Form 990 for tax year 2023

Filed by AVIATION HERITAGE PARK INC.

Totals

Total revenue: $789,494
Total expenses: $224,126
Contributions and grants received: $787,873
Grants paid: $0
Program service revenue: $0
Investment income: $1,274
Other revenue: $347
Total assets, end of year: $3,938,654
Total liabilities, end of year: $1,071,176
Net assets or fund balances, end of year: $2,867,478
Program services expenses (Part IX): $144,390
Management and general expenses: $79,736
Fundraising expenses: $0
Program service expenses (Part III): $144,390

Program services were 64.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$65,153
1e · Government grants (contributions)

$101,000
1f · All other contributions, gifts and grants

$621,720
1g · Noncash contributions included above

$365,800
3 · Investment income

total $1,274 · related or exempt $1,274
8a · Fundraising events: gross income

$36,076
8a · Fundraising events: contributions included on line 1c

$65,153
8b · Fundraising events: direct expenses

$40,366
8c · Net income from fundraising events

total -$4,290
11a · Other revenue: MISCELLAENOUS

total $4,637 · related or exempt $4,637
11e · Other revenue, total

$4,637

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $54,918 · management and general $54,918
10 · Payroll taxes

total $3,972 · management and general $3,972
12 · Advertising and promotion

total $191 · program services $191
13 · Office expenses

total $6,715 · management and general $6,715
16 · Occupancy

total $14,131 · management and general $14,131
20 · Interest

total $15,937 · program services $15,937
22 · Depreciation, depletion and amortization

total $117,588 · program services $117,588
23 · Insurance

total $1,124 · program services $1,124
24a · Other expenses: ARTIFACT MAINTENANCE

total $1,702 · program services $1,702
24b · Other expenses: CLEANING & REPAIRS

total $1,547 · program services $1,547
24c · Other expenses: SALES & PROPERTY TAXES

total $1,440 · program services $1,440
24d · Other expenses: SPECIAL EVENTS

total $1,403 · program services $1,403
24e · All other expenses

total $3,458 · program services $3,458

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $311,118 · end of year $194,403
10a · Land, buildings and equipment: cost or other basis

$4,022,228
10b · Land, buildings and equipment: accumulated depreciation

$298,715
10c · Land, buildings and equipment, net

beginning of year $314,918 · end of year $3,723,513
13 · Investments: program-related

beginning of year $20,000 · end of year $20,000
15 · Other assets

beginning of year $2,240,855 · end of year $738
24 · Unsecured notes and loans payable

beginning of year $593,326 · end of year $1,063,789
25 · Other liabilities

beginning of year $1,287 · end of year $7,387
27 · Net assets without donor restrictions

beginning of year $2,292,278 · end of year $2,867,478

Mission and programs · 2023

Mission

RESTORATION OF AUTHENTIC AIRCRAFT TO HIGHLIGHT BOWLING GREEN & SOUTH CENTRAL KENTUCKY'S RICH AVAIATION HERITAGE, MEMORIALIZE ALL OF THE AREA'S AVIATORS, AND TO SERVE AS AN EDUCATIONAL TOOL.

RESTORATION OF AUTHENTIC AIRCRAFT TO HIGHLIGHT BOWLING GREEN & SOUTH CENTRAL KENTUCKY'S RICH AVIATION HERITAGE, MEMORIALIZE ALL OF THE AREA'S AVIATORS, AND TO SERVE AS AN EDUCATION TOOL.

Expenses $140,886
RESTORATION OF AUTHENTIC AIRCRAFT TO HIGHLIGHT BOWLING GREEN & SOUTH CENTRAL KENTUCKY'S RICH AVIATION HERITAGE, MEMORIALIZE ALL OF THE AREAS AVIATORS, AND TO SERVE AS AN EDUCATIONAL TOOL.

Expenses $3,504

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Larry BaileyLARRY BAILEY

DIRECTOR

Total calculated

$0
Rob BarnettROB BARNETT

DIRECTOR

Total calculated

$0
Steve BashamSTEVE BASHAM

DIRECTOR

Total calculated

$0
Larry BeamLARRY BEAM

DIRECTOR

Total calculated

$0
Bonnie BermanBONNIE BERMAN

DIRECTOR

Total calculated

$0
Joyce B BuckberryJOYCE B BUCKBERRY

DIRECTOR

Total calculated

$0
Ray BuckberryRAY BUCKBERRY

DIRECTOR

Total calculated

$0
Kris BucyKRIS BUCY

DIRECTOR

Total calculated

$0
Keith CarwellKEITH CARWELL

DIRECTOR

Total calculated

$0
Dan CherryDAN CHERRY

DIRECTOR

Total calculated

$0
Michael CowlesMICHAEL COWLES

PAST PRESIDE

Total calculated

$0
Barbara DeebBARBARA DEEB

DIRECTOR

Total calculated

$0
Pete DillenbeckPETE DILLENBECK

DIRECTOR

Total calculated

$0
Alvin FordALVIN FORD

DIRECTOR

Total calculated

$0
Arnie FranklinARNIE FRANKLIN

DIRECTOR

Total calculated

$0
Susan HarmonSUSAN HARMON

SECRETARY

Total calculated

$0
Carroll HildrethCARROLL HILDRETH

DIRECTOR

Total calculated

$0
Jim Bohannon IIIJIM BOHANNON III

DIRECTOR

Total calculated

$0
William KingWILLIAM KING

DIRECTOR

Total calculated

$0
R Kim KirbyR KIM KIRBY

TREASURER

Total calculated

$0
Robert PitchfordROBERT PITCHFORD

DIRECTOR

Total calculated

$0
Gerald RoarkGERALD ROARK

DIRECTOR

Total calculated

$0
Julia RobertsJULIA ROBERTS

DIRECTOR

Total calculated

$0
Andy SouzaANDY SOUZA

DIRECTOR

Total calculated

$0
Wendell StrodeWENDELL STRODE

VICE PRESIDE

Total calculated

$0
Joe TiniusJOE TINIUS

DIRECTOR

Total calculated

$0
Dr Joe TuckerDR JOE TUCKER

PRESIDENT

Total calculated

$0
Lanny WhiteLANNY WHITE

DIRECTOR

Total calculated

$0
Warner WilliamsWARNER WILLIAMS

DIRECTOR

Total calculated

$0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 31 January 2025
IRS schema version: 2023v6.0
Source object: 202540309349300044

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