Flying 20 Club Incorporated in Newtown, Connecticut (CT)

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Flying 20 Club Incorporated
Employer Identification Number (EIN)736501339
Name of OrganizationFlying 20 Club Incorporated
In Care of NameRoger Mitchell
Address68 Mile Hill Rd S, Newtown, CT 06470-2360
ActivitiesHobby club
SubsectionPleasure, Recreational, or Social Club
Ruling Date04/1974
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$364,226
Amount of Income$124,110
Form 990 Revenue Amount$124,110


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$180,436$180,537$124,110
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$102,562$105,932$63,142
Membership dues and assessments$77,867$74,571$60,933
Investment income$7$34$35
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$167,320$140,374$118,974
Total net assets$318,906$359,069$364,205
Excess/Deficit for the year$13,116$40,163$5,136
Net assets or fund balances at beginning of year$305,790$318,906$359,069
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$359,069$364,205
Balance Sheets
201220132014
Total assets$342,371$369,396$364,226
Total liabilities$23,465$10,327$21
Net assets or fund balances$318,906$359,069$364,205
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?YesYes
Total amount involved$1,500$0
Initiation fees and capital contributions$9,953$5,250$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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