Olympic Flight Museum FY2022 filing

Tax-deductible

Olympia, WA501(c)(3)Since 1998Arts & CultureEIN 91-1899948Revenue $53K in FY2022

On file with the IRSolympicflightmuseum.com7637a Old Highway 99 Se, 98501-0000 · Olympia, WATax-exempt since Jul 1998Publicly supported charity — 170(b)(1)(A)(vi)

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The preservation and flying of vintage aircraft. The museum was founded with the goal of bringing people together to relive, recollect, and learn about aviation history. Our mission is to deliver the sights, sounds, smells, and excitement of flight to every museum visitor.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 6
filings with a surplus
Average deficit $18K a year · 17% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53K
-34% vs prior year
Spent
$103K
To programs
57%
Net assets
$578K
By yearFY2020–FY2025
Revenue
$53K
FY2022▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$23K
FY2021$80K
FY2022$53K
FY2023$134K
FY2024$164K
FY2025$173K
Expenses
$103K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$86K
FY2022$103K
FY2023$154K
FY2024$114K
FY2025$204K
Net assets
$578K
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$634K
FY2021$628K
FY2022$578K
FY2023$558K
FY2024$609K
FY2025$578K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1998.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $58K Management & general 35% · $36K Fundraising 8% · $9K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Olympic 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and flies vintage aircraft, sharing aviation history and the excitement of flight.

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Provided by the organization

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3 programs · $58K · in their own filed words · FY2022
01

Maintaining museum operations for public benefit presenting exhibits, interpretations, and heritage aviation experiences.

$29Kprogram expense
02

Develop aviation events hosted by the museum to promote interest in aviation and the preservation of aviation history to the community.

$15Kprogram expense
03

Off site appearances thoughout the pacific northwest to promote education and awareness of aviation history.

$15Kprogram 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 1 funder$2K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$53K
Ln 12
Gifts and grantsLn 1h$24K
Other incomeLn 4–11$18K
Fees for servicesLn 2g$11K
Money outPt IX
$103K
Ln 25
Programscol B$58K
Managementcol C$36K
Fundraisingcol D$9K
Owns and owesPt X
$578K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$580K
LiabilitiesLn 26$2K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Fees for servicesLn 2g$11K
Other incomeLn 4–11$18K
Gains on assetsLn 7−$101K
Total revenueLn 12$53K
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$0
Cash and savings togetherLn 1–2$71K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$496K
Total assetsLn 16$580K
LiabilitiesLn 26$2K
Net assetsLn 32$578K
OperationsPt I, VI
EmployeesI 59
VolunteersI 650
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 FY22End FY22
Cash and savingsLn 1–2$7K$71K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K$4K
Total assetsLn 16$633K$580K
LiabilitiesLn 26$5K$2K
Net assetsLn 32$628K$578K
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$26K$12K$12K$3K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$1K$1K$256
Management feesLn 11a$2K$1K$1K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$683$308$307$68
Office expensesLn 13$5K$4K$887
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$50K$35K$15K
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$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$4K$3K$4K
All other expensesLn 24e$483$483
Total functional expensesLn 25$103K$58K$36K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $173K$204K−$31K$578K 990 PDF
FY2024 $164K$114K$51K$609K 990 PDF
FY2023 $134K$154K−$20K$558K 990 PDF
FY2022 Viewing $53K$103K−$50K$578K 990 PDF
FY2021 $80K$86K−$6K$628K 990 PDF
FY2020 $23K$72K−$49K$634K 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 FY2022 990 (6 parts)
Part I · Summary $53,020 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,270$23,981
I-9 Program service revenuePrior year $8,582$11,089
I-10 Investment income−$101,399
I-11 Other revenuePrior year $65,099$119,349
I-12 Total revenuePrior year $79,951$53,020
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $14,452$28,989
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,528$73,767
I-18 Total expensesPrior year $85,980$102,756
I-19 Revenue less expensesPrior year −$6,029−$49,736
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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 payYes
Part VIII · Statement of revenue $53,020 across 10 lines filed
Lines not itemized here account for $2,807 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$23,981
VIII-1h Total contributions, gifts and grants$23,981
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,089$11,089
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 assetsRelated to mission −$101,399−$101,399
VIII-8 Net income from fundraising events$80,232
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,600 · Excluded from tax $8,710$36,310
VIII-12 Total revenueRelated to mission −$59,903 · Excluded from tax $8,710$53,020
Part IX · Statement of functional expenses $102,756 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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $11,891 · Management $11,891 · Fundraising $2,642$26,424
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,155 · Management $1,154 · Fundraising $256$2,565
IX-11a Management feesPrograms $1,250 · Fundraising $1,250$2,500
IX-11b Legal fees$0
IX-11c Accounting fees$0
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 $308 · Management $307 · Fundraising $68$683
IX-13 Office expensesPrograms $4,050 · Management $887$4,937
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $34,735 · Management $14,887$49,622
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 amortizationManagement $1,668$1,668
IX-23 InsuranceManagement $1,892$1,892
IX-24 Other expenses (24a–d)Programs $4,225 · Management $3,421 · Fundraising $4,336$11,982
IX-24e All other expensesPrograms $483$483
IX-25 Total functional expensesPrograms $58,097 · Management $36,107 · Fundraising $8,552$102,756
Part X · Balance sheet $580,317 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $6,923$70,861
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $8,561$8,800
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,053$4,200
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $615,456$496,456
X-16 Total assetsStart of year $632,993$580,317
X-25 Other liabilitiesStart of year $265$2,325
X-26 Total liabilitiesStart of year $5,265$2,325
X-27 Net assets without donor restrictionsStart of year $627,728$577,992
X-32 Total net assets or fund balancesStart of year $627,728$577,992
X-33 Total liabilities and net assetsStart of year $632,993$580,317
Part XI · Reconciliation of net assets $577,992 net assets at year end
XI-1 Total revenue$53,020
XI-2 Total expenses$102,756
XI-3 Revenue less expenses−$49,736
XI-4 Net assets at start of year$627,728
XI-10 Net assets at end of year$577,992

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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