Nonprofit · EIN 82-3613348
GREATEST GENERATION NAVAL MUSEUM
Tax-exempt · COLORADO SPGS, CO 80916
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $840,472 | $72,707 | $767,765 | $1,005,460 | $0 | $1,005,460 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $50,000
- Investment income
- $747,607
- Net gain from sales of assets
- $720,000
- Other revenue
- $42,865
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,970
- Occupancy
- $12,989
- Program services (functional)
- $70,737
- Management and general (functional)
- $1,970
Balance sheet and other
- Total assets, start of year
- $237,695
- Total assets, end of year
- $1,005,460
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,005,460
- Net assets without donor restrictions
- $1,005,460
- Gross receipts
- $840,472
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2018
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Mark Earle | Board Member Trustee or director | 1 | $0 | $69,996 |
| WILLIAM KLAERS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KURT K PETERSON | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| JAMES M SLATTERY | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| TOM PERKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 755 AVIATION WAY, COLORADO SPGS, CO 80916-2740
- In care of
- % WILLIAM R KLAERS
- Principal officer (990 for 2024)
- WILLIAM KLAERS, 755 Aviation Way, Colorado Springs, CO 80916
- Signed the 990
- WILLIAM KLAERS, PRESIDENT
- Phone
- (719) 638-2900
- Return prepared by
- Sorren Inc
Mission
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.
Program accomplishments
- 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.Expenses $70,737 · revenue $50,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 82-3613348
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A54)
- Assets (IRS master file)
- $1,005,460
- Income (IRS master file)
- $840,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $840,472 | $72,707 | $1,005,460 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3613348).
Questions about GREATEST GENERATION NAVAL MUSEUM
- What is the EIN of GREATEST GENERATION NAVAL MUSEUM?
- The employer identification number (EIN) of GREATEST GENERATION NAVAL MUSEUM is 82-3613348.
- Is GREATEST GENERATION NAVAL MUSEUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to GREATEST GENERATION NAVAL MUSEUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does GREATEST GENERATION NAVAL MUSEUM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATEST GENERATION NAVAL MUSEUM due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATEST GENERATION NAVAL MUSEUM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GREATEST GENERATION NAVAL MUSEUM?
- The 990 for the year ended December 31, 2024 names WILLIAM KLAERS.
- Who are the officers and directors of GREATEST GENERATION NAVAL MUSEUM?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GREATEST GENERATION NAVAL MUSEUM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $840,472, expenses of $72,707 and total assets of $1,005,460 at year end.
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