National Soaring Museum Inc
- Assets
- $5.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Elmira, NY
- Founding
- 11/1973
- Data as of
- 12/2022
- 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 12/2022, National Soaring Museum Inc employed 8 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 12/2022, National Soaring Museum Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $273.3k during the year ending 12/2022. 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trafford Doherty Director | Officer | 40 | $62,461 |
William Batesole President | OfficerTrustee | 2 | $0 |
Wilson Lowry Vice President | OfficerTrustee | 2 | $0 |
Dr William Guerry Howard Treasurer/secretary | OfficerTrustee | 2 | $0 |
Aaron Alsheimer ESQ Board Member | Trustee | 1 | $0 |
C Dianne Black-Nixon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,841 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,037,400 |
| Noncash contributions included in lines 1a–1f | $400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,092,241 |
| Total Program Service Revenue | $30,504 |
| Investment income | $63,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,900 |
| Net Gain/Loss on Asset Sales | $1,296 |
| Net Income from Fundraising Events | $386 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,100 |
| 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. | $67,862 |
| Compensation of current officers, directors, key employees. | $33,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,723 |
| Payroll taxes | $13,995 |
| 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 | $17,419 |
| Fees for services: Other | $16,340 |
| Advertising and promotion | $5,937 |
| Office expenses | $8,316 |
| 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 | $425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,140 |
| Insurance | $13,886 |
| All other expenses | $1,293 |
| Total functional expenses | $273,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,078 |
| Savings and temporary cash investments | $41,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,317 |
| Prepaid expenses and deferred charges | $1,658 |
| Net Land, buildings, and equipment | $51,225 |
| Investments—publicly traded securities | $3,336,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,489,964 |
| Total assets | $4,962,577 |
| Accounts payable and accrued expenses | $5,821 |
| 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 | $67,178 |
| Total liabilities | $72,999 |
| Net assets without donor restrictions | $3,612,038 |
| Net assets with donor restrictions | $1,277,540 |
| 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 | $4,962,577 |