2011-11-08T08:39:26-06:00 2010-12-31 O'SULLIVAN CREEL LLP 316 SOUTH BAYLEN ST SUITE 300 PENSACOLA FL 32502 990 2010-01-01 596178237 NAVAL AVIATION MUSEUM FOUNDATION INC NAVA 8504532389 POST OFFICE BOX 33104 PENSACOLA FL 32508 STEVE FLINT 8504532389 2011-08-01 1 MARGARET N 'MCGEE' LORREN 8504357400 2010 2016-03-07 17:11:31Z VADM GERALD L HOEWING U 1750 RADFORD BOULEVARD SUITE B PENSACOLA FL 32508 27016164 0 X WWW.NAVALAVIATIONMUSEUM.ORG X 1980 FL TO BE THE BEST IN THE WORLD, SELF-SUSTAINING FOUNDATION THAT ENGAGES AND EDUCATES THE PUBLIC BY SUPPORTING AND PROMOTING THE NATIONAL NAVAL AVIATION EXPERIENCE, NAVAL AVIATION AND AVIATION-INSPIRED EDUCATIONAL PROGRAMS. 61 60 122 17 0 0 4670533 8663154 1685381 1569197 -704101 349203 964660 1052617 6616473 11634171 0 0 0 0 0 245620 0 0 235812 5659492 5871826 5659492 6117446 956981 5516725 33694845 22358905 3561573 1582591 30133272 20776314 X TO BE THE BEST IN THE WORLD, SELF-SUSTAINING FOUNDATION THAT ENGAGES AND EDUCATES THE PUBLIC BY SUPPORTING AND PROMOTING THE NATIONAL NAVAL AVIATION MUSEUM EXPERIENCE, NAVAL AVIATION AND AVIATION-INSPIRED EDUCATIONAL PROGRAMS. 0 0 1701548 MUSEUM SUPPORT-CONTRIBUTES TO THE DEVELOPMENT OF EXHIBITS, INCLUDING ARTIFACT REWORK AND MAINTENANCE, AND TO MUSEUM OPERATIONAL REQUIREMENTS. 814543 FLIGHT ACADEMY UTILIZES NAVAL AVIATION AND SPACE EXPERIENCES AND CONCEPTS TO MOTIVATE YOUNG PEOPLE TO PURSUE THE STUDY OF TECHNICAL, ENGINEERING AND MATH IN ORDER TO PURSUE CAREERS IN TECHNICAL FIELDS. 927793 971029 THE FILM PROJECT AND IMAX THEATER SERVE THOUSANDS OF VISITORS BY EDUCATING THE PUBLIC ON THE IMPORTANT ROLE OF UNITED STATES NAVAL AVIATION THROUGH FILMS THAT DOCUMENT THE HISTORY OF FLIGHT AND THE HISTORY OF THE "BLUE ANGELS", AS WELL AS OTHER ASPECTS OF NAVAL EXPERIENCE. 163700 18063 THE FLIGHT ADVENTURE DECK WILL TAKE A HANDS-ON APPROACH TO TEACHING PRINCIPLES OF MATH AND SCIENCE, WHICH ARE INTEGRAL TO AVIATION, TO APPROX. 6,000 5TH THROUGH 6TH GRADE STUDENTS. 183626 MEMBERSHIP 864032 674355 DEVELOPMENT 206348 377750 THE FLIGHT SIMULATOR ALLOWS VISITORS AND STUDENTS THE OPPORTUNITY TO EXPERIENCE THE SIMULATION OF ACTUAL FLIGHT TAKE-OFF AND LANDING. THIS EDUCATES AND BUILDS INTEREST IN THE NAVY AND THE MUSEUM. 1417706 1070168 4861590 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 X 22 0 122 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 61 60 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 0 1 1 0 X STEVE FLINT CFO 8504532389 NAS PENSACOLA PENSACOLA FL 32508 VADM GERALD L HOEWING USN RET 45.00 X X 110188 0 0 STEPHEN A FLINT 45.00 X X 75506 0 0 CAPT CHARLES E ELLISJR JAGC RET 45.00 X X 59926 0 0 ADMIRAL STANLEY R ARTHUR RET 1.00 X 0 0 0 DIONEL M AVILES 1.00 X 0 0 0 VICE ADM MICHAEL L BOWMAN USN RET 1.00 X X 0 0 0 REAR ADM JOHN E BOYINGTONJR USN RET 1.00 X 0 0 0 WILLIAM PAT BREWSTER 1.00 X 0 0 0 CHARLES THOMAS BURBAGE 1.00 X 0 0 0 NINA HESS CAMPBELL 1.00 X 0 0 0 CAPTAIN EUGENE A CERNAN USN RET 1.00 X 0 0 0 PAUL KY CHEN 1.00 X 0 0 0 CHRISTOPHER CHADWICK 1.00 X 0 0 0 THE HONORABLE LACEY A COLLIER 1.00 X 0 0 0 VICE ADM VIVIEN CREA USCG RET 1.00 X 0 0 0 PATRICK J FINNERAN JR 1.00 X X 0 0 0 REAR ADM GEORGE M FURLONG JR USN RE 1.00 X 0 0 0 H LAWRENCE GARRETT III 1.00 X 0 0 0 WM BRITTON GREENE 1.00 X 0 0 0 HENRY E GONZALEZ JR 1.00 X 0 0 0 REAR ADM HAROLD E GRANT JAGCUSN RET 1.00 X 0 0 0 COL WALTER P HAVENSTEIN USMC RET 1.00 X 0 0 0 CAPTAIN MORRIS L HAYES USN RET 1.00 X 0 0 0 REAR ADMIRAL GARY R JONES USN RET 1.00 X 0 0 0 ADMIRAL TIMOTHY J KEATING USN RET 1.00 X 0 0 0 ADMIRAL ROBERT J KELLY USN RET 1.00 X 0 0 0 CAPTAIN THOMAS C KINGJR USCG RET 1.00 X 0 0 0 RICHARD M KLEBERG III 1.00 X 0 0 0 REAR ADM FREDERICK L LEWIS USN RET 1.00 X 0 0 0 VICE ADM JOHN A LOCKARD USN RET 1.00 X 0 0 0 GENERAL ROBERT MAGNUS USMC RET 1.00 X 0 0 0 VICE ADM MICHAEL D MALONE USN RET 1.00 X 0 0 0 REAR ADM JAMES MASLOWSKI USN RET 1.00 X 0 0 0 VICE ADM WALTER B MASSENBURG USN RE 1.00 X 0 0 0 VICE ADM JOHN J MAZACH USN RET 1.00 X 0 0 0 LIEUT GEN FREDERICK MCCORKLE USMC R 1.00 X 0 0 0 THE HONORABLE DAN MCKINNON 1.00 X 0 0 0 J COLLIER MERRILL 1.00 X 0 0 0 THE HONORABLE JEFF MILLER 1.00 X 0 0 0 ARTHUR D MILTENBERGER 1.00 X 0 0 0 COM W LINCOLN MOSSOP JR USNR RET 1.00 X 0 0 0 ERIC NICKELSEN 1.00 X 0 0 0 GENERAL WILLIAM L NYLAND USMC RET 1.00 X 0 0 0 DAVID ORECK 1.00 X 0 0 0 JAMES W PELLERIN 1.00 X 0 0 0 THE HONORABLE BJ PENN 1.00 X 0 0 0 MICHAEL PETTERS 1.00 X 0 0 0 LIEUT GEN CHARLES H PITMAN USMC RET 1.00 X 0 0 0 LARRY M POST 1.00 X 0 0 0 VICE ADM WILLIAM E RAMSEY USN RET 1.00 X 0 0 0 DURWOOD W RINGO JR 1.00 X 0 0 0 CAPTAIN E EARLE ROGERS II USN RET 1.00 X 0 0 0 TIMOTHY RUSSELL 1.00 X 0 0 0 RAY D RUSSENBERGER 1.00 X 0 0 0 VICE ADM ROBERT F SCHOULTZ USN RET 1.00 X 0 0 0 ADMIRAL LEIGHTON W SMITH USN RET 1.00 X 0 0 0 DR RICH SUGDEN 1.00 X 0 0 0 BOBBY SWITZER 1.00 X 0 0 0 ANDREW C TAYLOR 1.00 X 0 0 0 ALEXIS THOMAS 1.00 X 0 0 0 E DUKE VINCENT 1.00 X 0 0 0 WHF WILTSHIRE ESQ 1.00 X 0 0 0 BARBARA WOODBURY 1.00 X 0 0 0 245620 0 0 1 0 0 0 0 210186 83113 146136 8223719 332200 8663154 IMAX THEATER 512000 971029 971029 SIMULATOR 900099 377750 377750 EDUCATION 900099 220418 220418 1569197 356419 356419 42516 42516 13580055 13587271 -7216 -7216 -7216 56135 83113 130789 -74654 -74654 2273148 1663933 609215 609215 GULF OIL SPILL INCOME 900099 472000 472000 OTHER INCOME 900099 3540 3540 475540 11634171 2041197 0 929820 245620 169478 68774 7368 35900 35900 81124 23293 57831 102447 90132 12315 474497 317271 600 156626 167587 143540 23542 505 164129 124916 36463 2750 133556 104713 28843 63587 49157 13759 671 178548 105009 61079 12460 132304 83340 48964 48632 7229 41403 LEASED EMPLOYEES 2081086 1438260 587394 55432 DIRECT MUSEUM SUPPORT 1641154 1641154 THEATER/SIMULATOR COSTS 387552 387552 REPAIRS & MAINTENANCE 112817 109640 3177 SYMPOSIUM EVENT EXPENSE 66906 66906 6117446 4861590 1020044 235812 1028186 1852253 5258923 1264250 3520491 5949193 51856 7499 587583 633877 18113 23270 1441542 559727 448396 881815 22440071 10856313 341226 890435 33694845 22358905 3419779 1436948 141794 145643 3561573 1582591 X 3381596 4518629 21061567 10141462 5690109 6116223 30133272 20776314 33694845 22358905 X 5516725 -14873683 X 0 1 1 X 0 X X 0 0 0 US NAVY 311575142 6 1 1 1 15734198 1 15734198 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5723970 159688 881502 36445 6728715 3335211 1456303 961147 28691 5723970 3157261 205102 27152 3335211 1.00000 0 0 263444 9501 253943 629753 333468 296285 548345 216758 331587 881815 EQUITIES AND MUTUAL FUNDS 7016742 F MCCARTHY TRUST 1317987 F POOLED INCOME FUND 43624 F CERTIFICATES OF DEPOSIT 1430070 F ANNUITIES 1047890 F 10856313 11634171 6117446 5516725 -14873683 -14873683 -9356958 14322834 860516 33425 893941 13428893 -1794722 -1794722 11634171 23679791 33425 17528920 17562345 6117446 0 6117446 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAINS/LOSSES 761,057. DECREASE IN INTEREST IN PERPETUAL TRUST AND POOLED INCOME FUND 99,458. TRANSFER TO U.S. NAVY -15,734,198. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,663,933. SPECIAL EVENTS EXPENSES -130,789. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,663,933. SPECIAL EVENTS EXPENSES 130,789. TRANSFER TO U.S. NAVY 15,734,198. CONCERTS 28260 28260 26804 GALA 110988 83113 27875 103985 139248 83113 56135 130789 130789 -74654 X 1 57200 VEHICLE APPRAISAL X 1/64 SCALE MODEL AIRCRAFT CARRIER USS ENTERPRISE 1 275000 FMV 1 1 1 DESCRIPTION OF ARRANGEMENT: PART I, LINE 30B: THE ORGANIZATION WILL NOT USE THE PROPERTY FOR AN UNRELATED USE. IF THE ORGANIZATION SELLS THE PROPERTY WITHIN 3 YEARS OF RECEIPT, IT WILL FILE FORM 8282. THIRD PARTY USE: PART I, LINE 32B: THE NAVAL AVIATION MUSEUM FOUNDATION USES A THIRD PARTY, CHICAGO CAR AUCTION, TO PROCESS AND SELL NON-CASH CONTRIBUTIONS. INDIVIDUAL DONORS CALL A NUMBER TO DONATE THEIR VEHICLE, RV, BOAT, CAMPER, MOTORCYCLE, OR ANYTHING CHICAGO CAR AUCTION CAN TURN INTO CASH. CHICAGO CAR AUCTION IS RESPONSIBLE FOR MAKING ALL ARRANGEMENTS FOR THE ITEM TO BE PICKED UP, CLEANED UP, BROUGHT TO AUCTION AND SOLD. ONCE ITEM IS SOLD, CHICAGO CAR AUCTION RETAINS 25% OF THE SALES PRICE AS AN ADMINISTRATION FEE AND SENDS 75% OF THE SALES PRICE TO THE NAVAL AVIATION MUSEUM FOUNDATION. THE FOUNDATION'S RESPONSIBILITY IS TO SEND AN ACKNOWLEDGEMENT LETTER TO THE DONOR THANKING THEM FOR THE DONATION. THERE WERE NO CARS SOLD IN 2010. 990 PART V, LINE 7H PROVIDED FORM 8283 FOR THE T-BUCKET ROADSTER. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD DELEGATES THE REVIEW OF THE 990 TO THE BOARD COMMITTEE. THE BOARD IS INFORMED THE 990 IS AVAILABLE FOR REVIEW AT THEIR DISCRETION. FORM 990, PART VI, SECTION B, LINE 12C CORPORATE SECRETARY ROUTINELY REVIEWS POTENTIAL CONFLICTS OF INTEREST. IT IS NOT CIRCULATED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 CFO AND BOARD VICE CHAIRMAN SET CEO COMPENSATION USING COMPARABLE DATA AND CONTEMPORANEOUS SUBSTANTIATION. FORM 990, PART VI, SECTION C, LINE 19 ON FILE WITH THE STATE AND AVAILABLE UPON REQUEST FROM THE FOUNDATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAINS/LOSSES 761,057. DECREASE IN INTEREST IN PERPETUAL TRUST AND POOLED INCOME FUND 99,458. TRANSFER TO U.S. NAVY -15,734,198. TOTAL TO FORM 990, PART XI, LINE 5: -14,873,683. NATIONAL FLIGHT ACADEMY INC 1750 RADFORD BOULEVARD SUITE B PENSACOLA FL 32508 596178237 TO OPERATE EXCLUSIVELY TO FURTHER THE PURPOSE OF ITS SOLE MEMBER, THE FL 4799611 9790401 NAVAL AVIATION MUSEUM FOUNDATION INC FOUNDATION MUSEUM SUPPORT INC 1750 RADFORD BOULEVARD SUITE B PENSACOLA FL 32508 596178237 NATIONAL AVIATION MUSEUM FOUNDATION,INC. FL 1374596 1380895 NAVAL AVIATION MUSEUM FOUNDATION INC US NAVY 190 RADFORD BLVD PENSACOLA FL 32508 FEDERAL GOVERNMENT UNIT FL GOVERNMENT US GOVERNMENT US NAVY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 US NAVY Q 15734198 FMV