TY 2024 Form 990EZ

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? Aero Valley Property Owners Association is an organization operating exclusively for the promotion of social welfare. The organiation maintains and oversees the runways, taxiways, and common grounds of a public airport used by the general public of several rural communities in the state of Texas. Maintenance and management of these airport facilities greatly serves to promote the improvement of the welfare of these communities.
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 govern and manage Northwest Regional Airport for the benefit of all properties within airport boundaries under the authority of the deed restrictions and the association's bylaws. To acquire and maintain property and facilities for the use, enjoyment, and benefit of individuals who reside within the geographic area served by the association as may be established by the board of directors pursuant to the association's bylaws. To promote and encourage the use, operation, and maintenance of Northwest Regional Airport for the benefit of the geographic area served by the airport, and established by the board of directors, and for the benefit of users of the airport, including the flying public, as deemed appropriate by the board. To acquire other properties and construct buildings for such purposes To engage in all types of activities not prohibited by law that will promote better citizenship among its members and stimulate educational and other activities as will raise the standards of civic morality and community welfare. To promote and foster mutual understanding, goodwill, and a safe, healthy, and sanitary environment and to disseminate such knowledge as may be useful for its members in their work, leisure, and home life, as such, make them more proficient in their activities as citizens and residents of the state of Texas. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (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
Larry Martin Director	5.00	0
Carey Sharp Director	5.00	0
Eric Branyan President	5.00	0
Mark Ridel Director	5.00	0
Mike Love Director	5.00	0
Scott Toornburg Director	5.00	0
Bob Smith Treasurer	5.00	0

(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

Larry Martin

Director

5.00

Carey Sharp

Director

5.00

Eric Branyan

President

5.00

Mark Ridel

Director

5.00

Mike Love

Director

5.00

Scott Toornburg

Director

5.00

Bob Smith

Treasurer

5.00

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
NONE

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
NONE

Return Reference	Explanation
Other Expenses.1002	Office Expenses $167
Other Expenses.1003	Information Technology $771
Other Expenses.1009	Depreciation $4998
Other Expenses.1012	Insurance $4352
Other Expenses.1	Runway Drainage $35652
Other Expenses.2	Contract Labor $24000
Other Expenses.3	Repairs $4395
Other Expenses.4	Merchant Fees $2416
Other Expenses.5	Runway Re-Seal $2041
Other Expenses.6	Bank Fees $495
Other Expenses.8	Rounding $2
Other Assets.1003	Machinery and Equipment - Beginning $16204 Machinery and Equipment - Ending $15422
Total Liabilities.1	2020 Synchrony Bank - Beginning $1252 2020 Synchrony Bank - Ending $0

Return Reference

Explanation

Other Expenses.1002

Office Expenses $167

Other Expenses.1003

Information Technology $771

Other Expenses.1009

Depreciation $4998

Other Expenses.1012

Insurance $4352

Other Expenses.1

Runway Drainage $35652

Other Expenses.2

Contract Labor $24000

Other Expenses.3

Repairs $4395

Other Expenses.4

Merchant Fees $2416

Other Expenses.5

Runway Re-Seal $2041

Other Expenses.6

Bank Fees $495

Other Expenses.8

Rounding $2

Other Assets.1003

Machinery and Equipment - Beginning $16204 Machinery and Equipment - Ending $15422

Total Liabilities.1

2020 Synchrony Bank - Beginning $1252 2020 Synchrony Bank - Ending $0

1	Contributions, gifts, grants, and similar amounts received ....................	1	160,162
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3
4	Investment income ....................................	4	14,826
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
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	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
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	174,988

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	32,533
14	Occupancy, rent, utilities, and maintenance ...................	14	16,986
15	Printing, publications, postage, and shipping ...................	15	386
16	Other expenses (describe in Schedule O) ...................	16	79,289
17	Total expenses. Add lines 10 through 16 .................	17	129,194

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	45,794
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	71,777
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	117,571

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Software ID:	24020486
Software Version:	2024v5.0