Flight Test Historical Foundation
- Assets
- $4.1m
- Revenue
- $513.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Edwards, CA
- Founding
- 07/1983
- Data as of
- 09/2023
- EIN
- 77-0003353
Organization Overview
Flight Test Historical Foundation is located in Edwards, CA. The organization was established in 1983. 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 09/2023, Flight Test Historical Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flight Test Historical 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 09/2023, Flight Test Historical Foundation generated $513.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $294.1k during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FLIGHT TEST HISTORICAL FOUNDATION IS TO RAISE FUNDS TO SUPPORT THE DEVELOPMENT OF THE AIR FORCE FLIGHT TEST CENTER (AFFTC) MUSEUM AT EDWARDS AFB, CALIFORNIA AND THE MUSEUM'S BLACKBIRD AIRPARK ANNEX AT USAF PLANT 42 IN NEARBY PALMDALE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED AND REFURBISHED AIRPLANES FLOWN AT EDWARDS AFB AND PROVIDED SUPPORT TO A MUSEUM DEDICATED TO AIRCRAFT. ALSO, CONTINUED WORK ON THE CONSTRUCTION OF A NEW MUSEUM FACILITY FOR THE PURPOSES OF DONATING TO THE AIR FORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Brown General Manager | Officer | 40 | $66,200 |
Art Thompson Chairman | OfficerTrustee | 2 | $0 |
Wanda Killian Treasurer | OfficerTrustee | 4 | $0 |
Rex Moen Parliamentarian | OfficerTrustee | 2 | $0 |
Angella Raisian Corr Secretary | OfficerTrustee | 2 | $0 |
Christina Preston Rec Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Visions Construction Management Construction Mgmt | 9/29/20 | $118,380 |
Toneman Development Co Design Consultants/eng Sv | 9/29/20 | $585,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,870 |
| Fundraising events | $31,225 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,543 |
| Total Program Service Revenue | $0 |
| Investment income | $656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,777 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,015 |
| Payroll taxes | $9,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,346 |
| Advertising and promotion | $14,582 |
| Office expenses | $15,298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,829 |
| Insurance | $7,828 |
| All other expenses | $7 |
| Total functional expenses | $294,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,252 |
| Savings and temporary cash investments | $6,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,098 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,119 |
| Prepaid expenses and deferred charges | $5,555 |
| Net Land, buildings, and equipment | $61,005 |
| Investments—publicly traded securities | $648 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,408,146 |
| Total assets | $4,116,010 |
| Accounts payable and accrued expenses | $8,864 |
| Grants payable | $0 |
| Deferred revenue | $81,537 |
| 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 | $3,573 |
| Total liabilities | $93,974 |
| Net assets without donor restrictions | $1,142,992 |
| Net assets with donor restrictions | $2,879,044 |
| 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 | $4,116,010 |