Overview
What is Lone Star Flight Museum?
The Lone Star Flight Museum, situated in Houston, Texas, serves as a testament to the rich aviation history of Texas. As a nonprofit organization, it houses an extensive collection of over 5,000 artifacts, archives, photographs, and books, along with 24 aircraft on display. The museum highlights STEM facts associated with these aircraft to engage young minds. The Texas Aviation Hall of Fame, an integral part of the museum, honors figures such as three U.S. presidents and instills values of character and achievement. The Lone Star Flight Museum's mission is to celebrate aviation, inspire youth through STEM, and believes in the limitless potential that aviation can foster. With a dedicated workforce of 50 individuals, the museum aims to be a preferred educational destination for Texas' youth.
Official website here: www.lonestarflight.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Lone Star Flight Museum has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of financial health and transparency. The rating reflects strong accountability and finance metrics, with a program expense ratio of 79.04%, demonstrating a commitment to directing funds toward mission-driven programs. The organization also boasts a robust working capital ratio of 6.24 years, suggesting financial stability.
In terms of impact and community measures, the museum scored a perfect 100 out of 100, highlighting its effective outreach and engagement strategies. The organization is governed by an entirely independent board, which enhances its credibility and integrity. Additionally, all necessary governance policies, such as conflict of interest and whistleblower policies, are in place, reinforcing its commitment to ethical practices.
However, the overall score is somewhat tempered by the lower rankings in accountability and finance metrics, which stand at 53%. While the museum excels in programmatic impact and community engagement, it may need to bolster its financial oversight mechanisms to achieve a more balanced rating moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Lone Star Flight Museum legitimate?
Lone Star Flight Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lone Star Flight Museum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $458,858
Professional Fundraising Fees: $96,000
Other Salaries and Wages: $746,603
For more financial information, click here
Official website here: www.lonestarflight.org
What is the mission statement of Lone Star Flight Museum?
The Lone Star Flight Museum (LSFM) is dedicated to honoring Texas aviation history and inspiring young minds through education in the fields of science, technology, engineering, and mathematics (STEM). The museum's mission is to serve as a dynamic and interactive learning experience, fostering a sense of achievement and limitless possibilities among its visitors. The LSFM collection includes over 5,000 artifacts, extensive archives, photographs, and books, along with 24 aircraft on display, all showcasing STEM facts. The Texas Aviation Hall of Fame, housed within the museum, showcases the achievements of notable figures, offering valuable lessons in character and accomplishment.
Official website here: www.lonestarflight.org
Who is the CEO of Lone Star Flight Museum?
Douglas H Owens is the Chair of Lone Star Flight Museum. The CEO's salary of Lone Star Flight Museum is $232,500 and their total compensation is $233,872.
Official website here: www.lonestarflight.org
What is the revenue of Lone Star Flight Museum?
Lone Star Flight Museum's revenue in 2022 was $3,607,984.
Official website here: www.lonestarflight.org
Who are the executives of Lone Star Flight Museum and what are their salaries?
The average compensation at Lone Star Flight Museum during 2022 was $24,109. There are 50 employees and 80 volunteers at Lone Star Flight Museum.
Here are 25 key members and their salaries (Lone Star Flight Museum's CEO's salary is $232,500 and their total compensation is $233,872):
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Official website here: www.lonestarflight.org
Where can I find the form 990 for Lone Star Flight Museum?
Lone Star Flight Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lonestarflight.org
Learn more at the official website: www.lonestarflight.org
Mission Statement of Lone Star Flight Museum
The Lone Star Flight Museum, a renowned institution, is dedicated to honoring the legacy of flight and aviation achievements in Texas. Its primary objective is to captivate the youth of Texas by immersing them in the realms of science, technology, engineering, and mathematics (STEM). The museum aspires to be a preferred educational experience, recognized for its innovative and interactive approach. Lone Star Flight Museum firmly believes that aviation serves as a catalyst for limitless possibilities and personal achievement.
The museum's collection boasts an impressive array of over 5,000 artifacts, 80 linear feet of archives, 2,000 photographs, and 2,000 books in the research library. The museum showcases 24 aircraft, each displaying fascinating STEM facts for visitors to explore. The Texas Aviation Hall of Fame is a significant component of the museum, housing individuals who have made significant contributions to aviation, including three former U.S. presidents. The Hall of Fame serves as a powerful lesson in character and the boundless potential of human achievement.
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Impact
July, 2024
The Lone Star Flight Museum has a significant impact on Texas aviation history and education. Through its dynamic and interactive exhibits, the museum celebrates the achievements of flight while engaging youth in STEM fields such as science, engineering, technology, and math. By highlighting the rich history of aviation in Texas and inspiring the next generation of leaders, the Lone Star Flight Museum plays a vital role in promoting achievement and endless possibilities through the lens of aviation. With a diverse collection of artifacts, archives, photographs, books, and aircraft, the museum provides a unique educational experience that helps shape the future of aviation enthusiasts and professionals.
This information is meant to be a general summary of Lone Star Flight Museum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$128,165
- Program Service Revenue: $700,782
- Gross Receipts: $4,305,906
Assets and Liabilities:
- Total Assets: $39,030,155
- Total Liabilities: $9,422,770
- Net Assets: $29,607,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Museum admissions
Revenue
$505,645
Flights & other
Revenue
$195,137
Organization Details
Founding Year
1986
Phone
(346) 708-2517Principal Officer
Douglas H Owens
Main Address
11551 Aerospace Ave, Houston, TX, 77034
Website
www.lonestarflight.orgNTEE Category
Code: A540 - Arts
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