Alaska Aviation Heritage Museum
- Assets
- $6.7m
- Revenue
- $631.3k
- Investments
- $4.6m
- Employees
- 15
- Location
- Anchorage, AK
- Founding
- 08/1979
- Data as of
- 12/2020
- EIN
- 92-0071852
Organization Overview
Alaska Aviation Heritage Museum is located in Anchorage, AK. The organization was established in 1979. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Alaska Aviation Heritage Museum employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Aviation Heritage Museum 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 12/2020, Alaska Aviation Heritage Museum generated $631.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $612.4k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLECTION, PRESERVATION AND PUBLIC PRESENTATION OF ALASKAS AVIATION HISTORY, 1897-PRESENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE OLDER AIRCRAFT FOR RESTORATION AND DISPLAY. COSTS OF ACQUISITIONS ARE CAPITALIZED, NOT EXPENSED. RESTORE OLDER AIRCRAFT TO ORIGINAL CONDITION FOR FLYING AND INTERPRETIVE DISPLAY AT MUSEUM PREMISES. OPERATE MUSEUM WITH OLDER AIRCRAFT PHOTOGRAPHS, HISTORICAL ARTIFACTS AND MEMORABILIA RELATED TO 1920-1945. VISITOR BASE INCLUDES TOURISTS, STUDENTS AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Morrison President | Officer | 5 | $0 |
Brent Cole Secretarytreasurer | Officer | 5 | $0 |
Danny Seybert Vice President | Officer | 5 | $0 |
Richard Benner Trustee | Trustee | 1 | $0 |
Don Rogers Past President | Trustee | 1 | $0 |
Bill Sharrow Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,463 |
| Fundraising events | $63,610 |
| Related organizations | $0 |
| Government grants | $312,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,476 |
| Total Program Service Revenue | $27,880 |
| Investment income | $9,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,490 |
| Net Gain/Loss on Asset Sales | $12,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,265 |
| 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 | $297,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,727 |
| Advertising and promotion | $4,240 |
| Office expenses | $8,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $222 |
| 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 | $67,493 |
| Insurance | $20,588 |
| All other expenses | $153,251 |
| Total functional expenses | $612,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,169 |
| Prepaid expenses and deferred charges | $20,836 |
| Net Land, buildings, and equipment | $1,569,679 |
| Investments—publicly traded securities | $100,413 |
| Investments—other securities | $4,629,194 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,679,112 |
| Accounts payable and accrued expenses | $4,810 |
| Grants payable | $0 |
| Deferred revenue | $21,574 |
| 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 | $64,700 |
| Other liabilities | $3,786 |
| Total liabilities | $94,870 |
| Net assets without donor restrictions | $6,584,242 |
| 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 | $6,679,112 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Alaska Aviation Heritage Museum has recieved totaling $98,639.
| Awarding Organization | Amount |
|---|---|
Atwood Foundation Incorporated Anchorage, AK PURPOSE: STEEL PLATES UNDER BOEING 737, NEW CARPET & NEW LIGHTING | $32,091 |
Rasmuson Foundation Anchorage, AK PURPOSE: FLOORING RENOVATION IN ANCHORAGE | $23,231 |
Jim And Vicki Jansen Foundation Anchorage, AK PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
Museums Alaska Incorporated Anchorage, AK PURPOSE: ACQUIRE ART, COLL MT | $18,306 |
John C Hughes Foundation Inc Anchorage, AK PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $495,990 |
| Earnings | $53,858 |
| Admin Expense | $4,762 |
| Ending Balance | $545,086 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Museum Association Anchorage, AK | $13,680,966 | $14,736,241 |
Northwest Maritime Center Port Townsend, WA | $21,051,564 | $9,184,031 |
Burke Museum Association Seattle, WA | $1,429,157 | $2,025,349 |
Densho Seattle, WA | $2,629,365 | $2,391,669 |
Yakima Valley Museum & Hist Assn Yakima, WA | $9,407,246 | $1,269,577 |
Valdez Museum And Historical Archive Association Incorporated Valdez, AK | $412,960 | $617,040 |
Alaska Aviation Heritage Museum Anchorage, AK | $6,679,112 | $631,265 |
Columbia Gorge Interpretive Center Stevenson, WA | $2,351,160 | $339,061 |
Port Townsend Aero Museum Port Townsend, WA | $7,746,029 | $1,457,196 |
Friends Of Flying Heritage C/O Vulcan Inc Seattle, WA | $0 | $108,258 |
Inland Empire Railway Historical Society Reardon, WA | $3,337,569 | $363,759 |
Veterans Memorial Museum Chehalis, WA | $2,178,919 | $293,932 |