Nonprofit · EIN 82-2226770
THOROUGHBRED FLYING CLUB INC
Tax-exempt · LOUISVILLE, KY 40223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $400,199 | $389,135 | $11,064 | $116,726 | $0 | $116,726 |
| December 31, 2023 | 990 | $444,934 | $438,460 | $6,474 | $105,662 | $0 | $105,662 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $188,500
- Membership dues
- $188,500
- Program service revenue
- $208,864
- Investment income
- $0
- Other revenue
- $2,835
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
- $1,354
- Program services (functional)
- $389,135
Balance sheet and other
- Total assets, start of year
- $105,662
- Total assets, end of year
- $116,726
- Total liabilities, end of year
- $0
- Net assets, end of year
- $116,726
- Gross receipts
- $400,199
- Employees
- 0
- Volunteers
- 16
- Year formed
- 2017
- State of legal domicile
- KY
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 |
|---|---|---|---|
| James M Spurgeon | Prseident Officer | 20 | $0 |
| Daniel Ormsby | Secretary and Member Relations Officer | 4 | $0 |
| Steve Whalen | Vice President of Operations and Treasurer Key employee | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James M Spurgeon | Prseident Officer | 20 | $0 |
| Steve Whalen | Vice President of Operations and Treasurer Officer | 8 | $0 |
| Daniel Ormsby | Secretary and Member Relations Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 10629 GLENEAGLE PL, LOUISVILLE, KY 40223-2666
- In care of
- % CARE OF
- Principal officer (990 for 2024)
- James M Spurgeon, 10629 Gleneagle Pl, Louisville, KY 40223
- Signed the 990
- James Spurgeon, President
- Phone
- (502) 744-5871
- Website
- tflyingclub.org
Mission
Membership in the club is open to pilots and their families who wish to be part of a group of fellow pilots to further build relationships in the flying community, share a love of flying, and promote aviation in the Community.
Program accomplishments
- Monthly Revenue to pay fixed expenses for the club in the form of monthly fees for the level of membership in the club. Then hourly fees for the use of the airplanes to cover the variable cost associated with the operation of the airplanesExpenses $389,135 · revenue $397,364
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
- 82-2226770
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $116,726
- Income (IRS master file)
- $400,199
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $400,199 | $389,135 | $116,726 | XML |
| 990 | December 2023 | $444,934 | $438,460 | $105,662 | XML |
| 990 | December 2022 | $380,573 | $357,268 | $106,188 | IRS |
| 990 | December 2021 | – | – | – | 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 82-2226770).
Questions about THOROUGHBRED FLYING CLUB INC
- What is the EIN of THOROUGHBRED FLYING CLUB INC?
- The employer identification number (EIN) of THOROUGHBRED FLYING CLUB INC is 82-2226770.
- Is THOROUGHBRED FLYING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2018.
- Are donations to THOROUGHBRED FLYING CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THOROUGHBRED FLYING CLUB 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 THOROUGHBRED FLYING CLUB 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 THOROUGHBRED FLYING CLUB 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 THOROUGHBRED FLYING CLUB INC?
- The 990 for the year ended December 31, 2024 names James M Spurgeon.
- Who are the officers and directors of THOROUGHBRED FLYING CLUB INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THOROUGHBRED FLYING CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $400,199, expenses of $389,135 and total assets of $116,726 at year end.
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