Public Charity

NATIONAL STEARMAN FOUNDATION INC

NATIONAL STEARMAN FOUNDATION INC is a nonprofit organization categorized as Public Charity based in GALESBURG, IL. Its most recent IRS filing (2025) reports revenue of $104K, expenses of $51K, total assets of $1.4M. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $33K.

EIN: 371372053 GALESBURG, IL Museums NTEE: A50 Latest filing: 2025
Total Revenue$104K
Total Expenses$51K
Total Assets$1.4M
Grant Records2
Funding Total$33K
Filing Years2021–2025

Mission

TO DEVELOP AND OPERATE A FACILITY VENUE TO PRESERVE AND DISPLAY STEARMAN AIRCRAFT AND ARTIFACTS FOR HISTORICAL RESEARCH AND PUBLIC EDUCATION. IN ADDITION TO PROVIDE FUNDING FOR THE ANNUAL STEARMAN FLY-IN AND THUS PROMOTE INTEREST IN STEARMAN AIRCRAFT BY YOUTH AND ADULTS.

Where $100 goes at National Stearman Foundation Inc

How National Stearman Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$89
The organization operates a hanger facility that serves as a year-round home for stearman artifacts and memorabilia stearman airplanes fly-in offices conference room storage and the annual stearman…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SECRETARY-TREASURER Ben Mcmahan
DIRECTOR Brad Johnson
DIRECTOR David Christensen
DIRECTOR EMERITUS Harrel Timmons
VICE-PRESIDENT Jeanne Conlon
PRESIDENT Philip Wolford

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$26,671 1 grant
Arts & Culture
$6,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $104K $51K $1.4M
2024 $74K $58K $1.4M
2023 $253K $42K $1.3M
2022 $116K $25K $1.1M
2021 $504K $12K $1.0M

Between 2021 and 2025, reported annual revenue declined from $504K to $104K (-79%), with total assets most recently reported at $1.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NATIONAL STEARMAN FOUNDATION INC

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