Santa Ynez Valley Airport Authority
- Assets
- $2.8m
- Revenue
- $669.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Santa Ynez, CA
- Founding
- 04/1995
- Data as of
- 06/2023
- EIN
- 77-0321025
Organization Overview
Santa Ynez Valley Airport Authority is located in Santa Ynez, CA. The organization was established in 1995. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Santa Ynez Valley Airport Authority employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Ynez Valley Airport Authority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Santa Ynez Valley Airport Authority generated $669.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $545.8k during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SYVAA LEASES, MANAGES, AND OPERATES THE SANTA YNEZ VALLEY AIRPORT FOR THE BENEFIT OF SANTA BARBARA COUNTY, THE COMMUNITY IN WHICH THE AIRPORT IS LOCATED, AND THE AIRPORT USERS. THE AIRPORT IS OWNED BY SANTA BARBARA COUNTY AND IS OPERATED BY 9 ELECTED VOLUNTEERS KNOWN AS THE SANTA YNEZ VALLEY AIRPORT AUTHORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYVAA IS UNDER CONTRACT WITH SANTA BARBARA COUNTY TO OPERATE, MANAGE, MAINTAIN AND IMPROVE THE AIRPORT FACILITIES FOR A TERM OF 100 YEARS BEGINNING JUNE 1, 1993 AND ENDING JULY 31, 2093. UPON CONTRACT TERMINATION ALL ALTERATIONS, ADDITIONS, AND IMPROVEMENTS BECOME THE PROPERTY OF SANTA BARBARA COUNTY. AIRPORT IMPROVEMENTS ARE SUBJECT TO THE AIRPORT LAYOUT/LAND USE PLAN APPROVED BY SANTA BARBARA COUNTY, THE STATE OF CALIFORNIA, DEPARTMENT OF TRANSPORTATION, DIVISION OF AERONAUTICS, AND THE FEDERAL AVIATION ADMINISTRATION FOR A TERM OF 20 YEARS BEGINNING IN JUNE 2004 AND UPDATED EVERY 5 YEARS. CURRENT CONSTRUCTION IN PROGRESS TOTALS 240,323. 40 HANGARS WERE LEASED TO AIRPORT USERS, AND 46 LAND LEASES FOR OWNER BUILT HANGARS. CURRENT YEAR RENTALS ALSO INCLUDE AIRPORT TIEDOWNS, RENTAL CARS, GLIDER RIDE OPERATIONS, OFFICE SPACE, APCD (AIR POLLUTION CONTROL DISTRICT) AND THE USFS (U.S. FORESTRY SERVICE) BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jourdi DE Werd President | OfficerTrustee | 6 | $0 |
William Krauch Treasurer | OfficerTrustee | 5 | $0 |
Bruce Mcgowan Secretary | OfficerTrustee | 4 | $0 |
Terri Kaslow Asst Treasur | OfficerTrustee | 3 | $0 |
James Cleland Chairman | OfficerTrustee | 2 | $0 |
Carey Kendall Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,175 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,175 |
| Total Program Service Revenue | $57,808 |
| Investment income | $4,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $427,771 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $134,271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $669,796 |
| 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. | $61,349 |
| Compensation of current officers, directors, key employees. | $24,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,030 |
| Fees for services: Accounting | $49,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $5,310 |
| Advertising and promotion | $0 |
| Office expenses | $7,011 |
| Information technology | $7,740 |
| Royalties | $0 |
| Occupancy | $102,777 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,568 |
| Insurance | $35,741 |
| All other expenses | $24,782 |
| Total functional expenses | $545,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,269 |
| Savings and temporary cash investments | $319,764 |
| Pledges and grants receivable | $8,750 |
| Accounts receivable, net | $117,692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,881 |
| Prepaid expenses and deferred charges | $25,705 |
| Net Land, buildings, and equipment | $1,315,744 |
| Investments—publicly traded securities | $330,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $578,805 |
| Total assets | $2,753,208 |
| Accounts payable and accrued expenses | $42,008 |
| Grants payable | $0 |
| Deferred revenue | $83,901 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,600 |
| Total liabilities | $137,509 |
| Net assets without donor restrictions | $2,588,615 |
| Net assets with donor restrictions | $27,084 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $2,753,208 |