Museum Of Flight Foundation, operating under the name Museum Of Flight, is located in Seattle, WA. The organization was established in 1965. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Museum Of Flight employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Museum Of Flight 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, Museum Of Flight generated $40.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $19.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSEUM OF FLIGHT EXISTS TO ACQUIRE, PRESERVE AND EXHIBIT HISTORICALLY SIGNIFICANT AIR AND SPACE ARTIFACTS, WHICH PROVIDE A FOUNDATION FOR SCHOLARLY RESEARCH, AND LIFELONG LEARNING PROGRAMS THAT INSPIRE AN INTEREST IN AND UNDERSTANDING OF SCIENCE, TECHNOLOGY AND THE HUMANITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM OF FLIGHT IN SEATTLE, WA, ONE OF THE WORLD'S LARGEST PRIVATE NONPROFIT AIR AND SPACE MUSEUMS, HOSTED MORE THAN 200,000 VISITORS IN 2021 WHILE BEING OPEN FOR 298 DAYS.IN WORKING TOWARD THE VISION OF BEING THE "FOREMOST EDUCATIONAL AIR AND SPACE MUSEUM IN THE WORLD" THE MUSEUM REACHED MORE THAN 54,000 ON-SITE STUDENT PARTICIPANTS AS WELL AS 7,818 REMOTE EDUCATION PARTICIPANTS, FOCUSING ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) DISCIPLINES. THE MUSEUM IS A SMITHSONIAN AFFILIATE AND IS ALSO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS.WITH A MISSION TO "ACQUIRE, PRESERVE AND EXHIBIT HISTORICALLY SIGNIFICANT AIR AND SPACE ARTIFACTS, WHICH PROVIDE A FOUNDATION FOR SCHOLARLY RESEARCH, AND LIFELONG LEARNING PROGRAMS THAT INSPIRE AN INTEREST IN AND UNDERSTANDING OF SCIENCE, TECHNOLOGY AND THE HUMANITIES" THE MUSEUM DISPLAYS OVER 175 AIR- AND SPACECRAFT, ALONG WITH ARTIFACTS SHOWCASING AEROSPACE HISTORY. IN ADDITION TO THE MANY PERMANENT EXHIBITS COVERING THE BREADTH OF AEROSPACE HISTORY, THE MUSEUM PROVIDES SEVERAL TEMPORARY EXHIBITS EACH YEAR ON A WIDE RANGE OF SUBJECTS. IN ADDITION TO THE AIRCRAFT ON VIEW, THE MUSEUM MAINTAINS THE LARGEST AERONAUTICAL LIBRARY AND ARCHIVES OPEN TO THE PUBLIC ON THE WEST COAST, WHERE MORE THAN 669 TEACHERS, SCHOLARS, AUTHORS AND FILMMAKERS CONDUCTED RESEARCH IN 2021. IN ALL AREAS OF THE MUSEUM, VOLUNTEERS CONTRIBUTED IN EXCESS OF 56,000 HOURS OF SERVICE.THE MUSEUM'S EDUCATIONAL PROGRAMS SUPPORT BOTH STATE AND NATIONAL STANDARDS, WASHINGTON STATE SCIENCE LEARNING STANDARDS AND COMMON CORE STATE STANDARDS. THE MUSEUM'S EDUCATOR PROFESSIONAL DEVELOPMENT PROGRAMS ARE CERTIFIED TO PROVIDE CLOCK HOUR CREDITS FOR TEACHERS. MORE THAN 20 PROGRAMS ARE OFFERED, AND INCLUDE THE AMERICAN CAMP ASSOCIATION ACCREDITED AEROSPACE CAMP EXPERIENCE (ACE) SUMMER CAMP, THE NATIONALLY ACCLAIMED CHALLENGER LEARNING CENTER (CLC), THE MUSEUM-DESIGNED AVIATION LEARNING CENTER (ALC), AND A WIDE RANGE OF DISTANCE LEARNING PROGRAMS. THE MUSEUM ALSO HOSTS THE WASHINGTON AEROSPACE SCHOLARS (WAS), A COMPETITIVE, COLLABORATIVE PROGRAM WITH NASA IS PRIVATELY FUNDED AND INTENDED TO KEEP THE NATION AT THE FOREFRONT OF TECHNICAL COMPETITIVENESS. ADDITIONALLY, THE MUSEUM'S CAMPUS IS HOME TO RAISBECK AVIATION HIGH SCHOOL, PART OF THE HIGHLINE SCHOOL DISTRICT WITH 400 STUDENTS AND A STEM-BASED CURRICULUM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew Hayes President & CEO | Officer | 40 | $281,336 |
Doug King Former Pres/ceo | 0 | $215,252 | |
Alan Switzer VP Development | Officer | 40 | $201,293 |
Erika Callahan VP Marketing/sales | Officer | 40 | $183,186 |
Dana Riley Black VP Education | Officer | 40 | $177,499 |
Lynda King VP Finance | Officer | 40 | $171,474 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Vision Media Marketing | 12/30/21 | $526,137 |
Rcc Inc Janitorial | 12/30/21 | $297,661 |
Psr Mechanical Mechanical Repairs | 12/30/21 | $280,872 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $12,854,347 |
All other contributions, gifts, grants, and similar amounts not included above | $19,670,199 |
Noncash contributions included in lines 1a–1f | $4,086,113 |
Total Revenue from Contributions, Gifts, Grants & Similar | $32,524,546 |
Total Program Service Revenue | $4,577,093 |
Investment income | $1,233,112 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $13,207 |
Net Rental Income | $325,722 |
Net Gain/Loss on Asset Sales | $1,191,910 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $808,883 |
Miscellaneous Revenue | $0 |
Total Revenue | $40,753,721 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $225,000 |
Grants and other assistance to domestic individuals. | $184,759 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,278,181 |
Compensation of current officers, directors, key employees. | $417,134 |
Compensation to disqualified persons | $215,252 |
Other salaries and wages | $7,420,419 |
Pension plan accruals and contributions | $118,585 |
Other employee benefits | $1,182,923 |
Payroll taxes | $705,633 |
Fees for services: Management | $0 |
Fees for services: Legal | $29,926 |
Fees for services: Accounting | $96,611 |
Fees for services: Lobbying | $10,842 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $70,274 |
Fees for services: Other | $800,333 |
Advertising and promotion | $441,637 |
Office expenses | $189,117 |
Information technology | $450,993 |
Royalties | $0 |
Occupancy | $764,803 |
Travel | $12,829 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,018 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,416,216 |
Insurance | $474,147 |
All other expenses | $626,418 |
Total functional expenses | $19,566,852 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,251,232 |
Savings and temporary cash investments | $14,618,177 |
Pledges and grants receivable | $832,711 |
Accounts receivable, net | $414,411 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $11,563,680 |
Inventories for sale or use | $355,583 |
Prepaid expenses and deferred charges | $642,968 |
Net Land, buildings, and equipment | $75,849,736 |
Investments—publicly traded securities | $65,297,754 |
Investments—other securities | $5,069,827 |
Investments—program-related | $138,537,896 |
Intangible assets | $0 |
Other assets | $527,500 |
Total assets | $316,961,475 |
Accounts payable and accrued expenses | $1,780,049 |
Grants payable | $0 |
Deferred revenue | $749,840 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $7,245,690 |
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 | $138,923 |
Total liabilities | $9,914,502 |
Net assets without donor restrictions | $240,794,084 |
Net assets with donor restrictions | $66,252,889 |
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 | $316,961,475 |
Over the last fiscal year, Museum Of Flight Foundation has awarded $200,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Seattle, WA PURPOSE: TO SUPPORT ORGANIZATION PURPOSE | $175,000 |
Seattle, WA PURPOSE: TO SUPPORT ORGANIZATION PURPOSE | $25,000 |
Over the last fiscal year, we have identified 14 grants that Museum Of Flight Foundation has recieved totaling $12,379,612.
Awarding Organization | Amount |
---|---|
Aldarra Foundation Seattle, WA PURPOSE: 2021 FLIGHT PLAN | $8,500,000 |
Aldarra Foundation Seattle, WA PURPOSE: VARIOUS ENDOWMENTS | $3,410,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $200,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $85,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: REMOTE DISTANCE LEARNING | $75,000 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; SUPPORT AS PART OF ANNUAL TRUSTEE FUNDRAISING; TO SUPPORT HERITAGE PRESERVATION AND EDUCATION | $30,250 |
Beg. Balance | $34,659,317 |
Earnings | $4,484,174 |
Admin Expense | $70,273 |
Net Contributions | $6,660,106 |
Other Expense | $407,584 |
Grants | $156,785 |
Ending Balance | $45,168,955 |
Organization Name | Assets | Revenue |
---|---|---|
Museum Of Flight Foundation Seattle, WA | $316,961,475 | $40,753,721 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Henry Gallery Association Inc Seattle, WA | $28,956,119 | $4,211,330 |
Wing Luke Memorial Foundation Seattle, WA | $11,076,869 | $11,490,156 |
Anchorage Museum Foundation Anchorage, AK | $43,139,923 | $4,285,923 |
Jack And Shirley Mcintyre Foundation Camano Island, WA | $7,434,116 | $1,587,086 |
Numerica Performing Arts Center Wenatchee, WA | $4,487,181 | $1,049,987 |
Northwest Regional Esd Foundation Hillsboro, OR | $73,778 | $1,010,317 |
Kboo Foundation Portland, OR | $1,209,758 | $994,891 |
Lincoln Theatre Center Foundation Mount Vernon, WA | $898,508 | $1,072,552 |
Swedish Club Foundation Seattle, WA | $5,030,942 | $1,500,108 |