Civic Intelligence

Greatest Generation Naval Museum

990PF • Fiscal year 2020 • EIN 82-3613348

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

755 Aviation WayColorado Springs, CO 80916

(719) 638-2900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

1st percentile

-340%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-5.2%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Revenue Growth

88th percentile

56%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Assets

Down

$4,952,791

Down $561,903 (-10%) from 2018

Net Assets

Down

$4,952,791

Down $561,903 (-10%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$78,046

Up $45,946 (+143%) from 2018

Expenses

Down

$343,455

Down $26,608 (-7.2%) from 2018

Net Income

Up

-$265,409

Up $72,554 (+21%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2017: $5,921,106Liabilities 2017: $0Net Assets 2017: $5,921,1062017Assets 2018: $5,514,694Liabilities 2018: $0Net Assets 2018: $5,514,6942018Assets 2020: $4,952,791Liabilities 2020: $0Net Assets 2020: $4,952,7912020Assets 2021: $4,170,426Liabilities 2021: $0Net Assets 2021: $4,170,4262021Assets 2022: $3,951,546Liabilities 2022: $0Net Assets 2022: $3,951,5462022Assets 2024: $1,005,460Liabilities 2024: $0Net Assets 2024: $1,005,4602024

Highlighted filing

2020

Assets$4,952,791
Liabilities$0
Net Assets$4,952,791

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $32,100Expenses 2018: $370,063Net Income 2018: -$337,9632018Revenue 2020: $78,046Expenses 2020: $343,455Net Income 2020: -$265,4092020Revenue 2021: -$411,825Expenses 2021: $370,540Net Income 2021: -$782,3652021Revenue 2022: $35,000Expenses 2022: $253,880Net Income 2022: -$218,8802022Revenue 2024: $840,472Expenses 2024: $72,707Net Income 2024: $767,7652024

Highlighted filing

2020

Revenue$78,046
Expenses$343,455
Net Income-$265,409
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Mission and Program Overview

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.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM KLAERSChairman/President-$0--
VICTOR C ANDREWSBoard Member-$0--
MARK EARLEBoard Member-$0--
KURT K PETERSONSecretary/Vice President-$0--
JAMES M SLATTERYBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Greatest Generation Naval Museum
EIN
82-3613348
In Care Of
% WILLIAM R KLAERS
Phone
7196382900
Address
755 Aviation Way, Colorado Springs, CO 80916

Signing Officer

Name
William Klaers
Title
Co-chairman
Phone
7196382900
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Stockman Kast Ryan & Co Llp
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0WAR II ERA, THE HISTORY OF MILITARY AVIATION, AND THE SACRAFICES THAT WERE MADE FOR THIS COUNTRY BY THE WORLD WAR II GENERATION
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IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0JAMES M SLATTERY
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt03000
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt054805
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt051805
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt03000
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02017
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02016
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt051805
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt051805
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt054805
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt03000
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADVERTISING
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1AIRCRAFT REPAIRS
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0689
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt150418
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt01377
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt150418
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Insurance Proceeds
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt078043
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM KLAERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07196382900
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Greatest Generation Naval Museum
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0823613348
ReturnHeader/Filer/InCareOfNm0% WILLIAM R KLAERS
ReturnHeader/Filer/PhoneNum07196382900
ReturnHeader/Filer/USAddress/AddressLine1Txt0755 Aviation Way
ReturnHeader/Filer/USAddress/CityNm0Colorado Springs
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080916
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOCKMAN KAST RYAN & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0102 N CASCADE AVENUE SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLORADO SPRINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080903
ReturnHeader/PreparerPersonGrp/PhoneNum07196301186
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOREEN B MERZ
ReturnHeader/ReturnTs02021-11-10T11:36:28-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KLAERS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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