Golden Age Air Museum
- Assets
- $1.1m
- Revenue
- $160.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethel, PA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 23-2901557
Organization Overview
Golden Age Air Museum is located in Bethel, PA. The organization was established in 1998. 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. Golden Age Air 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 12/2021, Golden Age Air Museum generated $160.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $69.6k during the year ending 12/2021. 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
THE GOLDEN AGE AIR MUSEUM WAS ORGANIZED TO MAINTAIN A FACILITY FOR THE RESTORATION, PRESERVATION, AND DISPLAY OF AIRCRAFT AND AVIATION MEMORABILIA RELATING TO THE YEARS OF FIRST POWERED FLIGHT TO THE BEGINNING OF WORLD WAR II. THE MUSEUM AIMS TO PRESERVE AND PERPETUATE THE HISTORY AND MEMORY OF PIONEERS IN AVIATION AS WELL AS DISPLAY RELATED AIRCRAFT AND MEMORABILIA TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANTIQUE AIRCRAFT RESTORATION TO EDUCATE THE VISITING PUBLIC ON TECHNIQUES USED IN BUILDING AIRCRAFT IN THE 1920S AND 1930S.
ANTIQUE AIRCRAFT SHOWS AND OTHER FLYING EVENTS WHERE THE VISITING PUBLIC MAY ENJOY THE SIGHT AND SOUND OF EARLY AVIATION.
MUSEUM WHERE THE VISITING PUBLIC CAN VIEW FULL SIZE OPERATIONAL AIRCRAFT AND AUTOMOBILES, AS WELL AS A DISPLAY OF ARTIFACTS FROM THE GOLDEN AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Dougherty Jr Chairman/president | OfficerTrustee | 20 | $0 |
Caroline D Dougherty Director/secretary | OfficerTrustee | 20 | $0 |
Michael O'neal Director/treasurer | OfficerTrustee | 10 | $0 |
Gerry Wild Director | Trustee | 10 | $0 |
Michael Cilurso Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,530 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,751 |
| Noncash contributions included in lines 1a–1f | $70,577 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,281 |
| Total Program Service Revenue | $42,634 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,496 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,659 |
| Office expenses | $2,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,475 |
| Travel | $251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,131 |
| Insurance | $8,834 |
| All other expenses | $391 |
| Total functional expenses | $69,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,851 |
| Savings and temporary cash investments | $71,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,507 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $111,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $842,742 |
| Total assets | $1,069,631 |
| Accounts payable and accrued expenses | $0 |
| 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 | $55,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,158 |
| Total liabilities | $56,707 |
| Net assets without donor restrictions | $1,012,924 |
| Net assets with donor restrictions | $0 |
| 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 | $1,069,631 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden Age Air Museum has recieved totaling $190.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
Lower East Side Tenement Museum New York, NY | $36,923,048 | $8,687,426 |
Dayton History Dayton, OH | $68,372,034 | $7,774,649 |
National Underground Railroad Freedom Center Inc Cincinnati, OH | $30,820,781 | $4,231,725 |
Genesee Country Museum Mumford, NY | $24,289,826 | $5,606,616 |
Fenimore Art Museum New York, NY | $63,527,114 | $3,838,046 |
B & O Railroad Museum Baltimore, MD | $29,274,881 | $4,473,800 |
Farmers Museum Inc New York, NY | $82,300,614 | $4,849,865 |
Mansfield Reformatory Preservation Society Inc Mansfield, OH | $6,627,269 | $4,312,949 |
Baltimore Museum Of Industry Baltimore, MD | $4,041,463 | $2,097,519 |
The Long Island Museum Of American Art History & Carriages Stony Brook, NY | $25,489,639 | $2,528,641 |
Historical Society Of Delaware Wilmington, DE | $28,427,187 | $2,375,420 |