Interior And Arctic Alaska Aeronautical Foundation Inc I A A
- Assets
- $911.2k
- Revenue
- $227.2k
- Investments
- $55.1k
- Employees
- 6
- Location
- Fairbanks, AK
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 92-0103455
Organization Overview
Interior And Arctic Alaska Aeronautical Foundation Inc I A A is located in Fairbanks, AK. The organization was established in 1985. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Interior And Arctic Alaska Aeronautical Foundation Inc I A A employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interior And Arctic Alaska Aeronautical Foundation Inc I A A 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, Interior And Arctic Alaska Aeronautical Foundation Inc I A A generated $227.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $86.2k during the year ending 12/2021. 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
AVIATION HISTORY MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLECTION SERVICES AND A PLACE TO KEEP AND PRESERVE AVIATION ARTIFACTS FROM ALASKA'S RICH AVIATION HISTORY.OFFER VARIOUS EDUCATIONAL SERVICES THROUGH THE MUSEUM TO LOCAL ALASKANS AND VISITORS,INCLUDING TO INTERPRET THE COLLECTION FOR THE PUBLIC. THE COLLECTION IS KEPT IN AN BUILDING PROVIDED BY THE FAIRBANKS NORTH STAR BOROUGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Johansen President | OfficerTrustee | 3 | $0 |
Steve Martz Vice President | OfficerTrustee | 1 | $0 |
Steve Lundeen Treasurer | OfficerTrustee | 1 | $0 |
Stan Halvarson Secretary | OfficerTrustee | 1 | $0 |
Dave Williams Board Member | Trustee | 1 | $0 |
Roger Weggel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $230 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,620 |
| Total Program Service Revenue | $13,802 |
| Investment income | $24,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,179 |
| 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 | $44,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94 |
| Office expenses | $2,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,537 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,551 |
| All other expenses | $0 |
| Total functional expenses | $86,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $513,023 |
| Investments—other securities | $55,056 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,007 |
| Total assets | $911,195 |
| Accounts payable and accrued expenses | $268 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $268 |
| Net assets without donor restrictions | $910,927 |
| 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 | $911,195 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Interior And Arctic Alaska Aeronautical Foundation Inc I A A has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Alaska Humanities Forum Anchorage, AK PURPOSE: COVID RELIEF | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles & Emma Frye Free Public Art Museum Inc Testamentary Trust Seattle, WA | $67,990,835 | $9,421,562 |
Flying Heritage & Combat Armor Museum Severett, WA | $57,687,450 | $4,791,140 |
Sno-King Ice Sports Kirkland, WA | $2,403,737 | $2,901,295 |
Lemay-Americas Car Museum Tacoma, WA | $51,076,971 | $3,774,944 |
Bainbridge Island Museum Of Art Bainbridge Island, WA | $19,171,950 | $2,672,018 |
Alutiiq Heritage Foundation Kodiak, AK | $6,297,980 | $6,482,918 |
Northwest African American Museum Inc Seattle, WA | $2,508,685 | $2,382,834 |
George Weyerhaeuser Pacific Rim Bonsai Collection A Nonprofit Corp Federal Way, WA | $1,875,822 | $931,817 |
Whatcom Museum Foundation Bellingham, WA | $5,947,142 | $1,260,854 |
Wenatchee Valley Museum And Cultural Center Wenatchee, WA | $3,549,283 | $1,519,955 |
Foss Waterway Seaport Tacoma, WA | $3,002,833 | $1,362,741 |
Makah Cultural And Reseach Center Neah Bay, WA | $1,896,792 | $842,353 |