National Soaring Museum Inc
- Assets
- $4.4m
- Revenue
- $584.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Elmira, NY
- Founding
- 11/1973
- Data as of
- 12/2021
- EIN
- 16-1004983
Organization Overview
National Soaring Museum Inc is located in Elmira, NY. The organization was established in 1973. 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, National Soaring Museum Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Soaring Museum Inc 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, National Soaring Museum Inc generated $584.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $260.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
MUSEUM OF MOTORLESS FLIGHT, COLLECT, CATALOG AND DISPLAY ARTIFACTS, AND TO PROVIDE EDUCATIONAL PROGRAMS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION MANAGEMENT AND DISPLAY - MUSEUM OPEN ALL YEAR TO PUBLIC.PROGRAM AND EVENTS FOR PUBLIC RELATED TO MOTORLESS FLIGHT AND RELATED ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trafford Doherty Director | Officer | 40 | $60,060 |
William Batesole President (vice President Through 5/2021) | OfficerTrustee | 2 | $0 |
Dr William Guerry Howard Treasurer/secretary | OfficerTrustee | 2 | $0 |
Wilson Lowry Vice President | OfficerTrustee | 2 | $0 |
W Stuart Schweizer President Through 5/2021 | OfficerTrustee | 2 | $0 |
Robert Briggs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,868 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,338 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,306 |
| Total Program Service Revenue | $31,463 |
| Investment income | $60,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,619 |
| Net Income from Fundraising Events | $11,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,792 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,249 |
| 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. | $64,827 |
| Compensation of current officers, directors, key employees. | $32,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,197 |
| Payroll taxes | $14,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,764 |
| Fees for services: Other | $6,800 |
| Advertising and promotion | $6,540 |
| Office expenses | $7,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,044 |
| Insurance | $12,245 |
| All other expenses | $3,304 |
| Total functional expenses | $260,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,653 |
| Savings and temporary cash investments | $122,439 |
| 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 | $10,971 |
| Prepaid expenses and deferred charges | $3,272 |
| Net Land, buildings, and equipment | $58,020 |
| Investments—publicly traded securities | $2,724,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,489,964 |
| Total assets | $4,421,862 |
| Accounts payable and accrued expenses | $3,076 |
| 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 | $78,226 |
| Total liabilities | $81,302 |
| Net assets without donor restrictions | $2,840,312 |
| Net assets with donor restrictions | $1,500,248 |
| 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 | $4,421,862 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Soaring Museum Inc has recieved totaling $37,126.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $37,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Endowment Analysis
| Beg. Balance | $1,918,855 |
| Earnings | $238,666 |
| Net Contributions | $97,768 |
| Other Expense | $56,311 |
| Ending Balance | $2,198,978 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carnegie Institute Pittsburgh, PA | $541,460,866 | $82,217,609 |
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |