Midwest Sky Chasers
- Assets
- $42.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algonquin, IL
- Founding
- Data as of
- 12/2021
- EIN
- 82-5123498
Organization Overview
Midwest Sky Chasers is located in Algonquin, IL. 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. Midwest Sky Chasers 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, Midwest Sky Chasers generated $19.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.7%) each year. All expenses for the organization totaled $33.2k during the year ending 12/2021. 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
GATHERING OF MEMBERS FOR ENTERTAINMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kocken Officer | 5 | $0 | |
Mark Naumowicz Officer | 5 | $0 | |
Steve Nolen Officer | 5 | $0 | |
Arnold Quast Officer | 5 | $0 | |
Martin Papanek Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $19,645 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,645 |
| 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 | $36 |
| Occupancy, rent, utilities, and maintenance | $6,619 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,546 |
| Total expenses | $33,201 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,098 |
| Other assets | $0 |
| Total assets | $42,574 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,574 |
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