American Airpower Museum
- Assets
- $2.9m
- Revenue
- $317.0k
- Investments
- $568.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 11-3162087
Organization Overview
American Airpower Museum is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (A50) the organization is classified as: 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 Airpower Museum 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, American Airpower Museum generated $317.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL AND INSTRUCTIONAL EXHIBITS, INTERACTIVE DISPLAYS, EXHIBITS, VISUAL EXHIBITS, INCLUDING HISTORICAL REENACTMENTS OF VARIOUS EVENTS PERTINENT TO THE MISSION OF THE FOUNDATION IN EDUCATING SCHOOL GROUPS, SCOUT GROUPS, LOCAL COMMUNITY GROUPS, VISITORS FROM ASSISTED LIVING FACILITIES, VETERANS GROUPS, INTRODUCING THESE GROUPS TO THE HISTORY OF THE STATE OF NEW YORK AND THE ROLE PLAYED IN NATIONAL MILITARY HISTORY SPECIFICALLY AVIATION AND LONG ISLAND BASED AVIATION AND DEMONSTRATING HISTORICAL EVENTS BY PRESERVING, EXHIBITING AND OPERATING AIRCRAFT IN ITS POSSESSION OR ON LOAN TO THE MUSEUM AND EXHIBITING AND MAINTAINING THESE EXHIBITS IN AN HISTORIC BUILDING DESIGNATING BY AS HISTORIC BY THE NEW YORK STATE HISTORICAL PRESERVATION DEPARTMENT, INCLUDING THE UNITED STATES AIRFORCE ASSOCIATION, THE WOUNDED WARRIORS FOUNDATION AND OTHER SERVICE RELATED ENTITIES, PRO BONO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Clyman Director | 2 | $0 | |
Jeffrey Clyman President & CEO | 2 | $0 | |
Rick Veit Director | 2 | $0 | |
Helen Clyman Treas.,director | 2 | $0 | |
E Cooke Rand Director | 2 | $0 | |
Scott Clyman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,155 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $293,863 |
| Total Revenue | $317,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $70,788 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,127 |
| Depreciation | $31,203 |
| Occupancy | $103,461 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $874,134 |
| Total operating and administrative expenses | $1,127,996 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,127,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,168 |
| Savings and temporary cash investments | $0 |
| 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 | $2,203,162 |
| Prepaid expenses and deferred charges | $65,832 |
| Net Investments - land, buildings, equipment | $49,773 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $11,131 |
| Other assets | $3,465 |
| Total assets | $2,911,006 |
| Accounts payable and accrued expenses | $400,951 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,577,916 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $123,991 |
| Total liabilities | $5,102,858 |
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 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
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 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |