Planes Of Fame Air Museum
- Assets
- $19.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 13
- Location
- Chino, CA
- Founding
- 10/1960
- Data as of
- 12/2021
- EIN
- 95-6092771
Organization Overview
Planes Of Fame Air Museum is located in Chino, CA. The organization was established in 1960. 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, Planes Of Fame Air Museum employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planes Of Fame Air 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 12/2021, Planes Of Fame Air Museum generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) 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
IT IS THE MISSION OF PLANES OF FAME AIR MUSEUM TO PRESERVE AVIATION HISTORY, INSPIRE INTEREST IN AVIATION, EDUCATE THE PUBLIC AND HONOR AVIATION PIONEERS AND VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM PROGRAM:TO PRESERVE AVIATION HISTORY, INSPIRE INTEREST IN AVIATION, EDUCATE THE PUBLIC, HONOR AVIATION PIONEERS AND VETERANS.
OTHER PROGRAMS:EDUCATIONAL OUTREACH AND DEVELOPMENT.
FLIGHT OPERATIONS, MEMBERSHIP AND GIFT SHOP OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Wilkins Executive Dir. | Officer | 40 | $68,384 |
John Maloney Vice President | OfficerTrustee | 40 | $3,000 |
Les Whittlesey Secretary | OfficerTrustee | 20 | $0 |
Steven Hinton II Director | Trustee | 20 | $0 |
Karen Hinton Treasurer | OfficerTrustee | 20 | $0 |
Tom Nightingale Chairman | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fighter Rebuilder Llc Aircraft Repairs | 12/30/19 | $113,300 |
Vintage V12s Aircraft Components | 12/30/19 | $184,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,895 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $788,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,456,156 |
| Noncash contributions included in lines 1a–1f | $28,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,359,342 |
| Total Program Service Revenue | $1,270,040 |
| Investment income | $19,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,518 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136,598 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,835,681 |
| 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. | $71,384 |
| Compensation of current officers, directors, key employees. | $5,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,608 |
| Payroll taxes | $94,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146 |
| Fees for services: Accounting | $28,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,301 |
| Office expenses | $60,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,069 |
| Travel | $9,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $391,132 |
| Insurance | $87,787 |
| All other expenses | $19,292 |
| Total functional expenses | $1,589,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,104,310 |
| Savings and temporary cash investments | $23,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,784 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,113 |
| Prepaid expenses and deferred charges | $95,132 |
| Net Land, buildings, and equipment | $12,194,263 |
| Investments—publicly traded securities | $1,816,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $796,209 |
| Total assets | $19,144,993 |
| Accounts payable and accrued expenses | $77,530 |
| Grants payable | $0 |
| Deferred revenue | $53,103 |
| 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 | $7,995 |
| Total liabilities | $138,628 |
| Net assets without donor restrictions | $18,680,815 |
| Net assets with donor restrictions | $325,550 |
| 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 | $19,144,993 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Planes Of Fame Air Museum has recieved totaling $1,256,938.
| Awarding Organization | Amount |
|---|---|
Clay Lacy Foundation Los Angeles, CA PURPOSE: SUPPORT FOR ORGANIZATION | $1,000,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,400 |
Breckenridge Aviation Museum Breckenridge, TX PURPOSE: GENERAL OPERATIONS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $538 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Turtle Bay Exploration Park Redding, CA | $48,250,618 | $8,223,185 |
Palm Springs Art Museum Palm Springs, CA | $40,212,131 | $11,070,079 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |