MICHIGAN AEROSPACE FOUNDATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- MICHIGAN AEROSPACE FOUNDATION INC (EIN 38-3603828)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2024-06-18
- IRS object ID
- 202411709349300026
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-18T14:59:49-04:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381988006 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CURTIS BAILEY EXELBY & SPOSITO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2008 HOGBACK RD STE 7 | AddressLine1Txt |
| City | ANN ARBOR | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383603828 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YANKEE AIR MUSEUM FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | YANK | BusinessNameControlTxt |
| Phone | 7343254476 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 47884 D STREET | AddressLine1Txt |
| City | BELLEVILLE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LES KLIMA | PersonNm |
| Person Title | CONTROLLER/CFO | PersonTitleTxt |
| Phone | 7344834030 | PhoneNum |
| Signature | 2024-06-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LES | PersonFirstNm |
| Person Last | KLIMA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HENRY E ALVAREZ CPA | PreparerPersonNm |
| PTIN | P00028202 | PTIN |
| Phone | 7346637492 | PhoneNum |
| Preparation | 2024-06-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | LES KLIMA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 590 | AddressLine1Txt |
| City | BELLEVILLE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $180,407 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MIFLIGHTMUSEUM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | MICHIGAN AEROSPACE FOUNDATION, INC. HAS RAISED FUNDS IN SUPPORT OF A 3,000 MEMBER YANKEE AIR MUSEUM TO REBUILD A HANGAR AND MUSEUM AFTER A FIRE DESTROYED THEM AND TO EXPAND THE MUSEUM WITH THE GOAL TO PROMOTE KNOWLEDGE OF AVIATION HISTORY AND SOUTHEASTERN MICHIGAN'S ROLE IN THIS HISTORY. MULTIPLE PROJECTS HAVE BEEN INITIATED TO ACCOMPLISH THE BEGINNING OF THIS REBUILDING AND EXPANSION. A MASTER PLAN HAS BEEN DEVELOPED AND PRESENTED TO WILLOW RUN AIRPORT, INCLUDING GEOTECHNICAL STUDIES, TOPOLOGICAL STUDIES IN PREPARATION OF NEW MUSEUM BUILDINGS. THE FOUNDATION IS IN THE MIDST OF A FIVE YEAR PLAN FOR THE RENOVATION AND CONSTRUCTION AND CONSTRUCTION OF THE BOMBER PLANT. THE GOAL IS TO COMPLETE THIS PROJECT, BASED ON FUNDRAISING SUCCESS, IN EARLY 2020 AND BEGIN MOVING THE EXISTING YANKEE AIR MUSEUM INTO THE RENOVATED BOMBER PLANT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $405,343 | PYContributionsGrantsAmt |
| CY Contributions Grants | $142,305 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $33,247 | PYInvestmentIncomeAmt |
| CY Investment Income | $25,500 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $438,590 | PYTotalRevenueAmt |
| CY Total Revenue | $167,805 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $549,091 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $196,700 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $50,010 | PYOtherExpensesAmt |
| CY Other Expenses | $23,686 | CYOtherExpensesAmt |
| PY Total Expenses | $599,101 | PYTotalExpensesAmt |
| CY Total Expenses | $220,386 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$160,511 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$52,581 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $400,608 | TotalAssetsBOYAmt |
| Total Assets EOY | $461,937 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,488 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $130,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $396,120 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $331,937 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MICHIGAN AEROSPACE FOUNDATION, INC. HAS RAISED FUNDS IN SUPPORT OF A 3,000 MEMBER YANKEE AIR MUSEUM TO REBUILD A HANGAR AND MUSEUM AFTER A FIRE DESTROYED THEM AND TO EXPAND THE MUSEUM WITH THE GOAL TO PROMOTE KNOWLEDGE OF AVIATION HISTORY AND SOUTHEASTERN MICHIGAN'S ROLE IN THIS HISTORY. MULTIPLE PROJECTS HAVE BEEN INITIATED TO ACCOMPLISH THE BEGINNING OF THIS REBUILDING AND EXPANSION. A MASTER PLAN HAS BEEN DEVELOPED AND PRESENTED TO WILLOW RUN AIRPORT, INCLUDING GEOTECHNICAL STUDIES, TOPOLOGICAL STUDIES IN PREPARATION OF NEW MUSEUM BUILDINGS. THE FOUNDATION IS IN THE MIDST OF A FIVE YEAR PLAN FOR THE RENOVATION AND CONSTRUCTION AND CONSTRUCTION OF THE BOMBER PLANT. THE GOAL IS TO COMPLETE THIS PROJECT, BASED ON FUNDRAISING SUCCESS, IN EARLY 2020 AND BEGIN MOVING THE EXISTING YANKEE AIR MUSEUM INTO THE RENOVATED BOMBER PLANT. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $196,700 | ExpenseAmt |
| Grant | $196,700 | GrantAmt |
| Desc | MICHIGAN AEROSPACE FOUNDATION, INC. HAS RAISED FUNDS IN SUPPORT OF A 3,000 MEMBER YANKEE AIR MUSEUM TO REBUILD A HANGAR AND MUSEUM AFTER A FIRE DESTROYED THEM AND TO EXPAND THE MUSEUM WITH THE GOAL TO PROMOTE KNOWLEDGE OF AVIATION HISTORY AND SOUTHEASTERN MICHIGAN'S ROLE IN THIS HISTORY. MULTIPLE PROJECTS HAVE BEEN INITIATED TO ACCOMPLISH THE BEGINNING OF THIS REBUILDING AND EXPANSION. A MASTER PLAN HAS BEEN DEVELOPED AND PRESENTED TO WILLOW RUN AIRPORT, INCLUDING GEOTECHNICAL STUDIES AND TOPOLOGICAL STUDIES IN PREPARATION FOR THE CONSTRUCTION OF THE NEW MUSEUM BUILDINGS. THE FOUNDATION IS IN THE MIDST OF A FIVE-YEAR PLAN FOR THE RENOVATION AND CONSTRUCTION/RECONSTRUCTION OF THE BOMBER PLANT. THE GOAL IS TO COMPLETE THIS PROJECT, BASED ON FUNDRAISING SUCCESS IN EARLY 2020 AND BEGIN MOVING THE EXISTING YANKEE AIR MUSEUM INTO THE RENOVATED BOMBER PLANT. | Desc |
| Total Program Service Expenses | $196,700 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | false | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LES KLIMA | PersonNm |
| Phone | 7343254476 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 590 | AddressLine1Txt |
| City | BELLEVILLE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48112 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| KEVIN WALSH | ||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $0 | $107,500 | $0 | |
| LES KLIMA | ||||||
| CONTROLLER/C | 40.00 | Yes (X) | $0 | $93,048 | $0 | |
| ROBERT BOVITZ | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| KELLY BURRIS | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| DELANE BUTTACAVOLI | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| KARL COUYOUMJIAN | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| PETER DELOOF | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| ERIC FURLOTTE | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| HAROLD GANT | ||||||
| DIRECTOR EME | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JAMES HARLESS | ||||||
| VICE CHAIRMA | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BRIAN HIGGINS | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| RANDY HOTTON | ||||||
| TREASURER | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| RAYMOND HUNTER | ||||||
| CHAIRMAN | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BOB HYNES | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| WILLIAM RANDS III | ||||||
| VICE CHAIRMA | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DAVID R STEINER | ||||||
| SECRETARY | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| RICHARD STEWART | ||||||
| DIRECTOR EME | 5.00 | $0 | $0 | $0 | Yes (X) | |
| ELLSWORTH STOUT | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| ROB WOOD | ||||||
| DIRECTOR | 5.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Reportable Comp Rltd Org | $200,548 | TotReportableCompRltdOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $142,305 | AllOtherContributionsAmt |
| Total Contributions | $142,305 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,993 | TotalRevenueColumnAmt |
| Exclusion | $3,993 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,004 | SecuritiesAmt |
| Other | $14,105 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,602 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,402 | SecuritiesAmt |
| Other | $14,105 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,507 | TotalRevenueColumnAmt |
| Exclusion | $21,507 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $167,805 | TotalRevenueColumnAmt |
| Exclusion | $25,500 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,700 | TotalAmt |
| Program Services | $196,700 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,195 | TotalAmt |
| Management And General | $5,195 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,315 | TotalAmt |
| Management And General | $11,315 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,204 | TotalAmt |
| Management And General | $2,204 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,230 | TotalAmt |
| Management And General | $1,230 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,375 | TotalAmt |
| Management And General | $1,375 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118 | TotalAmt |
| Management And General | $118 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total | $2,249 | TotalAmt |
| Management And General | $2,249 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,386 | TotalAmt |
| Program Services | $196,700 | ProgramServicesAmt |
| Management And General | $23,686 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,473 | BOYAmt |
| EOY | $180,999 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335 | BOYAmt |
| EOY | $450 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,642 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,158 | BOYAmt |
| EOY | $255,488 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,000 | BOYAmt |
| EOY | $25,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $400,608 | BOYAmt |
| EOY | $461,937 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,081 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $407 | BOYAmt |
| EOY | $130,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,488 | BOYAmt |
| EOY | $130,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,671 | BOYAmt |
| EOY | $76,449 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,449 | BOYAmt |
| EOY | $255,488 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $396,120 | BOYAmt |
| EOY | $331,937 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $400,608 | BOYAmt |
| EOY | $461,937 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$52,581 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,040 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$19,642 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,345,509 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $930,890 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,524,401 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $405,343 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $142,305 | CurrentTaxYearAmt |
| Total | $4,348,448 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,345,509 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $930,890 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,524,401 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $405,343 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $142,305 | CurrentTaxYearAmt |
| Total | $4,348,448 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $4,348,448 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,791 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$12,046 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $40,375 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $33,247 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,993 | CurrentTaxYearAmt |
| Total | $77,360 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,791 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | -$12,046 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $40,375 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $33,247 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,993 | CurrentTaxYearAmt |
| Total | $77,360 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $660 | CurrentTaxYearMinus4YearsAmt |
| Total | $660 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,357,960 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $918,844 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,564,776 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $438,590 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $146,298 | CurrentTaxYearAmt |
| Total | $4,426,468 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98240 | PublicSupportCY509Pct |
| Public Support PY509 | 0.98660 | PublicSupportPY509Pct |
| Investment Income CY | 0.02000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | COMMUNITY FOUNDATION | Desc |
| Book Value | $25,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $25,000 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTERCOMPANY PAYABLE | Desc |
| Amt | $130,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $130,000 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $175,845 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $8,040 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $8,040 | RevenueNotReportedAmt |
| Revenue Subtotal | $167,805 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $167,805 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $240,028 | TotExpnsEtcAuditedFinclStmtAmt |
| Prior Year Adjustments | $19,642 | PriorYearAdjustmentsAmt |
| Expenses Not Reported | $19,642 | ExpensesNotReportedAmt |
| Expenses Subtotal | $220,386 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $220,386 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YANKEE AIR FORCE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 590 | AddressLine1Txt |
| City | BELLEVILLE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 382387453 | RecipientEIN |
| IRC Section | 501(C) | IRCSectionDesc |
| Cash Grant | $196,700 | CashGrantAmt |
| Purpose Of Grant | EDUCATION | PurposeOfGrantTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | MICHIGAN AEROSPACE FOUNDATION, INC. HAS RAISED FUNDS IN SUPPORT OF A 3,000 MEMBER YANKEE AIR MUSEUM TO REBUILD A HANGAR AND MUSEUM AFTER A FIRE DESTROYED THEM AND TO EXPAND THE MUSEUM WITH THE GOAL TO PROMOTE KNOWLEDGE OF AVIATION HISTORY AND SOUTHEASTERN MICHIGAN'S ROLE IN THIS HISTORY. MULTIPLE PROJECTS HAVE BEEN INITIATED TO ACCOMPLISH THE BEGINNING OF THIS REBUILDING AND EXPANSION. A MASTER PLAN HAS BEEN DEVELOPED AND PRESENTED TO WILLOW RUN AIRPORT, INCLUDING GEOTECHNICAL STUDIES, TOPOLOGICAL STUDIES IN PREPARATION OF NEW MUSEUM BUILDINGS. THE FOUNDATION IS IN THE MIDST OF A FIVE YEAR PLAN FOR THE RENOVATION AND CONSTRUCTION AND CONSTRUCTION OF THE BOMBER PLANT. THE GOAL IS TO COMPLETE THIS PROJECT, BASED ON FUNDRAISING SUCCESS, IN EARLY 2020 AND BEGIN MOVING THE EXISTING YANKEE AIR MUSEUM INTO THE RENOVATED BOMBER PLANT. |
| FORM 990, PAGE 2, PART III, LINE 4A | MICHIGAN AEROSPACE FOUNDATION, INC. HAS RAISED FUNDS IN SUPPORT OF A 3,000 MEMBER YANKEE AIR MUSEUM TO REBUILD A HANGAR AND MUSEUM AFTER A FIRE DESTROYED THEM AND TO EXPAND THE MUSEUM WITH THE GOAL TO PROMOTE KNOWLEDGE OF AVIATION HISTORY AND SOUTHEASTERN MICHIGAN'S ROLE IN THIS HISTORY. MULTIPLE PROJECTS HAVE BEEN INITIATED TO ACCOMPLISH THE BEGINNING OF THIS REBUILDING AND EXPANSION. A MASTER PLAN HAS BEEN DEVELOPED AND PRESENTED TO WILLOW RUN AIRPORT, INCLUDING GEOTECHNICAL STUDIES AND TOPOLOGICAL STUDIES IN PREPARATION FOR THE CONSTRUCTION OF THE NEW MUSEUM BUILDINGS. THE FOUNDATION IS IN THE MIDST OF A FIVE-YEAR PLAN FOR THE RENOVATION AND CONSTRUCTION/RECONSTRUCTION OF THE BOMBER PLANT. THE GOAL IS TO COMPLETE THIS PROJECT, BASED ON FUNDRAISING SUCCESS IN EARLY 2020 AND BEGIN MOVING THE EXISTING YANKEE AIR MUSEUM INTO THE RENOVATED BOMBER PLANT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | NO REVIEW WAS OR WILL BE CONDUCTED. |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON REQUEST. |
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