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Nonprofiteer
← HAGERSTOWN AVIATION MUSEUM INC

Form 990 for tax year 2023

Filed by HAGERSTOWN AVIATION MUSEUM INC.

Totals

Total revenue
$1,755,142
Total expenses
$667,942
Contributions and grants received
$1,652,640
Grants paid
$0
Program service revenue
$0
Investment income
$47,031
Other revenue
$55,471
Total assets, end of year
$7,979,778
Total liabilities, end of year
$14,285
Net assets or fund balances, end of year
$7,965,493
Program services expenses (Part IX)
$330,752
Management and general expenses
$337,190
Fundraising expenses
$0
Program service expenses (Part III)
$330,752

Program services were 49.5% 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.

  • 1b · Membership dues

    $9,410

  • 1c · Fundraising events

    $184,250

  • 1e · Government grants (contributions)

    $150,000

  • 1f · All other contributions, gifts and grants

    $1,308,980

  • 1g · Noncash contributions included above

    $184,250

  • 3 · Investment income

    total $47,031 · excluded $47,031

  • 6a · Gross rents

    real property $29,084

  • 6c · Rental income or loss

    real property $29,084

  • 6d · Net rental income or loss

    total $29,084 · related or exempt $29,084

  • 8a · Fundraising events: gross income

    $33,810

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

    $184,250

  • 8b · Fundraising events: direct expenses

    $15,382

  • 8c · Net income from fundraising events

    total $18,428

  • 10a · Gross sales of inventory

    $12,489

  • 10b · Cost of goods sold

    $4,530

  • 10c · Net income from sales of inventory

    total $7,959 · related or exempt $7,959

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $122,750 · program services $61,375 · management and general $61,375

  • 7 · Other salaries and wages

    total $40,238 · program services $20,119 · management and general $20,119

  • 10 · Payroll taxes

    total $12,430 · program services $6,215 · management and general $6,215

  • 11b · Fees: legal

    total $33,206 · program services $16,603 · management and general $16,603

  • 11c · Fees: accounting

    total $12,492 · program services $6,246 · management and general $6,246

  • 11g · Fees: other

    total $68,100 · program services $34,050 · management and general $34,050

  • 12 · Advertising and promotion

    total $5,311 · program services $5,311

  • 13 · Office expenses

    total $11,407 · program services $175 · management and general $11,232

  • 14 · Information technology

    total $7,723 · management and general $7,723

  • 16 · Occupancy

    total $136,284 · program services $81,034 · management and general $55,250

  • 17 · Travel

    total $2,302 · management and general $2,302

  • 22 · Depreciation, depletion and amortization

    total $105,562 · management and general $105,562

  • 23 · Insurance

    total $16,587 · program services $13,270 · management and general $3,317

  • 24a · Other expenses: AIRPLANE EXPENSE

    total $73,829 · program services $73,829

  • 24b · Other expenses: MUSEUM EXPENSES

    total $12,525 · program services $12,525

  • 24c · Other expenses: DUE AND SUBSCRIPTIONS

    total $3,926 · management and general $3,926

  • 24d · Other expenses: BANK CHARGE

    total $1,716 · management and general $1,716

  • 24e · All other expenses

    total $1,554 · management and general $1,554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,399 · end of year $1,400,310

  • 2 · Savings and temporary cash investments

    beginning of year $5,208,940

  • 8 · Inventories for sale or use

    beginning of year $2,052 · end of year $2,052

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

    $5,337,789

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

    $141,892

  • 10c · Land, buildings and equipment, net

    beginning of year $439,961 · end of year $5,195,897

  • 15 · Other assets

    beginning of year $1,151,816 · end of year $1,381,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,102 · end of year $14,285

  • 24 · Unsecured notes and loans payable

    beginning of year $39,773

  • 27 · Net assets without donor restrictions

    beginning of year $6,878,293 · end of year $6,984,860

  • 28 · Net assets with donor restrictions

    end of year $980,633

Mission and programs · 2023

Mission

AVIATION MUSEUM TO EDUCATE THE COMMUNITY ABOUT ITS LONG INVOLVEMENT IN AVIATION.

  • AN AVIATION MUSEUM TO RESEARCH, INTERPRET, PRESERVE AND PROMOTE THE AVIATION HISTORY OF HAGERSTOWN, A MARYLAND COMMUNITY. ACTIVE MEMBERSHIP APPROX. 200, BI-ANNUAL MAGAZINE TO APPROX. 5000 PEOPLE. MUSEUM DISPLAY OPEN TO THE PUBLIC, THE PURPOSE OF WHICH IS TO EDUCATE THE COMMUNITY ABOUT ITS LONG INVOLVEMENT IN AVIATION.

    Expenses $330,752 · Revenue $1,708,111

As filed on the 2023 return.

Listed in Part VII

  • John P Seburn

    PRESIDENT

    Total calculated
    $59,500
    From this org
    $59,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Kurtis Meyers

    VICE PRESIDE

    Total calculated
    $52,500
    From this org
    $52,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • John Depasquale

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Austin Colby

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Paul Houck

    BOARD MEMBER

    Total calculated
    $10,750
    From this org
    $10,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Todd Willman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Scott Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Thomas Riford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tracey Sprecher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Hesbia C Foster Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ryan Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey Woolford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jack Seburn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443209349319579

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