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Vintage Wings FY2020 filing

Bluffton, SCUnknown exempt organization EIN 82-4364039Revenue $34K in FY2020

On file with the IRSvintagewings.org12 Hardaway Street · Bluffton, SC

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Aviation museum dedicated to the restoration, preservation and public education concerning antique and Vintage aircrafts

54¢ of each $1 spent went to programs.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
Spent
$47K
To programs
54%
Net assets
$503K
By yearFY2020–FY2023
Revenue
$34K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$34K
FY2021$10K
FY2022$7K
FY2023−$360K
Net assets
$503K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$503K
FY2021$490K
FY2022$487K
FY2023$113K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $25K Management & general 31% · $15K Fundraising 15% · $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

6 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation
Eric Drugge
President
$17,500Pt VII · Sec A
Don Bennett
Board Member
$0Pt VII · Sec A
Frank Riddick
Board Member
$0Pt VII · Sec A
Steve Koegler
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vintage Wings 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

Restores, preserves, and educates the public about antique and vintage aircraft.

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Provided by the organization

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2 programs · $25K · in their own filed words · FY2020
01

The organization maintained its hanger space to house and show its vintage airplanes and restoration equipment.

$20Kprogram expense
02

The organization conducted restoration work on vintage aircrafts that were donated during the current and prior year.

$5Kprogram 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
The Ayco Charitable FoundationFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$34K
Ln 12
Gifts and grantsLn 1h$34K
Money outPt IX
$47K
Ln 25
Programscol B$25K
Managementcol C$15K
Fundraisingcol D$7K
Owns and owesPt X
$503K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$526K
LiabilitiesLn 26$23K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Total revenueLn 12$34K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$491K
Total assetsLn 16$526K
LiabilitiesLn 26$23K
Net assetsLn 32$503K
OperationsPt I, VI
EmployeesI 51
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$58K$30K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$554K$526K
LiabilitiesLn 26$38K$23K
Net assetsLn 32$516K$503K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$18K$6K$6K$6K
Payroll taxesLn 10$1K$446$447$446
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$350$350
Advertising and promotionLn 12$450$450
Office expensesLn 13$4K$690$3K$186
Information technologyLn 14$939$639$300
OccupancyLn 16$14K$14K
TravelLn 17$150$150
InterestLn 20$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$47K$25K$15K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest −$360K$113K 990 PDF
FY2022 $7K$487K 990 PDF
FY2021 $10K$490K 990 PDF
FY2020 Viewing $34K$47K−$13K$503K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $33,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $479,092$33,654
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $479,092$33,654
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,500$18,839
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $55,878$27,937
I-18 Total expensesPrior year $62,378$46,776
I-19 Revenue less expensesPrior year $416,714−$13,122
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $33,654 across 4 lines filed
VIII-1b Membership dues$300
VIII-1f All other contributions, gifts and grants$33,354
VIII-1h Total contributions, gifts and grants$33,654
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$33,654
Part IX · Statement of functional expenses $46,776 across 12 lines filed
IX-7 Other salaries and wagesPrograms $5,833 · Management $5,834 · Fundraising $5,833$17,500
IX-10 Payroll taxesPrograms $446 · Management $447 · Fundraising $446$1,339
IX-11c Accounting feesManagement $3,260$3,260
IX-11g Other fees for servicesPrograms $350$350
IX-12 Advertising and promotionFundraising $450$450
IX-13 Office expensesPrograms $690 · Management $2,837 · Fundraising $186$3,713
IX-14 Information technologyManagement $639 · Fundraising $300$939
IX-16 OccupancyPrograms $13,559$13,559
IX-17 TravelPrograms $150$150
IX-20 InterestManagement $1,510$1,510
IX-23 InsurancePrograms $1,007$1,007
IX-24 Other expenses (24a–d)Programs $2,999$2,999
IX-25 Total functional expensesPrograms $25,034 · Management $14,527 · Fundraising $7,215$46,776
Part X · Balance sheet $525,949 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $58,261$30,350
X-10c Land, buildings and equipment, netStart of year $4,500$4,500
X-15 Other assetsStart of year $491,099$491,099
X-16 Total assetsStart of year $553,860$525,949
X-17 Accounts payable and accrued expensesStart of year $1,980$73
X-26 Total liabilitiesStart of year $37,829$23,040
X-27 Net assets without donor restrictionsStart of year $516,031$502,909
X-32 Total net assets or fund balancesStart of year $516,031$502,909
X-33 Total liabilities and net assetsStart of year $553,860$525,949
Part XI · Reconciliation of net assets $502,909 net assets at year end
XI-1 Total revenue$33,654
XI-2 Total expenses$46,776
XI-3 Revenue less expenses−$13,122
XI-4 Net assets at start of year$516,031
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$502,909

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

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