Nonprofit · EIN 75-2333666
AERO VALLEY PROPERTY OWNERS ASSOCIATION
Tax-exempt · ROANOKE, TX 76262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $174,988 | $129,194 | $45,794 | $117,571 | – | $117,571 |
| December 31, 2023 | 990 | $205,495 | $133,851 | $71,644 | $73,029 | $1,252 | $71,777 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $160,162
- Investment income
- $14,826
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $32,533
- Occupancy
- $16,986
- Printing, publications and postage
- $386
- Other expenses
- $79,289
Balance sheet and other
- Total assets, start of year
- $73,029
- Total assets, end of year
- $117,571
- Total liabilities, end of year
- –
- Net assets, end of year
- $117,571
- Cash, savings and investments
- $102,149
- Gross receipts
- $174,988
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Martin | Director | 5 | $0 |
| Carey Sharp | Director | 5 | $0 |
| Eric Branyan | President | 5 | $0 |
| Mark Ridel | Director | 5 | $0 |
| Mike Love | Director | 5 | $0 |
| Scott Toornburg | Director | 5 | $0 |
| Bob Smith | Treasurer | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Martin | Treasurer Trustee or director, Officer | 5 | $0 |
| Carey Sharp | Director Trustee or director | 5 | $0 |
| Eric Branyan | President Trustee or director, Officer | 5 | $0 |
| Mike Welch | Director Trustee or director | 5 | $0 |
| Mike Love | Director Trustee or director | 5 | $0 |
| Scott Miller | Director Trustee or director | 5 | $0 |
| Bob Smith | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 132 BOEING WAY, ROANOKE, TX 76262-5756
- In care of
- % LARRY MARTIN
- Mailing address (990-N for 2015)
- 2408 TEXAS DR, IRVING TX 75062
- Principal officer (990-N for 2015)
- MITCHELL R WHATLEY, 2408 TEXAS DR, IRVING TX 75062
- Signed the 990-EZ
- Bob Smith, Treasurer
- Phone
- (682) 237-9039
- Website
- WWW.NWRATX.ORG
Mission
Aero Valley Property Owners Association is an organization operating exclusively for the promotion of social welfare. The organiation maintains and oversees the runways, taxiways, and common grounds of a public airport used by the general public of several rural communities in the state of Texas. Maintenance and management of these airport facilities greatly serves to promote the improvement of the welfare of these communities.
Program accomplishments
- To govern and manage Northwest Regional Airport for the benefit of all properties within airport boundaries under the authority of the deed restrictions and the association's bylaws. To acquire and maintain property and facilities for the use, enjoyment, and benefit of individuals who reside within the geographic area served by the association as may be established by the board of directors pursuant to the association's bylaws. To promote and encourage the use, operation, and maintenance of Northwest Regional Airport for the benefit of the geographic area served by the airport, and established by the board of directors, and for the benefit of users of the airport, including the flying public, as deemed appropriate by the board. To acquire other properties and construct buildings for such purposes To engage in all types of activities not prohibited by law that will promote better citizenship among its members and stimulate educational and other activities as will raise the standards of civic morality and community welfare. To promote and foster mutual understanding, goodwill, and a safe, healthy, and sanitary environment and to disseminate such knowledge as may be useful for its members in their work, leisure, and home life, as such, make them more proficient in their activities as citizens and residents of the state of Texas.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2333666
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $117,571
- Income (IRS master file)
- $174,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $174,988 | $129,194 | $117,571 | XML |
| 990 | December 2023 | $205,495 | $133,851 | $73,029 | XML |
| 990 | December 2022 | $227,731 | $102,271 | $102,011 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: MITCHELL R WHATLEY | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 75-2333666).
Questions about AERO VALLEY PROPERTY OWNERS ASSOCIATION
- What is the EIN of AERO VALLEY PROPERTY OWNERS ASSOCIATION?
- The employer identification number (EIN) of AERO VALLEY PROPERTY OWNERS ASSOCIATION is 75-2333666.
- Is AERO VALLEY PROPERTY OWNERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1991.
- Are donations to AERO VALLEY PROPERTY OWNERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AERO VALLEY PROPERTY OWNERS ASSOCIATION 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 AERO VALLEY PROPERTY OWNERS ASSOCIATION 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 AERO VALLEY PROPERTY OWNERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of AERO VALLEY PROPERTY OWNERS ASSOCIATION?
- The 990-N for 2015 names MITCHELL R WHATLEY.
- Who are the officers and directors of AERO VALLEY PROPERTY OWNERS ASSOCIATION?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does AERO VALLEY PROPERTY OWNERS ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $174,988, expenses of $129,194 and total assets of $117,571 at year end.
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