Vrb Hangars INC FY2022 filing

Vero Beach, FL501(c)(7)Recreation & SportsEIN 65-0775328Revenue $108K in FY2022

On file with the IRS3001 Flight Safety Dr, 32960-7912 · Vero Beach, FLTax-exempt since Dec 2000

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To provide a means in performing maint., pay ground rent, r.e. Taxes and ins. On common ground leased by the organization and perform any other activity that would be in the best interest and protection of the rights of members and their families.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $358 a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
+10% vs prior year
Spent
$100K
To programs
96%
Net assets
$23K
By yearFY2021–FY2025
Revenue
$108K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$98K
FY2022$108K
FY2023$118K
FY2024$124K
FY2025$126K
Expenses
$100K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$92K
FY2022$100K
FY2023$114K
FY2024$110K
FY2025$160K
Net assets
$23K
FY2022▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2021$15K
FY2022$23K
FY2023$27K
FY2024$41K
FY2025$7K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $96K Management & general 4% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Trustee/Dire
$0Pt VII · Sec A
Trustee/Dire
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vrb Hangars INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains common ground, paying rent, taxes, and insurance for members' protection.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

To provide a means in performing maint., pay ground rent, R.E. Taxes and ins. On common ground leased by the organization and perform any other activity that would be in the best interest and protection of the rights of members and their families.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Gifts and grantsLn 1h$108K
Investment incomeLn 3$1
Money outPt IX
$100K
Ln 25
Programscol B$96K
Managementcol C$4K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$23K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Investment incomeLn 3$1
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Total assetsLn 16$23K
LiabilitiesLn 26$0
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$15K$23K
Total assetsLn 16$15K$23K
LiabilitiesLn 26$0$0
Net assetsLn 32$15K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Office expensesLn 13$480$480
OccupancyLn 16$50K$50K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$19K$19K$61
Total functional expensesLn 25$100K$96K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $126K$160K−$34K$7K 990 PDF
FY2024 $124K$110K$14K$41K 990 PDF
FY2023 $118K$114K$4K$27K 990 PDF
FY2022 Viewing $108K$100K$8K$23K 990 PDF
FY2021 $98K$92K$6K$15K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $107,962 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,795$107,961
I-9 Program service revenue$0
I-10 Investment incomePrior year $1$1
I-11 Other revenue$0
I-12 Total revenuePrior year $97,796$107,962
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $91,606$100,257
I-18 Total expensesPrior year $91,606$100,257
I-19 Revenue less expensesPrior year $6,190$7,705
Part VI · Governance 25 of 25 board members independent, 4 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $107,962 across 4 lines filed
VIII-1b Membership dues$107,961
VIII-1h Total contributions, gifts and grants$107,961
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $1$107,962
Part IX · Statement of functional expenses $100,257 across 5 lines filed
IX-11c Accounting feesManagement $3,600$3,600
IX-13 Office expensesManagement $480$480
IX-16 OccupancyPrograms $49,543$49,543
IX-23 InsurancePrograms $28,055$28,055
IX-24 Other expenses (24a–d)Programs $18,518 · Management $61$18,579
IX-25 Total functional expensesPrograms $96,116 · Management $4,141 · Fundraising $0$100,257
Part X · Balance sheet $23,022 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $15,317$23,022
X-16 Total assetsStart of year $15,317$23,022
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $15,317$23,022
X-32 Total net assets or fund balancesStart of year $15,317$23,022
X-33 Total liabilities and net assetsStart of year $15,317$23,022
Part XI · Reconciliation of net assets $23,022 net assets at year end
XI-1 Total revenue$107,962
XI-2 Total expenses$100,257
XI-3 Revenue less expenses$7,705
XI-4 Net assets at start of year$15,317
XI-10 Net assets at end of year$23,022

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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