Civic Intelligence

Flight Test Historical Foundation

990 • Fiscal year 2018 • EIN 77-0003353

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 17, 2020

PO Box 57Edwards, CA 93523

(661) 258-1658

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$3,456,703

Up $20,368 (+0.6%) from 2017

Net Assets

Up

$3,416,950

Up $41,126 (+1.2%) from 2017

Liabilities

Down

$39,753

Down $20,758 (-34%) from 2017

Revenue And Expenses

Revenue

Down

$240,382

Down $2,029,602 (-89%) from 2017

Expenses

Down

$208,968

Down $58,000 (-22%) from 2017

Net Income

Down

$31,414

Down $1,971,602 (-98%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $629,983Liabilities 2011: $43,721Net Assets 2011: $586,2622011Assets 2012: $678,019Liabilities 2012: $29,424Net Assets 2012: $648,5952012Assets 2013: $728,588Liabilities 2013: $24,476Net Assets 2013: $704,1122013Assets 2014: $1,215,778Liabilities 2014: $30,054Net Assets 2014: $1,185,7242014Assets 2015: $1,201,336Liabilities 2015: $12,589Net Assets 2015: $1,188,7472015Assets 2016: $1,381,639Liabilities 2016: $58,061Net Assets 2016: $1,323,5782016Assets 2017: $3,436,335Liabilities 2017: $60,511Net Assets 2017: $3,375,8242017Assets 2018: $3,476,797Liabilities 2018: $37,496Net Assets 2018: $3,439,3012018Assets 2018: $3,456,703Liabilities 2018: $39,753Net Assets 2018: $3,416,9502018Assets 2019: $3,445,291Liabilities 2019: $37,806Net Assets 2019: $3,407,4852019Assets 2020: $3,685,947Liabilities 2020: $39,035Net Assets 2020: $3,646,9122020Assets 2021: $3,783,353Liabilities 2021: $24,676Net Assets 2021: $3,758,6772021Assets 2022: $3,770,942Liabilities 2022: $32,961Net Assets 2022: $3,737,9812022Assets 2023: $4,116,010Liabilities 2023: $93,974Net Assets 2023: $4,022,0362023Assets 2024: $4,289,163Liabilities 2024: $103,659Net Assets 2024: $4,185,5042024

Highlighted filing

2018

Assets$3,456,703
Liabilities$39,753
Net Assets$3,416,950

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $52,762Expenses 2011: $72,764Net Income 2011: -$20,0022011Revenue 2012: $117,144Expenses 2012: $84,946Net Income 2012: $32,1982012Revenue 2013: $118,627Expenses 2013: $75,064Net Income 2013: $43,5632013Revenue 2014: $567,223Expenses 2014: $108,729Net Income 2014: $458,4942014Revenue 2015: $157,753Expenses 2015: $119,943Net Income 2015: $37,8102015Revenue 2016: $344,262Expenses 2016: $251,568Net Income 2016: $92,6942016Revenue 2017: $2,269,984Expenses 2017: $266,968Net Income 2017: $2,003,0162017Revenue 2018: $212,478Expenses 2018: $199,102Net Income 2018: $13,3762018Revenue 2018: $240,382Expenses 2018: $208,968Net Income 2018: $31,4142018Revenue 2019: $202,300Expenses 2019: $221,399Net Income 2019: -$19,0992019Revenue 2020: $404,107Expenses 2020: $164,680Net Income 2020: $239,4272020Revenue 2021: $193,090Expenses 2021: $155,390Net Income 2021: $37,7002021Revenue 2022: $292,517Expenses 2022: $271,860Net Income 2022: $20,6572022Revenue 2023: $513,201Expenses 2023: $294,070Net Income 2023: $219,1312023Revenue 2024: $607,895Expenses 2024: $444,457Net Income 2024: $163,4382024

Highlighted filing

2018

Revenue$240,382
Expenses$208,968
Net Income$31,414
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 17, 2020
Return Version
2017v2.2
Gross Receipts
$320,437
Mission and Program Overview

Mission

The mission of the Flight Test Historical Foundation is to raise funds to support the development of the Air Force Flight Test Center (AFFTC) Museum at Edwards AFB, California and the museum's Blackbird Airpark Annex at USAF Plant 42 in nearby Palmdale.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,032,561$2,191,131▲ $1,158,570
Cash and Non-Interest-Bearing Accounts$2,154,844$661,992▼ $1,492,852
Savings and Temporary Cash Investments$6,187$111,386▲ $105,199
Land, Buildings, and Equipment, Net$70,385$62,148▼ $8,237
Inventories for Sale or Use$67,616$54,601▼ $13,015
Prepaid Expenses and Deferred Charges$11,289$13,365▲ $2,076
Pledges and Grants Receivable$17,364$1,375▼ $15,989
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$3,436,335$3,456,703▲ $20,368
Other Assets Total$76,089$360,705▲ $284,616
Liabilities
Deferred Revenue$54,350$31,798▼ $22,552
Other Liabilities$4,262$6,859▲ $2,597
Accounts Payable and Accrued Expenses$1,899$1,096▼ $803
Total Liabilities$60,511$39,753▼ $20,758
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,300,210$2,425,926▲ $125,716
Unrestricted Net Assets$1,075,614$991,024▼ $84,590
Total Net Assets Fund Balance$3,375,824$3,416,950▲ $41,126
Total Liabilities and Net Assets / Fund Balance$3,436,335$3,456,703▲ $20,368

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$62,148$148,928$211,076
Other Assets Org$500--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lisa GrayChairwoman
Gary AldrichPast Chairman
Art Thompson1st Vice Chair
George Bud Reams2nd Vice Chair
Edward L BurnettCorr Secretary
Rex MoenParliamentarian
Gail MitchellRec Secretary
Wanda KillianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,752
Program Service Revenue
$27,999
Investment Income
$54,109
Other Revenue
$83,522
All Other Contributions
$73,142
Change in Net Assets
$31,414

Audited Revenue Reconciliation

Revenue per Audited Statements
$273,313
Revenue Not Reported on Financial Statements
$-32,931
Revenue Not Reported on Form 990
$9,712
Other Revenue Adjustments
$-32,931
Total Revenue per Audited Statements
$283,025
Total Revenue per Form 990
$240,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$132,675
Other Expenses$76,293
Total Fundraising Expense$45,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,869$41,047$41,047$118,963
Fees for Services Accounting-$17,036-$17,036
Office Expenses$5,694$4,245-$9,939
Payroll Taxes$2,869$3,193$3,193$9,255
Depreciation Depletion$7,873$364-$8,237
Insurance$4,322$2,881-$7,203
Other Expenses$4,714--$4,714
Other Employee Benefits$1,381$1,538$1,538$4,457
All Other Expenses$697$2,551-$3,248
Fees for Services Other$2,900--$2,900
Travel$2,079$262-$2,341
Advertising$995--$995
Interest-$36-$36
Total Functional Expenses$90,037$73,153$45,778$208,968

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$241,899
Expenses per Audited Statements$208,968
Total Expenses per Form 990$208,968
Expenses Not Reported on Form 990$32,931
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,636
Fundraising Direct Expenses$32,932
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gathering of Eagles$76,636$76,636$12,826$63,810
Total Events$76,636$76,636$32,932$43,704
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll taxes payable$5,000
Sales tax liability$1,694
Credit Card Payable$165
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is reviewed by the Treasurer prior to signing and mailing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Flight Test Historical Foundation
EIN
77-0003353
Phone
6612581658
Address
PO Box 57, Edwards, CA 93523

Signing Officer

Name
Wanda Killian
Title
Treasurer
Signed
2020-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Gray
Formed
1983
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
23
Employees
2
Volunteers
25

Preparer

Firm
Cobb Doerfler & Associates CPA
Address
PO Box 2770, Lancaster, CA 93539
Preparer
Anthony T Bruneau CPA
Phone
6619482661
Supplemental Narrative

Additional Explanations

Amended Explanation

The Foundation has amended it's return in order to reflect the final figures per it's annual financial audit.

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Special Events Cost $32931

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IRS990ScheduleD/NetUnrealizedGainsInvstAmt09712
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.29$0.10$4.19$0.61$0.44$0.16
2023Detailed filing. Detailed filing data is available for this year.$4.12$0.09$4.02$0.51$0.29$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.03$3.74$0.29$0.27$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.78$0.02$3.76$0.19$0.16$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.69$0.04$3.65$0.40$0.16$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.45$0.04$3.41$0.20$0.22$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.48$0.04$3.44$0.21$0.20$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.46$0.04$3.42$0.24$0.21$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.44$0.06$3.38$2.27$0.27$2.00
2016Detailed filing. Detailed filing data is available for this year.$1.38$0.06$1.32$0.34$0.25$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.20$0.01$1.19$0.16$0.12$0.04
2014Summary only. Only limited summary data is available for this year.$1.22$0.03$1.19$0.57$0.11$0.46
2013Summary only. Only limited summary data is available for this year.$0.73$0.02$0.70$0.12$0.08$0.04
2012Summary only. Only limited summary data is available for this year.$0.68$0.03$0.65$0.12$0.08$0.03
2011Summary only. Only limited summary data is available for this year.$0.63$0.04$0.59$0.05$0.07$0.02