Hiller Aviation Institute
- Assets
- $14.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 60
- Location
- San Carlos, CA
- Founding
- 07/1995
- Data as of
- 06/2023
- EIN
- 94-3226411
Organization Overview
Hiller Aviation Institute is located in San Carlos, CA. The organization was established in 1995. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Hiller Aviation Institute employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hiller Aviation Institute 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 06/2023, Hiller Aviation Institute generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 2.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HILLER AVIATION MUSEUM USES AVIATION TO INSPIRE ADVENTURE AND INNOVATION WHILE USING SCIENCE TO EXPLORE HOW DREAMS OF FLIGHT BECOME REALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HILLER AVIATION MUSEUM USES AVIATION TO INSPIRE ADVENTURE AND INNOVATION WHILE USING SCIENCE TO EXPLORE HOW DREAMS OF FLIGHT BECOME REALITY. THROUGH EXHIBITS AND EXTENSIVE INQUIRY-BASED PROGRAMS THAT INVESTIGATE SCIENCE, AVIATION AND TECHNOLOGY SUBJECTS, THE INSTITUTE DELIVERS LEARNING EXPERIENCES TO A WIDE AUDIENCE, INCLUDING ADULTS, CHILDREN, AND SCHOOL GROUPS. MORE THAN 100,000 VISITORS COME TO OUR EXHIBITS AND EVENTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Bass Former CEO | 40 | $200,000 | |
Rebecca Duran Former VP | 40 | $105,152 | |
Jon Welte CEO | Officer | 40 | $101,326 |
Stephen S Hiller Chairman | Trustee | 1 | $0 |
Richard Gostyla Board Member | Trustee | 1 | $0 |
Scott Cronce Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,270 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $446,042 |
| Total Program Service Revenue | $2,022,061 |
| Investment income | $29,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $393,177 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $210,143 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,071,111 |
| 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. | $301,327 |
| Compensation of current officers, directors, key employees. | $150,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,112,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,381 |
| Payroll taxes | $108,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,864 |
| Advertising and promotion | $85,695 |
| Office expenses | $15,629 |
| Information technology | $169,186 |
| Royalties | $0 |
| Occupancy | $81,865 |
| Travel | $15,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,718 |
| Insurance | $68,672 |
| All other expenses | $278,797 |
| Total functional expenses | $3,086,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,368,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,183 |
| Prepaid expenses and deferred charges | $80,675 |
| Net Land, buildings, and equipment | $2,108,141 |
| Investments—publicly traded securities | $3,232,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,347,164 |
| Total assets | $14,229,767 |
| Accounts payable and accrued expenses | $108,145 |
| Grants payable | $0 |
| Deferred revenue | $604,048 |
| 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 | $72,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,151 |
| Total liabilities | $842,340 |
| Net assets without donor restrictions | $10,654,876 |
| Net assets with donor restrictions | $2,732,551 |
| 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 | $14,229,767 |