Olympic Flight Museum FY2024 filing

Tax-deductible

Olympia, WA501(c)(3)Since 1998Arts & CultureEIN 91-1899948Revenue $164K in FY2024

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.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 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
$1K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
+22% vs prior year
Spent
$114K
To programs
83%
Net assets
$609K
By yearFY2020–FY2025
Revenue
$164K
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$23K
FY2021$80K
FY2022$53K
FY2023$134K
FY2024$164K
FY2025$173K
Expenses
$114K
FY2024▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$86K
FY2022$103K
FY2023$154K
FY2024$114K
FY2025$204K
Net assets
$609K
FY2024▲ +9%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

83 cents of each dollar spent went to programs.

Program services 83% · $94K Management & general 8% · $9K Fundraising 9% · $10K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$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 2No
  • 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 · $94K · in their own filed words · FY2024
01

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

$47Kprogram expense
02

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

$24Kprogram expense
03

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

$24Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$164K
Ln 12
Other incomeLn 4–11$94K
Gifts and grantsLn 1h$57K
Fees for servicesLn 2g$14K
Money outPt IX
$114K
Ln 25
Programscol B$94K
Managementcol C$9K
Fundraisingcol D$10K
Owns and owesPt X
$609K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$610K
LiabilitiesLn 26$1K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Noncash giftsLn 1g$47K
Fees for servicesLn 2g$14K
Investment incomeLn 3$93
Other incomeLn 4–11$94K
Gains on assetsLn 7−$116
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$0
Cash and savings togetherLn 1–2$103K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$502K
Total assetsLn 16$610K
LiabilitiesLn 26$1K
Net assetsLn 32$609K
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 FY24End FY24
Cash and savingsLn 1–2$56K$103K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$560K$610K
LiabilitiesLn 26$2K$1K
Net assetsLn 32$558K$609K
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$44K$26K$9K$9K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$3K$867$914
Management feesLn 11a$0
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$683
Office expensesLn 13$791$791
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$49K$49K
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$199$199
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$114K$94K$9K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $173K$204K−$31K$578K 990 PDF
FY2024 Viewing $164K$114K$51K$609K 990 PDF
FY2023 $134K$154K−$20K$558K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $164,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,533$56,765
I-9 Program service revenuePrior year $13,691$13,565
I-10 Investment incomePrior year $27−$23
I-11 Other revenuePrior year $69,055$94,125
I-12 Total revenuePrior year $134,306$164,432
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $32,439$47,943
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $121,770$65,763
I-18 Total expensesPrior year $154,209$113,706
I-19 Revenue less expensesPrior year −$19,903$50,726
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $164,432 across 11 lines filed
Lines not itemized here account for $3,788 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$56,765
VIII-1g Noncash contributions (included above)$46,560
VIII-1h Total contributions, gifts and grants$56,765
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,565$13,565
VIII-3 Investment incomeRelated to mission $93$93
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$116−$116
VIII-8 Net income from fundraising events$79,411
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,926$10,926
VIII-12 Total revenueRelated to mission $17,330 · Excluded from tax $10,926$164,432
Part IX · Statement of functional expenses $113,706 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 $25,885 · Management $8,625 · Fundraising $9,024$43,534
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,628 · Management $867 · Fundraising $914$4,409
IX-11a Management fees$0
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 $683$683
IX-13 Office expensesPrograms $791$791
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $48,647$48,647
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 $2,199$2,199
IX-23 InsurancePrograms $199$199
IX-24 Other expenses (24a–d)Programs $11,823$11,823
IX-24e All other expensesPrograms $1,421$1,421
IX-25 Total functional expensesPrograms $94,276 · Management $9,492 · Fundraising $9,938$113,706
Part X · Balance sheet $610,098 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $55,643$102,989
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 $3,222$2,380
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $4,918$2,719
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 $496,456$502,010
X-16 Total assetsStart of year $560,239$610,098
X-25 Other liabilitiesStart of year $2,150$1,283
X-26 Total liabilitiesStart of year $2,150$1,283
X-27 Net assets without donor restrictionsStart of year $558,089$608,815
X-32 Total net assets or fund balancesStart of year $558,089$608,815
X-33 Total liabilities and net assetsStart of year $560,239$610,098
Part XI · Reconciliation of net assets $608,815 net assets at year end
XI-1 Total revenue$164,432
XI-2 Total expenses$113,706
XI-3 Revenue less expenses$50,726
XI-4 Net assets at start of year$558,089
XI-10 Net assets at end of year$608,815

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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