Provide airplane take off, landing and storage facilities to members

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $31K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345K
-8% vs prior year
Spent
$354K
To programs
92%
Net assets
$903K
By yearFY2020–FY2024
Revenue
$345K
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$291K
FY2022$294K
FY2023$374K
FY2024$345K
Expenses
$354K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2021$244K
FY2022$266K
FY2023$278K
FY2024$354K
Net assets
$903K
FY2024▼ -1.0%
Tap a bar for its year
Net assets by fiscal year
FY2020$741K
FY2021$788K
FY2022$817K
FY2023$913K
FY2024$903K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1986.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $327K Management & general 5% · $17K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Frazier Lake Airpark 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

Offers airplane takeoff, landing, and storage services to members.

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1 program · $327K · in their own filed words · FY2024
01

Operation of private airfield, including storage facilities to members

$327Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$345K
Ln 12
Fees for servicesLn 2g$331K
Investment incomeLn 3$12K
Other incomeLn 4–11$1K
Money outPt IX
$354K
Ln 25
Programscol B$327K
Managementcol C$17K
Owns and owesPt X
$903K
net assets · Ln 32
Cash and savingsLn 1–2$316K
Total assetsLn 16$939K
LiabilitiesLn 26$36K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$530
Fees for servicesLn 2g$331K
Investment incomeLn 3$12K
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$345K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$287K
Cash and savings togetherLn 1–2$316K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$611K
Other assetsLn 15$0
Total assetsLn 16$939K
LiabilitiesLn 26$36K
Net assetsLn 32$903K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$313K$316K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$613K$611K
Total assetsLn 16$943K$939K
LiabilitiesLn 26$31K$36K
Net assetsLn 32$913K$903K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$444$444
Advertising and promotionLn 12$0
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$902$902
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$22K$16K$6K
Other expenses (24a–d)Ln 24$300K$300K
All other expensesLn 24e$6K$5K$2K
Total functional expensesLn 25$354K$327K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $345K$354K−$9K$903K 990 PDF
FY2023 $374K$278K$96K$913K 990 PDF
FY2022 $294K$266K$28K$817K 990 PDF
FY2021 $291K$244K$48K$788K 990 PDF
FY2020 $253K$263K−$10K$741K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $345,124 revenue, 12 lines filed
I-8 Contributions and grants$530
I-9 Program service revenuePrior year $370,770$331,415
I-10 Investment incomePrior year $3,277$12,083
I-11 Other revenuePrior year $75$1,096
I-12 Total revenuePrior year $374,122$345,124
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 $278,045$354,228
I-18 Total expensesPrior year $278,045$354,228
I-19 Revenue less expensesPrior year $96,077−$9,104
Part VI · Governance 0 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
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 $345,124 across 9 lines filed
VIII-1f All other contributions, gifts and grants$530
VIII-1h Total contributions, gifts and grants$530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $331,415$331,415
VIII-3 Investment incomeUnrelated business $12,083$12,083
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $1,096$1,096
VIII-12 Total revenueRelated to mission $331,415 · Unrelated business $12,083 · Excluded from tax $1,096$345,124
Part IX · Statement of functional expenses $354,228 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,019$8,019
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $444$444
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $4,781$4,781
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $902$902
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$11,166
IX-23 InsurancePrograms $16,099 · Management $5,959$22,058
IX-24 Other expenses (24a–d)Programs $300,497$300,497
IX-24e All other expensesPrograms $4,736 · Management $1,625$6,361
IX-25 Total functional expensesPrograms $326,557 · Management $16,505 · Fundraising $0$354,228
Part X · Balance sheet $939,094 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $37,955$28,545
X-2 Savings and temporary cash investmentsStart of year $275,257$287,341
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,709$400
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $12,976$12,227
X-10c Land, buildings and equipment, netStart of year $613,247$610,581
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $943,144$939,094
X-17 Accounts payable and accrued expensesStart of year $4,699$4,990
X-19 Deferred revenueStart of year $25,860$30,623
X-26 Total liabilitiesStart of year $30,559$35,613
X-32 Total net assets or fund balancesStart of year $912,585$903,481
X-33 Total liabilities and net assetsStart of year $943,144$939,094
Part XI · Reconciliation of net assets $903,481 net assets at year end
XI-1 Total revenue$345,124
XI-2 Total expenses$354,228
XI-3 Revenue less expenses−$9,104
XI-4 Net assets at start of year$912,585
XI-10 Net assets at end of year$903,481

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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