Glenn L Martin Maryland Aviation Museum Inc
- Assets
- $693.9k
- Revenue
- $120.8k
- Investments
- $384.9k
- Employees
- 0
- Location
- Middle River, MD
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 52-1683696
Organization Overview
Glenn L Martin Maryland Aviation Museum Inc is located in Middle River, MD. The organization was established in 1990. 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. Glenn L Martin Maryland Aviation Museum 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 12/2022, Glenn L Martin Maryland Aviation Museum Inc generated $120.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $160.3k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GLENN L. MARTIN MARYLAND AVIATION MUSEUM, INC.S MISSION IS TO PRESERVE THE RICH AVIATION AND AEROSPACE HISTORY. THROUGH GENEROUS DONATIONS, THE MUSEUM HAS ACCUMULATED DOCUMENTS, AIRCRAFT TOOLS AND ARTIFACTS. THE MUSEUM OFFERS EDUCATION PROGRAMS FOR ALL AGES, FROM A FREE MONTHLY SPEAKER SERIES TO SPECIAL TOURS FOR SCHOOLS AND OTHER GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING THE STORAGE AND MUSEUM AREAS, PROVIDING EDUCATIONAL PROGRAMS AND TOURS ALLOWS THE PUBLIC TO LEARN MORE ABOUT THE RICH MARYLAND HISTORY OF AVIATION. RESTORATIONS ARE NECESSARY TO PRESERVE MANY OF THE HISTORICAL ARTIFACTS. THE MUSEUM HAS BEEN ABLE TO STORE AND DISPLAY TO THE PUBLIC RELEVANT ARTIFACTS RELATED TO FLIGHT SINCE THE INCEPTION OF THE GLENN L. MARTIN COMPANY. THE MUSEUM HAS RECEIVED GENEROUS SUPPORT THROUGH FACILITY SPACE FURNISHED AT NO CHARGE FOR MUSEUM DISPLAYS AND STORAGE OF ARTIFACTS. DURING THE YEAR ENDED DECEMBER 31, 2021, THE ORGANIZATION RECEIVED $435,235 AND $425,844 OF IN-KIND FACILITY AND VOLUNTEER LABOR, RESPECTIVELY, NOT REPORTED ON THE 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gustavus Mcleod Executive Dir. | Officer | 55 | $33,836 |
Joseph Corteal Chairman | OfficerTrustee | 16 | $0 |
Craig Jackson Secretary | OfficerTrustee | 4 | $0 |
Ted Cooper Director | Trustee | 12 | $0 |
John Bartkowiak Director | Trustee | 4 | $0 |
Phyllis Fullem Director | Trustee | 14 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,505 |
| Total Program Service Revenue | $16,703 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,324 |
| Net Income from Sales of Inventory | $5,819 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,836 |
| Compensation of current officers, directors, key employees. | $1,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,991 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,850 |
| Advertising and promotion | $14,430 |
| Office expenses | $10,356 |
| 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 | $0 |
| Insurance | $4,934 |
| All other expenses | $4,706 |
| Total functional expenses | $160,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,424 |
| Savings and temporary cash investments | $9,987 |
| Pledges and grants receivable | $8,241 |
| 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 | $26,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $384,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,338 |
| Total assets | $693,901 |
| 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 | $395,253 |
| Net assets with donor restrictions | $298,648 |
| 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 | $693,901 |