AIRBORNE AND SPECIAL OPERATIONS MUSEUM FOUNDATION

EIN: 561785731 501(c)(3) Arts, Culture & Humanities

FAYETTEVILLE, NC

Total Revenue
$831,970
Total Expenses
$897,497
Total Assets
$8,830,290
Net Assets
$8,457,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NC
Principal Officer
RENEE LANE
Phone
9106432778
Tax Period
2024-10-01 to 2025-09-30

AIRBORNE AND SPECIAL OPERATIONS MUSEUM FOUNDATION, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $832K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Net assets of $8.5M represent 122 months of operating reserves.

Mission

THE FOUNDATION PROVIDES MARKETING AND ADVERTISING EFFORTS IN SUPPORT OF THE ONGOING MISSION OF THE UNITED STATES ARMY'S AIRBORNE & SPECIAL OPERATIONS MUSEUM.

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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 $692,982
Program Service Revenue $0
Investment Income $14,894
Other Revenue $124,094
TOTAL REVENUE $831,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $304,837
Fundraising Expenses $363,376
Program Expenses $344,789
Other Expenses $592,660
TOTAL EXPENSES $897,497

Year-over-Year Comparison

2024 2023 Change
Revenue $831,970 $2,892,374 -0.7%
Expenses $897,497 $645,989 +0.4%
Net Income $-65,527 $2,246,385 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
11
Volunteers
N/A

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARROLL BEARD BOARD MEMBER 1.00
Director
$0 $0 $0
LYNNE GREENE PRESIDENT 1.00
Officer Director
$0 $0 $0
RONNA GARRETT BOARD MEMBER 1.00
Director
$0 $0 $0
JANENE AUL BOARD MEMBER 1.00
Director
$0 $0 $0
WALTER HOLT BOARD MEMBER 1.00
Director
$0 $0 $0
HUTCH HUTCHENS BOARD MEMBER 1.00
Director
$0 $0 $0
DOUGLAS E NUNNALLY III BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL IVEY BOARD MEMBER 1.00
Director
$0 $0 $0
MAC HEALY VP 1.00
Officer Director
$0 $0 $0
JAMES MARTIN TREASURER 1.00
Officer Director
$0 $0 $0
SHARON LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
WESLEY MEREDITH BOARD MEMBER 1.00
Director
$0 $0 $0
BILL DREWRY SECRETARY 1.00
Officer Director
$0 $0 $0
STEVEN MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE HIDALGO BOARD MEMBER 1.00
Director
$0 $0 $0
DR TERRANCE SMITH BOARD MEMBER 1.00
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 $831,970 $897,497 $8,830,290 $-65,527
2024 $2,892,374 $645,989 $8,742,187 $2,246,385
2023 $1,002,050 $697,547 $6,484,814 $304,503
2022 $4,115,720 $882,840 $6,216,538 $3,232,880
2021 $869,419 $664,995 $2,957,757 $204,424
2020 $763,214 $732,042 $2,717,744 $31,172
2019 $2,361,299 $853,552 $2,696,945 $1,507,747
2018 $807,547 $968,139 $1,585,313 $-160,592
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