Houston Aeronautical Heritage Society Inc
- Assets
- $93.8k
- Revenue
- $207.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 76-0612294
Organization Overview
Houston Aeronautical Heritage Society Inc, operating under the name 1940 Air Terminal Museum, is located in Houston, TX. The organization was established in 2000. 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 12/2022, 1940 Air Terminal Museum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1940 Air Terminal 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 12/2022, 1940 Air Terminal Museum generated $207.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $321.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH, PROMOTE, AND PRESERVE THE AERONAUTICAL HERITAGE OF HOUSTON AND SOUTHEAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 1940 AIR TERMINAL IS DEMONSTRATING THE IMPACT OF AVIATION ON HOUSTON'S HISTORY AND ECONOMIC DEVELOPMENT THROUGH THE PRISM OF ARCHITECTURAL BEAUTY AND STRIVES TO BE A SPACE WHERE ALL CAN ENJOY A MULTITUDE OF INTERESTS SUCH AS AVIATION, ART, ARCHITECTURE, HISTORY AND CULTURE. OPERATING THE 1940 AIR TERMINAL MUSEUM LOCATED ON THE WEST RAMP OF THE WILLIAM P. HOBBY AIRPORT. THE MUSEUM COMPRISES SEVERAL GALLERIES CONTAINING AVIATION MEMORABILIA AND THE 1928 CARTER AIRMAIL HANGAR.
THE HOUSTON AERONAUTICAL HERITAGE SOCIETY IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF THE 1940 AIR TERMINAL MUSEUM AND ACHIEVES THIS THROUGH A DEDICATED ALL VOLUNTEER BOARD OF DIRECTORS ALONG WITH 2 STAFF MEMBERS AND AN INCREDIBLE TEAM OF MUSEUM VOLUNTEERS ENSURING ALL GUESTS HAVE A WONDERFUL EXPERIENCE.
THE 1940 AIR TERMINAL MUSEUM AT HOBBY AIRPORT CELEBRATES THE ART DECO AIR TERMINAL TURNING 80 YEARS OLD ON SEPTEMBER 28, 2020. OPENED ON SEPTEMBER 28, 1940, THE AIR TERMINAL, DESIGNED BY ARCHITECT JOSEPH FINGER, SERVED AS THE ADMINISTRATION BUILDING FOR THE AIRPORT AND SUPPORTED AIRLINE OPERATIONS AND AIR TRAFFIC CONTROL FUNCTIONS. THE FIRST AIRLINE TENANTS WERE EASTERN AIRLINES AND BRANIFF AIRWAYS. IN A FEW SHORT YEARS AIR TRAVEL GREW EXPONENTIALLY, AND THE TERMINAL CEASED AIRLINE OPERATIONS IN 1956. THE BUILDING WAS COMPLETELY ABANDONED BY 1978 AND WAS LEFT VACANT UNTIL ITS RESURGENCE AS THE 1940 AIR TERMINAL MUSEUM IN 2004.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Nicolaou President | OfficerTrustee | 2 | $0 |
Curt Littlejohn Chairman | Trustee | 2 | $0 |
Bernard Morris Director | Trustee | 5 | $0 |
Marie Wilkinson Secretary | OfficerTrustee | 2 | $0 |
George Haines Director | Trustee | 20 | $16,308 |
Blair Mcfarlain Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,704 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,262 |
| Total Program Service Revenue | $25,892 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $11,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,117 |
| 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. | $68,231 |
| Compensation of current officers, directors, key employees. | $51,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,335 |
| Payroll taxes | $5,220 |
| Fees for services: Management | $36,189 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $708 |
| Advertising and promotion | $10,436 |
| Office expenses | $3,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,522 |
| Travel | $8 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35 |
| Interest | $937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,825 |
| Insurance | $25,830 |
| All other expenses | $775 |
| Total functional expenses | $321,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,915 |
| Prepaid expenses and deferred charges | $1,501 |
| Net Land, buildings, and equipment | $59,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,809 |
| Accounts payable and accrued expenses | $17,507 |
| 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 | $2,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $31,781 |
| Other liabilities | $0 |
| Total liabilities | $51,288 |
| Net assets without donor restrictions | $11,909 |
| Net assets with donor restrictions | $30,612 |
| 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 | $93,809 |