Twa Museum INC

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To maintain exhibits and collections pertaining to the history of trans world airlines (Twa)

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-0660493) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $48K a year · 29% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
70% of spending went to programs.
Pt IX · Ln 25 · col B
31.6 mo
of spending, in cash
31.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$198K
44% of total assets
Liabilities are 44% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$195K
+6% vs prior year
Spent
$163K
To programs
70%
Net assets
$255K
By yearFY2020–FY2024
Revenue
$195K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$105K
FY2021$139K
FY2022$197K
FY2023$184K
FY2024$195K
Expenses
$163K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$91K
FY2021$81K
FY2022$93K
FY2023$152K
FY2024$163K
Net assets
$255K
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$28K
FY2021$87K
FY2022$191K
FY2023$222K
FY2024$255K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2013.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $114K Management & general 30% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Twa Museum 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

Preserves and displays the history of Trans World Airlines through exhibits and collections.

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1 program · $114K · in their own filed words · FY2024
01

Provide a museum surrounding introducing the public to commercial aviation and the rich heritage of transworld airlines.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-0660493) · Dispute this line
$114Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$26K
Grants paid · 3 grants · $37K · 2021–2024
Aviation Institute of MaintenanceFY2024$14,000
Aviation Institute of MaintenanceFY2023$17,368
Aviation Institute of MaintenanceFY2021$5,800

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$195K
Ln 12
Gifts and grantsLn 1h$99K
Fees for servicesLn 2g$53K
Other incomeLn 4–11$43K
Money outPt IX
$163K
Ln 25
Programscol B$114K
Managementcol C$48K
Owns and owesPt X
$255K
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$453K
LiabilitiesLn 26$198K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$53K
Investment incomeLn 3$1K
Other incomeLn 4–11$43K
Total revenueLn 12$195K
Assets in detailPt X, end of year
CashLn 1$474
SavingsLn 2$428K
Cash and savings togetherLn 1–2$428K
Inventories for sale or useLn 8$20K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$453K
LiabilitiesLn 26$198K
Net assetsLn 32$255K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$416K$428K
Land, buildings, equipmentLn 10c$5K$5K
Total assetsLn 16$435K$453K
LiabilitiesLn 26$213K$198K
Net assetsLn 32$222K$255K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$45K$23K$23K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$3K$6K
OccupancyLn 16$70K$58K$12K
Depreciation, depletion and amortizationLn 22$824$824
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$163K$114K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 25, 2025 $195K$163K$33K$255K 990 PDF
FY2023Filed with the IRS Jul 8, 2024 $184K$152K$31K$222K 990 PDF
FY2022Filed with the IRS Jul 12, 2023 $197K$93K$104K$191K 990 PDF
FY2021Filed with the IRS Jun 15, 2022 $139K$81K$59K$87K 990 PDF
FY2020Filed with the IRS Aug 6, 2021 $105K$91K$14K$28K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $195,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,367$98,832
I-9 Program service revenuePrior year $44,513$52,543
I-10 Investment incomePrior year $2,917$1,110
I-11 Other revenuePrior year $30,964$42,920
I-12 Total revenuePrior year $183,761$195,405
I-13 Grants and similar amounts paidPrior year $17,868$14,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $134,516$148,725
I-18 Total expensesPrior year $152,384$162,725
I-19 Revenue less expensesPrior year $31,377$32,680
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $195,405 across 8 lines filed
Lines not itemized here account for $46,291 of total revenue; see the IRS return.
VIII-1b Membership dues$2,360
VIII-1c Fundraising events$14,930
VIII-1f All other contributions, gifts and grants$81,542
VIII-1h Total contributions, gifts and grants$98,832
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,543$52,543
VIII-3 Investment incomeExcluded from tax $1,110$1,110
VIII-8 Net income from fundraising eventsExcluded from tax −$3,371−$3,371
VIII-12 Total revenueRelated to mission $52,543 · Unrelated business $0 · Excluded from tax $44,030$195,405
Part IX · Statement of functional expenses $162,725 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $14,000$14,000
IX-11c Accounting feesManagement $1,990$1,990
IX-11g Other fees for servicesPrograms $22,515 · Management $22,515$45,030
IX-12 Advertising and promotionManagement $2,194$2,194
IX-13 Office expensesPrograms $3,405 · Management $5,595$9,000
IX-16 OccupancyPrograms $57,984 · Management $11,857$69,841
IX-22 Depreciation, depletion and amortizationPrograms $824$824
IX-23 InsuranceManagement $4,146$4,146
IX-24 Other expenses (24a–d)Programs $15,700$15,700
IX-25 Total functional expensesPrograms $114,428 · Management $48,297 · Fundraising $0$162,725
Part X · Balance sheet $452,866 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $242,849$474
X-2 Savings and temporary cash investmentsStart of year $172,698$427,753
X-8 Inventories for sale or useStart of year $14,291$20,115
X-10c Land, buildings and equipment, netStart of year $5,348$4,524
X-16 Total assetsStart of year $435,186$452,866
X-23 Secured mortgages and notes payableStart of year $213,000$198,000
X-26 Total liabilitiesStart of year $213,000$198,000
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $222,186$254,866
X-32 Total net assets or fund balancesStart of year $222,186$254,866
X-33 Total liabilities and net assetsStart of year $435,186$452,866
Part XI · Reconciliation of net assets $254,866 net assets at year end
XI-1 Total revenue$195,405
XI-2 Total expenses$162,725
XI-3 Revenue less expenses$32,680
XI-4 Net assets at start of year$222,186
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$254,866

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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