Strategic Air Command & Aerospace Museum
- Assets
- $15.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Ashland, NE
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 47-0619646
Organization Overview
Strategic Air Command & Aerospace Museum is located in Ashland, NE. The organization was established in 1980. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Strategic Air Command & Aerospace Museum employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Air Command & Aerospace Museum 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, Strategic Air Command & Aerospace Museum generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 6.3% 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
THE MISSION OF THE AIR COMMAND AND AEROSPACE MUSEUM IS TO CELEBRATE OUR HERITAGE, PRESERVE OUR ARTIFACTS, AND INSPIRE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES, EDUCATION AND EXHIBITS FOR VISITORS OF THE STRATEGIC AIR COMMAND & AEROSPACE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey C Cannon President/ceo | Officer | 40 | $141,167 |
W Gary Gates Chairman | OfficerTrustee | 1 | $0 |
David Andersen Director | Trustee | 1 | $0 |
Robert Hinson Director | Trustee | 1 | $0 |
Edward Miller Director | Trustee | 1 | $0 |
Henry Cordes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,809 |
| Fundraising events | $21,463 |
| Related organizations | $0 |
| Government grants | $823,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,375,815 |
| Total Program Service Revenue | $1,783,614 |
| Investment income | $52 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,924 |
| Net Rental Income | $29,003 |
| Net Gain/Loss on Asset Sales | $7,650 |
| Net Income from Fundraising Events | -$18,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $32,619 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,213,097 |
| 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. | $179,505 |
| Compensation of current officers, directors, key employees. | $179,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $842,389 |
| Pension plan accruals and contributions | $104,801 |
| Other employee benefits | $194,549 |
| Payroll taxes | $229,440 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,498 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,602 |
| Advertising and promotion | $82,998 |
| Office expenses | $41,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,497 |
| 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 | $787,289 |
| Insurance | $78,349 |
| All other expenses | $77,598 |
| Total functional expenses | $3,636,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,778 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,768 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $99,647 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,491,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,128,012 |
| Accounts payable and accrued expenses | $198,578 |
| Grants payable | $225,000 |
| Deferred revenue | $158,406 |
| 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 | $581,984 |
| Net assets without donor restrictions | $14,193,349 |
| Net assets with donor restrictions | $352,679 |
| 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 | $15,128,012 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Strategic Air Command & Aerospace Museum has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Richard Brooke Foundation Omaha, NE PURPOSE: ABOVE AND BEYOND STEM EXHIBIT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Center Of Iowa Des Moines, IA | $41,082,841 | $6,707,633 |
Wings Over The Rockies Air & Space Museum Denver, CO | $18,125,239 | $6,645,780 |
Strategic Air Command & Aerospace Museum Ashland, NE | $15,128,012 | $3,213,097 |
Fort Collins Museum Of Discovery Nonprofit Partner Fort Collins, CO | $7,782,958 | $1,936,888 |
Eureka Mcconnell Science Museum Grand Unction, CO | $5,462,376 | $1,740,593 |
Flint Hills Discovery Center Foundation Manhattan, KS | $1,451,367 | $713,043 |
National Mining Hall Of Fame And Museum Leadville, CO | $3,392,122 | $1,616,613 |
Science Zone Casper, WY | $1,896,237 | $540,251 |
Junkyard Social Club Boulder, CO | $210,242 | $338,194 |
Iowa Academy Of Science Cedar Falls, IA | $335,471 | $87,693 |
Trailhead Childrens Museum Crested Butte, CO | $50,564 | $0 |
Space Museum Bonne Terre, MO | $83,673 | $0 |