Nonprofit · EIN 81-0549536
LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC
Tax-exempt · MOORESVILLE, NC 28117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $291,498 | $34,163 | $257,335 | $568,168 | $64,925 | $503,243 |
| December 31, 2024 | 990-EZ | $124,214 | $39,373 | $84,841 | $310,833 | $22,505 | $288,328 |
| December 31, 2023 | 990-EZ | $78,342 | $94,901 | -$16,559 | $226,012 | $22,525 | $203,487 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $41,895
- Membership dues
- $41,895
- Program service revenue
- $239,827
- Investment income
- $9,776
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,628
- Accounting fees
- $3,420
- Occupancy
- $3,312
- Program services (functional)
- $28,115
- Management and general (functional)
- $6,048
Balance sheet and other
- Total assets, start of year
- $310,833
- Total assets, end of year
- $568,168
- Total liabilities, end of year
- $64,925
- Net assets, end of year
- $503,243
- Net assets without donor restrictions
- $503,243
- Gross receipts
- $291,498
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1993
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Mayerchak | President Trustee or director | 1 | $0 |
| David Landers | Treasurer Trustee or director | 2 | $0 |
| Chris Crabtree | Secretary Trustee or director | 1 | $0 |
| Nicky Watts | Member at Large Trustee or director | 1 | $0 |
| Karen Benson | Member at Large Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Mayerchak | President | 1 | $0 |
| David Landers | Treasurer | 2 | $0 |
| Chris Crabtree | Secretary | 1 | $0 |
| Nicky Watts | Member at Large | 1 | $0 |
| Karen Benson | Member at Large | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Mayerchak | President | 1 | $0 |
| David Landers | Treasurer | 2 | $0 |
| John Wilcox | Member at Large | 1 | $0 |
| Debby Dennis | Member at Large | 1 | $0 |
| Ryan Montambo | Member at Large | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 341 NORMANDY RD, MOORESVILLE, NC 28117-8432
- In care of
- % TODD ABERNATHY
- Mailing address (990-N for 2020)
- 341 Normandy Rd, Mooresville NC 28117
- Principal officer (990 for 2025)
- David Landers, 341 Normandy Road, Mooresville, NC 28117
- Principal officer (990-N for 2020)
- David McKnight, 341 Normandy Rd, MOORESVILLE NC 28117
- Signed the 990
- David Landers, Treasurer
- Phone
- (713) 306-2767
- Return prepared by
- Deane CPA PLLC
Mission
Operation of a public use airport
Program accomplishments
- Maintaining of the common area surrounding the public use runway, the runway lighting, and airport beaconExpenses $28,115 · revenue $249,603
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-0549536
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W40)
- Assets (IRS master file)
- $568,168
- Income (IRS master file)
- $291,498
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $291,498 | $34,163 | $568,168 | IRS |
| 990-EZ | December 2024 | $124,214 | $39,373 | $310,833 | IRS |
| 990-EZ | December 2023 | $78,342 | $94,901 | $226,012 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: David McKnight | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: David McKnight | December 31, 2019 | ≤ $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 81-0549536).
Questions about LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC
- What is the EIN of LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC is 81-0549536.
- Is LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2002.
- Are donations to LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE NORMAN AIRPARK OWNERS ASSOCIATION 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 LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names David Landers.
- Who are the officers and directors of LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LAKE NORMAN AIRPARK OWNERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $291,498, expenses of $34,163 and total assets of $568,168 at year end.
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