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Nonprofit · EIN 04-6175219

NORTH SHORE AERO CLUB INC

Tax-exempt (reinstated) · BEVERLY, MA 01915

Financials

$261K$316K2023$276K$290K2024
Revenue Expenses · by fiscal year end
Financials of NORTH SHORE AERO CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$276,082$290,117-$14,035$376,494$387,249-$10,755
December 31, 2023990$260,999$316,192-$55,193$390,477$387,197$3,280
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$106,430
Membership dues
$106,430
Program service revenue
$169,652
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,200
Depreciation
$45,304
Program services (functional)
$290,117

Balance sheet and other

Total assets, start of year
$390,477
Total assets, end of year
$376,494
Total liabilities, end of year
$387,249
Net assets, end of year
-$10,755
Land, buildings and equipment
$319,993
Net assets without donor restrictions
-$10,755
Gross receipts
$276,082
Employees
0
Volunteers
7
Year formed
1956
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
TARIQ FASHEHPRESIDENT
Officer
5$0
JOHN YEOMANTREASURER
Officer
5$0
WILLIAM TAGERMANSECRETARY
Officer
5$0
JAMES SILVADIRECTOR
Trustee or director
1$0
RYAN CALLAHANDIRECTOR
Trustee or director
1$0
CHRIS STASONISDIRECTOR
Trustee or director
1$0
DAN RENERIDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
TARIQ FASHEHPRESIDENT
Officer
5$0
JOHN YEOMANTREASURER
Officer
5$0
WILLIAM TAGERMANSECRETARY
Officer
5$0
JAMES SILVADIRECTOR
Trustee or director
1$0
RYAN CALLAHANDIRECTOR
Trustee or director
1$0
MICHAEL RIEKERDIRECTOR
Trustee or director
1$0
DAN RENERIDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 370, BEVERLY, MA 01915-0007
Principal officer (990 for 2024)
TRAIQ FASHEH, 1938 HICKORY TRACE DR, FLEMING ISLAND, FL 32003
Signed the 990
TARIQ FASHEH, PRESIDENT
Phone
(781) 521-5220
Return prepared by
WALSH CPAS LLC

Mission

CLUB TO OWN AND MAINTAIN AIRCRAFTS FOR HOURLY USE BY MEMBERS ONLY.

990 for the year ended December 31, 2024

Program accomplishments

  • MEMBERSHIP DUES INCOME
    revenue $106,430
  • HOURLY AIRCRAFT USE FEES
    revenue $169,652

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-6175219
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$376,494
Income (IRS master file)
$276,082

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
October 8, 2012
Reinstated
Effective May 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$276,082$290,117$376,494XML
990December 2023$260,999$316,192$390,477XML
990December 2022$240,511$258,936$399,441IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6175219).

Questions about NORTH SHORE AERO CLUB INC

What is the EIN of NORTH SHORE AERO CLUB INC?
The employer identification number (EIN) of NORTH SHORE AERO CLUB INC is 04-6175219.
Is NORTH SHORE AERO CLUB INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2012.
Are donations to NORTH SHORE AERO CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORTH SHORE AERO CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NORTH SHORE AERO CLUB INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTH SHORE AERO CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NORTH SHORE AERO CLUB INC?
The 990 for the year ended December 31, 2024 names TRAIQ FASHEH.
Who are the officers and directors of NORTH SHORE AERO CLUB INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does NORTH SHORE AERO CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $276,082, expenses of $290,117 and total assets of $376,494 at year end.

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