Sullenberger Aviation Museum
- Assets
- $25.3m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Charlotte, NC
- Founding
- 07/1992
- Data as of
- 06/2023
- EIN
- 56-1769105
Organization Overview
Sullenberger Aviation Museum is located in Charlotte, NC. The organization was established in 1992. As of 06/2023, Sullenberger Aviation Museum employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sullenberger Aviation 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 06/2023, Sullenberger Aviation Museum generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 21.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
- INSPIRE PRESENT AND FUTURE GENERATIONS OF AEROSPACE AND STEM INNOVATORS;- EDUCATE ON THE IMPACT OF AVIATION AND AEROSPACE IN OUR LIVES, CULTURE, AND ECONOMY;- ELEVATE DIVERSITY IN STEM AND AEROSPACE TO CATALYZE ECONOMIC MOBILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM IS DEVELOPING A NEW FACILITY THAT CELEBRATES INNOVATION AND AMERICAN INGENUITY THAT LED TO THE EMERGENCE OF TODAYS AVIATION AND AEROSPACE INDUSTRY. AND IN DOING SO, IT IS DEVELOPING COMMUNITY PROGRAMMING TO EXCITE THE NEXT GENERATION THROUGH ITS MISSION TO INSPIRE, EDUCATE AND ELEVATE FUTURE GENERATIONS OF INNOVATORS WITH DIVERSE AND EQUITABLE ACCESS TO STEM CAREER PATHWAYS TO ADDRESS ECONOMIC MOBILITY. THE MUSEUM HAS EXPANDED ITS MISSION FOR GREATER COMMUNITY IMPACT, HAS INITIATED A CAPITAL CAMPAIGN, AND ADVANCED A CAPITAL DEVELOPMENT PROJECT TO OPEN A NEW MODERN FACILITY IN PARTNERSHIP WITH CLT AIRPORT. THE VISION OF THE NEW MUSEUM FACILITY CONNECTS THE HISTORY OF AVIATION AND AEROSPACE TO THE ADVANCEMENT TRENDS IN INNOVATION AND AVIATION/AEROSPACE TECHNOLOGIES THAT INSPIRE PEOPLE, EDUCATE THE NEXT GENERATION, AND CONNECT STUDENTS TO THE EVER-INCREASING CAREER OPPORTUNITIES IN STEM. WITH STATE-OF-THE-ART INTERACTIVE EXHIBITS AND STEM PROGRAMS, THE NEW FACILITY WILL BE A HIGH-PROFILE CULTURAL TOURISM ATTRACTION AND STATEWIDE STEM EDUCATION RESOURCE. IT WILL PROMOTE AVIATIONS IMPACTFUL STORIES HIGHLIGHTING THE INNOVATIONS THAT SHAPED OUR NC HERITAGE OF FIRST IN FLIGHT, AND PARTNER WITH STATEWIDE INDUSTRY TO PROVIDE EDUCATIONAL EXPERIENCES TO DRIVE THE DEVELOPMENT OF THE STEM AVIATION/AEROSPACE INDUSTRY SECTOR BY EXPANDING THE STEM CAREER PIPELINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Saucier President | OfficerTrustee | 50 | $106,553 |
Greg Boulanger Director | Trustee | 0 | $0 |
Gene Carney Director | Trustee | 0 | $0 |
Brian Siegel Treasurer | OfficerTrustee | 0 | $0 |
Joe Valasquez Director | Trustee | 0 | $0 |
Jay Potter Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Ae Architect | 6/29/23 | $277,487 |
Freeman Ryan Design Exhibit Design | 6/29/23 | $942,544 |
Rodgers Leeper Viii Construction | 6/29/23 | $2,373,327 |
Luquire George And Andrews Inc Marketing And Public Rela | 6/29/23 | $237,298 |
Myrick Construction Inc Construction | 6/29/23 | $1,166,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,465,355 |
| Noncash contributions included in lines 1a–1f | $592,211 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,465,355 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,510,185 |
| 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. | $113,753 |
| Compensation of current officers, directors, key employees. | $22,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,397 |
| Payroll taxes | $41,509 |
| 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 | $577,674 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,359 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,470 |
| Insurance | $18,024 |
| All other expenses | $50,706 |
| Total functional expenses | $2,933,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,220,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,264,979 |
| Accounts receivable, net | $137,438 |
| 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 | $15,709 |
| Net Land, buildings, and equipment | $9,685,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,323,507 |
| Accounts payable and accrued expenses | $46,702 |
| Grants payable | $0 |
| Deferred revenue | $367 |
| 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 | $1,391,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,684,572 |
| Total liabilities | $4,122,796 |
| Net assets without donor restrictions | -$3,100,053 |
| Net assets with donor restrictions | $24,300,764 |
| 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 | $25,323,507 |