Commemorative Air Force
- Assets
- $31.7m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 43
- Location
- Dallas, TX
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 74-1484491
Organization Overview
Commemorative Air Force is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Commemorative Air Force employed 43 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Commemorative Air Force 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, Commemorative Air Force generated $23.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $22.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, RESTORE, MAINTAIN AND OPERATE A COLLECTION OF WORLD WAR II AIRCRAFT FOR THE EDUCATION AND ENJOYMENT OF THE PRESENT AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
AIRSHOWS ARE PREMIERE AVIATION EVENTS WHERE WARBIRDS (AIRCRAFT)GATHER TO REENACT HISTORIC BATTLES. ADDITIONAL ATTRACTIONS OFTHESE SHOWS INCLUDE; JUNIOR ACES KIDS TENT (PROVIDING GAMES, ARTS& CRAFTS AND OTHER FUN ACTIVITIES FOR CHILDREN), FAMED GHOSTSQUADRON AIRCRAFT DISPLAYS, SPECIAL SHOWS FOR SPECIAL PEOPLE ONFRIDAYS, PRECEDING THE REGULAR EVENT, THAT OTHERWISE MIGHT NOT BEABLE TO ATTEND AND NUMEROUS FLYING PERFORMING ACTS SUCH ASWINGWALKING AND AEROBATICS.
MEMBERSHIP DUES & ANUAC FEES: MEMBERSHIP DUES ARE ESTABLISHED &COLLECTED TO COVER NORMAL OPERATING EXPENSES OF INDIVIDUAL UNITS.MEMBERSHIP FEES INCLUDE MONTHLY OR QUARTERLY SUBSCRIPTIONS TO THECAF'S MAGAZINE, "DISPATCH." MEMBERS RECEIVE FREE ADMISSION TO THEMUSEUMS AND EXHIBITS AND OTHER BENEFITS SUCH AS OPPORTUNITIES TOFLY IN CAF AIRCRAFT AND GIFT SHOP DISCOUNTS.EACH UNIT IS ALSOSUBJECT TO ANNUAL ANUAC FEES (ANNUAL ADMINISTRATIVE CHARGES) TOASSIST IN THE OPERATION OF THE NATIONAL HEADQUARTERS. NATIONAL &LOCAL MEMBERSHIP FEES ARE SET & COLLECTED BY EACH UNIT AND THENATIONAL HEADQUARTERS, BASED ON THEIR OPERATIONAL NEEDS. ANNUALANUAC FEES MAY VARY FROM YEAR TO YEAR.
MUSEUM ADMISSIONS FOR THE CAF ARE FOR MONIES COLLECTED BYINDIVIDUAL UNITS, LOCATED THROUGHOUT THE UNITED STATES, FOR ENTRYINTO THEIR FACILITIES. FACILITIES ARE OPENED TO VISITORS,TOURISTS, SCHOOL GROUPS, ETC. TO VIEW THE AIRCRAFT AND EDUCATIONALEXHIBITS WITHIN THE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Coates President | Officer | 40 | $233,891 |
Lance Linguist Secretary/treasurer | Officer | 40 | $201,466 |
Gerald D Oliver COO | Officer | 40 | $134,785 |
Rozelyn Beck VP Development | 40 | $114,579 | |
Jim Lasche Jr VP Safety | 40 | $101,323 | |
Nancy Mcgee VP Education | 40 | $100,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Air Capital Insurance Llc Aviation Insurance | 12/30/19 | $1,264,816 |
Hollis Trucking Terry Hollis Transportation | 12/30/19 | $227,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,165,916 |
| Fundraising events | $4,965,441 |
| Related organizations | $1,332,766 |
| Government grants | $633,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,573,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,671,200 |
| Total Program Service Revenue | $11,718,505 |
| Investment income | $230,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,280 |
| Net Income from Fundraising Events | $835,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$38,737 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,919,156 |
| 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 | $2,268,317 |
| Pension plan accruals and contributions | $55,343 |
| Other employee benefits | $390,875 |
| Payroll taxes | $178,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,842 |
| Fees for services: Accounting | $87,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $835,192 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $501,686 |
| Office expenses | $662,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $356,986 |
| Travel | $319,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,220 |
| Payments to affiliates | $1,730,121 |
| Depreciation, depletion, and amortization | $710,653 |
| Insurance | $1,504,319 |
| All other expenses | $3,075,396 |
| Total functional expenses | $22,716,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,578,714 |
| Savings and temporary cash investments | $648,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $303,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $739,659 |
| Prepaid expenses and deferred charges | $452,865 |
| Net Land, buildings, and equipment | $9,754,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,031,065 |
| Intangible assets | $17,235 |
| Other assets | $7,173,542 |
| Total assets | $31,700,187 |
| Accounts payable and accrued expenses | $895,522 |
| Grants payable | $0 |
| Deferred revenue | $331,195 |
| 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 | $2,009,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,295,796 |
| Total liabilities | $4,531,849 |
| Net assets without donor restrictions | $24,946,276 |
| Net assets with donor restrictions | $2,222,062 |
| 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 | $31,700,187 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Commemorative Air Force has recieved totaling $36,130.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,771 |
Society Of American Military Engineers Raleigh, NC PURPOSE: GENERAL SUPPORT | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,109 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $5,750 |
Endowment Analysis
| Beg. Balance | $9,894,235 |
| Earnings | $85,598 |
| Other Expense | $7,902 |
| Ending Balance | $794,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |