Nonprofit · EIN 62-1742869
MEMPHIS SOARING SOCIETY INC
Tax-exempt · MEMPHIS, TN 38119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $85,281 | $75,521 | $9,760 | $812,165 | $135,093 | $677,072 |
| December 31, 2023 | 990 | $101,533 | $119,592 | -$18,059 | $807,597 | $140,285 | $667,312 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $63,957
- Membership dues
- $33,625
- Program service revenue
- $25,394
- Investment income
- -$7,500
- Net gain from sales of assets
- -$7,500
- Other revenue
- $3,430
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $425
Balance sheet and other
- Total assets, start of year
- $807,597
- Total assets, end of year
- $812,165
- Total liabilities, end of year
- $135,093
- Net assets, end of year
- $677,072
- Land, buildings and equipment
- $779,510
- Gross receipts
- $100,380
- Employees
- 0
- Volunteers
- 40
- Year formed
- 1947
- State of legal domicile
- TN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Olinger | President Trustee or director, Officer | 10 | $0 |
| Scott Ballard | Treasurer Trustee or director, Officer | 5 | $0 |
| Dan Hatcher | Secretary Trustee or director, Officer | 5 | $0 |
| Tim Harden | Vice President Trustee or director, Officer | 5 | $0 |
| Brian Smith | Ops. Officer Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Olinger | President Trustee or director, Officer | 10 | $0 |
| Scott Ballard | Treasurer Trustee or director, Officer | 5 | $0 |
| Robert Beger | Secretary Trustee or director, Officer | 5 | $0 |
| Doug Johnson | Vice Presidnet Trustee or director, Officer | 5 | $0 |
| Brian Smith | Ops. Officer Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2090 OLD OAK DR, MEMPHIS, TN 38119-6405
- In care of
- % MARK S OLINGER
- Principal officer (990 for 2024)
- Mark S Olinger, 2090 Old Oak Drive, Memphis, TN 38119
- Signed the 990
- Mark S Olinger, Treasurer
- Phone
- (901) 491-8424
- Website
- www.memphis-soaring.org
Mission
To train new pliots and have a framework organization to support other flying interests of our members
Program accomplishments
- No program service beyond normal activty
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 | Not 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
- 62-1742869
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $812,165
- Income (IRS master file)
- $100,380
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $85,281 | $75,521 | $812,165 | IRS |
| 990 | December 2023 | $101,533 | $119,592 | $807,597 | XML |
| 990 | December 2022 | $73,508 | $72,120 | $879,270 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 62-1742869).
Questions about MEMPHIS SOARING SOCIETY INC
- What is the EIN of MEMPHIS SOARING SOCIETY INC?
- The employer identification number (EIN) of MEMPHIS SOARING SOCIETY INC is 62-1742869.
- Is MEMPHIS SOARING SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1999.
- Are donations to MEMPHIS SOARING SOCIETY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMPHIS SOARING SOCIETY 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 MEMPHIS SOARING SOCIETY 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 MEMPHIS SOARING SOCIETY 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 MEMPHIS SOARING SOCIETY INC?
- The 990 for the year ended December 31, 2024 names Mark S Olinger.
- Who are the officers and directors of MEMPHIS SOARING SOCIETY INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MEMPHIS SOARING SOCIETY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $85,281, expenses of $75,521 and total assets of $812,165 at year end.
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- TENNIS MEMPHIS INC EIN 52-2362589 · last filed 990 for 2025
- OVERTON PARK CONSERVANCY EIN 45-2031097 · last filed 990 for 2024
- SHERIFF POLICE ACTIVITIES LEAGUE OF MEMPHIS AND SHELBY COUNTY TN EIN 81-3731441 · last filed 990 for 2024
All nonprofits in MEMPHIS · Tennessee · Recreation and sports