North Carolina Aviation Museum & Hall Of Fame Incorporated
- Assets
- $273.4k
- Revenue
- $216.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Asheboro, NC
- Founding
- 06/1995
- Data as of
- 04/2022
- 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 04/2022, 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 04/2022, North Carolina Aviation Museum & Hall Of Fame Incorporated generated $216.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $79.1k during the year ending 04/2022. While expenses have increased by 1.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXHIBIT WARBIRDS & ASSOCIATED MEMORABILIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED FOR NURTURING AND STIMULATING INTEREST IN AVIATION PAST, PRESENT AND FUTURE BY PRESERVING, RESTORING AND DISPLAYING AIRCRAFT OF HISTORIC SIGNIFICANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Broome Chairman | OfficerTrustee | 1 | $0 |
Rudy Rich Vice Chair | Officer | 1 | $0 |
Bobbi Bridge Treasurer | Officer | 1 | $0 |
Keith Hodgin Director | Trustee | 1 | $0 |
Wayne Jacobs Director | Trustee | 1 | $0 |
Rod Crosgrove Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,882 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,928 |
| Noncash contributions included in lines 1a–1f | $112,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,810 |
| 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 | $6,963 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,877 |
| 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 | $12,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $898 |
| Payroll taxes | $1,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,006 |
| Advertising and promotion | $1,456 |
| Office expenses | $821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,444 |
| Travel | $430 |
| 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 | $17,225 |
| Insurance | $5,704 |
| All other expenses | $1,817 |
| Total functional expenses | $79,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $4,874 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $184,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,359 |
| Accounts payable and accrued expenses | $371 |
| 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 | $371 |
| Net assets without donor restrictions | $272,988 |
| Net assets with donor restrictions | $0 |
| 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 | $273,359 |
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|---|---|---|
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National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |
National Womens History Museum Alexandria, VA | $1,422,250 | $2,958,832 |
Charleston Museum Charleston, SC | $22,919,139 | $2,871,325 |
Museum Of The New South Inc Charlotte, NC | $19,470,866 | $6,687,366 |