Nonprofit · EIN 92-0413346
CLASSIC LEAR JET FOUNDATION
Tax-exempt · WICHITA, KS 67212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $115,067 | $89,114 | $25,953 | $306,805 | $0 | $306,805 |
| December 31, 2023 | 990 | $218,557 | $168,856 | $49,701 | $190,852 | $0 | $190,852 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $95,892
- Program service revenue
- $0
- Investment income
- $48
- Net income from fundraising events
- $27,836
- Net income from sales of inventory
- -$8,709
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $2,991
- Printing, publications and postage
- $270
- Other expenses
- $85,853
- Program services (functional)
- $64,493
Balance sheet and other
- Total assets, start of year
- $190,852
- Total assets, end of year
- $306,805
- Total liabilities, end of year
- $0
- Net assets, end of year
- $306,805
- Cash, savings and investments
- $216,805
- Gross receipts
- $176,043
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Kovich | Director at Large | 1 | $0 |
| Mark Zerener | Director at Large | 1 | $0 |
| Chris Zalusky | Director at Large | 1 | $0 |
| William Kinkaid | Board President | 5 | $0 |
| Tim Walker | Board Treasurer | 5 | $0 |
| Christopher Marshall | Board Secretary | 5 | $0 |
| Rick Row | Director at Large | 1 | $0 |
| Linwood Cottner | Director at Large | 1 | $0 |
| Bart Gray | Director at Large | 1 | $0 |
| Brian Barents | Director at Large | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Kovich | Director at Large Trustee or director | 5 | $0 |
| Woody Cottner | Director at Large Trustee or director | 5 | $0 |
| Ron Forshee | Director at Large Trustee or director | 5 | $0 |
| Mark Zerener | Director at Large Trustee or director | 5 | $0 |
| Chris Zalusky | Director at Large Trustee or director | 5 | $0 |
| William Kinkaid | Board President Officer | 10 | $0 |
| Tim Walker | Board Treasurer Officer | 10 | $0 |
| Christopher Marshall | Board Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 11515 W BIRCH LN, WICHITA, KS 67212-6602
- In care of
- % GLOBAL AVIATION TECHNOLOGIES
- Mailing address (990-N for 2022)
- 6545 W Pueblo Ct, Wichita KS 67209
- Principal officer (990-N for 2022)
- Tim Walker, 6545 W Pueblo Ct, Wichita KS 67209
- Signed the 990-EZ
- Timothy Walker, Treasurer
- Phone
- (316) 617-2226
- Website
- classiclear.org
- Return prepared by
- NonprofitGO Inc
Mission
To preserve and operate the Lear Jet aircraft 23-003.
Program accomplishments
- TO PURCHASE, OPERATE, AND PRESERVE AN IMPORTANT ARTIFACT OF THE LEAR JET HISTORY, AIRCRAFT 23-003, THE FIRST TO EVER BE DELIVERED TO A CUSTOMER. THE AIRCRAFT IS IN THE PROCESS OF BEING RESTORED, AND ONCE THIS IS ACCOMPLISHED, THE AIRCRAFT WILL BE PART OF A LIVING FLIGHT HISTORY PROGRAM IN AIRSHOWS AND OTHER PUBLIC EVENTS.Expenses $64,493
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0413346
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A57)
- Assets (IRS master file)
- $306,805
- Income (IRS master file)
- $176,043
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $115,067 | $89,114 | $306,805 | IRS |
| 990 | December 2023 | $218,557 | $168,856 | $190,852 | XML |
| 990-N for 2022 Officer: Tim Walker | December 31, 2022 | ≤ $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 92-0413346).
Questions about CLASSIC LEAR JET FOUNDATION
- What is the EIN of CLASSIC LEAR JET FOUNDATION?
- The employer identification number (EIN) of CLASSIC LEAR JET FOUNDATION is 92-0413346.
- Is CLASSIC LEAR JET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to CLASSIC LEAR JET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLASSIC LEAR JET FOUNDATION 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 CLASSIC LEAR JET FOUNDATION 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 CLASSIC LEAR JET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of CLASSIC LEAR JET FOUNDATION?
- The 990-N for 2022 names Tim Walker.
- Who are the officers and directors of CLASSIC LEAR JET FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does CLASSIC LEAR JET FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $115,067, expenses of $89,114 and total assets of $306,805 at year end.
Other nonprofits in WICHITA
- EXPLORATION PLACE INC EIN 48-1000295 · last filed 990 for 2025
- WICHITA ART MUSEUM INC EIN 48-1157680 · last filed 990 for 2024
- MUSIC THEATRE WICHITA EIN 48-0785658 · last filed 990 for 2024
- ORPHEUM PERFORMING ARTS CENTRE LTD EIN 48-0978508 · last filed 990 for 2024
- KANSAS PUBLIC TELECOMMUNICATIONS SERVICE INC EIN 48-0735215 · last filed 990 for 2025
- MUSIC ECOSYSTEMS AND ARTIST DEVELOPMENT ORGANIZATION OF WICHIT EIN 88-2686131 · last filed 990 for 2024
- MARK ARTS INC EIN 48-0616251 · last filed 990 for 2026
- WICHITA SYMPHONY SOCIETY INC EIN 48-0671518 · last filed 990 for 2025
All nonprofits in WICHITA · Kansas · Arts, culture and humanities