Boeing Employees Flying Assoc Inc
- Assets
- $2.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Renton, WA
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 91-6032691
Organization Overview
Boeing Employees Flying Assoc Inc is located in Renton, WA. The organization was established in 1998. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, Boeing Employees Flying Assoc Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boeing Employees Flying Assoc Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Boeing Employees Flying Assoc Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, REASONABLY-PRICED FLYING OPPORTUNITIES FOR MEMBERS, AND TO PROVIDE CONTINUING EDUCATION, JOB TRAINING, AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF AIRCRAFT AND HANGAR SPACE TO MEMBERS
MISCELLANEOUS REVENUE, INCLUDING LATE FEES AND CREDIT CARD CONVENIENCE FEES.
PILOT TRAINING - GROUND SCHOOL/FLIGHT TRAINING AND CATS TESTING
MEMBERSHIP DUES AND INITIAL MEMBERSHIP SHARE PURCHASES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Moore President | OfficerTrustee | 4 | $0 |
Robert Ingersoll Executive Di | OfficerTrustee | 4 | $0 |
Estelle Fortes Vice Preside | OfficerTrustee | 4 | $0 |
Scott Hunziker Operations O | OfficerTrustee | 4 | $0 |
Paul Briede Safety Offic | OfficerTrustee | 4 | $0 |
Thomas Hansen Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $2,180,068 |
| Investment income | $4,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,000 |
| Net Gain/Loss on Asset Sales | -$83,334 |
| Net Income from Fundraising Events | -$986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,923 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,259,267 |
| 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 | $352,927 |
| Pension plan accruals and contributions | $12,800 |
| Other employee benefits | $3,720 |
| Payroll taxes | $33,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $891 |
| Office expenses | $30,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $253,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,315 |
| Insurance | $244,058 |
| All other expenses | $39,545 |
| Total functional expenses | $2,179,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,896 |
| Savings and temporary cash investments | $271,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,873 |
| Prepaid expenses and deferred charges | $1,859 |
| Net Land, buildings, and equipment | $1,842,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,580 |
| Total assets | $2,423,293 |
| Accounts payable and accrued expenses | $108,858 |
| 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 | $385,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,350 |
| Total liabilities | $521,215 |
| Net assets without donor restrictions | $0 |
| 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 | $1,902,078 |
| Total liabilities and net assets/fund balances | $2,423,293 |