Aerospace Museum Of California Foundation
- Assets
- $4.2m
- Revenue
- $950.4k
- Investments
- $0.0
- Employees
- 22
- Location
- McClellan, CA
- Founding
- 10/1982
- Data as of
- 12/2020
- EIN
- 94-2831253
Organization Overview
Aerospace Museum Of California Foundation is located in McClellan, CA. The organization was established in 1982. 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, Aerospace Museum Of California Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerospace Museum Of California 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 12/2020, Aerospace Museum Of California Foundation generated $950.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PRESERVE AVIATION HISTORY IN THE REGION AND TO ENHANCE THE AWARENESS OF AEROSPACE SCIENCE THROUGH EDUCATION; OUR NUMBER ONE PRIORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AEROSPACE MUSEUM OF CALIFORNIA IS ONE OF AVIATION'S GREATEST SHOWCASES AND CAPTURES ALL ERAS OF MANKINDS FASCINATION WITH FLIGHT. THE MUSEUM IS COMMITTED TO PROVIDING A WORLD-CLASS, SMITHSONIAN AFFILIATE EXPERIENCE ALONG WITH THE OPPORTUNITY TO LEARN ABOUT AND CELEBRATE THE PAST, PRESENT, AND FUTURE OF AEROSPACE. EXPLORE, DISCOVER, AND BE INSPIRED BY AVIATION AND AEROSPACE HISTORY. WITH A 40,000 SQUARE FOOT EXHIBIT HALL, OVER 40 AIRCRAFT AND ROCKETS, A 4-ACRE OUTDOOR AIR PARK, INCREDIBLE TRAVELING EXHIBITS, AND PERMANENT EXHIBITS. FAMILIES CAN ENGAGE WITH OUR STEM EDUCATIONAL ACTIVITIES FOR ALL AGES AND LET THEIR IMAGINATION SOAR. THE MUSEUM IS A SMITHSONIAN AFFILIATE AND MEMBER OF NORTH AMERICAN RECIPROCAL MUSEUM ASSOCIATE. THE AEROSPACE MUSEUM OF CALIFORNIA IS TRULY A PLACE WHERE DREAMS TAKE FLIGHT!THE MUSEUM OFFERS A VARIETY OF EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR SCHOOLS, CHILDREN, FAMILIES AND ADULTS INCLUDING GROUP TOURS, SUMMER STEM CAMPS, FAMILY EVENTS AND ACTIVITIES. STEM EDUCATION IS THE NUMBER ONE PRIORITY OF THE AEROSPACE MUSEUM OF CALIFORNIA. VISITORS OF ALL AGES CAN BE INSPIRED TO EXPLORE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. THE MUSEUMS EDUCATION PROGRAMS ARE TAILORED TO MEET THE NEEDS OF SPECIFIC GRADE LEVELS. ALL PROGRAMS CORRELATE WITH THE STATE OF CALFIORNIAS ACADEMIC STANDARDS FOR SCIENCE, MATH, HISTORY/SOCIAL SCIENCE, AND/OR LANGUAGE ARTS. GUIDED TOURS, CLASSES, AND HANDS-ON EDUCATION PROGRAMS HELP TO EDUCATE AND INSPIRE VISITORS OF ALL AGES ABOUT AVIATION AND AEROSPACE THROUGH STEM. IN 2021, THE MUSEUM CONTINUED TO FOCUS ON DEVELOPING AND DELIVERING ENGAGING AND HANDS-ON STEM EDUCATION TO ALL OUR VISITORS. OUR STEM MISSION IS TO OFFER STUDENTS THE OPPORTUNITY TO EXPLORE, DISCOVER, AND BE INSPIRED BY STEM AND THE HISTORY OF AEROSPACE. THE AEROSPACE MUSEUM OF CALIFORNIA WAS ONE OF ONLY THREE SACRAMENTO MUSEUMS ABLE TO OPEN DURING THE COVID-19 PANDEMIC AS AN OUTDOOR MUSEUM. WE TRANSFORMED OUR 4.5-ACRE AIR PARK INTO AN OUTDOOR LEARNING CLASSROOM WELCOMING STUDENTS, FAMILIES, AND VISITORS. OVER 400 STUDENTS FROM AGES 5-13 ATTENDED OUR STEM SUMMER CAMPS.THE MUSEUM HAD 306 ACTIVE VOLUNTEERS WHO DONATED 10,032 HOURS DURING THE YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Jones Executive Dir. | Officer | 40 | $175,000 |
Linda Martin 1st Vice Pres | OfficerTrustee | 3 | $0 |
Michael Thomas Secretary | OfficerTrustee | 2 | $0 |
George Lonergan Treasurer | OfficerTrustee | 3 | $0 |
Dave Bennett Exec Board Memb | OfficerTrustee | 2 | $0 |
Larry Miles President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,299 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,793 |
| Noncash contributions included in lines 1a–1f | $350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,092 |
| Total Program Service Revenue | $182,995 |
| Investment income | $13,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,001 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,369 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$102,757 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,431 |
| 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. | $109,899 |
| Compensation of current officers, directors, key employees. | $17,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,240 |
| Payroll taxes | $49,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,005 |
| Fees for services: Accounting | $16,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,090 |
| Advertising and promotion | $45,170 |
| Office expenses | $0 |
| Information technology | $7,427 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,619 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,988 |
| Insurance | $31,736 |
| All other expenses | $57,353 |
| Total functional expenses | $1,009,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,477 |
| Savings and temporary cash investments | $668,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,839 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,043,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,863 |
| Other assets | $0 |
| Total assets | $4,239,564 |
| Accounts payable and accrued expenses | $30,753 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,259,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,290,577 |
| Net assets without donor restrictions | -$1,051,013 |
| Net assets with donor restrictions | $0 |
| 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 | $4,239,564 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aerospace Museum Of California Foundation has recieved totaling $25,106.
| Awarding Organization | Amount |
|---|---|
Safe Credit Union Folsom, CA PURPOSE: Sponsorship and support of community-related programs and fundraisers | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Turtle Bay Exploration Park Redding, CA | $48,250,618 | $8,223,185 |
Palm Springs Art Museum Palm Springs, CA | $40,212,131 | $11,070,079 |
Safari Game Search Foundation Winston, OR | $11,893,690 | $8,001,628 |