Tri-Motor Heritage Foundation is located in Port Clinton, OH. The organization was established in 2010. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Tri-Motor Heritage 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, Tri-Motor Heritage Foundation generated $89.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $41.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) 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
CORPORATION IS IN THE PROCESS OF RESTORING A FORD TRI-MOTOR AIRPLANE FOR FUTURE DISPLAY TO THE GENERAL PUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Benjamin Vice Chair | 0.5 | $0 | |
Warren Cermak Board Member | 0.5 | $0 | |
Todd Mather Board Member | 0.5 | $0 | |
Jon Brausch President | 1 | $0 | |
Tom Griffing Treasurer | 0.5 | $0 | |
Doug Moore Curator | 5 | $30,000 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $84,917 |
Total Program Service Revenue | $1,650 |
Membership dues | $0 |
Investment income | $48 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $2,767 |
Other Revenue | $0 |
Total Revenue | $89,382 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $30,000 |
Professional fees and other payments to independent contractors | $3,400 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $7,798 |
Total expenses | $41,198 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $95,068 |
Other assets | $0 |
Total assets | $383,069 |
Total liabilities | $0 |
Net assets or fund balances | $383,069 |