Museums At Mitchel
- Assets
- $14.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 55
- Location
- Garden City, NY
- Founding
- 10/2001
- Data as of
- 06/2023
- EIN
- 11-3558761
Organization Overview
Museums At Mitchel, operating under the name Cradle Of Aviation Museum, is located in Garden City, NY. The organization was established in 2001. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Cradle Of Aviation Museum employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cradle Of Aviation 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 06/2023, Cradle Of Aviation Museum generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING LONG ISLAND, NY'S SIGNIFICANCE IN AVIATION AND AEROSPACE HISTORY, WHILE TEACHING FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITOR CENTER: EDUCATING VISITORS INCLUDING SCHOOL GROUPS AND SCOUTING ORGANIZATIONS THROUGH THE USE OF AVIATION AND AEROSPACE EXHIBITS THAT DETAIL THE REGION'S ROLE IN AVIATION'S DEVELOPMENT FROM EARLY FLIERS, LINDBERGH, TO WORLD WAR II AIRCRAFT, AND THROUGH THE LANDING ON THE MOON.
EDUCATION: PROVIDING EDUCATIONAL CLASSES TO SCHOOL GROUPS IN NASSAUCOUNTY.
CURATORIAL:THE PRESERVATION OF HISTORICAL ARTIFACTS INCLUDING AIRCRAFT AND ONE OF THE THREE EXISTING COMPLETE LUNAR MODULES, AS WELL AS THE MAINTENANCE AND SECURITY OF THE EXHIBITION AND THE EXHIBIT SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Stromer Board Member | Trustee | 1 | $0 |
Penelope Kokkinides Chair | OfficerTrustee | 1 | $0 |
Timothy P Miller Treasurer | OfficerTrustee | 1 | $0 |
Karen Seiter-Carteris Secretary | OfficerTrustee | 1 | $0 |
Dr Kishore Kuncham Board Member | Trustee | 1 | $0 |
Greg Player Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erco Lighting Lighting Project For Galleries | 6/29/23 | $506,286 |
Evans & Sutherland Maintenance, Supplies, Theatre Show & Do | 6/29/23 | $302,420 |
Long Island Retro Gaming Convention Ticketing Sales Collected On Behalf Of P | 6/29/23 | $126,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $541,833 |
| Related organizations | $0 |
| Government grants | $600,429 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,016,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,158,893 |
| Total Program Service Revenue | $1,634,643 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $245,658 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,555,106 |
| 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. | $745,367 |
| Compensation of current officers, directors, key employees. | $290,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,272,367 |
| Pension plan accruals and contributions | $36,005 |
| Other employee benefits | $305,018 |
| Payroll taxes | $162,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,673 |
| Advertising and promotion | $189,308 |
| Office expenses | $19,817 |
| Information technology | $68,930 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,512 |
| Interest | $50,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,282 |
| Insurance | $110,311 |
| All other expenses | $44,730 |
| Total functional expenses | $3,858,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,215,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $121,000 |
| Accounts receivable, net | $607,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $140,245 |
| Prepaid expenses and deferred charges | $306,745 |
| Net Land, buildings, and equipment | $2,668,862 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,962,005 |
| Total assets | $14,022,499 |
| Accounts payable and accrued expenses | $885,075 |
| Grants payable | $0 |
| Deferred revenue | $110,882 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,495,957 |
| Net assets without donor restrictions | $11,563,280 |
| Net assets with donor restrictions | $963,262 |
| 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 | $14,022,499 |