Alaska Aviation Museum Endowment
- Assets
- $878.2k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-2633799
Organization Overview
Alaska Aviation Museum Endowment is located in Anchorage, AK. The organization was established in 2018. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., 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. Alaska Aviation Museum Endowment 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, Alaska Aviation Museum Endowment generated $226.1k 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 (16.3%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ALASKA AVIATION MUSEUM ENDOWMENT IS TO ENHANCE AND ENSURE THE FINANCIAL SECURITY OF THE ALASKA AVIATION MUSEUM NOW AND FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALASKA AVIATION MUSEUM BOARD OF DIRECTORS CREATED THE ALASKA AVIATION MUSEUM ENDOWMENT (AAME) TO PROVIDE A SUSTAINABLE SOURCE OF REVENUE FOR THE MUSEUM TO MAINTAIN AND EXPAND ITS COLLECTIONS AND INTRODUCE NEW EXHIBITS. IN DOING SO, WE WILL PROVIDE FOR THE GROWTH, STABILITY AND CONTINUATION OF THE MUSEUM AND THE PRESERVATION OF ALASKAS AVIATION HISTORY IN PERPETUITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Richter Board Member | OfficerTrustee | 0.5 | $0 |
Trudy Wassel Treasurer | OfficerTrustee | 0.5 | $0 |
Orin Seybert Past President | OfficerTrustee | 0.5 | $0 |
Mary Witte Co-President | Trustee | 0.5 | $0 |
Nancy Schierhorn Co-President | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,242 |
| Total Program Service Revenue | $0 |
| Investment income | $69,862 |
| 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 | $226,104 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,702 |
| Fees for services: Other | $525 |
| Advertising and promotion | $0 |
| Office expenses | $1 |
| Information technology | $789 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,153 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $805,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $878,234 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $878,234 |
| 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 | $878,234 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska Aviation Museum Endowment has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Sholton Foundation Anchorage, AK PURPOSE: MUSEUM DEVELOPMENT AND PRESERVATION | $10,000 |
Endowment Analysis
| Beg. Balance | $655,484 |
| Earnings | $113,044 |
| Ending Balance | $768,528 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museums Alaska Incorporated Anchorage, AK | $246,164 | $428,263 |
Storyknife Writers Retreat Homer, AK | $1,830,976 | $284,917 |
Seattle Chamber Music Society Foundation Seattle, WA | $6,174,265 | $391,944 |
Music4life Seattle, WA | $52,012 | $249,816 |
Music Theatre Of Wenatchee Inc Wenatchee, WA | $556,472 | $225,424 |
Friends Of Jane Addams Music Seattle, WA | $90,146 | $0 |
National Association For Poetry Therapy Inc Des Moines, WA | $56,940 | $0 |
Alaska Aviation Museum Endowment Anchorage, AK | $878,234 | $226,104 |