Eagles Mere Air Museum Foundation
- Assets
- $1.0m
- Revenue
- $605.5k
- Investments
- $378.4k
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 07/2014
- Data as of
- 10/2023
- EIN
- 46-1474182
Organization Overview
Eagles Mere Air Museum Foundation is located in Boca Grande, FL. The organization was established in 2014. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Eagles Mere Air Museum Foundation 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 10/2023, Eagles Mere Air Museum Foundation generated $605.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $132.1k during the year ending 10/2023. While expenses have increased by 15.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AIR MUSEUM. AIRPLANES AND AIRPLANE ENGINES ARE MAINATINED AND DISPLAYED FOR PUBLIC ENJOYMENT.
DONATIONS TO ORGANIZATIONS TO PROMOTE PROGRAMS FOR UTILIZATION OF AIR MUSEUM
PURCHASE OF ENGINE FOR DISPLAY AS PART OF MISSION OF AIR MUSEUM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $540,033 |
| Capital Gain Net Income | $540,033 |
| Net ST Capital Gain | $17,426 |
| Income Modifications | $29,000 |
| Profit on Inventory Sales | -$3,046 |
| Other Income | $16,437 |
| Total Revenue | $605,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $41,209 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,874 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,118 |
| Total operating and administrative expenses | $90,901 |
| Contributions, gifts, grants paid | $41,236 |
| Total expenses and disbursements | $132,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,816 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $565 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $12,276 |
| Other assets | $491,708 |
| Total assets | $1,008,719 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Eagles Mere Air Museum Foundation has awarded $41,236 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLES MERE FIRE COMPANY PURPOSE: GENERAL SUPPORT | $5,000 |
LAPORTE FIRE COMPANY PURPOSE: GENERAL SUPPORT | $5,000 |
SULLIVAN COUNTY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $31,236 |