Alaska Aviation Museum Endowment

Nonprofit profile at a glance

EIN
822633799
IRS 990 coverage
2017–2022
Forms available
Form 990 2022, Form 990-EZ 2018
Location
Anchorage, AK, USA
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.*

Reported finances

Revenue
$28,358
Expenses
$31,967
Assets
$728,578
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Orin Seybert (Past President)
  • Nancy Schierhorn (Co-President)
  • Mary Witte (Co-President)
  • Phyllis Kilgore (Executive Director)

People named in this filing

  • Orin Seybert (Past President)
  • Rick Richter (Board Member)
  • Nancy Schierhorn (Co-President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the Alaska Aviation Museum Endowment is to enhance and ensure the financial security of the Alaska Aviation Museum now and for future generations.

What it reported doing in 2022

The Alaska Aviation Museum Board of Directors created the Alaska Aviation Museum Endowment (AAME) to provide a sustainable source of revenue for the Museum to maintain and expand its collections and introduce new exhibits. In doing so, we will provide for the growth, stability and continuation of the Museum and the preservation of Alaskas aviation history in perpetuity.

Operating model

Revenue model
Investment-supported. 79% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • 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; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.7%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 22.79; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 76.9% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -46.2% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2017 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.