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Nonprofit · EIN 71-0789481

AVIATION CADET MUSEUM INC

Tax-exempt · EUREKA SPGS, AR 72632

Financials

$7K$20K2023$7K$20K2024
Revenue Expenses · by fiscal year end
Financials of AVIATION CADET MUSEUM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,016$19,610-$12,594$494,154$294,839$199,315
December 31, 2023990$7,016$19,651-$12,635$523,084$294,839$228,245
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,308
Program service revenue
$1,925
Investment income
$0
Net rental income
$783
Other revenue
$783

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$240
Occupancy
$1,750
Depreciation
$11,357
Program services (functional)
$19,610

Balance sheet and other

Total assets, start of year
$523,084
Total assets, end of year
$494,154
Total liabilities, end of year
$294,839
Net assets, end of year
$199,315
Land, buildings and equipment
$365,191
Gross receipts
$7,016
Employees
0
Year formed
1996
State of legal domicile
AR

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Errol SeverePresident
Trustee or director, Officer
10$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
Errol SeverePresident
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
542 COUNTY ROAD 2073, EUREKA SPGS, AR 72632-9630
In care of
% ERROL SEVERE
Principal officer (990 for 2024)
Errol Severe, 542 CR 2073, Eureka Springs, AR 72632
Signed the 990
ERROL SEVERE, President
Phone
(479) 253-5008
Return prepared by
The Killingsworth Firm CPA PLLC

Mission

Provide Education and Increased Awarenes of Aviation Cadets

990 for the year ended December 31, 2024

Program accomplishments

  • Operate an aviation cadet museum to educate the general public about aviation and aviation history
    Expenses $19,610 · revenue $7,016

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0789481
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
1996
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$494,154
Income (IRS master file)
$7,016

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,016$19,610$494,154IRS
990December 2023$7,016$19,651$523,084XML
990December 2022$23,918$21,390$535,719IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

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 71-0789481).

Questions about AVIATION CADET MUSEUM INC

What is the EIN of AVIATION CADET MUSEUM INC?
The employer identification number (EIN) of AVIATION CADET MUSEUM INC is 71-0789481.
Is AVIATION CADET MUSEUM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to AVIATION CADET MUSEUM INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AVIATION CADET MUSEUM INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of AVIATION CADET MUSEUM INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AVIATION CADET MUSEUM INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AVIATION CADET MUSEUM INC?
The 990 for the year ended December 31, 2024 names Errol Severe.
Who are the officers and directors of AVIATION CADET MUSEUM INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does AVIATION CADET MUSEUM INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,016, expenses of $19,610 and total assets of $494,154 at year end.

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