The Virginia Air And Space Center
- Assets
- $3.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 73
- Location
- Hampton, VA
- Founding
- 11/1988
- Data as of
- 06/2024
- EIN
- 54-1447096
Organization Overview
The Virginia Air And Space Center is located in Hampton, VA. The organization was established in 1988. 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 06/2024, Virginia Air And Space Center employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Air And Space Center 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 06/2024, Virginia Air And Space Center generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, ENTERTAIN, AND INSPIRE EXPLORERS OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTENDANCE TO THE MUSEUM FOR THIS FISCAL YEAR WAS 78,781. INCLUDED IN TOTAL VISITATION WERE 34,515 STUDENTS WHO VISITED THE MUSEUM. ALSO SERVED A TOTAL OF 8,292 STUDENTS IN THE OUTREACH PROGRAM. THE MUSEUM FEATURES OVER 166 EXHIBITS, INCLUDING 19 AIRCRAFTS, 7 SPACE CRAFTS, 2 ROCKETS AND 1 LUNAR HABITAT.
EDUCATIONAL PROGRAMS - THE CURRICULUM TEAM DEVELOPED AND IMPLEMENTED THREE NEW INQUIRY BASED PROGRAMS AND UPDATED SUPPLIES AND EQUIPMENT FOR SEVERAL OTHERS. THESE PROGRAMS ARE ESSENTIAL TO SCHOOLS AS THEY ARE ALIGNED WITH THE VIRGINIA SOLS TO SUPPORT FORMAL LEARNING GOALS AND OBJECTIVES. IN ADDITION, TWO NEW CAREER WORKSHOPS FOR MIDDLE SCHOOLS WERE DEVELOPED AND DEPLOYED. THESE PROGRAMS INCLUDE A SCENARIO-BASED CHALLENGE. THESE PROGRAMS SUPPORT VIRGINIA STANDARDS OF LEARNING, CAREER AWARENESS, AND ACCESSIBILTY. THE ENTITY ALSO PROVIDED OVERNIGHT CAMPES FOR SCOUTING EVENTS AND EIGHT WEEKS AT CAMP NASA DURING THE SUMMER. THROUGH CAMP NASA, YOUNG PEOPLE COULD EXPERIENCE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH THROUGH FOCUSED ADVENTURES IN SPACE, AVIATION, ROBOTICS AND ENGINEERING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jeffery Smith Executive Di | 40 | $155,000 | |
Ann Bane Director | Trustee | 3 | $0 |
William T Brown Director | Trustee | 3 | $0 |
Brian D Deprofio Director | Trustee | 3 | $0 |
Michael B Hamar Director | Trustee | 3 | $0 |
Dr Raymond L Haynes Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $197,839 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,703,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,241,358 |
| Total Program Service Revenue | $1,210,833 |
| Investment income | $33,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,384 |
| 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 | $182,156 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,733,385 |
| 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 | $1,115,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $135,880 |
| Payroll taxes | $92,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $263,183 |
| Advertising and promotion | $94,850 |
| Office expenses | $22,140 |
| Information technology | $30,585 |
| Royalties | $51,113 |
| Occupancy | $308,806 |
| Travel | $154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,910 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $94,475 |
| All other expenses | $201,851 |
| Total functional expenses | $2,889,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,881 |
| Savings and temporary cash investments | $3,098,911 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $172,153 |
| Prepaid expenses and deferred charges | $15,888 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,847 |
| Total assets | $3,935,682 |
| Accounts payable and accrued expenses | $275,344 |
| 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 | $457,703 |
| Total liabilities | $733,047 |
| Net assets without donor restrictions | $3,200,760 |
| Net assets with donor restrictions | $1,875 |
| 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 | $3,935,682 |