Nonprofit · EIN 73-6501565
MOUNTAIN FLYERS INC
Tax-exempt · HENDERSONVLLE, NC 28793
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $226,455 | $171,979 | $54,476 | $325,928 | $0 | $325,928 |
| December 31, 2023 | 990 | $211,023 | $161,044 | $49,979 | $271,684 | $0 | $271,684 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $74,940
- Membership dues
- $74,940
- Program service revenue
- $0
- Investment income
- $1,734
- Other revenue
- $149,781
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,700
- Depreciation
- $7,200
- Program services (functional)
- $163,027
- Management and general (functional)
- $1,752
Balance sheet and other
- Total assets, start of year
- $271,684
- Total assets, end of year
- $325,928
- Total liabilities, end of year
- $0
- Net assets, end of year
- $325,928
- Land, buildings and equipment
- $128,700
- Net assets without donor restrictions
- $325,928
- Gross receipts
- $226,455
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1959
- State of legal domicile
- NC
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 |
|---|---|---|---|
| Bill Keith | President Officer | 3 | $0 |
| Philip Correll | Treasurer Officer | 5 | $0 |
| Rocky Flemming | Membership/Training Trustee or director | 3 | $0 |
| Tim Brooks | Maintenance Officer Trustee or director | 3 | $0 |
| Steve Burney | Secretary Officer | 3 | $0 |
| Dan Jones | Maintenance Officer Trustee or director | 5 | $0 |
| Randy King | Member at Large Trustee or director | 2 | $0 |
| Devin Rice | Training Manager Trustee or director | 2 | $0 |
| Ron Stamey | Insurance Manager | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bill Keith | President Officer | 3 | $0 |
| Philip Correll | Treasurer Officer | 5 | $0 |
| Rocky Flemming | Membership/Training Trustee or director | 3 | $0 |
| Tim Brooks | Maintenance Officer Trustee or director | 3 | $0 |
| Steve Burney | Secretary Officer | 3 | $0 |
| Dan Jones | Maintenance Officer Trustee or director | 5 | $0 |
| Randy King | Member at Large Trustee or director | 2 | $0 |
| Devin Rice | Training Manager Trustee or director | 2 | $0 |
| Ron Stamey | Insurance Manager | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1651, HENDERSONVLLE, NC 28793-1651
- Principal officer (990 for 2024)
- Philip Correll, PO Box 1651, Hendersonville, NC 28793
- Signed the 990
- Philip Correll, Treasurer
- Phone
- (828) 692-2118
- Website
- www.mtnflyers.com
- Return prepared by
- L Daniel Akers Jr CPA
Mission
Club members ability to affordably fly light airplanes
Program accomplishments
- Income Statement
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
- 73-6501565
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $325,928
- Income (IRS master file)
- $226,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $226,455 | $171,979 | $325,928 | XML |
| 990 | December 2023 | $211,023 | $161,044 | $271,684 | XML |
| 990 | December 2022 | $317,282 | $213,610 | $221,705 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 73-6501565).
Questions about MOUNTAIN FLYERS INC
- What is the EIN of MOUNTAIN FLYERS INC?
- The employer identification number (EIN) of MOUNTAIN FLYERS INC is 73-6501565.
- Is MOUNTAIN FLYERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1992.
- Are donations to MOUNTAIN FLYERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MOUNTAIN 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 MOUNTAIN 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 MOUNTAIN 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 MOUNTAIN FLYERS INC?
- The 990 for the year ended December 31, 2024 names Philip Correll.
- Who are the officers and directors of MOUNTAIN FLYERS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does MOUNTAIN FLYERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $226,455, expenses of $171,979 and total assets of $325,928 at year end.
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