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Maam Foundation FY2020 filing

Tax-deductible

Liberal, KS501(c)(3)Since 1987Arts & CultureEIN 48-1039353Revenue $45K in FY2020

On file with the IRSPo Box 2585, 67905-2585 · Liberal, KSTax-exempt since Dec 1987Publicly supported charity — 170(b)(1)(A)(vi)

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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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
5 of 6
filings with a surplus
Average surplus $46K a year · 55% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
29 mo
of spending, in cash
Looks good: 29.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
Spent
$21K
To programs
0%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$45K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$45K
FY2021$112K
FY2022$58K
FY2023$42K
FY2024$99K
FY2025$138K
Expenses
$21K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$21K
FY2021$43K
FY2022$26K
FY2023$50K
FY2024$26K
FY2025$54K
Net assets
$1.0M
FY2020
Tap a bar for its year
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 FY2020 Form 990 · see the original

Form 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 Dec 1987.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $21K

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Merz
President
$0Pt VII · Sec A
See Maam Foundation executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Showcases aviation history and offers educational programs about flight.

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Provided by the organization

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1 program · in their own filed words · FY2020
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

Pt IX · col B

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
Individual RecipientFY2023$15,250
Individual RecipientFY2023$9,100
City of LiberalFY2022$6,250
City of LiberalFY2021$16,139

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$45K
Ln 12
Investment incomeLn 3$40K
Gifts and grantsLn 1h$4K
Other incomeLn 4–11$2K
Money outPt IX
$21K
Ln 25
Managementcol C$21K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Investment incomeLn 3$40K
Other incomeLn 4–11$2K
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
InvestmentsLn 11–13$990K
Land, buildings, equipmentLn 10c$714
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$55K$50K
InvestmentsLn 11–13$961K$990K
Land, buildings, equipmentLn 10c$909$714
Total assetsLn 16$1.0M$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$338$338
Depreciation, depletion and amortizationLn 22$195$195
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$21K$0$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $138K$54K$83K$1.3M 990 PDF
FY2024 $99K$26K$73K$1.2M 990 PDF
FY2023 $42K$50K−$8K$1.1M 990 PDF
FY2022 $58K$26K$32K$1.1M 990 PDF
FY2021 $112K$43K$69K$1.1M 990 PDF
FY2020 Viewing $45K$21K$24K$1.0M 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
See the full FY2020 990 (6 parts)
Part I · Summary $45,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $857$3,900
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $30,441$39,581
I-11 Other revenuePrior year $6,962$1,703
I-12 Total revenuePrior year $38,260$45,184
I-13 Grants and similar amounts paidPrior year $0$0
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 $15,385$20,738
I-18 Total expensesPrior year $15,385$20,738
I-19 Revenue less expensesPrior year $22,875$24,446
Part VI · Governance 0 of 13 board members independent, 5 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $45,184 across 6 lines filed
VIII-1b Membership dues$1,550
VIII-1f All other contributions, gifts and grants$2,350
VIII-1h Total contributions, gifts and grants$3,900
VIII-3 Investment incomeExcluded from tax $39,581$39,581
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,703$1,703
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $41,284$45,184
Part IX · Statement of functional expenses $20,738 across 4 lines filed
IX-13 Office expensesManagement $338$338
IX-22 Depreciation, depletion and amortizationManagement $195$195
IX-24 Other expenses (24a–d)Management $18,623$18,623
IX-24e All other expensesManagement $1,582$1,582
IX-25 Total functional expensesPrograms $0 · Management $20,738 · Fundraising $0$20,738
Part X · Balance sheet $1,041,213 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $55,219$50,456
X-10c Land, buildings and equipment, netStart of year $909$714
X-11 Publicly traded securitiesStart of year $960,639$990,043
X-16 Total assetsStart of year $1,016,767$1,041,213
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $256,286$259,097
X-28 Net assets with donor restrictionsStart of year $760,481$782,116
X-32 Total net assets or fund balancesStart of year $1,016,767$1,041,213
X-33 Total liabilities and net assetsStart of year $1,016,767$1,041,213
Part XI · Reconciliation of net assets $1,041,213 net assets at year end
XI-1 Total revenue$45,184
XI-2 Total expenses$20,738
XI-3 Revenue less expenses$24,446
XI-4 Net assets at start of year$1,016,767
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,041,213

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

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