Flying Leatherneck Historical Foundation
- Assets
- $1.3m
- Revenue
- $507.0k
- Investments
- $636.7k
- Employees
- 3
- Location
- San Diego, CA
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 33-0345440
Organization Overview
Flying Leatherneck Historical Foundation is located in San Diego, CA. The organization was established in 1994. 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 12/2021, Flying Leatherneck Historical Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flying Leatherneck Historical 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 12/2021, Flying Leatherneck Historical Foundation generated $507.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $421.3k during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THE MARINE CORPS AVIATION MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE FLYING LEATHERNECK AVIATION MUSEUM WHICH HAS 48 MARINE CORPS AIRCRAFT OF A HISTORICAL NATURE. MOST AIRCRAFT ARE ON DISPLAY TO THE GENERAL PUBLIC AT NO CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor E Bianchini Chairman Emeritus | OfficerTrustee | 3 | $0 |
Ronald G Ress Vice Chairman | OfficerTrustee | 3 | $0 |
Francis M Wifler Secretary | OfficerTrustee | 2 | $0 |
Lou Smith Director | Trustee | 1 | $0 |
Joseph Bassi Director | Trustee | 1 | $0 |
Patricia K Laubach Programs | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $260 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $506,163 |
| Total Program Service Revenue | $0 |
| Investment income | $16,338 |
| 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 | -$15,510 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $506,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,100 |
| 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 | $77,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,330 |
| Payroll taxes | $6,424 |
| 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 | $20,259 |
| Advertising and promotion | $2,992 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,505 |
| Insurance | $2,493 |
| All other expenses | $21,159 |
| Total functional expenses | $421,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $363,027 |
| Pledges and grants receivable | $250,000 |
| 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 | $1,199 |
| Net Land, buildings, and equipment | $5,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $636,669 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,255,920 |
| Accounts payable and accrued expenses | $13,558 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,558 |
| Net assets without donor restrictions | $824,986 |
| Net assets with donor restrictions | $417,376 |
| 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 | $1,255,920 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Flying Leatherneck Historical Foundation has recieved totaling $10,029.
| Awarding Organization | Amount |
|---|---|
Meyer Charitable Foundation Champaign, IL PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Nancy And Geoffrey Stack Family Foundation Newport Beach, CA PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry E Huntington Library & Art Gallery San Marino, CA | $965,906,123 | $108,580,757 |
Simon Wiesenthal Center Inc Los Angeles, CA | $83,162,323 | $27,772,617 |
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Computer History Museum Mountain View, CA | $71,401,475 | $10,596,016 |
Bishop Museum Honolulu, HI | $80,582,452 | $14,106,624 |
Foundation Of The American Academy Of Ophthalmology San Francisco, CA | $169,457,779 | $13,944,505 |
Walt Disney Family Museum San Francisco, CA | $56,560,090 | $13,004,601 |
Contemporary Jewish Museum San Francisco, CA | $89,973,935 | $6,215,554 |
Wjo Foundation Los Angeles, CA | $40,838,683 | $19,917,813 |
Council On American-Islamic Relations California Anaheim, CA | $15,557,872 | $7,778,802 |
Pacific Battleship Center San Pedro, CA | $7,123,238 | $6,518,959 |
Swc Museum Corp Los Angeles, CA | $185,291,567 | $7,296,634 |