Castle Air Museum Foundation Incorporated
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Atwater, CA
- Founding
- 03/1981
- Data as of
- 12/2023
- EIN
- 94-2674852
Organization Overview
Castle Air Museum Foundation Incorporated is located in Atwater, CA. The organization was established in 1981. 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 12/2023, Castle Air Museum Foundation Incorporated employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Air Museum Foundation Incorporated 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, Castle Air Museum Foundation Incorporated generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $933.8k during the year ending 12/2023. While expenses have increased by 5.0% 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
CASTLE AIR MUSEUM MISSION IS TO PRESERVE HISTORCIAL AVIATION EQUIPMENT AND TO EDUCATE ON THE ROLE AVIATION PLAYED IN KEEPING AMERICA FREE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND MAINTENANCE OF AVIATION EQUIPMENT FOR DISPLAY AND EDUCATIONAL PURPOSES.
COLLECTION AND MAINTENANCE OF AVIATION EQUIPMENT FOR DISPLAY AND EDUCATIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Bruno Trustee/dire | Trustee | $0 | |
William Emery Trustee/dire | Trustee | $0 | |
Clay Garrison Chairman | Trustee | $0 | |
Earl Skip Hinman Secretary | Trustee | $0 | |
Michael Jensen Trustee/dire | Trustee | $0 | |
Carl Knoch Trustee/dire | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,197 |
| Fundraising events | $15,105 |
| Related organizations | $0 |
| Government grants | $68,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,900 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,316 |
| Total Program Service Revenue | $448,445 |
| Investment income | $17,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83,539 |
| Net Gain/Loss on Asset Sales | $185 |
| Net Income from Fundraising Events | $37,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,214,032 |
| 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 | $323,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,332 |
| Payroll taxes | $27,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,980 |
| Advertising and promotion | $104,927 |
| Office expenses | $36,638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,856 |
| Travel | $3,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,239 |
| Insurance | $46,707 |
| All other expenses | $5,624 |
| Total functional expenses | $933,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,007 |
| Savings and temporary cash investments | $67,352 |
| 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 | $6,068 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $549,192 |
| Investments—publicly traded securities | $643,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,014 |
| Total assets | $2,020,738 |
| Accounts payable and accrued expenses | $6,537 |
| 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 | $25,000 |
| Total liabilities | $31,537 |
| Net assets without donor restrictions | $1,714,631 |
| Net assets with donor restrictions | $274,570 |
| 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 | $2,020,738 |