Civic Intelligence

Air Zoo Legacy Foundation

990 • Fiscal year 2013 • EIN 26-3537678

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

6151 Portage Road49002

(269) 382-6555

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

2nd percentile

-102%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$42,555,702

Up $5,515,308 (+15%) from 2012

Net Assets

Up

$42,555,702

Up $5,515,308 (+15%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$1,005,719

No earlier filing loaded for comparison.

Expenses

Down

$2,028,231

Down $250,575 (-11%) from 2012

Net Income

-$1,022,512

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $1,354,296Liabilities 2011: $0Net Assets 2011: $1,354,2962011Assets 2012: $37,040,394Liabilities 2012: $0Net Assets 2012: $37,040,3942012Assets 2013: $42,555,702Liabilities 2013: $0Net Assets 2013: $42,555,7022013Assets 2014: $45,247,962Liabilities 2014: $0Net Assets 2014: $45,247,9622014Assets 2015: $44,692,932Liabilities 2015: $28,800Net Assets 2015: $44,664,1322015Assets 2017: $50,725,989Liabilities 2017: $225,673Net Assets 2017: $50,500,3162017Assets 2018: $51,165,085Liabilities 2018: $260,051Net Assets 2018: $50,905,0342018Assets 2019: $63,229,262Liabilities 2019: $74,012Net Assets 2019: $63,155,2502019Assets 2021: $89,399,860Liabilities 2021: $2,500Net Assets 2021: $89,397,3602021Assets 2022: $66,478,144Liabilities 2022: $35,961Net Assets 2022: $66,442,1832022Assets 2024: $85,016,724Liabilities 2024: $0Net Assets 2024: $85,016,7242024

Highlighted filing

2013

Assets$42,555,702
Liabilities$0
Net Assets$42,555,702

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,159,8192011Expenses 2012: $2,278,8062012Revenue 2013: $1,005,719Expenses 2013: $2,028,231Net Income 2013: -$1,022,5122013Revenue 2014: $2,231,822Expenses 2014: $1,747,447Net Income 2014: $484,3752014Revenue 2015: $4,441,543Expenses 2015: $2,190,431Net Income 2015: $2,251,1122015Revenue 2017: $2,247,921Expenses 2017: $2,881,052Net Income 2017: -$633,1312017Revenue 2018: $2,775,579Expenses 2018: $2,909,502Net Income 2018: -$133,9232018Revenue 2019: $5,798,672Expenses 2019: $3,436,786Net Income 2019: $2,361,8862019Revenue 2021: $9,308,646Expenses 2021: $3,500,594Net Income 2021: $5,808,0522021Revenue 2022: $2,041,664Expenses 2022: $4,053,746Net Income 2022: -$2,012,0822022Revenue 2024: $10,028,926Expenses 2024: $3,784,442Net Income 2024: $6,244,4842024

Highlighted filing

2013

Revenue$1,005,719
Expenses$2,028,231
Net Income-$1,022,512
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.0
Gross Receipts
$2,720,942
Mission and Program Overview

Mission

The foundation is organized and operated exclusively to support the charitable and educational activities of the air zoo.

The air zoo legacy foundation sole purpose is to conduct business for the promotion and charitable activities supporting the kalamazoo aviation history museum (air zoo).

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,391,521$34,555,763▲ $14,164,242
Investments Other Securities$4,190,652$4,081,229▼ $109,423
Savings and Temporary Cash Investments$11,723,241$3,275,089▼ $8,448,152
Investments Program Related$600,000$600,000→ $0
Pledges and Grants Receivable$56,043$0▼ $56,043
Cash and Non-Interest-Bearing Accounts$66,231$25,935▼ $40,296
Accounts Receivable$12,706$17,686▲ $4,980
Total Assets$37,040,394$42,555,702▲ $5,515,308
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$36,294,044$36,294,044→ $0
Temporarily Rstr Net Assets$653,069$6,226,998▲ $5,573,929
Unrestricted Net Assets$93,281$34,660▼ $58,621
Total Net Assets Fund Balance$37,040,394$42,555,702▲ $5,515,308
Total Liabilities and Net Assets / Fund Balance$37,040,394$42,555,702▲ $5,515,308

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$4,081,229--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$36,280,975$0▲ $7,229,485$1,629,060$41,881,400
2012$1,294,044$35,000,000▲ $586,931$600,000$36,280,975
2011-$1,294,044--$1,294,044
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon BowersPresident
Preston S ParishVice President
Mary L TylerTrustee
William B MillardTrustee
Ronald N KilgoreSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
William Blair & Company LLCInvestment Management-$136,567
Revenue and Support

Revenue Composition

Contributions and Grants
$126,243
Program Service Revenue
$0
Investment Income
$879,476
Other Revenue
$0
All Other Contributions
$126,243
Change in Net Assets
$-1,022,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,843,560
Other Expenses$184,671
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,843,560--$1,843,560
Fees for Service Investment Mgmnt Fees-$184,555-$184,555
All Other Expenses-$116-$116
Total Functional Expenses$1,843,560$184,671$0$2,028,231
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-2144402-501(c)(3)TO SUPPORT THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES.$1,843,560
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

No review was or will be conducted by the full board prior to filing the 990.

Form 990, Part VI, Section C, Line 19

Documents open to public inspection are available upon request.

Filing and Contact Details

Filer

EIN
26-3537678
Phone
2693826555

Signing Officer

Name
Ronald N Kilgore
Title
Secretary/treasurer
Phone
2693826555
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Bowers
Formed
2008
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Preparer
James G Thompson CPA
Phone
2695674500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no change in the process since the prior year.

Financial Statement Notes

PART V, LINE 4:

To support the charitable and educational activities of the kalamzoo aviation history museum (air zoo).

PART X, LINE 2:

As of january 1, 2008, the five-year trial period that began january 1, 2003 has ended and the museum is now exempt from income tax under provisions of internal revenue code section 501(c)(3). The air zoo legacy foundation is also exempt from income tax under provisions of internal revenue code section 501(c)(3). Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the museum and recognize a tax liability if the museum has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the museum and has concluded that as of december 31, 2013 and 2012, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. Management believes it is no longer subject to income tax examinations for years prior to 2010.

Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10THE KALAMAZOO AVIATION HISTORY MUSEUM
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IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.85000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE KALAMZOO AVIATION HISTORY MUSEUM (AIR ZOO).
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AS OF JANUARY 1, 2008, THE FIVE-YEAR TRIAL PERIOD THAT BEGAN JANUARY 1, 2003 HAS ENDED AND THE MUSEUM IS NOW EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE AIR ZOO LEGACY FOUNDATION IS ALSO EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE MUSEUM AND RECOGNIZE A TAX LIABILITY IF THE MUSEUM HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE MUSEUM AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.15000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt04081229
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01843560
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE ORGANIZATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10THE KALAMAZOO AVIATION HISTORY MUSEUM
IRS990ScheduleI/RecipientTable/RecipientEIN0382144402
IRS990ScheduleI/RecipientTable/USAddress/AddressLine106151 PORTAGE ROAD
IRS990ScheduleI/RecipientTable/USAddress/City0KALAMAZOO
IRS990ScheduleI/RecipientTable/USAddress/State0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode049002
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED BY THE FULL BOARD PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE HAS BEEN NO CHANGE IN THE PROCESS SINCE THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10THE KALAMAZOO AVIATION HISTORY MUSEUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0382144402
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AVIATION MUSEUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine106151 PORTAGE ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0PORTAGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode049002
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01839560
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1600000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH LOANED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10THE KALAMAZOO AVIATION HISTORY MUSEUM
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11THE KALAMAZOO AVIATION HISTORY MUSEUM
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0653069
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt06226998
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt037040394
IRS990/TotalAssetsEOYAmt042555702
IRS990/TotalAssetsGrp/BOYAmt037040394
IRS990/TotalAssetsGrp/EOYAmt042555702
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0126243
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0184671
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01843560
IRS990/TotalFunctionalExpensesGrp/TotalAmt02028231
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037040394
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042555702
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01843560
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0879476
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01005719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037040394
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042555702
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd01
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt093281
IRS990/UnrestrictedNetAssetsGrp/EOYAmt034660
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine106151 PORTAGE ROAD
IRS990/USAddress/City0PORTAGE
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode049002
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.AIRZOO.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD N KILGORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02693826555
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10AIR ZOO LEGACY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AIRZ
ReturnHeader/Filer/EIN0263537678
ReturnHeader/Filer/PhoneNum02693826555
ReturnHeader/Filer/USAddress/AddressLine106151 PORTAGE ROAD
ReturnHeader/Filer/USAddress/City0PORTAGE
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode049002
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10750 TRADE CENTRE WAY STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PORTAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode049002
ReturnHeader/PreparerPersonGrp/PhoneNum02695674500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES G THOMPSON CPA
ReturnHeader/ReturnTs02014-11-17T11:02:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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