Aerospace Heritage Foundation of Ut

What it reported doing in 2024

Othe aerospace heritage foundation of Utah distributed funding for ten intern scholarships / fellowships during the spring, summer and fall of 2022 totaling 31,500 to university students. This included two Utah state university year-long fellowships. The 2024 recipients were: beruktawit gebreamlak curatorial columbia university cameron cabe education weber state university chris white restoration Utah state university elizabeth dougall education university of Utah gavin nelson education weber state university ivan coray restoration Utah state university jana brough curatorial Utah state university jeremiah everhart education weber state university megan fairbanks education Utah state university michelle bartlett curatorial Utah state university ofoundation executive director, robb alexander, along with, board chair, kevin sullivan and vice chair, barney chapman, continued to work closely with leadership and members of the Utah state legislature. Othe legislative affairs committees of the ogden/weber chamber of commerce, davis chamber of commerce, and northern Utah chamber coalition all listed hill aerospace museum as a top priority for legislative support and ongoing funding during the 2024 legislative session. Foundation executive director, robb alexander serves as the chair of both the of the davis chamber of commerce legislative affairs committee and the ogden weber chamber of commerce military affairs sub-committee. Ofoundation executive director, robb alexander continued to serve on the executive committee of the state of Utah museum advisory board. He was appointed by Utah governor spencer cox. Othe aerospace heritage foundation's flight line gift shop had a "booth" at the wings over the wasatch air & space show june 29, 30, 2024 at hill air force base. The gift shop experienced sales of more than 18,000 during those two days. Othe annual commander's cup golf tournament was held at the hubbard golf course on august 20, 2024. Thirty-two foursomes (128 paid participants along with 32 local golf professionals) for a total of 160 golfers participated. 50,160 was taken in with net funds raised for the hill aerospace museum was 36,933. Othe aerospace heritage foundation's flight line gift shop had a sales of 17,010 at the museum's open aircraft day september 21, 2024. Othe aerospace heritage foundation of Utah sponsored the annual hill aerospace museum volunteer appreciation luncheon held at the Texas roadhouse restaurant in layton, Utah on monday, december 9, 2024. Othe aerospace heritage foundation of Utah created three committees for board members to participate in. Those committees are fundraising / external relations, education, and restoration. Board members chairing the committees are max stitzer, fundraising / external relations; francesca suarez, education; mickey mcpartland, restoration. Othe final payment for the l. S. Skaggs gallery construction project in the amount of 54,642.55 was made on december 6, 2024. Odonation boxes, credit card donation kiosks, wishing wells, and the foto booth located in areas throughout the museum brought in 58,750 during 2024. O275,466.33 in gifts and grants were receipted by the aerospace heritage foundation from july through december of 2024 from 145 donors. Major gifts/grants included, 148,750 from the state of Utah, 50,000 from the northrop grumman foundation, 25,000 from the stewart education foundation 10,000 from america first credit union. Other major gifts throughout the year included 150,000 from sunset ridge development partners, 10,000 from the glam foundation, 12,000 from nasa space grant consortium, and gifts from swire coca-cola, kier construction, and the alan and jeanne hall foundation. 175,000 in ongoing funding was appropriated by the state legislature during the 2024 session for the hill aerospace museum. The funding is now a line item in the state of Utah budget. A total of 631,918 was received in gifts and grants during 2024. Otwenty museum aircraft are currently

Financial Efficiency

• Mission deployment rate: 93.8%; rating input score 94
• Program expense ratio: 87.7%; rating input score 88
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 57
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Limited
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.7%; rating input score 68; 68th percentile among comparable filings
• Total-asset coverage ratio: 2.07; rating input score 66; 66th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
• Officer compensation ratio: 17.6%; rating input score 18; 18th percentile among comparable filings

Growth

• Program expense growth: 15.9% per year; rating input score 100; 77th percentile among comparable filings
• Revenue growth: 15.1% per year; rating input score 100; 79th percentile among comparable filings
• Asset growth: 2.7% per year; rating input score 100; 28th percentile among comparable filings