EVANSVILLE P-47 FOUNDATION INC

EIN: 844887552 501(c)(3) Arts, Culture & Humanities

EVANSVILLE, IN

Total Revenue
$167,210
Total Expenses
$99,308
Total Assets
$3,237,302
Net Assets
$3,061,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IN
Principal Officer
JOHN M DUNN
Phone
8122054793
Tax Period
2025-01-01 to 2025-12-31

EVANSVILLE P-47 FOUNDATION INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $167K in total revenue in fiscal year 2025. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 41% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $90,756

THE EVANSVILLE P-47 FOUNDATION PURCHASED A P-47 THUNDERBOLT FIGHTER AIRPLANE FROM WORLD WAR II NAMED TARHEEL HAL, ONE OF THE MOST FAMOUS REMAINING P-47S. SHORTLY AFTER BEING FLOWN BACK TO INDIANA...

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THE EVANSVILLE P-47 FOUNDATION PURCHASED A P-47 THUNDERBOLT FIGHTER AIRPLANE FROM WORLD WAR II NAMED TARHEEL HAL, ONE OF THE MOST FAMOUS REMAINING P-47S. SHORTLY AFTER BEING FLOWN BACK TO INDIANA, THE PLANE WAS RENAMED "HOOSIER SPIRIT II". FOLLOWING THE PASSING OF HOUSE BILL 1197 ON APRIL 26, 2021, THE HOOSIER SPIRIT II BECAME INDIANA'S STATE AIRCRAFT. IT IS DISPLAYED INSIDE THE EVANSVILLE WARTIME MUSEUM LOCATED AT 7503 PETERSBURG ROAD, JUST A MILE FROM WHERE IT WAS MANUFACTURED BY REPUBLIC AVIATION IN 1944.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $143,524
Program Service Revenue $0
Investment Income $0
Other Revenue $23,686
TOTAL REVENUE $167,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $90,756
Other Expenses $99,308
TOTAL EXPENSES $99,308

Year-over-Year Comparison

2025 2024 Change
Revenue $167,210 $560,153 -0.7%
Expenses $99,308 $160,722 -0.4%
Net Income $67,902 $399,431 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
13
$58,035
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK KASKEL PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK BROWNING MD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN M DUNN TREASURER 1.00
Officer Director
$0 $0 $0
JACK BUTTRUM SECRETARY 1.00
Officer Director
$0 $0 $0
DONA BONE MEMBER 1.00
Director
$0 $0 $0
BILL SCHIRMER MEMBER 1.00
Director
$0 $0 $0
WAYNE KINNEY MEMBER 1.00
Director
$0 $0 $0
FRITZ PREHN MEMBER 1.00
Director
$0 $0 $0
CHUCK TAYLOR MEMBER 1.00
Director
$0 $0 $0
STEPHANIE BARNETT MEMBER 1.00
Director
$0 $0 $0
DR JOHN BIZAL MEMBER 1.00
Director
$0 $0 $0
CATHY RENNER MEMBER 40.00
Director
$58,035 $0 $58,035
RANDY VANWYNSBERGHE MEMBER 1.00
Director
$0 $0 $0
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
2025 $167,210 $99,308 $3,237,302 $67,902
2024 No data No data No data No data
2023 $566,192 $160,266 $3,276,110 $405,926
2022 $408,590 $329,488 $3,283,681 $79,102
2021 $844,915 $81,637 $3,537,721 $763,278
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