Arizona Aerospace Foundation Inc

Organization Overview

Arizona Aerospace Foundation Inc is located in Tucson, AZ. The organization was established in 1967. 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 10/2022, Arizona Aerospace Foundation Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Aerospace 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 10/2022, Arizona Aerospace Foundation Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $6.8m during the year ending 10/2022. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO CREATE UNLIMITED HORIZONS IN AEROSPACE EDUCATION THROUGH THE PRESERVATION AND PRESENTATION OF THE HISTORY OF FLIGHT. BOTH THE PIMA AIR & SPACE MUSEUM AND THE TITAN MISSILE MUSEUM HAVE STRONG COMMITMENTS TO EDUCATING AND INSPIRING TOMORROW'S ENGINEERS, SCIENTISTS, PILOTS, AND ASTRONAUTS. EVERY YEAR, THOUSANDS OF SCHOOL CHILDREN ARE ADMITTED TO BOTH MUSEUMS FREE OF CHARGE. THE FOUNDATION PLANS TO CONTINUE EXPANDING ITS COLLECTION OF AIRCRAFT AND IMPROVING ITS VISITOR AMENITIES, WHILE EXPLORING NEW WAYS TO FOSTER AN INTEREST IN THE FUTURE OF AVIATION TECHNOLOGY AND AEROSPACE EXPLORATION IN THE YOUNG PEOPLE OF SOUTHERN ARIZONA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ARIZONA AEROSPACE FOUNDATION OPERATES TWO MUSEUMS, THE PIMA AIR & SPACE MUSEUM (PASM), AND THE TITAN MISSILE MUSEUM (TMM). PASM IS ONE OF THE LARGEST NON-GOVERNMENT-FUNDED AVIATION MUSEUMS IN THE UNITED STATES. THE MUSEUM MAINTAINS A COLLECTION OF MORE THAN 300 AIRCRAFT AND SPACECRAFT FROM AROUND THE WORLD, INCLUDING MANY RARE AND ONE-OF-A-KIND, AND MORE THAN 125,000 ARTIFACTS. THE TITAN MISSILE MUSEUM IS A NATIONAL HISTORIC LANDMARK AND IS THE ONLY PUBLICLY ACCESSIBLE TITAN II MISSILE COMPLEX OF THE 54 THAT WERE ON ALERT FROM 1963 TO 1987. IT IS ONE OF ONLY TWO INTERCONTINENTAL BALLISTIC MISSILE SITES IN THE WORLD THAT HAVE BEEN PRESERVED FOR THE BENEFIT OF THE PUBLIC. THE TWO MUSEUMS ARE HOST TO APPROXIMATELY 200,000 VISITORS EACH YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Kenneth Scott Marchand
Executive Director
$134,395
Wilbert Harri
Dir Of Finance & Operations
$85,388
George Henderson
Treasurer
$0
Tom Murphy
Vice Chairman
$0
John Wisner
Secretary
$0
Boyd Drachman
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,422,323
All other contributions, gifts, grants, and similar amounts not included above$516,332
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,938,655
Total Program Service Revenue$3,787,921
Investment income $4,793
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 $524,751
Miscellaneous Revenue$0
Total Revenue $9,727,919

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Arizona Aerospace Foundation Inc has recieved totaling $20,878.

Awarding OrganizationAmount
Assenmacher Foundation

Tucson, AZ

PURPOSE: PROGRAM SUPPORT

$20,000
Edmac Foundation Inc

Pittsford, NY

PURPOSE: GENERAL DONATION

$750
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$128
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$111,141
Ending Balance$111,141

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