Military Aviation Museum
- Assets
- $2.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Virginia Beach, VA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1290004
Organization Overview
Military Aviation Museum is located in Virginia Beach, VA. The organization was established in 2008. 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, Military Aviation Museum employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Military Aviation 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, Military Aviation Museum generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 8.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE HISTORY & EDUCATE THE GENERAL PUBLIC THROUGH THE PRESERVATION AND FLIGHT OF WORLD WAR ONE AND WORLD WAR TWO AIRCRAFT.
Describe the Organization's Program Activity:
TO EDUCATE THE PUBLIC ON THE HISTORY OF MILITARY AVIATION FROM THE FIRST HALF OF THE TWENTIETH CENTURY. IT ACCOMPLISHES THIS BY OPERATING A MUSEUM OPEN TO THE PUBLIC SEVEN DAYS A WEEK YEAR ROUND (EXCLUDING THANKSGIVING DAY AND CHRISTMAS DAY). VISITORS CAN SEE THE RESTORED AND REPLICA AIRCRAFT UP CLOSE ON STATIC DISPLAY AND LEARN ABOUT THEIR PERSONAL HISTORIES AND USES DURING THE WARS BY READING SIGNAGE AND TALKING WITH VOLUNTEER MUSEUM DOCENTS.
ONE OF THE INTERACTIVE WAYS THE MUSEUM EDUCATES THE PUBLIC ON THE HISTORIC MILITARY AIRCRAFT IS BY HOSTING TWO AIR SHOWS EACH YEAR. THE SPRING AIR SHOW FEATURES AN AUTHENTIC, RESTORED WORLD WAR TWO AIRCRAFT FLYING AND ON STATIC DISPLAY. THE FALL AIR SHOW FEATURES A REPLICA WORLD WAR ONE AIRCRAFT FLYING AND ON STATIC DISPLAY. BOTH EVENTS ALSO INCLUDE MILITARY RE-ENACTORS FROM THE DIFFERENT PERIODS IN HISTORY, WHO INTERACT WITH ATTENDEES AND TALK ABOUT WHAT THE PILOTS, GROUND CREW, AND OTHER SOLDIERS ENDURED DURING THE WARS.
THE MUSEUM ALSO OFFERS A MONTHLY GUEST SPEAKER SERIES TO THE PUBLIC, WHICH IS FREE WITH PAID MUSEUM ADMISSION. EACH MONTH, DIFFERENT RETIRED MILITARY PERSONNEL PRESENT A TALK ABOUT HIS OR HER EXPERIENCES WITH MILITARY AVIATION DURING WORLD WAR TWO AND IMMEDIATELY FOLLOWING. THESE PRESENTATIONS GIVE VISITORS AN OPPORTUNITY TO KNOW THE HISTORY MORE INTIMATELY BY WAY OF THE PERSONAL STORIES TOLD BY PILOTS, NAVIGATORS, GUNNERS, GROUND CREW AND TRAINERS. THE MUSEUM TYPICALLY FOLLOWS THE LECTURE WITH A FLIGHT DEMONSTRATION OF ONE OF THE MUSEUM'S AIRCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keegan Chetwynd Executive Director | Officer | 45 | $81,794 |
Bruce Holbrook Treasurer | OfficerTrustee | 1 | $0 |
Edward George President | OfficerTrustee | 1 | $0 |
John Peterson Vice-President | OfficerTrustee | 1 | $0 |
Kent Ewing Secretary | OfficerTrustee | 1 | $0 |
David Bernd Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,986 |
| Fundraising events | $14,533 |
| Related organizations | $0 |
| Government grants | $213,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,258 |
| Total Program Service Revenue | $1,215,955 |
| Investment income | $16,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,455 |
| 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 | $262,102 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,982,680 |
| 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. | $81,794 |
| Compensation of current officers, directors, key employees. | $6,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,314 |
| Pension plan accruals and contributions | $3,365 |
| Other employee benefits | $0 |
| Payroll taxes | $26,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,914 |
| Fees for services: Accounting | $6,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,391 |
| Advertising and promotion | $35,008 |
| Office expenses | $64,400 |
| Information technology | $1,873 |
| Royalties | $0 |
| Occupancy | $38,203 |
| Travel | $19,049 |
| 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 | $22,543 |
| Insurance | $172,107 |
| All other expenses | $163,555 |
| Total functional expenses | $1,275,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $974,407 |
| Savings and temporary cash investments | $448,264 |
| 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 | $189,657 |
| Inventories for sale or use | $108,212 |
| Prepaid expenses and deferred charges | $101,901 |
| Net Land, buildings, and equipment | $131,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,953,725 |
| Accounts payable and accrued expenses | $76,339 |
| 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 | $0 |
| Total liabilities | $76,339 |
| Net assets without donor restrictions | $1,601,294 |
| Net assets with donor restrictions | $276,092 |
| 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 | $1,953,725 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Military Aviation Museum has recieved totaling $42,797.
| Awarding Organization | Amount |
|---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $42,463 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $334 |
Endowment Analysis
| Beg. Balance | $260,346 |
| Earnings | $746 |
| Net Contributions | $15,000 |
| Ending Balance | $276,092 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Science Museum Of Virginia Foundation Incorporated Richmond, VA | $31,752,161 | $5,835,880 |
National Building Museum Washington, DC | $8,920,603 | $4,582,435 |