Aero Club Seven Inc
- Assets
- $136.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crosslake, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-2737613
Organization Overview
Aero Club Seven Inc is located in Crosslake, MN. 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. Aero Club Seven Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Aero Club Seven Inc generated $30.9k 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 (28.4%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE CLUB SEEKS TO BE A NON-PROFIT, SOCIAL ORGANIZATION, ESTABLISHED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS MEMBERS. FINANCIAL SUPPORT OF THE CLUB SHALL BE BY MEMBERSHIP FEES, DUES, AND ASSESSMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Balmer President | 1.25 | $0 | |
Victor Peterson Vice-President | 1.25 | $0 | |
Matthew Balmer Treasurer | 1.25 | $0 | |
Jon Fogarty Secretray | 1.25 | $0 | |
Reid Price Director | 1.25 | $0 | |
Eli Zenner Director | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $30,932 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,932 |
| 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 | $1,349 |
| Occupancy, rent, utilities, and maintenance | $25,448 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,028 |
| Total expenses | $48,825 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,312 |
| Other assets | $0 |
| Total assets | $136,024 |
| Total liabilities | $108,251 |
| Net assets or fund balances | $27,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
Minneapolis Club Inc Minneapolis, MN | $13,677,806 | $3,594,595 |
Spring Hill Golf Club Wayzata, MN | $14,177,799 | $4,336,296 |
Chenequa Country Club Inc Hartland, WI | $8,162,285 | $3,577,706 |
Tuckaway Country Club Inc Franklin, WI | $8,452,752 | $4,849,926 |
Lake Geneva Country Club Fontana, WI | $6,852,229 | $4,168,458 |
West Bend Country Club West Bend, WI | $5,974,564 | $4,364,708 |
Ozaukee Country Club Mequon, WI | $8,942,938 | $4,466,507 |