War Eagles Air Museum Endowment Fund

Tax-deductible

Santa Teresa, NM501(c)(3)Since 1999Arts & CultureEIN 85-6122964

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To support War Eagles Museum

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 6
filings with a surplus
Average surplus $146K a year · 41% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+423% vs prior year
Spent
$436K
To programs
91%
Net assets
$8.2M
By yearFY2020–FY2025
Revenue
$1.4M
FY2025▲ +423%
Revenue by fiscal year
FY2020$118K
FY2021$138K
FY2022$118K
FY2023$151K
FY2024$261K
FY2025$1.4M
Expenses
$436K
FY2025▲ +7%
Expenses by fiscal year
FY2020$141K
FY2021$19K
FY2022$18K
FY2023$251K
FY2024$408K
FY2025$436K
Net assets
$8.2M
FY2025▲ +25%
Net assets by fiscal year
FY2020$6.0M
FY2021$6.8M
FY2022$5.6M
FY2023$6.2M
FY2024$6.6M
FY2025$8.2M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2000.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $396K Management & general 9% · $41K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See War Eagles Air Museum Endowment Fund 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

War Eagles Air Museum Endowment Fund is an arts and culture supporting organization based in Santa Teresa, NM, formed in 1999.

Provided by the organization

This section is blank until War Eagles Air Museum Endowment Fund claims this page.

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1 program service account for $396K of program spending, described in the organization's own filed words · FY2025.
01

War eagles air museum endowment fund supports war eagles air museum. War eagles are museum provides educational exhibition and interpretation of historic military aircraft and related military equipment. The museum is open to the public six days a week.

$396Kprogram 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 · this organization's grantmaking
Grants paid · 1 grant · $124K · 2020–2020
War Eagles Air MuseumNM · FY2020$123,530

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$364K
Money outPt IX
$436K
Ln 25
Programscol B$396K
Managementcol C$41K
Owns and owesPt X
$8.2M
net assets · Ln 32
Total assetsLn 16$8.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$364K
Gains on assetsLn 7$159K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
InvestmentsLn 11–13$8.2M
Total assetsLn 16$8.2M
LiabilitiesLn 26$0
Net assetsLn 32$8.2M
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 FY25End FY25
InvestmentsLn 11–13$6.6M$8.2M
Total assetsLn 16$6.6M$8.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.6M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$396K$396K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$100$100
Investment management feesLn 11f$36K$36K
Other fees for servicesLn 11g$3K$3K
Total functional expensesLn 25$436K$396K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.4M$436K$928K$8.2M 990 PDF
FY2024 $261K$408K−$147K$6.6M 990 PDF
FY2023 $151K$251K−$100K$6.2M 990 PDF
FY2022 $118K$18K$99K$5.6M 990 PDF
FY2021 $138K$19K$119K$6.8M 990 PDF
FY2020 $118K$141K−$23K$6.0M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,364,365 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,000,000
VIII-1h Total contributions, gifts and grants$1,000,000
VIII-3 Investment incomeExcluded from tax $205,492$205,492
VIII-7 Net gain or loss on sales of assetsRelated to mission $158,873$158,873
VIII-12 Total revenueRelated to mission $158,873 · Unrelated business $0 · Excluded from tax $205,492$1,364,365
Part IX · Statement of functional expenses $436,350 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $395,785$395,785
IX-11b Legal feesManagement $1,263$1,263
IX-11c Accounting feesManagement $100$100
IX-11f Investment management feesManagement $36,211$36,211
IX-11g Other fees for servicesManagement $2,991$2,991
IX-25 Total functional expensesPrograms $395,785 · Management $40,565 · Fundraising $0$436,350
Part X · Balance sheet $8,181,421 assets, 5 lines filed
X-11 Publicly traded securitiesStart of year $6,571,412$8,181,421
X-16 Total assetsStart of year $6,571,412$8,181,421
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,571,412$8,181,421
X-33 Total liabilities and net assetsStart of year $6,571,412$8,181,421
Part XI · Reconciliation of net assets $8,181,421 net assets at year end
XI-1 Total revenue$1,364,365
XI-2 Total expenses$436,350
XI-3 Revenue less expenses$928,015
XI-4 Net assets at start of year$6,571,412
XI-5 Net unrealized gains (losses) on investments$681,994
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,181,421

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

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