Piper Aviation Museum Foundation
- Assets
- $1.4m
- Revenue
- $155.4k
- Investments
- $736.6k
- Employees
- 0
- Location
- Lock Haven, PA
- Founding
- 10/1995
- Data as of
- 12/2022
- 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 12/2022, Piper Aviation Museum Foundation generated $155.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $155.6k during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Ron Dremel President | 5 | $0 | |
Calvin Arter 2nd Vice Pre | 1 | $0 | |
Joshua Grimes Treasurer | 2 | $0 | |
Charles Rosamilia 1st VP | 1 | $0 | |
Cathy Redmond Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $71,691 |
| Interest on Savings | $353 |
| Dividends & Interest | $19,904 |
| Net Rental Income | -$493 |
| Net Gain on Sale of Assets | $18,751 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $9,749 |
| Other Income | $22,513 |
| Total Revenue | $155,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $40,532 |
| Pension plans, employee benefits | $4,407 |
| Interest | $0 |
| Taxes | $2,267 |
| Depreciation | $31,016 |
| Occupancy | $20,946 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $654 |
| Other expenses | $53,051 |
| Total operating and administrative expenses | $155,598 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $155,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,922 |
| Savings and temporary cash investments | $48,733 |
| 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 | $12,513 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $576,918 |
| Other assets | $0 |
| Total assets | $1,414,680 |
| 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 | $2,060 |
| Total liabilities | $2,060 |