No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc in Terrell, Texas (TX)
Table of contents:
| No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc | |
| Employer Identification Number (EIN) | 752541836 |
| Name of Organization | No 1 British Flying Training School Museum Inc |
| Secondary Name | No 1 Bfts Museum Inc |
| In Care of Name | NORMAN N HUNEYCUTT |
| Address | 6 Silent Wings Blvd, Terrell, TX 75160 |
| Website | http://BFTSMUSEUM.ORG |
| Activities | Museum, zoo, planetarium, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 12/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2007 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $155,927 |
| Amount of Income | $133,335 |
| Form 990 Revenue Amount | $112,402 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2007: $133,335 (it was $112,402 in 2013)
| This organization: | $133,335 |
| Other organizations performing similar types of work: | $60,780 |
Assets in 2007: $155,927 (it was $155,927 in 2013)
| No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc: | $155,927 |
| Other organizations performing similar types of work: | $204,271 |
Expenses in 2013: $39,271
| No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc: | $39,271 |
| Other organizations performing similar types of work: | $47,710 |
Income to expenses ratio in 2013: 3.4
| This organization: | 3.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 87.6%
| This organization: | 87.6% |
| Other organizations performing similar types of work: | 46.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $49,443 | $60,502 | $112,402 |
| Contributions, gifts, grants, and similar amounts received | $50,887 | $77,935 | $98,423 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $24 | $535 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $-1,410 | $-16,040 | $13,342 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $12,741 | $13,150 | $32,934 |
| Less: direct expenses from gaming and fundraising events | $14,151 | $29,190 | $19,592 |
| Gross profit/loss from sales of inventory | $-58 | $-1,928 | $637 |
| Gross sales of inventory, less returns and allowances | $793 | $1,256 | $1,978 |
| Less: cost of goods sold | $851 | $3,184 | $1,341 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $50,104 | $42,303 | $39,271 |
| Total net assets | $27,741 | $45,940 | $119,071 |
| Excess/Deficit for the year | $-661 | $18,199 | $73,131 |
| Net assets or fund balances at beginning of year | $28,402 | $27,741 | $45,940 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $45,940 | $119,071 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $39,232 | $49,643 | $155,927 |
| Total liabilities | $11,491 | $3,703 | $36,856 |
| Net assets or fund balances | $27,741 | $45,940 | $119,071 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | Yes | |
| Total amount involved | $0 | $34,379 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $291,974 |
| Subtotal Support | $291,974 |
| Gifts, grants, contributions, and membership fees received | $291,974 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $309,433 |
| Public Support | $291,974 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $1,725 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $15,734 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Whitehead Memorial Museum | 1308 S Main St, Del Rio, TX 78840-5953 | TX | 1978-06 | $137,131 |
| 2 | The Mch Foundation Inc | 101 E Park Blvd Lb63 Ste 1039, Plano, TX 75074 | TX | 1995-08 | $563,268 |
| 3 | Vintage Auto Heritage Foundation | PO BOX 61369, Houston, TX 77208-1369 | TX | 1997-05 | $390,000 |
| 4 | San Antonio Scottish Rite Library And Museum Inc | PO BOX 2239, San Antonio, TX 78298-2239 | TX | 1994-02 | $202,925 |
| 5 | Vintage Flying Museum Inc | PO BOX 820099, N Richlnd Hls, TX 76182-0099 | TX | 1992-03 | $134,663 |
| 6 | No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc | 6 Silent Wings Blvd, Terrell, TX 75160 | TX | 1998-12 | $133,335 |
| 7 | Peggy Wilson Elementary Parent Teacher Organization | 18015 Kieth Harrow Blvd, Houston, TX 77084-5722 | TX | 1993-06 | $114,870 |
| 8 | Saints Roost | PO BOX 781, Clarendon, TX 79226-0781 | TX | 1985-05 | $59,459 |
| 9 | Yoakum Heritage Museum | P O Box 2, Yoakum, TX 77995 | TX | 1993-05 | $22,441 |
| 10 | Texas Music Library & Research Center | 945 Mckinney Ste 124, Houston, TX 77002-6308 | TX | 1998-09 | $3,500 |
| 11 | Antique Heritage Farm Equipment Clu B | 3409 Princewood Ct, Arlington, TX 76016 | TX | 1997-10 | $0 |
| 12 | Bishop College Historical Society Inc | PO BOX 150683, Dallas, TX 75315-0683 | TX | 1995-06 | $0 |
| 13 | Crooners Hall Of Fame Museum & Library Inc, Crooners Hall Of Fame | 8235 Douglas Ave Ste 330, Dallas, TX 75225-6015 | TX | 1997-08 | $0 |
| 14 | Frank J Brown Heritage Garden Center Inc | PO BOX 474, Friendswood, TX 77549-0474 | TX | 1990-01 | $0 |
| 15 | Laguna Madre Museum Foundation | 317 E Railroad Avenue, Port Isabel, TX 78578 | TX | 1992-01 | $0 |
| 16 | Lubbock Lakesite Foundation | PO BOX 93360, Lubbock, TX 79493-3360 | TX | 1991-03 | $0 |
| 17 | Metropolitan Peace Museum | 4899 Montrose Blvd, Houston, TX 77006-6164 | TX | 1996-12 | $0 |
| 18 | Millsap Heritage Society | 102 Mickingbird Ln, Weatherford, TX 76086 | TX | 1998-01 | $0 |
| 19 | Sweeny Historical Society Inc | 850 Blacks Ferry Rd, Sweeny, TX 77480-9725 | TX | 1996-03 | $0 |
| 20 | White Deer Land Museum Foundation | 1114 Christine, Pampa, TX 79065 | TX | 1994-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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