MUSEUM OF FLIGHT FOUNDATION

EIN: 910785826 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$75,663,364
Total Expenses
$30,000,457
Total Assets
$422,758,694
Net Assets
$410,626,578
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WA
Principal Officer
MATTHEW HAYES
Phone
2067645700
Tax Period
2024-01-01 to 2024-12-31

MUSEUM OF FLIGHT FOUNDATION, founded in 1965, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $75.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $45.7M, a strong 60% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSES OF THE MUSEUM OF FLIGHT ARE TO PRESERVE AVIATION AND SPACE HISTORY, AND TO PROVIDE EDUCATION TO THE PUBLIC ABOUT SUBJECTS RELATED TO FLIGHT.

Program Service Accomplishments

Program 1
Expenses: $23,688,610 Revenue: $12,386,505

THE MUSEUM OF FLIGHT IN SEATTLE, WA, ONE OF THE WORLD'S LARGEST PRIVATE NONPROFIT AIR AND SPACE MUSEUMS, HOSTED MORE THAN 465,000 VISITORS IN 2024 WHILE BEING OPEN FOR 363 DAYS.THE MUSEUM HAD 205...

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THE MUSEUM OF FLIGHT IN SEATTLE, WA, ONE OF THE WORLD'S LARGEST PRIVATE NONPROFIT AIR AND SPACE MUSEUMS, HOSTED MORE THAN 465,000 VISITORS IN 2024 WHILE BEING OPEN FOR 363 DAYS.THE MUSEUM HAD 205 FULL-TIME EMPLOYEES IN 2024, AND 509 ACTIVE VOLUNTEERS WHO CONTRIBUTED 71,846 HOURS THROUGH TOURS, GUEST LECTURES AND GUEST INTERACTIONS. IN STRIVING FOR ITS VISION TO "INSPIRE ALL THROUGH THE LIMITLESS POSSIBILITY OF FLIGHT..." THE MUSEUM SERVED OVER 46,000 STUDENTS WITH A FOCUS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) DISCIPLINES. THE MUSEUM ALSO PROVIDED OVER $343,000 IN FINANCIAL AID AND SCHOLARSHIPS. THE MUSEUM IS A SMITHSONIAN AFFILIATE AND IS ALSO ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS. IN 2023, THE MUSEUM UPDATED ITS MISSION TO FOCUS ON AND EMPHASIZE THE AUDIENCES IT IS PROUD TO SERVE: THE MUSEUM OF FLIGHT IS A COMMUNITY WHERE WE UNLEASH THE INNOVATION, PASSION, AND HUMAN STORY OF FLIGHT TO UNLOCK JOY AND THE AMAZING POTENTIAL IN EVERYONE. THE MUSEUM OF FLIGHT EXISTS TO: COLLECT, PRESERVE, AND PARTICIPATE IN THE DYNAMIC AND DIVERSE STORIES OF AEROSPACE CAPTURE THE AWE OF THE PAST, PRESENT, AND FUTURE OF AVIATION AND SPACE FOR ALL TO EXPERIENCE PROVIDE INNOVATIVE EXPERIENTIAL LEARNING OPPORTUNITIES FOR PEOPLE OF ALL AGES CREATE A SENSE OF BELONGING AND COMMUNITY AROUND THE SHARED CONNECTION TO FLIGHT. THE MUSEUM DISPLAYS OVER 175 AIR- AND SPACECRAFT, ALONG WITH ARTIFACTS SHOWCASING AEROSPACE HISTORY. IN ADDITION TO THE MANY PERMANENT EXHIBITS COVERING THE BREADTH OF AEROSPACE HISTORY, THE MUSEUM PROVIDES SEVERAL TEMPORARY EXHIBITS EACH YEAR SHOWCASING A WIDE RANGE OF SUBJECTS. IN ADDITION TO THE AIRCRAFT ON VIEW, THE MUSEUM MAINTAINS THE LARGEST AERONAUTICAL LIBRARY AND ARCHIVES OPEN TO THE PUBLIC ON THE WEST COAST. OUR WORLD-CLASS COLLECTION IS MADE POSSIBLE BY WONDERFUL CONTRIBUTIONS FROM OUR COMMUNITY AND 2024 WAS NO EXCEPTION. IN 2024, THE MUSEUM ACCESSIONED 951 DONATIONS INTO OUR COLLECTION. THESE INCLUDED 84 NEW OBJECTS, UNIFORMS AND PHOTOGRAPHS AND 867 ADDITIONS TO THE HARL V. BRACKIN MEMORIAL LIBRARY. ADDITIONALLY, THE RESEARCH CENTER RECEIVED AND FULFILLED OVER 951 RESEARCH REQUESTS AND HOSTED 460 VISITORS.THE MUSEUM'S EDUCATIONAL PROGRAMS SUPPORT BOTH STATE AND NATIONAL STANDARDS, WASHINGTON STATE SCIENCE LEARNING STANDARDS AND COMMON CORE STATE STANDARDS. THE MUSEUM'S EDUCATOR PROFESSIONAL DEVELOPMENT PROGRAMS ARE CERTIFIED TO PROVIDE CLOCK HOUR CREDITS FOR TEACHERS. THE MUSEUM OFFERED MORE THAN 20 PROGRAMS AND INCLUDE THE AMERICAN CAMP ASSOCIATION ACCREDITED AEROSPACE CAMP EXPERIENCE (ACE) SUMMER CAMP, THE NATIONALLY ACCLAIMED CHALLENGER LEARNING CENTER (CLC), THE MUSEUM-DESIGNED AVIATION LEARNING CENTER (ALC), AND A WIDE RANGE OF DISTANCE LEARNING PROGRAMS. THE MUSEUM ALSO HOSTS THE WASHINGTON AEROSPACE SCHOLARS (WAS), A COMPETITIVE, COLLABORATIVE PROGRAM WITH NASA IS PRIVATELY FUNDED AND INTENDED TO KEEP THE NATION AT THE FOREFRONT OF TECHNICAL COMPETITIVENESS. ADDITIONALLY, THE MUSEUM'S CAMPUS IS HOME TO RAISBECK AVIATION HIGH SCHOOL, PART OF THE HIGHLINE SCHOOL DISTRICT WITH 400 STUDENTS AND A STEM-BASED CURRICULUM.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,071,253
Program Service Revenue $10,552,837
Investment Income $1,961,549
Other Revenue $3,077,725
TOTAL REVENUE $75,663,364

Expense Breakdown

Grants Paid $238,553
Salaries & Benefits $17,210,232
Fundraising Expenses $2,493,663
Program Expenses $23,688,610
Other Expenses $12,551,672
TOTAL EXPENSES $30,000,457

Year-over-Year Comparison

2024 2023 Change
Revenue $75,663,364 $65,311,789 +0.2%
Expenses $30,000,457 $26,853,233 +0.1%
Net Income $45,662,907 $38,458,556 +0.2%
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
54
Independent Members
54
Employees
314
Volunteers
509

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
7
$779,251
Total Directors
60
$0
Key Employees
4
$999,973
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON LIMES BOARD CHAIR 2.00
Officer Director
$0 $0 $0
KENT RAMSEY BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
KATIE PRIBYL BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
SRI THORNTON BOARD TREASURER 2.00
Officer Director
$0 $0 $0
GEORGE ABBEY TRUSTEE (THROUGH 3/24) 2.00
Director
$0 $0 $0
MARK ARMSTRONG TRUSTEE 2.00
Director
$0 $0 $0
NANCY AUTH TRUSTEE 2.00
Director
$0 $0 $0
BILL AYER TRUSTEE 2.00
Director
$0 $0 $0
TOM BAILLIE TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
JOHN BARRATT TRUSTEE 2.00
Director
$0 $0 $0
BRENT BODAL TRUSTEE 2.00
Director
$0 $0 $0
JON BOWMAN TRUSTEE (THROUGH 12/24) 2.00
Director
$0 $0 $0
TOM CAPTAIN TRUSTEE 2.00
Director
$0 $0 $0
SCOTT CARSON TRUSTEE 2.00
Director
$0 $0 $0
GARY COHN TRUSTEE 2.00
Director
$0 $0 $0
CAROLYN CORVI TRUSTEE 2.00
Director
$0 $0 $0
BOB DANNENHOLD TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
DOUG DEVRIES TRUSTEE 2.00
Director
$0 $0 $0
CAITLIN O'KEEFE DIETRICH TRUSTEE 2.00
Director
$0 $0 $0
CHRIS DREWER TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN ELOP TRUSTEE 2.00
Director
$0 $0 $0
JIM FARMER TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY SCOTT FORD TRUSTEE 2.00
Director
$0 $0 $0
STEVE FULTON TRUSTEE 2.00
Director
$0 $0 $0
BRETT GERRY TRUSTEE 2.00
Director
$0 $0 $0
TOM GIBBONS TRUSTEE 2.00
Director
$0 $0 $0
MIKE HALLMAN TRUSTEE 2.00
Director
$0 $0 $0
ELAINE HELLER TRUSTEE 2.00
Director
$0 $0 $0
BRUCE HILYER TRUSTEE 2.00
Director
$0 $0 $0
CRAIG HOWARD TRUSTEE 2.00
Director
$0 $0 $0
SHAUNTA HYDE TRUSTEE 2.00
Director
$0 $0 $0
SUZANNE JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
MARY KNELL TRUSTEE 2.00
Director
$0 $0 $0
CRYSTAL KNOTEK TRUSTEE 2.00
Director
$0 $0 $0
MIKE KOSS TRUSTEE 2.00
Director
$0 $0 $0
NED LAIRD TRUSTEE 2.00
Director
$0 $0 $0
ANTOINE LEBLOND TRUSTEE 2.00
Director
$0 $0 $0
DOTTIE METCALF-LINDENBURGER TRUSTEE 2.00
Director
$0 $0 $0
CHARLIE LYFORD TRUSTEE 2.00
Director
$0 $0 $0
BRUCE R MCCAW TRUSTEE 2.00
Director
$0 $0 $0
BILL MCCUTCHEON TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
ROB MEYERSON TRUSTEE 2.00
Director
$0 $0 $0
ROGER MYERS TRUSTEE 2.00
Director
$0 $0 $0
BRYAN NAIRN TRUSTEE (FROM 04/24) 2.00
Director
$0 $0 $0
KARL NEIDERS TRUSTEE 2.00
Director
$0 $0 $0
JOHN ODOM TRUSTEE 2.00
Director
$0 $0 $0
TOM O'KEEFE TRUSTEE 2.00
Director
$0 $0 $0
CHELSEA OLSON TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN RATZLAFF TRUSTEE 2.00
Director
$0 $0 $0
JOE SILVERNALE TRUSTEE 2.00
Director
$0 $0 $0
SANDY STELLING TRUSTEE 2.00
Director
$0 $0 $0
JASON SUTHERLAND TRUSTEE 2.00
Director
$0 $0 $0
STEVE TAYLOR TRUSTEE 2.00
Director
$0 $0 $0
DANIELLE YOAKUM TILDEN TRUSTEE (THROUGH 4/24) 2.00
Director
$0 $0 $0
PAM VALDEZ TRUSTEE 2.00
Director
$0 $0 $0
ERIKA WAGNER TRUSTEE 2.00
Director
$0 $0 $0
KEVIN WELLS TRUSTEE 2.00
Director
$0 $0 $0
ROB WELLS TRUSTEE (FROM 4/24) 2.00
Director
$0 $0 $0
JEFF WIPER TRUSTEE 2.00
Director
$0 $0 $0
KEVIN WYMAN TRUSTEE 2.00
Director
$0 $0 $0
MATTHEW HAYES PRESIDENT & CEO 40.00
Officer
$446,060 $34,413 $480,473
LYNDA KING VP FINANCE & OPERATIONS 40.00
Officer
$230,569 $21,841 $252,410
CLARK MILLER VP OPERATIONS (THROUGH 1/24) 40.00
Officer
$43,514 $2,854 $46,368
ALAN SWITZER VP DEVELOPMENT 40.00
Key Emp
$252,876 $28,427 $281,303
DANA RILEY-BLACK VP EDUCATION 40.00
Key Emp
$237,845 $22,107 $259,952
ERIKA CALLAHAN VP MARKETING & VISITOR EXPERIENCE 40.00
Key Emp
$227,470 $18,193 $245,663
WILLIAM FRENCH VP PEOPLE & CULTURE 40.00
Key Emp
$184,763 $28,292 $213,055
CHRISTOPHER SMITH DIRECTOR IT 40.00
Highest
$158,389 $30,941 $189,330
NANCY TERRY CONTROLLER 40.00
Highest
$145,981 $17,815 $163,796
CHRIS MAILANDER DIRECTOR EXHIBITS 40.00
Highest
$138,723 $21,489 $160,212
KRISHNA RICHARDSON DANIELS DIRECTOR COMMUNITY ENGAGEMENT 40.00
Highest
$136,736 $16,835 $153,571
DAVID LONGMIRE DIRECTOR FACILITIES 40.00
Highest
$142,566 $10,441 $153,007
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 $75,663,364 $30,000,457 $422,758,694 $45,662,907
2023 $65,311,789 $26,853,233 $372,294,422 $38,458,556
2022 $43,389,189 $24,336,514 $327,677,803 $19,052,675
2021 $40,753,721 $19,566,852 $316,961,475 $21,186,869
2020 $18,574,103 $17,843,155 $291,953,383 $730,948
2019 $28,399,588 $26,270,854 $285,677,859 $2,128,734
2018 $23,947,628 $23,769,517 $280,986,232 $178,111
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