Glendale Flying Club Inc in Louisville, Kentucky (KY)

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Glendale Flying Club Inc
Employer Identification Number (EIN)616053029
Name of OrganizationGlendale Flying Club Inc
In Care of NameWarner Brown
Address974 Breckenridge Ln, Louisville, KY 40207-4619
ActivitiesOther social activities, Other sports or athletic activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date11/1967
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,044,950
Amount of Income$147,883
Form 990 Revenue Amount$147,883


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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$1,000
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$147,883
Contributions, Gifts, Grants and Other Similar Amounts$65,629
Program Service Revenue$78,858
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,396
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$140,765
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$140,765
Balance Sheet (for 2011)
Total assets$1,044,950
Total liabilities$705,643
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$700,983
Other$4,660
Total net assets or fund balances$339,307
Retained earnings, endowment, accumulated income, or other funds$190,487
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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