Maam Foundation

Tax-deductible

Liberal, KS501(c)(3)Since 1987Arts & CultureEIN 48-1039353

Enhance the image and quality of life in liberal, KS and the mid-region of the u.s. Through displays, exhibits and education programs illustrating the importance and understanding of flight, air transportation and aviation in our society.

501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
5 of 6
years in the black
Pt I · Ln 19 · 6 filings
How much reaches the programs?
41%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
1 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$0
liabilities
Pt X · Ln 26
Who oversees it?
0
independent of 5 voting board members
Pt VI · Ln 1a–1b
Revenue
$138K
+39% vs prior year
Spent
$54K
To programs
41%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$138K
FY2025▲ +39%
Revenue by fiscal year
FY2020$45K
FY2021$112K
FY2022$58K
FY2023$42K
FY2024$99K
FY2025$138K
Expenses
$54K
FY2025▲ +106%
Expenses by fiscal year
FY2020$21K
FY2021$43K
FY2022$26K
FY2023$50K
FY2024$26K
FY2025$54K
Net assets
$1.3M
FY2025▲ +7%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M

From the FY2025 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CMaam Foundation
EINHdr · item D48-1039353
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1987
Year of formationHdr · item L1987
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CLiberal, KS
NTEE classificationIRS BMFArts & Culture (A115)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.41 Management & general $0.59
Program services41%$22K
Management & general59%$32K
Total functional expensesLn 25$54K

Financial health

Is it on solid ground?

Program efficiency
41%
of spending reaches programs▲ +436% vs prior filing year
Operating runway
284.4mo
months of highly liquid reserves at operating expense rate▼ -48% vs prior filing year
Surplus margin
+61%
revenue over expenses, this year▼ -18% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.3M
FY2025▲ +7%
Total assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M
Total liabilities
$0
FY2025
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$83K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B41%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.3M
Months of cash on handcomputed1.3

Statement of Revenue

Part VIII
Investment income$103K · 75%
Other revenue$32K · 24%
Contributions & grants$2K · 1%
Investment income75%$103K
Other revenue24%$32K
Contributions & grants1%$2K
Total revenueLn 12$138K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $54K
284.4 months
Where the money goes
Program services
Program services $22K · Total expenses $54K
41%
Management & General
Management & general $32K · Total expenses $54K
59%
Fundraising
Fundraising $0 · Total expenses $54K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $138K
1%
Government reliance
Government grants — · Total revenue $138K
—
Earned-income share
Program service revenue $0 · Total revenue $138K
0%
Investment reliance
Investment income $103K · Total revenue $138K
+75%
Program self-sufficiency
Program service revenue $0 · Total expenses $54K
0%
Growth & trend
Revenue growth (YoY)
This year $138K · Prior year $99K
+39%
Revenue CAGR
FY2020 $45K · FY2025 $138K
+25%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $138K · Expenses $54K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
99%
People & payroll
Highest Reported Total Compensation
Individual Steve Merz · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $54K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $54K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 41%——
Overhead ratio 59%——
Revenue growth 39%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Maam Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Showcases aviation history and offers educational programs about flight.

Provided by the organization

This section is blank until Maam Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $22K of program spending, described in the organization's own filed words · FY2025.
01

Through the support given to the museum for exhibits and other items, we give the public an opportunity to educate themselves about our nation's aviation history

$22Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $67K · 2021–2025
Liberal Airfair 2025FY2025$20,000
Kansas CosmosphereFY2023$15,250
Lakin RdfFY2023$9,100
City of LiberalFY2022$6,250
City of LiberalFY2021$16,139

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $138K$54K+39% 990 PDF
FY2024 $99K$26K+138% 990 PDF
FY2023 $42K$50K-28% 990 PDF
FY2022 $58K$26K-48% 990 PDF
FY2021 $112K$43K+148% 990 PDF
FY2020 $45K$21K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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