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Nonprofit · EIN 38-2055116

UNIVERSITY OF MICHIGAN FLYERS INC

Tax-exempt · ANN ARBOR, MI 48108

Financials

$1.1M$1M2023$1.5M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF MICHIGAN FLYERS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,459,775$1,340,247$119,528$1,542,748$230,101$1,312,647
December 31, 2023990$1,140,366$1,046,523$93,843$1,546,075$352,956$1,193,119
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,451,002
Investment income
$10,031
Net income from sales of inventory
-$1,258
Other revenue
-$1,258

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$13,886
Other salaries and wages
$75,455
Salaries, compensation and benefits (total)
$98,324
Professional fundraising fees
$0
Accounting fees
$13,005
Occupancy
$126,552
Travel
$1,345
Depreciation
$132,037
Program services (functional)
$1,285,012
Management and general (functional)
$55,235

Balance sheet and other

Total assets, start of year
$1,546,075
Total assets, end of year
$1,542,748
Total liabilities, end of year
$230,101
Net assets, end of year
$1,312,647
Land, buildings and equipment
$671,652
Gross unrelated business income
$10,031
Gross receipts
$1,466,913
Employees
3
Volunteers
0
Year formed
1969
State of legal domicile
MI

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
BRUCE WILLIAMSGENERAL MANAGER
Trustee or director, Officer
10$13,886
JAMES POWERPRESIDENT
Trustee or director, Officer
5$0
JACOB SMITHTREASURER
Trustee or director, Officer
3$0
AUSTIN CIRULLIVICE-PRESIDENT
Trustee or director, Officer
3$0
CHRIS BALLARDSECRETARY
Trustee or director, Officer
1$0
MATTHEW REMINGTONDIRECTOR
Trustee or director
1$0
BEN WOLAKDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
BRUCE WILLIAMSGENERAL MANAGER
Trustee or director, Officer
10$12,002
JAMES POWERPRESIDENT
Trustee or director, Officer
5$0
JACOB SMITHTREASURER
Trustee or director, Officer
3$0
FRED HALLVICE-PRESIDENT
Trustee or director, Officer
3$0
CHRIS BALLARDSECRETARY
Trustee or director, Officer
1$0
MATTHEW REMINGTONDIRECTOR
Trustee or director
1$0
BEN WOLAKDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1075 AIRPORT DR, ANN ARBOR, MI 48108-9707
Principal officer (990 for 2024)
JAMES POWER
Signed the 990
JAMES POWER, PRESIDENT
Phone
(734) 994-6208
Return prepared by
SCHLAUPITZ MADHAVAN PC

Mission

WE PROMOTE A PASSION FOR AVIATION THROUGH OWNERSHIP, LEASE AND MAINTENANCE OF A SMALL FLEET OF AIRCRAFT, AND WITH THAT FLEET, WE PROVIDE PILOT TRAINING, FLIGHT INSTRUCTION AND FLYING TIME TO OUR MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, THE MICHIGAN FLYERS OPERATED TEN CESSNA AIRCRAFT FOR A COMBINED TOTAL OF ABOUT 10,000 HOURS OF FLIGHT TIME. THE CLUB IS SEVERAL HUNDRED MEMBERS STRONG, GENERALLY WITH AT LEAST 200 UNIQUE MEMBERS FLYING EACH MONTH. A HANDFUL OF OUR MEMBERS ARE ALSO CERTIFICATED FLIGHT INSTRUCTORS (CFIS), WHO HELP OUR MEMBERSHIP ACHIEVE NEW LICENSES AND RATINGS, FROMBASIC PRIVATE PILOT THROUGH MORE ADVANCED RATINGS LIKE INSTRUMENT, COMMERCIAL, AND CFI. OUR CLUB FLIGHT INSTRUCTORS ARE MEMBERS JUST LIKE ALL OTHERS WHO ALSO HAPPEN TO ACT AS INDEPENDENT CONTRACTORS. THE CLUB MAINTAINED AN EXCELLENT SAFETY RECORD, WITH ZERO INCIDENTS IN 2024. DESPITE EVER-INCREASING COSTS, THE CLUB CONTINUED TO EMPHASIZE ITS ETHOS OF SAFETY FIRST, AFFORDABILITY SECOND, AND MADE AVIATION ACCESSIBLE TO THOSE WHO MAY NOT OTHERWISE HAVE SUFFICIENT MEANS. AN EXTENSIVE CORPS OF VOLUNTEERS HELPS THE CLUB MAINTAIN THIS AFFORDABILITY. VOLUNTEER ACTIVITIES INCLUDED PROVISIONING HANGARS,CLEANING THE OFFICE, AND RESUPPLYING AIRCRAFT. WE ALSO MET FOR MANY SOCIAL EVENTS, INCLUDING COOKOUTS, MEMBER MEETINGSWITH TOPICAL PRESENTATIONS BY INTERNAL AND EXTERNAL SPEAKERS ON SUBJECTS LIKE METEOROLOGY AND AVIATION SAFETY, AND CLUB FLY-OUTS TO DESTINATIONS NEAR AND FAR: NIAGARA FALLS, CHICAGO, MACKINAC ISLAND, TORONTO, AND THE YEARLY PILGRIMAGE TO EAA AIRVENTURE IN OSHKOSH, WI. AIRCRAFT WERE MAINTAINED BOTH INTERNALLY BY PART-TIME STAFF, AS WELL AS SEVERAL LOCAL MAINTENANCE OPERATORS.
    Expenses $1,285,012 · revenue $1,451,002

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-2055116
Tax-exempt status
501(c)(7): Social or recreational club
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,542,748
Income (IRS master file)
$1,466,913

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,459,775$1,340,247$1,542,748XML
990December 2023$1,140,366$1,046,523$1,546,075XML
990December 2022$1,267,733$1,045,479$1,330,732IRS
990December 2021–––IRS
990December 2020–––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 38-2055116).

Questions about UNIVERSITY OF MICHIGAN FLYERS INC

What is the EIN of UNIVERSITY OF MICHIGAN FLYERS INC?
The employer identification number (EIN) of UNIVERSITY OF MICHIGAN FLYERS INC is 38-2055116.
Is UNIVERSITY OF MICHIGAN FLYERS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1976.
Which annual return does UNIVERSITY OF MICHIGAN FLYERS 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 UNIVERSITY OF MICHIGAN FLYERS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF MICHIGAN FLYERS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of UNIVERSITY OF MICHIGAN FLYERS INC?
The 990 for the year ended December 31, 2024 names JAMES POWER.
Who are the officers and directors of UNIVERSITY OF MICHIGAN FLYERS INC?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $13,886 (BRUCE WILLIAMS, GENERAL MANAGER).
How much revenue does UNIVERSITY OF MICHIGAN FLYERS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,459,775, expenses of $1,340,247 and total assets of $1,542,748 at year end.

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