Nonprofit · EIN 56-1467978
KENNEBEC FLYING CLUB INC
Tax-exempt · FUQUAY VARINA, NC 27526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $72,288 | $56,729 | $15,559 | $516,849 | $0 | $516,849 |
| December 31, 2023 | 990 | $63,230 | $39,255 | $23,975 | $501,290 | $0 | $501,290 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,444
- Membership dues
- $2,444
- Program service revenue
- $64,563
- Investment income
- $3,931
- Net income from fundraising events
- $683
- Other revenue
- $1,350
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $595
- Occupancy
- $41,584
- Depreciation
- $6,822
- Program services (functional)
- $32,828
- Management and general (functional)
- $23,901
Balance sheet and other
- Total assets, start of year
- $501,290
- Total assets, end of year
- $516,849
- Total liabilities, end of year
- $0
- Net assets, end of year
- $516,849
- Land, buildings and equipment
- $366,378
- Gross receipts
- $96,208
- Employees
- 0
- Year formed
- 1985
- State of legal domicile
- NC
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 |
|---|---|---|---|
| STEVE SMITH | PRESIDENT Officer | 0 | $0 |
| WAYNE KING | TREASURER Officer | 0 | $0 |
| JIM DEATON | SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM DEATON | SECRETARY Officer | 0 | $0 |
| WAYNE KING | TREASURER Officer | 0 | $0 |
| JAMES ADCOCK | PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 8312 MAUDE STEWART RD, FUQUAY VARINA, NC 27526-7856
- In care of
- % WAYNE KING
- Signed the 990
- WAYNE KING, TREASURER
- Phone
- (919) 639-8836
- Return prepared by
- Charles Bryan CPA PA
Mission
RECREATIONAL FLYING AND SOCIAL CLUB
Program accomplishments
- RECREATIONAL FLYING AND SOCIAL CLUBExpenses $32,828 · revenue $64,563
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
- 56-1467978
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $516,849
- Income (IRS master file)
- $96,208
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $72,288 | $56,729 | $516,849 | IRS |
| 990 | December 2023 | $63,230 | $39,255 | $501,290 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 56-1467978).
Questions about KENNEBEC FLYING CLUB INC
- What is the EIN of KENNEBEC FLYING CLUB INC?
- The employer identification number (EIN) of KENNEBEC FLYING CLUB INC is 56-1467978.
- Is KENNEBEC FLYING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1986.
- Are donations to KENNEBEC FLYING CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENNEBEC 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 KENNEBEC 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 KENNEBEC 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 are the officers and directors of KENNEBEC FLYING CLUB INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KENNEBEC FLYING CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $72,288, expenses of $56,729 and total assets of $516,849 at year end.
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