Nonprofit · EIN 31-1028870
THE AVIATION MUSEUM OF KENTUCKY INC
Tax-exempt · LEXINGTON, KY 40510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,546,217 | $515,959 | $1,030,258 | $4,561,989 | $36,932 | $4,525,057 |
| December 31, 2023 | 990 | $719,895 | $311,349 | $408,546 | $3,364,604 | $5,260 | $3,359,344 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,184,380
- of which government grants
- $1,000,000
- Program service revenue
- $224,792
- Investment income
- $144,189
- Net rental income
- $7,062
- Net gain from sales of assets
- $21,559
- Net income from fundraising events
- -$35,134
- Net income from sales of inventory
- $20,928
- Other revenue
- -$7,144
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $63,217
- Other salaries and wages
- $68,921
- Salaries, compensation and benefits (total)
- $145,751
- Professional fundraising fees
- $27,000
- Legal fees
- $1,050
- Accounting fees
- $11,881
- Travel
- $2,570
- Depreciation
- $9,219
- Program services (functional)
- $350,658
- Management and general (functional)
- $124,356
- Fundraising (functional)
- $40,945
Balance sheet and other
- Total assets, start of year
- $3,364,604
- Total assets, end of year
- $4,561,989
- Total liabilities, end of year
- $36,932
- Net assets, end of year
- $4,525,057
- Land, buildings and equipment
- $48,207
- Publicly traded securities
- $2,800,000
- Net assets without donor restrictions
- $2,125,057
- Net assets with donor restrictions
- $2,400,000
- Gross receipts
- $1,619,416
- Employees
- 6
- Volunteers
- 85
- Year formed
- 1981
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TINA NANCE | EXECUTIVE DIRECTOR Officer | 40 | $60,169 | $3,048 |
| RONALD MCBRIDE | CHAIR AND TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| DEAN HAMMOND | VICE-CHAIR AND TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| SHERRY LEMASTER | TREASURER AND TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| CHRIS CAMPBELL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JIM MCCORMICK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| EDWARD B MURPHY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT RIGGS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEWART DITTO | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BOB JONES | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEVE JACKSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GARY LOWE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN PATTERSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TANNER PERDUE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ED ROBIE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILMA WALKER | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM MCCORMICK | CHAIR AND TRUSTEE Trustee or director, Officer | 1 | $0 |
| ED MURPHY | TREASURER AND TRUSTEE Trustee or director, Officer | 1 | $0 |
| GARY CAMPBELL | TRUSTEE Trustee or director | 0.5 | $0 |
| JERRY LANDRETH | TRUSTEE Trustee or director | 0.5 | $0 |
| GARY LOWE | TRUSTEE Trustee or director | 0.5 | $0 |
| MIKE MALONE | TRUSTEE Trustee or director | 0.5 | $0 |
| BETTY MURPHY | TRUSTEE Trustee or director | 0.5 | $0 |
| MARGIE RIGGS | TRUSTEE Trustee or director | 0.5 | $0 |
| ROBERT RIGGS | TRUSTEE Trustee or director | 0.5 | $0 |
| ROGER STORCH | TRUSTEE Trustee or director | 0.5 | $0 |
| DOUG STEELE | TRUSTEE Trustee or director | 0.5 | $0 |
| DEMETRIA BLAIR | TRUSTEE Trustee or director | 0.5 | $0 |
| STEWART DITTO | TRUSTEE Trustee or director | 0.5 | $0 |
| BOB JONES | TRUSTEE Trustee or director | 0.5 | $0 |
| SHERRY LEMASTER | TRUSTEE Trustee or director | 0.5 | $0 |
| RONALD MCBRIDE | TRUSTEE Trustee or director | 0.5 | $0 |
| EDWARD ROBIE | TRUSTEE Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4029 AIRPORT RD STE 100, LEXINGTON, KY 40510-9682
- In care of
- % POTTER & COMPANY LLP
- Principal officer (990 for 2024)
- SHERRY LEMASTER, 4029 AIRPORT ROAD, LEXINGTON, KY 405109682
- Signed the 990
- SHERRY LEMASTER, TREASURER
- Phone
- (859) 231-1219
- Website
- WWW.AVIATIONKY.ORG
- Return prepared by
- BLUE & CO LLC
Mission
EDUCATING YOUNG PEOPLE ABOUT AVIATION'S CAREER POTENTIAL. EXHIBITS ATTRACT APPROXIMATELY 10,000 STUDENTS TO LEXINGTON'S BLUE GRASS AIRPORT EACH YEAR. VISITORS LEARN ABOUT THE SCIENCE OF FLIGHT, AND ABOUT ITS HISTORY. THEY LEARN HOW KENTUCKY HAS HELPED SHAPE THE FIELD THAT HAS SO SHAPED THE WORLD.
Program accomplishments
- THE ORGANIZATION SEEKS TO PRESERVE AND SAFEGUARD HISTORIC AVIATION MATERIALS AND TO PROMOTE EDUCATION IN AVIATION HISTORY.Expenses $350,658 · revenue $224,792
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1028870
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $4,561,989
- Income (IRS master file)
- $1,619,416
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,546,217 | $515,959 | $4,561,989 | IRS |
| 990 | December 2023 | $719,895 | $311,349 | $3,364,604 | XML |
| 990 | December 2022 | $513,784 | $282,715 | $3,167,529 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1028870).
Questions about THE AVIATION MUSEUM OF KENTUCKY INC
- What is the EIN of THE AVIATION MUSEUM OF KENTUCKY INC?
- The employer identification number (EIN) of THE AVIATION MUSEUM OF KENTUCKY INC is 31-1028870.
- Is THE AVIATION MUSEUM OF KENTUCKY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE AVIATION MUSEUM OF KENTUCKY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE AVIATION MUSEUM OF KENTUCKY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE AVIATION MUSEUM OF KENTUCKY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE AVIATION MUSEUM OF KENTUCKY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE AVIATION MUSEUM OF KENTUCKY INC?
- The 990 for the year ended December 31, 2024 names SHERRY LEMASTER.
- Who are the officers and directors of THE AVIATION MUSEUM OF KENTUCKY INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $60,169 (TINA NANCE, EXECUTIVE DIRECTOR).
- How much revenue does THE AVIATION MUSEUM OF KENTUCKY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,546,217, expenses of $515,959 and total assets of $4,561,989 at year end.
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All nonprofits in LEXINGTON · Kentucky · Arts, culture and humanities