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Nonprofiteer
← AIR FORCE MUSEUM FOUNDATION INC

Form 990 for tax year 2022

Filed by AIR FORCE MUSEUM FOUNDATION INC.

Totals

Total revenue
$7,502,072
Total expenses
$6,129,529
Contributions and grants received
$2,635,373
Grants paid
$0
Program service revenue
$1,252,818
Investment income
$1,036,212
Other revenue
$2,577,669
Total assets, end of year
$25,737,965
Total liabilities, end of year
$496,107
Net assets or fund balances, end of year
$25,241,858
Program services expenses (Part IX)
$4,002,686
Management and general expenses
$987,977
Fundraising expenses
$1,138,866
Program service expenses (Part III)
$4,002,686

Program services were 65.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,635,373

  • 1g · Noncash contributions included above

    $15,414

  • 2a · Program service revenue: THEATRE REVENUE

    total $1,233,524 · related or exempt $1,233,524

  • 2b · Program service revenue: MUSEUM OPERATIONS

    total $19,294 · related or exempt $19,294

  • 3 · Investment income

    total $472,690 · excluded $472,690

  • 7a · Gross sales of assets other than inventory

    securities $5,936,870

  • 7b · Less cost or other basis and sales expenses

    securities $5,373,197 · other assets $151

  • 7c · Gain or loss

    securities $563,673 · other assets -$151

  • 7d · Net gain or loss

    total $563,522 · excluded $563,522

  • 8b · Fundraising events: direct expenses

    $15,414

  • 8c · Net income from fundraising events

    total -$15,414 · excluded -$15,414

  • 10a · Gross sales of inventory

    $4,127,161

  • 10b · Cost of goods sold

    $1,561,280

  • 10c · Net income from sales of inventory

    total $2,565,881 · related or exempt $2,565,881

  • 11a · Other revenue: MAIL ORDER FEES

    total $20,360 · related or exempt $20,360

  • 11b · Other revenue: LOCKER FEES

    total $303 · related or exempt $303

  • 11d · All other revenue

    total $6,539 · related or exempt $6,539

  • 11e · Other revenue, total

    $27,202

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $502,495 · program services $163,359 · management and general $183,319 · fundraising $155,817

  • 7 · Other salaries and wages

    total $1,898,193 · program services $1,086,095 · management and general $255,448 · fundraising $556,650

  • 8 · Pension plan contributions

    total $85,885 · program services $51,104 · management and general $10,046 · fundraising $24,735

  • 9 · Other employee benefits

    total $132,513 · program services $81,997 · management and general $9,901 · fundraising $40,615

  • 10 · Payroll taxes

    total $210,884 · program services $113,449 · management and general $37,342 · fundraising $60,093

  • 11b · Fees: legal

    total $28,001 · management and general $28,001

  • 11c · Fees: accounting

    total $30,153 · management and general $30,153

  • 11f · Fees: investment management

    total $169,226 · management and general $169,226

  • 11g · Fees: other

    total $66,778 · program services $1,169 · management and general $61,242 · fundraising $4,367

  • 12 · Advertising and promotion

    total $49,581 · program services $32,104 · fundraising $17,477

  • 13 · Office expenses

    total $293,625 · program services $234,975 · management and general $12,945 · fundraising $45,705

  • 14 · Information technology

    total $23,911 · program services $18,146 · management and general $2,662 · fundraising $3,103

  • 17 · Travel

    total $11,127 · fundraising $11,127

  • 22 · Depreciation, depletion and amortization

    total $98,662 · program services $53,199 · management and general $14,224 · fundraising $31,239

  • 23 · Insurance

    total $56,851 · program services $38,090 · management and general $18,761

  • 24a · Other expenses: MUSEUM OPERATIONS

    total $1,475,578 · program services $1,475,578 · management and general $0 · fundraising $0

  • 24b · Other expenses: THEATRE OPERATIONS

    total $411,349 · program services $411,349 · management and general $0 · fundraising $0

  • 24c · Other expenses: SERVICE CONTRACTS

    total $308,568 · program services $99,536 · management and general $137,713 · fundraising $71,319

  • 24d · Other expenses: PRINTING

    total $166,594 · program services $81,806 · management and general $1,185 · fundraising $83,603

  • 24e · All other expenses

    total $109,555 · program services $60,730 · management and general $15,809 · fundraising $33,016

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,700 · end of year $20,700

  • 2 · Savings and temporary cash investments

    beginning of year $4,240,319 · end of year $3,209,519

  • 3 · Pledges and grants receivable

    beginning of year $28,214 · end of year $247,329

  • 4 · Accounts receivable

    beginning of year $249,215 · end of year $334,056

  • 8 · Inventories for sale or use

    beginning of year $193,199 · end of year $217,808

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,176 · end of year $214,036

  • 10a · Land, buildings and equipment: cost or other basis

    $2,164,827

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,738,291

  • 10c · Land, buildings and equipment, net

    beginning of year $435,241 · end of year $426,536

  • 11 · Investments: publicly traded securities

    beginning of year $22,930,737 · end of year $21,035,370

  • 14 · Intangible assets

    beginning of year $24,022 · end of year $32,611

  • 17 · Accounts payable and accrued expenses

    beginning of year $450,655 · end of year $463,058

  • 19 · Deferred revenue

    beginning of year $6,879 · end of year $33,049

  • 27 · Net assets without donor restrictions

    beginning of year $26,642,694 · end of year $23,954,427

  • 28 · Net assets with donor restrictions

    beginning of year $1,084,595 · end of year $1,287,431

Mission and programs · 2022

Mission

TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE AND TO PORTRAY AND PRESERVE THE HISTORY OF THE UNITED STATES AIR FORCE AND ITS PREDECESSOR SERVICES BY EXHIBITING AERONAUTICAL ITEMS ASSOCIATED WITH CELEBRATED EVENTS, IMPORTANT ERA AND NOTABLE ACHIEVEMENTS OF THE AIR FORCE.

Activities or mission (Part I)

SUPPORT OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE.

  • OPERATION OF A MUSEUM STORE (INCLUDING A SIGNIFICANT BOOK STORE OF USAF AND RELATED EDUCATIONAL MATERIALS), AIR FORCE MUSEUM THEATRE AND SIMULATORS IN ACCORDANCE WITH THE FOUNDATION'S EXEMPT PURPOSE. OPERATION OF 2 SMALL CAFE-STYLE EATING FACILITIES. OPERATIONS INCLUDE PUBLICIZING THE MUSEUM AND FURTHERING ITS EDUCATIONAL BENEFITS TO 1 MILLION VISITORS/YEAR.

    Expenses $2,501,026 · Revenue $3,826,607

  • PROVIDE ASSISTANCE FOR MUSEUM OPERATIONS, INCLUDING FACILITY IMPROVEMENTS, PROMOTION OF THE MUSEUM AND ITS MANY VARIED ACTIVITIES, SUPPORT FOR THE VOLUNTEER PROGRAM AND VOLUNTEER RECOGNITION, SUPPORT FOR THE MUSEUM EDUCATIONAL PROGRAMS INCLUDING SPACE CAMP, TEACHER TRAINING, HOME SCHOOL EVENTS, AND OTHER EDUCATIONAL ACTIVITIES AND SUPPORT FOR MUSEUM SPECIAL EVENTS SUCH AS MILITARY GROUP REUNIONS, CONCERTS, EXHIBIT OPENINGS, ETC.

    Expenses $1,501,660 · Revenue $19,294

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lt Gen Ret Cd Moore II

    CHAIR (START 07/22)

    Total calculated
    $0
    Hours/week
    3.1

  • Cmsaf Ret Gerald R Murray

    VICE CHAIR (START 07/22)

    Total calculated
    $0
    Hours/week
    2.4

  • Gen Ret Lester L Lyles

    SECRETARY (START 07/22)

    Total calculated
    $0
    Hours/week
    1.4

  • Mr Scott E Lundy

    TREASURER (START 07/22)

    Total calculated
    $0
    Hours/week
    2.5

  • Lt Col Ret Angela L Billings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Col Ret James F Blackman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Mr John G Brauneis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.1

  • Lt Col Ret John Paul Clarke

    TRUSTEE (START 11/22)

    Total calculated
    $0
    Hours/week
    0

  • Ms Linda Y Cureton

    TRUSTEE (START 05/22)

    Total calculated
    $0
    Hours/week
    0.6

  • Mr Roger D Duke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.7

  • Ms Anita O Emoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.5

  • Col Ret Frederick D Gregory Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2.4

  • Mr Benjamin T Guthrie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9

  • Mr Walter A Hibner

    TRUSTEE (START 11/22)

    Total calculated
    $0
    Hours/week
    0

  • Mr James L Jennings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.6

  • Mr Scott L Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.3

  • Lt Col Ret Ki Ho Kang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Thomas J Lasley II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Maj Gen Ret Edward P Maxwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • Col Ret Donald R McMonagle

    TRUSTEE (START 11/22)

    Total calculated
    $0
    Hours/week
    0

  • Maj Gen Ret Brian C Newby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gen Ret Gary L North

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.7

  • Mr Edgar M Purvis Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.1

  • Maj Gen Ret Frederick F

    ROGGERO TRUSTEE

    Total calculated
    $0
    Hours/week
    2.2

  • Maj Gen Ret Carl M Skinner

    TRUSTEE (START 08/22)

    Total calculated
    $0
    Hours/week
    0.3

  • Cmsgt Ret Darla J Torres

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6

  • Mr Randy Tymofichuk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Brig Gen Ret Paul R Cooper

    TREASURER (END 06/22)

    Total calculated
    $0
    Hours/week
    1.5

  • Dr Pamela A Drew

    CHAIR (END 06/22)

    Total calculated
    $0
    Hours/week
    2.8

  • Mr Michael P Imhoff

    CEO (END 01/22)

    Total calculated
    $93,225
    From this org
    $88,733
    From related orgs
    $0
    Other
    $4,492
    Hours/week
    50

  • Ms Melinda K Lawrence

    INTERIM CEO (START 02/22, END 08/22)

    Total calculated
    $126,104
    From this org
    $119,696
    From related orgs
    $0
    Other
    $6,408
    Hours/week
    50

  • Dr Rorie Cartier

    CEO (START 08/22)

    Total calculated
    $106,374
    From this org
    $103,575
    From related orgs
    $0
    Other
    $2,799
    Hours/week
    50

  • Mr Christopher Adkins-Lamb

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $176,790
    From this org
    $158,107
    From related orgs
    $0
    Other
    $18,683
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,635
    Bonus
    $19,472
    Other
    $0
    Deferred
    $8,417
    Nontaxable benefits
    $10,266
    Filer's total
    $176,790

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S SALARY IS SET AND APPROVED BY THE BOARD OF TRUSTEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202301319349304175

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