Civic Intelligence

Twa Museum Inc.

990 • Fiscal year 2023 • EIN 46-0660493

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 02, 2024

10 NW Richards Road 110Kansas City, MO 64116

(816) 234-1011

Siviq Scores

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

Liabilities / Assets

90th percentile

0.49x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.16x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

55th percentile

3.9%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-6.6%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$435,186

Up $16,377 (+3.9%) from 2022

Net Assets

Up

$222,186

Up $31,377 (+16%) from 2022

Liabilities

Down

$213,000

Down $15,000 (-6.6%) from 2022

Revenue

Down

$183,761

Down $12,939 (-6.6%) from 2022

Expenses

Up

$152,384

Up $59,808 (+65%) from 2022

Net Income

Down

$31,377

Down $72,747 (-70%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $111,259Liabilities 2013: $0Net Assets 2013: $111,2592013Assets 2014: $136,430Liabilities 2014: $0Net Assets 2014: $136,4302014Assets 2015: $161,047Liabilities 2015: $0Net Assets 2015: $161,0472015Assets 2016: $220,984Liabilities 2016: $0Net Assets 2016: $220,9842016Assets 2017: $246,080Liabilities 2017: $0Net Assets 2017: $246,0802017Assets 2018: $296,491Liabilities 2018: $0Net Assets 2018: $296,4912018Assets 2019: $582,129Liabilities 2019: $288,000Net Assets 2019: $294,1292019Assets 2020: $295,755Liabilities 2020: $268,000Net Assets 2020: $27,7552020Assets 2021: $339,685Liabilities 2021: $253,000Net Assets 2021: $86,6852021Assets 2022: $418,809Liabilities 2022: $228,000Net Assets 2022: $190,8092022Assets 2023: $435,186Liabilities 2023: $213,000Net Assets 2023: $222,1862023Assets 2024: $452,866Liabilities 2024: $198,000Net Assets 2024: $254,8662024

Highlighted filing

2023

Assets$435,186
Liabilities$213,000
Net Assets$222,186

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $159,241Expenses 2013: $47,982Net Income 2013: $111,2592013Revenue 2014: $59,341Expenses 2014: $34,170Net Income 2014: $25,1712014Revenue 2015: $68,880Expenses 2015: $44,263Net Income 2015: $24,6172015Revenue 2016: $113,458Expenses 2016: $53,521Net Income 2016: $59,9372016Revenue 2017: $117,072Expenses 2017: $91,976Net Income 2017: $25,0962017Revenue 2018: $115,622Expenses 2018: $62,128Net Income 2018: $53,4942018Revenue 2019: $134,826Expenses 2019: $144,615Net Income 2019: -$9,7892019Revenue 2020: $104,744Expenses 2020: $91,118Net Income 2020: $13,6262020Revenue 2021: $139,463Expenses 2021: $80,533Net Income 2021: $58,9302021Revenue 2022: $196,700Expenses 2022: $92,576Net Income 2022: $104,1242022Revenue 2023: $183,761Expenses 2023: $152,384Net Income 2023: $31,3772023Revenue 2024: $195,405Expenses 2024: $162,725Net Income 2024: $32,6802024

Highlighted filing

2023

Revenue$183,761
Expenses$152,384
Net Income$31,377
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 2, 2024
Return Version
2023v5.1
Gross Receipts
$213,695
Mission and Program Overview

Mission

To maintain exhibits and collections pertaining to the history of trans world airlines (twa) with special emphasis on the importance of the airline to commercial aviation firsts and the kansas city community. The rich heritage of twa is worthy of preservation. The museum will hold these collections in trust for the benefit of the community.

To preserve and celebrate the extraordinary legacy of transworld airlines

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$238,644$242,849▲ $4,205
Rtn Earn Endowment Incm Other Fnds$190,809$222,186▲ $31,377
Savings and Temporary Cash Investments$169,875$172,698▲ $2,823
Inventories for Sale or Use$8,299$14,291▲ $5,992
Land, Buildings, and Equipment, Net$1,991$5,348▲ $3,357
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$418,809$435,186▲ $16,377
Liabilities
Mortgage Notes Payable Secured by Investment Property$228,000$213,000▼ $15,000
Total Liabilities$228,000$213,000▼ $15,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$190,809$222,186▲ $31,377
Total Liabilities and Net Assets / Fund Balance$418,809$435,186▲ $16,377

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,421$4,110$7,531
Buildings$1,927$573$2,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pam BlaschumPresident
Caleb FlakeVice President
Alice WaskoDirector
Don LuekeDirector
John MillerDirector
Judy GerlingDirector
Nancy SitzmanSecretary
Chris FunkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$105,367
Program Service Revenue
$44,513
Investment Income
$2,917
Other Revenue
$30,964
All Other Contributions
$91,628
Change in Net Assets
$31,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,516
Grants and Similar Amounts Paid$17,868
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$29,567$29,567-$59,134
Occupancy$51,368$4,153-$55,521
Grants to Domestic Orgs$17,868--$17,868
Office Expenses$2,674$6,736-$9,410
Insurance-$4,094-$4,094
Fees for Services Accounting-$1,775-$1,775
Advertising-$533-$533
Depreciation Depletion$444--$444
Other Expenses$354--$354
Total Functional Expenses$105,526$46,858$0$152,384
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aviation Institute of MaintenanceVirginia Beach, VA-To Provide Tool Boxes to Students$17,368
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,020
Fundraising Direct Expenses$13,110
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$23,911$14,500$9,355$5,145
Hanger Dance$14,133$11,800$4,302$7,498
Total Events$38,764$27,020$13,657$13,363
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization's form 990 is prepared by an outside accounting firm. It is available to, but not reviewed by, the board.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available upon request; the board has not adopted a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Twa Museum Inc
EIN
46-0660493
Phone
8162341011
Address
10 NW RICHARDS ROAD 110, KANSAS CITY, MO 64116

Signing Officer

Name
Chris Funk
Title
Director
Phone
8162341011
Signed
2024-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pam Blaschum
Formed
2013
Legal Domicile
Mo
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
43

Preparer

Firm
Adamsbrown LLC
Address
10990 QUIVIRA STE 160, OVERLAND PARK, KS 66210
Preparer
Lewis P Herman
Phone
9134915080
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract labor: program service expenses 29,567. Management and general expenses 29,567. Fundraising expenses 0. Total expenses 59,134.

Financial Statement Notes

PART III, LINE 1A:

Twa museum maintains a collection of various aircraft-related artifacts, including airplanes. Determining the exact value of this collection would be an immense burden on the organization, and therefore the organization has elected, as permitted under fasb asc 958, not to report this collection in its financial statements.

PART III, LINE 4:

Twa museum maintains a collection of aircraft-related artifacts, including airplanes. These items are held on exhibit at the museum and are available to the general public for viewing.

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt052998
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt030177
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt064762
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0278722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49320
IRS990ScheduleA/PublicSupportPY170Pct00.46930
IRS990ScheduleA/PublicSupportTotal170Amt0356951
IRS990ScheduleA/SubstantialContributorsTotAmt081075
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0105367
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0120765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080369
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt069194
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt062331
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0438026
IRS990ScheduleA/TotalSupportAmt0723698
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01927
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0573
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02500
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03421
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04110
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07531
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TWA MUSEUM MAINTAINS A COLLECTION OF VARIOUS AIRCRAFT-RELATED ARTIFACTS, INCLUDING AIRPLANES. DETERMINING THE EXACT VALUE OF THIS COLLECTION WOULD BE AN IMMENSE BURDEN ON THE ORGANIZATION, AND THEREFORE THE ORGANIZATION HAS ELECTED, AS PERMITTED UNDER FASB ASC 958, NOT TO REPORT THIS COLLECTION IN ITS FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TWA MUSEUM MAINTAINS A COLLECTION OF AIRCRAFT-RELATED ARTIFACTS, INCLUDING AIRPLANES. THESE ITEMS ARE HELD ON EXHIBIT AT THE MUSEUM AND ARE AVAILABLE TO THE GENERAL PUBLIC FOR VIEWING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05348
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt011744
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02333
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt09411
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013657
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HANGER DANCE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014133
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt023911
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0720
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt038764
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt011800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt014500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0720
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027020
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013363
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013657
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04302
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt09355
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt017368
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE TOOL BOXES TO STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AVIATION INSTITUTE OF MAINTENANCE
IRS990ScheduleI/RecipientTable/RecipientEIN0122900403
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04455 SOUTH BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VIRGINIA BEACH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023452
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS AVAILABLE TO, BUT NOT REVIEWED BY, THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST; THE BOARD HAS NOT ADOPTED A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACT LABOR: PROGRAM SERVICE EXPENSES 29,567. MANAGEMENT AND GENERAL EXPENSES 29,567. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,134.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0418809
IRS990/TotalAssetsEOYAmt0435186
IRS990/TotalAssetsGrp/BOYAmt0418809
IRS990/TotalAssetsGrp/EOYAmt0435186
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0105367
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046858
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105526
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152384
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0228000
IRS990/TotalLiabilitiesEOYAmt0213000
IRS990/TotalLiabilitiesGrp/BOYAmt0228000
IRS990/TotalLiabilitiesGrp/EOYAmt0213000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0190809
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0222186
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0105526
IRS990/TotalProgramServiceRevenueAmt044513
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt033881
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044513
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0183761
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt043
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0418809
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0435186
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08200 W 75TH ST
IRS990/USAddress/CityNm0OVERLAND PARK
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd066204
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.TWAMUSEUM.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

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