Empire State Aerosciences Museum
- Assets
- $914.1k
- Revenue
- $472.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Glenville, NY
- Founding
- 01/1985
- Data as of
- 09/2021
- EIN
- 22-2557826
Organization Overview
Empire State Aerosciences Museum is located in Glenville, NY. The organization was established in 1985. 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 09/2021, Empire State Aerosciences Museum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empire State Aerosciences 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 09/2021, Empire State Aerosciences Museum generated $472.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $205.3k during the year ending 09/2021. While expenses have increased by 0.7% per year over the past 6 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
MUSEUM DEVELOPMENT AND OPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM DEVELOPMENT AND OPERATION - FOUNDED FOR THE PRESERVATION AND PRESENTATION OF AVIATION AND AEROSPACE HISTORY OF NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Millington 1st Vice President | OfficerTrustee | 7 | $0 |
Joyce Newkirk Treasurer | OfficerTrustee | 7 | $0 |
Peter Russo President | OfficerTrustee | 7 | $0 |
Marvin Weiss Secretary | OfficerTrustee | 7 | $0 |
Michael Collins 2nd Vice President/trustee | OfficerTrustee | 7 | $0 |
Frederic Lee Trustee | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,460 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,384 |
| Total Program Service Revenue | $43,982 |
| Investment income | $783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,175 |
| Net Gain/Loss on Asset Sales | $18,000 |
| Net Income from Fundraising Events | $13,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,091 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,773 |
| 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 | $0 |
| Other salaries and wages | $33,003 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,627 |
| Office expenses | $2,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,922 |
| Travel | $0 |
| 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 | $40,646 |
| Insurance | $23,008 |
| All other expenses | $4,067 |
| Total functional expenses | $205,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $272,801 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,192 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,428 |
| Prepaid expenses and deferred charges | $7,965 |
| Net Land, buildings, and equipment | $468,520 |
| Investments—publicly traded securities | $13,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,177 |
| Total assets | $914,145 |
| Accounts payable and accrued expenses | $7,119 |
| 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 | $12,362 |
| Other liabilities | $1,596 |
| Total liabilities | $21,077 |
| Net assets without donor restrictions | $889,089 |
| Net assets with donor restrictions | $3,979 |
| 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 | $914,145 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Empire State Aerosciences Museum has recieved totaling $5,100.
| Awarding Organization | Amount |
|---|---|
Greater Hudson Heritage Network Elmsford, NY PURPOSE: CONSERVATION | $4,100 |
Keeler Motor Car Company Charitable Foundation Loudonville, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Science Boston, MA | $308,551,835 | $49,955,104 |
Liberty Science Center Inc Jersey City, NJ | $127,014,347 | $27,177,240 |
New York Hall Of Science Corona, NY | $55,888,000 | $24,146,143 |
Connecticut Science Center Inc Hartford, CT | $119,953,692 | $10,532,806 |
Museums At Mitchel Garden City, NY | $4,107,366 | $4,719,016 |
Sciencenter Discovery Museum Ithaca, NY | $10,990,540 | $3,575,677 |
Discovery Center Of Science And Technology Syracuse, NY | $7,086,838 | $2,939,624 |
Antique Boat Museum Clayton, NY | $21,965,515 | $5,416,390 |
Lancaster Science Center Lancaster, PA | $3,068,922 | $1,227,133 |
Buehler Challenger & Science Center Foundation Inc Paramus, NJ | $1,090,071 | $724,251 |
Sterling Hill Mining Museum Inc Ogdensburg, NJ | $7,322,067 | $422,071 |
Quiet Valley Living Historical Farm Stroudsburg, PA | $2,239,844 | $387,900 |