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 12/2023, Museum Of Flight employed 259 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 12/2023, Museum Of Flight generated $65.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $26.9m during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 445,000 VISITORS IN 2023 WHILE BEING OPEN FOR 362 DAYS. THE MUSEUM HAD 177 FULL-TIME EMPLOYEES IN 2023 AND 617 ACTIVE VOLUNTEERS WHO CONTRIBUTED 70,553 HOURS THROUGH TOURS, GUEST LECTURES, AND GUEST INTERACTIONS. IN STRIVING FOR ITS VISION TO "INSPIRE ALL THROUGH THE LIMITLESS POSSIBILITY OF FLIGHT..." THE MUSEUM SERVED OVER 40,000 STUDENTS WITH A FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) DISCIPLINES. THE MUSEUM ALSO PROVIDED OVER $332,000 IN FINANCIAL ASSISTANCE AND SCHOLARSHIPS. THE MUSEUM IS A SMITHSONIAN AFFILIATE AND IS ALSO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. IN 2023, THE MUSEUM UPDATED ITS MISSION TO FOCUS ON AND EMPHASIZE THE AUDIENCES IT IS PROUD TO SERVE: THE MUSEUM OF FLIGHT IS A COMMUNITY WHERE WE UNLEASH THE INNOVATION, PASSION, AND HUMAN STORY OF FLIGHT TO UNLOCK JOY AND THE AMAZING POTENTIAL IN EVERYONE. THE MUSEUM OF FLIGHT EXISTS TO: COLLECT, PRESERVE, AND PARTICIPATE IN THE DYNAMIC AND DIVERSE STORIES OF AEROSPACE; CAPTURE THE AWE OF THE PAST, PRESENT, AND FUTURE OF AVIATION AND SPACE FOR ALL TO EXPERIENCE; PROVIDE INNOVATIVE EXPERIENTIAL LEARNING OPPORTUNITIES FOR PEOPLE OF ALL AGES; AND CREATE A SENSE OF BELONGING AND COMMUNITY AROUND THE SHARED CONNECTION TO FLIGHT.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 SHOWCASING 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. OUR WORLD-CLASS COLLECTION IS MADE POSSIBLE BY WONDERFUL CONTRIBUTIONS FROM OUR COMMUNITY AND 2023 WAS NO EXCEPTION. IN 2023, THE MUSEUM ACCESSIONED 1,771 DONATIONS INTO OUR COLLECTION. THESE INCLUDED 77 NEW OBJECTS, UNIFORMS, PHOTOGRAPHS, AND 1,694 ADDITIONS TO THE HARL V. BRACKIN MEMORIAL LIBRARY. ADDITIONALLY, THE RESEARCH CENTER RECEIVED AND FULFILLED OVER 803 RESEARCH REQUESTS AND HOSTED 405 VISITORS. 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. THE MUSEUM OFFERED MORE THAN 20 PROGRAMS 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 |
---|---|---|---|
Steve Taylor Board Chair | OfficerTrustee | 2 | $0 |
Ron Limes Board Vice Chair | OfficerTrustee | 2 | $0 |
Kent Ramsey Board Secretary | OfficerTrustee | 2 | $0 |
Sri Thornton Board Treasurer | OfficerTrustee | 2 | $0 |
George Abbey Trustee | Trustee | 2 | $0 |
Mark Armstrong Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Omega General Contractors Construction | 12/30/23 | $462,611 |
Vision Media Advertising | 12/30/23 | $458,561 |
Reliable Commercial Cleaning Inc Janitorial | 12/30/23 | $390,986 |
Workpointe Shelving Construction | 12/30/23 | $797,601 |
Kone Inc Elevator Repair | 12/30/23 | $353,224 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $89,047 |
Related organizations | $0 |
Government grants | $318,476 |
All other contributions, gifts, grants, and similar amounts not included above | $48,755,250 |
Noncash contributions included in lines 1a–1f | $1,108,481 |
Total Revenue from Contributions, Gifts, Grants & Similar | $49,162,773 |
Total Program Service Revenue | $10,560,877 |
Investment income | $3,259,656 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $6,931 |
Net Rental Income | $999,745 |
Net Gain/Loss on Asset Sales | -$549,645 |
Net Income from Fundraising Events | -$29,691 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,798,646 |
Miscellaneous Revenue | $0 |
Total Revenue | $65,311,789 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $244,950 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,641,553 |
Compensation of current officers, directors, key employees. | $498,062 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,318,136 |
Pension plan accruals and contributions | $315,672 |
Other employee benefits | $1,288,276 |
Payroll taxes | $1,020,564 |
Fees for services: Management | $0 |
Fees for services: Legal | $107,082 |
Fees for services: Accounting | $117,346 |
Fees for services: Lobbying | $2,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $104,845 |
Fees for services: Other | $1,448,958 |
Advertising and promotion | $562,116 |
Office expenses | $112,359 |
Information technology | $1,037,813 |
Royalties | $0 |
Occupancy | $1,079,806 |
Travel | $113,292 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $59,949 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,714,936 |
Insurance | $612,544 |
All other expenses | $1,487,365 |
Total functional expenses | $26,853,233 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,105,109 |
Savings and temporary cash investments | $60,878,758 |
Pledges and grants receivable | $2,176,858 |
Accounts receivable, net | $405,393 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $11,519,140 |
Inventories for sale or use | $367,386 |
Prepaid expenses and deferred charges | $998,395 |
Net Land, buildings, and equipment | $73,717,587 |
Investments—publicly traded securities | $78,358,401 |
Investments—other securities | $349,945 |
Investments—program-related | $139,633,390 |
Intangible assets | $0 |
Other assets | $1,784,060 |
Total assets | $372,294,422 |
Accounts payable and accrued expenses | $1,904,180 |
Grants payable | $0 |
Deferred revenue | $933,077 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $7,150,219 |
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 | $1,111,274 |
Total liabilities | $11,098,750 |
Net assets without donor restrictions | $232,774,483 |
Net assets with donor restrictions | $128,421,189 |
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 | $372,294,422 |
Over the last fiscal year, Museum Of Flight Foundation has awarded $200,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
WASHINGTON AEROSPACE SCHOLARS FOUNDATION PURPOSE: TO SUPPORT ORGANIZATION PURPOSE | $175,000 |
WOODLAND PARK ZOO PURPOSE: TO SUPPORT ORGANIZATION PURPOSE | $25,000 |