2013-03-29T12:38:07-05:00 2012-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2012-01-01 237181972 National Skydiving Museum NATI 5406049745 5401 Southpoint Centre Boulevard Fredericksburg VA 22407 Christopher J Needels 5406049745 2013-03-24 1 Nicole M Simon CPA P01315245 7038930300 2013-03-20 2012 2016-02-25 16:41:14Z Lenny Potts 5401 Southpoint Centre Boulevard Fredericksburg VA 22407 420031 0 X www.skydivingmuseum.org X 1972 DC To promote awareness of skydiving. 9 9 1 15 0 0 298095 371518 0 0 5100 16069 0 0 303195 387587 0 0 0 0 49748 56398 0 0 26585 37241 55542 86989 111940 216206 275647 2418328 2691132 6523 3680 2411805 2687452 X The purpose of the National Skydiving Museum is to recognize and promote the sport of skydiving through public education and awareness; recognize the contribution to skydiving by its participants, suppliers and supporters; capture forever the history of the sport via its events, equipment, and personalities; and enhance aviation safety as it pertains to skydiving. 1 0 26354 Promote awareness and understanding of the sport of skydiving, preserve the history of skydiving, enhance aviation safety, and to build a museum dedicated to the sport. 26354 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 AL AR CA CT FL HI KS IL KY ME MO NH NJ NY NC OH OK OR SC TN UT VA DC AK AZ CO GA MD MA ND MN NC PA RI WA WV WI NM X The Museum 5406049745 5401 Southpoint Centre Boulevard Fredericksburg VA 22407 X L Len Potts 5.00 X X 0 0 0 Curt Curtis 5.00 X X 0 0 0 Christopher Needels 5.00 X X 0 0 0 Gene Paul Thacker 1.00 X X 0 0 0 Tim D'Annunzio 1.00 X 0 0 0 Don Jenkins 1.00 X 0 0 0 Dan Poynter 1.00 X 0 0 0 Dori Bachman 1.00 X 0 0 0 Cliff Schmucker 1.00 X 0 0 0 BJ Worth 1.00 X 0 0 0 0 0 0 0 0 0 0 0 73462 298056 371518 16069 16069 32444 73462 32444 0 387587 0 0 16069 52903 17162 18616 17125 3495 1134 1230 1131 4745 4745 5364 2962 2402 12459 1659 9141 1659 3567 762 2043 762 11259 11259 2766 285 2056 425 1376 1376 1373 1373 Benefit to donor 4270 2090 25 2155 Corp./reg. fees 3368 2977 391 Miscellaneous 2550 300 1715 535 Bank charges 2445 2445 111940 26354 59001 26585 157259 211182 705384 924265 500 500 1555185 1555185 1555185 2418328 2691132 6523 3680 6523 3680 X 2092950 2335162 318855 352290 2411805 2687452 2418328 2691132 275647 0 X X 0 1 X 1 0 X 266372 243266 268450 298095 371518 1447701 266372 243266 268450 298095 371518 1447701 729935 717766 1660 1923 3406 5100 16069 28158 1475859 0.48630 0.38970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 1555185 1555185 1555185 X 420031 32444 32444 387587 0 387587 144384 32444 32444 111940 0 111940 Part III, Line 1a: In accordance with industry practice, the Organization's donated collection items for the museum are not capitalized and recognized as assets on the statement of financial position. Upon completion of the museum construction, the Organization will hold its collections for public exhibition, education, and research rather than for financial gain. It protects, cares for, preserves, and keeps its collections unencumbered, subject to a policy that requires proceeds from sales of these items to be used to purchase additional collection items. Part III, Line 4: The Organization's collection items include historical skydiving-related items, which help to educate the public and promote skydiving. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Management evaluated the organization's tax positions and concluded that its financial statements do not contain any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Direct benefits for donors 32,444. Part XII, Line 2d - Other Adjustments: Direct benefits to donors 32,444. 2012 Hall of Fame 105906 73462 32444 14392 18052 105906 73462 32444 14392 18052 32444 0 New Program Services Form 990, Part III, line 2 In 2012, a larger scale fundraiser took place than in 2011 which included a weekend of skydiving activities in addition to the Hall of Fame dinner; the event was held in November 2012 in Eloy, AZ. Form 990, Part VI, Section A, line 8b The Museum's Board of Trustees has several ad hoc committees which will perform certain tasks and report to the Board on the status of such activities. However, there are no additional formal committees with standing members or official meetings. Form 990, Part VI, Section B, line 11 A copy of the Form 990 is first reviewed and approved by the Museum Administrator. Upon Museum Administrator's approval, it is forwarded to the Board of Trustees, or an approved representative of the Board of Trustees, to review the Form 990 prior to submission. Form 990, Part VI, Section B, line 12c Each trustee and officer is required to review a copy of the conflict of interest policy, which requires each person to disclose any relationships, positions or circumstances in which he or she believes could contribute to a conflict. Following full disclosure of a possible conflict of interest, the Board of Trustees shall determine whether a conflict of interest exists and, if so the Board shall vote to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the Museum's best interests. Form 990, Part VI, Section C, line 18 The Museum makes its Form 1023 available upon request. The Museum makes available a public disclosure copy of its Federal Form 990 upon request and on Guidestar. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are made available to the public upon request only. Form 990, Part XII, Line 2c: The Board of Trustees assumes responsibility for oversight of the audit, including selection of independent accountant. This process is consistent with the prior year.