Fagen Fighters Wwii Museum
- Assets
- $11.4m
- Revenue
- -$4.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Granite Falls, MN
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 45-5156977
Organization Overview
Fagen Fighters Wwii Museum is located in Granite Falls, MN. The organization was established in 2013. 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. Fagen Fighters Wwii Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES FAGEN FIGHTERS WWII MUSEUM WHICH DISPLAYS WWII AIRCRAFT, LAND VEHICLES AND MEMORABILIA AS WELL AS HOSTS A WWII THEMED AIR SHOW EVERY OTHER YEAR. THE MUSEUM HAS ADDED A GIFT SHOP WHICH CARRIES PRODUCTS THAT FOSTER SUPPORT OF THE MUSEUM, ITS MISSION, AND ITEMS FOR THE CONVENIENCE OF THE MUSEUM VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane K Fagen Director, President | 1 | $0 | |
Evan F Fagen Director, Vice Pres., And | 1 | $0 | |
Roland J Fagen Director, Chief Executive | 1 | $0 | |
Aaron J Fagen Director, Vice Pres. And S | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $331,835 |
| Interest on Savings | $42,289 |
| Dividends & Interest | $26,890 |
| Net Rental Income | $2,293 |
| Net Gain on Sale of Assets | -$481,884 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$552 |
| Other Income | $74,831 |
| Total Revenue | -$4,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $80,092 |
| Pension plans, employee benefits | $65 |
| Interest | $0 |
| Taxes | $9,950 |
| Depreciation | $270,443 |
| Occupancy | $59,003 |
| Travel, conferences, and meetings | $37,229 |
| Printing and publications | $0 |
| Other expenses | $270,500 |
| Total operating and administrative expenses | $741,940 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $741,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,983 |
| Savings and temporary cash investments | $1,253,832 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $30,459 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,907,937 |
| Other assets | $2,144,299 |
| Total assets | $11,353,510 |
| Accounts payable and accrued expenses | $2,176 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,176 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fagen Fighters Wwii Museum has recieved totaling $6,300.
| Awarding Organization | Amount |
|---|---|
Air Force Heritage Flight Foundation Houston, TX PURPOSE: AIRSHOW DONATIONS | $6,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Danish Immigrant Museum Elk Horn, IA | $10,787,918 | $1,977,649 |
National Railroad Museum Inc Green Bay, WI | $10,947,980 | $3,836,753 |
Door County Maritime Museum & Lighthouse Preservation Society In Sturgeon Bay, WI | $12,430,907 | $3,874,583 |
Wisconsin Maritime Museum Inc Manitowoc, WI | $5,537,448 | $1,354,482 |
National Sprint Car Hall Of Fame & Museum Foundation Inc Knoxville, IA | $7,797,948 | $2,501,286 |
Lake Superior Railroad Museum Duluth, MN | $1,428,444 | $1,322,754 |
Pavek Museum Of Broadcasting St Louis Park, MN | $6,139,052 | $709,013 |