THE COMMEMORATIVE AIR FORCE

EIN: 741484491 501(c)(3) Arts, Culture & Humanities

DALLAS, TX

Total Revenue
$21,974,414
Total Expenses
$24,877,472
Total Assets
$39,577,599
Net Assets
$27,008,872
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
TX
Principal Officer
LANCE LINGUIST
Phone
8777677175
Tax Period
2023-01-01 to 2023-12-31

THE COMMEMORATIVE AIR FORCE, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $22.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $24.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ACQUIRE, RESTORE, MAINTAIN, AND OPERATE A COLLECTION OF WORLD WAR II AIRCRAFT FOR THE EDUCATION AND ENJOYMENT OF PRESENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $13,673,503 Revenue: $11,205,293

AIRSHOWS ARE PREMIERE AVIATION EVENTS WHERE WARBIRDS (AIRCRAFT)GATHER TO REENACT HISTORIC BATTLES. ADDITIONAL ATTRACTIONS OFTHESE SHOWS INCLUDE; JUNIOR ACES KIDS TENT (PROVIDING GAMES, ARTS& CRAFTS...

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AIRSHOWS ARE PREMIERE AVIATION EVENTS WHERE WARBIRDS (AIRCRAFT)GATHER TO REENACT HISTORIC BATTLES. ADDITIONAL ATTRACTIONS OFTHESE SHOWS INCLUDE; JUNIOR ACES KIDS TENT (PROVIDING GAMES, ARTS& CRAFTS AND OTHER FUN ACTIVITIES FOR CHILDREN), FAMED GHOSTSQUADRON AIRCRAFT DISPLAYS, SPECIAL SHOWS FOR SPECIAL PEOPLE ONFRIDAYS, PRECEDING THE REGULAR EVENT, THAT OTHERWISE MIGHT NOT BEABLE TO ATTEND AND NUMEROUS FLYING PERFORMING ACTS SUCH ASWINGWALKING AND AEROBATICS.

Program 2
Expenses: $1,367,743 Revenue: $1,120,851

MEMBERSHIP DUES & ANUAC FEES: MEMBERSHIP DUES ARE ESTABLISHED &COLLECTED TO COVER NORMAL OPERATING EXPENSES OF INDIVIDUAL UNITS.MEMBERSHIP FEES INCLUDE MONTHLY OR QUARTERLY SUBSCRIPTIONS TO THECAF'S...

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MEMBERSHIP DUES & ANUAC FEES: MEMBERSHIP DUES ARE ESTABLISHED &COLLECTED TO COVER NORMAL OPERATING EXPENSES OF INDIVIDUAL UNITS.MEMBERSHIP FEES INCLUDE MONTHLY OR QUARTERLY SUBSCRIPTIONS TO THECAF'S MAGAZINE, "DISPATCH." MEMBERS RECEIVE FREE ADMISSION TO THEMUSEUMS AND EXHIBITS AND OTHER BENEFITS SUCH AS OPPORTUNITIES TOFLY IN CAF AIRCRAFT AND GIFT SHOP DISCOUNTS.EACH UNIT IS ALSOSUBJECT TO ANNUAL ANUAC FEES (ANNUAL ADMINISTRATIVE CHARGES) TOASSIST IN THE OPERATION OF THE NATIONAL HEADQUARTERS. NATIONAL &LOCAL MEMBERSHIP FEES ARE SET & COLLECTED BY EACH UNIT AND THENATIONAL HEADQUARTERS, BASED ON THEIR OPERATIONAL NEEDS. ANNUALANUAC FEES MAY VARY FROM YEAR TO YEAR.

Program 3
Expenses: $471,727 Revenue: $386,575

MUSEUM ADMISSIONS FOR THE CAF ARE FOR MONIES COLLECTED BYINDIVIDUAL UNITS, LOCATED THROUGHOUT THE UNITED STATES, FOR ENTRYINTO THEIR FACILITIES. FACILITIES ARE OPENED TO VISITORS,TOURISTS, SCHOOL...

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MUSEUM ADMISSIONS FOR THE CAF ARE FOR MONIES COLLECTED BYINDIVIDUAL UNITS, LOCATED THROUGHOUT THE UNITED STATES, FOR ENTRYINTO THEIR FACILITIES. FACILITIES ARE OPENED TO VISITORS,TOURISTS, SCHOOL GROUPS, ETC. TO VIEW THE AIRCRAFT AND EDUCATIONALEXHIBITS WITHIN THE FACILITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,865,225
Program Service Revenue $12,224,071
Investment Income $635,138
Other Revenue $1,249,980
TOTAL REVENUE $21,974,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,314,771
Fundraising Expenses $761,332
Program Expenses $15,512,973
Other Expenses $20,801,369
TOTAL EXPENSES $24,877,472

Year-over-Year Comparison

2023 2022 Change
Revenue $21,974,414 $23,949,716 -0.1%
Expenses $24,877,472 $24,405,112 +0.0%
Net Income $-2,903,058 $-455,396 +5.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
54
Volunteers
9000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$699,843
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEILS AGATHER GENERAL STAFF 5.00
Director
$0 $0 $0
LC BUDDY COOKSEY GENERAL STAFF 5.00
Director
$0 $0 $0
PHILIP BEEGLE III GENERAL STAFF 5.00
Director
$0 $0 $0
JORDAN BROWN GENERAL STAFF 5.00
Director
$0 $0 $0
BOB STENEVIK GENERAL STAFF 5.00
Director
$0 $0 $0
DENNIS WALKER GENERAL STAFF 5.00
Director
$0 $0 $0
GORDON WEBB CHIEF OF STAFF 5.00
Director
$0 $0 $0
DENNIS SCHELL GENERAL STAFF 5.00
Director
$0 $0 $0
KATHY MIZELL GENERAL STAFF 5.00
Director
$0 $0 $0
ERIC ZIPKIN GENERAL STAFF 5.00
Director
$0 $0 $0
JOHN CYRIER GENERAL STAFF 5.00
Director
$0 $0 $0
TROY FITTING GENERAL STAFF 5.00
Director
$0 $0 $0
GENA LINEBARGER GENERAL STAFF 5.00
Director
$0 $0 $0
HENRY COATES PRESIDENT 40.00
Officer
$292,706 $9,600 $302,306
GERALD D OLIVER COO 40.00
Officer
$156,305 $4,855 $161,160
LANCE LINGUIST SECRETARY/TREASURER 40.00
Officer
$230,156 $6,221 $236,377
ROZELYN BECK VP DEVELOPMENT 40.00
Highest
$127,439 $14,847 $142,286
JIM LASCHE JR VP SAFETY 40.00
Highest
$114,665 $16,543 $131,208
CRAIG TUMINARO VP MEMBERSHIP 40.00
Highest
$121,543 $6,005 $127,548
LEAH BLOCK VP MARKETING 40.00
Highest
$103,401 $3,158 $106,559
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $21,974,414 $24,877,472 $39,577,599 $-2,903,058
2022 $23,949,716 $24,405,112 $38,778,759 $-455,396
2021 $23,919,156 $22,716,138 $31,700,187 $1,203,018
2020 $22,821,789 $18,281,247 $32,457,322 $4,540,542
2019 $20,943,613 $23,122,792 $25,978,549 $-2,179,179
2018 $17,745,181 $23,753,156 $25,738,037 $-6,007,975
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