Air Force Historical Foundation

Tax-deductible

Mechanicsvlle, MD501(c)(3)EIN 63-0334304Revenue $272K in FY2025

On file with the IRSafhistoricalfoundation.orgPo Box 405, 20659-0405 · Mechanicsvlle, MDTax-exempt since Apr 1954Publicly supported — 509(a)(2)

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Preservation of the history of the United States Air Force.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$75K 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

FY2025 · 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 5
filings with a surplus
Average deficit $52K a year · 23% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
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
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$272K
-16% vs prior year
Spent
$344K
To programs
90%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$272K
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$156K
FY2022$187K
FY2023$189K
FY2024$323K
FY2025$272K
Expenses
$344K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$184K
FY2022$227K
FY2023$328K
FY2024$304K
FY2025$344K
Net assets
$1.0M
FY2025▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$1.3M
FY2023$1.1M
FY2024$1.2M
FY2025$1.0M

From the FY2025 Form 990 (year ending May 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1954.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $310K Management & general 10% · $34K

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

15 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$75,000Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
2nd Vice Presid
$0Pt VII · Sec A
Vicechair Space
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Dik a Daso$75,000$51,650$51,098——
Lt Col James Vertenten Usaf Ret——$10,250$63,000—
Col James Vertenten Usaf Ret————$60,625
Steve Newbold——$13,600——

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.

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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 the history of the United States Air Force through collections and education.

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Provided by the organization

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1 program · $310K · in their own filed words · FY2024
01

Preservation and appreciation of the history of the United States Air Force and its predecessors.

$310Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$272K
Ln 12
Investment incomeLn 3$139K
Gifts and grantsLn 1h$100K
Fees for servicesLn 2g$32K
Money outPt IX
$344K
Ln 25
Programscol B$310K
Managementcol C$34K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$1.0M
LiabilitiesLn 26$6K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Government grantsLn 1e$17K
Fees for servicesLn 2g$32K
Investment incomeLn 3$139K
Gains on assetsLn 7$111K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$17K
Cash and savings togetherLn 1–2$17K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.0M
LiabilitiesLn 26$6K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$130K$17K
InvestmentsLn 11–13$1.0M$1.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.2M$1.0M
LiabilitiesLn 26$36K$6K
Net assetsLn 32$1.2M$1.0M
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$75K$68K$8K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$71K$64K$7K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$10K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$8K$890
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$563$507$56
Office expensesLn 13$427$384$43
Information technologyLn 14$5K$4K$484
RoyaltiesLn 15$0
OccupancyLn 16$17K$15K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K$11K$1K
InsuranceLn 23$2K$2K$210
Other expenses (24a–d)Ln 24$133K$120K$13K
All other expensesLn 24e$9K$8K$853
Total functional expensesLn 25$344K$310K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $272K$344K−$72K$1.0M 990 PDF
FY2024 $323K$304K$20K$1.2M 990 PDF
FY2023 $189K$328K−$139K$1.1M 990 PDF
FY2022 $187K$227K−$40K$1.3M 990 PDF
FY2021 $156K$184K−$28K$1.5M 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 FY2025 990 (6 parts)
Part I · Summary $272,111 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $144,081$100,382
I-9 Program service revenuePrior year $75,212$32,392
I-10 Investment incomePrior year $96,865$139,337
I-11 Other revenuePrior year $7,169$0
I-12 Total revenuePrior year $323,327$272,111
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $146,485$156,720
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,078$187,432
I-18 Total expensesPrior year $303,563$344,152
I-19 Revenue less expensesPrior year $19,764−$72,041
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $272,111 across 12 lines filed
VIII-1a Federated campaigns$108
VIII-1b Membership dues$42,494
VIII-1e Government grants$16,610
VIII-1f All other contributions, gifts and grants$41,170
VIII-1h Total contributions, gifts and grants$100,382
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,392$32,392
VIII-3 Investment incomeRelated to mission $28,146$28,146
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $111,191$111,191
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $171,729$272,111
Part IX · Statement of functional expenses $344,152 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 $67,500 · Management $7,500$75,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $63,526 · Management $7,058$70,584
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,022 · Management $1,114$11,136
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $8,010 · Management $890$8,900
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $507 · Management $56$563
IX-13 Office expensesPrograms $384 · Management $43$427
IX-14 Information technologyPrograms $4,354 · Management $484$4,838
IX-15 Royalties$0
IX-16 OccupancyPrograms $14,949 · Management $1,661$16,610
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $10,871 · Management $1,208$12,079
IX-23 InsurancePrograms $1,895 · Management $210$2,105
IX-24 Other expenses (24a–d)Programs $120,048 · Management $13,339$133,387
IX-24e All other expensesPrograms $7,670 · Management $853$8,523
IX-25 Total functional expensesPrograms $309,736 · Management $34,416 · Fundraising $0$344,152
Part X · Balance sheet $1,046,730 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $120$0
X-2 Savings and temporary cash investmentsStart of year $129,884$17,362
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$112
X-9 Prepaid expenses and deferred chargesStart of year $19,934$1,751
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,036,208$1,026,228
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $13,356$1,277
X-15 Other assets$0
X-16 Total assetsStart of year $1,199,502$1,046,730
X-17 Accounts payable and accrued expensesStart of year $9,190$998
X-19 Deferred revenueStart of year $26,482$5,454
X-26 Total liabilitiesStart of year $35,672$6,452
X-27 Net assets without donor restrictionsStart of year $1,163,830$1,040,278
X-32 Total net assets or fund balancesStart of year $1,163,830$1,040,278
X-33 Total liabilities and net assetsStart of year $1,199,502$1,046,730
Part XI · Reconciliation of net assets $1,040,278 net assets at year end
XI-1 Total revenue$272,111
XI-2 Total expenses$344,152
XI-3 Revenue less expenses−$72,041
XI-4 Net assets at start of year$1,163,830
XI-5 Net unrealized gains (losses) on investments−$51,511
XI-10 Net assets at end of year$1,040,278

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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