Piper Aviation Museum Foundation
- Assets
- $1.5m
- Revenue
- $196.7k
- Investments
- $860.5k
- Employees
- 0
- Location
- Lock Haven, PA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 23-2811016
Organization Overview
Piper Aviation Museum Foundation is located in Lock Haven, PA. The organization was established in 1995. According to its NTEE Classification (A54) the organization is classified as: History 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. Piper Aviation Museum Foundation 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, Piper Aviation Museum Foundation generated $196.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $160.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF MUSEUM OF AIRCRAFT HISTORY
PROGRAM SPECIFIC EVENTS RELATED TO PIPER AVIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Hoy Director | 1 | $0 | |
Lowell Depoy Director | 1 | $0 | |
Ron Dremel President | 5 | $0 | |
Calvin Arter 2nd Vice Pre | 1 | $0 | |
Joshua Grimes Treasurer | 2 | $0 | |
Charles Rosamilia 1st VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $92,774 |
| Interest on Savings | $1,340 |
| Dividends & Interest | $19,180 |
| Net Rental Income | -$2,515 |
| Net Gain on Sale of Assets | $46,319 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $192 |
| Other Income | $27,379 |
| Total Revenue | $196,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $47,203 |
| Pension plans, employee benefits | $7,378 |
| Interest | $0 |
| Taxes | $2,202 |
| Depreciation | $30,607 |
| Occupancy | $19,942 |
| Travel, conferences, and meetings | $188 |
| Printing and publications | $3,294 |
| Other expenses | $47,678 |
| Total operating and administrative expenses | $160,527 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $160,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,726 |
| Savings and temporary cash investments | $87,748 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $8,878 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $564,350 |
| Other assets | $0 |
| Total assets | $1,541,249 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,294 |
| Total liabilities | $2,294 |
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