World Aviation Museum Corp

Woodville, WI · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
−$58K
-462% vs prior year
Spent
$87K
To programs
100%
Net assets
$245K
By yearFY2020–FY2024
Revenue
−$58K
FY2024▼ -462%
Revenue by fiscal year
FY2020−$4K
FY2021$160K
FY2022$28K
FY2023$16K
FY2024−$58K
Expenses
$87K
FY2024▼ -15%
Expenses by fiscal year
FY2020$87K
FY2021$108K
FY2022$105K
FY2023$103K
FY2024$87K
Net assets
$245K
FY2024▼ -14%
Net assets by fiscal year
FY2020$398K
FY2021$450K
FY2022$373K
FY2023$285K
FY2024$245K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CWorld Aviation Museum Corp
EINHdr · item D46-1459849
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 2013
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWoodville, WI
NTEE classificationIRS BMFArts & Culture (A50)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$87K
Total functional expensesLn 25$87K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
122.4mo
months of highly liquid reserves at operating expense rate▲ ×12 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$245K
FY2024▼ -14%
Total assets by fiscal year
FY2020$398K
FY2021$518K
FY2022$392K
FY2023$285K
FY2024$245K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$68K
FY2022$19K
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$145K
Total assetsPt X · Ln 16$245K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$245K
Total liabilitiesLn 26$0
Total net assetsLn 32$245K
Months of cash on handcomputed10.3
Total revenueLn 12−$58K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $75K · Operating expenses (Pt IX) $87K · Less non-cash grants $80K · Cash operating expenses/yr $7K
122.4 months
Where the money goes
Program services
Program services $87K · Total expenses $87K
100%
Management & General
Management & general $0 · Total expenses $87K
0%
Fundraising
Fundraising $0 · Total expenses $87K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $14K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue −$58K
—
Government reliance
Government grants — · Total revenue −$58K
—
Earned-income share
Program service revenue $0 · Total revenue −$58K
—
Investment reliance
Investment income −$64K · Total revenue −$58K
—
Program self-sufficiency
Program service revenue $0 · Total expenses $87K
0%
Growth & trend
Revenue growth (YoY)
This year −$58K · Prior year $16K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $245K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue −$58K · Expenses $87K
—
Liabilities-to-Assets
Total liabilities — · Total assets $245K
—
Net-asset ratio
Net assets $245K · Total assets $245K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $245K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Geipel · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $87K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -462%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary - Treasurer
$0Pt VII · Sec A
See World Aviation Museum Corp executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

Provided by the organization

This section is blank until World Aviation Museum Corp claims this page.

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Mission & Programs · Part III

Where the work happens

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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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing −$58K$87K-462% 990 PDF
FY2023 $16K$103K-42% 990 PDF
FY2022 $28K$105K-83% 990 PDF
FY2021 $160K$108K×43 990 PDF
FY2020 −$4K$87K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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