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Nonprofit · EIN 74-2759764

LAKEWAY AIRPARK INC

Tax-exempt · LAKEWAY, TX 78734

Financials

$101K$83K2022$110K$88K2023$239K$85K2024
Revenue Expenses · by fiscal year end
Financials of LAKEWAY AIRPARK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$238,752$84,661$154,091$640,760$0$640,760
May 31, 2024990-EZ$109,854$88,322$21,532$487,219–$487,219
May 31, 2023990-EZ$101,392$83,042$18,350$465,687–$465,687
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$59,850
Membership dues
$55,850
Program service revenue
$96,359
Investment income
$6,370
Net income from sales of inventory
$76,173
Other revenue
$76,173

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
$790
Occupancy
$5,095
Depreciation
$21,631
Program services (functional)
$78,003
Management and general (functional)
$6,658

Balance sheet and other

Total assets, start of year
$487,219
Total assets, end of year
$640,760
Total liabilities, end of year
$0
Net assets, end of year
$640,760
Land, buildings and equipment
$214,005
Gross receipts
$402,520
Employees
0
Volunteers
20
Year formed
1995
State of legal domicile
TX

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 May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ERIK MULLOYTreasurer
Trustee or director, Officer
0$0
SCOTT EPLEYBOARD MEMBER
Trustee or director
0$0
JOSH COBBSecretary
Trustee or director, Officer
0$0
PAT HALLPresident
Trustee or director, Officer
0$0
PHIL THOMPSONBOARD MEMBER
Trustee or director
0$0
BILL KULPABOARD MEMBER
Trustee or director
0$0
STEVE SMITHBOARD MEMBER
Trustee or director
0$0
990-EZ for the year ended May 31, 2024: 7 people
NameTitleHours / weekCompensation
ERIK MULLOYTreasurer0$0
SCOTT EPLEYBOARD MEMBER0$0
JOSH COBBSecretary0$0
PAT HALLPresident0$0
PHIL THOMPSONVice President0$0
JEFF KLAASBOARD MEMBER0$0
JEFF BRINKMANBOARD MEMBER0$0
990-EZ for the year ended May 31, 2023: 7 people
NameTitleHours / weekCompensation
ERIK MULLOYTreasurer0$0
SCOTT EPLEYBOARD MEMBER0$0
JOSH COBBSecretary0$0
MIKE TORBETTPresident0$0
PHIL THOMPSONBOARD MEMBER0$0
CORY BULLBOARD MEMBER0$0
BILL GUNNBOARD MEMBER0$0

Address and contacts

Address (IRS master file)
115 FLYING SCOT ST, LAKEWAY, TX 78734-5184
Signed the 990
ERIK MULLOY, Treasurer
Phone
(512) 261-3480
Return prepared by
Sessi Chamberlain & Stewart LLP

Mission

THE LAKEWAY AIRPARK IS A PUBLIC USE, PRIVATE AIRPORT MANAGED AND OPERATED BY A NON-PROFIT VOLUNTEER BOARD OF DIRECTORS. IT IS THE LANDING DESTINATION FOR THE LIFE FLIGHT OPERATIONS FOR THE CRITICAL MEDICAL NEEDS OF THE LOCAL RESIDENTS.

990 for the year ended May 31, 2025

Program accomplishments

  • PROVIDE MANAGEMENT AND MAINTENANCE FOR LAKEWAY AIRPARK SERVING THE AIR TRANSIT NEEDS OF THE LOCAL RESIDENTS.
    Expenses $78,003

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 May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990-EZ on file

IRS record

EIN
74-2759764
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1999
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$640,760
Income (IRS master file)
$402,520

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$238,752$84,661$640,760XML
990-EZMay 2024$109,854$88,322$487,219XML
990-EZMay 2023$101,392$83,042$465,687XML
990-EZMay 2022–––IRS
990-EZMay 2021–––IRS
990-EZMay 2020–––IRS
990-EZMay 2019–––IRS
990-EZMay 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 74-2759764).

Questions about LAKEWAY AIRPARK INC

What is the EIN of LAKEWAY AIRPARK INC?
The employer identification number (EIN) of LAKEWAY AIRPARK INC is 74-2759764.
Is LAKEWAY AIRPARK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1999.
Are donations to LAKEWAY AIRPARK INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKEWAY AIRPARK 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 LAKEWAY AIRPARK INC due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKEWAY AIRPARK INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who are the officers and directors of LAKEWAY AIRPARK INC?
The 990 for the year ended May 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does LAKEWAY AIRPARK INC have?
On its 990 for the year ended May 31, 2025 it reported revenue of $238,752, expenses of $84,661 and total assets of $640,760 at year end.

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