TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202313189349310541 - Submission: 2023-11-14 TIN: 91-0785826

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

MUSEUM OF FLIGHT FOUNDATION

Employer identification number

91-0785826

Return Reference	Explanation
FORM 990, PART I, LINE 6:	THE MUSEUM UTILIZES A VOLUNTEER DATABASE THAT MONITORS ALL VOLUNTEERS THAT KEEPS A RECORD OF ALL PERSONAL INFORMATION, HOURS, AWARDS AND TRAINING. BENEFITS AS A VOLUNTEER OF THE MUSEUM ARE: COMPLIMENTARY ADMISSION TO THE MUSEUM FOR FAMILY AND FRIENDS, DISCOUNT ON STORE MERCHANDISE AND AN INVITATION TO THE ANNUAL VOLUNTEER RECOGNITION DINNER WHERE VOLUNTEERS ARE RECOGNIZED FOR THEIR HOURS OF SERVICE. VOLUNTEERS ALSO HAVE THE OPPORTUNITY TO LEARN A NEW SKILL AND MAKE NEW FRIENDS. VOLUNTEERS WORK YEAR ROUND IN ALMOST EVERY MUSEUM DEPARTMENT WHICH INCLUDES EDUCATION, RESTORATION, LIBRARY, ARCHIVES, COLLECTIONS, MEMBERSHIP, MUSEUM STORE, MAINTENANCE OF EXHIBITS AND SUPPORT FOR VARIOUS EVENTS. VOLUNTEERS ALSO SERVE ON THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT REVIEWS THE 990 AND THEN PROVIDES A DRAFT OF THE FORM 990 TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICT OF INTEREST STATEMENTS ARE ANNUALLY SUBMITTED TO ALL TRUSTEES, EMPLOYEES AND VOLUNTEERS. HUMAN RESOURCES IS RESPONSIBLE FOR COLLECTING AND MONITORING EMPLOYEE AND VOLUNTEER RESPONSES. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR COLLECTING AND MONITORING TRUSTEE RESPONSES. BOTH HUMAN RESOURCES AND THE BOARD OF DIRECTORS REPORT EXCEPTIONS, IF ANY, TO THE PRESIDENT AND CEO. IF A CONFLICT OF INTEREST EXISTS, THE LEGAL COMMITTEE WILL REVIEW AND RECOMMEND ACTIONS WHICH ARE SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. WHEN A CONFLICT OF INTEREST DOES EXIST, THE PERSON WITH THE CONFLICT ABSTAINS FROM THE DISCUSSION AND VOTE OF THE TRANSACTION OR AGREEMENT INVOLVING THE CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15A	A COMPENSATION COMMITTEE OF THE BOARD CONSISTS OF THREE TRUSTEES, INCLUDING THE CHAIRMAN, AND IS RESPONSIBLE FOR ESTABLISHING THE SALARY OF THE PRESIDENT AND CEO BASED ON INDUSTRY AND CURRENT LOCAL STANDARDS. THE CFO'S COMPENSATION IS REVIEWED ANNUALLY BY THE CEO AND HUMAN RESOURCES. THE MOST RECENT COMPENSATION REVIEW OCCURRED APRIL, 2023.
FORM 990, PART VI, SECTION C, LINE 19	MUSEUM OF FLIGHT DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST -496,314.

Return Reference

Explanation

FORM 990, PART I, LINE 6:

THE MUSEUM UTILIZES A VOLUNTEER DATABASE THAT MONITORS ALL VOLUNTEERS THAT KEEPS A RECORD OF ALL PERSONAL INFORMATION, HOURS, AWARDS AND TRAINING. BENEFITS AS A VOLUNTEER OF THE MUSEUM ARE: COMPLIMENTARY ADMISSION TO THE MUSEUM FOR FAMILY AND FRIENDS, DISCOUNT ON STORE MERCHANDISE AND AN INVITATION TO THE ANNUAL VOLUNTEER RECOGNITION DINNER WHERE VOLUNTEERS ARE RECOGNIZED FOR THEIR HOURS OF SERVICE. VOLUNTEERS ALSO HAVE THE OPPORTUNITY TO LEARN A NEW SKILL AND MAKE NEW FRIENDS. VOLUNTEERS WORK YEAR ROUND IN ALMOST EVERY MUSEUM DEPARTMENT WHICH INCLUDES EDUCATION, RESTORATION, LIBRARY, ARCHIVES, COLLECTIONS, MEMBERSHIP, MUSEUM STORE, MAINTENANCE OF EXHIBITS AND SUPPORT FOR VARIOUS EVENTS. VOLUNTEERS ALSO SERVE ON THE BOARD OF TRUSTEES.

FORM 990, PART VI, SECTION B, LINE 11B

MANAGEMENT REVIEWS THE 990 AND THEN PROVIDES A DRAFT OF THE FORM 990 TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

CONFLICT OF INTEREST STATEMENTS ARE ANNUALLY SUBMITTED TO ALL TRUSTEES, EMPLOYEES AND VOLUNTEERS. HUMAN RESOURCES IS RESPONSIBLE FOR COLLECTING AND MONITORING EMPLOYEE AND VOLUNTEER RESPONSES. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR COLLECTING AND MONITORING TRUSTEE RESPONSES. BOTH HUMAN RESOURCES AND THE BOARD OF DIRECTORS REPORT EXCEPTIONS, IF ANY, TO THE PRESIDENT AND CEO. IF A CONFLICT OF INTEREST EXISTS, THE LEGAL COMMITTEE WILL REVIEW AND RECOMMEND ACTIONS WHICH ARE SENT TO THE EXECUTIVE COMMITTEE FOR APPROVAL. WHEN A CONFLICT OF INTEREST DOES EXIST, THE PERSON WITH THE CONFLICT ABSTAINS FROM THE DISCUSSION AND VOTE OF THE TRANSACTION OR AGREEMENT INVOLVING THE CONFLICT OF INTEREST.

FORM 990, PART VI, SECTION B, LINE 15A

A COMPENSATION COMMITTEE OF THE BOARD CONSISTS OF THREE TRUSTEES, INCLUDING THE CHAIRMAN, AND IS RESPONSIBLE FOR ESTABLISHING THE SALARY OF THE PRESIDENT AND CEO BASED ON INDUSTRY AND CURRENT LOCAL STANDARDS. THE CFO'S COMPENSATION IS REVIEWED ANNUALLY BY THE CEO AND HUMAN RESOURCES. THE MOST RECENT COMPENSATION REVIEW OCCURRED APRIL, 2023.

FORM 990, PART VI, SECTION C, LINE 19

MUSEUM OF FLIGHT DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.

FORM 990, PART XI, LINE 9:

CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST -496,314.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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