Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $89,047

• 1e · Government grants (contributions)

  $318,476

• 1f · All other contributions, gifts and grants

  $48,755,250

• 1g · Noncash contributions included above

  $1,108,481

• 2a · Program service revenue: ADMISSIONS

  total $8,257,694 · related or exempt $8,257,694

• 2b · Program service revenue: MEMBERSHIPS

  total $1,187,578 · related or exempt $1,187,578

• 2c · Program service revenue: EDUCATIONAL PROGRAMS

  total $733,458 · related or exempt $733,458

• 2d · Program service revenue: FLIGHT SIMULATOR

  total $382,147 · related or exempt $382,147

• 3 · Investment income

  total $3,259,656 · excluded $3,259,656

• 5 · Royalties

  total $6,931 · excluded $6,931

• 6a · Gross rents

  real property $999,745

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $999,745

• 6d · Net rental income or loss

  total $999,745 · excluded $999,745

• 7a · Gross sales of assets other than inventory

  securities $23,020,013

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

  securities $23,078,317 · other assets $491,341

• 7c · Gain or loss

  securities -$58,304 · other assets -$491,341

• 7d · Net gain or loss

  total -$549,645 · excluded -$549,645

• 8a · Fundraising events: gross income

  $94,600

• 8a · Fundraising events: contributions included on line 1c

  $89,047

• 8b · Fundraising events: direct expenses

  $124,291

• 8c · Net income from fundraising events

  total -$29,691 · excluded -$29,691

• 10a · Gross sales of inventory

  $3,540,798

• 10b · Cost of goods sold

  $1,742,152

• 10c · Net income from sales of inventory

  total $1,798,646 · related or exempt $1,798,646

• 11a · Other revenue: WORKERS COMP REFUND

  total $21,290 · excluded $21,290

• 11b · Other revenue: INSURANCE REIMBURSE

  total $18,890 · excluded $18,890

• 11c · Other revenue: REIMBURSEMENTS

  total $17,580 · excluded $17,580

• 11d · All other revenue

  total $44,737 · related or exempt $3,529 · excluded $41,208

• 11e · Other revenue, total

  $102,497

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $244,950 · program services $244,950

• 5 · Compensation of officers, directors and key employees

  total $1,641,553 · program services $593,268 · management and general $498,062 · fundraising $550,223

• 7 · Other salaries and wages

  total $10,318,136 · program services $8,446,388 · management and general $1,079,189 · fundraising $792,559

• 8 · Pension plan contributions

  total $315,672 · program services $241,198 · management and general $42,642 · fundraising $31,832

• 9 · Other employee benefits

  total $1,288,276 · program services $1,069,950 · management and general $117,924 · fundraising $100,402

• 10 · Payroll taxes

  total $1,020,564 · program services $768,014 · management and general $155,294 · fundraising $97,256

• 11b · Fees: legal

  total $107,082 · management and general $107,082

• 11c · Fees: accounting

  total $117,346 · management and general $117,346

• 11d · Fees: lobbying

  total $2,500 · management and general $2,500

• 11f · Fees: investment management

  total $104,845 · management and general $104,845

• 11g · Fees: other

  total $1,448,958 · program services $1,026,075 · management and general $98,905 · fundraising $323,978

• 12 · Advertising and promotion

  total $562,116 · program services $415,208 · management and general $145,867 · fundraising $1,041

• 13 · Office expenses

  total $112,359 · program services $92,500 · management and general $9,148 · fundraising $10,711

• 14 · Information technology

  total $1,037,813 · program services $1,014,565 · management and general $6,261 · fundraising $16,987

• 16 · Occupancy

  total $1,079,806 · program services $1,078,317 · management and general $1,457 · fundraising $32

• 17 · Travel

  total $113,292 · program services $92,465 · management and general $9,992 · fundraising $10,835

• 19 · Conferences, conventions and meetings

  total $59,949 · program services $45,609 · management and general $3,124 · fundraising $11,216

• 22 · Depreciation, depletion and amortization

  total $3,714,936 · program services $2,971,949 · management and general $445,792 · fundraising $297,195

• 23 · Insurance

  total $612,544 · program services $581,632 · management and general $30,912

• 24a · Other expenses: EQUIP. REPAIRS & MAINT.

  total $509,203 · program services $508,522 · management and general $681

• 24b · Other expenses: FACILITIES REP. & MAINT

  total $494,431 · program services $494,431

• 24c · Other expenses: CREDIT CARD & BANK FEES

  total $459,537 · program services $443,853 · management and general $83 · fundraising $15,601

• 24e · All other expenses

  total $1,487,365 · program services $897,396 · management and general $451,322 · fundraising $138,647

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,749,278 · end of year $2,105,109

• 2 · Savings and temporary cash investments

  beginning of year $30,923,239 · end of year $60,878,758

• 3 · Pledges and grants receivable

  beginning of year $1,055,013 · end of year $2,176,858

• 4 · Accounts receivable

  beginning of year $510,017 · end of year $405,393

• 7 · Other notes and loans receivable

  beginning of year $11,520,976 · end of year $11,519,140

• 8 · Inventories for sale or use

  beginning of year $317,207 · end of year $367,386

• 9 · Prepaid expenses and deferred charges

  beginning of year $791,507 · end of year $998,395

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

  $149,709,189

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

  $75,991,602

• 10c · Land, buildings and equipment, net

  beginning of year $73,946,018 · end of year $73,717,587

• 11 · Investments: publicly traded securities

  beginning of year $61,129,331 · end of year $78,358,401

• 12 · Investments: other securities

  beginning of year $4,573,513 · end of year $349,945

• 13 · Investments: program-related

  beginning of year $138,665,890 · end of year $139,633,390

• 15 · Other assets

  beginning of year $2,495,814 · end of year $1,784,060

• 17 · Accounts payable and accrued expenses

  beginning of year $1,435,388 · end of year $1,904,180

• 19 · Deferred revenue

  beginning of year $1,083,814 · end of year $933,077

• 21 · Escrow or custodial account liability

  beginning of year $6,474,981 · end of year $7,150,219

• 25 · Other liabilities

  beginning of year $1,198,061 · end of year $1,111,274

• 27 · Net assets without donor restrictions

  beginning of year $236,061,797 · end of year $232,774,483

• 28 · Net assets with donor restrictions

  beginning of year $81,423,762 · end of year $128,421,189

The filer's explanations (Part III)

PART I, LINE 3

INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED DISCRETIONARY BONUSES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MUSEUM OF FLIGHT INVESTMENT FUND LLC

  INVESTMENTS · WA · income $0 · assets $8,919,274

  Directly controlled by MUSEUM OF FLIGHT FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• WINDWARD AVIATION INC

  S · MUSEUM · OK · 100% owned · share of assets $14,888,506 · controlled entity

  Directly controlled by MUSEUM OF FLIGHT FOUNDATION

• MUSEUM OF FLIGHT EDUCATION SERVICES LLC

  C · PROVIDE MUSEUM EDUCATION PROGRAMS · WA · 100% owned · share of income -$22,287 · share of assets $75,412 · controlled entity

  Directly controlled by MUSEUM OF FLIGHT FOUNDATION

• WINGS OVER WASHINGTON

  C · SUPPORT, PROMOTE, & COORDINATE AVIATION ACTIVITIES IN WA STATE · WA · 100% owned · controlled entity

  Directly controlled by MUSEUM OF FLIGHT FOUNDATION