Connecticut Aeronautical Historical Association
- Assets
- $9.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 26
- Location
- Windsor Locks, CT
- Founding
- 10/1961
- Data as of
- 12/2022
- EIN
- 06-6069083
Organization Overview
Connecticut Aeronautical Historical Association is located in Windsor Locks, CT. The organization was established in 1961. 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 12/2022, Connecticut Aeronautical Historical Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Aeronautical Historical Association 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 12/2022, Connecticut Aeronautical Historical Association generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE STORY OF AVIATION AND THE HUMAN GENIUS THAT MADE IT POSSIBLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AVIATION MUSEUM AND RESEARCH LIBRARY, EDUCATION OF THE PUBLIC ABOUT AVIATION HISTORY, ATTENDANCE OF APPROXIMATELY 60,545 DURING THIS REPORTING PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornelius P O'leary Board Member | Trustee | 1 | $0 |
Jeffrey A Dominick Treasurer | OfficerTrustee | 1 | $0 |
Gary A Hunt Board Member | Trustee | 1 | $0 |
James R Barger Board Member | Trustee | 1 | $0 |
Jeffrey J White Board Member | Trustee | 1 | $0 |
Kathy Wadsworth Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $60,002 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,163,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,382,888 |
| Total Program Service Revenue | $881,011 |
| Investment income | $46,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $130,801 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,558,571 |
| 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. | $396,445 |
| Compensation of current officers, directors, key employees. | $99,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $602,332 |
| Pension plan accruals and contributions | $33,596 |
| Other employee benefits | $51,210 |
| Payroll taxes | $79,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,617 |
| Fees for services: Accounting | $15,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,627 |
| Fees for services: Other | $2,495 |
| Advertising and promotion | $224,274 |
| Office expenses | $84,480 |
| Information technology | $34,614 |
| Royalties | $0 |
| Occupancy | $170,273 |
| 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 | $396,879 |
| Insurance | $51,818 |
| All other expenses | $109,064 |
| Total functional expenses | $2,765,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,004 |
| Savings and temporary cash investments | $116,135 |
| Pledges and grants receivable | $2,112,609 |
| Accounts receivable, net | $191,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,174 |
| Prepaid expenses and deferred charges | $3,220 |
| Net Land, buildings, and equipment | $3,960,704 |
| Investments—publicly traded securities | $2,140,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,986 |
| Total assets | $9,031,167 |
| Accounts payable and accrued expenses | $344,955 |
| Grants payable | $0 |
| Deferred revenue | $61,432 |
| 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 | $406,387 |
| Net assets without donor restrictions | $7,758,633 |
| Net assets with donor restrictions | $866,147 |
| 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 | $9,031,167 |