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Nonprofit · EIN 37-1372053

NATIONAL STEARMAN FOUNDATION INC

Tax-exempt · GALESBURG, IL 61402

Financials

$253K$42K2023$74K$58K2024$104K$51K2025
Revenue Expenses · by fiscal year end
Financials of NATIONAL STEARMAN FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$104,091$51,426$52,665$1,420,016$0$1,420,016
December 31, 2024990$73,854$57,664$16,190$1,367,252$0$1,367,252
December 31, 2023990$252,502$41,931$210,571$1,338,060$0$1,338,060
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$91,584
Program service revenue
$0
Investment income
$12,138
Net gain from sales of assets
$8,960
Net income from fundraising events
$369
Other revenue
$369

Expenses

Grants and similar amounts paid
$1,036
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$200
Occupancy
$5,137
Depreciation
$35,341
Program services (functional)
$47,444
Management and general (functional)
$3,982

Balance sheet and other

Total assets, start of year
$1,367,252
Total assets, end of year
$1,420,016
Total liabilities, end of year
$0
Net assets, end of year
$1,420,016
Land, buildings and equipment
$1,128,815
Publicly traded securities
$166,239
Gross receipts
$209,691
Employees
0
Volunteers
15
Year formed
1998
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
PHILIP WOLFORDPRESIDENT
Trustee or director, Officer
4$0
JEANNE CONLONVICE-PRESIDENT
Trustee or director, Officer
3$0
BEN MCMAHANSECRETARY-TREASURER
Trustee or director, Officer
6$0
DAVID CHRISTENSENDIRECTOR
Trustee or director
2$0
BRAD JOHNSONDIRECTOR
Trustee or director
1$0
TYE HAMMERLEDIRECTOR
Trustee or director
1$0
STU OLMSTEDDIRECTOR
Trustee or director
2$0
TRENT COXDIRECTOR
Trustee or director
1$0
HARREL TIMMONSDIRECTOR EMERITUS
Trustee or director
2$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
HARREL TIMMONSPRESIDENT DIRECTOR
Trustee or director, Officer
5$0
PHILIP WOLFORDSECRETARY DIRECTOR
Trustee or director, Officer
5$0
BEN MCMAHANTREASURER DIRECTOR
Trustee or director, Officer
10$0
LYNNE BEAVERDIRECTOR
Trustee or director
1$0
JEANNE CONLONDIRECTOR
Trustee or director
2$0
DAVID CHRISTENSENDIRECTOR
Trustee or director
1$0
BRAD JOHNSONDIRECTOR
Trustee or director
1$0
TYE HAMMERLEDIRECTOR
Trustee or director
1$0
Stu OhmstedDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
HARREL TIMMONSPRESIDENT DIRECTOR
Trustee or director, Officer
5$0
PHILIP WOLFORDSECRETARY DIRECTOR
Trustee or director, Officer
5$0
BEN MCMAHANTREASURER DIRECTOR
Trustee or director, Officer
10$0
LYNNE BEAVERDIRECTOR
Trustee or director
1$0
JEANNE CONLONDIRECTOR
Trustee or director
2$0
DAVID CHRISTENSENDIRECTOR
Trustee or director
1$0
BRAD JOHNSONDIRECTOR
Trustee or director
1$0
TYE HAMMERLEDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 1937, GALESBURG, IL 61402-1937
In care of
% HARREL TIMMONS
Mailing address (990-N for 2019)
1920 PATTERSON DRIVE, GALESBURG IL 61401
Principal officer (990 for 2025)
Stu Olmsted, 219 Briarwood PL, Dahinda, IL 61428
Principal officer (990-N for 2019)
HARREL W TIMMONS, 1414 245th Avenue, GALESBURG IL 61401
Signed the 990
Stu Olmsted, President
Phone
(309) 343-6409

Mission

TO DEVELOP AND OPERATE A FACILITY VENUE TO PRESERVE AND DISPLAY STEARMAN AIRCRAFT AND ARTIFACTS FOR HISTORICAL RESEARCH AND PUBLIC EDUCATION. IN ADDITION TO PROVIDE FUNDING FOR THE ANNUAL STEARMAN FLY-IN AND THUS PROMOTE INTEREST IN STEARMAN AIRCRAFT BY YOUTH AND ADULTS.

990 for the year ended December 31, 2025

Program accomplishments

  • THE ORGANIZATION OPERATES A HANGER FACILITY THAT SERVES AS A YEAR-ROUND HOME FOR STEARMAN ARTIFACTS AND MEMORABILIA STEARMAN AIRPLANES FLY-IN OFFICES CONFERENCE ROOM STORAGE AND THE ANNUAL STEARMAN FLY-IN.
    Expenses $47,444 · grants $1,036

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-1372053
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,420,016
Income (IRS master file)
$209,691

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$104,091$51,426$1,420,016IRS
990December 2024$73,854$57,664$1,367,252IRS
990December 2023$252,502$41,931$1,338,060XML
990December 2022$116,437$24,853$1,114,962IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2019
Officer: HARREL W TIMMONS
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1372053).

Questions about NATIONAL STEARMAN FOUNDATION INC

What is the EIN of NATIONAL STEARMAN FOUNDATION INC?
The employer identification number (EIN) of NATIONAL STEARMAN FOUNDATION INC is 37-1372053.
Is NATIONAL STEARMAN FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to NATIONAL STEARMAN FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NATIONAL STEARMAN FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL STEARMAN FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL STEARMAN FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NATIONAL STEARMAN FOUNDATION INC?
The 990 for the year ended December 31, 2025 names Stu Olmsted.
Who are the officers and directors of NATIONAL STEARMAN FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does NATIONAL STEARMAN FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $104,091, expenses of $51,426 and total assets of $1,420,016 at year end.

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