Aviation Heritage Park Inc
- Assets
- $2.9m
- Revenue
- $633.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Bowling Green, KY
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-2189926
Organization Overview
Aviation Heritage Park Inc is located in Bowling Green, KY. The organization was established in 2005. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, 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. Aviation Heritage Park 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 12/2022, Aviation Heritage Park Inc generated $633.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $80.0k during the year ending 12/2022. While expenses have increased by 5.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION OF AUTHENTIC AIRCRAFT TO HIGHLIGHT BOWLING GREEN & SOUTH CENTRAL KENTUCKY'S RICH AVAIATION HERITAGE, MEMORIALIZE ALL OF THE AREA'S AVIATORS, AND TO SERVE AS AN EDUCATIONAL TOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION OF AUTHENTIC AIRCRAFT TO HIGHLIGHT BOWLING GREEN & SOUTH CENTRAL KENTUCKY'S RICH AVIATION HERITAGE, MEMORIALIZE ALL OF THE AREA'S AVIATORS, AND TO SERVE AS AN EDUCATION TOOL.
RESTORATION OF AUTHENTIC AIRCRAFT TO HIGHLIGHT BOWLING GREEN & SOUTH CENTRAL KENTUCKY'S RICH AVIATION HERITAGE, MEMORIALIZE ALL OF THE AREAS AVIATORS, AND TO SERVE AS AN EDUCATIONAL TOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Bailey Director | Trustee | $0 | |
Larry Beam Director | Trustee | $0 | |
Bonnie Berman Director | Trustee | $0 | |
Ray Buckberry Director | Trustee | $0 | |
Kris Bucy Director | Trustee | $0 | |
Dan Cherry Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,102 |
| Related organizations | $0 |
| Government grants | $220,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $366,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,123 |
| Total Program Service Revenue | $0 |
| Investment income | $608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,964 |
| 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 | $25,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,426 |
| Office expenses | $4,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,969 |
| Travel | $215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,971 |
| Insurance | $638 |
| All other expenses | $1,346 |
| Total functional expenses | $79,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $314,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,000 |
| Intangible assets | $0 |
| Other assets | $2,240,855 |
| Total assets | $2,886,891 |
| Accounts payable and accrued expenses | $0 |
| 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 | $593,326 |
| Other liabilities | $1,287 |
| Total liabilities | $594,613 |
| Net assets without donor restrictions | $2,292,278 |
| 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 | $2,886,891 |