Patuxent River Naval Aviation Museum Foundation

Nonprofit profile at a glance

EIN
474692250
IRS 990-EZ coverage
2021–2022
Forms available
Form 990-EZ 2022
Location
Lexington Park, MD, USA
Phone
3014813301
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Museum, Museum Activities

Reported finances

Revenue
$6,674
Expenses
$57,348
Assets
$0
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Mark W Darrah (President, Board of Directors)
  • Donald Stuart Young (Vice President and Secretary)

People named in this filing

  • Mark W Darrah (President, Board of Directors)
  • Donald Stuart Young (Vice President and Secretary)
  • Damian Macone (Treasurer)

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

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

Overview

Mission

The Patuxent River Naval Aviation Museum Foundation is dedicated to the preservation of the Research, Development, Test and Evaluation history of Naval Aviation Combat Systems and the education of future generations regarding all elements of this history. The Foundation achieves its goals by supporting the archival and educational efforts of Patuxent River Naval Air Museum through the accession and distribution of resources which are typically focused on strategic issues and major growth initiatives. The Foundation will undertake a broad range of activities though various media to solicit gifts from individuals, organizations, corporations, trusts, and bequests, etc. The Foundation will also develop targeted grant proposals intended to support reservation, education and exhibit needs. All Foundation Directors, Officers and any support staff are volunteers and are not compensated any way.

What it reported doing in 2022

Donated remaining assets of the Naval Aviation Museum Foundation to the Patuxent River Naval Air Museum Association in disolving the Foundation

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.6%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -759.3%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 199.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -45.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $57K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2021 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 — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.