American Armoured Foundation Inc
- Assets
- $19.0m
- Revenue
- $677.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, VA
- Founding
- 09/1981
- Data as of
- 03/2022
- EIN
- 11-2576689
Organization Overview
American Armoured Foundation Inc is located in Danville, VA. The organization was established in 1981. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Armoured Foundation 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 03/2022, American Armoured Foundation Inc generated $677.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $408.2k during the year ending 03/2022. While expenses have increased by 0.9% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A MUSEUM FOR THE GENERAL PUBLIC DISPLAYING A LARGE COLLECTION OF MILITARY VEHICLES, ARMS, UNIFORMS, AND EQUIPMENT. THE ACTIVITIES OF THE FOUNDATION INCLUDE THE OPERATION OF THE MUSUEM, AND THE RESTORATION AND PRESERVATION OF MILITARY ARTIFACTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas H Gasser Director/vice-Pres/secretary | 40 | $49,760 | |
Daniel S Gasser Director/vice-Pres/treasurer | 40 | $49,760 | |
Natasha A Gasser Director/vice-Pres/office Manager | 40 | $49,760 | |
Karen A Gasser Director/vice-Pres/bookkeeper | 20 | $0 | |
William F Gasser Chairman Of The Board | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,762 |
| Interest on Savings | $45 |
| Dividends & Interest | $0 |
| Net Rental Income | $10,870 |
| Net Gain on Sale of Assets | $433,220 |
| Capital Gain Net Income | $433,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $79,429 |
| Other Income | $151,206 |
| Total Revenue | $677,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,280 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,077 |
| Depreciation | $96,290 |
| Occupancy | $30,226 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,329 |
| Total operating and administrative expenses | $408,207 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $408,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,453,248 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $97,318 |
| Prepaid expenses and deferred charges | $512 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,507,493 |
| Other assets | $14,921,794 |
| Total assets | $18,980,365 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,090 |
| Total liabilities | $5,090 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Armoured Foundation Inc has recieved totaling $16,835.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Society Of The Cincinnati Washington, DC | $28,928,587 | $7,746,929 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |