2026-03-04T09:19:34-06:00 2025-09-30 480573184 REGIER CARR & MONROE LLP CPAS 4801 E BROADWAY BLVD SUITE 501 TUCSON AZ 85711 990 2024-11-01 866031135 ARIZONA AEROSPACE FOUNDATION ARIZ 5205740462 6000 E VALENCIA ROAD TUCSON AZ 85756 GEORGE HENDERSON TREASURER 5205740462 2026-03-03 1 1 SUSAN M VOS CPACFE P01709931 5206248229 2024 2025-03-06 01:10:19Z GEORGE HENDERSON 6000 E VALENCIA ROAD TUCSON AZ 85756 12416523 0 X N/A X 1967 AZ THE FOUNDATION'S MISSION IS TO CREATE UNLIMITED HORIZONS IN AEROSPACE EDUCATION THROUGH THE PRESERVATION AND PRESENTATION OF THE HISTORY OF FLIGHT AND MILITARY VEHICLES. THE PIMA AIR & SPACE MUSEUM, THE TITAN MISSILE MUSEUM, AND THE TUCSON MILITARY VEHICLE MUSEUM HAVE STRONG COMMITMENTS TO EDUCATING AND INSPIRING TOMORROW'S ENGINEERS, SCIENTISTS, PILOTS, AND ASTRONAUTS. EVERY YEAR, THOUSANDS OF SCHOOL CHILDREN ARE ADMITTED TO ALL MUSEUMS FREE OF CHARGE. THE FOUNDATION PLANS TO CONTINUE EXPANDING ITS COLLECTION OF AIRCRAFT AND VEHICLES, IMPROVING ITS VISITOR AMENITIES, WHILE EXPLORING NEW WAYS TO FOSTER AN INTEREST IN THE FUTURE OF TECHNOLOGY AND EXPLORATION IN THE YOUNG PEOPLE OF SOUTHERN ARIZONA. 18 18 104 56 0 0 15262552 5529621 4434762 4662732 143173 180489 1100578 1013955 20941065 11386797 0 0 0 0 2850820 2932852 0 0 2101 9474170 10034647 12324990 12967499 8616075 -1580702 32970517 32745603 971048 1021837 31999469 31723766 X THE FOUNDATION'S MISSION IS TO CREATE UNLIMITED HORIZONS IN AEROSPACE EDUCATION THROUGH THE PRESERVATION AND PRESENTATION OF THE HISTORY OF FLIGHT. BOTH THE PIMA AIR & SPACE MUSEUM AND THE TITAN MISSILE MUSEUM HAVE STRONG COMMITMENTS TO EDUCATING AND INSPIRING TOMORROW'S ENGINEERS, SCIENTISTS, PILOTS, AND ASTRONAUTS. EVERY YEAR, THOUSANDS OF SCHOOL CHILDREN ARE ADMITTED TO BOTH MUSEUMS FREE OF CHARGE. THE FOUNDATION PLANS TO CONTINUE EXPANDING ITS COLLECTION OF AIRCRAFT AND IMPROVING ITS VISITOR AMENITIES, WHILE EXPLORING NEW WAYS TO FOSTER AN INTEREST IN THE FUTURE OF AVIATION TECHNOLOGY AND AEROSPACE EXPLORATION IN THE YOUNG PEOPLE OF SOUTHERN ARIZONA. 0 0 11348513 5676687 THE ARIZONA AEROSPACE FOUNDATION OPERATES THREE MUSEUMS, THE PIMA AIR & SPACE MUSEUM (PASM), THE TITAN MISSILE MUSEUM (TMM), AND THE TUCSON MILITARY VEHICLE MUSEUM (TMVM). PASM IS ONE OF THE LARGEST NON-GOVERNMENT-FUNDED AVIATION MUSEUMS IN THE UNITED STATES. THE MUSEUM MAINTAINS A COLLECTION OF MORE THAN 300 AIRCRAFT AND SPACECRAFT FROM AROUND THE WORLD, INCLUDING MANY RARE AND ONE-OF-A-KIND, AND MORE THAN 125,000 ARTIFACTS. THE TITAN MISSILE MUSEUM IS A NATIONAL HISTORIC LANDMARK AND IS THE ONLY PUBLICLY ACCESSIBLE TITAN II MISSILE COMPLEX OF THE 54 THAT WERE ON ALERT FROM 1963 TO 1987. IT IS ONE OF ONLY TWO INTERCONTINENTAL BALLISTIC MISSILE SITES IN THE WORLD THAT HAVE BEEN PRESERVED FOR THE BENEFIT OF THE PUBLIC. THE TUCSON MILITARY VEHICLE MUSEUM PROVIDES A HISTORICAL ROLE OF MILITARY LAND DOMINANCE AND ALLOWS VISITORS TO MAKE PHYSICAL CONTACT WITH THE VEHICLE AS WELL AS DRIVE THE VEHICLES THE MILITARY HAS BEEN DRIVING ALL OVER THE WORLD. THE THREE MUSEUMS ARE HOST TO APPROXIMATELY 200,000 VISITORS EACH YEAR. 11348513 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 1 104 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AZ X MELISA LEY 5205740462 6000 E VALENCIA RD TUCSON AZ 85756 JENNIFER WALKER TRUSTEE 1.00 X 0 0 0 MAJ GEN RUSSELL VIOLETT TRUSTEE 1.00 X 0 0 0 JOHN TALLICHET TRUSTEE 1.00 X 0 0 0 MICHAEL STILB TRUSTEE 1.00 X 0 0 0 PATRICK PEPPER TRUSTEE 1.00 X 0 0 0 COL NEIL AURELIO TRUSTEE 1.00 X 0 0 0 MARK GASPARS TRUSTEE 1.00 X 0 0 0 WILLIAM FISHKIND TRUSTEE 1.00 X 0 0 0 GARY ABRAMS TRUSTEE 1.00 X 0 0 0 MICHAEL RUSING TRUSTEE 1.00 X 0 0 0 JOHN MARS TRUSTEE 1.00 X 0 0 0 LT GEN ROBERT B JOHNSTON TRUSTEE 1.00 X 0 0 0 BOYD DRACHMAN CHAIRMAN 1.00 X X 0 0 0 TOM MURPHY VICE CHAIRMAN 1.00 X X 0 0 0 GEORGE HENDERSON TREASURER 1.00 X X 0 0 0 JOHN WISNER SECRETARY 0.00 X X 0 0 0 KENNETH SCOTT MARCHAND CEO 40.00 X 222500 0 0 MELISA LEY DIR OF FINANCE & ADMINISTR 40.00 X 124615 0 0 347115 0 0 2 0 1 0 BARKER CONTRACTING INC 2127 E SPEEDWAY BLVD TUCSON AZ 85719 CONSTRUCTION OF THE TUCSON MILITARY VEHI 568119 ON POINT RENOVATION & CONSTRUCTION LLC 9495 N SAMMY AVENUE TUCSON AZ 85742 COLLECTION STORAGE EXPANSION 152429 2 5529621 4423017 5529621 ADMISSIONS 900099 3936822 3936822 PROGRAM SERVICES 900099 457290 457290 MEMBERSHIP DUES & ASSE 900099 117842 117842 CONTRACTED EVENTS 900099 101519 101519 SPECIAL EVENTS 900099 49259 49259 4662732 231417 231417 50928 -50928 -50928 -50928 1503381 978798 524583 524583 OTHER INCOME 900099 489372 489372 489372 11386797 5676687 0 180489 342500 342500 2072452 1677136 395316 517900 354185 163715 8549 8549 27000 27000 325507 322641 1216 1650 332871 307610 24860 401 74741 54670 20071 378528 363008 15520 19679 4333 15296 50 1181 1181 1170279 793431 376848 93477 51623 41854 COLLECTIONS 6230835 6230835 REPAIRS AND MAINTENANCE 458956 436219 22737 RESTORATION 223367 223367 MISCELLANEOUS 196912 188398 8514 492765 341057 151708 12967499 11348513 1616885 2101 70671 139340 3132429 2191619 7782593 52293 242007 520309 10189 35214427 16496120 18300092 18718307 1980581 9790295 1409851 1375544 32970517 32745603 251001 309901 14000 25874 30327 26183 675720 659879 971048 1021837 X 21135625 22524225 10863844 9199541 31999469 31723766 32970517 32745603 -1580702 1304999 0 X X 0 1 X 1 0 X 1465312 4938655 7141838 15262552 5529621 34337978 3881276 5619377 6860296 6516246 6655485 29532680 5346588 10558032 14002134 21778798 12185106 63870658 35000 3485920 5520000 6093000 4423017 19556937 0 35000 3485920 5520000 6093000 4423017 19556937 44313721 4641 4793 107910 143173 231417 491934 4641 4793 107910 143173 231417 491934 5351229 10562825 14110044 21921971 12416523 64362592 0.68850 0.69240 0.00760 0.00490 X PART III, SHORT YEAR EXPLANATION: MANAGEMENT OF THE FOUNDATION ELECTED TO CHANGE ITS FISCAL YEAR END FROM OCTOBER 31 TO SEPTEMBER 30. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 7890937 808799 8699736 111141 7779796 7890937 111141 111141 111141 111141 111141 111141 0.14000 0.86000 0 0 2641912 2641912 28900063 16468482 12431581 1041091 1041091 2631361 27638 2603723 18718307 OPERATING LEASE LIABILITY 659879 659879 X 13670594 1304999 978798 2283797 11386797 0 11386797 13946297 978798 978798 12967499 0 12967499 PART III, LINE 1A: THE FOUNDATION'S COLLECTIONS, REPRESENT AIRCRAFT AND RELATED ARTIFACTS WHICH WERE ACQUIRED BY DONATION, PURCHASE, OR PROVIDED ON LOAN FROM VARIOUS MILITARY BRANCHES AND AGENCIES OF THE UNITED STATES GOVERNMENT, OTHER MUSEUMS AND NON-PROFIT ORGANIZATIONS, AND INDIVIDUALS. THE ACCOUNTING STANDARDS DIVISION OF THE AICPA DISTINGUISHES BETWEEN INEXHAUSTIBLE MUSEUM COLLECTIONS AND EXHAUSTIBLE COLLECTIONS SUCH AS EXHIBITS WITH A DETERMINED DISPLAY LIFE. THE FOUNDATION MAINTAINS BOTH INEXHAUSTIBLE AND EXHAUSTIBLE COLLECTIONS. IT WAS THE FOUNDATION'S POLICY TO CAPITALIZE AND RECORD THE FAIR MARKET VALUE OF COLLECTION COSTS INCURRED PRIOR TO NOVEMBER 1, 2006. THE COST OF COLLECTIONS INCURRED PRIOR TO NOVEMBER 1, 2006, IS BEING AMORTIZED OVER 20 YEARS. THE COLLECTION COSTS INCURRED PRIOR TO NOVEMBER 1. 2006 WERE FULLY AMORTIZED PRIOR TO THE ELEVEN MONTHS ENDED SEPTEMBER 30, 2025. PURCHASES OF COLLECTION ITEMS SUBSEQUENT TO NOVEMBER 1, 2006, ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTION IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED ON THE FOUNDATION'S STATEMENT OF FUNCTIONAL EXPENSES. WHILE COLLECTIONS EXPENSE INCLUDES THE PERIODIC ACQUISITION OF PLANES OR OTHER INEXHAUSTIBLE PIECES, THE COLLECTION EXPENSE ALSO INCLUDES OPERATIONAL ITEMS SUCH AS TRANSPORTATION, SPARE PARTS, AND RESTORATION EXPENSE FOR PIECES NOT YET RECEIVED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. NO PROCEEDS FROM DEACCESSION OR INSURANCE RECOVERIES NOTED FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND OCTOBER 31, 2024. DIRECT RESTORATION COSTS ARE EXPENSED AS INCURRED. COLLECTION EXPENSE FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND OCTOBER 31, 2024, WERE $6,230,834 AND $5,838,524, RESPECTIVELY. PART III, LINE 4: THE ARIZONA AEROSPACE FOUNDATION (THE "FOUNDATION"), DBA PIMA AIR & SPACE MUSEUM IN TUCSON AND THE TITAN MISSILE MUSEUM IN SAHUARITA, WAS FORMED IN 1967 AS THE TUCSON AIR MUSEUM FOUNDATION. THE FOUNDATION OPENED ITS FIRST FACILITY ON VALENCIA ROAD IN 1976. MEMBERSHIP-SUPPORTED AND SUBSTANTIALLY VOLUNTEER-OPERATED, THE FOUNDATION'S FIRST EFFORTS CONSISTED ALMOST ENTIRELY OF COLLECTING, PRESERVING, AND DISPLAYING HISTORIC AIRCRAFT. OVER ITS 44-YEAR HISTORY, THE PIMA AIR & SPACE MUSEUM HAS GROWN TO BECOME ONE OF THE LARGEST PRIVATE AEROSPACE MUSEUMS IN THE WORLD, DISPLAYING MORE THAN 300 AIRCRAFT AND 125,000 ARTIFACTS IN FIVE HANGARS ACROSS 80 ACRES. VISITORS COME FROM ALL OVER THE WORLD TO VIEW OBJECTS THAT SPAN MORE THAN 100 YEARS OF AVIATION HISTORY, INCLUDING AN EXQUISITE REPLICA OF THE 1903 WRIGHT FLYER, PRESIDENT JOHN F. KENNEDY'S AIR FORCE ONE, AND THE FASTEST AIRPLANE EVER BUILT, THE SLEEK SR-71 BLACKBIRD. THE MUSEUM MAINTAINS ITS OWN AIRCRAFT RESTORATION CENTER AND IS ALSO THE EXCLUSIVE PROVIDER OF TOURS OF THE AEROSPACE MAINTENANCE AND REGENERATION GROUP KNOWN AS THE "BONEYARD" LOCATED AT DAVIS-MONTHAN AIR FORCE BASE. ADDITIONALLY, THE 390TH BOMBARDMENT GROUP (HEAVY) MEMORIAL MUSEUM IS LOCATED ON THE GROUNDS OF THE PIMA AIR & SPACE MUSEUM. IN 1985, THE PIMA AIR & SPACE MUSEUM BECAME THE HOME OF THE ARIZONA AVIATION HALL OF FAME("AAHOF"). ESTABLISHED BY A JOINT PROCLAMATION OF THE GOVERNOR OF ARIZONA, THE PIMA COUNTY BOARD OF SUPERVISORS, AND THE CITY OF TUCSON AND LOCATED IN THE DOROTHY FINLEY SPACE GALLERY, AAHOF EXHIBITS THE HISTORIES OF MORE THAN 80 ARIZONA MEN AND WOMEN WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE FIELD OF AVIATION AND AEROSPACE. AAHOF INDUCTEES INCLUDE SUCH LUMINARIES AS SENATOR BARRY GOLDWATER, SENATOR JOHN MCCAIN, AND ASTRONAUT FRANK BORMAN. OPENED IN 1986, THE TITAN MISSILE MUSEUM IS A UNIQUE FACILITY THAT IS COMPRISED OF TWO PARTS: THE COUNT FERDINAND VON GALEN TITAN MISSILE MUSEUM EDUCATION AND RESEARCH CENTER AND THE TITAN MISSILE NATIONAL HISTORIC LANDMARK. THE EDUCATION AND RESEARCH CENTER OPENED IN NOVEMBER 2003. IT HOUSES THE CLICK FAMILY EXHIBITS GALLERY, THE JIM AND MAXINE GREENWOOD AEROSPACE EDUCATION CENTER, AND A STATE-OF-THE ART ARCHIVAL AREA DEVOTED TO THE HISTORICAL DOCUMENTS AND ARTIFACTS OF THE TITAN II INTERCONTINENTAL BALLISTIC MISSILE ("ICBM") PROGRAM. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF TWO STRICTLY DONOR-RESTRICTED ENDOWMENT FUNDS, THE MACH 3 SOCIETY ENDOWMENT FUND AND THE ROBERT H. HAMILTON ENDOWMENT FUND TO SUPPORT THE GENERAL OPERATIONS OF THE FOUNDATION. THE FOUNDATION'S MANAGEMENT OF THIS FUND IS SUBJECT TO COMPLIANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, AS ADOPTED BY THE STATE OF ARIZONA. BASED ON THIS GUIDANCE, BOTH ENDOWMENTS ARE CLASSIFIED AS PERMANENTLY RESTRICTED TO THE EXTENT OF THE ORIGINAL VALUE OF GIFTS DONATED TO THE FUND. ANY EARNINGS ON THE FUND ARE TO BE ACCOUNTED FOR AS UNRESTRICTED FUNDS BY THE FOUNDATION. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS AN ARIZONA NON-PROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1). THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 978,798. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 978,798. PART X LINE 11 NEW OPERATING LEASE LIABILITY CURRENT AND NON-CURRENT PORTION IS $659,879. 0 0 0 0 0 0 0 0 0 KENNETH SCOTT MARCHAND CEO 222500 0 0 0 0 0 0 0 0 0 222500 0 0 0 X 1 4423017 MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 DISCOUNTED AND HONORARY LIFE MEMBERSHIPS FOR VOLUNTEERS ARE EXCLUDED FROM VOTING RIGHTS FOR THE ELECTION OF TRUSTEES. ALL OTHER MEMBERS HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WITH VOTING RIGHTS ELECT THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE BOARD TREASURER, EXECUTIVE DIRECTOR, AND DIRECTOR OF FINANCE AND ADMINISTRATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS EACH TRUSTEE, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND COMPLETE A STATEMENT DISCLOSING ANY CONFLICTS. STATEMENTS SHOULD BE UPDATED IF THERE ARE MATERIAL CHANGES. THE EXECUTIVE COMMITTEE MONITORS AND ENFORCES THE POLICY BY REVIEWING THE ANNUAL STATEMENTS AND TAKING OTHER ACTIONS DEEMED NECESSARY FOR EFFECTIVE OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 15A FOR THE CEO/EXECUTIVE DIRECTOR, THE EMPLOYEE HAS AN EMPLOYMENT CONTRACT WITH THE FOUNDATION FOR FIVE (5) YEARS. THE CONTRACT OUTLINES DUTIES, COMPENSATION, AND EMPLOYMENT TERMS. THE CONTRACT HAS BEEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 990 PAGE 1 BOX A STATEMENT OF REASON FOR CHANGE IN ACCOUNTING PERIOD THIS SHORT-PERIOD FORM 990 IS BEING FILED TO REPORT THE CHANGE IN THEORGANIZATION'S ANNUAL ACCOUNTING PERIOD FROM A OCTOBER 31 YEAR-END TO A SEPTEMBER 30 YEAR-END. THIS CHANGE IN ACCOUNTING PERIOD IS BEING MADE IN ACCORDANCE WITH THE SIMPLIFIED PROCEDURES SET FORTH IN REVENUE PROCEDURE 85-58.