World Aerospace Museum
- Assets
- $1.0k
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 36-4185429
Organization Overview
World Aerospace Museum is located in Quincy, IL. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Aerospace 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 12/2022, World Aerospace Museum generated $10.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A MUSEUM DISPLAYING ANTIQUE AIRCRAFT TO THE PUBLIC. IN 2023 THERE WERE 50 VISITORS TO THE MUSEUM.
THE ORGANIZATION PROVIDES A MUSEUM DISPLAYING ANTIQUE AIRCRAFT TO THE PUBLIC. IN 2022 THERE WERE 50 VISITORS TO THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Ihnen President | 0 | $0 | |
Steve Phillips Sec.treas | 0 | $0 | |
Rodney Halfpap Director | 0 | $0 | |
Lewis Ihnen President | 0 | $0 | |
Steve Phillips Sec.treas | 0 | $0 | |
Rodney Halfpap Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $5,648 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $313 |
| Depreciation | $0 |
| Occupancy | $4,352 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,553 |
| Total operating and administrative expenses | $9,118 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,028 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,002 |
| Total liabilities | $8,002 |