Chennault International Airshow Inc
- Assets
- $165.0k
- Revenue
- $148.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-1730060
Organization Overview
Chennault International Airshow Inc is located in Lake Charles, LA. The organization was established in 2013. According to its NTEE Classification (A27) the organization is classified as: Community Celebrations, 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. Chennault International Airshow Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EDUCATION, INTEREST, AND KNOWLEDGE OF THE GENERAL PUBLIC IN ALL AREAS OF AVIATION, INCLUDING, BUT NOT LIMITED TO MILITARY AND CIVILIAN AVIATION, AVIATION TECHNOLOGY, TYPES OF AIRCRAFT, AIRCRAFT PERFORMANCE AND CAPABILITY, AIRSHOW ACTS, AIRCRAFT ADMINISTRATIONS, STATIC DISPLAYS OF AIRCRAFT AND RELATED MILITARY AND CIVILIAN EQUIPMENT, PRIMARILY THROUGH AN BIENNIAL AIRSHOW TO BE CARRIED OUT AT CHENNAULT INTERNATIONAL AIRPORT, WHICH BEARS THE NAME OF THE LATE GENERAL CLAIRE CHENNAULT, LEADER OF THE VOLUNTEER FORCE OF AMERICANS KNOWN AS THE FLYING TIGERS PRIOR TO WORLD WAR II; AND TO CELEBRATE THE AREAS RICH AVIATION HERITAGE BY STAGING A PREMIER PUBLIC EVENT THAT SHOWCASES AIRCRAFT AND RELATED SERVICES, PROMOTES TOURISM, AND THANKS THE COMMUNITY FOR ITS SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIRSHOW WAS SUCCESSFULLY COMPLETED IN JUNE, 2021. PRELIMINARY WORK IS IN PROCESS FOR AIRSHOW TO BE PRODUCED IN MAY, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Beard President | OfficerTrustee | $0 | |
Molly Lecronier Vice Preside | OfficerTrustee | $0 | |
Tommy Little Secretary | OfficerTrustee | $0 | |
Larry Rewerts Treasurer | OfficerTrustee | $0 | |
W Kevin Melton Director | Trustee | $0 | |
Karen Wade Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $380,900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,900 |
| Total Program Service Revenue | $0 |
| 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 | -$232,684 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,216 |
| 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 | $6,000 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,202 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,952 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $164,952 |
| 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 | $164,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neches River Festival Inc Beaumont, TX | $146,515 | $490,132 |
Groupmuse Foundation Inc Houston, TX | $30,070 | $0 |
Trf Association Inc Winnie, TX | $5,006 | $0 |
Bogalusa Blues And Heritage Festival Bogalusa, LA | $8,970 | $0 |
Chennault International Airshow Inc Lake Charles, LA | $164,952 | $148,216 |