Lone Star Flight Museum
- Assets
- $40.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Houston, TX
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 76-0213778
Organization Overview
Lone Star Flight Museum is located in Houston, TX. The organization was established in 1987. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lone Star Flight Museum employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lone Star 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.
For the year ending 12/2021, Lone Star Flight Museum generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 14.6% 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
THE MISSION OF THE LONE STAR FLIGHT MUSEUM (LSFM) IS TO CELEBRATE FLIGHT AND ACHIEVEMENTS IN TEXAS AVIATION HISTORY AND TO ENGAGE OUR YOUTH THROUGH SCIENCE, ENGINEERING, TECHNOLOGY, AND MATH (STEM). OUR VISION IS TO BE A DYNAMIC AND INTERACTIVE EDUCATIONAL MUSEUM REACHING THE YOUTH OF TEXAS AS A RECOGNIZED EXPERIENCE OF CHOICE. WE BELIEVE AVIATION INSPIRES ACHIEVEMENT AND ENDLESS POSSIBILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPERATIONS - THE LSFM COLLECTION HAS MORE THAN 5,000 ARTIFACTS, 80 LINEAR FEET OF ARCHIVES, 2,000 PHOTOGRAPHS, 2,000 BOOKS IN THE RESEARCH LIBRARY, AND 24 AIRCRAFT ON DISPLAY WITH HIGHLIGHTED STEM FACTS. THE TEXAS AVIATION HALL OF FAME, WHICH INCLUDES THREE U.S. PRESIDENTS, EMBODIES LESSONS IN CHARACTER AND ACHIEVEMENT.
FLIGHT PROGRAM - GUESTS HAVE THE OPPORTUNITY TO MEET THE PILOTS AND CREW CHIEFS AND FLY IN ONE OF THE MUSEUM'S HISTORIC PLANES AND HAVE THE ACTUAL EXPERIENCE OF HOW SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) COMBINE TO ENABLE FLIGHT.
EDUCATION - THE LONE STAR FLIGHT MUSEUM COMBINES A COMPREHENSIVE EDUCATION PROGRAM WITH AN IMMERSIVE AVIATION EXPERIENCE TO INSPIRE YOUNG PEOPLE TOWARD THE STUDY OF STEM DISCIPLINES. LSFM OFFERS THE OPPORTUNITY TO UNDERSTAND TEXAS' AVIATION HISTORY THROUGH THE EVOLUTION OF SCIENCE WITH EXPERIENTIAL LEARNING OPPORTUNITIES TO EXCITE AND EMPOWER YOUTH TOWARD FUTURES OF PROMISE AND PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas H Owens President & CEO | Officer | 40 | $288,652 |
Chris Richardson COO | Officer | 40 | $155,670 |
Anna Hawley Cmo | Officer | 40 | $132,573 |
Dallas W Bean Controller/secretary (as Of 03/21) | Officer | 40 | $52,826 |
Connie Tuthill Cfo/secretary (thru 03/21) | Officer | 40 | $27,652 |
Anthony W Hall Jr Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Kitchen Llc Caterer-catered The Gala | 12/30/18 | $112,314 |
David E Harvey Builders General Contractor Ellington Building | 12/30/18 | $726,074 |
Tech3 Business Systems Llc It Consultants | 12/30/18 | $102,993 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $84,905 |
| Fundraising events | $486,469 |
| Related organizations | $0 |
| Government grants | $1,229,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,550,161 |
| Noncash contributions included in lines 1a–1f | $742,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,350,693 |
| Total Program Service Revenue | $460,317 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $172,674 |
| Net Gain/Loss on Asset Sales | -$9,498 |
| Net Income from Fundraising Events | -$60,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $144,352 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,057,590 |
| 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. | $671,485 |
| Compensation of current officers, directors, key employees. | $133,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,734 |
| Payroll taxes | $114,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $96,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,123 |
| Advertising and promotion | $88,764 |
| Office expenses | $95,354 |
| Information technology | $116,872 |
| Royalties | $0 |
| Occupancy | $285,077 |
| Travel | $225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,182 |
| Interest | $259,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,599,682 |
| Insurance | $232,632 |
| All other expenses | $0 |
| Total functional expenses | $4,772,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,123,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $170,000 |
| Accounts receivable, net | $208,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $99,225 |
| Prepaid expenses and deferred charges | $58,973 |
| Net Land, buildings, and equipment | $30,562,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,587,125 |
| Total assets | $40,810,370 |
| Accounts payable and accrued expenses | $365,515 |
| Grants payable | $0 |
| Deferred revenue | $193,811 |
| 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 | $8,944,187 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $455,672 |
| Total liabilities | $9,959,185 |
| Net assets without donor restrictions | $29,275,250 |
| Net assets with donor restrictions | $1,575,935 |
| 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 | $40,810,370 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Lone Star Flight Museum has recieved totaling $788,555.
| Awarding Organization | Amount |
|---|---|
Waltrip-Mcgee Foundation Houston, TX PURPOSE: GENERAL OPERATING | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $100,500 |
The Cullen Foundation Houston, TX PURPOSE: STEM EDUCATION PROGRAM | $100,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $76,250 |
James C And Teresa K Day Foundation Sugar Land, TX PURPOSE: GENERAL SUPPORT | $75,000 |
West Endowment Houston, TX PURPOSE: GENERAL PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Holocaust Museum Dallas, TX | $66,648,208 | $7,378,894 |
Alamo Trust Inc San Antonio, TX | $7,473,583 | $9,052,846 |
Lone Star Flight Museum Houston, TX | $40,810,370 | $4,057,590 |
Dallas County Historical Foundation Dallas, TX | $11,613,862 | $4,636,701 |
Bryan Texana Foundation Houston, TX | $8,461,183 | $2,408,537 |
Port Terminal Railroad Association Employee Benefit Plan Houston, TX | $666,713 | $3,214,049 |
Museum Of South Texas History Edinburg, TX | $13,050,416 | $3,078,245 |
National Atomic Museum Foundation Albuquerque, NM | $7,001,482 | $2,166,618 |
National Wasp Wwii Museum Inc Sweetwater, TX | $6,526,024 | $2,354,607 |
Fort Bend History Association Richmond, TX | $2,253,912 | $1,581,354 |
Panhandle-Plains Historical Society Canyon, TX | $16,000,249 | $2,121,798 |
International Longshoremens Association Houston, TX | $2,403,421 | $2,322,515 |