Sheboygan County Aviation Corp
- Assets
- $1.0m
- Revenue
- $68.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheboygan Falls, WI
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 39-1941963
Organization Overview
Sheboygan County Aviation Corp, operating under the name Aviation Heritage Center of Wisconsin, is located in Sheboygan Falls, WI. The organization was established in 1998. 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. Aviation Heritage Center of Wisconsin 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 12/2023, Aviation Heritage Center of Wisconsin generated $68.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $96.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2 PART III, 4A.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE AVIATION HERITAGE CENTER OF WISCONSIN IS TO PRESERVE THE AVIATION HISTORY OF WISCONSIN AND THE LEGACY OF UNIQUE EPISODES IN CIVIL AND MILITARY AVIATION VIA ARCHIVING AND PUBLIC EXHIBITS. IN ADDITION, AVIATION EDUCATION PROGRAMS ENCOURAGE YOUNG PEOPLE TO PURSUE CAREERS IN AVIATION RELATED FIELDS. THE CENTER IS A 501 C3 NONPROFIT ORGANIZATION GOVERNED BY A BOARD OF DIRECTORS. THE PRESIDENT MANAGES THE ORDINARY ACTIVITIES. THE CENTER IS SOUTHEASTERN WISCONSIN'S ONLY AVIATION CENTER AND SERVES A POPULATION REGION OF MORE THAN 1 MILLION PEOPLE. VISITORS COME TO VIEW INDOOR AND OUTDOOR AVIATION EXHIBITS, EXPERIENCE ANTIQUE AND MILITARY AIRCRAFT IN FLIGHT, MEET THEIR PILOTS, AND ARE EXPOSED TO AVIATION VETERANS OF ALL AMERICAM WARS FROM WWII THROUGH THE GULF WARS. THE CENTER'S FLAGSHIP EVENTS INCLUDE A FIVE DAY T-28 (A FORMER MILITARY TRAINER AND ATTACK AIRCRAFT) CLINIC AND FLIGHT DEMONSTRATIONS,AND SPECIAL AIRCRAFT RETORATION PROJECTS THAT HONOR FORMER CIVILIAN AND MILITARY AVIATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Valenstein President | OfficerTrustee | $0 | |
Paul Walter Director | Trustee | $0 | |
Michael Brotz Director | Trustee | $0 | |
Gary Fick Treasurer | OfficerTrustee | $0 | |
Chris Roenitz Director | Trustee | $0 | |
Greg Rutzen Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,408 |
| Noncash contributions included in lines 1a–1f | $175 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,408 |
| Total Program Service Revenue | $7,892 |
| Investment income | $460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,090 |
| 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 | $2,302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,152 |
| 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 | $5,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,377 |
| Office expenses | $1,482 |
| 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 | $1,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,463 |
| Insurance | $6,050 |
| All other expenses | $35,426 |
| Total functional expenses | $96,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,450 |
| Savings and temporary cash investments | $1,069 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,048 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $884,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,043,705 |
| 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 | $962,405 |
| Net assets with donor restrictions | $81,300 |
| 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 | $1,043,705 |