Valiant Air Command Inc
- Assets
- $2.8m
- Revenue
- $899.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Titusville, FL
- Founding
- 03/1980
- Data as of
- 12/2021
- EIN
- 59-1773787
Organization Overview
Valiant Air Command Inc is located in Titusville, FL. The organization was established in 1980. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Valiant Air Command Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valiant Air Command 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, Valiant Air Command Inc generated $899.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $843.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
MAKE GENERAL PUBLIC AWARE OF MILITARY AND CIVILIAN HERITAGE THROUGH AIR SHOWS, MUSEUM, AND RESTORATION OF VINTAGE AIRCRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONCE A YEAR AVIATION SHOW IS PUT ON FOR THE PUBLIC.
THIS IS THE MUSEUM, FACILITY AND RESTORATION FOR NONPROFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Daniels Director | OfficerTrustee | $0 | |
Irving Bob Boswell Director | Trustee | $0 | |
Marvin Juhl Director | Trustee | $0 | |
Richard Jones Director | Trustee | $0 | |
Leigh Lewis Director | Trustee | $0 | |
David Shore Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,342 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,694 |
| Total Program Service Revenue | $65,260 |
| Investment income | $11,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $898,999 |
| 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 | $12,739 |
| 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 | $7,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,444 |
| Office expenses | $66,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,468 |
| Insurance | $132,525 |
| All other expenses | $38,022 |
| Total functional expenses | $843,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,569,881 |
| Savings and temporary cash investments | $0 |
| 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 | $79,374 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,124,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $623 |
| Total assets | $2,774,756 |
| Accounts payable and accrued expenses | $6,614 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $580,203 |
| Total liabilities | $586,817 |
| Net assets without donor restrictions | $2,187,939 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,774,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valiant Air Command Inc has recieved totaling $16,052.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Historical Society Inc Atlanta, GA | $186,882,791 | $33,828,707 |
Fox Theatre Inc Atlanta, GA | $106,794,461 | $20,353,110 |
Vizcaya Museum And Gardens Trust Inc Miami, FL | $11,712,180 | $11,588,414 |
The Lodges At Banning Mills Retreat And Conservation Center Inc Whitesburg, GA | $8,373,902 | $8,117,551 |
Bellingrath-Morse Foundation Theodore, AL | $109,592,614 | $8,669,562 |
Thomas Edison And Henry Ford Winter Estates Inc Fort Myers, FL | $5,261,468 | $5,556,922 |
Atlanta Beltline Partnership Inc Atlanta, GA | $54,208,865 | $38,882,931 |
Roshan Institute Of Cultural Heritage Orlando, FL | $8,118,910 | $2,379,053 |
B J Palmer Historic Home Foundation Inc Marietta, GA | $0 | $2,223,386 |
Georgia Trust For Historic Preservation Inc Atlanta, GA | $16,904,162 | $2,663,570 |
Educopia Institute Inc Atlanta, GA | $2,468,472 | $2,053,368 |
Historic Oakland Foundation Inc Atlanta, GA | $10,625,800 | $4,650,035 |