Cavanaugh Flight Museum
- Assets
- $2.9m
- Revenue
- -$123.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Addison, TX
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 75-3088417
Organization Overview
Cavanaugh Flight Museum is located in Addison, TX. The organization was established in 2005. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cavanaugh Flight Museum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cavanaugh Flight Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ORGANIZATION DEVOTED TO PROMOTING AVIATION STUDIES AND PERPETUATING AMERICAS AVIATION HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, OVER 20,000 VISITORS VIEWED THE ON SITE EXHIBITS OF RARE MILITARY AIRCRAFT LOCATED AT THE MUSEUM. THE MUSEUM ALSO PARTICIPATED IN 23 EVENTS WHEREIN ANTIQUE AIRCRAFT AND/OR HISTORIC MILITARY VEHICLES WERE DEMONSTRATED AND ON DISPLAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Smith Director | OfficerTrustee | 5 | $0 |
James A Cavanaugh Jr President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,623 |
| Total Program Service Revenue | $270,316 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$549,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$123,262 |
| 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 | $277,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,707 |
| Payroll taxes | $22,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $20,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,344 |
| Advertising and promotion | $1,056 |
| Office expenses | $10,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $575 |
| Interest | $4,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,540 |
| All other expenses | $118,007 |
| Total functional expenses | $691,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | -$2,119 |
| Prepaid expenses and deferred charges | $1,955 |
| Net Land, buildings, and equipment | $2,351,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,944,970 |
| Accounts payable and accrued expenses | $373,065 |
| 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 | $0 |
| Total liabilities | $373,065 |
| Net assets without donor restrictions | $2,571,905 |
| 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 | $2,944,970 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cavanaugh Flight Museum has recieved totaling $77.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John P Mcgovern Museum Of Health & Medical Science Houston, TX | $24,840,825 | $3,187,281 |
Permian Basin Petroleum Museum Library & Hall Of Fame Midland, TX | $51,276,941 | $3,437,323 |
Science Spectrum Lubbock, TX | $16,170,410 | $1,576,880 |
Don Harrington Discovery Center Foundation Inc Amarillo, TX | $11,557,284 | $2,641,973 |
Samsat San Antonio, TX | $2,066,200 | $1,357,551 |
Tulsa Air And Space Museum Inc Tulsa, OK | $6,390,793 | $1,036,013 |
Cavanaugh Flight Museum Addison, TX | $2,944,970 | -$123,262 |
The International Ufo Museum & Research Center At Roswell New Roswell, NM | $4,411,602 | $479,226 |
Texas Energy Museum Inc Beaumont, TX | $3,862,946 | $575,239 |
International Petroleum Museum And Exposition Inc Morgan City, LA | $895,639 | $136,722 |
Insights-El Paso Science Center Inc El Paso, TX | $282,474 | $199,396 |
Vishal Raju Bhagat Foundation Rockport, TX | $881,850 | $347,531 |