Heritage In Flight Museum Inc
- Assets
- $147.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, IL
- Founding
- 05/1983
- Data as of
- 12/2021
- 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 12/2021, Heritage In Flight Museum Inc generated $26.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $19.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
HERITAGE IN FLIGHT MUSEUM HAS 60 MEMBERS. DUES ARE $30.00 PER YEAR. BENEFITS INCLUDE NEWSLETTERS, EDUCATIONAL MEETINGS, AND THE OPPORTUNITY TO WORK HANDS-ON WITH VINTAGE AIRCRAFT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Kidd President | 8 | $0 | |
Barry Miller Vice President | 6 | $0 | |
Arthur Williams Secretay Treasurer | 8 | $0 | |
Ed Baker Director | 4 | $0 | |
Rick Smith Director | 4 | $0 | |
Tom Wachtel Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,506 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,385 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,226 |
| Total Revenue | $26,128 |
| 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 | $4,425 |
| Occupancy, rent, utilities, and maintenance | $6,097 |
| Printing, publications, postage, and shipping | $164 |
| Other expenses | $8,838 |
| Total expenses | $19,624 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,252 |
| Other assets | $0 |
| Total assets | $147,450 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |