2026-06-28T12:48:27-04:00 2025-12-31 990 2025-01-01 362586611 STICK & RUDDER CLUB INC STIC 8472495190 2341 W BEACH RD WAUKEGAN IL 600871530 William j Martens Martens 3124934939 2026-06-29 2025 2025-03-06 01:10:19Z William Martens 2341 W Beach Road Waukegan IL 60087 832573 false X X 1949 IL A member flying club where members share ownership of Cessna Skyhawk model 172 aircraft hangar facilities ramp fuel farm and clubhouse. Social activities related to personal flying as well as instruction and training as required by the Federal Aviation Administration FAA make up a significant part of the Clubs activities. 10 9 12 12 0 0 1145 9155 760922 814511 3402 3882 0 5025 765469 832573 0 0 0 0 213619 304645 0 0 0 449099 499777 662718 804422 102751 28151 530197 522206 120206 102560 409991 419646 Stick & Sudder Club Inc. is a member organization supported primarily by dues and fees to member for the purpose of collectively owning aircraft a hanger and member clubhouse. Activities center around general aviation with tthe purpose of sharing flight experiences and other social activities with those having a common interest. 804423 0 832573 Aircraft Flight and Clubhouse Operations: Members of the club are granted access to a fleet of four Cessna Skyhawk 172 aircraft stationed at Waukegan National Airport KUGN. The club is managed by its members who exercise governance by voting on the board and setting rental rates covering operational costs such as fuel insurance maintenance and repairs. Flight instruction is available from FAA-certified instructors offering members training for FAA certifications including Private Pilot Instrument Rating Commercial Rating and annual check-ride reviews. All club flights are conducted in strict compliance with FAA rules and regulations. The clubhouse serves as a central gathering place facilitating member activities such as social events flight planning debriefing sessions and review meetings as well as social events and outings. The club hosts a range of annual gatherings and events promoting social engagement and fostering a supportive aviation community among members. 0 0 0 0 0 0 0 0 0 804423 false false false false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 12 true false false false false false 9250 false false false 10 9 false false false false true true false true true false false true true true true false false false IL X William Martens 8472495190 2341 W BEACH RD WAUKEGAN IL 600871530 Susan Hillman President 10.00 0.00 X 0 0 0 William Stashkiw Vice-President 1.00 0.00 X 0 0 0 Catilin Flynn Secretary and Asst Manager 10.00 0.00 X 11354 0 0 William Martens Treasurer 10.00 0.00 X 0 0 0 Paul Roche Director 1.00 0.00 X 0 0 0 Keeneth Jeep Director 1.00 0.00 X 0 0 0 Roger Hecker Director 1.00 0.00 X 0 0 0 Ron Peterson Director 1.00 0.00 X 0 0 0 Rob Martier Director 1.00 0.00 X 0 0 0 Guido Guiazzon Director 1.00 0.00 X 0 0 0 11354 0 0 0 false false false 0 0 0 0 0 9155 5000 9155 Aircraft & Club Operations Schedule O 713990 647286 647286 0 0 Flight Instructions 713990 167225 167225 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 814511 3882 0 0 3882 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellenious Revenue rebates and refunds 5025 0 0 5025 0 0 0 0 0 0 0 0 0 0 0 0 5025 832573 814511 0 8907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 264173 0 0 0 0 0 0 0 11937 0 0 0 28535 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21892 0 0 0 558 0 0 0 6951 0 0 0 0 0 0 0 48753 0 0 0 0 0 0 0 0 0 0 0 1048 0 0 0 7396 0 0 0 0 0 0 0 83931 0 0 0 6787 0 0 0 Aircraft Operations COGS 297125 0 0 0 Credit Card Processing Fees 22635 0 0 0 Miscellaneous G&A 2701 0 0 0 0 0 0 0 0 0 0 0 804422 0 0 0 0 0 0 0 103875 69115 106065 77792 0 0 7050 10572 0 0 0 0 0 0 15445 35384 29285 47853 1174363 958803 268477 215560 0 0 0 0 0 0 0 0 0 65930 530197 522206 3827 4163 0 0 24196 31021 0 0 0 0 0 0 92183 22668 0 44708 0 0 120206 102560 X 0 0 0 0 409991 419646 409991 419646 530197 522206 X 28151 0 0 0 0 -18496 X false false false 301735 301765 28536 27786 750 844062 629252 214810 215560 MyFBO Platform Clearing Accounts - timing differences from legacy flight management platform 65930 65930 Part VI, Line 6 Stick & Rudder is a 501C7 Member orgination incorporated under 501 c. Stick & Rudder Club Inc is a membership club open to all who wish to join. Members desiring to fly Club aircraft must comply with Federal Aviation Administration FAA regulations and with Club rules. Part VI, Line 7a The members of Stick & Rudder Club Inc elect a President Vice President Treasurer and Secretary for 2 year terms. These elected Officers may then appoint additional Directors to the Board. Currently there are 6 appointed Directors serving with the 4 elected Officers. Part VI, Line 11a Emailed and printed - distributed to all board members Part XI, Line 9 | Description:, Explanation:, Amount:| Other changes represent net prior period adjustments posted to retained earnings during 2025 including: 1 2024 depreciation catch-up of 70,966 representing annual depreciation not posted to the general ledger following the death of the prior accountant; 2 prior period payroll liability cleanup of 10,141 representing stale payroll tax liability balances reconciled against the ADP register and posted to retained earnings; and 3 book-to-tax difference adjustment of 2,466 to align QuickBooks retained earnings with the 2024 Form 990 as filed. These items were partially offset by prior period absorption of 65,077 resulting in a net adjustment of -18,496., Prior period adjustments posted to retained earnings in 2025, $-18496| Part I Line 1 | Explanation:| Stick & Rudder Flying Club Inc. is a member flying club where members share ownership of Cessna Skyhawk model 172 aircraft hangar facilities fuel farm and clubhouse at Waukegan National Airport KUGN. Social activities related to personal flying flight instruction and training as required by the Federal Aviation Administration FAA make up a significant part of Club activities. The club operates under FAA Part 61 as a flying club per FAA AC 00-10. Part III Line 4 | Explanation:| Aircraft Flight and Clubhouse Operations: Members granted access to fleet of five Cessna Skyhawk 172 aircraft stationed at Waukegan National Airport KUGN. Club managed by members who vote on board and set rental rates covering fuel insurance maintenance. FAA-certified instructors provide training for PPL Instrument Commercial and check-ride reviews. Clubhouse facilitates flight planning social events and annual gatherings. Redbird TD2 BATD simulator added in 2025 for instrument training. Part III Line 4 | Explanation:| Simulator Redbird Addition During 2025 the Club placed in service a Redbird TD2 Basic Aviation Training Device BATD received as a donation and refurbished for operational use. The simulator provides FAA-approved instrument training to members at no additional cost beyond regular dues and fees. Part IV Line 1 | Explanation:| Non-Independent Board Member: One voting member of the governing body is not counted as independent because she received compensation from the organization during the tax year. Caitlin Flynn Secretary of the Board received W-2 compensation of 11,354 in her capacity as a flight instructor employed by the Club. Her board service as Secretary is uncompensated. The remaining 9 of 10 board members are independent and receive no compensation from the organization. Part VI Line 4 | Explanation:| Changes to Governing Documents: During 2025 the Board of Directors adopted an Instructor Code of Conduct following a personnel matter. TSA FTSP compliance language was relocated from Club Rules to the Bylaws per Board direction. No changes were made to the Articles of Incorporation. Part VI Line 11 | Explanation:| 990 Distribution Process Form 990 was emailed and printed and distributed to all board members prior to filing. Part VI Line 12 | Explanation:| Conflict of Interest Policy: Officers directors and key employees are required to disclose interests that could give rise to conflicts upon joining the board. The organization has a written conflict of interest policy. Annual formal disclosure process is under development. Part VI Line 12 | Explanation:| Conflict of Interest Monitoring: The Board reviews conflict disclosures at the time of any transaction that could implicate a board members interests. The Club is aware of a potential conflict involving the Waukegan Airport directors financial relationship with a competing flight school; this matter is being monitored and FAA Grant Assurance 22 compliance is being tracked. Part VI Line 19 | Explanation:| Public Disclosure: The organizations governing documents conflict of interest policy and financial statements are made available to members upon request. Form 990 is available to the public upon written request to the Treasurer. Part VII General | Explanation:| Part VII Part IV Line 23 Schedule J Officer Compensation Disclosure: Caitlin Flynn serves as both Secretary of the Board of Directors and as a paid assistant office manager. Her W-2 compensation of 11,354 reflects her role as an instructor only. No additional compensation is paid for her board service. Compensation was determined by the Board at rates consistent with other instructors employed by the Club. Caitlin Flynn did not participate in Board discussions or votes regarding instructor compensation rates. Part VIII Line 1 | Explanation:| Non-Cash Contributions: During April 2025 the Club received a donation of a Redbird TD2 flight simulator with a fair market value of 5,000 at date of donation based on market comparables for used Redbird TD2 units. The Club subsequently spent 6,650 to refurbish the simulator to operational condition. Total capitalized basis: 11,650. Part IX Line 7 | Explanation:| Employee Termination Note: One employee was terminated during 2025 for violations of Club policy and the Instructor Code of Conduct. Wages of 22,200 paid prior to termination are included in Part IX Line 7. The employee held no officer director trustee or key employee role and is not listed in Part VII. Part IX General | Explanation:| Depreciation Catch-Up Note: The Club engaged a new bookkeeper in 2024 following the death of the prior accountant. A review determined that depreciation had not been posted to the general ledger for the 2024 tax year. A catch-up entry of 70,966 was posted to retained earnings in 2025 representing 2024 annual depreciation. The 2025 depreciation expense of 83,931 is reflected in the Statement of Functional Expenses. Part IX General | Explanation:| Payroll Note: Total payroll costs include wages of 264,173 workers compensation insurance of 11,937 and payroll taxes of 28,535. A prior-period employer tax refund of 4,931 received in 2025 from ADP was reclassified from payroll expense to miscellaneous income. A prior-period payroll liability cleanup entry of 10,141 was posted to retained earnings and is not reflected in 2025 expenses. Part X General | Explanation:| MyFBO Clearing Accounts: The Clubs balance sheet includes approximately 65,930 net in MyFBO platform clearing accounts. These represent timing differences accumulated during multi-year use of the MyFBO flight management platform. The underlying cash is confirmed present in bank accounts. These balances will be resolved upon completion of the Clubs migration to the Pilotbase platform in 2026. Member prepaid balances of 31,021 are recorded as a liability. Part X General | Explanation:| Member Loan: The Club carries a member loan balance of 44,708 as of December 31 2025. This represents funds loaned to the Club by 2 members for airplane purchase. The loan is documented and bears interest at market terms. Part XI Line 9 | Explanation:| Other Changes in Net Assets: Other changes represent net prior period adjustments posted to retained earnings during 2025 including 2024 depreciation catch-up 70,966 prior period payroll liability cleanup 10,141 and book-to-tax difference adjustment 2,466 partially offset by prior period absorption net total -18,496. Header General | Explanation:| Late Filing Reasonable Cause Statement: Form 990 for the tax year ended December 31 2025 is being filed after the May 15 2026 due date. The Club is a volunteer-operated 501c7 organization. The prior accountant who prepared the 2024 return passed away during 2025 leaving the Club without professional tax assistance. The Board Treasurer undertook preparation of this return upon becoming aware of the filing obligation. The Club has filed timely in prior years and has not previously been penalized for late filing. The Club respectfully requests abatement of any assessed penalties pursuant to reasonable cause and First-Time Abatement provisions.