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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+2.2% YoY
Annual Giving
$9K
Grant Count
1
Avg Grant Size
$9K
About National Stearman Foundation Inc
Based on IRS filings
National Stearman Foundation Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in GALESBURG, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 1 grants totaling $9K. Net investment income was $8K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,367,252 | $1,338,060 | $1,114,962 |
| Revenue | $73,854 | $252,502 | $116,437 |
| Expenses | $57,664 | $41,931 | $24,853 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $7,634 | $8,036 | $3,441 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HARREL TIMMONS | PRESIDENT DIRECTOR | 5 | — |
| PHILIP WOLFORD | SECRETARY DIRECTOR | 5 | — |
| BEN MCMAHAN | TREASURER DIRECTOR | 10 | — |
| LYNNE BEAVER | DIRECTOR | 1 | — |
| JEANNE CONLON | DIRECTOR | 2 | — |
| DAVID CHRISTENSEN | DIRECTOR | 1 | — |
| BRAD JOHNSON | DIRECTOR | 1 | — |
| TYE HAMMERLE | DIRECTOR | 1 | — |
| Stu Ohmsted | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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