Evansville P-47 Foundation Inc
- Assets
- $3.5m
- Revenue
- $844.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Evansville, IN
- Founding
- Data as of
- 12/2021
- EIN
- 84-4887552
Organization Overview
Evansville P-47 Foundation Inc is located in Evansville, IN. According to its NTEE Classification (A50) the organization is classified as: 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. Evansville P-47 Foundation 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
THE PURPOSE OF THE ORGANIZATION IS THE ACQUISITION, MAINTENANCE, OWNERSHIP, AND DISPLAY OF WARTIME PLANES AND EQUIPMENT, INCLUDING BUT NOT LIMITED TO WORLD WAR II AIRCRAFT SUCH AS A P-47 FOR EDUCATIONAL AND MUSEUM PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVANSVILLE P-47 FOUNDATION PURCHASED A P-47 THUNDERBOLT FIGHTER AIRPLANE FROM WORLD WAR II NAMED TARHEEL HAL, ONE OF THE MOST FAMOUS REMAINING P-47S. SHORTLY AFTER BEING FLOWN BACK TO INDIANA, THE PLANE WAS RENAMED "HOOSIER SPIRIT II". FOLLOWING THE PASSING OF HOUSE BILL 1197 ON APRIL 26, 2021, THE HOOSIER SPIRIT II BECAME INDIANA'S STATE AIRCRAFT. IT IS DISPLAYED INSIDE THE EVANSVILLE WARTIME MUSEUM LOCATED AT 7503 PETERSBURG ROAD, JUST A MILE FROM WHERE IT WAS MANUFACTURED BY REPUBLIC AVIATION IN 1944.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Kaskel President | OfficerTrustee | 1 | $0 |
Jack Buttrum Secretary | OfficerTrustee | 1 | $0 |
Mark Browning MD Vice President | OfficerTrustee | 1 | $0 |
John M Dunn Treasurer | OfficerTrustee | 1 | $0 |
Allen Sanderson Member | Trustee | 1 | $0 |
Dona Bone Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $841,915 |
| Noncash contributions included in lines 1a–1f | $230,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,915 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,915 |
| 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 | $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 | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,691 |
| Office expenses | $545 |
| 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 | $55,572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,207 |
| All other expenses | $10,022 |
| Total functional expenses | $81,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,163 |
| Savings and temporary cash investments | $10,558 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,450,000 |
| Total assets | $3,537,721 |
| 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 | $1,428,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,428,189 |
| Net assets without donor restrictions | $2,109,532 |
| 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 | $3,537,721 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evansville P-47 Foundation Inc has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $13,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Illinois Railway Museum Union, IL | $16,575,964 | $2,964,518 |
American Jazz Museum Kansas City, MO | $1,292,332 | $1,809,014 |