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Nonprofiteer
← TWA MUSEUM INC

Form 990 for tax year 2022

Filed by TWA MUSEUM INC.

Totals

Total revenue
$196,700
Total expenses
$92,576
Contributions and grants received
$120,765
Grants paid
$4,021
Program service revenue
$35,876
Investment income
$837
Other revenue
$39,222
Total assets, end of year
$418,809
Total liabilities, end of year
$228,000
Net assets or fund balances, end of year
$190,809
Program services expenses (Part IX)
$66,163
Management and general expenses
$26,413
Fundraising expenses
$0
Program service expenses (Part III)
$66,163

Program services were 71.5% 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

    $3,595

  • 1c · Fundraising events

    $12,428

  • 1f · All other contributions, gifts and grants

    $104,742

  • 2a · Program service revenue: MUSEUM ENTRANCE FEES

    total $35,876 · related or exempt $35,876

  • 3 · Investment income

    total $837 · excluded $837

  • 8a · Fundraising events: gross income

    $19,640

  • 8a · Fundraising events: contributions included on line 1c

    $12,428

  • 8b · Fundraising events: direct expenses

    $12,112

  • 8c · Net income from fundraising events

    total $7,528 · excluded $7,528

  • 10a · Gross sales of inventory

    $50,247

  • 10b · Cost of goods sold

    $18,553

  • 10c · Net income from sales of inventory

    total $31,694 · excluded $31,694

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,021 · program services $4,021

  • 11b · Fees: legal

    total $16 · management and general $16

  • 11c · Fees: accounting

    total $1,585 · management and general $1,585

  • 11g · Fees: other

    total $11,119 · program services $5,560 · management and general $5,559

  • 12 · Advertising and promotion

    total $4,889 · management and general $4,889

  • 13 · Office expenses

    total $5,104 · program services $1,252 · management and general $3,852

  • 16 · Occupancy

    total $58,044 · program services $51,532 · management and general $6,512

  • 17 · Travel

    total $838 · program services $838

  • 22 · Depreciation, depletion and amortization

    total $144 · program services $144

  • 23 · Insurance

    total $4,000 · management and general $4,000

  • 24a · Other expenses: ARCHIVES SUPPLIES

    total $1,624 · program services $1,624

  • 24b · Other expenses: MUSEUM SUPPLIES

    total $1,032 · program services $1,032

  • 24e · All other expenses

    total $160 · program services $160

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,526 · end of year $238,644

  • 2 · Savings and temporary cash investments

    beginning of year $169,212 · end of year $169,875

  • 8 · Inventories for sale or use

    beginning of year $4,812 · end of year $8,299

  • 10a · Land, buildings and equipment: cost or other basis

    $6,230

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,239

  • 10c · Land, buildings and equipment, net

    beginning of year $2,135 · end of year $1,991

  • 23 · Secured mortgages and notes payable

    beginning of year $253,000 · end of year $228,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $86,685 · end of year $190,809

Mission and programs · 2022

Mission

TO MAINTAIN EXHIBITS AND COLLECTIONS PERTAINING TO THE HISTORY OF TRANS WORLD AIRLINES (TWA) WITH SPECIAL EMPHASIS ON THE IMPORTANCE OF THE AIRLINE TO COMMERCIAL AVIATION FIRSTS AND THE KANSAS CITY COMMUNITY

Activities or mission (Part I)

TO MAINTAIN EXHIBITS AND COLLECTIONS PERTAINING TO THE HISTORY OF TRANS WORLD AIRLINES (TWA)

  • PROVIDE A MUSEUM SURROUNDING INTRODUCING THE PUBLIC TO COMMERCIAL AVIATION AND THE RICH HERITAGE OF TWA

    Expenses $66,163 · Grants $4,021 · Revenue $35,876

As filed on the 2022 return.

Listed in Part VII

  • Pam Blaschum

    PRESIDENT

    Total calculated
    $0
    Hours/week
    16

  • Caleb Flake

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    16

  • Chris Funk

    TREASURER

    Total calculated
    $0
    Hours/week
    16

  • Nancy Sitzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    16

  • Alice Wasko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    16

  • Judy Gerling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    16

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
2022
Filed
6 July 2023
IRS schema version
2022v5.0
Source object
202341939349300119

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