Flying Leatherneck Historical Foundation
- Assets
- $5.3m
- Revenue
- $4.6m
- Investments
- $563.8k
- Employees
- 1
- Location
- San Diego, CA
- Founding
- 05/1994
- Data as of
- 12/2022
- 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. 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 12/2022, Flying Leatherneck Historical Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.1% each year . All expenses for the organization totaled $527.1k during the year ending 12/2022. While expenses have increased by 12.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 | OfficerTrustee | 5 | $0 |
Terry Robling Chairman | OfficerTrustee | 8 | $0 |
Ronald G Ress Vice Chairman | OfficerTrustee | 4 | $0 |
Patrick Gough Vice Chairman | OfficerTrustee | 5 | $0 |
Glen Roquemore Secretary | OfficerTrustee | 6 | $0 |
Dale B Mann Secretary | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,273 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,544,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,574,850 |
| Total Program Service Revenue | $0 |
| Investment income | $27,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,573,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,900 |
| 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 | $53,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,321 |
| Payroll taxes | $3,812 |
| 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 | $5,024 |
| Fees for services: Other | $140,252 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,378 |
| Travel | $3,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,657 |
| Insurance | $2,399 |
| All other expenses | $5,409 |
| Total functional expenses | $527,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,382 |
| Savings and temporary cash investments | $2,136,874 |
| Pledges and grants receivable | $2,477,678 |
| 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 | $3,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $563,783 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,299,284 |
| Accounts payable and accrued expenses | $59,277 |
| 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 | $59,277 |
| Net assets without donor restrictions | $2,968,769 |
| Net assets with donor restrictions | $2,271,238 |
| 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 | $5,299,284 |