Yankee Air Force Incorporated

Organization Overview

Yankee Air Force Incorporated, operating under the name Yankee Air Museum, is located in Belleville, MI. The organization was established in 1982. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Yankee Air Museum employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yankee Air Museum 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, Yankee Air Museum generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 6.8% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

YANKEE AIR FORCE, INC. PRESERVES AND RESTORES AIRCRAFT FOR HISTORICAL AND EDUCATIONAL PURPOSES.

Describe the Organization's Program Activity:

YANKEE AIR FORCE, INC. ACQUIRES, RESTORES, PRESERVES, AND MAINTAINS HISTORIC AIRCRAFT FOR THE BENEFIT OF THE PUBLIC AND TO PROMOTE HISTORIC AWARENESS AND EDUCATION. THIS IS ACCOMPLISHED THROUGH UTILIZATION, DISPLAY AND DEMONSTRATION WITH THE FLYABLE AIRCRAFT. ADDITIONALLY, THE PUBLIC GAINS KNOWLEDGE BY VISITING THE MUSEUM / LIBRARY.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Walsh
Executive Di
$100,000
Les Klima
Controller/c
$94,446
Robert Bovitz
Director
$0
Kelly Burris
Director
$0
Delane Buttacavoli
Director
$0
Karl Couyoumjian
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$126,152
Fundraising events$0
Related organizations$0
Government grants $32,268
All other contributions, gifts, grants, and similar amounts not included above$1,079,769
Noncash contributions included in lines 1a–1f $48,607
Total Revenue from Contributions, Gifts, Grants & Similar$1,238,189
Total Program Service Revenue$2,185,540
Investment income $52,283
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $14,880
Net Gain/Loss on Asset Sales -$43,767
Net Income from Fundraising Events $17,559
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $87,345
Miscellaneous Revenue$0
Total Revenue $3,566,237

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