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Nonprofiteer
← TULSA AIR AND SPACE MUSEUM INC

Form 990 for tax year 2023

Filed by TULSA AIR AND SPACE MUSEUM INC.

Totals

Total revenue
$1,277,835
Total expenses
$1,044,820
Contributions and grants received
$670,755
Grants paid
$0
Program service revenue
$471,143
Investment income
$47,045
Other revenue
$88,892
Total assets, end of year
$6,729,831
Total liabilities, end of year
$124,621
Net assets or fund balances, end of year
$6,605,210
Program services expenses (Part IX)
$756,050
Management and general expenses
$187,002
Fundraising expenses
$101,768
Program service expenses (Part III)
$756,050

Program services were 72.4% 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

    $28,698

  • 1c · Fundraising events

    $132,241

  • 1e · Government grants (contributions)

    $320,991

  • 1f · All other contributions, gifts and grants

    $188,825

  • 1g · Noncash contributions included above

    $113,424

  • 2a · Program service revenue: ADMISSIONS

    total $466,778 · related or exempt $466,778

  • 2b · Program service revenue: EDUCATION

    total $4,365 · related or exempt $4,365

  • 3 · Investment income

    total $47,045 · excluded $47,045

  • 6a · Gross rents

    real property $70,166

  • 6b · Less rental expenses

    real property $4,794

  • 6c · Rental income or loss

    real property $65,372

  • 6d · Net rental income or loss

    total $65,372 · excluded $65,372

  • 8a · Fundraising events: gross income

    $32,352

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

    $132,241

  • 8b · Fundraising events: direct expenses

    $81,649

  • 8c · Net income from fundraising events

    total -$49,297 · excluded -$49,297

  • 10a · Gross sales of inventory

    $126,205

  • 10b · Cost of goods sold

    $53,388

  • 10c · Net income from sales of inventory

    total $72,817 · related or exempt $72,817

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $90,000 · program services $54,000 · management and general $18,000 · fundraising $18,000

  • 7 · Other salaries and wages

    total $366,378 · program services $247,600 · management and general $83,349 · fundraising $35,429

  • 9 · Other employee benefits

    total $38,023 · program services $25,996 · management and general $11,299 · fundraising $728

  • 10 · Payroll taxes

    total $35,786 · program services $22,320 · management and general $9,402 · fundraising $4,064

  • 11c · Fees: accounting

    total $29,568 · management and general $29,568

  • 11g · Fees: other

    total $32,769 · program services $25,624 · management and general $2,173 · fundraising $4,972

  • 13 · Office expenses

    total $80,599 · program services $63,009 · management and general $3,236 · fundraising $14,354

  • 14 · Information technology

    total $24,488 · program services $20,831 · management and general $1,168 · fundraising $2,489

  • 16 · Occupancy

    total $154,654 · program services $123,606 · management and general $19,094 · fundraising $11,954

  • 22 · Depreciation, depletion and amortization

    total $122,425 · program services $108,372 · management and general $6,345 · fundraising $7,708

  • 23 · Insurance

    total $31,500 · program services $26,515 · management and general $3,001 · fundraising $1,984

  • 24a · Other expenses: OTHER EXPENSES

    total $38,630 · program services $38,177 · management and general $367 · fundraising $86

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,766 · end of year $1,686,537

  • 2 · Savings and temporary cash investments

    beginning of year $1,564,357 · end of year $250,000

  • 3 · Pledges and grants receivable

    beginning of year $3,456 · end of year $2,956

  • 4 · Accounts receivable

    beginning of year $22,980 · end of year $27,094

  • 8 · Inventories for sale or use

    beginning of year $32,505 · end of year $52,517

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,553 · end of year $90,652

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

    $5,057,822

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

    $2,426,654

  • 10c · Land, buildings and equipment, net

    beginning of year $2,721,935 · end of year $2,631,168

  • 11 · Investments: publicly traded securities

    beginning of year $15,623 · end of year $19,287

  • 15 · Other assets

    beginning of year $1,954,366 · end of year $1,969,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,120 · end of year $63,414

  • 19 · Deferred revenue

    beginning of year $97,124 · end of year $61,207

  • 27 · Net assets without donor restrictions

    beginning of year $5,056,421 · end of year $5,296,460

  • 28 · Net assets with donor restrictions

    beginning of year $1,299,876 · end of year $1,308,750

Mission and programs · 2023

Mission

HONORING THE PAST, INSPIRING THE FUTURE.

  • EXHIBITS: IN 2023, THERE WERE 41,918 VISITORS WHO TOURED OVER 30 EXHIBITS ON DISPLAY AT TASM. TASM'S AEROSPACE DOCENTS OFFER A GUIDED INTERACTIVE TOUR OF THE EXHIBITS DESCRIBING THE HISTORY OF THE PEOPLE AND PLANES WHICH CONTRIBUTED TO OKLAHOMA'S RICH AEROSPACE HERITAGE. EXHIBITS AVAILABLE TO VISITORS INCLUDE: MD-80 DONATED TO THE MUSEUM BY AMERICAN AIRLINES. THE TUSKEGEE LEGACY EXHIBIT DEDICATED TO THE FEATS OF THE TUSKEGEE AIRMEN. GRUMMAN F-14A TOMCAT WHICH IS PAINTED IN THE SQUADRON COLORS OF VF-41 "THE BLACK ACES." THE SPARTAN EXECUTIVE MODEL 12 COMMISSIONED BY J. PAUL GETTY INCORPORATES A TRICYCLE LANDING GEAR. THE TULSAMERICAN B-24 EXHIBIT HONORING THOSE WHO SERVED DURING WWII AND THE LAST B-24 BUILT IN TULSA.

    Expenses $543,203 · Revenue $305,232

  • CAPITAL CAMPAIGN: IN AN EFFORT TO CONTINUE TO BE RECOGNIZED AS THE PREMIER LEARNING CENTER AND TOURIST DESTINATION FOR AVIATION AND SPACE EXPLORATION PAST, PRESENT AND FUTURE, TASM HAS DETERMINED A NEED TO EXPAND THEIR EXISTING MUSEUM BY ADDING AN ADDITIONAL 200 X 200 SQUARE FOOT RAMP. THE EXPANSION WILL HIGHLIGHT AN OUTDOOR PARKING RAMP FOR VISITING HISTORIC AIRCRAFT STATIC DISPLAY FOR VIEWING BY VISITORS.

    Expenses $15,907

  • PLANETARIUM: TASM IS HOME TO JAMES E. BERTELSMEYER PLANETARIUM WHICH INSPIRES CURIOSITY SEEKERS TO EXPLORE OUR UNIVERSE AND THE WONDERS OF EARTH. IN 2023, THERE WERE 25,866 VISITORS WHO TOURED THE PLANETARIUM WHICH OFFERS AN EXCITING EDUCATIONAL EXPERIENCE BY PAIRING STUNNING HIGH-DEFINITION VISUALS WITH STATE-OF-THE-ART TECHNOLOGY IN FULL IMMERSIVE THEATER ATMOSPHERE. VISITORS HAVE THE OPPORTUNITY TO VIEW OVER 13 DIFFERENT FEATURES INCLUDING: STARS WITH NIGHT SKY TOUR, DESTINATION MARS, DAWN OF THE SPACE AGE, BLACK HOLES: THE OTHER SIDE OF INFINITY, AND MANY MORE ADVENTURES.

    Expenses $196,940 · Revenue $165,911

As filed on the 2023 return.

Listed in Part VII

  • Tonya L Blansett

    EXECUTIVE DI

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Marticello

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Timothy Reather

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Benjamin F Gorrell Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Eric Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jeri Barrientos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • David Bendel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jim Bertelsmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Joe Deere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Scott Goodwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Nathaniel Keylon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Kathy Larsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Mansur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Sam Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ethan Pruitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • David Ray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Steve Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Kurt Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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
24 October 2024
IRS schema version
2023v5.0
Source object
202433029349302113

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