Tulsa Air And Space Museum Inc
- Assets
- $6.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Tulsa, OK
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 73-1452965
Organization Overview
Tulsa Air And Space Museum Inc is located in Tulsa, OK. The organization was established in 1995. 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 12/2021, Tulsa Air And Space Museum Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa Air And Space Museum Inc 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, Tulsa Air And Space Museum Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $867.9k during the year ending 12/2021. While expenses have increased by 1.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HONORING THE PAST, INSPIRING THE FUTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS:IN 2021, THERE WERE 22,984 VISITORS WHO TOURED OVER 30 EXHIBITS ON DISPLAY AT TASM. TASM'S AEROSPACE DOCENTS OFFER A GUIDED INTERACTIVE TOUR OF THE EXHIBITS DESCRIBING THE HISTORY OF THE PEOPLE AND PLANES WHICH CONTRIBUTED TO OKLAHOMA'S RICH AEROSPACE HERITAGE. EXHIBITS AVAILABLE TO VISITORS INCLUDE: MD-80 DONATED TO THE MUSEUM BY AMERICAN AIRLINES - THE AIRCRAFT FLEW OVER 39,000 FLIGHTS DURING A 26 YEAR PERIOD. GRUMMAN F14A TOMCAT WHICH IS PAINTED IN THE SQUADRON COLORS OF VF-41 "THE BLACK ACES." THE SPARTAN EXECUTIVE MODEL 12 COMMISSIONED BY J. PAUL GETTY INCORPORATES A TRICYCLE LANDING GEAR. THE TULSAMERICAN B-24 EXHIBIT HONORING THOSE WHO SERVED DURING WWII AND THE LAST B-24J "LIBERATOR" BOMBERS BUILT IN THE DOUGLAS PLANT IN TULSA. THE CITIZENS OF TULSA PURCHASED THAT PLANE AND IT WAS ONE OF THE MOST FAMOUS OF THE WARPLANES IN WWII.
CAPITAL CAMPAIGN:IN AN EFFORT TO CONTINUE TO BE RECOGNIZED AS THE PREMIER LEARNING CENTER AND TOURIST DESTINATION FOR AVIATION AND SPACE EXPLORATION - PAST, PRESENT AND FUTURE, TASM HAS RECOGNIZED THE NEED TO EXPAND THEIR EXISTING MUSEUM BY ADDING AN ADDITIONAL 34,200 SQ FT. THE EXPANSION WILL HIGHLIGHT AN OUTDOOR AIRCRAFT PARKING AREA FOR VISITING HISTORIC AIRCRAFT STATIC DISPLAY FOR VIEWING BY VISITORS. IN ADDITION, AN AIRPLANE HANGAR TO ACCOMMODATE EXISTING AIRCRAFT FEATURED AT THE MUSEUM TO ALLOW FOR NEW AND VISITING EXHIBITIONS FOR VISITORS.
PLANETARIUMTASM IS HOME TO THE JAMES E. BERTELSMEYER PLANETARIUM WHICH INSPIRES CURIOSITY SEEKERS TO EXPLORE OUR UNIVERSE AND THE WONDERS OF EARTH. IN 2021, THERE WERE 13,216 VISITORS WHO TOURED THE PLANETARIUM WHICH OFFERS AN EXCITING EDUCATIONAL EXPERIENCE BY PAIRING STUNNING HIGH-DEFINITION VISUALS WITH STATE OF THE ART TECHNOLOGY IN A FULLY-IMMERSIVE THEATER ATMOSPHERE. VISITORS HAVE THE OPPORTUNITY TO VIEW OVER 13 DIFFERENT FEATURES INCLUDING: STARS WITH NIGHT SKY TOUR, DESTINATION MARS: THE NEW FRONTIER, FASTER THAN LIGHT WITH HOW BIG IS THE UNIVERSE, DAWN OF THE SPACE AGE, BLACK HOLES: THE OTHER SIDE OF INFINITY AND MANY MORE ADVENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Blansett Executive Director | Officer | 40 | $88,500 |
Jim Epperson Secretary | OfficerTrustee | 3 | $0 |
Ben F Gorrell Jr Vice Chairman | OfficerTrustee | 3 | $0 |
Timothy Reather Chairman | OfficerTrustee | 3 | $0 |
Clint A Allan Director | OfficerTrustee | 3 | $0 |
David Bendell Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,574 |
| Fundraising events | $119,546 |
| Related organizations | $0 |
| Government grants | $383,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $696,305 |
| Total Program Service Revenue | $278,640 |
| Investment income | $17,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,597 |
| Net Gain/Loss on Asset Sales | -$36,667 |
| Net Income from Fundraising Events | -$3,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,384 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,013 |
| 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. | $88,500 |
| Compensation of current officers, directors, key employees. | $17,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,435 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,494 |
| Advertising and promotion | $535 |
| Office expenses | $56,541 |
| Information technology | $13,696 |
| Royalties | $0 |
| Occupancy | $114,870 |
| Travel | $2,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,079 |
| Insurance | $34,817 |
| All other expenses | $1,415 |
| Total functional expenses | $867,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,333 |
| Savings and temporary cash investments | $1,610,494 |
| Pledges and grants receivable | $20,356 |
| Accounts receivable, net | $3,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,810 |
| Prepaid expenses and deferred charges | $90,071 |
| Net Land, buildings, and equipment | $2,862,928 |
| Investments—publicly traded securities | $33,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,494,950 |
| Total assets | $6,390,793 |
| Accounts payable and accrued expenses | $36,232 |
| Grants payable | $0 |
| Deferred revenue | $100,272 |
| 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 | $136,504 |
| Net assets without donor restrictions | $4,836,602 |
| Net assets with donor restrictions | $1,417,687 |
| 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 | $6,390,793 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Tulsa Air And Space Museum Inc has recieved totaling $76,602.
| Awarding Organization | Amount |
|---|---|
Ed Darby Foundation Inc Tulsa, OK PURPOSE: SCIENCE BASED YOUTH DEVELOPMENT PROG | $25,000 |
Oklahoma Humanities Council Inc Oklahoma City, OK PURPOSE: Provide humanities content atvia event | $18,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $16,602 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: SPONSORSHIP OF THE 2021 AVIATOR BALL | $10,000 |
Hardesty Family Foundation Inc Tulsa, OK PURPOSE: GENERAL FUNDRAISING | $2,500 |
Charles And Marion Weber Foundation Tulsa, OK PURPOSE: DONATIONS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wings Over The Rockies Air & Space Museum Denver, CO | $18,125,239 | $6,645,780 |
John P Mcgovern Museum Of Health & Medical Science Houston, TX | $24,840,825 | $3,187,281 |
Permian Basin Petroleum Museum Library & Hall Of Fame Midland, TX | $51,276,941 | $3,437,323 |
Science Spectrum Lubbock, TX | $16,170,410 | $1,576,880 |
Don Harrington Discovery Center Foundation Inc Amarillo, TX | $11,557,284 | $2,641,973 |
Fort Collins Museum Of Discovery Nonprofit Partner Fort Collins, CO | $7,782,958 | $1,936,888 |
Eureka Mcconnell Science Museum Grand Unction, CO | $5,462,376 | $1,740,593 |
Samsat San Antonio, TX | $2,066,200 | $1,357,551 |
Flint Hills Discovery Center Foundation Manhattan, KS | $1,451,367 | $713,043 |
Tulsa Air And Space Museum Inc Tulsa, OK | $6,390,793 | $1,036,013 |
Cavanaugh Flight Museum Addison, TX | $2,944,970 | -$123,262 |
National Mining Hall Of Fame And Museum Leadville, CO | $3,392,122 | $1,616,613 |