2025-11-12T13:10:25-06:00 2024-12-31 Sorren Inc 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2024-01-01 823613348 Greatest Generation Naval Museum % WILLIAM R KLAERS GREA 7196382900 755 Aviation Way Colorado Springs CO 80916 WILLIAM KLAERS PRESIDENT 7196382900 2025-11-17 true true DOREEN B MERZ P00841439 7196301186 2024 2025-03-06 01:10:19Z WILLIAM KLAERS 755 Aviation Way Colorado Springs CO 80916 840472 false X N/A X 2018 CO Greatest Generation is an aerospace museum focusing on WWII Aviation. The goal of Greatest Generation is to provide Education about these aircraft, many of which are little known to the general public. 5 1 0 5 0 0 0 0 50000 52052 747607 0 42865 52052 840472 0 0 0 0 0 0 0 0 0 267273 72707 267273 72707 -215221 767765 237695 1005460 0 0 237695 1005460 X Greatest Generation is an aerospace museum focusing on World War II aviation. During the Word War II era, America produced a wide variety of cutting-edge fighting aircraft, many of which are little known to the general public. The goal of Greatest Generation is to provide education about these aircraft, the history of military aviation, and the sacrifices that were made for this country by the World War II generation. To that end, it has acquired approximately 16 fully restored World War II aircraft, and historic artifacts representing Air Force, Navy, Marine Corps, and Coast Guard Aviation. This collection has been lent to its supported organization, the National Museum of World War II Aviation, Inc., for public display in its museum. Greatest Generation also provides financial and other support to the National Museum. Lastly, every two years, the collection of Greatest Generation goes on display at the Pikes Peak Regional Air Show. false false 70737 50000 EXPENSES INCURRED TO MAINTAIN THE OPERATION ASSETS OF THE MUSEUM, AND TO PROVIDE EDUCATION ABOUT HOW AMERICA WAS ABLE TO PRODUCE CUTTING-EDGE FIGHTING AIRCRAFT DURING THE WORLD WAR II ERA, THE HISTORY OF MILITARY AVIATION, AND THE SACRAFICES THAT WERE MADE FOR THIS COUNTRY BY THE WORLD WAR II Generation. 70737 true false false false false false false true false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false X 5 1 true false false false false false false true true false false true true true true true true false false false CO X WILLIAM R KLAERS 7196382900 755 AVIATION WAY COLORADO SPRINGS CO 80916 Mark Earle Board Member 1.0 40.0 X 0 69996 0 WILLIAM KLAERS PRESIDENT 1.0 40.0 X X 0 0 0 KURT K PETERSON Secretary/Treasurer 1.0 5.0 X X 0 0 0 JAMES M SLATTERY Chairman 1.0 5.0 X X 0 0 0 TOM PERKINS BOARD MEMBER 1.0 5.0 X 0 0 0 0 69996 0 0 false false false 0 0 AIRCRAFT APPEARANCE FEE 712110 50000 50000 50000 27607 27607 0 0 0 0 0 720000 0 720000 720000 720000 0 0 0 0 0 0 0 0 0 INSURANCE RECOVERY 712110 42865 42865 42865 840472 50000 790472 0 0 0 0 0 0 0 0 0 0 0 0 1970 1970 0 0 0 0 0 0 0 0 12989 12989 0 0 0 0 0 0 0 AIRCRAFT REPAIR 57748 57748 0 72707 70737 1970 0 X 33593 178733 204102 826727 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 237695 1005460 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 237695 1005460 0 0 237695 1005460 237695 1005460 767765 X false true X true false X X X 1 NATIONAL MUSEUM OF WORLD WAR II AVIATION 010859843 7 false 72707 0 1 72707 0 true false false false false false false false false false false false false false false false true Schedule A, Part IV, Section C Individuals are elected to the governing board by vote of the governing board for three-year terms. All of the directors of Greatest Generation also serve as directors of the National Museum of World War II Aviation. Officers are elected by the governing board as well. The Articles of Incorporation and Bylaws of Greatest Generation have not been amended since it submitted its initial request for an advance ruling of termination of private foundation status under Section 507(b)(1)(B) of the Code. X X false 0 0 X 840472 840472 840472 72707 72707 72707 Schedule D, Part III, Line 1A Museum Collection: In conformity with the practice followed by many museums, historical artifacts purchased and donated are not reflected as assets on the consolidated statement of financial position. The value of the collection has not been assessed. The cost of all artifacts purchased is included in program expenses. Numerous accessions were received, however, no artifacts were purchased during the years ended December 31, 2024 and 2023. There were deaccessions with proceeds during the years ended December 31, 2024. When an artifact is deaccessioned, proceeds from the sale, if any, are used for the direct care of the existing artifacts. The Museum defines direct care as all costs necessary to maintain the current presentation and quality of its artifacts. Schedule D, Part III, Line 4 The Greatest Generation has acquired approximately 16 fully restored World War II aircraft, and historic artifacts representing Air Force, Navy, Marine Corps, and Coast Guard Aviation. This collection has been lent to its supported organization, the National Museum of World War II Aviation, Inc., for public display in its museum. Schedule D, Part X, Line 2 For federal income tax purposes, the Museum qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, accordingly, is not subject to federal income taxes. The Museum believes that it does not have any uncertain tax positions that are material to the financial statements. Form 990, Part VI, Section A, Line 2 Board Member, Mark Earle, ALSO SERVES AS a board member OF THE RELATED ORGANIZATION, National Museum of World War II Aviation, INC. (NMWWIIA). BASED ON THE IRS DEFINITION OF A BUSINESS RELATIONSIP, Mark Earle HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING BOARD MEMBERS, DUE TO THE MEMBERS' JOINT SERVICE ON THE BOARD OF NMWWIIA, WHERE Mark Earle IS EMPLOYED AS AN Board Member-EMPLOYEE: William Klaers, Kurt K. Peterson, Tom Perkins, and James Slattery. Form 990, Part VI, Section B, 11b FORM 990 IS PREPARED BY A THIRD-PARTY PREPARER. THE FORM 990 THEN GOES THROUGH A DETAIL REVIEW BY THE PRESIDENT OF THE BOARD WITH A FINAL VERSION OF THE FORM 990 BEING SENT TO THE ENTIRE BOARD BEFORE BEING FILED WITH THE IRS. Form 990, Part VI, Section B, 12c At Board Meetings, an Interested Person Must Disclose the existence of financial interest, AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHEN THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, INCLUDING ITS FORM 990, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part X, Line 10a & 10b COLUMN (A) BEGINNING YEAR BALANCE: LINE 10a and b, land, buildings, equipment and accumulated depreciation, WAS ADJUSTED TO remove the fair market value of the museum's collection of historical artifacts. The prior year return (2023 Form 990PF) required the fair market value to be reported, however, the 2024 form 990 follows the audited financial statementsno value is assessed. Museum Collection: In conformity with the practice followed by many museums, historical artifacts purchased and donated are not reflected as assets on the consolidated statement of financial position. The value of the collection has not been assessed. The cost of all artifacts purchased is included in program expenses. Numerous accessions were received, however, no artifacts were purchased during the years ended December 31, 2024 and 2023. When an artifact is deaccessioned, proceeds from the sale, if any, are used for the direct care of the existing artifacts. The Museum defines direct care as all costs necessary to maintain the current presentation and quality of its artifacts. National Museum World War II Aviation 755 AVIATION WAY Colorado springs CO 80916 010859843 Museum CO 501 (c)(3) 7 NA false false false false false false false false false false false false false false true true false false false false