Minnesota Air National Guard Historical Foundation Inc
- Assets
- $679.4k
- Revenue
- $65.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 12/1980
- Data as of
- 12/2023
- EIN
- 41-1385613
Organization Overview
Minnesota Air National Guard Historical Foundation Inc is located in St Paul, MN. The organization was established in 1980. 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. Minnesota Air National Guard Historical Foundation 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 12/2023, Minnesota Air National Guard Historical Foundation Inc generated $65.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $73.0k during the year ending 12/2023. 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
THE MINNESOTA AIR NATIONAL GUARD HISTORICAL FOUNDATION MISSION IS TO OPERATE THE MINNESOTA AIR GUARD MUSEUM AS A MEANS TO PRESERVE AND PROMOTE THE LEGACY OF MINNESOTA'S AIR NATIONAL GUARD AND AVIATION IN GENERAL, ENGAGING LEARNERS OF ALL AGES IN UNDERSTANDING THE IMPORTANCE OF AVIATION AND AEROSPACE TO MINNESOTA'S PAST, PRESENT AND FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES THE MINNESOTA AIR GUARD MUSEUM AND SUPPORTS AN AIR PARK. AS PART OF THOSE ACTIVITIES, ESSENTIAL MAINTENANCE IS PERFORMED ON MORE THAN 20 HISTORICALLY SIGNIFICANT AIRCRAFT IN THE AIR PARK, WHICH EMBODY THE COMPELLING STORY AND ACHIEVEMENTS OF THE MINNESOTA AIR GUARD AND MINNESOTA AVIATION HISTORY. CONSERVATION WORK CONTINUES ON THE MUSEUM'S COLLECTIONS, WHICH INCLUDE THE MILLER COLLECTION FEATURING IMPORTANT ARTIFACTS AND DOCUMENTS FROM BRIGADIER GENERAL RAY MILLER. MUCH MORE THAN THE FATHER OF THE MINNESOTA AIR NATIONAL GUARD - THE FIRST FEDERALLY RECOGNIZED UNIT IN THE NATION - GENERAL MILLER ALSO HAD A PROFOUND IMPACT ON MINNESOTA'S CIVIL AND COMMERCIAL AVIATION DEVELOPMENTS AND ACHIEVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Haase Chairman | OfficerTrustee | 5 | $0 |
Karen Wolf Vice Chairman | OfficerTrustee | 5 | $0 |
Josh Schaffer Secretary | OfficerTrustee | 5 | $0 |
Terry Morris Treasurer | OfficerTrustee | 5 | $0 |
Michael Drews Director | OfficerTrustee | 20 | $0 |
Rick Dow Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,903 |
| Total Program Service Revenue | $2,166 |
| Investment income | $6,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,204 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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 | $2,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,475 |
| Office expenses | $2,127 |
| Information technology | $434 |
| Royalties | $0 |
| Occupancy | $398 |
| Travel | $87 |
| 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 | $992 |
| Insurance | $4,100 |
| All other expenses | $0 |
| Total functional expenses | $72,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,026 |
| Savings and temporary cash investments | $442,723 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,700 |
| Total assets | $679,449 |
| 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 | $0 |
| 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 | $679,449 |
| Total liabilities and net assets/fund balances | $679,449 |