Heritage Flight Museum
- Assets
- $11.7m
- Revenue
- $555.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Burlington, WA
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 91-1923298
Organization Overview
Heritage Flight Museum is located in Burlington, WA. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Flight 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 12/2021, Heritage Flight Museum generated $555.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $559.3k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF SKAGIT HANGAR IN ORDER TO BE ABLE TO DISPLAY TO GENERAL PUBLIC
MAINTENANCE OF SIX OTHER HERITAGE AIRCRAFT IN ORDER TO BE ABLE TO DISPLAY TO GENERAL PUBLIC
MAINTENANCE OF MUSTANG P-51D AIRCRAFT IN ORDER TO BE ABLE TO DISPLAY TO GENERAL PUBLIC
FESTIVAL AND EVENT SUPPORT IN ORDER TO BE ABLE TO DISPLAY AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Anders Vice President, Director | 20 | $0 | |
Steven Hoard Director | 1 | $0 | |
William A Anders President, Director | 5 | $0 | |
Eric W Anders Director | 1 | $0 | |
Valerie E Anders Secretary, Director | 1 | $0 | |
Gayle A Nuffer Treasurer, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,831 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,782 |
| Capital Gain Net Income | $63,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $327,833 |
| Total Revenue | $555,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $194,859 |
| Pension plans, employee benefits | $0 |
| Interest | $2,515 |
| Taxes | $78,839 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,802 |
| Printing and publications | $0 |
| Other expenses | $280,308 |
| Total operating and administrative expenses | $559,323 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $559,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,358,389 |
| Net Accounts receivable | $10,000 |
| 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 | $3,151,414 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,134,744 |
| Total assets | $11,654,547 |
| 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 | -$2,325 |
| Total liabilities | -$2,325 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Heritage Flight Museum has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Apex Foundation Bellevue, WA PURPOSE: GREATEST NEED/ UNRESTRICTED SUPPORT | $25,000 |
Apex Foundation Bellevue, WA PURPOSE: GREATEST NEED/ UNRESTRICTED SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Kqed Inc San Francisco, CA | $304,837,195 | $103,418,209 |
Internews Network Arcata, CA | $19,074,087 | $84,725,218 |
National Academy Of Recording Arts & Sciences Inc Santa Monica, CA | $144,766,278 | $73,681,549 |
Henry E Huntington Library & Art Gallery San Marino, CA | $965,906,123 | $108,580,757 |
California Academy Of Sciences San Francisco, CA | $832,230,890 | $95,197,826 |
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
Motion Picture Association Inc Sherman Oaks, CA | $108,255,897 | $67,676,468 |
Segerstrom Center For The Arts Costa Mesa, CA | $493,213,588 | $84,488,930 |
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |