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Liberty Foundation INC FY2020 filing

Tax-deductible

Douglas, GA501(c)(3)Arts & Culture EIN 03-0508923Revenue $291K in FY2020Latest return filed Feb 16, 2026

On file with the IRS402 Peterson Ave S, 31533-5250 · Douglas, GATax-exempt since Feb 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Restoration and exhibition of b-17

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $377K a year · 60% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
186% of total assets
Concern: liabilities are 186% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$291K
Spent
$376K
To programs
100%
Net assets
−$469K
By yearFY2020–FY2025
Revenue
$291K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$291K
FY2021−$291K
FY2022$26K
FY2023$98K
FY2024$3.5M
FY2025$135K
Expenses
$376K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$376K
FY2021$115K
FY2022$244K
FY2023$261K
FY2024$251K
FY2025$235K
Net assets
−$469K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$469K
FY2021−$874K
FY2022−$1.1M
FY2023$344K
FY2024$3.6M
FY2025$3.5M

From the FY2020 Form 990 (year ending September 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $376K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Frank Drain
Director
$0Pt VII · Sec A
Joseph H Hand
Treasurer &
$0Pt VII · Sec A
Elton D Brooks JR
Chairman & D
$0Pt VII · Sec A
$0Pt VII · Sec A
See Liberty Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Restores and exhibits historic B-17 aircraft for public appreciation.

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1 program · $372K · in their own filed words · FY2019
01

Education of the public about the history of world war ii aircraft, primarily through the acquisition, restoration, preservation and public display of such aircraft.

$372Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$291K
Ln 12
Fees for servicesLn 2g$205K
Gifts and grantsLn 1h$51K
Other incomeLn 4–11$35K
Money outPt IX
$376K
Ln 25
Programscol B$376K
Owns and owesPt X
−$469K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$544K
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51K
Fees for servicesLn 2g$205K
Other incomeLn 4–11$35K
Total revenueLn 12$291K
Assets in detailPt X, end of year
SavingsLn 2$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$258K
Other assetsLn 15$214K
Total assetsLn 16$544K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$469K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$38K$19K
Land, buildings, equipmentLn 10c$261K$258K
Total assetsLn 16$605K$544K
LiabilitiesLn 26$989K$1.0M
Net assetsLn 32−$383K−$469K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$122K$122K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$30K$30K
Office expensesLn 13$9K$9K
TravelLn 17$64K$64K
InterestLn 20$199$199
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$67K$67K
Other expenses (24a–d)Ln 24$175K$175K
All other expensesLn 24e−$97K−$97K
Total functional expensesLn 25$376K$376K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 16, 2026 $135K$235K−$100K$3.5M 990 PDF
FY2024Filed with the IRS Feb 5, 2025 $3.5M$251K$3.2M$3.6M 990 PDF
FY2023Filed with the IRS Feb 2, 2024 $98K$261K−$163K$344K 990 PDF
FY2022Filed with the IRS Feb 3, 2023 $26K$244K−$218K−$1.1M 990 PDF
FY2021Filed with the IRS Jan 26, 2022 −$291K$115K−$405K−$874K 990 PDF
FY2020 ViewingFiled with the IRS Feb 23, 2021 $291K$376K−$85K−$469K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $290,778 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,416$50,655
I-9 Program service revenuePrior year $317,442$205,095
I-10 Investment income$0
I-11 Other revenuePrior year $20,368$35,028
I-12 Total revenuePrior year $354,226$290,778
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $106,167$122,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $620,551$253,869
I-18 Total expensesPrior year $726,718$375,869
I-19 Revenue less expensesPrior year −$372,492−$85,091
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $290,778 across 5 lines filed
VIII-1f All other contributions, gifts and grants$50,655
VIII-1h Total contributions, gifts and grants$50,655
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $205,095$205,095
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,028$35,028
VIII-12 Total revenueRelated to mission $240,123$290,778
Part IX · Statement of functional expenses $375,869 across 10 lines filed
IX-7 Other salaries and wagesPrograms $122,000$122,000
IX-11c Accounting feesPrograms $3,077$3,077
IX-12 Advertising and promotionPrograms $29,569$29,569
IX-13 Office expensesPrograms $9,144$9,144
IX-17 TravelPrograms $64,316$64,316
IX-20 InterestPrograms $199$199
IX-22 Depreciation, depletion and amortizationPrograms $3,397$3,397
IX-23 InsurancePrograms $66,658$66,658
IX-24 Other expenses (24a–d)Programs $174,559$174,559
IX-24e All other expensesPrograms −$97,050−$97,050
IX-25 Total functional expensesPrograms $375,869 · Management $0 · Fundraising $0$375,869
Part X · Balance sheet $544,255 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $37,966$18,560
X-4 Accounts receivableStart of year $35,855$1,366
X-8 Inventories for sale or useStart of year $56,778$53,118
X-10c Land, buildings and equipment, netStart of year $261,013$257,616
X-15 Other assetsStart of year $213,595$213,595
X-16 Total assetsStart of year $605,207$544,255
X-17 Accounts payable and accrued expensesStart of year $16,482$16,482
X-18 Grants payableStart of year $105,000$105,000
X-25 Other liabilitiesStart of year $867,208$891,347
X-26 Total liabilitiesStart of year $988,690$1,012,829
X-27 Net assets without donor restrictionsStart of year −$383,483−$468,574
X-32 Total net assets or fund balancesStart of year −$383,483−$468,574
X-33 Total liabilities and net assetsStart of year $605,207$544,255
Part XI · Reconciliation of net assets −$468,574 net assets at year end
XI-1 Total revenue$290,778
XI-2 Total expenses$375,869
XI-3 Revenue less expenses−$85,091
XI-4 Net assets at start of year−$383,483
XI-10 Net assets at end of year−$468,574

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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