Octave Chanute Aerospace Heritage
Nonprofit profile at a glance
- EIN
- 371282931
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990-EZ 2012
- Location
- Rantoul, IL, USA
- Phone
- 2178931613
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Limited
- Sector
- History Museums
Reported finances
- Revenue
- $136,320
- Expenses
- $151,313
- Assets
- $251,798
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
12 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation's purpose is to collect, restore, and maintain artifacts, documents, photographs and aircraft to display, exhibit, and educate the general public, and in particular, the greater Champaign County area, that will serve as focal point for aerospace education in the USA and specifically in the East Central Illinois area.
What it reported doing in 2012
The Organization accomplishes its mission through the operation of a museum in Rantoul, Illinois. The aerospace museum collects, restores, and maintains artificats, documents, photographs, and aircraft for display and exhibit to the general public. The museum preserves and educates the public in the history of Chanute AFB and Illinois avaition on its contribution to the U.S Armed Forces.
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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 29
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.9%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -11%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 90.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $138K in reported program spending
- Leadership: top reported pay $43K · 12 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Money network: 3 filed money-flow records
- 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 — Sustainability: Operating margin scored 13/100.