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Gace Flying Club

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112394585 ✦ Ronkonkoma, NY ✦ Designated as a 501(c)(7)

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Overview

What is Gace Flying Club?

Gace Flying Club is a nonprofit organization dedicated to fostering the safe and cost-efficient utilization of aircraft. By owning and managing several aircraft, the club offers its members the opportunity to share in their operation expenses. The primary objective of Gace Flying Club is to encourage and support its members in their aviation pursuits, ensuring a secure and economical aviation experience.


Official website here: www.gaceflyingclub.com

Is Gace Flying Club legitimate?

Gace Flying Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Gace Flying Club submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.gaceflyingclub.com

What is the mission statement of Gace Flying Club?

The Gace Flying Club's mission is centered around promoting and fostering the safe and cost-effective utilization of aircraft. The club achieves this by owning and operating various aircraft, which are made available for shared use among its members. The club operates on a principle of cost-sharing for aircraft expenses.


Official website here: www.gaceflyingclub.com

Who is the CEO of Gace Flying Club?

Jeffrey Mcarthur is the President of Gace Flying Club.


Official website here: www.gaceflyingclub.com

What is the revenue of Gace Flying Club?

Gace Flying Club's revenue in 2022 was $122,124.


Official website here: www.gaceflyingclub.com

Who are the executives of Gace Flying Club and what are their salaries?


Here are 4 key members and their salaries:


Jeffrey Mcarthur (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Thury (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Erbio (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Keller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gaceflyingclub.com

Where can I find the form 990EZ for Gace Flying Club?

Gace Flying Club's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.gaceflyingclub.com

Learn more at the official website: www.gaceflyingclub.com

Mission Statement of Gace Flying Club

Gace Flying Club, as a nonprofit organization, is dedicated to fostering the safe and cost-effective utilization of aircraft. The club achieves this mission by owning and managing several aircraft, which are then shared among its membership. The members of Gace Flying Club contribute to the shared expenses of operating these aircraft, promoting both the advancement and encouragement of aircraft usage. By doing so, the club aims to make aviation more accessible and affordable for its members.

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Impact




October, 2024

Gace Flying Club actively promotes the safe and economical use of aircraft, significantly impacting its members and the local aviation community. By owning and operating several aircraft, the club provides its members with access to flying opportunities that might otherwise be financially prohibitive. This cost-sharing model reduces individual expenses, making aviation more accessible and fostering a community of enthusiasts who can share their passion for flying.

In addition to enhancing recreational opportunities, the club contributes to the development of aviation skills among its members, encouraging safety and best practices in flying. The collective ownership and maintenance of aircraft also ensure that members benefit from shared resources and expertise, strengthening connections within the pilot community. Overall, Gace Flying Club serves as a vital hub for aviation enthusiasts in Ronkonkoma, NY, advancing both individual and collective engagement in flying activities.




This information is meant to be a general summary of Gace Flying Club. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$122,124 (2022)
Expenses
$101,752 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,347
  • Program Service Revenue: $120,777
  • Gross Receipts: $122,124

Assets and Liabilities:

  • Total Assets: $257,745
  • Total Liabilities: $32,227
  • Net Assets: $225,518

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Organization Details

Principal Officer

Jeffrey Mcarthur

Main Address

2099 SMITHTOWN AVENUE, RONKONKOMA, NY, 117797357

NTEE Category

Code: N50 - Recreation

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