Skyranch Flight Association is located in Carefree, AZ. The organization was established in 1988. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Skyranch Flight Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skyranch Flight Association 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, Skyranch Flight Association generated $600.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $333.0k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION AND MAINTENANCE OF PRIVATE AIRPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE LINE 1 ABOVE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles F Wright President/tr | OfficerTrustee | $0 | |
Charles Raymond Fuller Vice Preside | OfficerTrustee | $0 | |
Mike Pestano Secretary | OfficerTrustee | $0 | |
Randall Harris Director | Trustee | $0 | |
Jr Spalj Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $492,460 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $492,460 |
Total Program Service Revenue | $60,254 |
Investment income | $2,781 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $10,929 |
Net Gain/Loss on Asset Sales | $3,487 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $30,440 |
Miscellaneous Revenue | $0 |
Total Revenue | $600,351 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $117,846 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $8,867 |
Payroll taxes | $6,828 |
Fees for services: Management | $0 |
Fees for services: Legal | $120 |
Fees for services: Accounting | $23,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,571 |
Advertising and promotion | $0 |
Office expenses | $2,306 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,727 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $81,492 |
Insurance | $23,312 |
All other expenses | $5,879 |
Total functional expenses | $333,038 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $331,807 |
Savings and temporary cash investments | $60,407 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,298 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $49,695 |
Prepaid expenses and deferred charges | $18,514 |
Net Land, buildings, and equipment | $753,116 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,216,837 |
Accounts payable and accrued expenses | $47,877 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $421,962 |
Total liabilities | $469,839 |
Net assets without donor restrictions | $746,998 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,216,837 |
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