2018-11-15T08:31:10-06:00 2017-12-31 741695589 Harper & Pearson Company PC One Riverway Suite 1900 Houston TX 77056 990 2017-01-01 760213778 Lone Star Flight Museum LONE 3467082517 11551 Aerospace Ave Houston TX 77034 Douglas H Owens CEO 3467082517 2018-11-14 1 Kristina H Hoang CPA P00333905 7136222310 64.88.174.3 2018-11-14 22:19:29 CS P 34A4FEE7CE35D31DFC51549447552EE8A7B620D9 3DC983A0DF1E04C13CE3BC094B06F0A87B7A91F8 2017 2019-02-21 02:37:17Z Douglas H Owens 11551 Aerospace Ave Houston TX 77034 8456420 0 X www.lonestarflight.org X 1987 TX See Schedule O. The mission of the Lone Star Flight Museum (LSFM) is to preserve Texas aviation history in an inspiring educational environment that serves students and visitors of all ages. Emphasizing the role of science, technology, engineering and math (STEM), LSFM's vision is to be a world-class educational museum linking an understanding of the past with inspiration for the future. 20 20 15 118 0 0 12199757 3107429 889961 517221 354594 2634927 91351 170549 13535663 6430126 0 0 0 0 603334 1346605 309407 147732 316085 1540298 2699306 2453039 4193643 11082624 2236483 34615794 46987669 9004965 19381857 25610829 27605812 X See Schedule O. The mission of the Lone Star Flight Museum (LSFM) is to preserve Texas aviation history in an inspiring educational environment that serves students and visitors of all ages. Emphasizing the role of science, technology, engineering and math (STEM), LSFM's vision is to be a world-class educational museum linking an understanding of the past with inspiration for the future. 0 0 248307 Interest on hangar and fixtures open to the general public. 3322085 688241 Vintage aircraft restoration, maintenance and fuel in connection with display and operation of the historical aircraft to the general public. 3570392 1 1 0 0 0 0 0 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 45 0 1 15 1 0 0 0 0 0 1 1 0 0 0 0 0 X 20 20 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 1 0 X Connie D Tuthill CPA 3463527696 11551 Aerospace Ave Houston TX 77034 James Bath Board Member 2.00 X 0 0 0 John F Bookout Jr Board Member 2.00 X 0 0 0 Marshall P Cloyd Board Member 5.00 X 0 0 0 Scott Rozzell Chairman 10.00 X 0 0 0 Charles Szalkowski Vice-Chairman 4.00 X 0 0 0 Steven R Biegel Board Member 5.00 X 0 0 0 Anthony Hall Board Member 2.00 X 0 0 0 Barry Hunsaker Jr Board Member 5.00 X 0 0 0 Jerome B Simon Board Member 2.00 X 0 0 0 Rod Paige MD Board Member 2.00 X 0 0 0 Bonnie Dunbar Board Member 2.00 X 0 0 0 Fay E Gregory Board Member 2.00 X 0 0 0 Ralph Thomas Board Member 2.00 X 0 0 0 Samuel Rhoades Board Member 2.00 X 0 0 0 David Dewhurst Board Member 2.00 X 0 0 0 Carolyn Pardue Board Member 2.00 X 0 0 0 Dan Collins Board Member 8.00 X 0 0 0 J David Heaney Board Member 2.00 X 0 0 0 Rob Parrish Board Member 2.00 X 0 0 0 Brian Antweil Board Member 2.00 X 0 0 0 Suzette R Lyons Controller/Secretary/Treasurer 40.00 X 30856 0 5844 Larry J Gregory Chief Operating Officer 60.00 X 124520 0 21631 Douglas H Owens CEO 60.00 X 199233 0 13172 Martha Hoffman CFO/Secretary/Treasurer 50.00 X 70673 0 8689 Katherine Jackman Chief Marketing Officer 50.00 X 101923 0 17080 527205 0 66416 3 0 1 0 David E Harvey Builders 3630 Westchase Drive Houston TX 77042 General Contractor Ellington Building 4037780 Pacific Studio Inc 5311 Shilshole Avenue NW Seattle WA 98107 Exhibits for Ellington Building 1212146 Webb Architecture 3701 Kirby Drive Suite 916 Houston TX 77098 Architecture 111914 XPedite Coatings 8310 Castleford St Suite 340 Houston TX 77040 Floor Coatings Ellington Building 109090 4 94099 493317 1120373 1399640 345016 3107429 Admissions 713990 332883 332883 Aircraft Operations 713990 184338 184338 517221 471 471 85236 4492707 80016 1863471 5220 2629236 2634456 2634456 0 493317 0 0 197347 82807 114540 114540 Facility Rentals 713990 34260 34260 Education & Outreach 713990 21749 21749 56009 6430126 688241 0 2634456 527205 383490 143715 613398 538117 75281 112108 90584 14126 7398 93894 75866 11831 6197 345845 332012 10376 3457 16305 15653 489 163 147732 147732 19372 18597 581 194 468270 421444 46826 186705 179237 5601 1867 32319 26114 4072 2133 248307 222162 23831 2314 683450 656113 20504 6833 334409 323709 8716 1984 Supplies 184355 148959 23229 12167 Repairs & Maintenance 58179 58179 Bank & Credit Card Fees 37140 37140 Rent 26117 26117 58533 54039 2955 1539 4193643 3570392 307166 316085 885729 629321 4673496 1661510 37599 142326 10962 11393 41793401 4814478 19551426 36978923 9446452 7545566 10130 18630 34615794 46987669 4126597 2342432 135955 151470 3184922 16704968 1557491 182987 9004965 19381857 X 9074904 27030405 16535925 575407 25610829 27605812 34615794 46987669 2236483 -241500 0 X 0 1 X 1 1 1 X 681858 5506971 399838 12199757 3107429 21895853 807300 589908 861279 1059417 770577 4088481 1489158 6096879 1261117 13259174 3878006 25984334 50000 657735 175000 440000 500000 1822735 0 50000 657735 175000 440000 500000 1822735 24161599 1620 1778 1906 1145 471 6920 1620 1778 1906 1145 471 6920 1490778 6098657 1263023 13260319 3878477 25991254 0.92960 0.94410 0.00030 0.00030 X 517221 7545566 X X 0 29708109 4081098 25627011 1617961 71061 1546900 10467331 662319 9805012 36978923 Airplanes 7027626 C Autos 74500 C Spare Parts Inventory 376095 C Archives/Library/Collection 67345 C 7545566 Other Accruals 182987 182987 X 6177731 -241500 -10895 -252395 6430126 0 6430126 4182748 0 4182748 10895 10895 4193643 Part III, Line 4: Collectible assets include aircraft, spare parts and other collection items for the Museum exhibitions & restoration. Part X, Line 2: The Museum believes that all significant tax positions utilized by the Museum will more likely than not be sustained upon examination. As of December 31, 2017, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations are from the year 2014 forward (with limited exceptions). Tax penalties and interest, if any, would be accrued as incurred and would be classified as management and general expense in the statements of activities. Part XI, Line 2d - Other Adjustments: Miscellaneous expense reported separately on Page 10, Part IX, line 24e. -10,895. Part XII, Line 4b - Other Adjustments: Miscellaneous expense reported separately on Page 10, Part IX, line 24e. 10,895. Schedule D, Page 4, Part XI Schedule D, Part XI, Line 2a, Unrealized loss on investments not included in revenue ($241,500). In 2018, the Museum sold the remnants of one aircraft for $8,500, resulting in an impairment loss of $241,500 in 2017 for audited financial statements purposes only. Schedule D, Part XI, Line 2d - Miscellaneous Expense ($10,895) is netted with the Revenue on the audited financial statements. The amount is reported as Other Expense on Form 990 (Page 10, Part IX, line 24e). Schedule D, Page 4, Part XII Schedule D, Part XII, Line 4b - Miscellaneous Expense ($10,895) is netted with the Revenue on the audited financial statements. The amount is reported as Other Expense on Form 990 (Page 10, Part IX, line 24e). X X X X X X 1 Total Various Houston TX 77007 Gala 0 493317 0 493317 Dawn Blitz DBA Dawn Blitz Consulti 430 Cortlandt St Houston TX 77007 General Fundraising & Capital Campaign 0 0 72303 0 Amy Yeatts Consulting LLC 3851 Hanberry Lane Pearland TX 77584 General Fundraising & Capital Campaign 0 0 37769 0 493317 110072 493317 Gala 493317 493317 493317 493317 Schedule G, Part I, Line 2b, Column (v) Fundraising Consultants to help campaign for capital building fund. Fundraising expense include marketing and public relations. 0 0 0 0 0 0 0 0 0 Douglas H Owens CEO 199233 0 0 0 0 0 0 0 13172 0 212405 0 0 0 X 2 265000 Fair Market Value X 12 80016 Fair Market Value 0 0 0 0 Form 990, Part VI, Section A, line 6 The organization has members but not stockholders. Form 990, Part VI, Section A, line 7a Board members of the organization elect other board members. Form 990, Part VI, Section B, line 11b The Form 990 is sent to the Chairman of the Board and the Executive Committee for review before being filed. Form 990, Part VI, Section B, line 12c Monitored by the Board of Directors. Form 990, Part VI, Section B, line 15b Compensation is determined by the Board. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.