Airport Foundation Msp
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 29
- Location
- St Paul, MN
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 36-4088129
Organization Overview
Airport Foundation Msp is located in St Paul, MN. The organization was established in 1984. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2022, Airport Foundation Msp employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Airport Foundation Msp 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, Airport Foundation Msp generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.8% 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 ELEVATE THE TRAVEL EXPERIENCE AND SUPPORT THE AVIATION COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAVELERS ASSISTANCE - THIS PROGRAM IS STAFFED BY VOLUNTEERS AND SUPERVISED BY PAID STAFF, ASSISTS TRAVELERS AT MSP INTERNATIONAL AIRPORT WITH WAY-FINDING, TOURISM INFORMATION, FLIGHT INFORMATION, AND SPECIAL ASSISTANCE REQUESTS FROM LOCAL AGENCIES, AIRPORT TENANTS, AND TRAVELERS AND THEIR FAMILIES.
ARTS AND CULTURE - THE ARTS AND CULTURE PROGRAM SHOWCASES ARTISTIC TALENTS AND CULTURAL HIGHLIGHTS OF THE MINNESOTA REGION BY PARTNERING WITH LOCAL ORGANIZATIONS TO PROVIDE PERFORMING ARTS, ROTATING EXHIBITS, AND COMMISSIONED ART INSTALLATIONS THROUGHOUT MAC OWNED FACILITIES.
CONTRIBUTIONS AND BEAUTIFICATION - WORKING CLOSELY WITH THE METROPOLITAN AIRPORTS COMMISSION, THE FOUNDATION CONTRIBUTES TO PROJECTS WHICH ENHANCE AND BEAUTIFY AIRPORT FACILITIES. PROJECTS HAVE INCLUDED: HOLIDAY LIGHTING, ARTWORK, FLOWERS, THE AVIATION HISTORY CENTER, PLAY AREAS, AND THE INTERNATIONAL ARRIVAL FACILITY. THE FOUNDATION CONTINUES TO SUPPORT AVIATION RELATED PROJECTS SUCH AS THE AIR EXPO AT FLYING CLOUD AIRPORT AND DISCOVER AVIATION DAYS AT THE ANOKA AIRPORT. EACH OF THESE COMMUNITY EVENTS ATTRACT TENS OF THOUSANDS OF LOCAL RESIDENTS INTERESTED IN AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Hartman Chair | OfficerTrustee | 1 | $0 |
Scott Brener President | OfficerTrustee | 1 | $0 |
Thomas Anderson Board Member | Trustee | 1 | $0 |
Katy Barrett Treasurer | OfficerTrustee | 1 | $0 |
Dan Boivin Secretary | OfficerTrustee | 1 | $0 |
Bill Deef Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,084,362 |
| Investment income | $5,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,043 |
| Net Income from Gaming Activities | $213,804 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,840,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,409 |
| Payroll taxes | $63,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,473 |
| Advertising and promotion | $10,245 |
| Office expenses | $51,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $12,763 |
| Insurance | $15,256 |
| All other expenses | $0 |
| Total functional expenses | $1,369,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,422 |
| Savings and temporary cash investments | $501,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,453 |
| Total assets | $1,284,659 |
| Accounts payable and accrued expenses | $160,514 |
| 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 | $160,514 |
| Net assets without donor restrictions | $1,123,423 |
| Net assets with donor restrictions | $722 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,124,145 |
Grants Awarded
Over the last fiscal year, Airport Foundation Msp has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEARNING JET PURPOSE: To support aerospace education | $5,000 |
WINGS OF THE NORTH INC PURPOSE: Donation for event | $5,000 |