Tri-Motor Heritage Foundation
- Assets
- $335.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Clinton, OH
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 27-1290309
Organization Overview
Tri-Motor Heritage Foundation is located in Port Clinton, OH. The organization was established in 2010. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Motor Heritage Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tri-Motor Heritage Foundation generated $103.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $52.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CORPORATION IS IN THE PROCESS OF RESTORING A FORD TRI-MOTOR AIRPLANE FOR FUTURE DISPLAY TO THE GENERAL PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Moore Curator | 35 | $30,000 | |
Warren Cermak Board Member | 0.5 | $0 | |
Todd Mather Board Member | 0.5 | $0 | |
Lisa Benjamin Vice Chair | 0.5 | $0 | |
Jon Brausch President | 1 | $0 | |
Tom Griffing Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,424 |
| Total Program Service Revenue | $2,129 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $103,555 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,000 |
| Professional fees and other payments to independent contractors | $225 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $561 |
| Other expenses | $21,193 |
| Total expenses | $51,979 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,805 |
| Other assets | $0 |
| Total assets | $335,052 |
| Total liabilities | $169 |
| Net assets or fund balances | $334,883 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tri-Motor Heritage Foundation has recieved totaling $21,490.
| Awarding Organization | Amount |
|---|---|
Mylander Foundation-2001 Sandusky, OH PURPOSE: RESTORATION OF ISLANDAIRLINES 1929 FORD TRI-MOTOR TIN GOOSE | $17,990 |
Richard And Gina Klym Foundation Inc Naples, FL PURPOSE: CIVIC | $3,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
The Masonic Library And Museum Of Pennsylvania Philadelphia, PA | $22,455,436 | $4,692,168 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
African American Museum In Philadelphia, PA | $3,193,527 | $2,188,357 |
National Liberty Museum Philadelphia, PA | $29,022,169 | $6,454,571 |