The 390th Memorial Museum Foundation
- Assets
- $7.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Tucson, AZ
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 94-2764158
Organization Overview
The 390th Memorial Museum Foundation is located in Tucson, AZ. The organization was established in 1981. 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 12/2021, 390th Memorial Museum Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 390th Memorial Museum Foundation 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, 390th Memorial Museum Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $939.9k during the year ending 12/2021. While expenses have increased by 3.2% 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
OUR MISSION IS TO HONOR AND MEMORIALIZE THOSE VETERANS WHO PROVIDED GROUND SUPPORT AND FLEW THE B-17 IN THE 390TH BOMBARDMENT GROUP OF THE 8TH AIR FORCE IN WWII, TO SERVE AS A WINDOW ON THE AIR WAR OVER EUROPE BY THE 390TH AND RELATED BOMB GROUPS IN THAT CONFLICT, AND TO EDUCATE THE PUBLIC OF THEIR SERVICE AND SACRIFICE IN THE CAUSE OF FREEDOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 390TH MEMORIAL MUSEUM IS A TREASURE OF WORLD WAR II IMAGES, MEMORABILIA, AND PERSONAL HISTORIES OF THE ACHIEVEMENTS OF THE 390TH BOMBARDMENT GROUP (H), AN EIGHTH AIR FORCE UNIT THAT WAS BASED IN ENGLAND FROM 1943 TO 1945. DURING 2021, OVER 150,000 VISITORS EXPERIENCED THE MUSEUM VIEWING EXHIBITS AND SPEAKING WITH DOCENTS. THERE WERE APPROXIMATELY 400 MEMBERS IN 2021 WHO ARE VITALLY INTERESTED IN OUR PURPOSE. WE DISTRIBUTED OVER 400 FULL COLOR QUARTERLY NEWSLETTERS DURING 2021. OUR POPULAR WEBSITE, WWW.390TH.ORG, ATTRACTS THOUSANDS OF VISITORS AND DESCRIBES IN GREAT DETAIL OUR MISSION AND PURPOSE. ON THAT SITE, INDIVIDUALS MAY ACCESS A COMPREHENSIVE DATABASE TO PERFORM RESEARCH ON INDIVIDUALS AND GROUP MILITARY OPERATIONS. THERE IS ALSO A VIRTUAL TOUR OF THE MUSEUM ON THE WEBSITE THAT ALLOWS VETERANS UNABLE TO VISIT TO VIEW THE EXHIBITS AND SEE THE MUSEUM. THE MUSEUM IS PROUD TO RECOGNIZE ITS 45 DOCENTS WHO HAVE EXTENSIVE TRAINING AND SOME OF WHOM WERE PARTICIPANTS IN THE BOMBING CAMPAIGN WHO SERVED WITH THE 390TH BOMBARDMENT GROUP. THE TWO MAIN ACCOMPLISHMENTS IN 2021 WERE THE ADOPT A JACKET AND SAVE OUR STORY CAMPAIGNS. THE ORGANIZATION DOES NOT CHARGE AN ENTRANCE FEE TO VISITORS TOURING THE MUSEUM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Wright Executive Director | Officer | 40 | $86,784 |
Allan S Moller President, Board Of Direct | OfficerTrustee | 10 | $0 |
Ron Sable Vice President, Board Of D | OfficerTrustee | 4 | $0 |
Frank Drain Secretary, Board Of Direct | OfficerTrustee | 5 | $0 |
Mary Truitt Treasurer, Board Of Direct | OfficerTrustee | 8 | $0 |
Phil Samponaro Board Member | Trustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,967 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $992,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,687 |
| Total Program Service Revenue | $4,126 |
| Investment income | $112,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,579 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $86,784 |
| Compensation of current officers, directors, key employees. | $13,885 |
| Compensation to disqualified persons | $198,652 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,780 |
| Fees for services: Accounting | $37,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,248 |
| Fees for services: Other | $608 |
| Advertising and promotion | $13,308 |
| Office expenses | $32,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,747 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,468 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,591 |
| Insurance | $3,949 |
| All other expenses | $30,362 |
| Total functional expenses | $939,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,834 |
| Savings and temporary cash investments | $826,516 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,631 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,918 |
| Prepaid expenses and deferred charges | $6,131 |
| Net Land, buildings, and equipment | $2,485,077 |
| Investments—publicly traded securities | $4,174,328 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,707 |
| Total assets | $7,781,142 |
| Accounts payable and accrued expenses | $79,643 |
| Grants payable | $0 |
| Deferred revenue | $6,898 |
| 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 | $86,541 |
| Net assets without donor restrictions | $7,559,109 |
| Net assets with donor restrictions | $135,492 |
| 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 | $7,781,142 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The 390th Memorial Museum Foundation has recieved totaling $196.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $196 |
Endowment Analysis
| Beg. Balance | $3,945,501 |
| Earnings | $541,970 |
| Admin Expense | $34,159 |
| Net Contributions | $50,000 |
| Ending Balance | $4,503,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |