Sullenberger Aviation Museum

EIN: 561769105 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$4,868,793
Total Expenses
$2,892,646
Total Assets
$27,850,829
Net Assets
$23,594,810
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NC
Phone
7049973770
Tax Period
2024-07-01 to 2025-06-30

Sullenberger Aviation Museum, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 41% operating margin.

Mission

- Inspire present and future generations of aerospace and STEM innovators;- Educate on the impact of aviation and aerospace in our lives, culture, and economy;- Elevate diversity in STEM and aerospace to catalyze economic mobility

Program Service Accomplishments

Program 1
Expenses: $1,546,757

The Museum has developed a new and now operating facility that celebrates innovation and American ingenuity that led to the emergence of today's aviation and aerospace industry. And in doing so, it...

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The Museum has developed a new and now operating facility that celebrates innovation and American ingenuity that led to the emergence of today's aviation and aerospace industry. And in doing so, it is providing community programming to excite the next generation through its mission to INSPIRE, EDUCATE and ELEVATE future generations of innovators with diverse and equitable access to STEM career pathways to address economic mobility. Through the development of the new facility, the Museum has expanded its mission for greater community impact, is completing a capital campaign, and concluding a capital development project in partnership with CLT Airport. The vision of the new Museum facility connects the history of aviation and aerospace to the advancement trends in innovation and aviation/aerospace technologies that inspire people, educate the next generation, and connect students to the ever-increasing career opportunities in STEM. With state-of-the-art interactive exhibits and STEM programs, the new facility is a high-profile cultural tourism attraction and statewide STEM education resource. It promotes aviation's impactful stories highlighting the innovations that shaped our NC heritage of 'First in Flight, and partners with statewide industry to provide educational experiences to drive the development of the STEM aviation/aerospace industry sector by expanding the STEM career pipeline.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,899,806
Program Service Revenue $1,652,583
Investment Income $-1,604
Other Revenue $318,008
TOTAL REVENUE $4,868,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,570,311
Fundraising Expenses $538,385
Program Expenses $1,546,757
Other Expenses $1,322,335
TOTAL EXPENSES $2,892,646

Year-over-Year Comparison

2024 2023 Change
Revenue $4,868,793 $3,086,970 +0.6%
Expenses $2,892,646 $2,669,018 +0.1%
Net Income $1,976,147 $417,952 +3.7%
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
15
Independent Members
15
Employees
35
Volunteers
129

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
4
$139,677
Total Directors
16
$139,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Saucier President 50.00
Officer Director
$132,532 $7,145 $139,677
Grant Hundley Director 0.50
Director
$0 $0 $0
Roddey Dowdlll Director 0.50
Director
$0 $0 $0
Ben Mears Director 0.50
Director
$0 $0 $0
Joe Valasquez Secretary 0.50
Officer Director
$0 $0 $0
Cody Keith Director 0.50
Director
$0 $0 $0
Marc Oken Past Chair 1.00
Officer Director
$0 $0 $0
Amanda Weisiger Cornelson Director 0.50
Director
$0 $0 $0
Glenn Sherrill Director 0.50
Director
$0 $0 $0
Tim Miller Chair 1.00
Officer Director
$0 $0 $0
Scott Mickle Director 0.50
Director
$0 $0 $0
Jubal Early Director 0.50
Director
$0 $0 $0
Shilpa Banerjee Director 0.50
Director
$0 $0 $0
Dr John Daniels Director 0.50
Director
$0 $0 $0
Dr Gary Slaughter Director 0.50
Director
$0 $0 $0
Amy Rhyne Director 0.50
Director
$0 $0 $0
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 $4,868,793 $2,892,646 $27,850,829 $1,976,147
2024 $3,086,970 $2,669,018 $25,355,405 $417,952
2023 $17,510,185 $2,933,706 $25,323,507 $14,576,479
2022 $5,464,854 $760,458 $6,687,873 $4,704,396
2021 $2,077,957 $506,281 $2,163,252 $1,571,676
2020 $383,782 $588,690 $500,939 $-204,908
2019 $1,095,520 $1,132,021 $629,546 $-36,501
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