Inspire Aviation Foundation Inc
- Assets
- $10.9k
- Revenue
- $6.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Norcross, GA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-5106197
Organization Overview
Inspire Aviation Foundation Inc is located in Norcross, GA. The organization was established in 2017. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inspire Aviation Foundation Inc 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 12/2021, Inspire Aviation Foundation Inc generated $6.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $5.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM - TO CREATE AND BUILD A WORLD CLASS AIR AND SPACE MUSUEM AND EDUCATIONAL CAMPUS AT DEKALB-PEACHTREE AIRPORT THAT LEADS WITH INNOVATIVE EDUCATIONAL PROGRAMS AND SETS THE BENCHMARK FOR PARTNERSHIPS WITH LOCAL AND STATE SCHOOL SYSTEMS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,510 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $757 |
| Printing and publications | $1,550 |
| Other expenses | $2,564 |
| Total operating and administrative expenses | $5,291 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,864 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,864 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Inspire Aviation Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Bennett Thrasher Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING FUND | $5,000 |
Bennett Thrasher Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
International African American Museum Charleston, SC | $69,899,271 | $29,654,302 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Naval Aviation Museum Foundation Inc Pensacola, FL | $33,055,724 | $12,296,659 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Cultural And Heritage Commission Of York County Rock Hill, SC | $4,729,121 | $4,880,963 |
Sun N Fun Fly In Inc Lakeland, FL | $10,303,437 | $7,398,461 |