World Aviation Museum Corp: Nonprofit Profile, Financials & Form 990 (EIN 46-1459849)

Revenue by fiscal year
FY2020	−$4K
FY2021	$160K
FY2022	$28K
FY2023	$16K
FY2024	−$58K

Expenses by fiscal year
FY2020	$87K
FY2021	$108K
FY2022	$105K
FY2023	$103K
FY2024	$87K

Net assets by fiscal year
FY2020	$398K
FY2021	$450K
FY2022	$373K
FY2023	$285K
FY2024	$245K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $87K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

William Geipel

President

$0Pt VII · Sec A

Cheryl Geipel

Secretary - Treasurer

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public about aviation history through aircraft displays and exhibits.

Provided by the organization

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1 program service account for $87K of program spending, described in the organization's own filed words · FY2024.

01

Museum Operations

Preserve Older Aircraft For The Public

$87Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$58K

Ln 12

Gifts and grantsLn 1h$6K

Money outPt IX

$87K

Ln 25

Programscol B$87K

Owns and owesPt X

$245K

net assets · Ln 32

Cash and savingsLn 1–2$75K

Total assetsLn 16$245K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6K

Noncash giftsLn 1g$80K

Gains on assetsLn 7−$64K

Total revenueLn 12−$58K

Assets in detailPt X, end of year

CashLn 1$75K

Cash and savings togetherLn 1–2$75K

Land, buildings, equipmentLn 10c$170K

Total assetsLn 16$245K

LiabilitiesLn 26$0

Net assetsLn 32$245K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$90K	$75K
Land, buildings, equipmentLn 10c	$183K	$170K
Total assetsLn 16	$285K	$245K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$285K	$245K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$2K	$2K
OccupancyLn 16	$19K	$19K
Depreciation, depletion and amortizationLn 22	$54K	$54K
Other expenses (24a–d)Ln 24	$13K	$13K
Total functional expensesLn 25	$87K	$87K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	−$58K	$87K	−$145K	$245K	990 PDF
FY2023	$16K	$103K	−$87K	$285K	990 PDF
FY2022	$28K	$105K	−$77K	$373K	990 PDF
FY2021	$160K	$108K	$52K	$450K	990 PDF
FY2020	−$4K	$87K	−$91K	$398K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (4 parts)

Part VIII · Statement of revenue −$58,000 across 5 lines filed

VIII-1f All other contributions, gifts and grants$6,000

VIII-1g Noncash contributions (included above)$80,000

VIII-1h Total contributions, gifts and grants$6,000

VIII-7 Net gain or loss on sales of assets−$64,000

VIII-12 Total revenue−$58,000

Part IX · Statement of functional expenses $87,347 across 4 lines filed

IX-13 Office expensesPrograms $1,500$1,500

IX-16 OccupancyPrograms $19,000$19,000

IX-22 Depreciation, depletion and amortizationPrograms $53,935$53,935

IX-24 Other expenses (24a–d)Programs $12,912$12,912

IX-25 Total functional expensesPrograms $87,347 · Management $0 · Fundraising $0$87,347

Part X · Balance sheet $245,065 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $90,004$74,946

X-10c Land, buildings and equipment, netStart of year $183,114$170,119

X-16 Total assetsStart of year $285,472$245,065

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $285,472$245,065

X-32 Total net assets or fund balancesStart of year $285,472$245,065

X-33 Total liabilities and net assetsStart of year $285,472$245,065

Part XI · Reconciliation of net assets $245,065 net assets at year end

XI-1 Total revenue−$58,000

XI-2 Total expenses$87,347

XI-3 Revenue less expenses−$145,347

XI-4 Net assets at start of year$285,472

XI-9 Other changes in net assets$104,940

XI-10 Net assets at end of year$245,065

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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