Valiant Air Command Inc
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Titusville, FL
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 59-1773787
Organization Overview
Valiant Air Command Inc is located in Titusville, FL. The organization was established in 1980. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Valiant Air Command Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valiant Air Command 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 12/2023, Valiant Air Command Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $866.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKE GENERAL PUBLIC AWARE OF MILITARY AND CIVILIAN HERITAGE THROUGH AIR SHOWS, MUSEUM, AND RESTORATION OF VINTAGE AIRCRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONCE A YEAR AVIATION SHOW IS PUT ON FOR THE PUBLIC.
THIS IS THE MUSEUM, FACILITY AND RESTORATION FOR NONPROFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irving Bob Boswell Director | Trustee | $0 | |
Norman Daniels Director | OfficerTrustee | $0 | |
Richard Jones Director | Trustee | $0 | |
Marvin Juhl Director | Trustee | $0 | |
Leigh Lewis Director | Trustee | $0 | |
Terry Rush Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,772 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,693 |
| Total Program Service Revenue | $93,467 |
| Investment income | $262 |
| 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 | $4,980 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,603 |
| 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 | $29,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,502 |
| Advertising and promotion | $100,047 |
| Office expenses | $29,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $199,255 |
| Travel | $1,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,149 |
| Insurance | $108,706 |
| All other expenses | $21,518 |
| Total functional expenses | $866,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,842,289 |
| 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 | $79,374 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $959,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $623 |
| Total assets | $2,881,824 |
| Accounts payable and accrued expenses | $7,892 |
| 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 | $465,628 |
| Total liabilities | $473,520 |
| Net assets without donor restrictions | $2,408,304 |
| 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 | $2,881,824 |