North Carolina Aviation Museum & Hall Of Fame Incorporated
- Assets
- $309.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Asheboro, NC
- Founding
- 06/1995
- Data as of
- 04/2023
- EIN
- 58-2166154
Organization Overview
North Carolina Aviation Museum & Hall Of Fame Incorporated is located in Asheboro, NC. The organization was established in 1995. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2023, North Carolina Aviation Museum & Hall Of Fame Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Aviation Museum & Hall Of Fame Incorporated 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 04/2023, North Carolina Aviation Museum & Hall Of Fame Incorporated generated $111.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $76.0k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (24.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS ESTABLISHED FOR NURTURING AND STIMULATING INTERESTIN AVIATION PAST, PRESENT AND FUTURE BY PRESERVING, RESTORINGAND DISPLAYING AIRCRAFT OF HISTORIC SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Broome Chairman | 1 | $0 | |
Vickie Merritt Director | 5 | $0 | |
Rudy Rich Vice Chair | 1 | $0 | |
Bobbi Bridge Treasurer | 1 | $0 | |
Keith Hodgin Director | 1 | $0 | |
Rod Crosgrove Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,177 |
| Total Program Service Revenue | $0 |
| Membership dues | $433 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,686 |
| Other Revenue | $27,912 |
| Total Revenue | $111,293 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,014 |
| Professional fees and other payments to independent contractors | $4,950 |
| Occupancy, rent, utilities, and maintenance | $19,058 |
| Printing, publications, postage, and shipping | $709 |
| Other expenses | $37,240 |
| Total expenses | $75,971 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,248 |
| Other assets | $0 |
| Total assets | $309,422 |
| Total liabilities | $1,112 |
| Net assets or fund balances | $308,310 |