2024-03-28T16:20:07-05:00 2023-09-30 560587513 HAIGH BYRD & LAMBERT LLP PO BOX 53349 FAYETTEVILLE NC 283053349 990 2022-10-01 561785731 AIRBORNE AND SPECIAL OPERATIONS MUSEUM FOUNDATION AIRB 9106432778 100 BRAGG BLVD FAYETTEVILLE NC 28301 RENEE LANE EXECUTIVE DIRECTOR 9106432778 2024-03-15 1 RENEE LANE XXX-XX-XXXX 0 STEPHEN G TERRY P00093449 9104831437 2024-03-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RENEE LANE 100 BRAGG BLVD FAYETTEVILLE NC 28301 1241974 0 X WWW.ASOMF.ORG X 1991 NC THE FOUNDATION PROVIDES MARKETING AND ADVERTISING EFFORTS IN SUPPORT OF THE ONGOING MISSION OF THE UNITED STATES ARMY'S AIRBORNE & SPECIAL OPERATIONS MUSEUM. 18 18 16 0 0 0 3759296 693519 74504 52111 -26831 13965 308751 242455 4115720 1002050 0 0 0 0 372864 327042 0 0 92266 509976 370505 882840 697547 3232880 304503 6216538 6484814 244262 208035 5972276 6276779 X THE AIRBORNE & SPECIAL OPERATIONS MUSEUM FOUNDATION WILL PROVIDE MARKETING AND ADVERTISING EFFORTS TO THE NON-MILTARY COMMUNITY IN SUPPORT OF THE ONGOING MISSION OF THE UNITED STATES ARMY'S AIRBORNE & SPECIAL OPERATIONS MUSEUM (ASOM). THE ASOM SERVES AS AN ADJUNCT TO THE LOCAL ACADEMIC AND CULTURE COMMUNITY AND PROVIDES MILITARY HISTORY OF THE AIRBORNE & SPECIAL OPERATIONS SOLDIERS, FROM 1940 TO THE PRESENT, TO ACTIVE DUTY SOLDIERS, VETERANS, THEIR FAMILIES AND THE PUBLIC AT LARGE. THE FOUNDATION WILL CONDUCT PRIVATE AND PUBLIC FUNDRAISING EFFORTS IN SUPPORT OF THIS MISSION, ONGOING ASOM PROGRAMS, AND FUTURE EXHIBIT SUPPORT. 0 0 403871 277764 THE FOUNDATION SUPPORTS THE UNITED STATES ARMY'S AIRBORNE & SPECIAL OPERATIONS MUSEUM BY PROVIDING MARKETING AND ADVERTISING EFFORTS AND CONDUCTING PRIVATE AND PUBLIC FUNDRAISING EFFORTS. 403871 1 1 0 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 1 3 0 16 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 X X THE ORGANIZATION 9106432778 100 BRAGG BLVD FAYETTEVILLE NC 28301 X JIM SOFFE PRESIDENT 1.00 X 0 0 0 COLRET RUDY BAKER SECRETARY 1.00 X 0 0 0 CARROLL BEARD BOARD MEMBER 1.00 X 0 0 0 LYNNE GREENE VP 1.00 X 0 0 0 RONNA GARRETT BOARD MEMBER 1.00 X 0 0 0 JANENE AUL BOARD MEMBER 1.00 X 0 0 0 WALTER HOLT BOARD MEMBER 1.00 X 0 0 0 HUTCH HUTCHENS BOARD MEMBER 1.00 X 0 0 0 DOUGLAS E NUNNALLY III BOARD MEMBER 1.00 X 0 0 0 CAROL IVEY BOARD MEMBER 1.00 X 0 0 0 CHIP HAIGH TREASURER 1.00 X 0 0 0 RALPH HUFF BOARD MEMBER 1.00 X 0 0 0 MAC HEALY BOARD MEMBER 1.00 X 0 0 0 JAMES MARTIN BOARD MEMBER 1.00 X 0 0 0 SHARON LEWIS BOARD MEMBER 1.00 X 0 0 0 WESLEY MEREDITH BOARD MEMBER 1.00 X 0 0 0 BILL DREWRY BOARD MEMBER 1.00 X 0 0 0 STEVEN MOORE BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3300 183750 506469 64383 693519 SIMULATOR TICKETS 611710 52111 52111 52111 13965 13965 63422 32655 30767 30767 393696 207269 186427 186427 MISCELLANEOUS INCOME 900099 25261 25261 25261 1002050 277764 0 30767 303050 186028 49993 67029 23992 14727 3958 5307 69750 27490 37823 4437 42636 27031 13721 1884 7659 1003 5990 666 34271 10882 23389 1983 805 1178 243 243 35192 33293 1899 23636 23636 IN-KIND RENT 64383 49563 11115 3705 GROUNDS MAINTENANCE 33206 7364 25722 120 EXHIBIT EXPENSES 24893 24893 BANK CHARGES 18051 14822 1582 1647 14602 5970 1161 7471 697547 403871 201410 92266 5207189 5726264 686443 458460 2727 4674 102700 70264 9076 15365 784566 706160 85473 78406 122930 131381 6216538 6484814 56106 59405 15977 4551 172179 144079 244262 208035 X 971682 921122 5000594 5355657 5972276 6276779 6216538 6484814 304503 0 X 0 1 X 1 0 X 2043342 572276 565407 3694988 629136 7505149 64308 64308 72538 64308 64383 329845 2107650 636584 637945 3759296 693519 7834994 7834994 3941 13055 24778 -26831 13965 28908 7863902 1879730 0.99630 0.99730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 172179 89060 117158 144081 1 X 122930 15519 5500 1568 131381 149793 -25236 1627 122930 131006 26498 5970 1741 149793 120800 3000 13007 4310 1491 131006 115010 9025 1748 3590 1393 120800 1 0 784566 706160 78406 78406 X 1241974 239924 239924 1002050 0 1002050 937471 239924 239924 697547 0 697547 PART IV, LINE 1B: THE GREATER OF $1,500 MONTHLY OR 25% OF GIFT SHOP NET PROFIT ARE ATTRIBUTABLE TO THE ARMY. THE FOUNDATION COLLECTS THESE AMOUNTS ON THE MUSEUM'S BEHALF. PART IV, LINE 2B: THE FOUNDATION HOLDS THE FUNDS UNTIL THE MUSEUM REQUESTS THEM IN SUPPORT OF EXHIBIT PURCHASES OR OTHER MUSEUM EXPENDITURE. PART V, LINE 4: THE ENDOWMENT FUND IS PERMANENTLY RESTRICTED BUT THE EARNINGS FROM THE ENDOWMENT CAN BE USED FOR OPERATING EXPENSES OF THE FOUNDATION. PART X, LINE 2: MANAGEMENT OF THE FOUNDATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES TO THE FOUNDATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS IN FILED RETURNS THAT REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF SALES 207,269. SPECIAL EVENT EXPENSES 32,655. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF SALES 207,269. SPECIAL EVENT EXPENSES 32,655. FIELD OF HONOR 11431 11431 2642 5K 36391 36391 17373 3 15600 15600 12640 63422 63422 32655 32655 30767 X IN-KIND RENT 1 64383 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED TO EACH BOARD MEMBER BEFORE THE RETURN IS FILED. THEY REVIEW THE FORM 990 AND DISCUSS IF THERE ARE ANY CHANGES OR QUESTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY AND OTHER KEY EMPLOYEES SALARIES ARE REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.