Military Aviation Museum

Nonprofit profile at a glance

EIN
261290004
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Virginia Beach, VA, USA
Phone
7574903157
Rating
90
Verdict
STRONG
Rating confidence
Standard
Sector
Museum, Museum Activities

Official website

Reported finances

Revenue
$3,137,007
Expenses
$2,095,707
Assets
$3,988,034
Liabilities
$237,277

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

Leadership & pay

34 people listed

Executive titles in this filing

  • EDWARD GEORGE (PRESIDENT)
  • JOHN PETERSON (VICE PRESIDENT)
  • KEEGAN CHETWYND (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KEEGAN CHETWYND (EXECUTIVE DIRECTOR): $81,301 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 military aviation museum honors the heroes who built, flew and maintained america's military aircraft. By sharing their stories through exhibitions and events, we promote an understanding of history, science, service and sacrifice that will inspire and educate visitors of all ages.

What it reported doing in 2024

The museum also offers a monthly guest speaker series to the public, which is free with paid museum admission. Each month, different retired military personnel give a talk about his or her experiences with military aviation during world war two and immediately following. These presentations give visitors an opportunity to know the history more intimately by way of the personal stories told by pilots, navigators, gunners, ground crew and trainers. The museum typically follows the lecture with a flight demonstration of one of the museum's aircraft.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.1%; rating input score 67
  • Program expense ratio: 93.8%; rating input score 94
  • Fundraising efficiency: $412.3 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 33.2%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 1.9; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 12.6% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 18.9% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 67.1% of revenue deployed · 93.8% of spending went to programs
  • Governance: 31 of 31 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $81K · 34 people listed
  • Highest-paid contractors: 2 contractors listed · $525K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.