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Air Zoo Legacy Foundation

Portage, MI · EIN 26-3537678 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Air Zoo Legacy Foundation reported $10.0 million in revenue and $3.8 million in expenses for calendar year 2024. Of every $100 it spent, $88.07 went to program services, $11.93 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.0% of the total. The highest compensation it reported for one person was $107,462 (EXECUTIVE DIRECTOR). Revenue rose 73% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $3.8M

For context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $10M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 876 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
88.1%78.5%
Management & general
Part IX 25(C) ÷ 25(A)
11.9%13.6%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%6.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.10
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%57.5%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.7%
Program service revenue share
Part VIII 2g ÷ 12
0.0%20.8%
Highest reported compensation
Part VII-A, columns D–F
$107,462$385,706
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.84%2.03%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
269.636.6
Independent voting board members
Part VI 1a–1b
6 of 6100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$3.3M expenses · 100.0% of program spending · grants $3.3M

The foundation is organized and operated exclusively to support the charitable and educational activities of the kalamazoo aviation history museum (Air Zoo)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE DIRECTOR
Officer, 2.00 hrs/week
$0$86,727$20,735$107,462

0 people received more than $100,000 in reportable compensation from Air Zoo Legacy Foundation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$10M$3.8M88.1%$85M$107,462
2023 ⓘ$7.1M$4.6M90.3%$81M$96,900
2022 ⓘ$2.0M$4.1M89.3%$66M$143,970
2021 ⓘ$9.3M$3.5M86.4%$89M$90,058
2020 ⓘ$3.5M$3.2M89.1%$80M$82,366
2019 ⓘ$5.8M$3.4M86.3%$63M$72,620

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Private foundation grants it received

2 private foundations reported grants to Air Zoo Legacy Foundation totaling $45,500 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Air Zoo Legacy Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Air Zoo Legacy Foundation, you can publish a response that is linked from this page.

Questions people ask

How much of Air Zoo Legacy Foundation's spending goes to programs?

In calendar year 2024, Air Zoo Legacy Foundation reported that 88.1% of its $3.8 million in expenses went to program services, 11.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Air Zoo Legacy Foundation pay its top executive?

The largest total compensation Air Zoo Legacy Foundation reported for one person in calendar year 2024 was $107,462, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Air Zoo Legacy Foundation get its money?

Of $10.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Air Zoo Legacy Foundation a registered charity?

The IRS lists EIN 26-3537678 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533189349310423 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443179349307344 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202323189349306197 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233189349303993 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133169349308608 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043219349301699 · read the filing

All filings for EIN 26-3537678: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.