Soaring By The Sea Foundation
- Assets
- $1.2m
- Revenue
- $916.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Eugene, OR
- Founding
- Data as of
- 12/2021
- EIN
- 84-4115403
Organization Overview
Soaring By The Sea Foundation is located in Eugene, OR. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soaring By The Sea Foundation 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, Soaring By The Sea Foundation generated $916.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CALENDAR YEAR 2021, SOARING BY THE SEA FOUNDATION CEASED ALL FLIGHTS, MOST OF OUR EVENTS AND AIRSHOWS CLOSED DUE TO COVID. THE FOUNDATION UTILIZED THIS TIME TO PERFORM NECESSARY RESTORATION AND MAINTENANCE ON THE AIRCRAFT AS WELL AS CONDUCTING PRIVATE GROUND TOURS FOR INDIVIDUALS, SCHOOLS AND AVIATION STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coy Pfaff President / Secretary | 26.4 | $38,300 | |
Stuart Barr Director | 1 | $0 | |
Melissa Hyerstay Director | 1 | $0 | |
Judy Barr Director | 1 | $0 | |
Jennifer Pfaff Director | 1 | $0 | |
Ray Pfaff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $914,725 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,811 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $916,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,127 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $221,934 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,331 |
| Printing and publications | $0 |
| Other expenses | $312,294 |
| Total operating and administrative expenses | $608,485 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $608,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,763 |
| 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 | $24,069 |
| Prepaid expenses and deferred charges | $21,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,126,902 |
| Other assets | $0 |
| Total assets | $1,182,734 |
| Accounts payable and accrued expenses | $2,191 |
| 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 | $2,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
The Tech Interactive San Jose, CA | $88,983,171 | $16,975,651 |
California Science Center Foundation Los Angeles, CA | $155,744,753 | $24,362,807 |
Pacific Science Center Foundation Seattle, WA | $49,782,600 | $14,639,761 |
Discovery Science Center Of Los Angeles Sylmar, CA | $18,703,953 | $7,039,819 |
San Diego Air & Space Museum San Diego, CA | $10,386,461 | $7,577,855 |
Evergreen Aviation And Space Museum And The Captain Michael King Smith Mcminnville, OR | $3,113,905 | $4,749,913 |
World Of Speed Wilsonville, OR | $3,593,305 | $2,665,712 |
Discovery Center Of Idaho Inc Boise, ID | $2,218,603 | $1,991,554 |
Scienceworks Hands-On Museum Ashland, OR | $1,437,055 | $1,122,594 |
World Of Wonders Science Museum Inc Lodi, CA | $3,555,384 | $1,048,536 |
Soaring By The Sea Foundation Eugene, OR | $1,182,734 | $916,536 |