2026-09-21T07:40:31-05:00 2025-12-31 751056027 CONDLEY AND COMPANY LLP PO BOX 2993 ABILENE TX 796042993 990 2025-01-01 562326843 NATIONAL WASP WWII MUSEUM INC NATI 3252350099 PO BOX 456 SWEETWATER TX 79556 STEVEN MAY TREASURER 3252350099 2026-09-17 1 HOPE WEGRZYNOWICZ CPA P01651493 3256776251 2026-09-17 2025 STEVEN MAY PO BOX 456 SWEETWATER TX 79556 2207077 0 X WWW.WASPMUSEUM.ORG X 2003 TX THE NATIONAL WASP WWII MUSEUM IS DEDICATED TO HONORING THE LIVES AND LEGACIES OF THE WOMEN AIRFORCE SERVICE PILOTS AND PRESERVING THE LEGACY OF AVENGER FIELD, WHERE MOST OF THEM TRAINED. OUR MISSION IS TO EDUCATE AND INSPIRE ALL CURRENT AND FUTURE GENERATIONS WITH THE STORY OF THE WASP. THESE FEMALE PILOTS WERE THE FIRST WOMEN TO FLY AMERICA'S MILITARY AIRCRAFT. THEY DID SO IN A WAY THAT BROUGHT HONOR TO OUR NATION AND FOREVER CHANGED THE ROLE OF WOMEN IN MILITARY AND CIVILIAN AVIATION. THROUGH THE GENEROSITY OF OUR DONORS, MEMBERS, VOLUNTEERS, AND PARTNERS, WE PRESERVE THIS REMARKABLE LEGACY AND ENSURE THAT THE COURAGE, SERVICE, AND SACRIFICE OF THE WASP CONTINUE TO INSPIRE GENERATIONS TO COME. 12 12 12 35 0 0 2209749 2020169 0 0 21451 30451 21852 53763 2253052 2104383 0 0 0 0 522932 495726 55771 65063 685979 1219532 1343247 1798235 1904036 454817 200347 7677400 7789540 752527 654682 6924873 7134858 X THE MUSEUM SEEKS TO EDUCATE AND INSPIRE ALL GENERATIONS WITH THE STORY OF THE WOMEN AIRFORCE SERVICE PILOTS (WASP) OF WORLD WAR II, THE FIRST WOMEN TO FLY U.S. MILITARY AIRCRAFTS, CHANGING THE ROLE OF WOMEN IN AVIATION. 0 0 935761 THROUGH ITS MOBILE MUSEUM AND EDUCATIONAL OUTREACH INITIATIVES, THE MUSEUM EXTENDS THIS MISSION TO COMMUNITIES ACROSS THE NATION BY PROVIDING PLACE-BASED AND STEM LEARNING EXPERIENCES THAT CONNECT HISTORY, AVIATION, INNOVATION, AND WORKFORCE EXPLORATION. THE MUSEUM ALSO OPERATES AND FLIES HISTORIC AIRCRAFT TO AIRSHOWS, FLY-INS, AND EDUCATIONAL EVENTS ACROSS THE COUNTRY, CREATING IMMERSIVE, MEMORABLE EXPERIENCES THAT BRING THE WASP STORY TO AUDIENCES WHERE THEY LIVE. THROUGH THESE PROGRAMS, THE MUSEUM ENCOURAGES CIVIC AWARENESS, LEADERSHIP, AND SERVICE AMONG YOUNG PEOPLE BY USING THE LEGACY OF THE WASP TO INSPIRE INFORMED, ENGAGED, AND COURAGEOUS FUTURE CITIZENS.THE MUSEUM FURTHER ADVANCES ITS EDUCATIONAL AND CHARITABLE MISSION BY PROMOTING WORKFORCE DEVELOPMENT THROUGH AVIATION, AEROSPACE, SKILLED TRADES, AND OTHER CAREER PATHWAYS THAT CONNECT STUDENTS WITH POSTSECONDARY EDUCATION, MILITARY SERVICE, AND INDUSTRY OPPORTUNITIES. THROUGH THE PRESERVATION AND INTERPRETATION OF AVENGER FIELD AND THE WASP LEGACY, THE MUSEUM STRENGTHENS HERITAGE TOURISM, CONTRIBUTING TO THE ECONOMIC VITALITY OF RURAL COMMUNITIES WHILE PRESERVING NATIONALLY SIGNIFICANT HISTORY. BY FOSTERING PARTNERSHIPS WITH EDUCATIONAL INSTITUTIONS, INDUSTRY LEADERS, MILITARY ORGANIZATIONS, AND COMMUNITY STAKEHOLDERS, THE MUSEUM CATALYZES LIFELONG LEARNING, ECONOMIC OPPORTUNITY, AND THE CONTINUED ADVANCEMENT OF AVIATION EDUCATION AND LEADERSHIP. 935761 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 12 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NH NJ NM NY NC ND OR PA RI SC TN VA WV WI X STEVEN MAY 3252350099 PO BOX 456 SWEETWATER TX 79556 DAVE TOWNSEND DIRECTOR 1.00 X 0 0 0 DON SPENCE DIRECTOR 1.00 X 0 0 0 HEIDI PALLISTER DIRECTOR 1.00 X 0 0 0 JOHN MARSH DIRECTOR 1.00 X 0 0 0 MORGAN BROOKS DIRECTOR 1.00 X 0 0 0 SANDRA SPEARS DIRECTOR 1.00 X 0 0 0 LISA TAYLOR EXECUTIVE DIRECTOR; DIRECTOR 40.00 X X 102000 0 0 LARRY LUDLUM PRESIDENT 4.00 X X 0 0 0 KATHLEEN FOWLER 1ST VICE PRESIDENT 4.00 X X 0 0 0 DEBBIE ANTHONY 2ND VICE PRESIDENT 4.00 X X 0 0 0 STEVEN MAY TREASURER 4.00 X X 0 0 0 TERRI PETTY SECRETARY 4.00 X X 0 0 0 RACHAEL MCCLAIN EXECUTIVE DIRECTOR 40.00 X 20769 0 0 122769 0 0 1 0 0 0 0 36055 44900 1939214 2020169 30451 30451 4265 0 4265 4265 4265 32399 44900 45790 -13391 -13391 119793 56904 62889 62889 2104383 67154 0 17060 122769 73661 36831 12277 335470 201282 100641 33547 37487 22492 11246 3749 23450 23450 65063 65063 75127 18543 56392 192 20381 16305 4076 11476 8867 2609 9433 1751 5232 2450 80344 72310 8034 27626 27626 26090 26090 218848 207429 11419 19454 17509 1945 PRINTING AND PUBLICATIO 365536 76785 10459 278292 POSTAGE AND SHIPPING 309226 65803 9009 234414 DONOR GIFTS 62403 12576 1718 48109 AIRCRAFT EXPENSES 60940 60876 64 32913 25856 3247 3810 1904036 935761 282296 685979 X 744056 152803 20834 570419 1124725 542782 4604 4626 34362 34362 97667 84750 7968429 1191902 6351464 6776527 64578 346493 7677400 7789540 57997 55610 694530 599072 752527 654682 X 6546980 7048040 377893 86818 6924873 7134858 7677400 7789540 200347 9638 0 X X 0 1 X 1 0 X 2358197 2589121 2508187 2209749 2020169 11685423 2358197 2589121 2508187 2209749 2020169 11685423 11685423 614 12100 7258 21451 30451 71874 11757297 543013 0.99390 0.99650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 0 336818 17209 1588 352439 0.82831 0.17168 0 0 230000 230000 4186300 666334 3519966 2362857 308887 2053970 502592 216681 285911 686680 686680 6776527 X 2114021 9638 9638 2104383 0 2104383 1877946 0 1877946 26090 26090 1904036 PART III, LINE 1A: THE MUSEUM'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR TO MAINTAIN CONDITION. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY, EXCEPT FOR ARCHIVED ITEMS, WHICH ARE HELD IN CLIMATE-CONTROLLED STORAGE. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART V, LINE 4: INCOME GENERATED FROM ENDOWMENT FUNDS WILL BE USED FOR THE MUSEUM'S OPERATIONS PART X, LINE 2: MANAGEMENT EVALUATED THE MUSEUMS TAX POSITIONS AND CONCLUDED THAT THE MUSEUM HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO FINANCIAL STATEMENTS AND THEREFORE NO ADJUSTMENTS HAVE BEEN INCLUDED IN THE FINANCIAL STATEMENTS FOR 2025 OR 2024. WITH FEW EXCEPTIONS, THE MUSEUM IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS PRIOR TO THE MOST RECENT TAX FILING. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 26,090. X X 1 FUND RAISING STRATEGIES INC 1420 SPRING HILL RD STE 490 MCLEAN VA 22102 FUNDRAISING COUNSEL 0 1433755 84828 1348927 1433755 84828 1348927 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC HOMECOMING 77299 44900 32399 5200 10000 30590 77299 44900 32399 5200 10000 30590 45790 -13391 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION MAINTAINS A WRITTEN CONTRACT WITH THE FUNDRAISER TO DISTINGUISH AGENCY FEES FROM OTHER EXPENSE REIMBURSEMENTS. ALL EXPENSES ARE ITEMIZED AS PAID BY THE FUNDRAISER: POSTAGE: $232,529.67 PRINTING: $172,542.59 AGENCY FEE: $84,827.67 FULFILLMENT: $62,403.01 MAILHOUSE/LASER: $61,067.63 ALL OTHER: $29,366.67 BOOKKEEPING: $29,229.71 DATA PROCESSING: $26,309.12 LIST RENTAL: $15,628.47 BACK-END: $12,003.69 0 1 0 PART I, LINE 33: THE MUSEUM HAS MADE AN ELECTION NOT TO CAPITALIZE ITS COLLECTIONS; THEREFORE, NO INCOME HAS BEEN RECORDED. SEE PART XIV, SUPPLEMENTAL INFORMATION TO SCHEDULE D. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION PROVIDES MEMBERSHIP FOR DONORS WHO ARE FORMER WASP INCLUDING THEIR FAMILY THROUGHOUT THE UNITED STATES, AS WELL AS MEMBERS OF THE AVIATION COMMUNITY, THE MILITARY, AND LOCAL CITIZENS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER OF THE MUSEUM REVIEWED THE FORM 990 WITH THE EXECUTIVE DIRECTOR, AND A COPY OF THE RETURN IS PROVIDED TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON MAY MAKE A PRESENTATION AT A BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING A POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN, WITH REASONABLE EFFORTS, OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN ACCORDANCE WITH THE ABOVE DETERMINATION, IT SHALL DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE MUSEUM PROCESS FOR DETERMINING COMPENSATION FOR ITS EXECUTIVE DIRECTOR INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, CONSIDERATION OF RELEVANT COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. AS PART OF THIS PROCESS, THE MUSEUM ENGAGED AN INDEPENDENT COMPANY TO ASSIST WITH THE EXECUTIVE DIRECTOR SEARCH. THE INDEPENDENT COMPANY INTERVIEWED CANDIDATES FOR THE POSITION AND PROVIDED RECOMMENDED COMPENSATION LEVELS FOR CANDIDATES BASED ON NATIONAL AVERAGE COMPENSATION DATA FOR COMPARABLE ROLES. THE MUSEUM REVIEWED THIS INFORMATION IN CONNECTION WITH ITS EVALUATION AND APPROVAL OF THE EXECUTIVE DIRECTOR'S COMPENSATION, AND THE DELIBERATIONS AND FINAL DECISION WERE DOCUMENTED AT THE TIME THEY OCCURRED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC WHEN REQUESTED TO DO SO BY A DONOR OR FUNDING SOURCE. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.