2025-11-12T13:03:34-06:00 2024-12-31 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2024-01-01 742318005 AMERICAN AIRPOWER HERITAGE FOUNDATION INC AMER 8777677175 PO BOX 764769 DALLAS TX 75376 LANCE LINGUIST CFO 8777677175 2025-11-10 1 1 SARA BURKHART P01435955 9724901970 2025-11-10 2024 2025-03-06 01:10:19Z LANCE LINGUIST PO BOX 764769 DALLAS TX 75376 4582211 0 X WWW.COMMEMORATIVEAIRFORCE.COM X 1983 TX ASSIST THE CAF, AAHFM AND THE AAHM IN THE PRESERVATION, OPERATION & EXHIBITION OF WORLD WAR II AIRCRAFT & RELATED PARAPHERNALIA AND ADMINISTER ENDOWMENT FUND MONIES FOR ORGANIZATIONAL PURPOSES OF CAF/MUSEUM. 5 5 0 0 0 0 7238805 2423712 691149 802477 1093917 369157 329305 109932 9353176 3705278 0 914960 0 0 0 0 0 0 104203 1822788 1194265 1822788 2109225 7530388 1596053 18884948 21752987 127863 97745 18757085 21655242 TO ASSIST THE COMMEMORATIVE AIR FORCE, INC. (CAF), THE AMERICAN AIRPOWER HERITAGE FLYING MUSEUM, INC. (AAHFM), AND THE AMERICAN AIRPOWER HERITAGE MUSEUM, INC. (AAHM) IN THE PRESERVATION, OPERATION, AND EXHIBITION OF WORLD WAR II AIRCRAFT AND RELATED PARAPHENALIA. 0 0 2005022 914960 911301 TO FOSTER AND PERPETUATE THE COMMEMORATIVE AIR FORCE AND THE AMERICAN AIRPOWER HERITAGE MUSEUM AND THEIR GOALS AND OBJECTIVES BY ACCEPTING CONTRIBUTIONS AND GIFTS AND ANY OTHER ACTIVITIES WHICH SHALL GENERATE FUNDS FOR THE CONTINUING EXISTENCE OF THE COMMEMORATIVE AIR FORCE AND THE AMERICAN AIRPOWER HERITAGE MUSEUM. 2005022 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X LANCE LINGUIST 8777677175 PO BOX 764769 DALLAS TX 75376 X MARK NOVAK BOARD MEMBER 5.00 X 0 0 0 GERALD OLIVER BOARD MEMBER 5.00 X 0 0 0 DENNIS SCHELL BOARD MEMBER 5.00 X 0 0 0 RANDY WILSON BOARD MEMBER 5.00 X 0 0 0 COL VICTOR N AGATHER CHAIRMAN 5.00 X 0 0 0 HENRY COATES PRESIDENT (TERM ENDED IN 2024) 5.00 X 0 0 0 DAVID OLIVER PRESIDENT (TERM BEGAN IN 2024) 5.00 X 0 0 0 LANCE LINGUIST SECRETARY/TREASURER 5.00 X 0 0 0 0 0 0 0 0 0 0 0 1857470 566242 2423712 AIRCRAFT SPONSORSHIPS 900099 454016 454016 MEMBERSHIP DUES 900099 193925 193925 APPEARANCE & AIRSHOW 900099 145304 145304 AIRCRAFT RIDES 900099 9232 9232 802477 399444 399444 846646 876933 -30287 -30287 -30287 INSURANCE RECOVERY 900099 108766 108766 OTHER INCOME 900099 1108 1108 FUEL TAX REBATE 900099 58 58 109932 3705278 911301 0 370265 914960 914960 16109 7924 8185 8225 8225 2087 2087 AIRCRAFT MAINTENANCE 880282 880282 AIRCRAFT ACQUISITION 104207 104207 TRUST & BANK FEES 97866 1848 96018 AIRCRAFT HANGAR RENT 42933 42933 42556 42556 2109225 2005022 0 104203 105000 105000 1316190 1190363 5017325 20201 76336 92899 2527622 1998308 1600 9759293 17735305 81582 610911 18884948 21752987 61855 67634 66008 30111 127863 97745 X 1000808 3389626 17756277 18265616 18757085 21655242 18884948 21752987 1596053 1302104 0 X X 0 1 X 1 0 X 648819 839148 2217075 7238805 2423712 13367559 510712 931857 997031 1020454 911301 4371355 1159531 1771005 3214106 8259259 3335013 17738914 0 155389 361686 2027964 280006 1572009 4397054 155389 361686 2027964 280006 1572009 4397054 13341860 140215 185769 187084 240429 399444 1152941 140215 185769 187084 240429 399444 1152941 1108 1108 1299746 1956774 3401190 8499688 3735565 18892963 0.70620 0.87390 0.06100 0.12610 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2024 AMOUNT: $ 1,108. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15442671 2277735 195036 637609 17277833 9767998 5504582 188557 18466 15442671 7694528 2397284 -170852 152962 9767998 7412296 185794 120679 24241 7694528 6552556 764022 118849 23131 7412296 0.10200 0.89800 0 0 0 SHORT TERM INVESTMENTS -180256 F PERMANTLY RESTRICTED INVESTMENTS 7362131 F TEMPORARILY RESTRICTED INVESTMENTS 747127 F BOARD RESTRICTED INVESTMENTS 718718 F UNRESTRICTED INVESTMENTS 9087585 F 17735305 OTHER LONG TERM NOTES PAYABLE 30111 30111 X 5007382 1302104 1302104 3705278 0 3705278 2109225 0 2109225 0 2109225 PART X, LINE 2: THE GROUP IS COMPRISED OF QUALIFIED NONPROFIT ORGANIZATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING FOR UNCERTAIN TAX POSITIONS GUIDANCE REQUIRES THAT THE GROUP RECOGNIZE IN ITS CONSOLIDATED FINANCIAL STATEMENTS THE FINANCIAL EFFECT OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE GUIDANCE ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO THE GROUP'S TAX EXEMPT STATUS FOR FEDERAL TAX PURPOSES AND STATE FILING REQUIREMENTS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN BY THE GROUP WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, THE GROUP HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. 0 THE COMMEMORATIVE AIR FORCE PO BOX 764769 DALLAS TX 753764769 741484491 501(C)(3) 385300 0 GENERAL FUNDING AMERICAN AIRPOWER HERITAGE MUSEUM PO BOX 764769 DALLAS TX 753764769 742553763 501(C)(3) 152000 0 GENERAL FUNDING 2 FORM 990, PART VI, SECTION A, LINE 2 GERALD OLIVER AND DAVID OLIVER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE AMERICAN AIRPOWER HERITAGE FOUNDATION, INC. (AAHF) IS A NONPROFIT CORPORATION, WITHOUT VOTING MEMBERS, ESTABLISHED IN 1983 TO ASSIST IN THE PRESERVATION OF WORLD WAR II AND OTHER HISTORICAL AIRCRAFT AND TEACHING THE TRADITIONS, HERITAGES AND ACCOMPLISHMENTS OF THE MILITARY AIR SERVICES OF THE UNITED STATES. THE PRIMARY OBJECTIVE OF THE AAHF WAS TO ESTABLISH AND MANAGE AN ENDOWMENT FUND FOR THE BENEFIT OF THE CAF. IT WAS CHARGED WITH THE RESPONSIBILITY OF INVESTING LIFE MEMBERSHIP FUNDS AND ENDOWMENT FUNDS, WHICH HAD BEEN CREATED FROM DONATIONS AND GIFTS. THE BY-LAWS OF THE AAHF PROVIDE THAT THERE IS ONLY ONE SINGLE VOTING MEMBER OF THE AAHF, THAT BEING THE CAF. THE BOARD OF DIRECTORS OF THE AAHF IS NO LONGER REQUIRED TO HAVE A MAJORITY OF CAF GENERAL STAFF MEMBERS ON THE BOARD. IN ADDITION, OWNERSHIP OF LIFE MEMBERSHIP FUNDS AND AIRCRAFT FUNDS ARE IN THE AAHF. THE AAHF MANAGES AND RETAINS SPONSORSHIP FUNDS. BY-LAWS (SECTION 3.1) THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS ("MEMBERS"). THE SOLE MEMBER OF THE CORPORATION SHALL BE THE CAF. FORM 990, PART VI, SECTION A, LINE 7A BY-LAWS (SECTION 3.5) THE SOLE MEMBER (CAF) SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B BY-LAWS (SECTION 3.5) THE SOLE MEMBER (CAF) SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY LANCE LINGUIST BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD AND DIRECTOR MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 ANY DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION CAN BE VIEWED BY REQUEST. 990 PG 12, PART XII, LINE 2C NO CHANGES WERE MADE TO THE OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. COMMEMORATIVE AIR FORCE PO BOX 764769 DALLAS TX 75376 741484491 PUBLIC ENJOYMENT TX 501(C)(3) LINE 10 N/A 0 AMERICAN AIRPOWER HERITAGE MUSEUM INC PO BOX 764769 DALLAS TX 75376 742553763 MUSEUM/RESTORATION TX 501(C)(3) LINE 12B, II N/A 0 AMERICAN AIRPOWER HERITAGE FLYING MUSEUM PO BOX 764769 DALLAS TX 75376 742554138 MUSEUM TX 501(C)(3) LINE 12A, I N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COMMEMORATIVE AIR FORCE B 385300 CASH COMMEMORATIVE AIR FORCE C 1566721 CASH AMERICAN AIRPOWER HERITAGE MUSEUM B 152000 CASH