Naval Aviation Museum Foundation Inc

Organization Overview

Naval Aviation Museum Foundation Inc is located in Pensacola, FL. The organization was established in 1980. 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 12/2019, Naval Aviation Museum Foundation Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Naval Aviation Museum Foundation Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $9.7m during the year ending 12/2019. While expenses have increased by 4.0% per year over the past 5 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 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO BE THE BEST IN THE WORLD, A SELF-SUSTAINING FOUNDATION THAT ENGAGES AND EDUCATES THE PUBLIC BY SUPPORTING AND PROMOTING THE NATIONAL NAVAL AVIATION EXPERIENCE, NAVAL AVIATION AND AVIATION-INSPIRED EDUCATIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUSEUM SUPPORT-CONTRIBUTES TO THE DEVELOPMENT OF EXHIBITS, INCLUDING ARTIFACT REWORK AND MAINTENANCE, AND TO MUSEUM OPERATIONAL REQUIREMENTS.


NATIONAL FLIGHT ACADEMY UTILIZES NAVAL AVIATION EXPERIENCES AND CONCEPTS TO MOTIVATE YOUNG PEOPLE TO PURSUE THE STUDY OF SCIENCE, TECHNOLOGY, ENGINEERING, MATHMATICS AND AVIATION IN ORDER TO PURSUE CAREERS IN TECHNICAL FIELDS.


THE FILM PROJECT AND THEATERS SERVE THOUSANDS OF VISITOS BY EDUCATING THE PUBLIC ON THE IMPORTANT ROLE OF UNITED STATES NAVAL AVIATION THROUGH FILMS THAT DOCUMENT THE HISTORY OF FLIGHT AND THE HISTORY OF THE "BLUE ANGELS", AS WELL AS OTHER ASPECTS OF THE NAVAL EXPERIENCE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$230,482
Fundraising events$0
Related organizations$0
Government grants $423,491
All other contributions, gifts, grants, and similar amounts not included above$1,519,721
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,173,694
Total Program Service Revenue$4,221,462
Investment income $947,876
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $58,538
Net Income from Fundraising Events $33,171
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,586,920
Miscellaneous Revenue$0
Total Revenue $9,032,690

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Naval Aviation Museum Foundation Inc has recieved totaling $21,119.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$11,119
Randy & Katherine Schneewind Family Foundation

Deephaven, MN

PURPOSE: SUPPORT THE NATIONAL NAVAL AVIATION EXPERIENCE, NAVAL AVIATION AND AVIATION-INSPIRED EDUCATIONAL PROGRAMS

$5,000
Randy & Katherine Schneewind Family Foundation

Deephaven, MN

PURPOSE: SUPPORT THE NATIONAL NAVAL AVIATION EXPERIENCE, NAVAL AVIATION AND AVIATION-INSPIRED EDUCATIONAL PROGRAMS

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,050,184
Earnings$2,130,099
Net Contributions$141,850
Other Expense$1,127,162
Ending Balance$9,194,971

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