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Nonprofiteer
← PAN AM MUSEUM FOUNDATION INC

Form 990 for tax year 2024

Filed by PAN AM MUSEUM FOUNDATION INC.

Totals

Total revenue
$306,421
Total expenses
$313,106
Contributions and grants received
$268,112
Grants paid
$12,000
Program service revenue
$0
Investment income
$4
Other revenue
$38,305
Total assets, end of year
$348,749
Total liabilities, end of year
$57,342
Net assets or fund balances, end of year
$291,407
Program services expenses (Part IX)
$106,969
Management and general expenses
$95,269
Fundraising expenses
$110,868
Program service expenses (Part III)
$106,969

Program services were 34.2% 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

    $750

  • 1c · Fundraising events

    $137,191

  • 1f · All other contributions, gifts and grants

    $130,171

  • 3 · Investment income

    total $4 · related or exempt $4

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

    $137,191

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $89,217

  • 10b · Cost of goods sold

    $50,912

  • 10c · Net income from sales of inventory

    total $38,305 · related or exempt $38,305

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 7 · Other salaries and wages

    total $38,939 · management and general $38,939

  • 9 · Other employee benefits

    total $1,663 · management and general $1,663

  • 10 · Payroll taxes

    total $2,979 · management and general $2,979

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 11g · Fees: other

    total $4,750 · management and general $4,750

  • 12 · Advertising and promotion

    total $15,490 · program services $10,000 · fundraising $5,490

  • 13 · Office expenses

    total $5,915 · management and general $5,915

  • 14 · Information technology

    total $6,336 · management and general $6,336

  • 16 · Occupancy

    total $36,485 · program services $32,837 · management and general $3,648

  • 17 · Travel

    total $8,308 · management and general $8,308

  • 20 · Interest

    total $643 · management and general $643

  • 23 · Insurance

    total $5,853 · management and general $5,853

  • 24a · Other expenses: EXHIBIT CONSTRUCTION

    total $47,328 · program services $47,328

  • 24b · Other expenses: FUNDRAISING GALA

    total $83,770 · fundraising $83,770

  • 24c · Other expenses: FUNDRAISING OTHER EVENTS

    total $20,775 · fundraising $20,775

  • 24d · Other expenses: CREDIT CARD PROCESSING

    total $2,401 · management and general $2,401

  • 24e · All other expenses

    total $13,471 · program services $4,804 · management and general $7,834 · fundraising $833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $298,590 · end of year $256,406

  • 4 · Accounts receivable

    beginning of year $7,229 · end of year $31,156

  • 8 · Inventories for sale or use

    beginning of year $11,247 · end of year $10,614

  • 9 · Prepaid expenses and deferred charges

    end of year $7,000

  • 11 · Investments: publicly traded securities

    beginning of year $15,525 · end of year $43,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,449 · end of year $34,426

  • 25 · Other liabilities

    beginning of year $23,773 · end of year $22,916

  • 27 · Net assets without donor restrictions

    beginning of year $283,369 · end of year $291,407

  • 28 · Net assets with donor restrictions

    beginning of year $9,000

Mission and programs · 2024

Mission

TO PRESERVE THE LEGACY OF PAN AMERICAN AIRWAYS

  • CONTINUED DESIGN OF THE 747 EXHIBIT

    Expenses $84,969

  • PARTNERED WITH LOST CLIPPER ENTERPRISES LLC IN THEIR INVESTIGATION INTO THE 1938 DISAPPEARANCE OF THE HAWAII CLIPPER

    Expenses $12,000 · Grants $12,000

  • AUDIO INTERVIEWS FOR THE DEVELOPMENT OF PODCAST

    Expenses $10,000

As filed on the 2024 return.

Listed in Part VII

  • Deborah Gaudioso

    DIRECTOR OF SOCIAL MEDIA

    Total calculated
    $0
    Hours/week
    30
  • Wendy Knecht

    FUNDRAISING

    Total calculated
    $0
    Hours/week
    5
  • Pamela Freytag

    GALA COMMITTEE

    Total calculated
    $0
    Hours/week
    5
  • Patricia Boyce Iassogna

    LEGAL ADVISOR

    Total calculated
    $0
    Hours/week
    5
  • Tom Betti

    HISTORIANPODCAST HOST

    Total calculated
    $0
    Hours/week
    10
  • Phillip Keene

    COLLECTIONS AND CURATION

    Total calculated
    $0
    Hours/week
    5
  • John Marshall

    DIR OF FLIGHT OPTS OUTREACH

    Total calculated
    $0
    Hours/week
    5
  • Janice Faia

    GALA COMMITTEE

    Total calculated
    $0
    Hours/week
    5
  • Wil Alveno

    ANALYTICS

    Total calculated
    $0
    Hours/week
    10
  • Hector Adler

    MEMBER RELATIONS

    Total calculated
    $0
    Hours/week
    5
  • Sue Denness

    STRATEGIC PLANNING

    Total calculated
    $0
    Hours/week
    5
  • Cathy Liddy

    ACCOUNTS PAYABLE

    Total calculated
    $0
    Hours/week
    5
  • Leslie Manning

    COMMUNICATIONSNEWSLETTER

    Total calculated
    $0
    Hours/week
    5
  • Nancy McAllister

    EVENT PLANNING

    Total calculated
    $0
    Hours/week
    5
  • Liv Milan

    ACCOUNTS RECEIVABLE

    Total calculated
    $0
    Hours/week
    5
  • Linda Reynolds

    WEBSITEDIGITAL PLATFORMS

    Total calculated
    $0
    Hours/week
    5
  • Monique Rounsavelle

    EVENT PLANNING

    Total calculated
    $0
    Hours/week
    5
  • Pat Smith

    SPONSORSHIPS

    Total calculated
    $0
    Hours/week
    5
  • Annita Stokes Thomas

    MEDIA RELATIONS

    Total calculated
    $0
    Hours/week
    5
  • Michael Levchuck

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Linda Freire

    CHAIR

    Total calculated
    $0
    Hours/week
    30
  • Diane Krumholtz Lyras

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • David Hinson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Penny Warner-Powell

    OUTREACH

    Total calculated
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported
  • John Luetich

    DIRECTOR OF CURATION AND HISTORIAN

    Total calculated
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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

None.

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

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

  • LOST CLIPPER ENTERPRISES LLC

    $12,000

    GENERAL PURPOSE

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202533169349303738

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