Paramus Flying Club

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

EIN: 222845767 ✦ Fairfield, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Paramus Flying Club?

Paramus Flying Club is a nonprofit organization that focuses on offering its members an affordable opportunity to enjoy recreational flying experiences. Members can utilize well-maintained, collectively owned aircraft, fostering a shared passion for aviation. The club also encourages social interaction and knowledge exchange among its members, creating a pleasant environment for aviation enthusiasts to connect and grow.


Official website here: www.flyingclub.org

Is Paramus Flying Club legitimate?

Paramus Flying Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Paramus Flying Club submitted a form 990, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.flyingclub.org

What is the mission statement of Paramus Flying Club?

The Paramus Flying Club, as a social organization, is primarily focused on offering its members the chance to enjoy recreational flights at an affordable price. This is achieved through the mutual ownership of well-maintained aircraft. The club also serves as a platform for its members to share their flying experiences and gain knowledge from each other in a pleasant environment. The social aspect of the club allows for camaraderie and the exchange of flying-related insights.


Official website here: www.flyingclub.org

Who is the CEO of Paramus Flying Club?

Jan Sichermann is the President of Paramus Flying Club.


Official website here: www.flyingclub.org

What is the revenue of Paramus Flying Club?

Paramus Flying Club's revenue in 2022 was $301,157.


Official website here: www.flyingclub.org

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


Here are 7 key members and their salaries:


Roberto Costanzo (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dara Dunn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myung Kil (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Moceri (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nima Shafiee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Sichermann (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Yoon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.flyingclub.org

Where can I find the form 990 for Paramus Flying Club?

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


Official website here: www.flyingclub.org

Learn more at the official website: www.flyingclub.org

Mission Statement of Paramus Flying Club

Paramus Flying Club, as a social organization, is dedicated to offering its members an affordable and enjoyable recreational flying experience. The primary focus of this club is to provide its members with the chance to operate well-maintained, collectively-owned aircraft. Besides the flying opportunities, Paramus Flying Club also serves as a platform where members can engage, share experiences, and gain knowledge about aviation in a pleasant environment. The club's mission is to foster a sense of camaraderie amongst its members while they explore the thrill of flying.

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Impact




October, 2024

Paramus Flying Club plays a significant role in fostering a community around aviation and recreational flying in Fairfield, NJ. By offering members access to well-maintained, mutually-owned aircraft, the club makes flight experiences more affordable and accessible. This allows individuals, regardless of their flying background, to engage in the joys of flying without the financial burden of ownership.

In addition to facilitating recreational flying, the club serves as a social hub where members can connect, share experiences, and learn from one another. This exchange of knowledge enriches the flying community and enhances the overall experience for all involved. Activities within the club not only promote a love for aviation but also build lasting friendships among members who share a passion for flying. Overall, the Paramus Flying Club cultivates a vibrant and supportive environment that celebrates the joy of flight and the camaraderie of its members.




This information is meant to be a general summary of Paramus 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
$301,157 (2022)
Expenses
$402,818 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $60
  • Program Service Revenue: $301,097
  • Gross Receipts: $301,157

Assets and Liabilities:

  • Total Assets: $380,471
  • Total Liabilities: $313,946
  • Net Assets: $66,525

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FLYING REVENUE

Revenue

$160,177

MEMBER DUES

Revenue

$139,320

LATE PAYMENT FEES

Revenue

$1,600

Organization Details

Founding Year

1956

Principal Officer

Jan Sichermann

Main Address

27 WRIGHT WAY SUITE 9, FAIRFIELD, NJ, 07004

NTEE Category

Code: N67 - Recreation

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