Kalamazoo Aviation History Museum
- Assets
- $17.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 108
- Location
- Portage, MI
- Founding
- 06/1977
- Data as of
- 12/2021
- EIN
- 38-2144402
Organization Overview
Kalamazoo Aviation History Museum, operating under the name Air Zoo, is located in Portage, MI. The organization was established in 1977. 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, Air Zoo employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Zoo 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 Zoo generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 2.5% 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
OPERATION OF AN AVIATION HISTORY MUSEUM: PRESERVING THE LEGACY OF FLIGHT FOR PRESENT AND FUTURE GENERATIONS
Describe the Organization's Program Activity:
PRESERVING THE LEGACY OF FLIGHT FOR PRESENT AND FUTURE GENERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy A Thrash President/ceo | OfficerTrustee | 40 | $196,927 |
Mary Lawrence Director Of Finance | Officer | 40 | $88,928 |
Janice M Brown Secretary | OfficerTrustee | 1 | $0 |
Donald R Parfet Chairman Of The Board | OfficerTrustee | 1 | $0 |
Cliff Mulder Treasurer | OfficerTrustee | 1 | $0 |
Ronald N Kilgore Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Structure Tec Engineering Inc Roof Repair | 12/30/14 | $188,875 |
Kal Kleen Janitorial Services | 12/30/14 | $140,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,519 |
| Fundraising events | $49,423 |
| Related organizations | $3,026,231 |
| Government grants | $1,211,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,333 |
| Noncash contributions included in lines 1a–1f | $25,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,395,536 |
| Total Program Service Revenue | $878,858 |
| Investment income | $338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,674 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $162,419 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,451,685 |
| 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. | $312,946 |
| Compensation of current officers, directors, key employees. | $206,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,688,654 |
| Pension plan accruals and contributions | $21,133 |
| Other employee benefits | $248,569 |
| Payroll taxes | $136,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,324 |
| Fees for services: Accounting | $24,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $474,045 |
| Advertising and promotion | $267,865 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $309,670 |
| Travel | $50,751 |
| 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 | $725,289 |
| Insurance | $109,241 |
| All other expenses | $265,496 |
| Total functional expenses | $5,079,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,880 |
| Savings and temporary cash investments | $651,923 |
| Pledges and grants receivable | $9,753 |
| Accounts receivable, net | $27,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,594 |
| Prepaid expenses and deferred charges | $1,119,613 |
| Net Land, buildings, and equipment | $7,417,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,266,669 |
| Total assets | $17,581,493 |
| Accounts payable and accrued expenses | $468,663 |
| Grants payable | $0 |
| Deferred revenue | $100,623 |
| 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 | $22,804 |
| Total liabilities | $592,090 |
| Net assets without donor restrictions | $16,978,552 |
| Net assets with donor restrictions | $10,851 |
| 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 | $17,581,493 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kalamazoo Aviation History Museum has recieved totaling $61,840.
| Awarding Organization | Amount |
|---|---|
Preston S And Barbara J Parish Foundation Hickory Corners, MI PURPOSE: GENERAL | $50,000 |
Association Of Science-Technology Centers Incorporated Washington, DC PURPOSE: IF/THEN GENDER EQUITY GRANT AWARD | $10,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $423 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $125 |
Pfizer Foundation Inc New York, NY PURPOSE: ANNUAL GIVING CAMPAIGN | $42 |
Endowment Analysis
| Beg. Balance | $79,492,780 |
| Earnings | $13,149,803 |
| Admin Expense | $91,304 |
| Other Expense | $3,212,175 |
| Ending Balance | $89,339,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |
Leigh Yawkey Woodson Art Museum Inc Wausau, WI | $54,767,608 | $3,707,378 |
Maltz Museum Of Jewish Heritage Beachwood, OH | $30,145,147 | $2,967,482 |
Cincinnati Baseball Museum Cincinnati, OH | $7,716,039 | $1,963,239 |