TY 2019 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2019

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
READING AERO CLUB INC

Number and street (or P. O. box, if mail is not delivered to street address)122 WEST APRON DRIVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code READING, PA19605

D Employer identification number

23-6410489

E Telephone number

(610) 370-7101

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE PURPOSE OF THE CORPORATION IS FOR THE ENCOURAGEMENT OF AVIATION IN GENERAL: TO ACQUIRE,PRESERVE, AND DISSEMINATE VALUABLE INFORMATION AND KNOWLEDGE ON THE SUBJECT OF AVIATION THROUGH BOOKS, LECTURES AND PAMPHLETS; TO ACQUIRE, OWN, AND MAINTAIN AIRCRAFT, AND TO PROMOTE THE SAFE USE THEREOF; AND TO MAINTAIN A CLUB ROOM FOR USE BY CLUB MEMBERS.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 TO ACQUIRE, OWN, MAINTAIN AND PROMOTE THE SAFE USE OF AIRCRAFT (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 TO MAINTAIN A CLUB ROOM FOR THE USE OF MEMBERS. (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 TO ENCOURAGE AVIATION BY ACQUIRING, PRESERVING AND DISSEMINATING VALUABLE INFORMATION ON THE SUBJECT OF AVIATION. (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
JEFF BREAULT PRESIDENT	2.00	0
KEITH KROTT TREASURER	2.00	0
SCOTT MISTYSYN FINANCIAL SE	2.00	0
DENNIS COLDREN TREASURER (1	2.00	0
JOHN TOOMEY ADMINISTRATI	2.00	0
TIM MEADE OPERATIONS V	2.00	0
BOB IANNELLI MAINTENANCE	2.00	0
STEVE PALUMBO ASST MAINTEN	2.00	0
DALE LITWHILER RECORDING SE	2.00	0
BRIAN STOLTZFUS SAFETY OFFIC	2.00	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation

Return Reference	Explanation
FORM 990-EZ, PART I, LINE 16	EXPENSES AIRCRAFT FUEL 35,273 AIRCRAFT INSPECT/MAINT 36,958 TELEPHONE 707 D&O INSURANCE 1,224 CHARITABLE CONTRIBUTIONS 2,075 CLUBHOUSE/OFFICE SUPPLIES 3,875 COMPUTER COSTS/SCHEDULING 934 DUES AND SUBSCRIPTIONS 69 PA USE TAX 10 BANK FEE 10 NON-INVESTMENT DEPRECIATION 20,627 TOTAL 101,762
FORM 990-EZ, PART II, LINE 24	307,061 347,531 LESS ACCUMULATED DEPRECIATION 146,439 167,411 TOTAL 160,622 180,120
FORM 990-EZ, PART III	THE PURPOSE OF THE CORPORATION IS FOR THE ENCOURAGEMENT OF AVIATION IN GENERAL: TO ACQUIRE,PRESERVE, AND DISSEMINATE VALUABLE INFORMATION AND KNOWLEDGE ON THE SUBJECT OF AVIATION THROUGH BOOKS, LECTURES AND PAMPHLETS; TO ACQUIRE, OWN, AND MAINTAIN AIRCRAFT, AND TO PROMOTE THE SAFE USE THEREOF; AND TO MAINTAIN A CLUB ROOM FOR USE BY CLUB MEMBERS.

Return Reference

Explanation

FORM 990-EZ, PART I, LINE 16

EXPENSES AIRCRAFT FUEL 35,273 AIRCRAFT INSPECT/MAINT 36,958 TELEPHONE 707 D&O INSURANCE 1,224 CHARITABLE CONTRIBUTIONS 2,075 CLUBHOUSE/OFFICE SUPPLIES 3,875 COMPUTER COSTS/SCHEDULING 934 DUES AND SUBSCRIPTIONS 69 PA USE TAX 10 BANK FEE 10 NON-INVESTMENT DEPRECIATION 20,627 TOTAL 101,762

FORM 990-EZ, PART II, LINE 24

307,061 347,531 LESS ACCUMULATED DEPRECIATION 146,439 167,411 TOTAL 160,622 180,120

FORM 990-EZ, PART III

THE PURPOSE OF THE CORPORATION IS FOR THE ENCOURAGEMENT OF AVIATION IN GENERAL: TO ACQUIRE,PRESERVE, AND DISSEMINATE VALUABLE INFORMATION AND KNOWLEDGE ON THE SUBJECT OF AVIATION THROUGH BOOKS, LECTURES AND PAMPHLETS; TO ACQUIRE, OWN, AND MAINTAIN AIRCRAFT, AND TO PROMOTE THE SAFE USE THEREOF; AND TO MAINTAIN A CLUB ROOM FOR USE BY CLUB MEMBERS.

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2	87,715
3	Membership dues and assessments .............................	3	50,230
4	Investment income ....................................	4	1,372
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	12,798
c	Less: direct expenses from gaming and fundraising events ...	6c	876
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d	11,922
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	151,239

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	35,624
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	437,619
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	473,243

Sign Here

	Signature of officer	Date

	Type or print name and title

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13
14	Occupancy, rent, utilities, and maintenance ...................	14	13,853
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	101,762
17	Total expenses. Add lines 10 through 16 .................	17	115,615

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