Form 990 for tax year 2023
Filed by FRONTIERS OF FLIGHT MUSEUM INC.
Totals
- Total revenue
- $2,183,803
- Total expenses
- $1,992,547
- Contributions and grants received
- $825,822
- Grants paid
- $0
- Program service revenue
- $562,389
- Investment income
- $0
- Other revenue
- $795,592
- Total assets, end of year
- $6,441,527
- Total liabilities, end of year
- $160,683
- Net assets or fund balances, end of year
- $6,280,844
- Program services expenses (Part IX)
- $1,340,634
- Management and general expenses
- $499,722
- Fundraising expenses
- $152,191
- Program service expenses (Part III)
- $1,340,634
Program services were 67.3% 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.
-
1b · Membership dues
$54,449
-
1c · Fundraising events
$201,371
-
1f · All other contributions, gifts and grants
$570,002
-
2a · Program service revenue: ADMISSIONS
total $482,205 · related or exempt $482,205
-
2b · Program service revenue: PROGRAM
total $80,184 · related or exempt $80,184
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $764,378
-
6b · Less rental expenses
real property $57,024
-
6c · Rental income or loss
real property $707,354
-
6d · Net rental income or loss
total $707,354 · excluded $707,354
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$26,553
-
8a · Fundraising events: contributions included on line 1c
$201,371
-
8b · Fundraising events: direct expenses
$97,948
-
8c · Net income from fundraising events
total -$71,395 · excluded -$71,395
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$219,092
-
10b · Cost of goods sold
$93,726
-
10c · Net income from sales of inventory
total $125,366 · unrelated business $125,366
-
11a · Other revenue: CATERING INCOME
total $7,788 · related or exempt $7,788
-
11b · Other revenue: OTHER INCOME (LOSS)
total $26,479 · related or exempt $26,479
-
11e · Other revenue, total
$34,267
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $305,000 · program services $228,750 · management and general $76,250
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $348,372 · program services $267,811 · management and general $41,357 · fundraising $39,204
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $79,442 · program services $60,375 · management and general $14,300 · fundraising $4,767
-
10 · Payroll taxes
total $58,255 · program services $44,274 · management and general $10,486 · fundraising $3,495
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $54,109 · program services $27,055 · management and general $18,938 · fundraising $8,116
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $28,331 · program services $25,343 · management and general $2,241 · fundraising $747
-
12 · Advertising and promotion
total $35,239 · program services $20,851 · management and general $6,416 · fundraising $7,972
-
13 · Office expenses
total $162,930 · program services $64,567 · management and general $66,742 · fundraising $31,621
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $256,185 · program services $192,139 · management and general $51,237 · fundraising $12,809
-
23 · Insurance
total $141,075 · program services $70,538 · management and general $56,430 · fundraising $14,107
-
24a · Other expenses: EXHIBITS, FACILITIES, MAINT.
total $465,112 · program services $300,407 · management and general $140,490 · fundraising $24,215
-
24b · Other expenses: DEVELOPMENT & FUNDRAISING
total $23,864 · program services $9,550 · management and general $9,381 · fundraising $4,933
-
24c · Other expenses: PROGRAM EXPENSES
total $21,762 · program services $21,762
-
24d · Other expenses: MISCELLANEOUS
total $8,238 · program services $7,212 · management and general $821 · fundraising $205
-
24e · All other expenses
total $4,633 · management and general $4,633
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,277,391 · end of year $1,527,164
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $10,000 · end of year $100,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $19,470 · end of year $29,910
-
9 · Prepaid expenses and deferred charges
beginning of year $20,013 · end of year $22,338
-
10a · Land, buildings and equipment: cost or other basis
$13,596,114
-
10b · Land, buildings and equipment: accumulated depreciation
$8,833,999
-
10c · Land, buildings and equipment, net
beginning of year $4,921,229 · end of year $4,762,115
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $16,889 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $133,764 · end of year $132,102
-
19 · Deferred revenue
beginning of year $41,640 · end of year $28,581
-
27 · Net assets without donor restrictions
beginning of year $5,468,483 · end of year $5,854,169
-
28 · Net assets with donor restrictions
beginning of year $621,105 · end of year $426,675
Mission and programs · 2023
Mission
To use the power of Aerospace to improve society by educating, motivating, and inspiring all ages using innovative exhibits, collections, programs, and Aero-Space-STEM focused curriculum.
-
THE PURPOSES OF FRONTIERS OF FLIGHT MUSEUM, INC. ARE TO PRESERVE AND MAKE AVAILABLE TO THE GENERAL PUBLIC PRICELESS MATERIALS AND ITEMS FROM THE UNIVERSITY OF TEXAS AT DALLAS HISTORY OF AVIATION COLLECTION WHICH DOCUMENT THE DEVELOPMENT OF AVIATION; TO PROVIDE AN EDUCATIONAL RESOURCE FOR SCHOOL AND PUBLIC GROUPS; AND HONOR AVIATION PIONEERS.
Expenses $1,340,634 · Revenue $781,481
As filed on the 2023 return.
Listed in Part VII
-
Abigail EricksonABIGAIL ERICKSON
CEO-FROM 7/2023
- Total calculated
- $180,000
- From this org
- $180,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $180,000
-
Teresa Lenling-Thru 32023TERESA LENLING-THRU 32023
CEO/PRESIDENT
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael BroslerMICHAEL BROSLER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.4
-
Kevin BrooksKEVIN BROOKS
Chairman
- Total calculated
- $0
- Hours/week
- 0.4
-
Rogge DunnROGGE DUNN
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Daniel HamiltonDANIEL HAMILTON
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Romain Trapp
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Suzy FultonSUZY FULTON
Treasurer
- Total calculated
- $0
- Hours/week
- 0.4
-
Suresh NarayananSURESH NARAYANAN
Director
- Total calculated
- $0
- Hours/week
- 34
-
Steve KennekeSTEVE KENNEKE
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Andrew LauckANDREW LAUCK
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Adele MalottADELE MALOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.4
-
Meredith WalkerMEREDITH WALKER
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Kim SmithKIM SMITH
Secretary
- Total calculated
- $0
- Hours/week
- 0.4
-
Ryan McCullerRYAN MCCULLER
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
James WhiteJAMES WHITE
Director
- Total calculated
- $0
- Hours/week
- 0.4
-
Patrick WalshPATRICK WALSH
Director
- Total calculated
- $0
- Hours/week
- 0.4
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432929349300048
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