American Helicopter Museum & Education Center Inc
- Assets
- $2.1m
- Revenue
- $438.0k
- Investments
- $0.0
- Employees
- 8
- Location
- West Chester, PA
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 23-2744831
Organization Overview
American Helicopter Museum & Education Center Inc is located in West Chester, PA. The organization was established in 1994. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, American Helicopter Museum & Education Center Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Helicopter Museum & Education Center 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, American Helicopter Museum & Education Center Inc generated $438.0k 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 (3.5%) each year. All expenses for the organization totaled $610.6k 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
THE AMERICAN HELICOPTER MUSEUM AND EDUCATION CENTER, INC WAS ORGANIZED TO COLLECT ROTARY WINGED AIRCRAFT (HELICOPTERS) AND RELATED ARTIFACTS FOR PUBLIC DISPLAY AND EDUCATION. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM OPENED ON 10/18/96 WITH 26 DISPLAY HELICOPTERS, PICTURES, VIDEOS & GUIDED TOURS. THE MUSEUM IS SUPPORTED BY VOLUNTEERS AND MEMBERS. MUSEUM CONSTANTLY RUNS PROGRAMS TO EDUCATE THE PUBLIC ON THE HISTORY AND USES OF THE HELICOPTERS AND OTHER ROTARY AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kahan Executive Di | Officer | 40 | $76,731 |
Robert Beggs Trustee | Trustee | $0 | |
Dj Dawson Trustee | Trustee | $0 | |
Saurabh Desai Trustee | Trustee | $0 | |
Chuck Dilabbio Chairman | OfficerTrustee | $0 | |
Tony Freeman Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,735 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,041 |
| Total Program Service Revenue | $114,673 |
| Investment income | $2,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,977 |
| Net Gain/Loss on Asset Sales | -$2,344 |
| Net Income from Fundraising Events | $63,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,026 |
| 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 | $213,640 |
| Pension plan accruals and contributions | $2,391 |
| Other employee benefits | $21,527 |
| Payroll taxes | $17,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,233 |
| Office expenses | $8,074 |
| Information technology | $6,303 |
| Royalties | $0 |
| Occupancy | $64,287 |
| Travel | $1,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,954 |
| Insurance | $24,522 |
| All other expenses | $20,225 |
| Total functional expenses | $610,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,449 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,538 |
| Prepaid expenses and deferred charges | $1,862 |
| Net Land, buildings, and equipment | $1,573,499 |
| Investments—publicly traded securities | $231,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,087,386 |
| Accounts payable and accrued expenses | $34,288 |
| 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 | $125,736 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,789 |
| Total liabilities | $182,813 |
| Net assets without donor restrictions | $1,818,341 |
| Net assets with donor restrictions | $86,232 |
| 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 | $2,087,386 |