Lakeway Airpark Inc
- Assets
- $477.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeway, TX
- Founding
- 01/1999
- Data as of
- 05/2022
- EIN
- 74-2759764
Organization Overview
Lakeway Airpark Inc is located in Lakeway, TX. The organization was established in 1999. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeway Airpark Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2022, Lakeway Airpark Inc generated $143.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $82.1k during the year ending 05/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE MANAGEMENT AND MAINTENANCE FOR LAKEWAY AIRPARK SERVING THE AIR TRANSIT NEEDS OF THE LOCAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Torbett President | 0 | $0 | |
Phil Thompson Board Member | 0 | $0 | |
Cory Bull Board Member | 0 | $0 | |
Scott Epley Board Member | 0 | $0 | |
Erik Mulloy Treasurer | 0 | $0 | |
Josh Cobb Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,360 |
| Total Program Service Revenue | $44,332 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $143,707 |
| 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 | $3,460 |
| Occupancy, rent, utilities, and maintenance | $5,787 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $72,855 |
| Total expenses | $82,102 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $259,144 |
| Other assets | $0 |
| Total assets | $477,782 |
| Total liabilities | $30,445 |
| Net assets or fund balances | $447,337 |
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