Planes Of Fame Air Museum
- Assets
- $20.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Chino, CA
- Founding
- 10/1960
- Data as of
- 12/2022
- EIN
- 95-6092771
Organization Overview
Planes Of Fame Air Museum is located in Chino, CA. The organization was established in 1960. 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 12/2022, Planes Of Fame Air Museum employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planes Of Fame Air Museum 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 12/2022, Planes Of Fame Air Museum generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF PLANES OF FAME AIR MUSEUM TO PRESERVE AVIATION HISTORY, INSPIRE INTEREST IN AVIATION, EDUCATE THE PUBLIC AND HONOR AVIATION PIONEERS AND VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM PROGRAM:TO PRESERVE AVIATION HISTORY, INSPIRE INTEREST IN AVIATION, EDUCATE THE PUBLIC, HONOR AVIATION PIONEERS AND VETERANS.
OTHER PROGRAMS:EDUCATIONAL OUTREACH AND DEVELOPMENT.
FLIGHT OPERATIONS, MEMBERSHIP AND GIFT SHOP OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Wilkins Executive Dir. | Officer | 40 | $69,000 |
Steven Hinton President | OfficerTrustee | 30 | $0 |
Gary Johnson Director | Trustee | 2 | $0 |
John Maloney Vice President | OfficerTrustee | 40 | $0 |
Steven Hinton II Director | Trustee | 20 | $0 |
Karen Hinton Secretary | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vintage V12s Aircraft Components | 12/30/19 | $184,500 |
Fighter Rebuilder Llc Aircraft Repairs | 12/30/19 | $113,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,759 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,443,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,529,623 |
| Total Program Service Revenue | $600,010 |
| Investment income | $6,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,971 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $178,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,392,261 |
| 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. | $69,000 |
| Compensation of current officers, directors, key employees. | $5,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,230 |
| Payroll taxes | $123,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $365 |
| Fees for services: Accounting | $31,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $379,266 |
| Advertising and promotion | $4,083 |
| Office expenses | $7,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,473 |
| 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 | $381,180 |
| Insurance | $90,775 |
| All other expenses | $181,877 |
| Total functional expenses | $2,201,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,078,121 |
| Savings and temporary cash investments | $22,914 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,690 |
| Prepaid expenses and deferred charges | $64,402 |
| Net Land, buildings, and equipment | $12,199,139 |
| Investments—publicly traded securities | $1,451,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,029,830 |
| Total assets | $19,958,589 |
| Accounts payable and accrued expenses | $20,085 |
| Grants payable | $0 |
| Deferred revenue | $68,125 |
| 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 | $10,396 |
| Total liabilities | $98,606 |
| Net assets without donor restrictions | $18,101,657 |
| Net assets with donor restrictions | $1,758,326 |
| 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 | $19,958,589 |