Civic Intelligence

Illinois Valley Flying Club

EIN 37-1215071 • 501(c)7 • Peru, IL

Profile

Airplane rentals for members

4241 E Ed Urban Drive Ste 1Peru, IL 61354

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.09x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

81st percentile

20%

Higher net margin than 81% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

-0.0%

Faster revenue growth than 47% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$288,274

Up $32,360 (+13%) from 2023

Liabilities

Up

$14,085

Up $772 (+5.8%) from 2023

Net Assets

Up

$274,189

Up $31,588 (+13%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin81st percentile

Revenue

Down

$158,744

Down $74 (-0.0%) from 2023

Expenses

Down

$127,156

Down $12,658 (-9.1%) from 2023

Net Income

Up

$31,588

Up $12,584 (+66%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $237,154Liabilities 2021: $22,221Net Assets 2021: $214,9332021Assets 2022: $239,546Liabilities 2022: $15,949Net Assets 2022: $223,5972022Assets 2023: $255,914Liabilities 2023: $13,313Net Assets 2023: $242,6012023Assets 2024: $288,274Liabilities 2024: $14,085Net Assets 2024: $274,1892024

Highlighted filing

2024

Assets$288,274
Liabilities$14,085
Net Assets$274,189
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2021: $141,857Expenses 2021: $160,962Net Income 2021: -$19,1052021Revenue 2022: $164,497Expenses 2022: $154,833Net Income 2022: $9,6642022Revenue 2023: $158,818Expenses 2023: $139,814Net Income 2023: $19,0042023Revenue 2024: $158,744Expenses 2024: $127,156Net Income 2024: $31,5882024

Highlighted filing

2024

Revenue$158,744
Expenses$127,156
Net Income$31,588
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$288,274
Liabilities
$14,085
Net assets
$274,189
Revenue
$158,744
Expenses
$127,156
Net income
$31,588
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.88$0.14$2.74$1.59$1.27$0.32
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.13$2.43$1.59$1.40$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.40$0.16$2.24$1.64$1.55$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.37$0.22$2.15$1.42$1.61$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 10, 2025
Return Version
2024v5.1
Gross Receipts
$169,283
Mission and Program Overview

Mission

Airplane rentals for members

Program Services

DescriptionGrantsExpenses
MEMBERS OF THE FLYING CLUB ARE ABLE TO RENT AIRPLANCES OWNED BY THE CLUB FOR THE ENJOYMENT OF FLYING. THIS ALLOWS AFFORDABLE AND RELIABLE AIRCRAFT FOR MEMBERS ENJOYMENT-$138,709
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES STUDERPresidentPT$0--
STEVE CORNEGLIOVice PresidentPT$0--
DWIGHT FURLEIGHSecretaryPT$0--
MIKAYLA DOWNEYTreasurerPT$0--
DOUG HEARNMaintenance OfficerPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast----
Filing and Contact Details

Filer

Filer Name
Illinois Valley Flying Club
EIN
37-1215071
In Care Of
% MIKAYLA DOWNEY
Address
4241 E ED URBAN DRIVE STE 1, Peru, IL 61354

Signing Officer

Name
Mikayla Downey
Title
Treasurer
Phone
8159921987
Signed
2025-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Income Tax Etc
Address
716 Columbus, Ottawa, IL 61350
Preparer
Patrick Campbell
Phone
8154342450
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountGIFT CERTS 1,120AIR PLANE RIDES 4,743OTHER 35”

Description of other expenses Part I line 16

“Description AmountFUEL EXPENSE 28,813HANGER 6,484INSURANCE 21,745MAINTENANCE 65,348MEMBERSHIP REFUND 798TECH FEES 2,943TAX PREP 250MISC 1,114OFFICE SUPPLIES 676OTHER MISC FEES (1,015)”

Description of other assets Part II line 24

“Category Beginning of Year End of YearUNDEPOSITED FUNDS 732 6,498”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearACCOUNTS RECEIVABLE 12,313 5,568ACCOUNTS PAYABLE 1,000 8,517”

Raw XML Appendix128 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MIKAYLA DOWNEY
IRS990EZ/BooksInCareOfDetail/PhoneNum08159921987
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04241 E ED URBAN DRIVE STE 1
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Peru
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd061354
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0105182
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0131776
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt01112
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt031588
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0255914
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0288274
IRS990EZ/FundraisingGrossIncomeAmt021736
IRS990EZ/GrossReceiptsAmt0169283
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt073
IRS990EZ/LandAndBuildingsGrp/BOYAmt0150000
IRS990EZ/LandAndBuildingsGrp/EOYAmt0150000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt041155
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0242601
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0274189
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0242601
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0274189
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt310.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt415.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHARLES STUDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1STEVE CORNEGLIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DWIGHT FURLEIGH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MIKAYLA DOWNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DOUG HEARN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MAINTENANCE OFFICER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0732
IRS990EZ/OtherAssetsTotalDetail/EOYAmt06498
IRS990EZ/OtherExpensesTotalAmt0127156
IRS990EZ/OtherRevenueTotalAmt05898
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0AIRPLANE RENTALS FOR MEMBERS
IRS990EZ/ProgramServiceRevenueAmt099309
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MEMBERS OF THE FLYING CLUB ARE ABLE TO RENT AIRPLANCES OWNED BY THE CLUB FOR THE ENJOYMENT OF FLYING. THIS ALLOWS AFFORDABLE AND RELIABLE AIRCRAFT FOR MEMBERS ENJOYMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0138709
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt010539
IRS990EZ/SpecialEventsNetIncomeLossAmt011197
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt013313
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt014085
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0127156
IRS990EZ/TotalProgramServiceExpensesAmt0138709
IRS990EZ/TotalRevenueAmt0158744
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BREAKFAST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountGIFT CERTS 1,120AIR PLANE RIDES 4,743OTHER 35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountFUEL EXPENSE 28,813HANGER 6,484INSURANCE 21,745MAINTENANCE 65,348MEMBERSHIP REFUND 798TECH FEES 2,943TAX PREP 250MISC 1,114OFFICE SUPPLIES 676OTHER MISC FEES (1,015)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearUNDEPOSITED FUNDS 732 6,498
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearACCOUNTS RECEIVABLE 12,313 5,568ACCOUNTS PAYABLE 1,000 8,517
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKAYLA DOWNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08159921987
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ILLINOIS VALLEY FLYING CLUB
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0371215071
ReturnHeader/Filer/InCareOfNm0% MIKAYLA DOWNEY
ReturnHeader/Filer/USAddress/AddressLine1Txt04241 E ED URBAN DRIVE STE 1
ReturnHeader/Filer/USAddress/CityNm0Peru
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061354
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203013623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Income Tax Etc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0716 Columbus
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ottawa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061350
ReturnHeader/PreparerPersonGrp/PhoneNum08154342450
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK CAMPBELL
ReturnHeader/ReturnTs02025-05-14T10:41:49-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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