Kc Air Show Charities Inc
- Assets
- $330.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 82-5365071
Organization Overview
Kc Air Show Charities Inc is located in Kansas City, MO. The organization was established in 2018. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kc Air Show Charities 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 12/2021, Kc Air Show Charities Inc generated $1.5m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SPONSORING OF PUBLIC AIRSHOWS UNDER REGULATIONS AS SET FORTH BY THE FEDERAL AVIATION ADMINISTRATION (FAA); TO RAISE FUNDS TO BE USED FOR THE EDUCATION AND ADVOCACY OF AVIATION AND AVIATION HISTORY; TO ENCOURAGE STUDY OF AVIATION; TO STUDY AND DISSEMINATE INFORMATION AND TECHNIQUES CONCERNING THE MANUFACTURE, REPAIR, OPERATION AND MAINTENANCE OF AIRCRAFT; AND, TO ENGAGE IN OTHER RELATED CHARITABLE AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT FUNDRAISING EVENTS TO PROVIDE AVIATION EDUCATIONAL OPPORTUNITIES FOR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Mullins President | OfficerTrustee | 40 | $0 |
Charles Bogdon Vice President | OfficerTrustee | 10 | $0 |
Clifford Logan Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,079 |
| Investment income | $20 |
| 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 | $302,300 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,519,767 |
| Statement of Expenses | |
|---|---|
| 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. | $57,250 |
| Compensation to disqualified persons | $1,354 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,700 |
| Fees for services: Legal | $2,277 |
| Fees for services: Accounting | $6,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,800 |
| Advertising and promotion | $113,389 |
| Office expenses | $9,193 |
| Information technology | $2,857 |
| Royalties | $0 |
| Occupancy | $55,881 |
| Travel | $93,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,125 |
| Insurance | $22,342 |
| All other expenses | $0 |
| Total functional expenses | $1,476,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,738 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,246 |
| Total assets | $330,250 |
| 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 | $293,672 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,992 |
| Total liabilities | $304,664 |
| Net assets without donor restrictions | $25,586 |
| 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 |
| Total liabilities and net assets/fund balances | $25,586 |