International Skydiving Museum & Hall Of Fame
- Assets
- $6.9m
- Revenue
- $804.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Fredericksburg, VA
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 23-7181972
Organization Overview
International Skydiving Museum & Hall Of Fame is located in Fredericksburg, VA. The organization was established in 1972. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, International Skydiving Museum & Hall Of Fame employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Skydiving Museum & Hall Of Fame 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, International Skydiving Museum & Hall Of Fame generated $804.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $538.7k during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AWARENESS OF SKYDIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AWARENESS AND UNDERSTANDING OF THE SPORT OF SKYDIVING, PRESERVE THE HISTORY OF SKYDIVING, ENHANCE AVIATION SAFETY, AND TO BUILD A MUSEUM DEDICATED TO THE SPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mccormick Director Of Development | 22 | $102,375 | |
James F Curtis III President/ceo | OfficerTrustee | 1 | $0 |
Christopher Needels Chairman | OfficerTrustee | 1 | $0 |
Graeme Windsor Vice President | OfficerTrustee | 1 | $0 |
Alvin Schlichtemeier Treasurer | OfficerTrustee | 1 | $0 |
Marylou Laughlin Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,481 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,935 |
| Total Program Service Revenue | $0 |
| Investment income | $9,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,990 |
| Net Income from Fundraising Events | $1,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,147 |
| 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 | $144,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,605 |
| Payroll taxes | $15,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,900 |
| Fees for services: Accounting | $13,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,423 |
| Fees for services: Other | $33,645 |
| Advertising and promotion | $72,975 |
| Office expenses | $43,231 |
| Information technology | $13,588 |
| Royalties | $0 |
| Occupancy | $15,557 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,800 |
| Insurance | $2,389 |
| All other expenses | $0 |
| Total functional expenses | $538,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,390 |
| Savings and temporary cash investments | $608,968 |
| Pledges and grants receivable | $1,226,861 |
| 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 | $1,097 |
| Prepaid expenses and deferred charges | $1,247 |
| Net Land, buildings, and equipment | $3,606,018 |
| Investments—publicly traded securities | $739,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,000 |
| Other assets | $0 |
| Total assets | $6,917,343 |
| Accounts payable and accrued expenses | $8,803 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,803 |
| Net assets without donor restrictions | $4,661,478 |
| Net assets with donor restrictions | $2,247,062 |
| 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 | $6,917,343 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Skydiving Museum & Hall Of Fame has recieved totaling $6,028.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
International Spy Museum Washington, DC | $139,621,736 | $22,140,962 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |