Olds Forge Flyers Inc

990EZ • Fiscal year 2021 • EIN 38-6089486

Jan 01, 2021 to Dec 31, 2021 • Filed on May 02, 2022

Organization Profile oldsforgeflyers.com

PO Box 80565Lansing, MI 48908

(517) 349-1674

Siviq Scores

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

0.20x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

0.98x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

26%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

$777

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

9.5%

Faster asset growth than 63% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

51%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets81st percentile

Assets

$321,381

Up $28,013 (+9.5%) from 2020

Net Assets

$256,004

No earlier filing loaded for comparison.

Liabilities

$65,377

Up $3,515 (+5.7%) from 2020

Revenue And Expenses

Liabilities / Revenue93rd percentile Net Margin81st percentile

Revenue

$66,967

Up $22,661 (+51%) from 2020

Expenses

$49,550

Up $5,819 (+13%) from 2020

Net Income

$17,417

Up $16,842 (+2929%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

Highlighted filing

2021

Assets$321,381

Liabilities$65,377

Net Assets$256,004

Open 2021 Filing

Operations Trend

Revenue Growth79th percentile

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

Highlighted filing

2021

Revenue$66,967

Expenses$49,550

Net Income$17,417

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: May 2, 2022
Return Version: 2021v4.0
Gross Receipts: $66,967

Mission and Program Overview

Mission

Olds Forge Flyers provides members (33) with access to aircraft at a reasonable cost for the purposes of instruction, training, recreation and transportation with a special emphasis on encouraging safety.

Olds Forge Flyers provides members (32) with access to aircraft at a reasonable cost for the purposes of instruction, training, recreation and transportation with a special emphasis on encouraging safety.

Program Services

Description	Grants	Expenses
Olds Forge Flyers provides members (29) with access to aircraft at a reasonable cost for the purposes of instruction, training, recreation and transportation with a special emphasis on encouraging safety.	$0	$0

Compensation and Service Providers

Top Officer Pay93rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Richard Best	Vice President	PT	$777	-	$777
Larry Borton	President	PT	$0	-	-
Stephen Harsh	Treasurer	PT	$0	-	-
Steve Colby	Secretary	-	$0	-	-
Chester Dawson	Director & Maintenance Chief	PT	$0	-	-
Steve Balbach	Maintenance Assistant	PT	$0	-	-
Mark Coucke	Director	-	$0	-	-
Dave Oxendale	Director	-	$0	-	-
John Yurkon	Director	-	$0	-	-
Frank Eastman	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Olds Forge Flyers Inc
EIN: 38-6089486
Phone: 5173491674
Address: PO Box 80565, Lansing, MI 48908

Signing Officer

Name: Stephen Harsh
Title: Treasurer
Phone: 5173491674
Signed: 2022-05-02

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Description;Amount^Aircraft Income;34503|Misc;89^Total;34592^”

Form 990-EZ, Part I, Line 16

“Information Technology = $456, Charts & GPS Fees = $726 , Training Materials = $ 0, Insurance = $9,596, Licenses & Permits = $0, Aircraft Fuel = $12.605, Aircraft Maintenance & Repairs = $6.214 Depletion = $8,463, Other Misc. = $2”

Form 990-EZ, Part I, Line 20

“Equity fees charged to new members of the club”

Form 990-EZ, Part II, Line 24

“Accounts Receivable = $2,528, PrePaid Expenses = $3,895, Value of 2 Aircraft (Cost less Depletion) = $195,263”

Form 990-EZ, Part II, Line 26

“Accounts Payable = $-528, Comp Time Payable = $40,166, Key Deposit = $870, Liability Waiver Fund = $10,682, Cash Reserves = $1,500, Equipment Improvement Fund = $12,687”

Raw XML Appendix170 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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IRS990EZ/BenefitsPaidToOrForMembersAmt	0	0
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IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	PO Box 80565
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Lansing
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	48908
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IRS990EZ/ForeignFinancialAccountInd	0	0
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IRS990EZ/FundraisingGrossIncomeAmt	0	0
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IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/GrossSalesOfInventoryAmt	0	0
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IRS990EZ/MembershipDuesAmt	0	31945
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IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	231506
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	231506
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IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	6100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	9	1
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	777
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	8	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	9	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	7	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	8	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	9	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	4	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	7	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	8	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	9	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Larry Borton
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Richard Best
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Stephen Harsh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	Steve Colby
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	Chester Dawson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	Steve Balbach
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	6	Mark Coucke
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	7	Dave Oxendale
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	8	John Yurkon
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	9	Frank Eastman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	Director & Maintenance Chief
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	Maintenance Assistant
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	6	Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	7	Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	8	Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	9	Director
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	176991
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	201686
IRS990EZ/OtherChangesInNetAssetsAmt	0	7081
IRS990EZ/OtherExpensesTotalAmt	0	38062
IRS990EZ/OtherRevenueTotalAmt	0	34592
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	Olds Forge Flyers provides members (32) with access to aircraft at a reasonable cost for the purposes of instruction, training, recreation and transportation with a special emphasis on encouraging safety.
IRS990EZ/PrintingPublicationsPostageAmt	0	588
IRS990EZ/ProgramServiceRevenueAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Olds Forge Flyers provides members (29) with access to aircraft at a reasonable cost for the purposes of instruction, training, recreation and transportation with a special emphasis on encouraging safety.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	4800
IRS990EZ/SaleOfAssetsGrossAmt	0	0
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	61862
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	65377
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TotalExpensesAmt	0	49550
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	66967
IRS990EZ/TransactionWithControlEntInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	https://oldsforgeflyers.com/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description;Amount^Aircraft Income;34503\|Misc;89^Total;34592^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Information Technology = $456, Charts & GPS Fees = $726 , Training Materials = $ 0, Insurance = $9,596, Licenses & Permits = $0, Aircraft Fuel = $12.605, Aircraft Maintenance & Repairs = $6.214 Depletion = $8,463, Other Misc. = $2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Equity fees charged to new members of the club
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Accounts Receivable = $2,528, PrePaid Expenses = $3,895, Value of 2 Aircraft (Cost less Depletion) = $195,263
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Accounts Payable = $-528, Comp Time Payable = $40,166, Key Deposit = $870, Liability Waiver Fund = $10,682, Cash Reserves = $1,500, Equipment Improvement Fund = $12,687
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd	0	1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	11
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Stephen Harsh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5173491674
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	OLDS FORGE FLYERS INC
ReturnHeader/Filer/BusinessNameControlTxt	0	OLDS
ReturnHeader/Filer/EIN	0	386089486
ReturnHeader/Filer/PhoneNum	0	5173491674
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO Box 80565
ReturnHeader/Filer/USAddress/CityNm	0	Lansing
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MI
ReturnHeader/Filer/USAddress/ZIPCd	0	48908
ReturnHeader/ReturnTs	0	2022-05-02T20:54:33-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2021-01-01
ReturnHeader/TaxPeriodEndDt	0	2021-12-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $321,381
Liabilities: $65,377
Net assets: $256,004
Revenue: $66,967
Expenses: $49,550
Net income: $17,417

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.91	$0.81	$3.10	$0.94	$0.81	$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.70	$0.76	$2.94	$0.74	$0.58	$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.41	$0.69	$2.72	$0.72	$0.59	$0.13
2021Detailed filing. Detailed filing data is available for this year.	$3.21	$0.65	$2.56	$0.67	$0.50	$0.17
2020Summary only. Only limited summary data is available for this year.	$2.93	$0.62		$0.44	$0.44	$0.01
2018Summary only. Only limited summary data is available for this year.	$2.71	$0.52		$0.50	$0.47	$0.03
2017Summary only. Only limited summary data is available for this year.	$2.56	$0.46		$0.42	$0.37	$0.05
2016Summary only. Only limited summary data is available for this year.	$2.49	$0.43		$0.37	$0.36	$0.01
2015Summary only. Only limited summary data is available for this year.	$2.40	$0.36		$0.51	$0.46	$0.05
2014Summary only. Only limited summary data is available for this year.	$2.36	$0.40		$0.49	$0.50	$0.00
2013Summary only. Only limited summary data is available for this year.	$2.23	$0.51		$0.46	$0.49	$0.02
2012Summary only. Only limited summary data is available for this year.	$2.25	$0.52		$0.72	$0.63	$0.09
2011Summary only. Only limited summary data is available for this year.	$2.13	$0.49		$0.73	$0.66	$0.08