Connecticut Aeronautical Historical Association
- Assets
- $7.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Windsor Locks, CT
- Founding
- 10/1961
- Data as of
- 12/2021
- EIN
- 06-6069083
Organization Overview
Connecticut Aeronautical Historical Association is located in Windsor Locks, CT. The organization was established in 1961. 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, Connecticut Aeronautical Historical Association employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Aeronautical Historical Association 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, Connecticut Aeronautical Historical Association generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 4.0% 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
TO PRESENT THE STORY OF AVIATION AND THE HUMAN GENIUS THAT MADE IT POSSIBLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AVIATION MUSEUM AND RESEARCH LIBRARY, EDUCATION OF THE PUBLIC ABOUT AVIATION HISTORY, ATTENDANCE OF APPROXIMATELY 49,646 DURING THIS REPORTING PERIOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Abrams Executive Director | Officer | 50 | $97,308 |
Debbie Reed Executive Director (until April) | Officer | 50 | $84,450 |
Jeffrey A Dominick Treasurer | OfficerTrustee | 1 | $0 |
Kim A Jones Secretary | OfficerTrustee | 1 | $0 |
Robert Stangarone Board President | OfficerTrustee | 1 | $0 |
Warren M Boley Jr Board Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,101 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $811,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008,479 |
| Total Program Service Revenue | $481,695 |
| Investment income | $96,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $468,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136,938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,191,554 |
| 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. | $243,741 |
| Compensation of current officers, directors, key employees. | $72,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,882 |
| Pension plan accruals and contributions | $29,459 |
| Other employee benefits | $39,464 |
| Payroll taxes | $69,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,707 |
| Fees for services: Other | $0 |
| Advertising and promotion | $93,509 |
| Office expenses | $31,897 |
| Information technology | $30,026 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,391 |
| Insurance | $50,672 |
| All other expenses | $92,479 |
| Total functional expenses | $1,837,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,466 |
| Savings and temporary cash investments | $462,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $72,170 |
| Inventories for sale or use | $54,561 |
| Prepaid expenses and deferred charges | $10,040 |
| Net Land, buildings, and equipment | $3,554,420 |
| Investments—publicly traded securities | $3,001,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,840 |
| Total assets | $7,465,349 |
| Accounts payable and accrued expenses | $180,395 |
| 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 | $0 |
| Secured mortgages and notes payable | $11,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $192,342 |
| Net assets without donor restrictions | $6,460,461 |
| Net assets with donor restrictions | $812,546 |
| 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 | $7,465,349 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Connecticut Aeronautical Historical Association has recieved totaling $112,682.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $53,424 |
Frank & Lydia Bergman Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,200 |
Embraer Foundation Inc Melbourne, FL PURPOSE: CORPORATE DONATION | $3,000 |
American Tower Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $164,097 |
| Earnings | $14,545 |
| Ending Balance | $178,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Bruce Museum Inc Greenwich, CT | $42,027,905 | $8,121,476 |
Brant Foundation Inc Greenwich, CT | $0 | $5,637,610 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |