Hagerstown Aviation Museum Inc

Preserving Hagerstown's Aviation Heritage

HAGERSTOWN, MD | http://www.hagerstownaviationmuseum.org

GuideStar Charity Check

EIN: 20-2822392

Contributions tax deductible
as of September 2024

IRS BMF 509(a)(1)
as of September 09, 2024

View summary

Charity Check report

Mission

To preserve the 100 year aviation heritage of the Hagerstown, Maryland region.

Ruling year info

2006

President

John Seburn

Main address

18450 Showalter Road

HAGERSTOWN, MD 21742 USA

Show more contact info

EIN

20-2822392

Subject area info

Museums

Arts and culture

Population served info

Adults

Children and youth

NTEE code info

Arts, Cultural Organizations - Multipurpose (A20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Wings & Wheels Expo

Annual museum event that showcases the entire museum collection of historic aircraft that were built in Hagerstown, Maryland by Fairchild Aircraft. Visiting aircraft, cars, trucks and anything with wheels also attend this event that draws thousands of visitors each year.

Population(s) Served

Adults

Children and youth

Where we work

Financials

Hagerstown Aviation Museum Inc

Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

127.20

Average of 17.81 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

107

Average of 27.4 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

8%

Average of 1% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Hagerstown Aviation Museum Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$209,552
Government Grants	$0
Program Services	$0
Investments	$47
Special Events	$26,396
Sales	$0
Other	$0
Total Revenue	$235,995

Expenses
Program Services	$176,495
Administration	$7,891
Fundraising	$8,545
Total Expenses	$192,931
Net Gain/Loss	$43,064

Functional expenses
Accounting Fees	$1,137
Advertising & Promotion	$6,088
Information Technology Expenses	$0
Insurance Expenses	$7,000
Interest Expenses	$1,758
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$51,979
Government Grants	$0
Program Services	$0
Investments	$65
Special Events	($1,266)
Sales	$0
Other	$0
Total Revenue	$50,778

Expenses
Program Services	$21,448
Administration	$5,970
Fundraising	$994
Total Expenses	$28,412
Net Gain/Loss	$22,366

Functional expenses
Accounting Fees	$1,019
Advertising & Promotion	$3,921
Information Technology Expenses	$794
Insurance Expenses	$3,500
Interest Expenses	$325
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$45,710
Government Grants	$0
Program Services	$0
Investments	$29
Special Events	($2,619)
Sales	$0
Other	$0
Total Revenue	$43,120

Expenses
Program Services	$21,541
Administration	$4,109
Fundraising	$43
Total Expenses	$25,693
Net Gain/Loss	$17,427

Functional expenses
Accounting Fees	$1,435
Advertising & Promotion	$1,119
Information Technology Expenses	$681
Insurance Expenses	$4,039
Interest Expenses	$414
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$147,671
Government Grants	$0
Program Services	$0
Investments	($1,859)
Special Events	$879
Sales	$642
Other	$0
Total Revenue	$147,333

Expenses
Program Services	$54,437
Administration	$5,393
Fundraising	$240
Total Expenses	$60,070
Net Gain/Loss	$87,263

Functional expenses
Accounting Fees	$1,270
Advertising & Promotion	$436
Information Technology Expenses	$611
Insurance Expenses	$3,473
Interest Expenses	$1,521
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$98,279
Government Grants	$0
Program Services	$0
Investments	$52
Special Events	$2,979
Sales	$4,819
Other	$0
Total Revenue	$106,129

Expenses
Program Services	$48,221
Administration	$10,996
Fundraising	$262
Total Expenses	$59,479
Net Gain/Loss	$46,650

Functional expenses
Accounting Fees	$1,225
Advertising & Promotion	$251
Information Technology Expenses	$720
Insurance Expenses	$4,697
Interest Expenses	$581
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$152,959
Government Grants	$0
Program Services	$0
Investments	$50
Special Events	($90)
Sales	$2,155
Other	$0
Total Revenue	$155,074

Expenses
Program Services	$86,900
Administration	$8,615
Fundraising	$0
Total Expenses	$95,515
Net Gain/Loss	$59,559

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$3,037
Information Technology Expenses	$680
Insurance Expenses	$3,335
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$1,225
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$43,125
Government Grants	$0
Program Services	$0
Investments	$24
Special Events	$838
Sales	$4,469
Other	$0
Total Revenue	$48,456

Expenses
Program Services	$49,576
Administration	$4,477
Fundraising	$0
Total Expenses	$54,053
Net Gain/Loss	($5,597)

Functional expenses
Accounting Fees	$1,677
Advertising & Promotion	$630
Information Technology Expenses	$480
Insurance Expenses	$2,205
Interest Expenses	$211
Investment Management Fees	$0
Legal Fees	$751
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$63,948
Government Grants	$0
Program Services	$0
Investments	($26,851)
Special Events	($3,698)
Sales	$5,648
Other	$0
Total Revenue	$39,047

Expenses
Program Services	$51,838
Administration	$3,586
Fundraising	$0
Total Expenses	$55,424
Net Gain/Loss	($16,377)

Functional expenses
Accounting Fees	$1,253
Advertising & Promotion	$1,725
Information Technology Expenses	$1,565
Insurance Expenses	$4,725
Interest Expenses	$322
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$66,081
Government Grants	$0
Program Services	$0
Investments	$45
Special Events	($9,403)
Sales	$1,038
Other	$0
Total Revenue	$57,761

Expenses
Program Services	$81,171
Administration	$6,330
Fundraising	$1,099
Total Expenses	$88,600
Net Gain/Loss	($30,839)

Functional expenses
Accounting Fees	$2,556
Advertising & Promotion	$2,757
Information Technology Expenses	$850
Insurance Expenses	$7,254
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$450,004
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	($9,601)
Sales	$2,271
Other	$0
Total Revenue	$442,674

Expenses
Program Services	$165,943
Administration	$7,914
Fundraising	$0
Total Expenses	$173,857
Net Gain/Loss	$268,817

Functional expenses
Accounting Fees	$2,443
Advertising & Promotion	$5,463
Information Technology Expenses	$935
Insurance Expenses	$6,960
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$136,345
Government Grants	$25,150
Program Services	$0
Investments	$54,283
Special Events	$0
Sales	$1,668
Other	$0
Total Revenue	$217,446

Expenses
Program Services	$123,583
Administration	$3,883
Fundraising	$0
Total Expenses	$127,466
Net Gain/Loss	$89,980

Functional expenses
Accounting Fees	$2,182
Advertising & Promotion	$5,190
Information Technology Expenses	$701
Insurance Expenses	$5,625
Interest Expenses	$2,144
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$931,905
Government Grants	$0
Program Services	$0
Investments	$105,187
Special Events	$0
Sales	$4,958
Other	$0
Total Revenue	$1,042,050

Expenses
Program Services	$303,734
Administration	$11,125
Fundraising	$0
Total Expenses	$314,859
Net Gain/Loss	$727,191

Functional expenses
Accounting Fees	$4,865
Advertising & Promotion	$1,767
Information Technology Expenses	$586
Insurance Expenses	$9,856
Interest Expenses	$2,016
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$400,095
Government Grants	$5,001,397
Program Services	$0
Investments	($85,915)
Special Events	$0
Sales	$4,386
Other	$0
Total Revenue	$5,319,963

Expenses
Program Services	$473,082
Administration	$48,580
Fundraising	$92,000
Total Expenses	$613,662
Net Gain/Loss	$4,706,301

Functional expenses
Accounting Fees	$1,866
Advertising & Promotion	$2,300
Information Technology Expenses	$1,657
Insurance Expenses	$10,685
Interest Expenses	$1,928
Investment Management Fees	$0
Legal Fees	$10,013
Pension Plan Contributions	$0
Professional Fundraising Expenses	$92,000

Hagerstown Aviation Museum Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2008	Dec 31, 2008	Change
Contributions	$209,552
Cash & Equivalents	$17,266	$16,841	($425)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$687,500	$758,350	$70,850
Total Assets	$704,766	$775,191	$70,425

Liabilities	Jan 01, 2008	Dec 31, 2008	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$37,378	$65,450	$28,072
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$711	$0	($711)
Total Liabilities	$38,089	$65,450	$27,361

Fund balance	Jan 01, 2008	Dec 31, 2008	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	$666,677	$709,741	$43,064

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$51,979
Cash & Equivalents	$18,167	$25,542	$7,375
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$8,487	$7,205	($1,282)
Other	$889,000	$895,171	$6,171
Total Assets	$915,654	$927,918	$12,264

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$10,102	$0	($10,102)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$10,102	$0	($10,102)

Fund balance	Jan 01, 2011	Dec 31, 2011	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	$905,552	$927,918	$22,366

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$45,710
Cash & Equivalents	$25,542	$30,265	$4,723
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$7,205	$13,818	$6,613
Other	$895,171	$931,262	$36,091
Total Assets	$927,918	$975,345	$47,427

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$30,000	$30,000
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$30,000	$30,000

Fund balance	Jan 01, 2012	Dec 31, 2012	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$927,918	$945,345	$17,427
Net Assets	$927,918	$945,345	$17,427

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$147,671
Cash & Equivalents	$30,265	$46,196	$15,931
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$13,818	$8,326	($5,492)
Other	$931,262	$993,086	$61,824
Total Assets	$975,345	$1,047,608	$72,263

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$30,000	$15,000	($15,000)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$30,000	$15,000	($15,000)

Hagerstown Aviation Museum Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Hagerstown Aviation Museum Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	-$28,650	$270,041	$90,145	$727,900	$4,722,873
As % of expenses	-33.2%	156.4%	70.8%	231.7%	791.0%
Unrestricted surplus (deficit) after depreciation	-$30,839	$268,817	$89,980	$727,191	$4,706,301
As % of expenses	-34.8%	154.6%	70.6%	231.0%	766.9%

Revenue composition
Total revenue (unrestricted & restricted)	$57,761	$442,674	$217,446	$1,042,050	$5,319,963
Total revenue, % change over prior year	47.9%	666.4%	-50.9%	379.2%	410.5%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	15.3%	1.4%	2.8%	0.9%	0.1%
Investment income	0.1%	0.0%	25.0%	10.1%	-1.6%
Government grants	0.0%	0.0%	11.6%	0.0%	94.0%
All other grants and contributions	82.9%	98.1%	59.9%	88.5%	7.4%
Other revenue	1.8%	0.5%	0.8%	0.5%	0.1%

Expense composition
Total expenses before depreciation	$86,411	$172,633	$127,301	$314,150	$597,090
Total expenses, % change over prior year	62.8%	99.8%	-26.3%	146.8%	90.1%
Personnel	25.5%	13.9%	14.1%	10.8%	26.9%
Professional fees	3.0%	1.4%	1.7%	1.5%	19.1%
Occupancy	0.0%	0.0%	0.0%	28.2%	39.4%
Interest	0.0%	0.0%	1.7%	0.6%	0.3%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	71.6%	84.7%	82.5%	58.9%	14.3%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$88,600	$173,857	$127,466	$314,859	$613,662
One month of savings	$7,201	$14,386	$10,608	$26,179	$49,758
Debt principal payment	$0	$0	$227	$0	$0
Fixed asset additions	$0	$0	$0	$10,912	$446,096
Total full costs (estimated)	$95,801	$188,243	$138,301	$351,950	$1,109,516

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	9.2	22.6	33.4	40.3	107.0
Months of cash and investments	9.2	22.6	33.4	40.3	107.0
Months of estimated liquid unrestricted net assets	150.6	94.1	136.2	82.6	129.4

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$66,421	$324,859	$353,840	$1,056,316	$5,326,339
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$19,283	$19,283	$19,283	$30,195	$476,291
Accumulated depreciation (as a % of LBE)	91.6%	97.9%	98.8%	65.4%	7.6%
Liabilities (as a % of assets)	0.0%	2.9%	2.7%	1.8%	0.6%
Unrestricted net assets	$1,086,004	$1,354,821	$1,444,801	$2,171,992	$6,878,293
Temporarily restricted net assets	$0	N/A	N/A	N/A	N/A
Permanently restricted net assets	$0	N/A	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$1,086,004	$1,354,821	$1,444,801	$2,171,992	$6,878,293

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

President

John Seburn

Number of employees

Source: IRS Form 990

Hagerstown Aviation Museum Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Hagerstown Aviation Museum Inc

Board of directors
as of 09/29/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Hagerstown Aviation Museum Inc

Preserving Hagerstown's Aviation Heritage

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Wings & Wheels Expo

Where we work

Financials

Revenue vs. expenses: breakdown

Liquidity in 2022 info

127.20

Months of cash in 2022 info

107

Fringe rate in 2022 info

8%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Hagerstown Aviation Museum Inc

Hagerstown Aviation Museum Inc

Hagerstown Aviation Museum Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

President

John Seburn

Number of employees

Hagerstown Aviation Museum Inc

Compensation data

Hagerstown Aviation Museum Inc

Board of directors data

John Seburn

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities