Historic Flight Foundation
Nonprofit profile at a glance
- EIN
- 203837894
- IRS 990 coverage
- 2021–2021
- Forms available
- Form 990 2021
- Location
- Spokane, WA, USA
- Phone
- 5095356000
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $2,372,386
- Expenses
- $1,850,692
- Assets
- $8,847,970
- Liabilities
- $5,088,411
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JOHN T SESSIONS (PRESIDENT)
People named in this filing
- JOHN T SESSIONS (PRESIDENT)
- BOB LARSON (BOARD MEMBER)
- LARRY SOEHREN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Historic flight foundation exists to acquire, preserve and exhibit historically significant air and space artifacts, which provide a foundation for scholarly research and lifelong learning programs that inspire an interest in and understanding of science and technology.
What it reported doing in 2021
Aviation-based stem education
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 14
- Transparency & Controls: 86
- Accountability: 82
- Sustainability: 72
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.4%; rating input score 8
- Program expense ratio: 9.2%; rating input score 9
- Fundraising efficiency: $22.15 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 22%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 4.78; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.58; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 8.4% of revenue deployed · 9.2% of spending went to programs
- Governance: 5 of 1 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $170K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Financial Efficiency: Program expense ratio scored 9/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 18/100.