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EIN 37-1372053

National Stearman Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Galesburg
State
Illinois
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
A50: Museums
Description
The National Stearman Foundation strives to preserve and display historical Stearman aircraft and educate the public about their role in defending our country. They develop and operate a facility for historical research and public education, while also funding the annual Stearman Fly-In to promote interest in youth and adults alike. In 2020, the organization began fundraising to build a permanent facility in Galesburg, IL that will serve as a year-round home for artifacts and memorabilia, Stearman planes, fly-in offices, conference rooms, and storage.
Total revenues
$252,502
2023
Total expenses
$41,931
2023
Total assets
$1,338,060
2023
Num. employees
0
2023

Program areas at National Stearman Foundation

During 2023 the organization completed and now operates a hanger facility that serves as a year-round home for Stearman artifacts and memorabilia Stearman airplanes fly-in offices conference room storage and the annual Stearman fly-in.

Who funds National Stearman Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Donald E Fike Family FoundationTo Preserve and Display Historical Stearman Aircraft and Educate the Public About Their Role in Our Nation's History$10,000
BNSF FoundationMatching Gifts$3,750
Kunes Family FoundationSupport the Preservation of the History of Aircrafts$100
...and 1 more grant received

Personnel at National Stearman Foundation

NameTitleCompensation
Ben L McMahanTreasurer$0
Phillip WolfordSecretary and Director$0
Harrel W TimmonsPresident and Director$0

Financials for National Stearman Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$244,046
Program services$0
Investment income and dividends$8,036
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$420
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$252,502

Form 990s for National Stearman Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-09990View PDF
2022-122023-11-08990View PDF
2021-122022-08-02990View PDF
2020-122021-08-23990View PDF
2009-122010-09-24990EZView PDF

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Utah Sports Hall of Fame FoundationNorth Salt Lake, UT$307,476
Lana'i Culture and Heritage CenterLanai City, HI$235,328
American Frontier Culture FoundationStaunton, VA$1,003,179
California Fire MuseumLake Forest, CA$88,111
Twa MuseumKansas City, MO$196,700
Polish Center of Discovery and LearningChicopee, MA$124,977
Data update history
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Donald E Fike Family Foundation
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 25, 2023
Received grants
Identified 1 new grant, including a grant for $3,750 from BNSF Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsMuseumsCharities
Issues
Arts, cultural, and humanities
Characteristics
Fundraising eventsReceives government fundingFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 1937
Galesburg, IL 61401
Metro area
Davenport-Moline-Rock Island, IA-IL
County
Knox County, IL
Website URL
stearmanfoundation.org/ 
Phone
(309) 343-6409
IRS details
EIN
37-1372053
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A50: Museums
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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