Watauga Eagle Squadron Inc.

990PF • Fiscal year 2023 • EIN 62-1844613

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 04, 2023

Organization Profile

112 South Sycamore StreetElizabethton, TN 37643

(423) 543-0584

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • <$500k nonprofits • Source year 2023

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • <$500k nonprofits • Source year 2023

71%

Higher net margin than 94% of similar nonprofits.

2023 filings • <$500k nonprofits • Source year 2023

Higher top officer pay than 79% of similar nonprofits.

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

2023 filings • <$500k nonprofits • Source year 2023

196%

Faster asset growth than 96% of similar nonprofits.

2023 filings • <$500k nonprofits • Annualized from 2022 to 2023

56%

Faster revenue growth than 82% of similar nonprofits.

2023 filings • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets60th percentile

Assets

$72,739

Up $48,136 (+196%) from 2022

Net Assets

$72,739

Up $48,136 (+196%) from 2022

Liabilities

Flat

Flat from 2022

Revenue And Expenses

Liabilities / Revenue60th percentile Net Margin94th percentile

Revenue

$68,088

Up $24,395 (+56%) from 2022

Expenses

Down

$19,952

Down $7,477 (-27%) from 2022

Net Income

$48,136

Up $31,872 (+196%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

Highlighted filing

2023

Assets$72,739

Liabilities$0

Net Assets$72,739

Open 2023 Filing

Operations Trend

Revenue Growth82nd percentile

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

Highlighted filing

2023

Revenue$68,088

Expenses$19,952

Net Income$48,136

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2022 to Jun 30, 2023
Signed: Aug 4, 2023
Return Version: 2022v5.0

Compensation and Service Providers

Top Officer Pay79th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JOHN W BRUMIT	President	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Watauga Eagle Squadron Inc
EIN: 62-1844613
Phone: 4235430584
Address: 112 South Sycamore Street, Elizabethton, TN 37643

Signing Officer

Name: John W Brumit
Title: President
Phone: 4235430584
Signed: 2023-08-04
Discuss with paid preparer: Yes

Preparer

Firm: Baylor and Backus
Address: P O BOX 1736, JOHNSON CITY, TN 37601
Preparer: Frank VanHoy
Phone: 4232829000

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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	0
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	0
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	3707
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt	0	0
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt	0	0
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	3707
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	26030
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	10500
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	19091
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	30095
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	33225
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	33225
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	169051
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	83335
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	26030
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	10500
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	19091
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	30095
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt	0	0
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	87042
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	83335
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	202276
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	118941
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt	0	0
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt	0	BRUMIT CHARITABLE FOUNDATION
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	1
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	0	112 SOUTH SYCAMORE STREET
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	0	ELIZABETHTON
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	0	TN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	0	37643
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	53500
IRS990ScheduleB/GeneralRuleInd	0	X
IRS990ScheduleB/Organization501c3ExemptPFInd	0	X
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	0	7230
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	1	35000
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	2	4284
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	3	10000
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt	4	2524
LandEtcSchedule2/LandEtcGrp/BookValueAmt	0	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	1	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	2	716
LandEtcSchedule2/LandEtcGrp/BookValueAmt	3	0
LandEtcSchedule2/LandEtcGrp/BookValueAmt	4	68160
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	0	PLANE EQUIPMENT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	1	PLANE EQUIPMENT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	2	PLANE EQUIPMENT
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	3	ACCURA
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt	4	PLANE EQUIPMENT Instrument Board
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	0	7230
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	1	35000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	2	5000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	3	10000
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt	4	70684
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	3	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	4	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	AVIATION FUEL
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	INSPECTIONS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	REPAIRS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	Office Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	9457
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	6210
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	511
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	180
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	2	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	3	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	4	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	9457
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	6210
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	511
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	180
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	0	14571
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	AIRPLANE LESSON INCOME
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	14571
SubstantialContributorsSch/SubstantialContributorDetail/BusinessName/BusinessNameLine1Txt	0	BRUMIT CHARITABLE FOUNDATION
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm	0	Bettye Brumit
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm	1	James Fortune
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm	2	Steve Brumit
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt	0	112 SOUTH SYCAMORE STREET
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt	1	401 Princeton Road
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt	2	2902 Greenline Rd
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt	3	244 E Center Street Suite 208
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm	0	ELIZABETHTON
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm	1	Johnson City
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm	2	Johnson City
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm	3	Kingsport
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd	0	TN
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd	1	TN
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd	2	TN
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd	3	TN
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd	0	37643
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd	1	37604
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd	2	37604
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd	3	37660
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt	0	0
TaxesSchedule/TaxesDetail/Amt	0	20
TaxesSchedule/TaxesDetail/CategoryTxt	0	TN ANNUAL FEE
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt	0	0
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt	0	0
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	2
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JOHN W BRUMIT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	4235430584
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2023-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Watauga Eagle Squadron Inc
ReturnHeader/Filer/BusinessNameControlTxt	0	WATA
ReturnHeader/Filer/EIN	0	621844613
ReturnHeader/Filer/PhoneNum	0	4235430584
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	112 South Sycamore Street
ReturnHeader/Filer/USAddress/CityNm	0	Elizabethton
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	TN
ReturnHeader/Filer/USAddress/ZIPCd	0	37643
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	0
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	620433707
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	BAYLOR AND BACKUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	P O BOX 1736
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	JOHNSON CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	37601
ReturnHeader/PreparerPersonGrp/PhoneNum	0	4232829000
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2023-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Frank VanHoy
ReturnHeader/ReturnTs	0	2023-08-08T14:52:15-05:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	BRUMIT
ReturnHeader/TaxPeriodBeginDt	0	2022-07-01
ReturnHeader/TaxPeriodEndDt	0	2023-06-30
ReturnHeader/TaxYr	0	2022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing

Assets: $72,739
Liabilities: $0
Net assets: $72,739
Revenue: $68,088
Expenses: $19,952
Net income: $48,136

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$1.11	$0.00	$1.11	$0.87	$0.44	$0.43
2024Detailed filing. Detailed filing data is available for this year.	$0.69	$0.00	$0.69	$0.36	$0.40	$0.04
2023Detailed filing. Detailed filing data is available for this year.	$0.73	$0.00	$0.73	$0.68	$0.20	$0.48
2022Detailed filing. Detailed filing data is available for this year.	$0.25	$0.00	$0.25	$0.44	$0.27	$0.16
2021Detailed filing. Detailed filing data is available for this year.	$0.08	$0.00	$0.08	$0.16	$0.14	$0.03
2020Detailed filing. Detailed filing data is available for this year.	$0.10	$0.00	$0.10	$0.19	$0.20	$0.01
2019Detailed filing. Detailed filing data is available for this year.	$0.11	$0.00	$0.11	$0.31	$0.31	$0.00
2016Summary only. Only limited summary data is available for this year.	$0.08	$0.00		$0.21	$0.28	$0.07
2015Detailed filing. Detailed filing data is available for this year.	$0.14	$0.00	$0.14	$0.50	$0.61	$0.11
2014Detailed filing. Detailed filing data is available for this year.	$0.30	$0.00	$0.30	$0.24	$0.35	$0.11
2013Detailed filing. Detailed filing data is available for this year.	$0.35	$0.00	$0.35		$0.32
2012Summary only. Only limited summary data is available for this year.	$0.32	$0.00		$0.44	$0.34	$0.10
2011Detailed filing. Detailed filing data is available for this year.	$0.23	$0.00	$0.23		$0.21