Nonprofit · EIN 93-3772403
CAPE FEAR FLYING ASSOCIATION INC
Tax-exempt · WILMINGTON, NC 28405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $420,703 | $393,196 | $27,507 | $34,470 | $0 | $34,470 |
| December 31, 2024 | 990 | $517,814 | $510,851 | $6,963 | $6,963 | $0 | $6,963 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $177,821
- Membership dues
- $77,821
- Program service revenue
- $242,882
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $38,400
- Other salaries and wages
- $35,500
- Salaries, compensation and benefits (total)
- $80,426
- Professional fundraising fees
- $0
- Accounting fees
- $21,251
- Occupancy
- $51,835
- Program services (functional)
- $336,451
- Management and general (functional)
- $56,745
Balance sheet and other
- Total assets, start of year
- $6,963
- Total assets, end of year
- $34,470
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,470
- Gross receipts
- $420,703
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2023
- 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 |
|---|---|---|---|
| Parker Borget | President Trustee or director, Officer | 10 | $38,400 |
| Rich Williams | Director Trustee or director | 10 | $0 |
| Ben Zucker | Director Trustee or director | 10 | $0 |
| Andy Bader | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Parker Borget | President Trustee or director, Officer | 10 | $34,000 |
| Rich Williams | Director Trustee or director | 10 | $0 |
| Ben Zucker | Director Trustee or director | 10 | $0 |
| Andy Bader | Director Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1817 AVIATION RD, WILMINGTON, NC 28405-8081
- Principal officer (990 for 2025)
- Parker Borget, 1817 Aviation Rd, Wilmington, NC 28405
- Signed the 990
- Parker Borget, President
- Phone
- (801) 472-7573
- Return prepared by
- BNA CPAs & Advisors
Mission
Our mission is to provide a venue for members to participate in their collective passion for aviation and flight by providing members with safe, modern, technically advanced, and well maintained aircraft to fly. In addition, the organization will provide opportunities to advance members' knowledge, safety and piloting skills while encouraging club membership interaction with the general aviation community.
Program accomplishments
- The Aircraft Flying program provides members with safe, modern, technically advanced, and well maintained aircraft to advance members' knowledge, safety, and piloting skills. This program is located at Modern Aviation FBO at Wilmington International Airport (ILM). Modern Aviation is a full-service, state of the art FBO with over 10 acres of ramp space. The program currently has 4 aircraft available for use.Expenses $336,451 · revenue $242,882
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 93-3772403
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $34,470
- Income (IRS master file)
- $420,703
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $420,703 | $393,196 | $34,470 | IRS |
| 990 | December 2024 | $517,814 | $510,851 | $6,963 | XML |
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 93-3772403).
Questions about CAPE FEAR FLYING ASSOCIATION INC
- What is the EIN of CAPE FEAR FLYING ASSOCIATION INC?
- The employer identification number (EIN) of CAPE FEAR FLYING ASSOCIATION INC is 93-3772403.
- Is CAPE FEAR FLYING ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2024.
- Are donations to CAPE FEAR FLYING ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CAPE FEAR FLYING 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 CAPE FEAR FLYING 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 CAPE FEAR FLYING 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 CAPE FEAR FLYING ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names Parker Borget.
- Who are the officers and directors of CAPE FEAR FLYING ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $38,400 (Parker Borget, President).
- How much revenue does CAPE FEAR FLYING ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $420,703, expenses of $393,196 and total assets of $34,470 at year end.
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