U S Space Walk Of Fame Foundation
- Assets
- $680.9k
- Revenue
- $333.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Titusville, FL
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 59-3267408
Organization Overview
U S Space Walk Of Fame Foundation, operating under the name American Space Museum, is located in Titusville, FL. The organization was established in 1996. 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 12/2022, American Space Museum employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Space 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 12/2022, American Space Museum generated $333.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $433.7k during the year ending 12/2022. While expenses have increased by 10.1% 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
OUR PURPOSE AND GOVERNING MISSION ARE "PRESERVING ACHIEVEMENT; INSPIRING INNOVATION."TO PRESERVE THE HISTORY OF THE UNITED STATES' SPACE PROGRAM;TO HONOR OUR NATION'S ASTRONAUTS AND AEROSPACE INNOVATORS;TO EDUCATE CURRENT AND FUTURE GENERATIONS ABOUT THE SACRIFICE AND COOPERATION NECESSARY TO BUILD THE EARLY SPACE PROGRAM;TO INSPIRE THE NEXT GENERATION OF SCIENTISTS, INNOVATORS, AND EXPLORERS WHO WILL TAKE OUR NATION, AND THE WORLD, IN NEW AND EXCITING DIRECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PRESERVE AND PROMOTE SPACE HISTORY AND HONOR THOSE WHO BUILT THE EARLY SPACE PROGRAM THROUGH OUR MONUMENTS AT SPACE VIEW PARK AND THROUGH THE MUSEUM. OUR COLLECTIONS DEPARTMENT IS IN THE PROCESS OF BEING ACCESSIONED,NUMBERED, PHOTOGRAPHED, AND PROPERLY IDENTIFIED AND PLACED, ACCORDINGTO NATIONAL MUSEUM STANDARDS. THIS IS AN ONGOING PROCESS THAT ISRAISING THE PROFILE OF THE FACILITY AND INCREASING OUR VALUE AS ANHISTORICAL INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lary Ostarly Chairman | OfficerTrustee | 2 | $0 |
Troy Prost Vice Chair | OfficerTrustee | 2 | $0 |
Steve Lloyd Secretary | OfficerTrustee | 2 | $0 |
Bonnie King Treasurer | OfficerTrustee | 2 | $0 |
Karin Conklin Executive Director | OfficerTrustee | 40 | $56,385 |
Bob Sieck Executive Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,418 |
| Total Program Service Revenue | $53,435 |
| Investment income | $420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $157,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,253 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,794 |
| 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. | $56,384 |
| Compensation of current officers, directors, key employees. | $11,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,479 |
| Advertising and promotion | $16,368 |
| Office expenses | $6,050 |
| Information technology | $2,842 |
| Royalties | $0 |
| Occupancy | $23,311 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,890 |
| Insurance | $6,856 |
| All other expenses | $505 |
| Total functional expenses | $433,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,743 |
| Savings and temporary cash investments | $162,309 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $382,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,874 |
| Accounts payable and accrued expenses | $21,320 |
| 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 | $244,829 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $266,149 |
| Net assets without donor restrictions | $414,725 |
| 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 | $680,874 |
Grants Awarded
Over the last fiscal year, U S Space Walk Of Fame Foundation has awarded $623,233 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF TITUSVILLE PURPOSE: PROMOTE APPRECIATION OF AMERICA'S SPACE PROGRAM | $210,256 |
CITY OF TITUSVILLE PURPOSE: PROMOTE APPRECIATION OF AMERICA'S SPACE PROGRAM | $412,977 |