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← AIR FORCE ARMAMENT MUSEUM FOUNDATION INC

Form 990 for tax year 2022

Filed by AIR FORCE ARMAMENT MUSEUM FOUNDATION INC.

Totals

Total revenue
$300,460
Total expenses
$223,530
Contributions and grants received
$127,782
Grants paid
$0
Program service revenue
$0
Investment income
-$14,654
Other revenue
$187,332
Total assets, end of year
$605,156
Total liabilities, end of year
$7,069
Net assets or fund balances, end of year
$598,087
Program services expenses (Part IX)
$200,012
Management and general expenses
$23,518
Fundraising expenses
$0
Program service expenses (Part III)
$200,012

Program services were 89.5% 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.

  • 1f · All other contributions, gifts and grants

    $127,782

  • 3 · Investment income

    total $661 · related or exempt $661

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

    other assets $15,315

  • 7c · Gain or loss

    other assets -$15,315

  • 7d · Net gain or loss

    total -$15,315 · related or exempt -$15,315

  • 10a · Gross sales of inventory

    $455,392

  • 10b · Cost of goods sold

    $268,060

  • 10c · Net income from sales of inventory

    total $187,332 · related or exempt $187,332

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $115,600 · program services $104,039 · management and general $11,561

  • 10 · Payroll taxes

    total $8,987 · program services $8,088 · management and general $899

  • 11c · Fees: accounting

    total $6,625 · management and general $6,625

  • 11g · Fees: other

    total $12,318 · program services $12,318

  • 12 · Advertising and promotion

    total $533 · program services $533

  • 13 · Office expenses

    total $3,889 · program services $2,497 · management and general $1,392

  • 16 · Occupancy

    total $8,366 · program services $6,931 · management and general $1,435

  • 22 · Depreciation, depletion and amortization

    total $629 · program services $629

  • 23 · Insurance

    total $7,407 · program services $6,536 · management and general $871

  • 24a · Other expenses: MUSEUM SUPPORT

    total $50,182 · program services $50,182

  • 24b · Other expenses: TDC EXPENSES

    total $4,129 · program services $4,129

  • 24c · Other expenses: SPECIAL EVENT

    total $3,873 · program services $3,873

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $473 · management and general $473

  • 24e · All other expenses

    total $519 · program services $257 · management and general $262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,841 · end of year $346,355

  • 2 · Savings and temporary cash investments

    beginning of year $163,464 · end of year $164,125

  • 8 · Inventories for sale or use

    beginning of year $67,888 · end of year $73,704

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,999 · end of year $4,266

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

    $8,151

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

    $7,353

  • 10c · Land, buildings and equipment, net

    beginning of year $16,742 · end of year $798

  • 11 · Investments: publicly traded securities

    beginning of year $27,373 · end of year $15,908

  • 25 · Other liabilities

    beginning of year $6,150 · end of year $7,069

  • 27 · Net assets without donor restrictions

    beginning of year $521,157 · end of year $598,087

Mission and programs · 2022

Mission

PROMOTION OF MUSEUM AND ITS FUNCTIONS. SALE OF EDUCATIONAL ITEMS AND ITEMS RELEVANT TO AVIATION HISTORY. ENGINEERS FOR AMERICA - PROVIDE SUPPORT FOR ENGINEERING EDUCATION AT THE HIGH SCHOOL LEVEL.

Activities or mission (Part I)

PROMOTION OF MUSEUM AND ITS FUNCTIONS; SALE OF EDUCATIONAL ITEMS AND ITEMS RELEVANT TO AVIATION HISTORY. ENGINEERS FOR AMERICA - PROVIDE SUPPORT FOR ENGINEERING EDUCATION AT THE HIGH SCHOOL LEVEL.

  • AIR FORCE ARMAMENT MUSEUM GIFT SHOP-PROVIDES GENERAL INCOME TO SUPPORT THE FOUNDATION OPERATIONS.

    Expenses $200,012

  • MUSEUM SUPPORT - VARIOUS MISCELLANEOUS EXPENSES SUCH AS SMALL REPAIRS, SUPPLIES, AND SETUP OF NEW DISPLAYS

  • VETERAN'S MEMORIAL - SELLS MEMORIAL BRICKS AND PROVIDES MAINTENANCE

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

Listed in Part VII

  • Bob Arnold

    SECRETARY

    Total calculated
    $0

  • Kim Wintner

    TREASURER

    Total calculated
    $0

  • Frank Hendricks

    VICE PRESIDE

    Total calculated
    $0

  • Richard Hallion

    CHAIRMAN OF

    Total calculated
    $0

  • Edward Hubbard

    PRESIDENT

    Total calculated
    $0

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
2022
Filed
7 July 2023
IRS schema version
2022v5.0
Source object
202430769349300403

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