No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc in Terrell, Texas (TX)

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No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc
Employer Identification Number (EIN)752541836
Name of OrganizationNo 1 British Flying Training School Museum Inc
Secondary NameNo 1 Bfts Museum Inc
In Care of NameNORMAN N HUNEYCUTT
Address6 Silent Wings Blvd, Terrell, TX 75160
Websitehttp://BFTSMUSEUM.ORG
ActivitiesMuseum, zoo, planetarium, etc.
SubsectionCharitable Organization
Ruling Date12/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2007
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$155,927
Amount of Income$133,335
Form 990 Revenue Amount$112,402
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2007: $133,335 (it was $112,402 in 2013)
This organization: 

 $133,335
Other organizations performing similar types of work: 

 $60,780

Assets in 2007: $155,927 (it was $155,927 in 2013)
No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc: 

 $155,927
Other organizations performing similar types of work: 

 $204,271

Expenses in 2013: $39,271
No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc: 

 $39,271
Other organizations performing similar types of work: 

 $47,710

Income to expenses ratio in 2013: 3.4
This organization: 

 3.4
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 87.6%
This organization: 

 87.6%
Other organizations performing similar types of work: 

 46.4%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$49,443$60,502$112,402
Contributions, gifts, grants, and similar amounts received$50,887$77,935$98,423
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$24$535$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$-1,410$-16,040$13,342
Gross income from gaming$0$0$0
Gross income from fundraising events$12,741$13,150$32,934
Less: direct expenses from gaming and fundraising events$14,151$29,190$19,592
Gross profit/loss from sales of inventory$-58$-1,928$637
Gross sales of inventory, less returns and allowances$793$1,256$1,978
Less: cost of goods sold$851$3,184$1,341
Other revenue$0$0$0
Total expenses$50,104$42,303$39,271
Total net assets$27,741$45,940$119,071
Excess/Deficit for the year$-661$18,199$73,131
Net assets or fund balances at beginning of year$28,402$27,741$45,940
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$45,940$119,071
Balance Sheets
201120122013
Total assets$39,232$49,643$155,927
Total liabilities$11,491$3,703$36,856
Net assets or fund balances$27,741$45,940$119,071
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoYes
Total amount involved$0$34,379
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$291,974
Subtotal Support$291,974
Gifts, grants, contributions, and membership fees received$291,974
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$309,433
Public Support$291,974
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,725
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$15,734
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Whitehead Memorial Museum1308 S Main St, Del Rio, TX 78840-5953TX1978-06$137,131
2The Mch Foundation Inc101 E Park Blvd Lb63 Ste 1039, Plano, TX 75074TX1995-08$563,268
3Vintage Auto Heritage FoundationPO BOX 61369, Houston, TX 77208-1369TX1997-05$390,000
4San Antonio Scottish Rite Library And Museum IncPO BOX 2239, San Antonio, TX 78298-2239TX1994-02$202,925
5Vintage Flying Museum IncPO BOX 820099, N Richlnd Hls, TX 76182-0099TX1992-03$134,663
6No 1 British Flying Training School Museum Inc, No 1 Bfts Museum Inc6 Silent Wings Blvd, Terrell, TX 75160TX1998-12$133,335
7Peggy Wilson Elementary Parent Teacher Organization18015 Kieth Harrow Blvd, Houston, TX 77084-5722TX1993-06$114,870
8Danish Heritage Preservation Society Of Danevang IncPO BOX 368, Danevang, TX 77432-0368TX1997-09$72,120
9Saints RoostPO BOX 781, Clarendon, TX 79226-0781TX1985-05$59,459
10Yoakum Heritage MuseumP O Box 2, Yoakum, TX 77995TX1993-05$22,441
11Texas Music Library & Research Center945 Mckinney Ste 124, Houston, TX 77002-6308TX1998-09$3,500
12Antique Heritage Farm Equipment Clu B3409 Princewood Ct, Arlington, TX 76016TX1997-10$0
13Bishop College Historical Society IncPO BOX 150683, Dallas, TX 75315-0683TX1995-06$0
14Crooners Hall Of Fame Museum & Library Inc, Crooners Hall Of Fame8235 Douglas Ave Ste 330, Dallas, TX 75225-6015TX1997-08$0
15Laguna Madre Museum Foundation317 E Railroad Avenue, Port Isabel, TX 78578TX1992-01$0
16Lubbock Lakesite FoundationPO BOX 93360, Lubbock, TX 79493-3360TX1991-03$0
17Metropolitan Peace Museum4899 Montrose Blvd, Houston, TX 77006-6164TX1996-12$0
18Millsap Heritage Society102 Mickingbird Ln, Weatherford, TX 76086TX1998-01$0
19Sweeny Historical Society Inc850 Blacks Ferry Rd, Sweeny, TX 77480-9725TX1996-03$0
20White Deer Land Museum Foundation1114 Christine, Pampa, TX 79065TX1994-03$0
Number of organizations performing similar types of work
Alaska2
Alabama4
Arkansas8
Arizona3
California20
Colorado8
Connecticut12
District of Columbia3
Delaware1
Florida15
Georgia10
Hawaii1
Iowa9
Idaho3
Illinois25
Indiana7
Kansas6
Kentucky4
Louisiana7
Massachusetts4
Maryland8
Maine4
Michigan17
Minnesota10
Missouri15
Montana8
North Carolina3
North Dakota2
Nebraska9
New Hampshire7
New Jersey8
New Mexico1
Nevada2
New York15
Ohio5
Oklahoma10
Oregon5
Pennsylvania17
Rhode Island1
South Carolina3
South Dakota3
Tennessee5
Texas23
Utah5
Virginia8
Vermont4
Washington5
Wisconsin14
West Virginia2
Wyoming3
International4
Total378

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