Docs Friends Inc
- Assets
- $10.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-4367414
Organization Overview
Docs Friends Inc is located in Wichita, KS. The organization was established in 2012. 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. Docs Friends 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, Docs Friends Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
TO ACQUIRE, RESTORE, AND DISPLAY HISTORIC AIRCRAFT PARTICULARLY THOSE OF SIGNIFICANCE TO THE WICHITA, KS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION OF THE B-29 AIRCRAFT NAMED " DOC".
DISPLAY AT AIRSHOWS, OFFER FLIGHT RIDES, HOST PUBLIC TOURS AND ONBOARD EDUCATION ON THE B-29 AIRCRAFT "DOC", AS WELL AS SUPPORT A HANGAR MUSEUM AND LEARNING CENTER.
RESTORATION OF AIRPLANE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Frey Director | Trustee | 0.5 | $0 |
Brad Gorsuch Director | Trustee | 0.5 | $0 |
Tony Mazzolini Director | Trustee | 0.5 | $0 |
Jim Murphy Director | Trustee | 0.5 | $0 |
Lynn Nichols Treasurer | Trustee | 1 | $0 |
Mark Paolucci Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $569,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,009 |
| Total Program Service Revenue | $762,566 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,472,500 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,321 |
| Advertising and promotion | $27,772 |
| Office expenses | $7,577 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,226 |
| Travel | $137,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,982 |
| Insurance | $64,477 |
| All other expenses | $182,090 |
| Total functional expenses | $1,590,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,366,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,768 |
| Prepaid expenses and deferred charges | $5,544 |
| Net Land, buildings, and equipment | $5,585,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,754,864 |
| Total assets | $10,795,174 |
| Accounts payable and accrued expenses | $20,470 |
| 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 | $187,675 |
| Total liabilities | $208,145 |
| Net assets without donor restrictions | $10,587,029 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,795,174 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Docs Friends Inc has recieved totaling $42,053.
| Awarding Organization | Amount |
|---|---|
Wsu Tech Foundation Wichita, KS PURPOSE: PROGRAM SUPPORT | $41,798 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Historicorps Morrison, CO | $763,649 | $2,724,151 |
Breckenridge Heritage Alliance Breckenridge, CO | $410,741 | $1,870,667 |
Docs Friends Inc Wichita, KS | $10,795,174 | $1,472,500 |
Norwood Hills Country Club Preservation Foundation Saint Louis, MO | $27,533 | $139,686 |
Freedoms Frontier National Heritage Area Inc Lawrence, KS | $186,833 | $1,011,991 |
Lincoln Hills Cares Denver, CO | $500,989 | $1,196,039 |
Kansas State Historical Society Topeka, KS | $9,147,966 | $2,185,552 |
Mcpherson Opera House Company Mcpherson, KS | $5,777,135 | $615,023 |