MILITARY AVIATION MUSEUM

EIN: 261290004 501(c)(3) Arts, Culture & Humanities

VIRGINIA BEACH, VA

Total Revenue
$1,623,373
Total Expenses
$1,405,847
Total Assets
$2,753,256
Net Assets
$2,704,782
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
W GERALD YAGEN
Phone
7574903157
Tax Period
2023-01-01 to 2023-12-31

MILITARY AVIATION MUSEUM, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2018. The organization ran a surplus of $228K, a strong 22% operating margin.

Mission

TO PRESERVE HISTORY & EDUCATE THE GENERAL PUBLIC THROUGH THE PRESERVATION AND FLIGHT OF WORLD WAR ONE AND WORLD WAR TWO AIRCRAFT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $345,776
Program Service Revenue $837,220
Investment Income $68,449
Other Revenue $371,928
TOTAL REVENUE $1,623,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $467,067
Fundraising Expenses $1,736
Program Expenses $1,309,761
Other Expenses $938,780
TOTAL EXPENSES $1,405,847

Year-over-Year Comparison

2023 2022 Change
Revenue $1,623,373 $1,718,673 -0.1%
Expenses $1,405,847 $1,409,664 0.0%
Net Income $217,526 $309,009 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
20
Volunteers
174

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$93,625
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD GEORGE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN PETERSON VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
BRUCE HOLBROOK TREASURER 1.00
Officer Director
$0 $0 $0
KENT EWING SECRETARY 1.00
Officer Director
$0 $0 $0
GERALD YAGEN FOUNDER 0.25
Director
$0 $0 $0
TOM OWEN VOLUNTEER MEMBER 0.25
Director
$0 $0 $0
MICHAEL ALLEN DIRECTOR 0.25
Director
$0 $0 $0
DAVID BERND DIRECTOR 0.25
Director
$0 $0 $0
WILLIAM BURNETTE DIRECTOR 0.25
Director
$0 $0 $0
JOHN CAMPBELL JR DIRECTOR 0.25
Director
$0 $0 $0
GLENN CARWELL DIRECTOR 0.25
Director
$0 $0 $0
ROBERT DEDMAN DIRECTOR 0.25
Director
$0 $0 $0
EMMITT DICKENS DIRECTOR 0.25
Director
$0 $0 $0
BOB FORT DIRECTOR 0.25
Director
$0 $0 $0
DAVID GOODE DIRECTOR 0.25
Director
$0 $0 $0
PATRICK HAND DIRECTOR 0.25
Director
$0 $0 $0
SANDY HARRIS DIRECTOR 0.25
Director
$0 $0 $0
JOHN KAVANAUGH DIRECTOR 0.25
Director
$0 $0 $0
HOWARD KERN DIRECTOR 0.25
Director
$0 $0 $0
BARRY KNIGHT DIRECTOR 0.25
Director
$0 $0 $0
BRUCE LINDSEY DIRECTOR 0.25
Director
$0 $0 $0
CHERYL MCLESKEY DIRECTOR 0.25
Director
$0 $0 $0
ERIK NEIL DIRECTOR 0.25
Director
$0 $0 $0
DEBORAH BUTLER PAINTER DIRECTOR 0.25
Director
$0 $0 $0
STEVEN PRESCOTT DIRECTOR 0.25
Director
$0 $0 $0
WILLIAM ROMIG DIRECTOR 0.25
Director
$0 $0 $0
WILLIAM SESSOMS JR DIRECTOR 0.25
Director
$0 $0 $0
FREDERICK STANT DIRECTOR 0.25
Director
$0 $0 $0
ALAN WAGNER DIRECTOR 0.25
Director
$0 $0 $0
KEN YAGEN DIRECTOR 0.25
Director
$0 $0 $0
KEEGAN CHETWYND EXECUTIVE DIRECTOR 45.00
Officer
$79,752 $13,873 $93,625
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,623,373 $1,405,847 $2,753,256 $217,526
2022 $1,718,673 $1,409,664 $2,239,248 $309,009
2021 $1,982,680 $1,275,459 $1,953,725 $707,221
2020 $1,002,834 $1,001,067 $1,448,896 $1,767
2019 $1,112,962 $896,549 $1,177,141 $216,413
2018 $1,056,713 $828,710 $973,634 $228,003
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