National Museum Of World War Ii Aviation Inc
- Assets
- $9.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Colorado Springs, CO
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 01-0859843
Organization Overview
National Museum Of World War Ii Aviation Inc is located in Colorado Springs, CO. The organization was established in 2008. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Museum Of World War Ii Aviation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Museum Of World War Ii Aviation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Museum Of World War Ii Aviation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $882.0k during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NAT'L MUSEUM OF WWII AVIATION WILL PROVIDE UNIQUE EDUCATIONAL EXPERIENCES THAT PROMOTE A DEEPER UNDER- STANDING OF THE HISTORICAL IMPORTANCE OF AMERICAN AVIATION IN WWII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN DECEMBER 2017, THE NATIONAL MUSEUM OF WORLD WAR II AVIATION WAS DESIGNATED BY CONGRESS AS AMERICA'S NATIONAL MUSEUM OF WORLD WAR II AVIATION. THE MUSEUM WILL PROVIDE UNIQUE EDUCATIONAL EXPERIENCES THAT PROMOTE A DEEPER UNDERSTANDING OF THE HISTORICAL IMPORTANCE OF AMERICAN AVIATION IN WORLD WAR II AND ITS ROLE IN SHAPING THE WORLD IN WHICH WE LIVE. (CONT. ON SCH O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Earle Director Of Education | OfficerTrustee | 40 | $67,680 |
William Klaers President | OfficerTrustee | 40 | $0 |
Tom Perkins Director | Trustee | 5 | $0 |
James Slattery Chairman | Trustee | 5 | $0 |
Kurt Peterson Secretary/treasurer | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T-bone Construction Construction | 12/30/18 | $271,514 |
Csna Architects Architect Design Ser | 12/30/18 | $169,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,984 |
| Noncash contributions included in lines 1a–1f | $50,923 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,984 |
| Total Program Service Revenue | $478,457 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,735 |
| Net Gain/Loss on Asset Sales | $360,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136,485 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,290,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,680 |
| Compensation of current officers, directors, key employees. | $35,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,261 |
| Payroll taxes | $6,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,683 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,607 |
| Office expenses | $43,881 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,724 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $255,588 |
| Insurance | $40,317 |
| All other expenses | $0 |
| Total functional expenses | $882,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,354 |
| Savings and temporary cash investments | $5,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,881,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,354,185 |
| Accounts payable and accrued expenses | $45,095 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $796,560 |
| Secured mortgages and notes payable | $2,093,436 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,935,091 |
| Net assets without donor restrictions | $6,413,565 |
| Net assets with donor restrictions | $5,529 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,354,185 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Museum Of World War Ii Aviation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: RENOVATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
National Museum Of Wildlife Art Of The United States Jackson, WY | $41,741,861 | $4,638,003 |
The Leonardo Salt Lake City, UT | $1,888,403 | $4,555,150 |