Civic Intelligence

Paramus Flying Club

990 • Fiscal year 2023 • EIN 22-2845767

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 28, 2024

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

89th percentile

0.60x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.97x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

94th percentile

47%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

97th percentile

97%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

54%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$749,514

Up $369,043 (+97%) from 2022

Net Assets

Up

$298,174

Up $231,649 (+348%) from 2022

Liabilities

Up

$451,340

Up $137,394 (+44%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin94th percentile

Revenue

Up

$464,575

Up $163,418 (+54%) from 2022

Expenses

Down

$248,426

Down $154,392 (-38%) from 2022

Net Income

Up

$216,149

Up $317,810 (+313%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2023

Assets$749,514
Liabilities$451,340
Net Assets$298,174
Open 2023 Filing

Operations Trend

Revenue Growth91st 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

2023

Revenue$464,575
Expenses$248,426
Net Income$216,149
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 28, 2024
Return Version
2023v5.0
Gross Receipts
$464,575
Mission and Program Overview

Mission

Flying club - social club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$292,767$656,650▲ $363,883
Cap Stk Tr Prin Current Funds$317,500$333,000▲ $15,500
Cash and Non-Interest-Bearing Accounts$73,527$77,488▲ $3,961
Accounts Receivable$11,681$15,376▲ $3,695
Investments in Publicly Traded Securities$1,492--
Savings and Temporary Cash Investments$1,004--
Rtn Earn Endowment Incm Other Fnds$-250,975$-34,826▲ $216,149
Total Assets$380,471$749,514▲ $369,043
Liabilities
Unsecured Notes Loans Payable$311,246$447,627▲ $136,381
Accounts Payable and Accrued Expenses$2,700$3,713▲ $1,013
Total Liabilities$313,946$451,340▲ $137,394
Net Assets / Fund Balance
Total Net Assets Fund Balance$66,525$298,174▲ $231,649
Total Liabilities and Net Assets / Fund Balance$380,471$749,514▲ $369,043

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$656,650$460,968$1,117,618
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Jan SichermannPresident
Dara DunnTrustee
Michael MoceriTrustee
Nima ShafieeTrustee
Chaz YoonSecretary
Robert TownendTreasurer
Roberto CostanzoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$274,872
Investment Income
$189,703
Other Revenue
$0
Change in Net Assets
$216,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,426
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
Insurance$28,048--$28,048
Depreciation Depletion$27,584--$27,584
Interest$13,460--$13,460
All Other Expenses$5,760$2,836-$8,596
Other Expenses$4,963--$4,963
Fees for Services Accounting-$1,220-$1,220
Office Expenses-$27-$27
Total Functional Expenses$244,343$4,083$0$248,426
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
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

“Board reviews and consults with preparer with any issues”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest updated for new board members”

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
Robert Townend
Title
Treasurer
Phone
9178163722
Signed
2024-02-28
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
Volunteers
7

Preparer

Firm
Fitzpatrick Bongiovanni & Kelly Pc
Address
401 NEW RD STE 102, LINWOOD, NJ 08221
Preparer
Robert J Kelly Jr
Phone
6096530110
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“New members' equity 64,000 additional member's equity 0 member equity return -48,500 total 15,500”

Raw XML Appendix325 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
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IRS990/WebsiteAddressTxt0WWW.FLYINGCLUB.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT TOWNEND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09178163722
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARAMUS FLYING CLUB
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/AddressLine1Txt0401 NEW RD STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008221
ReturnHeader/PreparerPersonGrp/PhoneNum06096530110
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J KELLY JR
ReturnHeader/ReturnTs02024-04-19T08:57:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TOWNEND
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$749,514
Liabilities
$451,340
Net assets
$298,174
Revenue
$464,575
Expenses
$248,426
Net income
$216,149
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