Overview
What is Aviation Museum Of Kentucky Inc?
Aviation Museum of Kentucky Inc, located at 4029 Airport Road, Lexington, KY 40510, is a dedicated nonprofit organization. Its primary mission is to preserve and safeguard historical aviation materials, while promoting education in the field of aviation history. The organization's activities are centered around educating young people about the career prospects in the aviation industry. Every year, around 10,000 students visit Lexington's Blue Grass Airport, benefiting from exhibits that introduce them to the science of flight and its rich history. Moreover, the museum plays a significant role in showcasing how Kentucky has contributed to shaping this influential sector that has significantly impacted the world. With a small workforce of just 4 individuals, the Aviation Museum of Kentucky Inc continues to inspire and educate visitors about the fascinating world of aviation.
Official website here: www.aviationky.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Aviation Museum of Kentucky Inc has achieved a solid rating of 84%, indicating a commendable level of accountability and financial health. With a strong performance in areas such as board independence and the absence of material asset diversion, the organization demonstrates a commitment to maintaining integrity and transparency in its operations.
The museum's program expense ratio of 70.31% signifies that a significant portion of its funds is directed towards its mission-related activities, which is a positive indicator for potential donors. However, the organization faces some challenges as it lacks key policies, including conflict of interest, whistleblower, and document retention policies, which may raise concerns about governance practices.
Overall, while the Aviation Museum of Kentucky Inc shows strengths in financial management and independent oversight, addressing the noted policy gaps would enhance its credibility and operational efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Aviation Museum Of Kentucky Inc legitimate?
Aviation Museum Of Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aviation Museum Of Kentucky Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $25,000
Other Salaries and Wages: $44,415
For more financial information, click here
Official website here: www.aviationky.org
What is the mission statement of Aviation Museum Of Kentucky Inc?
The Aviation Museum of Kentucky Inc is dedicated to promoting education in the aviation industry. Its primary mission is to educate young people about the career potential in aviation. This is achieved through exhibits that attract around 10,000 students annually to Lexington's Blue Grass Airport. Visitors to the museum gain insights into the science of flight and its rich history. The organization also seeks to preserve and safeguard historic aviation materials, contributing to the preservation of aviation history.
Official website here: www.aviationky.org
Who is the CEO of Aviation Museum Of Kentucky Inc?
Edward B Murphy is the Chair And Trustee of Aviation Museum Of Kentucky Inc.
Official website here: www.aviationky.org
What is the revenue of Aviation Museum Of Kentucky Inc?
Aviation Museum Of Kentucky Inc's revenue in 2022 was $513,784.
Official website here: www.aviationky.org
Who are the executives of Aviation Museum Of Kentucky Inc and what are their salaries?
The average compensation at Aviation Museum Of Kentucky Inc during 2022 was $11,104. There are 4 employees and 90 volunteers at Aviation Museum Of Kentucky Inc.
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Official website here: www.aviationky.org
Where can I find the form 990 for Aviation Museum Of Kentucky Inc?
Aviation Museum Of Kentucky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aviationky.org
Learn more at the official website: www.aviationky.org
Mission Statement of Aviation Museum Of Kentucky Inc
The Aviation Museum of Kentucky Inc is dedicated to educating young people about the vast career opportunities in the aviation industry. Through engaging exhibits, the museum attracts approximately 10,000 students annually to Lexington's Blue Grass Airport. Visitors to the museum gain a comprehensive understanding of the science of flight and its rich history. The organization also plays a significant role in shedding light on Kentucky's role in shaping this influential field that has had such an impact on the world. Beyond its educational mission, the Aviation Museum of Kentucky Inc works diligently to preserve and safeguard historic aviation materials, promoting education in aviation history.
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Impact
July, 2024
The Aviation Museum of Kentucky Inc's impact lies in its dedication to educating young people about the aviation industry, its career potential, and the significance of aviation history. Through their exhibits, the museum attracts approximately 10,000 students to Lexington's Blue Grass Airport each year. Visitors, both young and old, learn about the science of flight and how Kentucky has played a role in shaping the aviation field that has had a profound impact on the world. By preserving historic aviation materials and promoting education in aviation history, the museum contributes to the enrichment of knowledge and appreciation for the aviation industry, making it a valuable resource for the community and beyond.
This information is meant to be a general summary of Aviation Museum Of Kentucky Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $127,281
- Program Service Revenue: $212,927
- Gross Receipts: $946,388
Assets and Liabilities:
- Total Assets: $3,167,529
- Total Liabilities: $158
- Net Assets: $3,167,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMPS
Revenue
$120,459
ADMISSIONS
Revenue
$80,461
MEMBERSHIP DUES
Revenue
$9,211
PROGRAMS AND OTHER
Revenue
$2,796
Organization Details
Founding Year
1981
Phone
(859) 231-1219Principal Officer
Edward B Murphy
Main Address
4029 AIRPORT ROAD, LEXINGTON, KY, 405109682
Website
www.aviationky.orgNTEE Category
Code: A540 - Arts
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