Hagerstown Aviation Museum Inc
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- 01/2006
- Data as of
- 12/2021
- EIN
- 20-2822392
Organization Overview
Hagerstown Aviation Museum Inc is located in Hagerstown, MD. The organization was established in 2006. 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. Hagerstown Aviation Museum 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, Hagerstown Aviation Museum Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $314.9k during the year ending 12/2021. While expenses have increased by 18.6% 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
AVIATION MUSEUM TO EDUCATE THE COMMUNITY ABOUT ITS LONG INVOLVEMENT IN AVIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN AVIATION MUSEUM TO RESEARCH, INTERPRET, PRESERVE AND PROMOTE THE AVIATION HISTORY OF HAGERSTOWN, A MARYLAND COMMUNITY. ACTIVE MEMBERSHIP APPROX. 200, BI-ANNUAL MAGAZINE TO APPROX. 5000 PEOPLE. MUSEUM DISPLAY OPEN TO THE PUBLIC, THE PURPOSE OF WHICH IS TO EDUCATE THE COMMUNITY ABOUT ITS LONG INVOLVEMENT IN AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Seburn Treasurer | Officer | 10 | $0 |
Kurtis Meyers Vice Preside | Officer | 10 | $9,800 |
John Depasquale Secretary | Officer | 10 | $0 |
Austin Colby Board Member | Trustee | 5 | $0 |
Paul Houck Board Member | Trustee | 5 | $0 |
Hesbia C Foster Jr Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,451 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $922,454 |
| Noncash contributions included in lines 1a–1f | $14,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,905 |
| Total Program Service Revenue | $0 |
| Investment income | $105,187 |
| 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 | $4,958 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,042,050 |
| 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. | $33,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,767 |
| Office expenses | $7,707 |
| Information technology | $586 |
| Royalties | $0 |
| Occupancy | $88,439 |
| Travel | $174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,217 |
| Interest | $2,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $709 |
| Insurance | $9,856 |
| All other expenses | $210 |
| Total functional expenses | $314,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,846 |
| Savings and temporary cash investments | $952,470 |
| 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 | $10,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,145,012 |
| Total assets | $2,211,765 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $39,773 |
| Other liabilities | $0 |
| Total liabilities | $39,773 |
| Net assets without donor restrictions | $2,171,992 |
| Net assets with donor restrictions | $0 |
| 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 | $2,211,765 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hagerstown Aviation Museum Inc has recieved totaling $297,455.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Washington County Maryland Incorporated Hagerstown, MD PURPOSE: PROGRAM SUPPORT | $260,000 |
Delaplaine Foundation Inc Frederick, MD PURPOSE: UNRESTRICED GRANT | $30,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
International Spy Museum Washington, DC | $139,621,736 | $22,140,962 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
The Masonic Library And Museum Of Pennsylvania Philadelphia, PA | $22,455,436 | $4,692,168 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |
African American Museum In Philadelphia, PA | $3,193,527 | $2,188,357 |
National Liberty Museum Philadelphia, PA | $29,022,169 | $6,454,571 |