Cavanaugh Flight Museum FY2020 filing

Tax-deductible

Denison, TX501(c)(3)Arts & CultureEIN 75-3088417

Educational Organization devoted to promoting aviation studies and perpetuating Americas aviation heritage.

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

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
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
2 of 5
filings with a surplus
Average deficit $282K a year · 45% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $52
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$189K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$731K
Spent
$871K
To programs
78%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$731K
FY2020
Revenue by fiscal year
FY2020$731K
FY2021−$123K
FY2022$324K
FY2023$1.0M
FY2024$1.2M
Expenses
$871K
FY2020
Expenses by fiscal year
FY2020$871K
FY2021$691K
FY2022$1.0M
FY2023$828K
FY2024$1.1M
Net assets
$3.4M
FY2020
Net assets by fiscal year
FY2020$3.4M
FY2021$2.6M
FY2022$1.8M
FY2023$2.0M
FY2024$2.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2005.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $683K Management & general 22% · $188K

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cavanaugh Flight Museum 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 15aNo

Programs and updates

Promotes aviation studies and preserves America's aviation heritage through education.

Provided by the organization

This section is blank until Cavanaugh Flight Museum claims this page.

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1 program service account for $683K of program spending, described in the organization's own filed words · FY2020.
01

In 2020, over 15,000 visitors viewed the On Site Exhibits of rare military aircraft located at the Museum. The Museum also provided 824 airplane rides to demonstrate the antique aircraft to Museum visitors.

$683Kprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$52

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$731K
Ln 12
Gifts and grantsLn 1h$545K
Fees for servicesLn 2g$145K
Other incomeLn 4–11$41K
Money outPt IX
$871K
Ln 25
Programscol B$683K
Managementcol C$188K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$3.6M
LiabilitiesLn 26$189K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$545K
Fees for servicesLn 2g$145K
Other incomeLn 4–11$41K
Total revenueLn 12$731K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$3.6M
LiabilitiesLn 26$189K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$45K$36K
Land, buildings, equipmentLn 10c$3.5M$3.5M
Total assetsLn 16$3.6M$3.6M
LiabilitiesLn 26$52K$189K
Net assetsLn 32$3.5M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$134K$107K$27K
Other salaries and wagesLn 7$336K$270K$67K
Other employee benefitsLn 9$75K$60K$15K
Payroll taxesLn 10$39K$31K$8K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$25K$25K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$50K$50K
Information technologyLn 14$14K$14K
OccupancyLn 16$7K$7K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$70K$32K$38K
Other expenses (24a–d)Ln 24$85K$85K
Total functional expensesLn 25$871K$683K$188K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.1M$40K$2.1M 990 PDF
FY2023 $1.0M$828K$199K$2.0M 990 PDF
FY2022 $324K$1.0M−$697K$1.8M 990 PDF
FY2021 −$123K$691K−$815K$2.6M 990 PDF
FY2020 Viewing $731K$871K−$140K$3.4M 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 (4 parts)
Part VIII · Statement of revenue $730,645 across 5 lines filed
Lines not itemized here account for $40,711 of total revenue; see the IRS return.
VIII-1b Membership dues$596
VIII-1f All other contributions, gifts and grants$544,151
VIII-1h Total contributions, gifts and grants$544,747
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $145,187$145,187
VIII-12 Total revenueRelated to mission $185,898 · Unrelated business $0 · Excluded from tax $0$730,645
Part IX · Statement of functional expenses $870,690 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $107,204 · Management $26,600$133,804
IX-7 Other salaries and wagesPrograms $269,532 · Management $66,878$336,410
IX-9 Other employee benefitsPrograms $60,436 · Management $14,996$75,432
IX-10 Payroll taxesPrograms $31,400 · Management $7,791$39,191
IX-11c Accounting feesManagement $18,675$18,675
IX-11g Other fees for servicesPrograms $24,698$24,698
IX-12 Advertising and promotionPrograms $7,085$7,085
IX-13 Office expensesPrograms $49,724$49,724
IX-14 Information technologyManagement $14,411$14,411
IX-16 OccupancyPrograms $6,600$6,600
IX-17 TravelPrograms $5,954$5,954
IX-19 Conferences, conventions and meetingsPrograms $3,574$3,574
IX-23 InsurancePrograms $32,213 · Management $38,183$70,396
IX-24 Other expenses (24a–d)Programs $84,736$84,736
IX-25 Total functional expensesPrograms $683,156 · Management $187,534 · Fundraising $0$870,690
Part X · Balance sheet $3,575,746 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $44,539$36,138
X-4 Accounts receivableStart of year $24,760$36,931
X-8 Inventories for sale or useStart of year $11,161$624
X-10c Land, buildings and equipment, netStart of year $3,483,937$3,502,053
X-16 Total assetsStart of year $3,564,397$3,575,746
X-17 Accounts payable and accrued expensesStart of year $51,821$189,099
X-26 Total liabilitiesStart of year $51,821$189,099
X-27 Net assets without donor restrictionsStart of year $3,512,576$3,386,647
X-32 Total net assets or fund balancesStart of year $3,512,576$3,386,647
X-33 Total liabilities and net assetsStart of year $3,564,397$3,575,746
Part XI · Reconciliation of net assets $3,386,647 net assets at year end
XI-1 Total revenue$730,645
XI-2 Total expenses$870,690
XI-3 Revenue less expenses−$140,045
XI-4 Net assets at start of year$3,512,576
XI-8 Prior period adjustments$14,116
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,386,647

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

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