Air Spacers
- Assets
- $887.3k
- Revenue
- $360.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 05/1970
- Data as of
- 12/2021
- EIN
- 95-2599720
Organization Overview
Air Spacers is located in Santa Monica, CA. The organization was established in 1970. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Spacers 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, Air Spacers generated $360.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $307.9k during the year ending 12/2021. While expenses have increased by 6.2% 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
NOT FOR PROFIT AIRCRAFT FLYING CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLYING CLUB OF SIXTY-FIVE MEMBERS OPERATING FIVE AIRCRAFT PROVIDING AIRCRAFT AND ENABLING FLIGHT TRAINING TO MEMBERS AT REASONABLE COSTS THROUGH MUTUAL OWNERSHIP.
PROVIDES BACK-UP AIRCRAFT FOR EMERGENCY GOVERNMENT NEEDS SUCH AS DISASTER RELIEF, TRANSPORTATION OF OFFICIALS, MEDICAL NEEDS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hanoz Gandhi President | Officer | 3 | $0 |
Alon Hacohen Treasurer | Officer | 5 | $0 |
Oren Rosenthal Secretary | Officer | 3 | $0 |
Joshua Mizrahi Vice President | Officer | 3 | $0 |
Kristine Maine Safety Chairman | Officer | 3 | $0 |
Rosalind Read Member Chair | Officer | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $346,529 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,043 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $294 |
| Office expenses | $92 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $54,605 |
| Total functional expenses | $307,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877 |
| Savings and temporary cash investments | $140,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $745,510 |
| Total assets | $887,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,484 |
| 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 | $358,902 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,845 |
| Total liabilities | $365,231 |
| Net assets without donor restrictions | $522,038 |
| 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 | $887,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reuben H Fleet Science Center San Diego, CA | $16,408,047 | $12,189,774 |
Open Earth Foundation Marina Del Rey, CA | $6,524,924 | $7,641,796 |
Graduate Fellowships For Science Technology Engineering And Los Angeles, CA | $408,751 | $1,174,530 |
The Aldrin Family Foundation Inc Los Angeles, CA | $325,258 | $1,263,674 |
International Union United Automobile Aerospace & Agricultura Palmdale, CA | $688,052 | $414,008 |
Womens Earth And Climate Action Network Mill Valley, CA | $1,406,378 | $1,001,264 |
Stanford Aviation Association Stanford, CA | $1,033,858 | $465,741 |
Air Spacers Santa Monica, CA | $887,269 | $360,043 |
Transducer Research Foundation Inc San Diego, CA | $418,968 | $362,893 |
Klamath Outdoor Science School Klamath Falls, OR | $434,185 | $404,690 |
Vacavilles Imagine That Vacaville, CA | $85,447 | $0 |
Association Of Aviation Ordnancemen Las Vegas, NV | $292,565 | $172,513 |