No 1 British Flying Training School Museum Inc
- Assets
- $572.9k
- Revenue
- $276.1k
- Investments
- $249.1k
- Employees
- 2
- Location
- Terrell, TX
- Founding
- 12/1998
- Data as of
- 09/2021
- EIN
- 75-2541836
Organization Overview
No 1 British Flying Training School Museum Inc is located in Terrell, TX. The organization was established in 1998. 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 09/2021, No 1 British Flying Training School Museum Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. No 1 British Flying Training School 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 09/2021, No 1 British Flying Training School Museum Inc generated $276.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $177.3k during the year ending 09/2021. While expenses have increased by 13.9% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MAINTAINS A MUSEUM AT 119 SILENT WINGS BLVD, TERRELL TX 75160, WHICH IS OPEN TO THE PUBLIC FROM 10 A.M. TO 4 P.M. CT ON EACH WEDNESDAY, THURSDAY, FRIDAY, AND SATURDAY.
Describe the Organization's Program Activity:
MUSEUM OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Huthmacher Chairperson | OfficerTrustee | 30 | $0 |
Raymond Sparks Vice Chair | OfficerTrustee | 5 | $0 |
Raenell Davis Treasurer | OfficerTrustee | 15 | $0 |
Barry Walston Secretary | OfficerTrustee | 5 | $0 |
Pavel Finnegan Director | Trustee | 5 | $0 |
Mike Siemann Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,690 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,197 |
| Noncash contributions included in lines 1a–1f | $6,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,873 |
| Total Program Service Revenue | $0 |
| Investment income | $888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,518 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,213 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,066 |
| 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 | $44,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79 |
| Fees for services: Accounting | $21,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,912 |
| Advertising and promotion | $22,842 |
| Office expenses | $10,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,034 |
| Travel | $528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,268 |
| Insurance | $335 |
| All other expenses | $4,150 |
| Total functional expenses | $177,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,807 |
| Prepaid expenses and deferred charges | $3,094 |
| Net Land, buildings, and equipment | $56,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $249,064 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,118 |
| Total assets | $572,885 |
| Accounts payable and accrued expenses | $40,813 |
| 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 | $108 |
| Total liabilities | $40,921 |
| Net assets without donor restrictions | $487,539 |
| Net assets with donor restrictions | $44,425 |
| 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 | $572,885 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that No 1 British Flying Training School Museum Inc has recieved totaling $4,228.
| Awarding Organization | Amount |
|---|---|
The Summerfield G Roberts Foundation Dallas, TX PURPOSE: EXHIBIT IMPROVEMENTS, | $4,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
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 |