Civic Intelligence

Paramus Flying Club

990 • Fiscal year 2022 • EIN 22-2845767

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 14, 2023

Organization ProfileWWW.FLYINGCLUB.ORG
27 Wright Way Suite 9Fairfield, NJ 07004

(917) 816-3722

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.83x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

1.04x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

8th percentile

-34%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-25%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

10%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$380,471

Down $125,315 (-25%) from 2021

Net Assets

Down

$66,525

Down $105,779 (-61%) from 2021

Liabilities

Down

$313,946

Down $19,536 (-5.9%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin8th percentile

Revenue

Up

$301,157

Up $28,242 (+10%) from 2021

Expenses

Up

$402,818

Up $119,684 (+42%) from 2021

Net Income

Down

-$101,661

Down $91,442 (-895%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2015: $242,098Liabilities 2015: $121,870Net Assets 2015: $120,2282015Assets 2016: $233,650Liabilities 2016: $107,601Net Assets 2016: $126,0492016Assets 2017: $370,273Liabilities 2017: $244,533Net Assets 2017: $125,7402017Assets 2018: $329,693Liabilities 2018: $231,957Net Assets 2018: $97,7362018Assets 2019: $266,467Liabilities 2019: $210,474Net Assets 2019: $55,9932019Assets 2020: $256,302Liabilities 2020: $192,143Net Assets 2020: $64,1592020Assets 2021: $505,786Liabilities 2021: $333,482Net Assets 2021: $172,3042021Assets 2022: $380,471Liabilities 2022: $313,946Net Assets 2022: $66,5252022Assets 2023: $749,514Liabilities 2023: $451,340Net Assets 2023: $298,1742023Assets 2024: $749,916Liabilities 2024: $317,938Net Assets 2024: $431,9782024

Highlighted filing

2022

Assets$380,471
Liabilities$313,946
Net Assets$66,525
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $195,466Expenses 2015: $163,211Net Income 2015: $32,2552015Revenue 2016: $145,753Expenses 2016: $136,959Net Income 2016: $8,7942016Revenue 2017: $172,817Expenses 2017: $194,724Net Income 2017: -$21,9072017Revenue 2018: $215,378Expenses 2018: $257,750Net Income 2018: -$42,3722018Revenue 2019: $219,207Expenses 2019: $262,699Net Income 2019: -$43,4922019Revenue 2020: $246,357Expenses 2020: $251,867Net Income 2020: -$5,5102020Revenue 2021: $272,915Expenses 2021: $283,134Net Income 2021: -$10,2192021Revenue 2022: $301,157Expenses 2022: $402,818Net Income 2022: -$101,6612022Revenue 2023: $464,575Expenses 2023: $248,426Net Income 2023: $216,1492023Revenue 2024: $458,401Expenses 2024: $327,097Net Income 2024: $131,3042024

Highlighted filing

2022

Revenue$301,157
Expenses$402,818
Net Income-$101,661
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 14, 2023
Return Version
2022v4.1
Gross Receipts
$301,157
Mission and Program Overview

Mission

Flying club - social club

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$321,000$317,500▼ $3,500
Land, Buildings, and Equipment, Net$328,507$292,767▼ $35,740
Cash and Non-Interest-Bearing Accounts$164,170$73,527▼ $90,643
Accounts Receivable$10,056$11,681▲ $1,625
Investments in Publicly Traded Securities$2,050$1,492▼ $558
Savings and Temporary Cash Investments$1,003$1,004▲ $1
Rtn Earn Endowment Incm Other Fnds$-148,696$-250,975▼ $102,279
Total Assets$505,786$380,471▼ $125,315
Liabilities
Unsecured Notes Loans Payable$332,919$311,246▼ $21,673
Accounts Payable and Accrued Expenses$563$2,700▲ $2,137
Total Liabilities$333,482$313,946▼ $19,536
Net Assets / Fund Balance
Total Net Assets Fund Balance$172,304$66,525▼ $105,779
Total Liabilities and Net Assets / Fund Balance$505,786$380,471▼ $125,315

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$292,767$775,433$1,068,200
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Jan SichermannPresident
Dara DunnTrustee
Michael MoceriTrustee
Nima ShafieeTrustee
Charles YoonSecretary
Myung KilTreasurer
Roberto CostanzoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$301,097
Investment Income
$60
Other Revenue
$0
Change in Net Assets
$-101,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$402,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$35,739--$35,739
Insurance$31,972--$31,972
Interest$22,899--$22,899
All Other Expenses$9,150$2,387-$11,537
Other Expenses$4,590--$4,590
Fees for Services Accounting-$1,160-$1,160
Office Expenses-$518-$518
Total Functional Expenses$398,753$4,065$0$402,818
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Paramus Flying Club
EIN
22-2845767
Phone
9178163722
Address
27 WRIGHT WAY SUITE 9, FAIRFIELD, NJ 07004

Signing Officer

Name
Myung Kil
Title
Treasurer
Phone
9178163722
Signed
2023-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan Sichermann
Formed
1956
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Fitzpatrick Bongiovanni & Kelly Pc
Address
PO BOX 942, MARMORA, NJ 08223
Preparer
Robert J Kelly Jr
Phone
6093908855
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“New members' equity 42,000 additional member's equity 0 member equity return -45,500 total -3,500”

Raw XML Appendix318 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.

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ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0222845767
ReturnHeader/Filer/PhoneNum09178163722
ReturnHeader/Filer/USAddress/AddressLine1Txt027 WRIGHT WAY SUITE 9
ReturnHeader/Filer/USAddress/CityNm0FAIRFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223507266
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FITZPATRICK BONGIOVANNI & KELLY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 942
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARMORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008223
ReturnHeader/PreparerPersonGrp/PhoneNum06093908855
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J KELLY JR
ReturnHeader/ReturnTs02023-03-13T16:32:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MYUNG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KIL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$380,471
Liabilities
$313,946
Net assets
$66,525
Revenue
$301,157
Expenses
$402,818
Net income
-$101,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.50$3.18$4.32$4.58$3.27$1.31
2023Detailed filing. Detailed filing data is available for this year.$7.50$4.51$2.98$4.65$2.48$2.16
2022Detailed filing. Detailed filing data is available for this year.$3.80$3.14$0.67$3.01$4.03$1.02
2021Detailed filing. Detailed filing data is available for this year.$5.06$3.33$1.72$2.73$2.83$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.56$1.92$0.64$2.46$2.52$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.66$2.10$0.56$2.19$2.63$0.43
2018Detailed filing. Detailed filing data is available for this year.$3.30$2.32$0.98$2.15$2.58$0.42
2017Detailed filing. Detailed filing data is available for this year.$3.70$2.45$1.26$1.73$1.95$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.34$1.08$1.26$1.46$1.37$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.42$1.22$1.20$1.95$1.63$0.32