Strategic Air Command & Aerospace Museum
- Assets
- $15.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 73
- Location
- Ashland, NE
- Founding
- 09/1980
- Data as of
- 12/2022
- EIN
- 47-0619646
Organization Overview
Strategic Air Command & Aerospace Museum is located in Ashland, NE. The organization was established in 1980. 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. As of 12/2022, Strategic Air Command & Aerospace Museum employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Air Command & 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, Strategic Air Command & Aerospace Museum generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AIR COMMAND AND AEROSPACE MUSEUM IS TO CELEBRATE OUR HERITAGE, PRESERVE OUR ARTIFACTS, AND INSPIRE LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES, EDUCATION AND EXHIBITS FOR VISITORS OF THE STRATEGIC AIR COMMAND & AEROSPACE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Gary Gates Chairman | OfficerTrustee | 1 | $0 |
David Andersen Director | Trustee | 1 | $0 |
Robert Hinson Director | Trustee | 1 | $0 |
Edward Miller Director | Trustee | 1 | $0 |
Stephen Bruckner Legal | Trustee | 1 | $0 |
Calvin Sisson Director (july-Present) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,585 |
| Fundraising events | $0 |
| Related organizations | $31,059 |
| Government grants | $225,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,147,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,490,818 |
| Total Program Service Revenue | $1,431,983 |
| Investment income | $338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,047 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $369,114 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,279,106 |
| 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. | $236,681 |
| Compensation of current officers, directors, key employees. | $236,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,217,596 |
| Pension plan accruals and contributions | $21,347 |
| Other employee benefits | $224,206 |
| Payroll taxes | $112,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,435 |
| Advertising and promotion | $75,172 |
| Office expenses | $79,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $274,868 |
| Travel | $16,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $785,731 |
| Insurance | $125,782 |
| All other expenses | $14,627 |
| Total functional expenses | $4,180,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $671,389 |
| Accounts receivable, net | $25,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,332 |
| Prepaid expenses and deferred charges | $250,000 |
| Net Land, buildings, and equipment | $13,778,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,462 |
| Total assets | $15,183,610 |
| Accounts payable and accrued expenses | $168,754 |
| Grants payable | $0 |
| Deferred revenue | $81,351 |
| 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 | $23,333 |
| Total liabilities | $273,438 |
| Net assets without donor restrictions | $14,692,927 |
| Net assets with donor restrictions | $217,245 |
| 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 | $15,183,610 |