Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Faa Flying Club Inc
990EZ • Fiscal year 2022 • EIN 73-6506253
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.47x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
90th percentile
Faster asset growth than 90% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Up$264,572
Up $75,494 (+40%) from 2021
Net Assets
Up$139,956
Up $29,356 (+27%) from 2021
Liabilities
Up$124,616
Up $46,138 (+59%) from 2021
Revenue And Expenses
Revenue
Up$168,810
Up $44,171 (+35%) from 2021
Expenses
Up$166,084
Up $45,886 (+38%) from 2021
Net Income
Down$2,726
Down $1,715 (-39%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- May 1, 2021 to Apr 30, 2022
- Signed
- Sep 10, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $168,810
Mission and Program Overview
Mission
The FAA Flying Club is a Virginia non-stock not-for-profit corporation (herein the "Club") established to stimulate and encourage interest in aviation, to advance the knowledge of members in aviation and aviation-related subjects, to sustain and improve the proficiency of members in flying, to provide an opportunity for members to fly aircraft economically, to provide an environment which affords recreational and social advantages within the aviation community and to do all of the things necessary in the operation of the Club to accomplish its principal objectives.
To promote general aviation safety and provide an affordable means for pilots to engage in recreational flying.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Our club has grown to 33 members. We have purchased an additional aircraft for our members to use and have upgraded our equipment to enhance capability and safety. We conducted several benefit flights this last year to benefit public awareness of general aviation's role in the community such as our "young eagle" flights to spur the interest of our youth in pursuing aviation related careers. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Douglas Yurovich | President | - | $0 | - | - |
| Thomas Shalhoub | Treasurer / Chief Flight Instructor | - | $0 | - | - |
| Daniel Botzer | Maintenance Officer | - | $0 | - | - |
| Michael Atherton | Vice President / Membership Officer | - | $0 | - | - |
| Francisco Fuentes | Secretary | - | $0 | - | - |
| Glen Collins | Safety Officer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Faa Flying Club Inc
- EIN
- 73-6506253
- Phone
- 7602015876
- Address
- 6802 Sue Page Court, Springfield, VA 22152
Signing Officer
- Name
- Thomas Shalhoub
- Title
- Treasurer
- Phone
- 7602015876
- Signed
- 2022-09-10
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Description;Amount^Aircraft Insurance;10531|Aircraft Fuel and Oil;38604|GPS Database subscription;1550|6472J Avionics upgrade;15000|Aircraft and hangar keys;116|Aircraft loan payments;14099|Flight time credit to members;14097|Tax filing fee;41|Meeting refreshments;49^Total;94087^”
Form 990-EZ, Part I, Line 20
“Increase in aircraft value due to market conditions.”
Form 990-EZ, Part II, Line 24
“Description;EOY Amount^Aircraft N9397W;95000|Aircraft N75382;50000|Aircraft N6472J;65000^Total;210000^”
Form 990-EZ, Part II, Line 26
“Description;EOY Amount^N9397W Primary loan balance;43623|N9397W Secondary loan balance;27558|N6472J Primary Loan balance;34321|N6472J Upgrade Loan balance;19114^Total;124616^”
Raw XML Appendix142 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/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Thomas Shalhoub |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7602015876 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 6802 Sue Paige Court |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Springfield |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 22152 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 56078 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 54572 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2726 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 0 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 189078 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 264572 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 168810 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 53681 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 110600 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 139956 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 110600 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 139956 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 71997 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 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 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Douglas Yurovich |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Thomas Shalhoub |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Daniel Botzer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Michael Atherton |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Francisco Fuentes |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Glen Collins |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer / Chief Flight Instructor |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Maintenance Officer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Vice President / Membership Officer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Safety Officer |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 133000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 210000 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 26630 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 94087 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To promote general aviation safety and provide an affordable means for pilots to engage in recreational flying. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 115129 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Our club has grown to 33 members. We have purchased an additional aircraft for our members to use and have upgraded our equipment to enhance capability and safety. We conducted several benefit flights this last year to benefit public awareness of general aviation's role in the community such as our "young eagle" flights to spur the interest of our youth in pursuing aviation related careers. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 78478 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 124616 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 166084 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 168810 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.faaflyingclub.org |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description;Amount^Aircraft Insurance;10531|Aircraft Fuel and Oil;38604|GPS Database subscription;1550|6472J Avionics upgrade;15000|Aircraft and hangar keys;116|Aircraft loan payments;14099|Flight time credit to members;14097|Tax filing fee;41|Meeting refreshments;49^Total;94087^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Increase in aircraft value due to market conditions. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description;EOY Amount^Aircraft N9397W;95000|Aircraft N75382;50000|Aircraft N6472J;65000^Total;210000^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description;EOY Amount^N9397W Primary loan balance;43623|N9397W Secondary loan balance;27558|N6472J Primary Loan balance;34321|N6472J Upgrade Loan balance;19114^Total;124616^ |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | 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 | 1 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Thomas Shalhoub |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7602015876 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-09-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FAA FLYING CLUB INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FAAF |
| ReturnHeader/Filer/EIN | 0 | 736506253 |
| ReturnHeader/Filer/PhoneNum | 0 | 7602015876 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 6802 Sue Page Court |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Springfield |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 22152 |
| ReturnHeader/ReturnTs | 0 | 2022-09-10T11:56:18-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-05-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-04-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $264,572
- Liabilities
- $124,616
- Net assets
- $139,956
- Revenue
- $168,810
- Expenses
- $166,084
- Net income
- $2,726