Twa Museum Inc
- Assets
- $339.7k
- Revenue
- $139.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-0660493
Organization Overview
Twa Museum Inc is located in Kansas City, MO. 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. Twa Museum 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 12/2021, Twa Museum Inc generated $139.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $80.5k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN EXHIBITS AND COLLECTIONS PERTAINING TO THE HISTORY OF TRANS WORLD AIRLINES (TWA)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A MUSEUM SURROUNDING INTRODUCING THE PUBLIC TO COMMERCIAL AVIATION AND THE RICH HERITAGE OF TWA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Blaschum President | OfficerTrustee | 16 | $0 |
Nancy Stitzman Secretary | OfficerTrustee | 16 | $0 |
Ann Noland Director | Trustee | 16 | $0 |
Chris Funk Director | Trustee | 16 | $0 |
Steve Wood Director | Trustee | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,296 |
| Fundraising events | $2,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,369 |
| Total Program Service Revenue | $26,472 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $15,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,800 |
| 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 | $1,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,144 |
| Office expenses | $5,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,395 |
| Travel | $90 |
| 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 | $223 |
| Insurance | $4,278 |
| All other expenses | $0 |
| Total functional expenses | $80,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,526 |
| Savings and temporary cash investments | $169,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,812 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $339,685 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $253,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $253,000 |
| 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 | $86,685 |
| Total liabilities and net assets/fund balances | $339,685 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twa Museum Inc has recieved totaling $8,510.
| Awarding Organization | Amount |
|---|---|
Silver Wings Internation Inc New York, NY | | $8,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |