American Airpower Heritage Museum Inc
- Assets
- $14.4m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 74-2553763
Organization Overview
American Airpower Heritage Museum Inc is located in Dallas, TX. The organization was established in 1990. 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. American Airpower Heritage 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, American Airpower Heritage Museum Inc generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.2% each year . All expenses for the organization totaled $10.3m during the year ending 12/2021. While expenses have increased by 25.2% 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
PUBLIC EDUCATION & ENJOYMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN AIRPOWER HERITAGE MUSEUM HOUSES, MAINTAINS,AND DEVELOPS WORLD WAR II ARTIFACTS FOR THE EDUCATIONAND ENJOYMENT OF PRESENT AND FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Coates President | Officer | 5 | $0 |
Lance Linguist Secretary / Treasurer | Officer | 5 | $0 |
Fred Telling Board Member | Trustee | 5 | $0 |
David Oliver Director | Trustee | 5 | $0 |
Rodney Burchfield Board Member | Trustee | 5 | $0 |
Charles Lipsomb Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bellwether Prototype Llc Museum Exhibits | 12/30/21 | $235,939 |
Groove Jones Llc Museum Exhibits | 12/30/21 | $150,000 |
Mcright Smith Construction Construction | 12/30/21 | $2,473,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,961,269 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,279,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,240,953 |
| Total Program Service Revenue | $156,360 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,462,262 |
| 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 | $429,121 |
| Pension plan accruals and contributions | $10,579 |
| Other employee benefits | $71,661 |
| Payroll taxes | $37,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,194 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,987 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,224 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,031 |
| Travel | $3,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $225,480 |
| Payments to affiliates | $8,561,319 |
| Depreciation, depletion, and amortization | $279,199 |
| Insurance | $53,369 |
| All other expenses | $298,128 |
| Total functional expenses | $10,309,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,646,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,402 |
| Accounts receivable, net | $67,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,536 |
| Prepaid expenses and deferred charges | $25,235 |
| Net Land, buildings, and equipment | $10,327,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,153,254 |
| Total assets | $14,350,324 |
| Accounts payable and accrued expenses | $326,074 |
| 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 | $12,624,239 |
| Total liabilities | $12,950,313 |
| Net assets without donor restrictions | $879,451 |
| Net assets with donor restrictions | $520,560 |
| 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 | $14,350,324 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Airpower Heritage Museum Inc has recieved totaling $255,555.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: CONSTRUCTION | $250,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $5,555 |
Endowment Analysis
| Beg. Balance | $1 |
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 |