Civic Intelligence

Midwest Sky Chasers Nfp

990EZ • Fiscal year 2021 • EIN 82-5123498

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 10, 2022

Organization Profile
1911 Lawndale DriveAlgonquin, IL 60102

(815) 355-4597

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

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

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

Liabilities / Revenue

52nd percentile

0.00x

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

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

Net Margin

6th percentile

-69%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

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

Asset Growth

12th percentile

-24%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

69th percentile

27%

Faster revenue growth than 69% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$42,574

Down $13,556 (-24%) from 2020

Net Assets

Down

$42,574

Down $13,556 (-24%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin6th percentile

Revenue

Up

$19,645

Up $4,219 (+27%) from 2020

Expenses

Down

$33,201

Down $11,845 (-26%) from 2020

Net Income

Up

-$13,556

Up $16,064 (+54%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$80K$60K$40K$20K$0Assets 2019: $73,735Liabilities 2019: $0Net Assets 2019: $73,7352019Assets 2020: $56,130Liabilities 2020: $0Net Assets 2020: $56,1302020Assets 2021: $42,574Liabilities 2021: $0Net Assets 2021: $42,5742021Assets 2022: $45,769Liabilities 2022: $0Net Assets 2022: $45,7692022Assets 2023: $31,923Liabilities 2023: $0Net Assets 2023: $31,9232023Assets 2024: $26,539Liabilities 2024: $0Net Assets 2024: $26,5392024Assets 2025: $30,307Liabilities 2025: $0Net Assets 2025: $30,3072025

Highlighted filing

2021

Assets$42,574
Liabilities$0
Net Assets$42,574
Open 2021 Filing

Operations Trend

Revenue Growth69th percentile

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

$150K$100K$50K$0-$50KRevenue 2019: $109,964Expenses 2019: $43,376Net Income 2019: $66,5882019Revenue 2020: $15,426Expenses 2020: $45,046Net Income 2020: -$29,6202020Revenue 2021: $19,645Expenses 2021: $33,201Net Income 2021: -$13,5562021Revenue 2022: $34,466Expenses 2022: $31,271Net Income 2022: $3,1952022Revenue 2023: $22,902Expenses 2023: $36,748Net Income 2023: -$13,8462023Revenue 2024: $29,651Expenses 2024: $35,035Net Income 2024: -$5,3842024Revenue 2025: $29,931Expenses 2025: $26,163Net Income 2025: $3,7682025

Highlighted filing

2021

Revenue$19,645
Expenses$33,201
Net Income-$13,556
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 10, 2022
Return Version
2021v4.2
Gross Receipts
$19,645
Mission and Program Overview

Mission

Flying club for the enjoyment of members

Program Services

DescriptionGrantsExpenses
GATHERING OF MEMBERS FOR ENTERTAINMENT--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD KOCKENOfficerPT$0--
MARK NAUMOWICZOfficerPT$0--
STEVE NOLENOfficerPT$0--
ARNOLD QUASTOfficerPT$0--
MARTIN PAPANEKOfficerPT$0--
Filing and Contact Details

Filer

Filer Name
Midwest Sky Chasers Nfp
EIN
82-5123498
Address
1911 LAWNDALE DRIVE, ALGONQUIN, IL 60102

Signing Officer

Name
Richard Kocken
Title
Officer
Phone
8153554597
Signed
2022-06-10
Discuss with paid preparer
Yes

Preparer

Firm
Diamond Financial Corporation
Address
4256 N ARLINGTON HGHTS RD 204, ARLINGTON HEIGHTS, IL 60004
Preparer
Joe Diamond CPA Cfp Mst Ea
Phone
8478848500
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description amountdepreciation from 4562 16,984database subscription 738aircraft annual inspection 1,992aircraft maintenance 2,785tax preparation 300gifts (mechanic, etc) 166fuel reimbursements to members 3,581”

Description of other assets Part II line 24

“Category beginning of year end of yearaircraft 28,481 17,088computer 224 135avionics 13,755 8,253”

Business income not reported on 990-T Part V line 35

“NO BUSINESS INCOME”

Raw XML Appendix126 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/PersonNm0RICHARD KOCKEN
IRS990EZ/BooksInCareOfDetail/PhoneNum08153554597
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04410 LOYOLA DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MCHENRY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060050
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013670
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt017098
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-13556
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt036
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt056130
IRS990EZ/Form990TotalAssetsGrp/EOYAmt042574
IRS990EZ/GrossReceiptsAmt019645
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt019645
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt056130
IRS990EZ/NetAssetsOrFundBalancesEOYAmt042574
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt056130
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt042574
IRS990EZ/OccupancyRentUtltsAndMaintAmt06619
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt45.00
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/PersonNm0RICHARD KOCKEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARK NAUMOWICZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVE NOLEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ARNOLD QUAST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARTIN PAPANEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4OFFICER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt042460
IRS990EZ/OtherAssetsTotalDetail/EOYAmt025476
IRS990EZ/OtherExpensesTotalAmt026546
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FLYING CLUB FOR THE ENJOYMENT OF MEMBERS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GATHERING OF MEMBERS FOR ENTERTAINMENT
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt033201
IRS990EZ/TotalRevenueAmt019645
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTDEPRECIATION FROM 4562 16,984DATABASE SUBSCRIPTION 738AIRCRAFT ANNUAL INSPECTION 1,992AIRCRAFT MAINTENANCE 2,785TAX PREPARATION 300GIFTS (MECHANIC, ETC) 166FUEL REIMBURSEMENTS TO MEMBERS 3,581
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CATEGORY BEGINNING OF YEAR END OF YEARAIRCRAFT 28,481 17,088COMPUTER 224 135AVIONICS 13,755 8,253
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO BUSINESS INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Business income not reported on 990-T Part V line 35
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD KOCKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum08153554597
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDWEST SKY CHASERS NFP
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0825123498
ReturnHeader/Filer/USAddress/AddressLine1Txt01911 LAWNDALE DRIVE
ReturnHeader/Filer/USAddress/CityNm0ALGONQUIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363790030
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIAMOND FINANCIAL CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04256 N ARLINGTON HGHTS RD 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060004
ReturnHeader/PreparerPersonGrp/PhoneNum08478848500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOE DIAMOND CPA CFP MST EA
ReturnHeader/ReturnTs02022-06-10T15:03:24-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KOCKEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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
$42,574
Liabilities
$0
Net assets
$42,574
Revenue
$19,645
Expenses
$33,201
Net income
-$13,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.30$0.26$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.30$0.35$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.23$0.37$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.34$0.31$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.20$0.33$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.15$0.45$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$1.10$0.43$0.67