2026-04-11T22:54:47Z 2025-12-31 990EZ 2025-01-01 300720526 QUAD CITY AREA FLYING EAGLES INC QUAD 5632651150 6152 76TH AVE STE APT D MILAN IL 612643208 Brad Ward Treasurer 5632651150 2026-04-11 2025 2025-03-06 01:10:19Z X X https://qcflyingeagles.com X X 162944 X 119372 42675 3 894 162944 13137 166018 179155 -16211 303509 287298 139005 61115 171839 353759 310844 414874 7335 127576 303509 287298 Provide our members with affordable and well maintained aircraft to promote General Aviation safety and proficiency The club currently owns and operates 4 Cessna aircraft for the benefit of it's members 0 Jim Goetsch President 10.00 0 0 0 Ron Morton Director 1.00 0 0 0 Brad Ward Treasurer 2.00 0 0 0 David Ratliff Director 1.00 0 0 0 Brad Zust Director 1.00 0 0 0 Dustin King Director 1.00 0 0 0 false false false false false 0 false false 0 0 false false Brad Ward 3507 72nd St Moline IL 61265 3092697815 false false false false false false false false NONE 0 NONE 0 false Part I, Line 16 -------------------------------------------------------------------------------- FORM 990-EZ, PART I, LINE 16 OTHER EXPENSES The following is a breakdown of Other Expenses reported on Line 16 ($166,018): Aircraft operating costs (fuel, maintenance, and repairs) $126,062 Insurance (aircraft and liability) $ 9,441 Depreciation $ 8,375 Miscellaneous expenses $ 22,140 -------- Total Other Expenses (Line 16) $166,018 -------------------------------------------------------------------------------- FORM 990-EZ, PART II, LINE 24 OTHER ASSETS The following is a breakdown of Other Assets reported on Line 24 (beginning of year: $171,839; end of year: $353,759): Beginning of Year End of Year Aircraft N887W (net book value) $166,681 $166,681 Aircraft N2225E (net book value) $ 0 $179,200 Accounts receivable $ 5,058 $ 3,135 Prepaid expenses $ 100 $ 4,743 -------- -------- Total Other Assets (Line 24) $171,839 $353,759 Note: Aircraft are stated at cost less accumulated depreciation. The aircraft loan payable on N2225E is included in Line 26 liabilities. -------------------------------------------------------------------------------- FORM 990-EZ, PART II, LINE 26 TOTAL LIABILITIES The following is a breakdown of Total Liabilities reported on Line 26 (beginning of year: $7,335; end of year: $127,576): Beginning of Year End of Year Aircraft loan payable (N2225E) $ 0 $112,416 Member key deposits $ 3,960 $ 3,960 Accounts payable and accrued expenses $ 3,375 $ 11,200 -------- -------- Total Liabilities (Line 26) $ 7,335 $127,576 --------------------------------------------------------------------------------