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Nonprofit · EIN 74-2318005

AMERICAN AIRPOWER HERITAGE FOUNDATION INC

Tax-exempt · DALLAS, TX 75376

Financials

$9.4M$1.8M2023$3.7M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN AIRPOWER HERITAGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,705,278$2,109,225$1,596,053$21,752,987$97,745$21,655,242
December 31, 2023990$9,353,176$1,822,788$7,530,388$18,884,948$127,863$18,757,085
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,423,712
Program service revenue
$802,477
Investment income
$369,157
Net gain from sales of assets
-$30,287
Other revenue
$109,932

Expenses

Grants and similar amounts paid
$914,960
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$16,109
Program services (functional)
$2,005,022
Fundraising (functional)
$104,203

Balance sheet and other

Total assets, start of year
$18,884,948
Total assets, end of year
$21,752,987
Total liabilities, end of year
$97,745
Net assets, end of year
$21,655,242
Net assets without donor restrictions
$3,389,626
Net assets with donor restrictions
$18,265,616
Gross receipts
$4,582,211
Employees
0
Volunteers
0
Year formed
1983
State of legal domicile
TX

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
MARK NOVAKBOARD MEMBER
Trustee or director
5$0
GERALD OLIVERBOARD MEMBER
Trustee or director
5$0
DENNIS SCHELLBOARD MEMBER
Trustee or director
5$0
RANDY WILSONBOARD MEMBER
Trustee or director
5$0
COL VICTOR N AGATHERCHAIRMAN
Trustee or director
5$0
HENRY COATESPRESIDENT (TERM ENDED IN 2024)
Officer
5$0
DAVID OLIVERPRESIDENT (TERM BEGAN IN 2024)
Officer
5$0
LANCE LINGUISTSECRETARY/TREASURER
Officer
5$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
COL VICTOR N AGATHERCHAIRMAN
Trustee or director
5$0
MARK NOVAKBOARD MEMBER
Trustee or director
5$0
DENNIS SCHELLBOARD MEMBER
Trustee or director
5$0
GERALD OLIVERBOARD MEMBER
Trustee or director
5$0
RANDY WILSONBOARD MEMBER
Trustee or director
5$0
HENRY COATESPRESIDENT
Officer
5$0
LANCE LINGUISTSECRETARY/TREASURER
Officer
5$0

Address and contacts

Address (IRS master file)
PO BOX 764769, DALLAS, TX 75376-4769
In care of
% FLOYD HOUDYSHELL
Principal officer (990 for 2024)
LANCE LINGUIST, PO BOX 764769, DALLAS, TX 75376
Signed the 990
LANCE LINGUIST, CFO
Phone
(877) 767-7175
Return prepared by
WEAVER AND TIDWELL LLP

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $2,005,022 · grants $914,960 · revenue $911,301

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-2318005
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,752,987
Income (IRS master file)
$4,582,211

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,705,278$2,109,225$21,752,987XML
990December 2023$9,353,176$1,822,788$18,884,948XML
990December 2022$2,360,934$1,904,715$11,385,727IRS
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 74-2318005).

Questions about AMERICAN AIRPOWER HERITAGE FOUNDATION INC

What is the EIN of AMERICAN AIRPOWER HERITAGE FOUNDATION INC?
The employer identification number (EIN) of AMERICAN AIRPOWER HERITAGE FOUNDATION INC is 74-2318005.
Is AMERICAN AIRPOWER HERITAGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to AMERICAN AIRPOWER HERITAGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does AMERICAN AIRPOWER HERITAGE 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 AMERICAN AIRPOWER HERITAGE FOUNDATION 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 AMERICAN AIRPOWER HERITAGE FOUNDATION 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 AMERICAN AIRPOWER HERITAGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names LANCE LINGUIST.
Who are the officers and directors of AMERICAN AIRPOWER HERITAGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does AMERICAN AIRPOWER HERITAGE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,705,278, expenses of $2,109,225 and total assets of $21,752,987 at year end.

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