Lyons Mustangs Ac
- Assets
- $245.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lyons, IL
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 83-2017563
Organization Overview
Lyons Mustangs Ac is located in Lyons, IL. The organization was established in 2018. 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. Lyons Mustangs Ac 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, Lyons Mustangs Ac generated $27.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $24.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 4 years. 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
ON A CONTINUING BASIS, THE LYONS MUSTANGS A.C. PROVIDES A VENUE AS A SOCIAL CLUB FOR THE RECREATIONAL, ENJOYMENT AND SOCIAL ACTIVITIES OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Benedik Director | 0.5 | $0 | |
Gene Pouliot Director | 0.5 | $0 | |
Ed Metz Director | 0.5 | $0 | |
Alan Chopp Director | 0.5 | $0 | |
Brandon Schuppe President | 0.5 | $0 | |
Chris Bohn Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,454 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,150 |
| Investment income | $2,500 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,315 |
| Other Revenue | $0 |
| Total Revenue | $27,419 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $118 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,330 |
| Occupancy, rent, utilities, and maintenance | $16,003 |
| Printing, publications, postage, and shipping | $673 |
| Other expenses | $5,037 |
| Total expenses | $24,161 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,058 |
| Other assets | $0 |
| Total assets | $245,558 |
| Total liabilities | $0 |
| Net assets or fund balances | $245,558 |
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