Flagship Detroit Foundation
- Assets
- $431.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shelbyville, TN
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-0937050
Organization Overview
Flagship Detroit Foundation is located in Shelbyville, TN. The organization was established in 2005. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Flagship Detroit Foundation 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, Flagship Detroit Foundation generated $107.9k 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 (4.1%) each year. All expenses for the organization totaled $68.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DEMONSTRATIONS WITH THE PLANE, ALSO, DEMONSTRATIONS ABOUT THE PLANE; TO EDUCATE AND PROMOTE THE HISTORY OF AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dennis Executive Di | 0 | $0 | |
Rick Owens President | 0 | $0 | |
David Buffington Board Member | 0 | $0 | |
David Gorrell Secretary-Tr | 0 | $0 | |
Jim Gentry Dir. Of Main | 0 | $0 | |
Tom Taff Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,129 |
| Total Program Service Revenue | $21,000 |
| Membership dues | $44,274 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,375 |
| Total Revenue | $107,926 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,420 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $453 |
| Other expenses | $65,885 |
| Total expenses | $68,758 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $261,036 |
| Other assets | $0 |
| Total assets | $431,289 |
| Total liabilities | $0 |
| Net assets or fund balances | $431,289 |