Air Heritage Inc
- Assets
- $512.7k
- Revenue
- $102.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaver Falls, PA
- Founding
- 07/1986
- Data as of
- 12/2021
- EIN
- 25-1435020
Organization Overview
Air Heritage Inc is located in Beaver Falls, PA. The organization was established in 1986. According to its NTEE Classification (A50) the organization is classified as: 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. Air Heritage Inc 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, Air Heritage Inc generated $102.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $75.5k during the year ending 12/2021. While expenses have increased by 13.9% 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
MUSEUM FOR RESTORATION, PRESERVATION, AND DISPLAY OF HISTORICAL AIRCRAFT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM FOR RESTORATION, PRESERVATION, AND DISPLAY OF HISTORICAL AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gargaro Vice Preside | OfficerTrustee | 20 | $0 |
John Miller Treasurer | OfficerTrustee | 10 | $0 |
Dave Treusch Secretary | OfficerTrustee | 20 | $0 |
Bill Schillig President | Officer | 20 | $0 |
Dale Bonner Trustee | Trustee | 20 | $0 |
David Matthews Trustee | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,542 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,223 |
| Total Program Service Revenue | $0 |
| Investment income | $12,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,724 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,493 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,513 |
| 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 | $1,225 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,586 |
| Advertising and promotion | $0 |
| Office expenses | $4,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,108 |
| Travel | $0 |
| 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 | $13,236 |
| Insurance | $22,528 |
| All other expenses | $459 |
| Total functional expenses | $75,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,017 |
| Savings and temporary cash investments | $133,609 |
| 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 | $10,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $223,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,707 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $512,707 |
| 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 | $512,707 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Air Heritage Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $5,000 |
Eqt Foundation Pittsburgh, PA PURPOSE: MATCHING GIFT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |
American Museum Of The Moving Image Astoria, NY | $5,870,489 | $5,453,055 |
Rockwell Museum Corning, NY | $8,339,616 | $5,240,521 |
Museum Of Chinese In The America New York, NY | $11,986,346 | $14,599,749 |
American Folk Art Museum New York, NY | $12,095,077 | $3,818,559 |
Seaport Museum New York New York, NY | $25,331,264 | $3,990,883 |
American Kennel Club Museum Of The Dog New York, NY | $19,543,798 | $3,681,348 |