Naval Aviation Museum Foundation Inc
- Assets
- $24.4m
- Revenue
- $9.0m
- Investments
- $17.9m
- Employees
- 113
- Location
- Pensacola, FL
- Founding
- 06/1980
- Data as of
- 12/2019
- EIN
- 59-6178237
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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ltgen Duane Thiessen Usmc Ret President/ceo | OfficerTrustee | 40 | $210,000 |
William Bowers Executive Vice President/cfo Non-Voting | Officer | 40 | $179,039 |
Cindy Mccalip Vice President Non-Voting | Officer | 40 | $150,577 |
Capt Charles Ellis Jagc Usnret Secretary Non-Voting | Officer | 40 | $66,396 |
Vadm James Zortman Usnret Chairman | OfficerTrustee | 1 | $0 |
Vadm David Buss Usn Ret Vice Chairman | OfficerTrustee | 1 | $0 |
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 |
| 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. | $624,229 |
| Compensation of current officers, directors, key employees. | $102,088 |
| 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 | $113,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $193,637 |
| Fees for services: Other | $0 |
| Advertising and promotion | $494,446 |
| Office expenses | $230,561 |
| Information technology | $278,772 |
| Royalties | $0 |
| Occupancy | $279,890 |
| Travel | $53,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,236,657 |
| Insurance | $273,679 |
| All other expenses | $340,404 |
| Total functional expenses | $9,677,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,425 |
| Savings and temporary cash investments | $10,091 |
| Pledges and grants receivable | $339,480 |
| Accounts receivable, net | $23,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $901,966 |
| Prepaid expenses and deferred charges | $139,307 |
| Net Land, buildings, and equipment | $4,395,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,946,891 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,100 |
| Total assets | $24,350,364 |
| Accounts payable and accrued expenses | $612,282 |
| Grants payable | $0 |
| Deferred revenue | $485,326 |
| 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 | $883,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,980,755 |
| Net assets without donor restrictions | $13,174,638 |
| Net assets with donor restrictions | $9,194,971 |
| 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 | $24,350,364 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Naval Aviation Museum Foundation Inc has recieved totaling $21,119.
| Awarding Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Land Experience Ministries Inc Orlando, FL | $40,274,452 | $7,242,474 |
Atlanta Hall Management Inc Atlanta, GA | $37,091,164 | $7,722,264 |
Naval Aviation Museum Foundation Inc Pensacola, FL | $24,350,364 | $9,032,690 |
Palm Beach Maritime Museum Inc Lantana, FL | $2,908,451 | $9,760,112 |
National Center For Civil And Humanrights Inc Atlanta, GA | $34,759,865 | $7,416,443 |
Cook Museum Of Natural Science Decatur, AL | $32,924,159 | $5,687,461 |
Sun N Fun Fly In Inc Lakeland, FL | $14,154,310 | $6,315,868 |
Museum Of Arts & Sciences Daytona Beach, FL | $77,114,776 | $17,658,476 |
Museum Of Science And Industry Inc Tampa, FL | $3,945,135 | $3,307,306 |
Georgia Museums Inc Cartersville, GA | $34,504,271 | $6,701,117 |
Museum Of Science & History Of Jacksonville Inc Jacksonville, FL | $9,609,524 | $6,437,856 |
Morikami Inc Delray Beach, FL | $8,248,559 | $2,789,845 |