Heritage In Flight Museum Inc
- Assets
- $145.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, IL
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 37-1104359
Organization Overview
Heritage In Flight Museum Inc is located in Lincoln, IL. The organization was established in 1983. 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. Heritage In Flight Museum 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, Heritage In Flight Museum Inc generated $18.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $20.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 4 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
SENDING NEWSLETTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Kidd President | 8 | $0 | |
Barry Miller Vice President | 6 | $0 | |
Arthur Williams Secretary/treasurer | 8 | $0 | |
Ed Baker Director | 4 | $0 | |
John Grimsley Director | 4 | $0 | |
Fred Leibach Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,153 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,720 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,830 |
| Other Revenue | $8,849 |
| Total Revenue | $18,562 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $100 |
| Professional fees and other payments to independent contractors | $2,320 |
| Occupancy, rent, utilities, and maintenance | $7,487 |
| Printing, publications, postage, and shipping | $130 |
| Other expenses | $10,665 |
| Total expenses | $20,702 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,112 |
| Other assets | $0 |
| Total assets | $145,310 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,310 |