Air Legends Foundation
- Assets
- $20.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- Data as of
- 12/2021
- EIN
- 85-4325592
Organization Overview
Air Legends Foundation is located in San Antonio, TX. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Air Legends 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 12/2021, Air Legends Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (58.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION, MAINTENANCE AND REPAIR OF HISTORICAL MILITARY AIRCRAFT FOR PRESENTATION AND EXHIBITION TO THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Holcomb Secretary/treasurer | 1 | $0 | |
Vincent Sosa Director | 10 | $0 | |
Rodney R Lewis President | 1 | $0 | |
Jessica Lewis Worth Director | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,195,000 |
| Interest on Savings | $0 |
| 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 | $3,195,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $176 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $3,293 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,620,010 |
| Total operating and administrative expenses | $1,629,069 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,629,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $18,550,000 |
| Other assets | $1,565,931 |
| Total assets | $20,115,931 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Glass-Glen Burnie Foundation San Antonio, TX | $57,955,575 | $7,795,930 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Glenwood Cemetery Historic Preservation Foundation Houston, TX | $14,327,561 | $1,485,128 |
Restland Memorial Park Assn Houston, TX | $24,470,404 | $2,045,999 |
Fort Worth South Inc Fort Worth, TX | $860,900 | $1,913,143 |
Air Legends Foundation San Antonio, TX | $20,115,931 | $3,195,000 |
Deep Ellum Foundation Dallas, TX | $1,616,864 | $1,817,112 |
Amistad Research Center New Orleans, LA | $6,399,873 | $1,567,988 |
Society Of Martha Washington Laredo, TX | $723,643 | $1,002,745 |
Cornerstones Community Partnerships Santa Fe, NM | $842,708 | $898,386 |
Louisiana Naval War Memorial Commission Baton Rouge, LA | $2,059,836 | $846,137 |