Hagerstown Aviation Museum Inc
- Assets
- $8.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Hagerstown, MD
- Founding
- 01/2006
- Data as of
- 12/2023
- 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. As of 12/2023, Hagerstown Aviation Museum Inc employed 4 individuals. 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 12/2023, Hagerstown Aviation Museum Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $667.9k during the year ending 12/2023. While expenses have increased by 24.1% per year over the past 9 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
2023
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 P Seburn President | Officer | 20 | $59,500 |
Kurtis Meyers Vice Preside | Officer | 20 | $52,500 |
John Depasquale Secretary | Officer | 10 | $0 |
Austin Colby Treasurer | Officer | 10 | $0 |
Paul Houck Board Member | Trustee | 5 | $10,750 |
Todd Willman Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,410 |
| Fundraising events | $184,250 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,308,980 |
| Noncash contributions included in lines 1a–1f | $184,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,652,640 |
| Total Program Service Revenue | $0 |
| Investment income | $47,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,084 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,959 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,755,142 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $122,750 |
| Other salaries and wages | $40,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,206 |
| Fees for services: Accounting | $12,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,100 |
| Advertising and promotion | $5,311 |
| Office expenses | $11,407 |
| Information technology | $7,723 |
| Royalties | $0 |
| Occupancy | $136,284 |
| Travel | $2,302 |
| 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 | $105,562 |
| Insurance | $16,587 |
| All other expenses | $1,554 |
| Total functional expenses | $667,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,400,310 |
| Savings and temporary cash investments | $0 |
| 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 | $2,052 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,195,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,381,519 |
| Total assets | $7,979,778 |
| Accounts payable and accrued expenses | $14,285 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,285 |
| Net assets without donor restrictions | $6,984,860 |
| Net assets with donor restrictions | $980,633 |
| 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 | $7,979,778 |