Civic Intelligence

Evansville P-47 Foundation Inc

EIN 84-4887552 • 501(c)3 • Evansville, IN

Profile

The purpose of the organization is the acquisition, maintenance, ownership, and display of wartime planes and equipment, including but not limited to world war ii aircraft such as a p-47 for educational and museum purposes.

4825 N Spring StEvansville, IN 47711

p47foundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

-1.4%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-1.1%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,229,400

Down $46,710 (-1.4%) from 2023

Liabilities

Down

$235,409

Down $446,141 (-65%) from 2023

Net Assets

Up

$2,993,991

Up $399,431 (+15%) from 2023

Revenue

Down

$560,153

Down $6,039 (-1.1%) from 2023

Expenses

Up

$160,722

Up $456 (+0.3%) from 2023

Net Income

Down

$399,431

Down $6,495 (-1.6%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,337,017Liabilities 2020: $1,990,763Net Assets 2020: $1,346,2542020Assets 2021: $3,537,721Liabilities 2021: $1,428,189Net Assets 2021: $2,109,5322021Assets 2022: $3,283,681Liabilities 2022: $1,095,047Net Assets 2022: $2,188,6342022Assets 2023: $3,276,110Liabilities 2023: $681,550Net Assets 2023: $2,594,5602023Assets 2024: $3,229,400Liabilities 2024: $235,409Net Assets 2024: $2,993,9912024

Highlighted filing

2024

Assets$3,229,400
Liabilities$235,409
Net Assets$2,993,991

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2020: $1,362,926Expenses 2020: $16,672Net Income 2020: $1,346,2542020Revenue 2021: $844,915Expenses 2021: $81,637Net Income 2021: $763,2782021Revenue 2022: $408,590Expenses 2022: $329,488Net Income 2022: $79,1022022Revenue 2023: $566,192Expenses 2023: $160,266Net Income 2023: $405,9262023Revenue 2024: $560,153Expenses 2024: $160,722Net Income 2024: $399,4312024

Highlighted filing

2024

Revenue$560,153
Expenses$160,722
Net Income$399,431

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$570,711
Mission and Program Overview

Mission

The purpose of the organization is the acquisition, maintenance, ownership, and display of wartime planes and equipment, including but not limited to world war ii aircraft such as a p-47 for educational and museum purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,594,560$2,993,991▲ $399,431
Cash and Non-Interest-Bearing Accounts$53,387$29,400▼ $23,987
Savings and Temporary Cash Investments$12,165--
Investments in Publicly Traded Securities$10,558--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,276,110$3,229,400▼ $46,710
Other Assets Total$3,200,000$3,200,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$681,550$235,409▼ $446,141
Total Liabilities$681,550$235,409▼ $446,141
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,594,560$2,993,991▲ $399,431
Total Liabilities and Net Assets / Fund Balance$3,276,110$3,229,400▼ $46,710

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,200,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rick KaskelPresident
Mark Browning MdVice President
Bill SchirmerMember
Chuck TaylorMember
Dona BoneMember
Fritz PrehnMember
Wayne KinneyMember
Jack ButtrumSecretary
John M DunnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$556,985
Program Service Revenue
$0
Investment Income
$301
Other Revenue
$2,867
All Other Contributions
$556,985
Change in Net Assets
$399,431
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,421
Grants and Similar Amounts Paid$49,301
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$49,301--$49,301
Fees for Services Management$48,373--$48,373
Interest$33,249--$33,249
Insurance$8,559--$8,559
Travel$5,323--$5,323
Office Expenses-$2,184-$2,184
Fees for Services Accounting-$1,940-$1,940
Advertising$1,093--$1,093
Other Expenses$9,182$825-$825
Information Technology-$574-$574
Fees for Services Legal-$119-$119
Total Functional Expenses$155,080$5,642$0$160,722
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
1943 Chrysler M4a4 Sherman Tank - Cheyenne IncEvansville, IN501(c)(3)To Cover Debt Payments & Operating Costs of the Historical Sherman Tank$32,300
N2s-1 Stearman IncEvansville, IN501(c)(3)To Pay for Repairs and Operating Costs of the Historical Plane$16,000
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
Annual disclosure for covered persons
Yes
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
Yes
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 990 is prepared by an outside cpa and reviewed by the board before filing.

Form 990, Part VI, Section B, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflicts of interest policy; has read and understands the policy; has agreed to comply with the policy; and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The statements are reviewed by the board at least annually.

Form 990, Part VI, Section B, Line 15

The organization currently has no paid employees. Any future employee compensation would need to be approved by the board,

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Evansville P-47 Foundation Inc
EIN
84-4887552
Phone
8122054793
Address
4825 N SPRING ST, EVANSVILLE, IN 47711

Signing Officer

Name
John M Dunn
Title
Treasurer
Phone
8122054793
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John M Dunn
Formed
2020
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
20

Preparer

Firm
Riney Hancock Cpas Psc
Address
400 BENTEE WES COURT, EVANSVILLE, IN 47715
Preparer
Carla J Dowell CPA
Phone
8124230300
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

The organization's assets include a p-47 airplane from world war ii that was manufactured locally in evansville, indiana and a 1940 boeing stearman. The primary exempt purpose of the organization is the acquisition, amintenance, and display of wartime planes and equipment.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0548332
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0404736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0841915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01362926
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03714894
IRS990ScheduleA/TotalSupportAmt03731685
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/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt03200000
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03200000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0P-47 PLANE
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ASSETS INCLUDE A P-47 AIRPLANE FROM WORLD WAR II THAT WAS MANUFACTURED LOCALLY IN EVANSVILLE, INDIANA AND A 1940 BOEING STEARMAN. THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS THE ACQUISITION, AMINTENANCE, AND DISPLAY OF WARTIME PLANES AND EQUIPMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03200000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt016000
IRS990ScheduleI/RecipientTable/CashGrantAmt132300
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PAY FOR REPAIRS AND OPERATING COSTS OF THE HISTORICAL PLANE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO COVER DEBT PAYMENTS & OPERATING COSTS OF THE HISTORICAL SHERMAN TANK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0N2S-1 STEARMAN INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11943 CHRYSLER M4A4 SHERMAN TANK - CHEYENNE INC
IRS990ScheduleI/RecipientTable/RecipientEIN0883969312
IRS990ScheduleI/RecipientTable/RecipientEIN1883948768
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04825 N SPRING ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14825 N SPRING ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0EVANSVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1EVANSVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd047711
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd147711
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION VERIFIES THE RECIPIENT ORGANIZATION IS A QUALIFIED 501(C)(3) AND THE PURPOSE ALIGNS WITH THE ORGANIZATION'S MISSION. BOARD MEMBERS OF THE ORGANIZATION OVERSEE HOW GRANT FUNDS ARE SPENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY AN OUTSIDE CPA AND REVIEWED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; HAS READ AND UNDERSTANDS THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE STATEMENTS ARE REVIEWED BY THE BOARD AT LEAST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CURRENTLY HAS NO PAID EMPLOYEES. ANY FUTURE EMPLOYEE COMPENSATION WOULD NEED TO BE APPROVED BY THE BOARD,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03276110
IRS990/TotalAssetsEOYAmt03229400
IRS990/TotalAssetsGrp/BOYAmt03276110
IRS990/TotalAssetsGrp/EOYAmt03229400
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0556985
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05642
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0155080
IRS990/TotalFunctionalExpensesGrp/TotalAmt0160722
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0681550
IRS990/TotalLiabilitiesEOYAmt0235409
IRS990/TotalLiabilitiesGrp/BOYAmt0681550
IRS990/TotalLiabilitiesGrp/EOYAmt0235409
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02594560
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02993991
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0155080
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03168
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0560153
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03276110
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03229400
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05323
IRS990/TravelGrp/TotalAmt05323
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04825 N SPRING ST
IRS990/USAddress/CityNm0EVANSVILLE
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047711
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0P47FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN M DUNN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08122054793
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EVANSVILLE P-47 FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0EVAN
ReturnHeader/Filer/EIN0844887552
ReturnHeader/Filer/PhoneNum08122054793
ReturnHeader/Filer/USAddress/AddressLine1Txt04825 N SPRING ST
ReturnHeader/Filer/USAddress/CityNm0EVANSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047711
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0610920132

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