PROVIDE SAFE, ECONOMICAL AIRCRAFTS FOR EXCLUSIVE USE BY CLUB MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Townsend Membership Coor | 4 | $0 | |
Shannon Caldwell President | 2 | $0 | |
Deeia Beck VP Of Bus Oper | 2 | $0 | |
Daniel Schmiedt Chief Cfi | 1 | $0 | |
Ray Cook Vp- Public Rela | 2 | $0 | |
Abby Andrews Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,571 |
| Total Program Service Revenue | $42,421 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $52,500 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $139,921 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $10,860 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $102,513 |
| Total expenses | $114,373 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,311 |
| Other assets | $0 |
| Total assets | $120,315 |
| Total liabilities | $38,404 |
| Net assets or fund balances | $81,911 |