International Women's Air & Space Museum Inc

Nonprofit profile at a glance

EIN
310889469
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Cleveland, OH, USA
Phone
2166231111
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
History Museums

Official website

Reported finances

Revenue
$207,319
Expenses
$162,420
Assets
$778,130
Liabilities
$217,644

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MARCY FRUMKER (PRESIDENT)

Highest reported compensation

  • SARA FISHER (EXECUTIVE DI): $45,424 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the international women's air & space museum is to collect, preserve, and showcase the history and culture of women in all areas of aviation & aerospace; educate people of the world about their contributions; and inspire future generations by bringing the history to life.

What it reported doing in 2024

Collections iwasm's collection contains approximately 20,000 historical and cultural objects, photographs, archival materials, and books relating to the contributions and history of women in air and space. In addition, our reference archive holds more than 6,000 items. The earliest items in the collection date to approximately 1880 and iwasm is an actively collecting institution for contemporary collections. In total, the museum's collections document the lives and careers of women in all areas of aviation and aerospace including pilots, air traffic controllers, engineers, flight attendants, astronauts, balloonists, and more. In 2023, the organization continued its progress on a collections inventory and rehousing project supported by the national endowment for the humanities (neh); project period 11/1/2022-3/31/2024. Thanks to this funding, the museum will enhance and update its collections storage environments to ensure that items can be better accessed. One such method of access if through exhibits and to facilitate organizational research, providing educational programming, and as resources for external researchers. Not all iwasm collections are accessible online. What are, can be found by visiting: www.iwasm.omeka.net

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.3%; rating input score 45
  • Program expense ratio: 41.2%; rating input score 41
  • Fundraising efficiency: $11.43 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 21.7%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 4.79; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 28%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -8.6% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 45.3% of revenue deployed · 41.2% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $67K in reported program spending
  • Leadership: top reported pay $45K · 10 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 41/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 43/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.