Cxo Flying Club
- Assets
- $69.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 82-1281751
Organization Overview
Cxo Flying Club is located in Montgomery, TX. The organization was established in 2019. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Cxo Flying Club 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, Cxo Flying Club generated $199.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.2% each year . All expenses for the organization totaled $218.1k during the year ending 12/2021. While expenses have increased by 61.2% 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
2021
Describe the Organization's Program Activity:
Part 3
DUE TO THE DISTRIBUTED NATURE OF A PROFESSIONAL PILOT'S WORKPLACE, OUR MEMBERS HAVE LIMITED OPPORTUNITIES TO ENJOY THE CASUAL SOCIAL ENVIRONMENT OFTEN FOUND IN OTHER PROFESSIONS. THOUGH MANY OF OUR MEMBERS HAVE WORKED AND TRAINED TOGETHER FOR DECADES, NATURAL OPPORTUNITIES TO SPEND TIME TOGETHER ARE EXTREMELY LIMITED. THE CXO FLYING CLUB WAS DESIGNED AND IS OPERATED TO MAXIMIZE OPPORTUNITIES FOR OUR MEMBERS TO OVERCOME THESE BARRIERS TO SOCIAL CONGREGATION AND CAMARADERIE. ADDITIONALLY, OUR CLUB PROVIDES AN OPPORTUNITY FOR PILOTS TO WORK TOGETHER AND USE THEIR SKILLS TO SERVE THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy B Hinkie Secretary/tr | 2 | $0 | |
Patrick Ober Vice Preside | 2 | $0 | |
Richard Bell President | 2 | $0 | |
Clay Moore Vp/secretary | 2 | $0 | |
Cody Tallina Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,578 |
| Total Program Service Revenue | $100,204 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,790 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $159,290 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,250 |
| Occupancy, rent, utilities, and maintenance | $9,986 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,547 |
| Total expenses | $218,073 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,443 |
| Other assets | $0 |
| Total assets | $69,322 |
| Total liabilities | $58,056 |
| Net assets or fund balances | $11,266 |
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