Rhinebeck Aerodrome Museum
- Assets
- $6.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Rhinebeck, NY
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 22-2831174
Organization Overview
Rhinebeck Aerodrome Museum is located in Rhinebeck, NY. The organization was established in 1992. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Rhinebeck Aerodrome Museum employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhinebeck Aerodrome 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 12/2022, Rhinebeck Aerodrome Museum generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $802.7k during the year ending 12/2022. While expenses have increased by 10.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSEUM TO EDUCATE THE PUBLIC ABOUT AVIATION FROM 1903-1939.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM TO USE COLLECTION OF ANTIQUE CARS, AIRCRAFT & MEMORIBILIA TO EDUCATE THE PUBLIC ABOUT AVIATION FROM 1903-1939 & TO PROVIDE AIRSHOWS AND BI-PLANE RIDES USING THE VINTAGE AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Digiacomio President | OfficerTrustee | 15 | $600 |
David Trost MD Vice Preside | OfficerTrustee | 15 | $2,000 |
Warren Batson Treasurer | OfficerTrustee | 10 | $0 |
Michael F Fisher Secretary | OfficerTrustee | 10 | $0 |
Heather Howley Trustee | Trustee | 5 | $0 |
Robert Lippman Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,721 |
| Fundraising events | $11,525 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,670,469 |
| Noncash contributions included in lines 1a–1f | $11,525 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,722,715 |
| Total Program Service Revenue | $496,952 |
| Investment income | $12,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,882 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,298,724 |
| 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. | $5,690 |
| Compensation of current officers, directors, key employees. | $1,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,009 |
| Payroll taxes | $23,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $263 |
| Fees for services: Other | $19,473 |
| Advertising and promotion | $28,289 |
| Office expenses | $37,857 |
| Information technology | $3,355 |
| Royalties | $0 |
| Occupancy | $119,008 |
| Travel | $2,614 |
| 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 | $40,572 |
| Insurance | $84,181 |
| All other expenses | $13,798 |
| Total functional expenses | $802,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,860 |
| Savings and temporary cash investments | $2,034,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,594 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,038,297 |
| Investments—publicly traded securities | $12,513 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,589 |
| Total assets | $6,306,498 |
| Accounts payable and accrued expenses | $772,652 |
| Grants payable | $0 |
| Deferred revenue | $9,292 |
| 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 | $781,944 |
| Net assets without donor restrictions | $4,351,904 |
| Net assets with donor restrictions | $1,172,650 |
| 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 | $6,306,498 |