Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
PIPER AVIATION MUSEUM FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)ONE PIPER WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOCK HAVEN, PA17745
A Employer identification number

23-2811016
B Telephone number (see instructions)

(570) 748-8283
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$851,659J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 57,335
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,348 1,348 1,348
4 Dividends and interest from securities... 18,308 18,308 18,308
5a Gross rents............ 108,677 108,677 108,677
b Net rental income or (loss) 97,419
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,128
b Gross sales price for all assets on line 6a 302,260
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 7,096
b Less: Cost of goods sold.... 2,024
c Gross profit or (loss) (attach schedule)..... Click to see attachment 5,072 5,072
11 Other income (attach schedule)....... Click to see attachment 11,612   11,612
12 Total. Add lines 1 through 11........ 203,480 128,333 145,017
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 47,479     47,479
15 Pension plans, employee benefits....... 8,252     8,252
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,006   2,006  
c Other professional fees (attach schedule)....        
17 Interest............... 1,252 1,252    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,215     2,215
19 Depreciation (attach schedule) and depletion... Click to see attachment 29,960 11,258 11,258
20 Occupancy.............. 15,027     15,027
21 Travel, conferences, and meetings....... 128     128
22 Printing and publications.......... 69     69
23 Other expenses (attach schedule)....... Click to see attachment 63,602 9,206   54,396
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 169,990 21,716 13,264 127,566
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 169,990 21,716 13,264 127,566
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,490
b Net investment income (if negative, enter -0-) 106,617
c Adjusted net income (if negative, enter -0-)... 131,753
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. -1,220 8,466 8,466
2 Savings and temporary cash investments......... 101,541 81,832 81,832
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 12,535 12,535 12,535
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 746,700 Click to see attachment746,824 746,824
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,268,816
Less: accumulated depreciation (attach schedule) bullet673,859 561,675 Click to see attachment594,957  
15 Other assets (describe bullet)   Click to see attachment2,002 Click to see attachment2,002
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,421,231 1,446,616 851,659
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 25,665  
22 Other liabilities (describe bullet) Click to see attachment2,403 Click to see attachment2,127
23 Total liabilities (add lines 17 through 22)......... 28,068 2,127
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,393,163 1,444,489
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,393,163 1,444,489
30 Total liabilities and net assets/fund balances (see instructions). 1,421,231 1,446,616
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,393,163
2
Enter amount from Part I, line 27a .....................
2
33,490
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
17,836
4
Add lines 1, 2, and 3 ..........................
4
1,444,489
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,444,489
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,482
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,482
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,482
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 26
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,508
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.PIPERMUSEUM.COM
    14
    The books are in care ofbulletSTACY YOUNG Telephone no.bullet (570) 748-8283

    Located atbulletONE PIPER WAYLOCK HAVENPA ZIP+4bullet17745
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN BRYERTON PRESIDENT
    2.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    PHIL HOY DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    TIMOTHY YOHO SECRETARY
    2.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    LOWELL DEPOY DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    CALVIN ARTER 2ND VICE PRE
    2.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    ELIZABETH TALLEY PIPER DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    ANGELA HARDING 1ST VP - TRE
    2.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    DENNIS CAPRIO DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    NANCY MERINAR DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    CLYDE SMITH DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    ROGER PEPERELL DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    GREGORY PEEK DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    RON DREMEL DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    STEVE GUNDY DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    BROOKS LUZIER DIRECTOR
    1.00     		0 0 0
    ONE PIPER WAY
    LOCK HAVEN,PA17745
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 OPERATION AND MAINTENANCE OF MUSEUM OF AIRCRAFT HISTORY 58,529
    2 PROGRAM SPECIFIC EVENTS RELATED TO PIPER AVIATION 498
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    690,546
    b
    Average of monthly cash balances.......................
    1b
    33,048
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    723,594
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    723,594
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    90,298
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    633,296
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    31,665
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    31,665
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,482
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,482
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    30,183
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    30,183
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    30,183
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    127,566
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    127,566
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    127,566
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 30,183
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 127,566
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 30,183
    e Remaining amount distributed out of corpus 97,383
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 97,383
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		97,383
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 97,383
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a  
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aMUSEUM ACTIVITIES     1 10,012  
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....     3 1,600  
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,348  
    4 Dividends and interest from securities....     14 18,308  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     25 97,419  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        1,128
    9 Net income or (loss) from special events:     1    
    10 Gross profit or (loss) from sales of inventory     2 5,072  
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   133,759 1,128
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    134,887
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    PIPER AVIATION MUSEUM FOUNDATION
     
    Employer identification number

    23-2811016
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    PIPER AVIATION MUSEUM FOUNDATION
          		Employer identification number
    23-2811016
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CLINTON COUNTY
    COUNTY RELIEF BLOCK GRANT
    2 PIPER WAY
    SUITE 300
    LOCK HAVEN, PA17745

    		$ 28,247


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    SMALL BUSINESS ADMINISTRATION
    PPP PROGRAM
    330 PINE STREET
     
    WILLIAMSPORT, PA17701

    		$ 13,700


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    PIPER AVIATION MUSEUM FOUNDATION
          		Employer identification number

    23-2811016
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    PIPER AVIATION MUSEUM FOUNDATION
          		Employer identification number

    23-2811016
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 2,006   2,006  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    IMPROVEMENTS 2013-09-12 23,164 3,644 S/L 27.5000 579 579 579  
    IMPROVEMENTS 2013-09-25 1,753 276 S/L 27.5000 44 44 44  
    IMPROVEMENTS 2013-10-21 3,670 570 S/L 27.5000 91 91 91  
    IMPROVEMENTS 2013-11-19 23,164 3,547 S/L 27.5000 579 579 579  
    SECOND FLOOR BATHROOM 2002-03-02 5,326 2,375 S/L 40.0000 133 133 133  
    THIRD FLOOR RENOVATION 1998-10-04 309,124 168,433 S/L 39.0000 7,927 7,927 7,927  
    2ND FLOOR PLANS 2018-05-21 5,700 602 S/L 15.0000 380 380 380  
    PARTY ROOM 2019-12-16 28,827   S/L 39.0000 739 739 739  
    2ND FLOOR EXPANSION 2020-07-01 56,620   S/L 39.0000 726 726 726  
    ELECTRICAL PARTY ROOM 2020-07-20 2,142   S/L 15.0000 60 60 60  
    MUSEUM BUILDING 1996-09-20 255,416 152,540 S/L 39.0000 6,549      
    CARPET 1997-03-15 7,945 4,643 S/L 39.0000 204      
    CARPET 1997-12-08 352 200 S/L 39.0000 9      
    FURNACE 1997-11-03 11,180 11,180 S/L 15.0000        
    RENOVATIONS 1997-06-10 11,840 6,843 S/L 39.0000 304      
    ELEVATOR REPAIRS 1998-05-10 3,127 1,737 S/L 39.0000 80      
    PLUMBING REPAIRS 1998-10-14 3,028 1,650 S/L 39.0000 78      
    DOOR BAR 1998-12-30 151 82 S/L 39.0000 4      
    CARPET 1998-12-24 719 388 S/L 39.0000 19      
    AIR CONDITIONER 1998-05-29 3,407 1,893 S/L 39.0000 87      
    PAINT 1999-06-09 5,597 2,954 S/L 39.0000 143      
    ELEVATOR 1999-09-27 49,120 25,609 S/L 39.0000 1,260      
    ROOF REPAIRS 2000-10-17 24,200 11,945 S/L 39.0000 620      
    HVAC HEATING 2000-01-19 5,090 2,611 S/L 39.0000 130      
    ROOF REPAIRS 2002-10-08 16,000 6,900 S/L 40.0000 400      
    EXPO SIGN 1995-10-04 221 221 S/L 7.0000        
    SHOECASES 1995-10-25 300 300 S/L 7.0000        
    DISPLAY CASES 1995-11-30 825 825 S/L 7.0000        
    SHELVING 1997-03-19 1,960 1,960 S/L 7.0000        
    LIGHTING FIXTURES 1997-10-03 283 283 S/L 7.0000        
    HEATING SYSTEM 1998-01-09 1,484 837 S/L 39.0000 38      
    SIGNS 1998-12-28 600 600 S/L 7.0000        
    TELEPHONE SYSTEM 1998-12-24 2,274 2,274 S/L 7.0000        
    FIRE ALARM 1998-12-04 2,363 2,363 S/L 7.0000        
    ALARM 1998-12-24 1,518 1,518 S/L 7.0000        
    FURNACE REPAIR 2002-12-03 444 444 S/L 10.0000        
    SIGNS AND SPEED BUMPS 2002-06-28 383 383 S/L 10.0000        
    COMPUTER AND PRINTER 1996-08-29 3,031 3,031 S/L 7.0000        
    COPIER 1997-07-08 2,060 2,060 S/L 7.0000        
    COMPUTER BACKUP SYSTEM 1997-01-14 381 381 S/L 7.0000        
    MONITOR 1998-08-03 152 152 S/L 7.0000        
    COMPUTER 2002-10-01 1,155 1,155 S/L 7.0000        
    DIGITAL CAMERA & SCANNER 2002-11-26 500 500 S/L 10.0000        
    HP COMPUTER & PRINTER 2002-03-11 598 598 S/L 10.0000        
    ASBESTOS REMOVAL 1998-10-04 25,655 13,979 S/L 39.0000 658      
    SIMULATOR PARTS 2001-01-01 1,725 1,725 S/L 10.0000        
    SIMULATOR 2001-01-01 15,296 15,296 S/L 10.0000        
    TRAILER 1995-05-11 22,053 22,053 S/L 5.0000        
    TRAILER IMPROVEMENTS 1995-08-15 962 962 S/L 5.0000        
    KENWORTH TRUCK 2000-01-27 10,000 10,000 S/L 5.0000        
    '91 CHEVY CAPRICE STATION WAGON 2002-12-27 3,350 3,350 S/L 10.0000        
    PT AIRPLANE 2005-06-20 13,000 13,000 S/L 7.0000        
    BUICK PARTS AND REPAIRS 2005-12-22 4,627 4,627 S/L 5.0000        
    COMPUTER 2006-01-10 848 848 S/L 5.0000        
    PROJECTOR 2006-01-18 870 870 S/L 7.0000        
    GAS GRIDDLE 2006-03-30 1,104 1,104 S/L 7.0000        
    WILLIAM PIPER EXIBIT 2009-12-21 58,157 58,157 S/L 7.0000        
    WILLIAM PIPER EXIBIT 2010-01-26 17,812 17,812 S/L 7.0000        
    LAWN TRACTOR 2011-03-18 1,699 1,699 S/L 7.0000        
    ROOF 2011-08-23 19,408 4,147 S/L 39.0000 498      
    EXIBIT 2011-01-11 2,439 2,439 S/L 7.0000        
    NEW ROOF 2012-10-26 95,965 17,635 S/L 39.0000 2,460      
    SHED 2014-09-18 3,240 1,134 S/L 15.0000 216      
    COPIER 2014-08-20 4,505 3,432 S/L 7.0000 644      
    HANGAR DOOR 2015-10-14 3,850 1,091 S/L 15.0000 257      
    TABLES AND CHAIRS 2016-09-30 3,262 1,514 S/L 7.0000 466      
    A/C UNIT 2016-03-15 8,500 2,172 S/L 15.0000 567      
    HEAT EXCHANGER 2016-12-21 2,766 553 S/L 15.0000 184      
    PARKING LOT PAVING 2017-09-11 37,100 2,220 S/L 39.0000 951      
    NEW FLOOR 2017-02-13 19,029 3,700 S/L 15.0000 1,269      
    DESK AND FILE CABINET 2018-11-07 1,200 200 S/L 7.0000 171      
    COMPUTER/LAPTOP/PRINTER 2018-11-21 1,336 289 S/L 5.0000 268      
    NEW STEEL DOOR 2020-04-03 4,480   S/L 20.0000 168      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    MERRILL LYNCH   PURCHASE     70,201 81,481     -11,280  
    MERRILL LYNCH   PURCHASE     197,416 181,252     16,164  
    PNC INVESTMENTS   PURCHASE     34,643 38,399     -3,756  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH 655,561 655,561
    PNC INVESTMENTS 91,263 91,263

    TY 2020 LandEtcSchedule2
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      1,268,816 673,859 594,957  


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name JERSEY SHORE STATE BANK
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 60,000
    Balance Due  
    Date of Note 2013-09
    Maturity Date 2023-10
    Repayment Terms MONTHLY PAYMENT OF 607.65
    Interest Rate 0.0395
    Security Provided by Borrower BUILDING
    Purpose of Loan IMPROVEMENTS
    Description of Lender Consideration  
    Consideration FMV  


    TY 2020 OtherAssetsSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREPAID PAYROLL   2,002 2,002


    TY 2020 OtherExpensesSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FUNDRAISING EVENT        
    FUNDRAISING EXPENSES        
    EXPENSES        
    ADVERTISING AND PROMOTION 2,509     2,509
    CLEANING SUPPLIES 849     849
    CREDIT CARD FEES 3,212     3,212
    DUES AND SUBSCRIPTIONS 375     375
    INSURANCE 25,276     25,276
    INVESTMENT FEES 9,206 9,206    
    LICENSES/PERMITS 180     180
    MUSEUM ACTIVITIES 498     498
    OFFICE EXPENSE 2,606     2,606
    POSTAGE 2,880     2,880
    REPAIRS AND MAINT 16,011     16,011


    TY 2020 OtherIncomeSchedule2
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MUSEUM ACTIVITIES 10,012   10,012
    MEMBERSHIP DUES 1,600   1,600


    TY 2020 OtherIncreasesSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 17,836


    TY 2020 OtherLiabilitiesSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 2,336 1,869
    SALES TAX LIABILITY 67 258


    TY 2020 SalesOfInventoryList 
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    GIFT SHOP 7,096 2,024 5,072

    TY 2020 TaxesSchedule
    Name:
    PIPER AVIATION MUSEUM FOUNDATION
    EIN:
    23-2811016
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAXES 2,215     2,215