Docs Friends Inc
- Assets
- $11.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-4367414
Organization Overview
Docs Friends Inc is located in Wichita, KS. The organization was established in 2012. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Docs Friends Inc 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 12/2023, Docs Friends Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, RESTORE, AND DISPLAY HISTORIC AIRCRAFT PARTICULARLY THOSE OF SIGNIFICANCE TO THE WICHITA, KS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN THE B-29 AIRCRAFT NAMED "DOC", DISPLAY AT AIRSHOWS, OFFER FLIGHT RIDES, HOST PUBLIC TOURS AND ONBOARD EDUCATION ON THE B-29 AIRCRAFT "DOC", AS WELL AS SUPPORT A HANGAR MUSEUM AND LEARNING CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Nichols Treasurer | OfficerTrustee | 1 | $0 |
Jeff Turner President | OfficerTrustee | 1 | $0 |
Jeff Peier Secretary | OfficerTrustee | 1.5 | $0 |
Josh Wells Executive Director | OfficerTrustee | 40 | $0 |
Mark Paolucci Director | Trustee | 8 | $0 |
Sam Frey Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,326 |
| Noncash contributions included in lines 1a–1f | $85,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,326 |
| Total Program Service Revenue | $922,312 |
| Investment income | $21,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,816 |
| Net Gain/Loss on Asset Sales | $97 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $126,316 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,282,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,182 |
| Fees for services: Other | $82,982 |
| Advertising and promotion | $35,174 |
| Office expenses | $12,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,310 |
| Travel | $175,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,691 |
| Insurance | $59,180 |
| All other expenses | $31,183 |
| Total functional expenses | $1,127,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $661,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $154,646 |
| Prepaid expenses and deferred charges | $25,888 |
| Net Land, buildings, and equipment | $5,368,355 |
| Investments—publicly traded securities | $790,107 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,920,165 |
| Total assets | $11,942,353 |
| Accounts payable and accrued expenses | $70,249 |
| Grants payable | $0 |
| Deferred revenue | $7,020 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,079,340 |
| Total liabilities | $1,156,609 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $10,785,744 |
| Total liabilities and net assets/fund balances | $11,942,353 |