Wings Of The North Inc
- Assets
- $567.5k
- Revenue
- $548.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 41-1899807
Organization Overview
Wings Of The North Inc is located in Eden Prairie, MN. The organization was established in 1998. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Wings Of The North 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, Wings Of The North Inc generated $548.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $418.5k during the year ending 12/2021. While expenses have increased by 3.9% 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
A NON-PROFIT ORGANIZATION DEDICATED TO PRESERVING AND PRESENTING AVIATION HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE PUBLIC ABOUT AVIATION HISTORY. HOLD HISTORIC AIR SHOWEVENT WITH APPROXIMATE ATTENDANCE OF 8,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Krieg Treasurer | OfficerTrustee | 7 | $0 |
Gary Applebaum Vice President | OfficerTrustee | 5 | $0 |
Robert Jasperson President | OfficerTrustee | 25 | $0 |
Steve Bohlig Board Member | OfficerTrustee | 1 | $0 |
John Bormes Board Member | OfficerTrustee | 3 | $0 |
Greg Doeden Board Member | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,608 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,984 |
| Total Program Service Revenue | $242,024 |
| Investment income | $4 |
| 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 | $6,921 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $277 |
| Fees for services: Accounting | $1,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,346 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,730 |
| Travel | $802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,515 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,872 |
| Insurance | $6,689 |
| All other expenses | $47,559 |
| Total functional expenses | $418,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,962 |
| Inventories for sale or use | $13,906 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $145,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,430 |
| Total assets | $567,459 |
| Accounts payable and accrued expenses | $0 |
| 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 | $111,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111,034 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $456,425 |
| Total liabilities and net assets/fund balances | $567,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wings Of The North Inc has recieved totaling $25,700.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $25,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Franklin County Fair Foundation Hampton, IA | $108,954 | $446,222 |
Wisconsin Vietnam Veterans Memorial Project Inc Neillsville, WI | $4,698,350 | $1,226,254 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Burlington Riverfront Entertainment Burlington, IA | $130,152 | $703,143 |