Texas Air Museum Inc in Lubbock, Texas (TX)

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Texas Air Museum Inc
Employer Identification Number (EIN)750121289
Name of OrganizationTexas Air Museum Inc
Address5508 County Road 7550, Lubbock, TX 79424-6588
ActivitiesMuseum, zoo, planetarium, etc.
SubsectionEducational Organization
Ruling Date11/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Tax Period09/2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$152,270
Amount of Income$79,182
Form 990 Revenue Amount$50,686
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


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Amount of income in 2011: $79,182 (it was $57,648 in 2010)
This organization: 

 $79,182
Other organizations performing similar types of work: 

 $170,607

Assets in 2011: $152,270 (it was $168,590 in 2010)
Texas Air Museum Inc: 

 $152,270
Other organizations performing similar types of work: 

 $751,001

Expenses in 2011: $67,006
Texas Air Museum Inc: 

 $67,006
Other organizations performing similar types of work: 

 $136,601

Income to expenses ratio in 2011: 1.2
Texas Air Museum Inc: 

 1.2
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2011: 62.2%
This organization: 

 62.2%
Other organizations performing similar types of work: 

 57.9%

Financial snapshot ($)

Revenue for 2011

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$50,686
Contributions, gifts, grants, and similar amounts received$31,548
Program service revenue including government fees and contracts$6,801
Membership dues and assessments$0
Investment income$11
Gain from sale of assets other than inventory$6,150
Gross amount from sale of assets other than inventory$6,150
Less: cost or other basis and sales expenses$0
Net income from gaming and fundraising events$5,870
Gross income from gaming$0
Gross income from fundraising events$32,149
Less: direct expenses from gaming and fundraising events$26,279
Gross profit from sales of inventory$306
Gross sales of inventory, less returns and allowances$2,523
Less: cost of goods sold$2,217
Other revenue$0
Total expenses$67,006
Total net assets$152,270
Deficit for the year$-16,320
Net assets or fund balances at beginning of year$168,590
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$152,270
Total liabilities$0
Net assets or fund balances$152,270
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$182,624
Gifts, grants, contributions, and membership fees received$182,624
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$6,812
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wharton County Museum AssociationPO BOX 349, Wharton, TX 77488-0349TX1974-12$141,508
2San Jacinto Museum Of History Association1 Monument Cir, La Porte, TX 77571-9585TX1940-11$2,300,662
3Lone Star Flight Museum2002 Terminal Dr, Galveston, TX 77554-9279TX1987-07$1,561,679
4Texas Maritime Museum Association Inc1202 Navigation Cir, Rockport, TX 78382-2773TX1980-05$463,255
5Sophienburg Memorial Association401 W Coll St, New Braunfels, TX 78130-5618TX1980-12$380,307
6River Valley Pioneer MuseumPO BOX 1201, Canadian, TX 79014-1201TX1987-04$197,930
7Scurry County Museum Association Inc6200 College Ave, Snyder, TX 79549-6105TX1975-06$165,065
8West Of The Pecos Museum IncPO BOX 1784, Pecos, TX 79772-1784TX1964-11$103,685
9Wolf Creek Heritage MuseumP O Box 5, Lipscomb, TX 79056TX1998-10$96,304
10Texas Air Museum Inc5508 County Road 7550, Lubbock, TX 79424-6588TX1986-11$79,182
11North Montague County Historical Society & Museum201 Clay St, Nocona, TX 76255TX1995-06$66,968
12Texas Music Museum IncPO BOX 16467, Austin, TX 78761-6467TX1984-11$37,335
13Swenson Memorial Museum Of Stephens County IncPo Box 1638, Breckenridge, TX 76424TX1970-05$34,705
14Midland Masomic Historical Museum & Library FoundationP O Box 10843, Midland, TX 79702TX1997-03$27,792
15Fannin County Historical Museum Society IncOne Main Street, Bonham, TX 75418TX1986-08$18,003
16South Texas MuseumPO BOX 3232, Alice, TX 78333-3232TX1974-02$16,834
17American Airpower Heritage Flying Museum IncPO BOX 62000, Midland, TX 79711TX1990-06$0
18Heritage Society Museum Of Weimar Inc1250 E Main St, Weimar, TX 78962TX1991-09$0
19Madison County Museum CommissionPO BOX 61, Madisonville, TX 77864TX1991-12$0
20Texas Department Of Public Saftey Historical Museum & Research Ctr IP O Box 141603, Austin, TX 78714-1603TX1994-12$0
Number of organizations performing similar types of work
Alaska6
Alabama16
Arkansas13
Arizona10
California72
Colorado15
Connecticut7
District of Columbia3
Delaware4
Florida20
Georgia12
Hawaii5
Iowa10
Idaho5
Illinois26
Indiana20
Kansas12
Kentucky15
Louisiana10
Massachusetts26
Maryland17
Maine6
Michigan17
Minnesota16
Missouri13
Mississippi3
Montana11
North Carolina21
North Dakota4
Nebraska10
New Hampshire9
New Jersey15
New Mexico3
Nevada3
New York55
Ohio32
Oklahoma11
Oregon11
Pennsylvania39
Rhode Island6
South Carolina9
South Dakota6
Tennessee13
Texas58
Utah4
Virginia36
Vermont5
Washington11
Wisconsin12
West Virginia3
Wyoming6
Total772

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