Flying Machine & Horseless Carriage Museum
- Assets
- $713.1k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-1558536
Organization Overview
Flying Machine & Horseless Carriage Museum is located in Richmond, TX. The organization was established in 2017. According to its NTEE Classification (A54) the organization is classified as: History Museums, 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. Flying Machine & Horseless Carriage Museum 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, Flying Machine & Horseless Carriage Museum generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $15.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 6 years. 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 Mission:
Part 3 - Line 1
TO PROVIDE A MUSEUM OF VINTAGE AUTOMOBILES AND AIRPLANES TO DISPLAY TO THE PUBLIC TO INCREASE KNOWLEDGE OF THE HISTORY OF AUTOMOBILES AND AIRPLANES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE NO PROGRAM SERVICE ACCOMPLISHMENTS
THERE WERE NO PROGRAM SERVICE ACCOMPLISHMENTS
THERE WERE NO PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Haag Director | 20 | $0 | |
Lisa Haag Director | 10 | $0 | |
Suzanne Inkley Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $45 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $15,582 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,582 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,121 |
| Savings and temporary cash investments | $150,045 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $531,912 |
| Other assets | $0 |
| Total assets | $713,078 |
| 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 |