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Memphis Soaring Society Inc

  • Memphis, TN
  • Tax-exempt since March 1999
  • EIN: 62-1742869

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$102k (2023)

Expenses
$120k (2023)

Total Assets
$808k (2023)

Total Liabilities
$140k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,533
Expenses
$119,592
Net Income
-$18,059
Net Assets
$667,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,734
63.8%
Program Services $29,645
29.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,000
3.9%
Net Inventory Sales -$178
Other Revenue $3,332
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $807,597
Total Liabilities $140,285
Net Assets $667,312
Club or Co-Op Income
Initiation Fees & Contributions $4,060
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Olinger (President) $0 $0 $0
Scott Ballard (Treasurer) $0 $0 $0
Robert Beger (Secretary) $0 $0 $0
Doug Johnson (Vice Presidnet) $0 $0 $0
Brian Smith (Ops. Officer) $0 $0 $0
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Document Links

990
Filed on May 1, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$73,508
Expenses
$72,120
Net Income
$1,388
Net Assets
$685,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,879
57.0%
Program Services $28,654
39.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $55
0.1%
Other Revenue $2,920
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $879,270
Total Liabilities $193,899
Net Assets $685,371
Club or Co-Op Income
Initiation Fees & Contributions $2,715
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Mark Olinger (President) $0 $0 $0
Doug Johnson (Vice President) $0 $0 $0
Robert Beger (Secretary) $0 $0 $0
Scott Ballard (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,557
Expenses
$54,519
Net Income
$9,038
Net Assets
$683,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,840
62.7%
Program Services $19,500
30.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$150
Other Revenue $4,367
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $827,547
Total Liabilities $143,564
Net Assets $683,983
Club or Co-Op Income
Initiation Fees & Contributions $2,515
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Gyorgy Gulas (Chief Instructor) $0 $0 $0
L D Blake (Chief Of Maintenance) $0 $0 $0
Brian Smith (President) $0 $0 $0
Cecil Cupp (Vice President) $0 $0 $0
Johnny Joyner (Secretary) $0 $0 $0
Mark Olinger (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 9, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,528
Expenses
$63,327
Net Income
$20,201
Net Assets
$674,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,390
51.9%
Program Services $35,592
42.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$244
Other Revenue $4,790
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $831,706
Total Liabilities $156,761
Net Assets $674,945
Club or Co-Op Income
Initiation Fees & Contributions $4,110
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Gyorgy Gulas (Chief Instructor) $0 $0 $0
L D Blake (Chief Of Maintenance) $0 $0 $0
Scott Ballard (President) $0 $0 $0
Cecil Cupp (Vice President) $0 $0 $0
Benjamin Szabo (Secretary) $0 $0 $0
Mark Olinger (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,836
Expenses
$39,516
Net Income
$15,320
Net Assets
$654,744
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,905
52.7%
Program Services $21,443
39.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$307
Other Revenue $4,795
8.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $683,118
Total Liabilities $28,374
Net Assets $654,744
Club or Co-Op Income
Initiation Fees & Contributions $3,040
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,360
Expenses
$43,052
Net Income
$13,308
Net Assets
$639,620
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,873
49.5%
Program Services $0
Investment Income $24,593
43.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$41
Other Revenue $3,935
7.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $681,390
Total Liabilities $41,770
Net Assets $639,620
Club or Co-Op Income
Initiation Fees & Contributions $2,400
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$60,949
Expenses
$51,260
Net Income
$9,689
Net Assets
$626,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,656
43.7%
Program Services $28,796
47.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$128
Other Revenue $5,625
9.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $646,548
Total Liabilities $20,236
Net Assets $626,312
Club or Co-Op Income
Initiation Fees & Contributions $3,595
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$158,875
Expenses
$47,913
Net Income
$110,962
Net Assets
$616,623
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,432
82.1%
Program Services $27,922
17.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $47
0.0%
Other Revenue $474
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $638,675
Total Liabilities $22,052
Net Assets $616,623
Club or Co-Op Income
Initiation Fees & Contributions $24,587
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,088
Expenses
$62,044
Net Income
$28,044
Net Assets
$505,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,676
68.5%
Program Services $28,203
31.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $45
0.0%
Other Revenue $164
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $644,940
Total Liabilities $139,279
Net Assets $505,661
Club or Co-Op Income
Initiation Fees & Contributions $2,398
Income From Public Use of Club Facilities $54,070

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,996
Expenses
$44,078
Net Income
$14,918
Net Assets
$477,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,823
47.2%
Program Services $30,520
51.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $53
0.1%
Other Revenue $600
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $630,666
Total Liabilities $153,049
Net Assets $477,617
Club or Co-Op Income
Initiation Fees & Contributions $3,695
Income From Public Use of Club Facilities $55,023

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,342
Expenses
$37,573
Net Income
$15,769
Net Assets
$462,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,384
55.1%
Program Services $23,893
44.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $65
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $633,223
Total Liabilities $170,524
Net Assets $462,699
Club or Co-Op Income
Initiation Fees & Contributions $1,270
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,886
Expenses
$44,253
Net Income
$10,633
Net Assets
$446,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,290
40.6%
Program Services $32,329
58.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $267
0.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $636,940
Total Liabilities $190,010
Net Assets $446,930
Club or Co-Op Income
Initiation Fees & Contributions $4,300
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,547
Expenses
$40,812
Net Income
$10,735
Net Assets
$436,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,188
39.2%
Program Services $32,280
62.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,111
Net Inventory Sales $190
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $634,219
Total Liabilities $197,922
Net Assets $436,297
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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