Nonprofit · EIN 23-7229880
PRESCOTT FLYING CLUB INC
Tax-exempt · SOUTH ST PAUL, MN 55075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $252,565 | $217,118 | $35,447 | $876,834 | $510,324 | $366,510 |
| December 31, 2024 | 990 | $182,983 | $173,035 | $9,948 | $698,898 | $367,835 | $331,063 |
| December 31, 2023 | 990 | $378,899 | $400,765 | -$21,866 | $689,522 | $368,407 | $321,115 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $227,827
- Investment income
- $2,502
- Other revenue
- $22,236
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,008
- Occupancy
- $6,356
Balance sheet and other
- Total assets, start of year
- $698,898
- Total assets, end of year
- $876,834
- Total liabilities, end of year
- $510,324
- Net assets, end of year
- $366,510
- Land, buildings and equipment
- $834,827
- Net assets without donor restrictions
- $366,510
- Gross unrelated business income
- $2,502
- Gross receipts
- $252,565
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2002
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY ROBERTSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES LEARY JR | TREASURER Trustee or director, Officer | 5 | $0 |
| PAUL KORKOWSKI | SECRETARY Trustee or director, Officer | 2 | $0 |
| JARED ROLFZEN | MAINTENANCE OFFICER Trustee or director, Officer | 5 | $0 |
| MITCH BECKER | VICE PRESIDENT/SAFETY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY ROBERTSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES LEARY JR | TREASURER Trustee or director, Officer | 5 | $0 |
| PAUL KORKOWSKI | SECRETARY Trustee or director, Officer | 2 | $0 |
| JARED ROLFZEN | MAINTENANCE OFFICER Trustee or director, Officer | 5 | $0 |
| MITCH BECKER | SAFETY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY ROBERTSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JAMES LEARY JR | TREASURER Trustee or director, Officer | 5 | $0 |
| PAUL KORKOWSKI | SECRETARY Trustee or director, Officer | 2 | $0 |
| DANIEL HOWE | MAINTENANCE OFFICER Trustee or director, Officer | 5 | $0 |
| CHUCK JENTS | VICE PRESIDENT/SAFETY Trustee or director, Officer | 2 | $0 |
| MITCH BECKER | SAFETY Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1605 ERCOUPE LN, SOUTH ST PAUL, MN 55075-3566
- In care of
- % HERBERT MCDONALD TREAS
- Principal officer (990 for 2025)
- JAMES LEARY JR, 1605 ERCOUPE LN, SOUTH ST PAUL, MN 55075
- Signed the 990
- JAMES LEARY JR, TREASURER
- Phone
- (651) 455-6855
- Website
- WWW.PRESCOTTFLYINGCLUB.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO PROMOTE INTEREST IN FLYING AND FLYING EDUCATION.
Program accomplishments
- FLYING CLUB - 50 SHAREHOLDER/MEMBERS, FOUR AIRCRAFTS, NO NON-MEMBER USE OF AIRCRAFT.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7229880
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $876,834
- Income (IRS master file)
- $252,565
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $252,565 | $217,118 | $876,834 | IRS |
| 990 | December 2024 | $182,983 | $173,035 | $698,898 | XML |
| 990 | December 2023 | $378,899 | $400,765 | $689,522 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7229880).
Questions about PRESCOTT FLYING CLUB INC
- What is the EIN of PRESCOTT FLYING CLUB INC?
- The employer identification number (EIN) of PRESCOTT FLYING CLUB INC is 23-7229880.
- Is PRESCOTT FLYING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2002.
- Are donations to PRESCOTT FLYING CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PRESCOTT FLYING CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRESCOTT FLYING CLUB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRESCOTT FLYING CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PRESCOTT FLYING CLUB INC?
- The 990 for the year ended December 31, 2025 names JAMES LEARY JR.
- Who are the officers and directors of PRESCOTT FLYING CLUB INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PRESCOTT FLYING CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $252,565, expenses of $217,118 and total assets of $876,834 at year end.
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