Empire State Aerosciences Museum
- Assets
- $1.1m
- Revenue
- $472.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Glenville, NY
- Founding
- 01/1985
- Data as of
- 09/2023
- 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 09/2023, Empire State Aerosciences Museum employed 5 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 09/2023, Empire State Aerosciences Museum generated $472.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $324.0k during the year ending 09/2023. While expenses have increased by 6.4% per year over the past 8 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
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 |
|---|---|---|---|
Daniel P Wilson President | OfficerTrustee | 7 | $0 |
Richard Bievenue 1st Vice President | OfficerTrustee | 7 | $0 |
Joyce Newkirk Treasurer | OfficerTrustee | 7 | $0 |
Marvin Weiss Secretary | OfficerTrustee | 7 | $0 |
Michael Collins 2nd Vice President | OfficerTrustee | 7 | $0 |
Steve Borbee Trustee | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,949 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,195 |
| Total Program Service Revenue | $67,024 |
| Investment income | $4,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,650 |
| Net Gain/Loss on Asset Sales | -$158 |
| Net Income from Fundraising Events | $27,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,727 |
| 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 | $48,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,733 |
| 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 | $623 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,988 |
| 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 | $52,296 |
| Insurance | $30,875 |
| All other expenses | $6,233 |
| Total functional expenses | $324,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,092 |
| Savings and temporary cash investments | $48,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,392 |
| Prepaid expenses and deferred charges | $7,965 |
| Net Land, buildings, and equipment | $593,173 |
| Investments—publicly traded securities | $165,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,390 |
| Total assets | $1,089,842 |
| Accounts payable and accrued expenses | $67,484 |
| 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 | $0 |
| Total liabilities | $79,846 |
| Net assets without donor restrictions | $1,006,017 |
| 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 | $1,089,842 |