Nonprofit · EIN 87-0767366
LEADING EDGE FLYING CLUB
Tax-exempt · WHEELING, IL 60090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $345,771 | $341,782 | $3,989 | $41,899 | $7,660 | $34,239 |
| December 31, 2023 | 990 | $437,349 | $455,743 | -$18,394 | $33,586 | $0 | $33,586 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $37,650
- Membership dues
- $37,650
- Program service revenue
- $300,669
- Investment income
- $0
- Other revenue
- $7,452
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,937
- Occupancy
- $113,965
- Program services (functional)
- $325,653
- Management and general (functional)
- $16,129
Balance sheet and other
- Total assets, start of year
- $33,586
- Total assets, end of year
- $41,899
- Total liabilities, end of year
- $7,660
- Net assets, end of year
- $34,239
- Net assets without donor restrictions
- $34,239
- Gross receipts
- $345,771
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2006
- State of legal domicile
- IL
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 |
|---|---|---|---|
| AL CARRINO | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| MARC EPNER | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KARL FINK | DIRECTOR Trustee or director | 1 | $0 |
| ALAN GREDELL | TREASURER Trustee or director, Officer | 2 | $0 |
| JIM KRIEGER | DIRECTOR Trustee or director | 1 | $0 |
| RALPH LICARI | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW PATTYN | DIRECTOR Trustee or director | 1 | $0 |
| STEVE ROGERS | DIRECTOR Trustee or director | 1 | $0 |
| JORGE VELEZ | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AL CARRINO | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| MARC EPNER | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KARL FINK | DIRECTOR Trustee or director | 1 | $0 |
| ALAN GREDELL | TREASURER Trustee or director, Officer | 2 | $0 |
| JIM KRIEGER | DIRECTOR Trustee or director | 1 | $0 |
| RALPH LICARI | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW PATTYN | DIRECTOR Trustee or director | 1 | $0 |
| STEVE ROGERS | DIRECTOR Trustee or director | 1 | $0 |
| JORGE VELEZ | SECRETARY Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1115 SOUTH WOLF ROAD, WHEELING, IL 60090-6420
- In care of
- % MARC EPNER
- Principal officer (990 for 2024)
- MARC EPNER, 1115 S WOLF RD, WHEELING, IL 60090
- Signed the 990
- MARC EPNER, PRESIDENT
- Phone
- (312) 317-6769
- Return prepared by
- ARTHUR S GUNN LTD
Mission
OPERATION OF A FLYING CLUB IN THE CHICAGO ILLINOIS AREA DEDICATED TO THE EDUCATION OF MEMBERS AND OTHERS IN THE CHICAGO AREA; TO PROMOTE GENERAL AVIATION IN THE CHICAGO AREA; AND TO PROMOTE SOCIAL ACTIVITIES BETWEEN MEMBERS.
Program accomplishments
- OPERATION OF A FLYING CLUB IN THE CHICAGO ILLINOIS AREA DEDICATED TO THE EDUCATION OF MEMBERS AND OTHERS, PURSUIT OF AVIATION RELATED INTERESTS, AND RELATED SOCIAL ACTIVITIES.Expenses $325,653
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
- 87-0767366
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $41,899
- Income (IRS master file)
- $345,771
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $345,771 | $341,782 | $41,899 | XML |
| 990 | December 2023 | $437,349 | $455,743 | $33,586 | XML |
| 990 | December 2022 | $417,933 | $425,993 | $46,880 | 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 87-0767366).
Questions about LEADING EDGE FLYING CLUB
- What is the EIN of LEADING EDGE FLYING CLUB?
- The employer identification number (EIN) of LEADING EDGE FLYING CLUB is 87-0767366.
- Is LEADING EDGE FLYING CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2014.
- Are donations to LEADING EDGE FLYING CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEADING EDGE FLYING CLUB 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 LEADING EDGE FLYING CLUB 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 LEADING EDGE FLYING CLUB 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 LEADING EDGE FLYING CLUB?
- The 990 for the year ended December 31, 2024 names MARC EPNER.
- Who are the officers and directors of LEADING EDGE FLYING CLUB?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LEADING EDGE FLYING CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $345,771, expenses of $341,782 and total assets of $41,899 at year end.
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