Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Gace Flying Club Inc
990EZ • Fiscal year 2020 • EIN 11-2394585
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.07x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
73rd percentile
Higher net margin than 73% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Balance Sheet
Assets
Up$224,501
Up $21,722 (+11%) from 2019
Net Assets
Up$209,502
Up $20,475 (+11%) from 2019
Liabilities
Up$14,999
Up $1,247 (+9.1%) from 2019
Revenue And Expenses
Revenue
Down$114,329
Down $17,352 (-13%) from 2019
Expenses
Up$92,435
Up $3,697 (+4.2%) from 2019
Net Income
Down$21,894
Down $21,049 (-49%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Apr 18, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $114,329
Mission and Program Overview
Mission
Purpose: to advance, encourage, and promote the safe and economical use of aircraft. The club owns and operates several aircraft for the shared use of its members.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| COST SHARING OF AIRCRAFT EXPENSES | - | $92,435 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEFFREY MCARTHUR | President | PT | $0 | - | - |
| KEVIN DOOLITTLE | Vice Preside | PT | $0 | - | - |
| FRANK ERBIO | Secretary | PT | $0 | - | - |
| THOMAS KELLER | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Gace Flying Club
- EIN
- 11-2394585
- Phone
- 6317376879
- Address
- 2099 SMITHTOWN AVENUE, RONKONKOMA, NY 11779-7357
Signing Officer
- Name
- Thomas Keller
- Title
- Treasurer
- Phone
- 6317376879
- Signed
- 2021-04-18
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Carol a Fiederlein CPA
- Address
- 1011 TALON LN, GREENVILLE, DE 19807-1650
- Preparer
- Carol Fiederlein CPA
- Phone
- 3025213424
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office expense & supplies 177 insurance 1,730 aircraft fuel 29,106 repairs and maintenance 22,100 aircraft parts 16,594 labor 4,175 aircraftclub.com expenses 4,013 internet fees 1,673 shop tools & supplies 64 utilities 180 freight 55 oil 960 dues and subscriptions 76 total 80,903”
Form 990-ez, Part I, Line 20
“Misc adj to equity -1,419”
Form 990-ez, Part II, Line 24
“Accounts receivable 10,472 10,462 total 10,472 10,462”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 1,088 85 deferred revenue 12,664 14,914”
Form 990-ez, Part III
“Purpose: to advance, encourage, and promote the safe and economical use of aircraft. The club owns and operates several aircraft for the shared use of its members.”
Raw XML Appendix120 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | JEFFREY MCARTHUR |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | KEVIN DOOLITTLE |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | FRANK ERBIO |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | THOMAS KELLER |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | THOMAS KELLER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6317376879 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 623 CEDAR AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SAYVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11782 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 192307 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 214039 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 21894 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 800 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 202779 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 224501 |
| IRS990EZ/GrossReceiptsAmt | 0 | 114329 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1017 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 189027 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 209502 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 189027 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 209502 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 10732 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JEFFREY MCARTHUR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KEVIN DOOLITTLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | FRANK ERBIO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | THOMAS KELLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | true |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 10472 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 10462 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -1419 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 80903 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PURPOSE: TO ADVANCE, ENCOURAGE, AND PROMOTE THE SAFE AND ECONOMICAL USE OF AIRCRAFT. THE CLUB OWNS AND OPERATES SEVERAL AIRCRAFT FOR THE SHARED USE OF ITS MEMBERS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 113312 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | COST SHARING OF AIRCRAFT EXPENSES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 92435 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 13752 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 14999 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 92435 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 92435 |
| IRS990EZ/TotalRevenueAmt | 0 | 114329 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.GACEFLYINGCLUB.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE EXPENSE & SUPPLIES 177 INSURANCE 1,730 AIRCRAFT FUEL 29,106 REPAIRS AND MAINTENANCE 22,100 AIRCRAFT PARTS 16,594 LABOR 4,175 AIRCRAFTCLUB.COM EXPENSES 4,013 INTERNET FEES 1,673 SHOP TOOLS & SUPPLIES 64 UTILITIES 180 FREIGHT 55 OIL 960 DUES AND SUBSCRIPTIONS 76 TOTAL 80,903 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MISC ADJ TO EQUITY -1,419 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 10,472 10,462 TOTAL 10,472 10,462 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,088 85 DEFERRED REVENUE 12,664 14,914 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PURPOSE: TO ADVANCE, ENCOURAGE, AND PROMOTE THE SAFE AND ECONOMICAL USE OF AIRCRAFT. THE CLUB OWNS AND OPERATES SEVERAL AIRCRAFT FOR THE SHARED USE OF ITS MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | THOMAS KELLER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6317376879 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-04-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GACE FLYING CLUB |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GACE |
| ReturnHeader/Filer/EIN | 0 | 112394585 |
| ReturnHeader/Filer/PhoneNum | 0 | 6317376879 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2099 SMITHTOWN AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RONKONKOMA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 117797357 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 113288047 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAROL A FIEDERLEIN CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1011 TALON LN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GREENVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | DE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 198071650 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3025213424 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-04-18 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CAROL FIEDERLEIN CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2021-04-18T14:00:22-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | THOMAS |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | KELLER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $224,501
- Liabilities
- $14,999
- Net assets
- $209,502
- Revenue
- $114,329
- Expenses
- $92,435
- Net income
- $21,894