Air Force Heritage Flight Foundation
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-4341345
Organization Overview
Air Force Heritage Flight Foundation is located in Houston, TX. The organization was established in 2011. 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. Air Force Heritage Flight 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, Air Force Heritage Flight Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $891.7k during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 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.
Since 2018, Air Force Heritage Flight Foundation has awarded 11 individual grants totaling $367,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIR FORCE HERITAGE FLIGHT SHOWS: PROVIDE AND SAFELY ORCHESTRATE 50 - 70 HERITAGE FLIGHT PERFORMANCES ANNUALLY.
AIR FORCE HERITAGE FLIGHT TRAINING CONFERENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dan Friedkin Director, Chairman And President | 0.5 | $0 | |
Eric F Williamson Director And Vice President | 0.5 | $0 | |
Joshua R Holm Director | 0.1 | $0 | |
Sandra Sena Treasurer | 0.25 | $0 | |
Paige B Larrabee Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $859,721 |
| Total operating and administrative expenses | $891,683 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $891,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,173,082 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,173,082 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Air Force Heritage Flight Foundation has awarded $169,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAVANAUGH FLIGHT MUSEUM PURPOSE: AIRSHOW DONATIONS | $15,000 |
PLANES OF FAME AIR MUSEUM PURPOSE: AIRSHOW DONATIONS | $120,000 |
WARBIRD HERITAGE FOUNDATION PURPOSE: AIRSHOW DONATIONS | $24,000 |
HERITAGE FLIGHT MUSEUM PURPOSE: AIRSHOW DONATIONS | $5,000 |
PIKES PEAK REGIONAL AIR SHOW INC PURPOSE: AIRSHOW DONATIONS | $5,000 |