AirSpace Minnesota
- Assets
- $1.0
- Revenue
- $1.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2012
- Data as of
- 06/2019
- EIN
- 45-5502052
Organization Overview
AirSpace Minnesota is located in Minneapolis, MN. The organization was established in 2012. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. AirSpace Minnesota 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 06/2019, AirSpace Minnesota generated $1.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (54.3%) each year. All expenses for the organization totaled $34.5k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
AIRSPACE MINNESOTA USES THE JOY OF FLIGHT TO INSPIRE DREAMS THAT BUILD BRIGHT FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING YOUNG PEOPLE WITH ROLE MODELS PAST AND PRESENT WHILE ENGAGING IN HANDS-ON SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) EDUCATION EXPERIENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Rollag Wangstad President | Officer | 40 | $61,647 |
Dale Klapmeier Board Chair | OfficerTrustee | 2 | $0 |
Jim Smith Treasurer | OfficerTrustee | 2 | $0 |
Mark Skarohlid Vice Chair | OfficerTrustee | 2 | $0 |
Colonel Bernard Gruber Retired Secretary | OfficerTrustee | 2 | $0 |
Tim Barzen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,815 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,815 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $883 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $20 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that AirSpace Minnesota has recieved totaling $9,830.
| Awarding Organization | Amount |
|---|---|
Minnesota Historical Society Saint Paul, MN PURPOSE: Legacy grants for an oral history research project on the Honeywell Ring Laser Gyro and for the project Centennial Plan: Birth of the Citizen Airmen. | $9,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Center Of Iowa Des Moines, IA | $41,082,841 | $6,707,633 |
The Bakken Minneapolis, MN | $18,952,079 | $3,559,715 |
Wisconsin Agricultural Education Center Inc Manitowoc, WI | $11,673,876 | $384,322 |
Gateway To Science Center Inc Bismarck, ND | $10,818,597 | $1,445,904 |
Iowa Academy Of Science Cedar Falls, IA | $335,471 | $87,693 |
Chippewa Falls Museum Of Industry & Technology Inc Chippewa Falls, WI | $1,040,254 | $178,539 |
Great Lakes Aerospace Science And Education Center Inc Sheboygan, WI | $27,135 | $0 |
Charles E Gagnon Museum And Sculpture Garden Inc Rochester, MN | $380,752 | $88,320 |
AirSpace Minnesota Minneapolis, MN | $1 | $1,815 |