Camarillo Chapter No 723 Experi- Mental Aircraft Association
- Assets
- $400.3k
- Revenue
- $203.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Camarillo, CA
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 95-3655607
Organization Overview
Camarillo Chapter No 723 Experi- Mental Aircraft Association is located in Camarillo, CA. The organization was established in 2007. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camarillo Chapter No 723 Experi- Mental Aircraft Association 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 12/2023, Camarillo Chapter No 723 Experi- Mental Aircraft Association generated $203.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $63.6k during the year ending 12/2023. While expenses have increased by 13.2% per year over the past 8 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
CHAPTER MEMBERS ARE INVOLVED IN A VARIETY OF SOCIAL AND EDUCATIONAL ACTIVITIES, INCLUDING YOUNG EAGLES RALLIES, FLY-INS, BUILDING SEMINARS, AND VOLUNTEERING FOR THE ANNUAL CAMARILLO AIR SHOW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID IN THE CONSTRUCTION OF APPROXIMATELY 10 HOME BUILT AIRCRAFT PER YEAR WITH DIRECT ASSISTANCE, WORKSHOPS, TECHINCAL ADVISORS, HANGAR SPACE, TOOLS, EQUIPMENT, SUPPLIES AND EXPERT SPEAKERS AT MEETINGS.
PROVIDE ACADEMIC AND FLIGHT TRAINING SCHOLARSHIPS TO AREA YOUTH IN ENGINEERING, PHYSICS, MATHEMATICS, SCIENCE AND OTHER AIRCRAFT RELATED EDUCATIONAL PROGRAMS.
INTEREST YOUTH IN AVIATION BY CONDUCTING TOURS DURING AIRSHOWS, OFFERING FREE AIRPLANE RIDES TO MORE THAN 300 YOUNG PEOPLE PER YEAR THROUGH THE EAA YOUNG EAGLES PROGRAM, PROVING INSTRUCTION IN NAVIGATION, RADIO COMMUNICATION AND AIRCRAFT FLIGHT SIMULATION. IN ADDITION, PROMOTE THE AIRPORT AND GENERAL AVIATION TO THE PUBLIC AS AN OUTREACH TO LOCAL RESIDENTS AND VISITORS THROUGH COMMUNITY EVENTS AND FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Moghaddas President | Officer | 2 | $0 |
Robert Appleford Vice President | Officer | 1 | $0 |
Dawn Maloney Secretary | Officer | 1 | $0 |
Barbara Filkins Treasurer | Officer | 1 | $0 |
Alan Gurewitz Director | Trustee | 0 | $0 |
Ron Hirsty Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,756 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,326 |
| Noncash contributions included in lines 1a–1f | $181,085 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,082 |
| Total Program Service Revenue | $30,446 |
| Investment income | $408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$21,523 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,413 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,809 |
| 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 | $6,202 |
| Insurance | $2,504 |
| All other expenses | $7,039 |
| Total functional expenses | $63,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,988 |
| Savings and temporary cash investments | $0 |
| 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 | $17,595 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $136,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $400,282 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $400,282 |
| Total liabilities and net assets/fund balances | $400,282 |