Nonprofit · EIN 42-1405648
VALLEY AIRPORT INC
Tax-exempt · MISSOURI VLY, IA 51555
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990-EZ | $18,565 | $8,117 | $10,448 | $56,138 | – | $56,138 |
| May 31, 2025 | 990-EZ | $16,210 | $6,745 | $9,465 | $45,690 | – | $45,690 |
| May 31, 2024 | 990-EZ | $10,155 | $7,368 | $2,787 | $36,225 | – | $36,225 |
Financial details: 990-EZ for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $14,650
- Program service revenue
- $0
- Investment income
- $3,915
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $430
- Occupancy
- $7,687
- Program services (functional)
- $8,117
Balance sheet and other
- Total assets, start of year
- $45,690
- Total assets, end of year
- $56,138
- Total liabilities, end of year
- –
- Net assets, end of year
- $56,138
- Cash, savings and investments
- $47,438
- Land and buildings
- $8,700
- Gross receipts
- $18,565
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-EZ for the year ended May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERMAN STRUBLE | PRESIDENT | 5 | $0 |
| HAROLD OSTLER | SEC/TREAS | 5 | $0 |
| STEVE SMITH | VICE PRES | 5 | $0 |
990-EZ for the year ended May 31, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERMAN STRUBLE | PRESIDENT | 5 | $0 |
| HAROLD OSTLER | SEC/TREAS | 5 | $0 |
| STEVE SMITH | VICE PRES | 5 | $0 |
990-EZ for the year ended May 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERMAN STRUBLE | PRESIDENT | 5 | $0 |
| HAROLD OSTLER | SEC/TREAS | 5 | $0 |
| MIKE COLLIER | VICE PRES | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 306, MISSOURI VLY, IA 51555-0306
- In care of
- % JOHN W KELLOGG
- Signed the 990-EZ
- SHERMAN STRUBLE, PRESIDENT
- Phone
- (712) 642-3574
- Return prepared by
- HOFMEISTER ACCOUNTING INC
Mission
TO SUPPORT AND MAINTAIN PUBLIC AIRPORT,TO AID IN EDUCATIONAL PROGRAMS FOR YOUTH AND ADULTS, TO AID IN CHARITIABLE ENDEAVORS IN AND AROUND THE COMMUNITY
Program accomplishments
- TO SUPPORT AND MAINTAIN THE MISSOURI VALLEY AIRPORTAS A PUBLIC AIRPORT WITH 21 RENTERSExpenses $8,117
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990-EZ on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-EZ on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 42-1405648
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1995
- Accounting year ends
- May
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S80Z)
- Assets (IRS master file)
- $56,138
- Income (IRS master file)
- $18,565
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | May 2026 | $18,565 | $8,117 | $56,138 | XML |
| 990-EZ | May 2025 | $16,210 | $6,745 | $45,690 | XML |
| 990-EZ | May 2024 | $10,155 | $7,368 | $36,225 | XML |
| 990-EZ | May 2023 | – | – | – | IRS |
| 990-EZ | May 2022 | – | – | – | IRS |
| 990-EZ | May 2021 | – | – | – | IRS |
| 990-EZ | May 2020 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | 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 42-1405648).
Questions about VALLEY AIRPORT INC
- What is the EIN of VALLEY AIRPORT INC?
- The employer identification number (EIN) of VALLEY AIRPORT INC is 42-1405648.
- Is VALLEY AIRPORT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to VALLEY AIRPORT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does VALLEY AIRPORT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VALLEY AIRPORT INC due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY AIRPORT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended May 2026.
- Who are the officers and directors of VALLEY AIRPORT INC?
- The 990-EZ for the year ended May 31, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does VALLEY AIRPORT INC have?
- On its 990-EZ for the year ended May 31, 2026 it reported revenue of $18,565, expenses of $8,117 and total assets of $56,138 at year end.
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