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Thoroughbred Flying Club Inc

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

EIN: 822226770 ✦ Louisviulle, KY ✦ Designated as a 501(c)(7)

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Overview

What is Thoroughbred Flying Club Inc?

Thoroughbred Flying Club Inc, based in Louisville, Kentucky, is a nonprofit organization that facilitates a community for pilots and their families. Membership is open to individuals who share a passion for flying. The club's primary function is to cover its fixed expenses through monthly fees and variable costs associated with airplane operation, which are covered by hourly fees for airplane usage. The club's mission is to foster relationships within the flying community, nurture a shared love for aviation, and promote aviation in their community.


Official website here: www.tflyingclub.org

Is Thoroughbred Flying Club Inc legitimate?

Thoroughbred Flying Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Thoroughbred Flying Club Inc 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.tflyingclub.org

What is the mission statement of Thoroughbred Flying Club Inc?

The Thoroughbred Flying Club Inc encourages membership for pilots and their families, aiming to foster a community of like-minded aviation enthusiasts. Their mission is to strengthen relationships within the flying community, nurture a shared passion for aviation, and advocate for aviation in the broader society. Membership fees contribute to covering the club's fixed expenses and hourly usage fees for the airplanes, which help cover the variable costs associated with their operation.


Official website here: www.tflyingclub.org

Who is the CEO of Thoroughbred Flying Club Inc?

James M Spurgeon is the Prseident of Thoroughbred Flying Club Inc.


Official website here: www.tflyingclub.org

What is the revenue of Thoroughbred Flying Club Inc?

Thoroughbred Flying Club Inc's revenue in 2022 was $380,573.


Official website here: www.tflyingclub.org

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

There 3 volunteers at Thoroughbred Flying Club Inc.


Here are 3 key members and their salaries:


James M Spurgeon (Prseident)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Whalen (Vice President Of Operations And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Ormsby (Secretary And Member Relations)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tflyingclub.org

Where can I find the form 990 for Thoroughbred Flying Club Inc?

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


Official website here: www.tflyingclub.org

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

Mission Statement of Thoroughbred Flying Club Inc

Thoroughbred Flying Club Inc is an organization that welcomes pilots and their families, encouraging camaraderie within the aviation community. Its mission is to foster relationships among like-minded individuals who share a passion for flying, while simultaneously promoting aviation within their community. Membership in this club provides an opportunity for its members to connect with one another, nurturing their shared love for aviation. The club also strives to contribute to the broader aviation community by promoting this activity and fostering a sense of enthusiasm for flight. The club generates revenue through monthly membership fees and hourly charges for the use of its aircraft, covering both fixed and variable costs associated with their operation.

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Impact




October, 2024

Thoroughbred Flying Club Inc fosters a vibrant community for pilots and their families in Louisville, KY, by creating an inclusive space for building relationships among aviation enthusiasts. Through membership, individuals engage with like-minded peers, share their passion for flying, and support each other's growth in the aviation field.

The club operates on a structure that balances fixed and variable costs, ensuring sustainability while promoting accessibility to aviation. Monthly membership fees help cover essential expenses, while hourly fees for airplane usage ensure that members can take to the skies without financial hurdles. This model not only encourages active participation in flying but also cultivates a culture of shared responsibility for the club's assets.

Moreover, by promoting aviation within the local community, Thoroughbred Flying Club Inc plays a crucial role in enhancing the visibility and appreciation of aviation as a recreational activity. The club contributes to the development of new pilots and keeps the spirit of flying alive, creating a ripple effect that enriches the broader aviation community.




This information is meant to be a general summary of Thoroughbred Flying Club Inc. 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
$380,573 (2022)
Expenses
$357,268 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $196,523
  • Gross Receipts: $380,573

Assets and Liabilities:

  • Total Assets: $106,188
  • Total Liabilities: $0
  • Net Assets: $106,188

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Organization Details

Founding Year

2017

Principal Officer

James M Spurgeon

Main Address

10629 Gleneagle Pl, Louisviulle, KY, 40223

NTEE Category

Code: N50 - Recreation

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