YANKS AIR MUSEUM: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
YANKS AIR MUSEUM (EIN 95-3538758)
Tax period
2021-08-01 to 2022-07-31
Filed
2023-06-15
IRS object ID
202311669349100026
Schema version
2021v4.2
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

FieldValueIRS element (for citing)
Return2023-06-15T12:56:32-05:00ReturnTs
Tax Period End2022-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200340798PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NACHMAN FLATT & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15000 NORTH PARKWAY CALABASAS 107AddressLine1Txt
CityCALABASASCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913021400ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN953538758EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE YANKS AIR MUSEUMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlYANKBusinessNameControlTxt
Phone6269604802PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113470 DALEWOOD STREETAddressLine1Txt
CityBALDWIN PARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91706ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES F NICHOLSPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone6269604802PhoneNum
Signature2023-06-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLESPersonFirstNm
Person LastNICHOLSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNACHMAN FLATT CPAPreparerPersonNm
PTINP00083582PTIN
Phone8185918898PhoneNum
Preparation2023-06-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$22,311,913FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$16,810,716ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$72,032DividendsRevAndExpnssAmt
Dividends Net Invst Incm$72,032DividendsNetInvstIncmAmt
Dividends Adj Net Incm$72,032DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$8,070,343NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$14,096,203GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,070,343CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$0NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$24,953,091TotalRevAndExpnssAmt
Total Net Invst Incm$8,142,375TotalNetInvstIncmAmt
Total Adj Net Incm$72,032TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$102,559CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$102,559CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$102,559CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$719,937OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$100,000OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm$719,937OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$719,937OthEmplSlrsWgsDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$100,477DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Deprec And Dpltn Adj Net Incm$100,648DeprecAndDpltnAdjNetIncmAmt
Other Expenses Rev And Expnss$538,080OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$42,005OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$496,075OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$538,080OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,461,053TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$142,005TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,419,219TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,360,576TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,461,053TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$142,005TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,419,219TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,360,576TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$23,492,038ExcessRevenueOverExpensesAmt
Net Investment Income$8,000,370NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$36,234CashBOYAmt
Cash EOY$14,618,922CashEOYAmt
Cash EOYFMV$14,605,331CashEOYFMVAmt
Other Nts And Loans Rcvbl$233OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$79OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$233OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$233OtherNtsAndLoansRcvblEOYFMVAmt
Inventories BOY$71,412InventoriesBOYAmt
Inventories EOY$69,420InventoriesEOYAmt
Inventories EOYFMV$69,420InventoriesEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$764,426LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$430,823LandBldgEquipAccumDeprecAmt
Land BOY$270,667LandBOYAmt
Land EOY$333,603LandEOYAmt
Land EOYFMV$333,603LandEOYFMVAmt
Other Assets BOY$3,847,985OtherAssetsBOYAmt
Other Assets EOY$7,303,326OtherAssetsEOYAmt
Other Assets EOYFMV$7,303,326OtherAssetsEOYFMVAmt
Total Assets BOY$4,226,377TotalAssetsBOYAmt
Total Assets EOY$22,325,504TotalAssetsEOYAmt
Total Assets EOYFMV$22,311,913TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,443,220OtherLiabilitiesBOYAmt
Other Liabilities EOY$1,572,759OtherLiabilitiesEOYAmt
Total Liabilities BOY$1,443,220TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,572,759TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$2,783,157RetainedEarningBOYAmt
Retained Earning EOY$20,752,745RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,783,157TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,752,745TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,226,377TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$22,325,504TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,783,157TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$23,492,038ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$26,275,195SubtotalAmt
Other Decreases$5,522,450OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$20,752,745TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySHARESPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2020-03-13AcquiredDt
Sold2022-07-31SoldDt
Gross Sales Price$14,096,203GrossSalesPriceAmt
Cost Or Other Basis$6,025,860CostOrOtherBasisAmt
Gain Or Loss$8,070,343GainOrLossAmt
Gains Minus Excess Or Losses$8,070,343GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$8,070,343CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$0NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$111,205InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$111,205SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$111,205TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$110,000ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$110,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$1,205TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressYANKSAIR.COMWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1CHARLES F NICHOLSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6269604802PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line113470 DALEWOOD STREETAddressLine1Txt
CityBALDWIN PARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91706ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
CHARLES F NICHOLS
13470 DALEWOOD STBALDWIN PARKCA91706DIR - CEO0.00$0$0$0
JERRY SMITH
722 E TONER DRIVE POMONAPOMONACA91711DIR0.00$0$0$0
RICHARD L DEEN
13470 DALEWOOD STBALDWIN PARKCA91706DIR0.00$0$0$0
VALARIE L DEEN
13470 DALEWOOD STBALDWIN PARKCA91706DIR - TREASURER0.00$0$0$0
CHRISTEN WRIGHT
13470 DALEWOOD STBALDWIN PARKCA91706DIR40.00$0$0$0
DAVID MEYER
13470 DALEWOOD STBALDWIN PARKCA91706DIR0.00$0$0$0
MIKE SHOTT
13470 DALEWOOD STBALDWIN PARKCA91706DIR0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1SEE STATEMENT ATTACHEDDescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$7,320,703AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,948,363FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$13,269,066TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$13,269,066AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$199,036CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,070,030NetVlNoncharitableAssetsAmt
Minimum Investment Return$653,502MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$653,502MinimumInvestmentReturnAmt
Tax Based On Investment Income$111,205TaxBasedOnInvestmentIncomeAmt
Total Tax$111,205TotalTaxAmt
Distributable Before Adj$542,297DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$542,297DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$542,297DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,360,576ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$1,360,576QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$542,297DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$1,124,477ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,115,537ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,054,020ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,277,871ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,069,643ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$5,641,548TotalExcessDistributionCyovAmt
Qualifying Distributions$1,360,576QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$542,297AppliedToCurrentYearAmt
Remaining Distri From Corpus$818,279RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$6,459,827TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$1,124,477ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,335,350ExcessDistriCyovToNextYrAmt
Excess From Year4$1,115,537ExcessFromYear4Amt
Excess From Year3$1,054,020ExcessFromYear3Amt
Excess From Year2$1,277,871ExcessFromYear2Amt
Excess From Year1$1,069,643ExcessFromYear1Amt
Excess From Current Year$818,279ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling1991-08-27PrivateOperatingFndtnRulingDt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerCHARLES F NICHOLSContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonCHARLES F NICHOLSRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line113470 DALEWOOD STREETAddressLine1Txt
CityBALDWIN PARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91706ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6269604802RecipientPhoneNum
Form And Info And MaterialsNOT APPLICABLEFormAndInfoAndMaterialsTxt
Submission DeadlinesNOT APPLICABLE NON APPLICABLESubmissionDeadlinesTxt
Restrictions On AwardsNOT APPLICABLERestrictionsOnAwardsTxt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$72,032RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,070,343RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$0ExclusionAmt
Related Or Exempt Function Incm$8,142,375RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,142,375TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4INVESTMENT OF FUNDS FOR MUSEUM OPERATIONS
8SALE OF DONATED SECURITIES

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
CHARLES AND JUDY NICHOLS
113470 DALEWOOD STREETBALDWIN PARKCA91706$15,958,311Yes (X)Yes (X)
NICHOLS LUMBER & HARDWARE CO
213470 DALEWOOD STREETBALDWIN PARKCA91706$600,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1SECURITIES$11,708,3112022-03-10
1AIRCRAFT$3,395,0002021-12-31

Applied To Prior Year Election AppliedToPriorYearElection

FieldValueIRS element (for citing)
ElectionTHE YANKS AIR MUSEUM ELECTS TO TREAT THE AMOUNTS ON LINE 4B, PART XIII, AS COMING FROM CORPUS.ElectionDesc

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (35 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
DISPLAY EQUIPMENT1990-08-01$4,442$4,442SL7.000000000000$0$0$0
EQUIPMENT1990-08-01$11,989$11,989SL5.000000000000$0$0$0
EQUIPMENT1997-02-07$2,250$2,250SL5.000000000000$0$0$0
DISPLAY EQUIPMENT2001-01-31$2,944$2,944SL5.000000000000$0$0$0
SECURITY CAMERAS2007-03-06$10,000$10,000SL5.000000000000$0$0$0
CATERING EQUIPMENT2009-07-31$12,812$12,810SL5.000000000000$0$0$0
SECURITY CAMERAS2011-03-24$7,754$7,754SL5.000000000000$0$0$0
DISPLAY EQUIPMENT2011-07-31$9,491$9,491SL5.000000000000$0$0$0
INTERACTIVE EXHIBIT EQUIPMENT2011-06-14$11,952$11,952SL5.000000000000$0$0$0
DISPLAY EQUIPMENT2012-07-31$7,468$7,468SL5.000000000000$0$0$0
EQUIPMENT2012-07-31$4,190$4,190SL5.000000000000$0$0$0
DISPLAY EQUIPMENT2013-07-31$21,869$21,869SL5.000000000000$0$0$0
SECURITY CAMERAS2013-07-31$7,774$7,774SL5.000000000000$0$0$0
RED BARRON RIDE2013-07-31$18,619$18,619SL5.000000000000$0$0$0
DISPLAY EQUIPMENT2014-07-31$7,238$7,238SL5.000000000000$0$0$0
SECURITY CAMERAS2014-07-31$3,073$3,073SL5.000000000000$0$0$0
RED BARRON RIDE2014-07-31$10,634$10,634SL5.000000000000$0$0$0
THEATRE2014-07-31$7,326$7,326SL5.000000000000$0$0$0
FERRIS WHEEL2015-07-31$58,407$32,855SL10.000000000000$5,841$0$5,841
RED BARRON RIDE2015-07-31$6,397$6,395SL5.000000000000$0$0$0
CLASSROOM2016-07-31$7,500$7,500SL5.000000000000$0$0$0
OTHER EQUIPMENT2016-07-31$6,818$6,818SL5.000000000000$0$0$0
FERRIS WHEEL ADDITIONS2016-07-31$48,573$48,573SL5.000000000000$0$0$0
FERRIS WHEEL2017-07-31$11,359$9,088SL5.000000000000$2,271$0$2,271
HELICOPTER RIDE2017-07-31$20,000$16,000SL5.000000000000$4,000$0$4,000
HIGH LIFT/BUCKET TRUCK2016-07-31$6,460$5,170SL5.000000000000$1,290$0$1,290
HELICOPTER IMPROVEMENTS2018-07-31$20,625$12,375SL5.000000000000$4,125$0$4,125
GOLF CART2018-07-31$1,046$627SL5.000000000000$209$0$209
ARCADE GAMES, CAROUSEL, GRAVITRON2019-05-01$10,850$4,611SL5.000000000000$2,170$0$2,170
HELICOPTER RIDE2019-07-01$18,540$7,880SL5.000000000000$3,708$0$3,708
HELICOPTER IMPROVEMENTS2020-07-31$1,882$423SL5.000000000000$376$0$376
ARCADE GAMES, CAROUSEL, GRAVITRON2020-07-31$23,451$5,276SL5.000000000000$4,690$0$4,690
ARCADE GAMES, CAROUSEL, GRAVITRON2021-07-31$197,280$4,932SL5.000000000000$39,456$0$39,456
CAROUSEL2021-07-31$160,000SL5.000000000000$32,000$0$32,000
GOLF CART2021-11-02$3,413SL5.000000000000$341$0$512

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
FORM 990-PF, PART IX-B, LINE 1.THE MUSEUM FOUNDATION IS INVOLVED IN LOCATING, ACQUIRING AND RESTORING WORLD WAR II AND GOLDERN ERA AIRCRAFT. THE MUSEUM IS OPEN TO THE PUBLIC DAILY TUESDAY THROUGH SUNDAY FROM 9:00 AM THROUGH 4:00 PM.VISITORS EXPRESS A HIGH DEGREE OF INTEREST IN THE RESTORATION PROCESS AS WELL AS THE RESTORED AIRCRAFT. THE YANKS AIR MUSEUM ELECTS TO TREAT ANY AMOUNTS ON LINE 4C PART XIII, AS COMING FROM CORPUS, IF NECESSARY.
PART XIII, LINE 4C.S AIR MUSEUM ELECTS TO TREAT THE AMOUNTS ON LINE 4C PART XIII, AS COMING FROM CORPUS, IF NECESSARY.

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (35 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
DISPLAY EQUIPMENT$4,442$4,442$0
EQUIPMENT$11,989$11,989$0
EQUIPMENT$2,250$2,250$0
DISPLAY EQUIPMENT$2,944$2,944$0
SECURITY CAMERAS$10,000$10,000$0
CATERING EQUIPMENT$12,812$12,810$2
SECURITY CAMERAS$7,754$7,754$0
DISPLAY EQUIPMENT$9,491$9,491$0
INTERACTIVE EXHIBIT EQUIPMENT$11,952$11,952$0
DISPLAY EQUIPMENT$7,468$7,468$0
EQUIPMENT$4,190$4,190$0
DISPLAY EQUIPMENT$21,869$21,869$0
SECURITY CAMERAS$7,774$7,774$0
RED BARRON RIDE$18,619$18,619$0
DISPLAY EQUIPMENT$7,238$7,238$0
SECURITY CAMERAS$3,073$3,073$0
RED BARRON RIDE$10,634$10,634$0
THEATRE$7,326$7,326$0
FERRIS WHEEL$58,407$38,696$19,711
RED BARRON RIDE$6,397$6,395$2
CLASSROOM$7,500$7,500$0
OTHER EQUIPMENT$6,818$6,818$0
FERRIS WHEEL ADDITIONS$48,573$48,573$0
FERRIS WHEEL$11,359$11,359$0
HELICOPTER RIDE$20,000$20,000$0
HIGH LIFT/BUCKET TRUCK$6,460$6,460$0
HELICOPTER IMPROVEMENTS$20,625$16,500$4,125
GOLF CART$1,046$836$210
ARCADE GAMES, CAROUSEL, GRAVITRON$10,850$6,781$4,069
HELICOPTER RIDE$18,540$11,588$6,952
HELICOPTER IMPROVEMENTS$1,882$799$1,083
ARCADE GAMES, CAROUSEL, GRAVITRON$23,451$9,966$13,485
ARCADE GAMES, CAROUSEL, GRAVITRON$197,280$44,388$152,892
CAROUSEL$160,000$32,000$128,000
GOLF CART$3,413$341$3,072

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescAIRCRAFTDesc
BOY Book Value$3,847,985BOYBookValueAmt
EOY Book Value$7,303,326EOYBookValueAmt
EOYFMV$7,303,326EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescDIFFERENCE BETWEEN BOOK FUND BALANCE AND TAX FUND BALANCEDesc
Amt$5,522,450Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (36 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CLEANING$21,881$0$21,881$21,881
MISCELLANEOUS$12,108$0$12,108$12,108
OFFICE EXPENSE$29,109$15,000$14,109$29,109
MACHINERY EXPENSE$4,695$0$4,695$4,695
SUPPLIES$844$0$844$844
REPAIRS$27,610$0$27,610$27,610
SECURITY$7,877$0$7,877$7,877
TELEPHONE$11,572$0$11,572$11,572
UTILITIES$60,762$0$60,762$60,762
AUTO EXPENSE$1,807$0$1,807$1,807
MEDICAL INSURANCE EXPENSE$18,988$0$18,988$18,988
INSURANCE$7,577$0$7,577$7,577
FILING FEES$150$0$150$150
PAYROLL TAXES$81,277$0$81,277$81,277
EMPLOYEE WELFARE$13,190$0$13,190$13,190
DUES & SUBSCRIPTIONS$1,830$0$1,830$1,830
BANK CHARGES$3,025$0$3,025$3,025
RIDE MAINTENANCE$5,799$0$5,799$5,799
ADVERTISING$32,686$0$32,686$32,686
GROUND EQUIPMENT EXPENSE$23,421$0$23,421$23,421
GARDENING$7,682$0$7,682$7,682
SHOP MAINTENANCE$1,508$0$1,508$1,508
FUEL COSTS$6,133$0$6,133$6,133
LEGAL & ACCOUNTING$8,909$8,909$0$8,909
DISPLAY COSTS$977$0$977$977
TUG EXPENSES$2,961$0$2,961$2,961
LIBRARY$787$0$787$787
PARINT BOOTH$936$0$936$936
SALES TAX$4,115$0$4,115$4,115
CRANE EXPENSES$979$0$979$979
ARCADE EXPENSES$2,183$0$2,183$2,183
PAYROLL PROCESSING CHARGES$6,535$0$6,535$6,535
MANAGEMENT FEES$18,096$18,096$0$18,096
POSTAGE$56$0$56$56
WEBSITE$15$0$15$15
FEDERAL INCOME TAXES$110,000$0$110,000$110,000

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
LOANS PAYABLE$1,429,934$1,429,936
ACCRUED EXPENSES$13,286$32,823
TAXES PAYABLE$0$110,000

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonCHARLES AND JUDY NICHOLSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line113470 DALEWOOD STAddressLine1Txt
CityBALDWIN PARKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91706ZIPCd

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