Fagen Fighters Wwii Museum
- Assets
- $12.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Granite Falls, MN
- Founding
- 01/2013
- Data as of
- 12/2023
- 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.
For the year ending 12/2023, Fagen Fighters Wwii Museum generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.3% each year . All expenses for the organization totaled $884.0k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Roland J Fagen Director, Chief Executive | 1 | $0 | |
Diane K Fagen Director, President | 1 | $0 | |
Aaron J Fagen Director, Vice Pres. And Secretary | 1 | $0 | |
Evan F Fagen Director, Vice Pres., And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,078,023 |
| Interest on Savings | $27,165 |
| Dividends & Interest | $0 |
| Net Rental Income | $2,751 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $16,445 |
| Other Income | $84,836 |
| Total Revenue | $2,209,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $32,974 |
| Pension plans, employee benefits | $64 |
| Interest | $0 |
| Taxes | $7,034 |
| Depreciation | $316,775 |
| Occupancy | $96,675 |
| Travel, conferences, and meetings | $1,082 |
| Printing and publications | $0 |
| Other expenses | $421,008 |
| Total operating and administrative expenses | $883,978 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $883,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,533 |
| Savings and temporary cash investments | $570,684 |
| 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 | $157,910 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $9,057,852 |
| Other assets | $2,677,633 |
| Total assets | $12,591,612 |
| Accounts payable and accrued expenses | $2,676 |
| 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 | $2,676 |