THE AIR FORCE MUSEUM FOUNDATION INC

EIN: 310668800 501(c)(3) Arts, Culture & Humanities

WRIGHT PATTERSON AFB, OH

Total Revenue
$10,039,782
Total Expenses
$6,992,075
Total Assets
$30,114,151
Net Assets
$29,390,503
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
OH
Principal Officer
MR SCOTT E LUNDY
Phone
9372581218
Tax Period
2023-01-01 to 2023-12-31

THE AIR FORCE MUSEUM FOUNDATION INC, founded in 1966, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 30% operating margin.

Mission

TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE AND TO PORTRAY AND PRESERVE THE HISTORY OF THE UNITED STATES AIR FORCE AND ITS PREDECESSOR SERVICES BY EXHIBITING AERONAUTICAL ITEMS ASSOCIATED WITH CELEBRATED EVENTS, IMPORTANT ERA AND NOTABLE ACHIEVEMENTS OF THE AIR FORCE.

Program Service Accomplishments

Program 1
Expenses: $3,265,409 Revenue: $4,627,098

OPERATION OF A MUSEUM STORE (INCLUDING A SIGNIFICANT BOOK STORE OF USAF AND RELATED EDUCATIONAL MATERIALS), AIR FORCE MUSEUM THEATRE, SIMULATORS, AND EVENTS IN ACCORDANCE WITH THE FOUNDATION'S EXEMPT...

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OPERATION OF A MUSEUM STORE (INCLUDING A SIGNIFICANT BOOK STORE OF USAF AND RELATED EDUCATIONAL MATERIALS), AIR FORCE MUSEUM THEATRE, SIMULATORS, AND EVENTS IN ACCORDANCE WITH THE FOUNDATION'S EXEMPT PURPOSE. OPERATION OF 2 SMALL CAFE-STYLE EATING FACILITIES. OPERATIONS INCLUDE PUBLICIZING THE MUSEUM AND FURTHERING ITS EDUCATIONAL BENEFITS TO 1 MILLION VISITORS/YEAR.

Program 2
Expenses: $1,129,886 Revenue: $24,610

PROVIDE ASSISTANCE FOR MUSEUM OPERATIONS, INCLUDING FACILITY IMPROVEMENTS, PROMOTION OF THE MUSEUM AND ITS MANY VARIED ACTIVITIES, SUPPORT FOR THE VOLUNTEER PROGRAM AND VOLUNTEER RECOGNITION, SUPPORT...

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PROVIDE ASSISTANCE FOR MUSEUM OPERATIONS, INCLUDING FACILITY IMPROVEMENTS, PROMOTION OF THE MUSEUM AND ITS MANY VARIED ACTIVITIES, SUPPORT FOR THE VOLUNTEER PROGRAM AND VOLUNTEER RECOGNITION, SUPPORT FOR EXHIBITS AND RESTORATIONS, SUPPORT FOR TRAVELING TEMPORARY EXHIBIT, SUPPORT FOR THE MUSEUM EDUCATIONAL PROGRAMS INCLUDING SPACE CAMP, TEACHER TRAINING, HOME SCHOOL EVENTS, AND OTHER EDUCATIONAL ACTIVITIES AND SUPPORT FOR MUSEUM SPECIAL EVENTS SUCH AS MILITARY GROUP REUNIONS, CONCERTS, EXHIBIT OPENINGS, ETC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,465,768
Program Service Revenue $1,513,313
Investment Income $1,924,671
Other Revenue $3,136,030
TOTAL REVENUE $10,039,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,820,866
Fundraising Expenses $1,316,626
Program Expenses $4,395,295
Other Expenses $3,171,209
TOTAL EXPENSES $6,992,075

Year-over-Year Comparison

2023 2022 Change
Revenue $10,039,782 $7,502,072 +0.3%
Expenses $6,992,075 $6,129,529 +0.1%
Net Income $3,047,707 $1,372,543 +1.2%
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
101
Volunteers
65

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
$239,652
Total Directors
36
$0
Key Employees
1
$178,864
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LT GEN RET CD MOORE II CHAIR 3.20
Officer Director
$0 $0 $0
CMSAF RET GERALD R MURRAY VICE CHAIR 2.30
Officer Director
$0 $0 $0
GEN RET LESTER L LYLES SECRETARY 1.70
Officer Director
$0 $0 $0
MR SCOTT E LUNDY TREASURER 2.90
Officer Director
$0 $0 $0
MS ANGELA L BILLINGS TRUSTEE 1.10
Director
$0 $0 $0
COL RET JAMES F BLACKMAN TRUSTEE 0.80
Director
$0 $0 $0
MR JOHN G BRAUNEIS TRUSTEE 1.70
Director
$0 $0 $0
LT COL RET JOHN PAUL CLARKE TRUSTEE 0.70
Director
$0 $0 $0
COL RET JEFFREY COLEMAN TRUSTEE (START 08/23) 0.40
Director
$0 $0 $0
BRIG GEN RET PAUL R COOPER TRUSTEE (END 05/23) 0.40
Director
$0 $0 $0
MS LINDA Y CURETON TRUSTEE 1.00
Director
$0 $0 $0
DR JAY DEFRANK TRUSTEE (START 11/23) 0.00
Director
$0 $0 $0
DR PAMELA A DREW TRUSTEE (END 05/23) 0.80
Director
$0 $0 $0
MR ROGER D DUKE TRUSTEE (END 05/23) 0.90
Director
$0 $0 $0
MS ANITA O EMOFF TRUSTEE 3.40
Director
$0 $0 $0
BRIG GEN RET ROBERT P GIVENS TRUSTEE (START 11/23) 0.00
Director
$0 $0 $0
COL RET FREDERICK D GREGORY SR TRUSTEE (END 05/23) 0.80
Director
$0 $0 $0
MR BENJAMIN T GUTHRIE TRUSTEE 0.80
Director
$0 $0 $0
MR WALTER A HIBNER TRUSTEE 0.70
Director
$0 $0 $0
MR JAMES L JENNINGS TRUSTEE 1.80
Director
$0 $0 $0
MR SCOTT L JONES TRUSTEE 1.60
Director
$0 $0 $0
MR KI HO KANG TRUSTEE 1.00
Director
$0 $0 $0
DR THOMAS J LASLEY II TRUSTEE 1.20
Director
$0 $0 $0
MAJ GEN RET EDWARD P MAXWELL TRUSTEE 1.00
Director
$0 $0 $0
COL RET DONALD R MCMONAGLE TRUSTEE 0.80
Director
$0 $0 $0
MAJ GEN RET BRIAN C NEWBY TRUSTEE (END 08/23) 1.10
Director
$0 $0 $0
MS NOEL NOLTA TRUSTEE (START 08/23) 0.50
Director
$0 $0 $0
GEN RET GARY L NORTH TRUSTEE 0.90
Director
$0 $0 $0
DR MARTIQUA L POST TRUSTEE (START 03/23) 0.60
Director
$0 $0 $0
MR EDGAR M PURVIS JR TRUSTEE 1.30
Director
$0 $0 $0
MAJ GEN RET FREDERICK F ROGGERO TRUSTEE 1.80
Director
$0 $0 $0
MAJ GEN RET CARL M SKINNER TRUSTEE 1.20
Director
$0 $0 $0
MS TRICA SLOAN TRUSTEE (START 11/23) 0.20
Director
$0 $0 $0
CMSGT RET DARLA J TORRES TRUSTEE (END 05/23) 0.20
Director
$0 $0 $0
MR RANDY TYMOFICHUK TRUSTEE 0.50
Director
$0 $0 $0
MS PATRICIA YOUNG TRUSTEE (START 05/23) 0.60
Director
$0 $0 $0
DR RORIE CARTIER CEO 50.00
Officer
$221,580 $18,072 $239,652
MR CHRISTOPHER ADKINS-LAMB CHIEF DEVELOPMENT OFFICER 50.00
Key Emp
$159,604 $19,260 $178,864
MS MELINDA K LAWRENCE DIRECTOR, RETAIL 50.00
Highest
$105,719 $5,705 $111,424
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $10,039,782 $6,992,075 $30,114,151 $3,047,707
2022 $7,502,072 $6,129,529 $25,737,965 $1,372,543
2021 $8,102,292 $4,319,626 $28,184,823 $3,782,666
2020 $4,433,103 $3,949,121 $22,981,510 $483,982
2019 $6,142,569 $4,661,226 $21,803,106 $1,481,343
2018 $7,189,614 $3,848,890 $18,993,411 $3,340,724
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