Beechcraft Heritage Museum INC

Tax-deductible

Tullahoma, TN501(c)(3)Arts & CultureEIN 62-0909146Revenue $838K in FY2024

On file with the IRSbeechcrafthm.orgPo Box 550, 37388-0550 · Tullahoma, TNTax-exempt since Jun 1974Publicly supported charity — 170(b)(1)(A)(vi)

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To acquire, preserve and protect Beechcraft aircraft and aircraft artifacts to educate the public and flying community about Beechcraft to motivate and inspire youth to be involved in aviation.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$192K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $257K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$192K
to officers and key staff · 29% of spending
Top officer’s pay higher than 81% of similar orgs
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $35K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 32 voting members
Concern: none of 32 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$838K
+55% vs prior year
Spent
$656K
To programs
81%
Net assets
$16.2M
By yearFY2020–FY2024
Revenue
$838K
FY2024▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$883K
FY2021$1.0M
FY2022$947K
FY2023$542K
FY2024$838K
Expenses
$656K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$465K
FY2021$590K
FY2022$622K
FY2023$610K
FY2024$656K
Net assets
$16.2M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.2M
FY2021$15.7M
FY2022$14.4M
FY2023$15.5M
FY2024$16.2M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1974.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $532K Management & general 18% · $118K Fundraising 1% · $7K

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

39 people listed on the 990; $192K paid to officers and key staff.

Part VII, Section A · reportable compensation
$86,934Pt VII · Sec A
Executive VP
$65,956Pt VII · Sec A
Secretary
$39,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Charles Parish’s $87K as President is at the 81st percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Charles Parish$86,934$84,000$86,166$83,903$63,346
Jody Curtis$65,956$62,000$59,846$54,000$48,288
Sherry Roepke$39,000$38,500$37,202$36,000—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Beechcraft Heritage Museum INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and protects Beechcraft aircraft and artifacts to educate and inspire aviation enthusiasts.

Provided by the organization

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1 program · $532K · in their own filed words · FY2024
01

Expenses and depreciation related to the museums exempt function such as the hangar museum and restoration center, related repairs maintenance and general upkeep of the museum

$532Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$35K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$838K
Ln 12
Gifts and grantsLn 1h$544K
Other incomeLn 4–11$253K
Fees for servicesLn 2g$41K
Money outPt IX
$656K
Ln 25
Programscol B$532K
Managementcol C$118K
Fundraisingcol D$7K
Owns and owesPt X
$16.2M
net assets · Ln 32
Cash and savingsLn 1–2$309K
Total assetsLn 16$16.2M
LiabilitiesLn 26$26K
PeoplePt VI, VII
39
listed · VII A
PaidVII A3
Voting boardVI 1a32
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$544K
Fees for servicesLn 2g$41K
Other incomeLn 4–11$253K
Gains on assetsLn 7$0
Total revenueLn 12$838K
Assets in detailPt X, end of year
CashLn 1$309K
SavingsLn 2$0
Cash and savings togetherLn 1–2$309K
InvestmentsLn 11–13$7.2M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$5.8M
Total assetsLn 16$16.2M
LiabilitiesLn 26$26K
Net assetsLn 32$16.2M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$207K$309K
InvestmentsLn 11–13$6.8M$7.2M
Land, buildings, equipmentLn 10c$3.0M$2.9M
Total assetsLn 16$15.5M$16.2M
LiabilitiesLn 26$14K$26K
Net assetsLn 32$15.5M$16.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$192K$160K$30K$1K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$25K$20K$5K$250
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$16K$13K$3K$160
Management feesLn 11a$467$374$88$5
Legal feesLn 11b$0
Accounting feesLn 11c$20K$16K$4K$198
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$42K$34K$8K$420
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$16K$12K$3K$156
Office expensesLn 13$4K$3K$669$35
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$104K$83K$20K$1K
TravelLn 17$2K$2K$441$23
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1K$1K$259$14
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$166K$133K$32K$2K
InsuranceLn 23$26K$21K$5K$258
Other expenses (24a–d)Ln 24$33K$26K$6K$328
All other expensesLn 24e$9K$7K$888$796
Total functional expensesLn 25$656K$532K$118K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $838K$656K$182K$16.2M 990 PDF
FY2023 $542K$610K−$68K$15.5M 990 PDF
FY2022 $947K$622K$326K$14.4M 990 PDF
FY2021 $1.0M$590K$429K$15.7M 990 PDF
FY2020 $883K$465K$417K$14.2M 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 FY2024 990 (6 parts)
Part I · Summary $837,859 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $283,531$543,897
I-9 Program service revenue$40,761
I-10 Investment incomePrior year $35,000$0
I-11 Other revenuePrior year $223,008$253,201
I-12 Total revenuePrior year $541,539$837,859
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $216,222$232,892
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $393,319$423,181
I-18 Total expensesPrior year $609,541$656,073
I-19 Revenue less expensesPrior year −$68,002$181,786
Part VI · Governance 0 of 32 board members independent, 1 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $837,859 across 11 lines filed
Lines not itemized here account for $30,774 of total revenue; see the IRS return.
VIII-1b Membership dues$40,718
VIII-1f All other contributions, gifts and grants$503,179
VIII-1h Total contributions, gifts and grants$543,897
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,761$40,761
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $22,051$24,172
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $198,255$198,255
VIII-12 Total revenueRelated to mission $239,016 · Excluded from tax $52,825$837,859
Part IX · Statement of functional expenses $656,073 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $160,407 · Management $30,224 · Fundraising $1,259$191,890
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $19,993 · Management $4,748 · Fundraising $250$24,991
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $12,809 · Management $3,042 · Fundraising $160$16,011
IX-11a Management feesPrograms $374 · Management $88 · Fundraising $5$467
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $15,870 · Management $3,769 · Fundraising $198$19,837
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesPrograms $33,617 · Management $7,984 · Fundraising $420$42,021
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $12,491 · Management $2,967 · Fundraising $156$15,614
IX-13 Office expensesPrograms $2,818 · Management $669 · Fundraising $35$3,522
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $83,487 · Management $19,828 · Fundraising $1,044$104,359
IX-17 TravelPrograms $1,854 · Management $441 · Fundraising $23$2,318
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,092 · Management $259 · Fundraising $14$1,365
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $132,886 · Management $31,560 · Fundraising $1,661$166,107
IX-23 InsurancePrograms $20,652 · Management $4,905 · Fundraising $258$25,815
IX-24 Other expenses (24a–d)Programs $26,297 · Management $6,247 · Fundraising $328$32,872
IX-24e All other expensesPrograms $7,200 · Management $888 · Fundraising $796$8,884
IX-25 Total functional expensesPrograms $531,847 · Management $117,619 · Fundraising $6,607$656,073
Part X · Balance sheet $16,200,390 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $207,168$308,565
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $40,500$6,100
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $20,476$23,117
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $3,008,398$2,946,798
X-11 Publicly traded securitiesStart of year $6,804,824$7,159,966
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $5,430,844$5,755,844
X-16 Total assetsStart of year $15,512,210$16,200,390
X-17 Accounts payable and accrued expensesStart of year $7,095$8,927
X-19 Deferred revenueStart of year $6,925$7,539
X-24 Unsecured notes and loans payable$10,000
X-26 Total liabilitiesStart of year $14,020$26,466
X-27 Net assets without donor restrictionsStart of year $15,385,179$16,006,400
X-28 Net assets with donor restrictionsStart of year $113,011$167,524
X-32 Total net assets or fund balancesStart of year $15,498,190$16,173,924
X-33 Total liabilities and net assetsStart of year $15,512,210$16,200,390
Part XI · Reconciliation of net assets $16,173,924 net assets at year end
XI-1 Total revenue$837,859
XI-2 Total expenses$656,073
XI-3 Revenue less expenses$181,786
XI-4 Net assets at start of year$15,498,190
XI-5 Net unrealized gains (losses) on investments$493,948
XI-10 Net assets at end of year$16,173,924

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

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