Nonprofit · EIN 23-7333875
LEXINGTON FLYING CLUB INC
Tax-exempt · LEXINGTON, KY 40588
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $413,584 | $309,675 | $103,909 | $751,829 | $111,468 | $640,361 |
| December 31, 2023 | 990 | $436,729 | $355,328 | $81,401 | $610,689 | $74,237 | $536,452 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $112,578
- Membership dues
- $112,578
- Program service revenue
- $294,171
- Investment income
- $6,835
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $246,362
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $8,786
Balance sheet and other
- Total assets, start of year
- $610,689
- Total assets, end of year
- $751,829
- Total liabilities, end of year
- $111,468
- Net assets, end of year
- $640,361
- Land, buildings and equipment
- $487,428
- Gross receipts
- $413,584
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1953
- State of legal domicile
- KY
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN JASON ROTHROCK | MAINTENANCE Trustee or director | – | $0 |
| PHILIP HEINK | DIRECTOR Trustee or director | – | $0 |
| MICHAEL PROCTOR | PRESIDENT Trustee or director, Officer | – | $0 |
| CHARLES SIMMS | VP ADMINISTR Trustee or director, Officer | – | $0 |
| JOHN OLSEN | MAINTENANCE Trustee or director | – | $0 |
| STEVEN WALTER | SECRETARY Trustee or director, Officer | – | $0 |
| MICHAEL SMITH | MAINTENANCE Trustee or director | – | $0 |
| WESLEE FARLEY | MAINTENANCE Trustee or director | – | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | – | $0 |
| CHASE CARDIN | MAINTENANCE Trustee or director | – | $0 |
| WILLIAM MARK HOLCOMB | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN JASON ROTHROCK | MAINTENANCE Trustee or director | 3 | $0 |
| PHILIP HEINK | DIRECTOR Trustee or director | 3 | $0 |
| MICHAEL PROCTOR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| CHARLES SIMMS | VP ADMINISTR Trustee or director, Officer | 3 | $0 |
| JOHN OLSEN | MAINTENANCE Trustee or director | 3 | $0 |
| STEVEN WALTER | SECRETARY Trustee or director, Officer | 3 | $0 |
| MICHAEL SMITH | MAINTENANCE Trustee or director | 3 | $0 |
| WESLEE FARLEY | MAINTENANCE Trustee or director | 3 | $0 |
| CHRIS CAMPBELL | DIRECTOR Trustee or director | 3 | $0 |
| CHASE CARDIN | MAINTENANCE Trustee or director | 3 | $0 |
| WILLIAM MARK HOLCOMB | TREASURER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 863, LEXINGTON, KY 40588-0863
- In care of
- % ANTHONY Q BAXTER
- Principal officer (990 for 2024)
- MICHAEL PROCTOR, PO BOX 863, LEXINGTON, KY 40588
- Signed the 990
- WILLIAM MARK HOLCOMB, TREASURER
- Phone
- (859) 266-9142
- Website
- WWW.LEXINGTONFLYINGCLUB.ORG
- Return prepared by
- HOLCOMB & ASSOCIATES PSC
Mission
NONPROFIT SOCIAL CLUB - LEXINGTON FLYING CLUB MEMBERS SHARE EXPENSES TO OWN AND FLY AIRCRAFT. THE ORGANIZATION OF PROVIDERS MEMBERS WITH LOW-COST FLYING AND PROMOTES MEMBER AIRCRAFT SAFETY.
Program accomplishments
- ALL REVENUE AND EXPENSES SUPPORT THE ORGANIZATION'S MISSION: MEMBERS SHARE EXPENSES TO OWN AND FLY AIRCRAFT WITH A GOAL OF PROVIDING LOW-COST FLYING AND PROMOTING MEMBER AIRCRAFT SAFETY.Expenses $246,362 · revenue $283,654
- ALL REVENUE AND EXPENSES SUPPORT THE ORGANIZATION'S MISSION: MEMBERS SHARE EXPENSES TO OWN AND FLY AIRCRAFT WITH A GOAL OF PROVIDING LOW-COST FLYING AND PROMOTING MEMBER AIRCRAFT SAFETY.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7333875
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60Z)
- Assets (IRS master file)
- $751,829
- Income (IRS master file)
- $413,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $413,584 | $309,675 | $751,829 | XML |
| 990 | December 2023 | $436,729 | $355,328 | $610,689 | XML |
| 990 | December 2022 | $306,026 | $265,444 | $549,266 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 23-7333875).
Questions about LEXINGTON FLYING CLUB INC
- What is the EIN of LEXINGTON FLYING CLUB INC?
- The employer identification number (EIN) of LEXINGTON FLYING CLUB INC is 23-7333875.
- Is LEXINGTON FLYING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1974.
- Are donations to LEXINGTON FLYING CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEXINGTON FLYING 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 LEXINGTON FLYING 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 LEXINGTON FLYING 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 LEXINGTON FLYING CLUB INC?
- The 990 for the year ended December 31, 2024 names MICHAEL PROCTOR.
- Who are the officers and directors of LEXINGTON FLYING CLUB INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does LEXINGTON FLYING CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $413,584, expenses of $309,675 and total assets of $751,829 at year end.
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