Missionary Aviation Repair Center
- Assets
- $3.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Soldotna, AK
- Founding
- 04/1968
- Data as of
- 12/2022
- EIN
- 92-0032812
Organization Overview
Missionary Aviation Repair Center is located in Soldotna, AK. The organization was established in 1968. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Missionary Aviation Repair Center employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missionary Aviation Repair Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Missionary Aviation Repair Center generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSIONARY TRANSPORTATION SUPPORT
Describe the Organization's Program Activity:
SUPPORTING RURAL MISSIONARIES, CHURCHES, AND BIBLE CAMPS WITH AVIATION TRANSPORTATION AND AIRCRAFT RELATED SERVICES AND REPAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Russell Secretary | Trustee | 2 | $0 |
Rob Miller Director | Trustee | 2 | $0 |
David Scroggins Director | Trustee | 2 | $0 |
James Walsh Chairman | OfficerTrustee | 2 | $0 |
Brent Richardson Treasurer | OfficerTrustee | 2 | $0 |
Peter Bastke Executive Director | Officer | 5 | $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 | $2,806,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,806,433 |
| Total Program Service Revenue | $413,240 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $551,120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $204,661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,975,454 |
| 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. | $92,000 |
| Compensation of current officers, directors, key employees. | $9,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,335,637 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $100,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,925 |
| Advertising and promotion | $0 |
| Office expenses | $43,648 |
| Information technology | $11,236 |
| Royalties | $0 |
| Occupancy | $49,049 |
| Travel | $61,698 |
| 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 | $139,477 |
| Insurance | $105,619 |
| All other expenses | $25,700 |
| Total functional expenses | $2,844,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,234 |
| Savings and temporary cash investments | $928,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $248,353 |
| Prepaid expenses and deferred charges | $2,108 |
| Net Land, buildings, and equipment | $1,087,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,264,190 |
| Accounts payable and accrued expenses | $93,384 |
| 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 | $0 |
| Total liabilities | $93,384 |
| Net assets without donor restrictions | $3,170,806 |
| 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 | $3,264,190 |