Totals
- Total revenue
- $635,338
- Total expenses
- $310,615
- Contributions and grants received
- $350,325
- Grants paid
- $0
- Program service revenue
- $17,187
- Investment income
- $205,559
- Other revenue
- $62,267
- Total assets, end of year
- $3,951,360
- Total liabilities, end of year
- $151,780
- Net assets or fund balances, end of year
- $3,799,580
- Program services expenses (Part IX)
- $276,317
- Management and general expenses
- $15,985
- Fundraising expenses
- $18,313
- Program service expenses (Part III)
- $276,317
Program services were 89.0% 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
$8,170
-
1f · All other contributions, gifts and grants
$342,155
-
2a · Program service revenue: Miscellaneous Income
total $17,187 · related or exempt $17,187
-
3 · Investment income
total $2,020 · excluded $2,020
-
6a · Gross rents
real property $5,861
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $5,861
-
6d · Net rental income or loss
total $5,861 · related or exempt $5,861
-
7a · Gross sales of assets other than inventory
other assets $217,500
-
7b · Less cost or other basis and sales expenses
other assets $13,961
-
7c · Gain or loss
other assets $203,539
-
7d · Net gain or loss
total $203,539 · related or exempt $203,539
-
8a · Fundraising events: gross income
$81,254
-
8b · Fundraising events: direct expenses
$29,721
-
8c · Net income from fundraising events
total $51,533 · excluded $51,533
-
10a · Gross sales of inventory
$24,938
-
10b · Cost of goods sold
$20,065
-
10c · Net income from sales of inventory
total $4,873 · related or exempt $4,873
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $93,132 · program services $66,048 · management and general $10,072 · fundraising $17,012
-
10 · Payroll taxes
total $7,125 · program services $5,053 · management and general $771 · fundraising $1,301
-
11c · Fees: accounting
total $5,142 · management and general $5,142
-
11g · Fees: other
total $36,891 · program services $36,891
-
12 · Advertising and promotion
total $7,468 · program services $7,468
-
13 · Office expenses
total $7,067 · program services $7,067
-
14 · Information technology
total $746 · program services $746
-
17 · Travel
total $2,864 · program services $2,864
-
20 · Interest
total $8,270 · program services $8,270
-
22 · Depreciation, depletion and amortization
total $40,873 · program services $40,873
-
23 · Insurance
total $25,107 · program services $25,107
-
24a · Other expenses: Maintenance
total $40,035 · program services $40,035
-
24b · Other expenses: Utilities
total $20,450 · program services $20,450
-
24c · Other expenses: Programming
total $14,579 · program services $14,579
-
24d · Other expenses: Dues and Fees
total $848 · program services $848
-
24e · All other expenses
total $18 · program services $18
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $309,726 · end of year $498,971
-
2 · Savings and temporary cash investments
beginning of year $33,826 · end of year $150,010
-
4 · Accounts receivable
beginning of year $3,000 · end of year $3,741
-
8 · Inventories for sale or use
beginning of year $22,222 · end of year $31,208
-
10a · Land, buildings and equipment: cost or other basis
$3,108,338
-
10b · Land, buildings and equipment: accumulated depreciation
$595,908
-
10c · Land, buildings and equipment, net
beginning of year $2,523,529 · end of year $2,512,430
-
13 · Investments: program-related
beginning of year $755,000 · end of year $755,000
-
17 · Accounts payable and accrued expenses
beginning of year $4,228 · end of year $1,494
-
23 · Secured mortgages and notes payable
beginning of year $168,218 · end of year $150,286
-
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 $3,474,857 · end of year $3,799,580
Mission and programs · 2023
Mission
PRESERVE THE AVIATION HISTORY OF THE WEAVER AIRCRAFT COMPANY
Activities or mission (Part I)
EDUCATION AND PRESERVATION OF THE WEAVER AIRCRAFT COMPANY (WACO)
-
The WACO Historical Society was organized to preserve the history and aircraft of the WACO Aircraft Company, to educate students in science, math, history and technology using aviation themes and projects, and to provide community service through public and private community events. The historical collection consists of documents, photos, original and replica aircraft and aviation artifacts. The Learning Center program consists of courses and projects geared to young people and adults to encourage interest in aviation and science and history.
Expenses $276,317 · Revenue $231,460
As filed on the 2023 return.
Listed in Part VII
-
Greg LeachGREG LEACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Patty WagnerPATTY WAGNER
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Nicholas NolanNICHOLAS NOLAN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
David BucherDAVID BUCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 8
-
Jim McGarryJIM MCGARRY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Bill SlagleBILL SLAGLE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Sean SaddlerSEAN SADDLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 10
-
John SchillingJOHN SCHILLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jim BeisnerJIM BEISNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Matt SiefringMATT SIEFRING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Shannon MannSHANNON MANN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
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
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421349349303177
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