7b Flying Club Inc
- Assets
- $141.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sanpoint, ID
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-4374314
Organization Overview
7b Flying Club Inc is located in Sanpoint, ID. The organization was established in 2017. 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. 7b 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, 7b Flying Club Inc generated $77.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $51.4k during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 2 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
THE SPECIFIC PURPOSES OF THE CLUB ARE TO:(A) TO PROMOTE CAMARADERIE AND SOCIAL FELLOWSHIP OF THE CLUBS MEMBERS THROUGH THEOPERATION OF PRIVATE AIRCRAFT BASED IN SANDPOINT, ID.(B) TO OWN OR LEASE, AND MAINTAIN ONE OR MORE AIRCRAFT FOR THE EDUCATIONAL, PERSONAL AND GENERAL USE OF THE MEMBERSHIP.(C) TO ADVANCE THE SCIENCE OF AERONAUTICS, DEVELOP AN INTEREST IN AVIATION AMONGST THE COMMUNITY AND TO EDUCATE THE COMMUNITY IN SAFE FLYING PRACTICES.(D) TO PROVIDE A CONVENIENT AND AFFORDABLE MEANS FOR RECREATIONAL FLYING AND A MEANS FOR THE IMPROVEMENT AND MAINTENANCE OF THEIR CURRENT FLYING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Dodge President | 0 | $0 | |
Halden Gates Vice President | 0 | $0 | |
Herb Jansen Treasurer | 0 | $0 | |
Jeremy Knight Maintenace Off. | 0 | $0 | |
Bob Delvalle Safety Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,275 |
| Total Program Service Revenue | $31,905 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,180 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,424 |
| Total expenses | $51,424 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,052 |
| Other assets | $0 |
| Total assets | $141,333 |
| Total liabilities | $10,471 |
| Net assets or fund balances | $130,862 |