Air Force Museum Foundation Inc

Organization Overview

Air Force Museum Foundation Inc is located in Wright Patterson Afb, OH. The organization was established in 1966. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Air Force Museum Foundation Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Force Museum Foundation 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, Air Force Museum Foundation Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE.

Describe the Organization's Program Activity:

OPERATION OF A MUSEUM STORE (INCLUDING A SIGNIFICANT BOOK STORE OF USAF AND RELATED EDUCATIONAL MATERIALS), AIR FORCE MUSEUM THEATRE AND SIMULATORS IN ACCORDANCE WITH THE FOUNDATION'S EXEMPT PURPOSE. OPERATION OF 2 SMALL CAFE-STYLE EATING FACILITIES. OPERATIONS INCLUDE PUBLICIZING THE MUSEUM AND FURTHERING ITS EDUCATIONAL BENEFITS TO 1 MILLION VISITORS/YEAR.


PROVIDE ASSISTANCE FOR MUSEUM OPERATIONS, INCLUDING FACILITY IMPROVEMENTS, PROMOTION OF THE MUSEUM AND ITS MANY VARIED ACTIVITIES, SUPPORT FOR THE VOLUNTEER PROGRAM AND VOLUNTEER RECOGNITION, SUPPORT FOR THE MUSEUM EDUCATIONAL PROGRAMS INCLUDING SPACE CAMP, TEACHER TRAINING, HOME SCHOOL EVENTS, AND OTHER EDUCATIONAL ACTIVITIES AND SUPPORT FOR MUSEUM SPECIAL EVENTS SUCH AS MILITARY GROUP REUNIONS, CONCERTS, EXHIBIT OPENINGS, ETC.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Michael P Imhoff
CEO
$183,333
Mr Christopher Adkins-Lamb
Chief Development Officer
$142,005
Dr Pamela A Drew
Chair
$0
Lt Gen Ret Cd Moore II
Vice Chair
$0
Cmsaf Ret Gerald R Murray
Secretary
$0
Brig Gen Ret Paul R Cooper
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $397,400
All other contributions, gifts, grants, and similar amounts not included above$2,878,669
Noncash contributions included in lines 1a–1f $112,864
Total Revenue from Contributions, Gifts, Grants & Similar$3,276,069
Total Program Service Revenue$934,351
Investment income $385,718
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,289,642
Net Income from Fundraising Events -$44,190
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,232,520
Miscellaneous Revenue$0
Total Revenue $8,102,292

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Air Force Museum Foundation Inc has recieved totaling $82,262.

Awarding OrganizationAmount
The Spurlino Foundation

Odessa, FL

PURPOSE: GENERAL FUND OPERATING SUPPORT

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$24,650
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,362
James W Hart Jr And Patricia L Hart Foundation

Bascom, FL

PURPOSE: GENERAL OPERATING FUND

$1,000
Gardikes Family Foundation Inc

Osprey, FL

PURPOSE: EDUCATIONAL, SUPPORT

$250
View Grant Recipient Profile

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