Experimental Aircraft Association Inc in Virden, Illinois (IL)

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Experimental Aircraft Association Inc
Employer Identification Number (EIN)390917537
Name of OrganizationExperimental Aircraft Association Inc
In Care of NameAlden Van Winkle Chapter Treasurer
Address812 Country View St, Virden, IL 62690-1006
ActivitiesOther instruction and training
SubsectionEducational Organization
Ruling Date10/1993
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$43,441,384
Amount of Income$37,819,231
Form 990 Revenue Amount$35,119,825
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Professional Societies, Associations


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Amount of income in 2009: $37,819,231
This organization: 

 $37,819,231
Other organizations performing similar types of work: 

 $21,409,357

Assets in 2009: $43,441,384
This organization: 

 $43,441,384
Other organizations performing similar types of work: 

 $32,447,536

Expenses in 2014: $32,075,746
Experimental Aircraft Association Inc: 

 $32,075,746
Other organizations performing similar types of work: 

 $14,276,998

Income to expenses ratio in 2014: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.4

Expenses allocated to program services in 2007: 73.2%
Experimental Aircraft Association Inc: 

 73.2%
Other organizations performing similar types of work: 

 81.8%

Number of employees in 2014: 887
This organization: 

 887
Other organizations performing similar types of work: 

 85

Employees paid over $100,000 in 2014: 2.9%
This organization: 

 2.9%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 22.0%
Experimental Aircraft Association Inc: 

 22.0%
Other organizations performing similar types of work: 

 10.8%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?YesYesYes
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?YesYesNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYesNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096231215177
The number of Forms W-2G653
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return855881887
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?YesYesYes
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$2,228,366$3,144,389$1,967,532
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$273,867$253,100$357,553
Total number of individuals who received more than $100,000 of reportable compensation from the organization101412
Total number of independent contractors who received more than $100,000 of compensation from the organization101314
Statement of Revenue
2011201220132014
Total revenue$34,688,390$32,952,259$33,367,304$35,119,825
Contributions, Gifts, Grants and Other Similar Amounts$10,089,256$8,175,946$8,426,369$7,722,756
Program Service Revenue$22,251,163$21,596,864$21,750,390$23,425,087
900099$5,840,115$6,180,236$6,403,818
900099$3,469,776$5,601,113$5,611,834
532000$1,982,925$3,576,360$4,013,065
900099$1,920,790$2,066,231$2,377,109
541800$5,610,093$1,655,241$2,237,078
All other program service revenue$2,773,165$2,671,209$2,782,183
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$60,117$60,663$64,252$51,270
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$123,456$523,991$507,822$545,185
Net rental income$305,810$752,895$990,876$790,647
Gross rents (Real / Personal)$94,434 / $211,376$406,404 / $346,491$532,277 / $458,599$497,404 / $293,243
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$94,434 / $211,376$406,404 / $346,491$532,277 / $458,599$497,404 / $293,243
Net gain/loss from sales of assets other than inventory$-18,100$81,759$-217,191$59,291
Gross amount from sales of assets other than inventory (Securities / Other)$62,646 / $22,633$60,036 / $80,649$76,727 / $163,924$121,524 / $18,108
Less: cost or other basis and sales expenses (Securities / Other)$63,781 / $39,598$58,815 / $111$56,321 / $401,522$80,341 / $0
Gain or (loss) (Securities / Other)$-1,135 / $-16,965$1,221 / $80,538$20,406 / $-237,598$41,183 / $18,108
Net income/loss from fundraising events$-656,805$-681,011$-398,662$-291,787
Gross income from fundraising events$84,963$123,651$173,671$322,600
Less: direct expenses$741,768$804,662$572,333$614,387
Net income/loss from gaming activities$110,741$173,965$79,085$54,700
Gross income from gaming activities$538,987$495,054$89,100$102,000
Less: direct expenses$428,246$321,089$10,015$47,300
Net income/loss from sales of inventory$393,641$430,077$281,352$352,860
Gross sales of inventory, less returns and allowances$2,259,237$2,288,632$2,078,207$2,310,238
Less: cost of goods sold$1,865,596$1,858,556$1,796,855$1,957,378
Miscellaneous Revenue$2,029,111$1,837,110$1,883,011$2,409,816
561000$1,661,356$1,791,861$1,706,780
900099$75,478$49,146$369,664
900099$59,874$34,926$180,733
All other revenue$40,402$7,078$152,639
Statement of Functional Expenses
2011201220132014
Total functional expenses$35,146,896$32,654,792$31,735,930$32,075,746
Grants and other assistance to domestic organizations and domestic governments$5,771$34,043$64,084
Grants and other assistance to domestic individuals$146,895$102,635$136,344
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$2,628,432$2,036,457$2,022,746$1,574,399
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$7,611,335$8,308,832$7,478,199$8,096,054
Pension plan accruals and contributions$544,935$303,373$349,725
Other employee benefits$1,545,948$1,550,927$1,060,841
Payroll taxes$621,124$747,037$652,192$652,649
Fees for services (non-employees)
Management$0$0$0
Legal$94,960$110,187$203,937
Accounting$195,902$186,265$175,146
Lobbying$240,000$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$2,220,678$3,224,325$3,270,936
Advertising and promotion$915,165$833,203$737,025
Office expenses$4,053,331$4,287,940$4,505,797
Information technology$298,730$272,021$220,246
Royalties$0$0$0
Occupancy$2,256,781$2,275,738$2,358,007
Travel$1,244,556$1,217,304$1,252,301
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$177,948$142,253$116,312
Interest$279,650$225,388$223,162
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$1,924,211$1,786,577$1,794,587
Insurance$1,318,398$1,283,367$1,270,259
Other expenses$719,271$923,864$817,434
Other expenses$710,266$728,842$806,872
Other expenses$564,051$541,903$563,199
Other expenses$387,535$412,708$7,534
Other expenses$1,717,484$1,139,930$1,818,896
Balance Sheet
2011201220132014
Total assets$37,022,419$36,942,983$38,497,812$43,441,384
Cash - non-interest-bearing$2,098,660$2,276,919$2,284,664
Savings and temporary cash investments$3,220,690$5,521,568$9,329,531
Pledges and grants receivable, net$152,366$166,241$135,606
Accounts receivable, net$1,216,602$907,577$1,076,102
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$66,274$47,536$35,048
Inventories for sale or use$295,255$320,713$489,442
Prepaid expenses and deferred charges$726,453$836,055$751,323
Land, buildings, and equipment: cost or other basis$23,726,276$22,678,506$22,818,588
Investments - publicly traded securities$2,409,476$2,660,039$3,185,813
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$3,030,931$3,082,658$3,335,267
Total liabilities$20,497,519$19,967,233$19,627,929$20,983,063
Accounts payable and accrued expenses$3,310,385$3,066,703$3,240,799
Grants payable$0$0$0
Deferred revenue$7,465,002$7,385,850$8,259,933
Tax-exempt bond liabilities$7,430,831$7,798,600$7,880,618$8,800,000
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$102,327$55,291$155,464$103,841
Unsecured notes and loans payable to unrelated third parties$1,599,216$240,000$160,000$80,000
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,097,955$979,294$498,490
Total net assets or fund balances$16,524,900$16,975,750$18,869,883$22,458,321
Unrestricted net assets$15,879,491$17,409,792$20,874,069
Temporarily restricted net assets$1,096,259$1,460,091$1,584,252
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$166,295,238
Subtotal$170,751,892
Gifts, grants, contributions, and membership fees received$51,196,435
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$117,625,431
Gross receipts from activities that are not an unrelated trade or business under section 513$1,930,026
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$4,456,654
Amounts received from disqualified persons$1,062,721
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$3,393,933
Total support$176,036,010
Public support$170,751,892
Subtotal$4,398,160
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,398,160
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$885,958
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022004200520062007
Total revenue$17,567,239$17,923,325$20,507,429$26,041,194$27,787,274$29,634,650$30,432,295
Contributions, gifts, grants, and similar amounts received$1,598,018$1,135,844$3,285,688$3,744,968$2,893,365$4,424,117$3,681,860
Contributions to donor advised funds$0$0
Direct public support$1,598,018$1,135,844$3,285,688$3,744,968$2,893,365$4,397,717$2,576,932
Indirect public support$0$0$0$0$0$0$1,104,928
Government contributions (grants)$0$0$0$0$0$26,400$0
Program service revenue including government fees and contracts$8,969,463$9,435,983$9,583,108$13,515,883$15,140,417$14,921,192$16,318,286
Membership dues and assessments$5,956,439$5,948,401$6,049,973$6,116,419$6,152,456$6,278,728$6,231,167
Interest on savings and temporary cash investments$28,986$34,064$12,884$9,945$32,443$55,072$17,197
Dividends and interest from securities$37,439$40,163$40,396$49,759$70,121$90,937$115,262
Net rental income or (loss)$8,955$10,485$9,437$39,640$73,280$51,045$99,972
Gross rents$8,955$10,485$9,437$39,640$73,280$51,045$99,972
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-378,432$771$-29,907$8,440$-771$89$-811
Gross amount from sales of assets other than inventory$57,796$12,945$1,017$165,990$28,881$128,294$79,786
Less: cost or other basis and sales expenses$436,228$12,174$30,924$157,550$29,652$128,205$80,597
Net income or (loss) from special events and activities$0$0$0$440,265$1,054,280$1,376,624$1,597,396
Gross revenue$0$0$0$785,482$1,371,038$1,822,804$2,169,567
Less: direct expenses other than fundraising expenses$0$0$0$345,217$316,758$446,180$572,171
Gross profit or (loss) from sales of inventory$177,829$302,204$412,004$-19,022$128,889$219,882$166,027
Gross sales of inventory, less returns and allowances$1,261,134$1,333,959$1,375,015$1,945,046$2,333,361$2,241,410$2,186,231
Less: cost of goods sold$1,083,305$1,031,755$963,011$1,964,068$2,204,472$2,021,528$2,020,204
Other revenue$1,168,542$1,015,410$1,143,846$2,134,897$2,242,794$2,216,964$2,205,939
Total expenses$18,072,498$18,136,877$20,748,334$28,493,495$27,686,359$28,134,673$28,470,302
Program services$12,949,916$13,009,924$15,108,063$22,455,152$20,028,344$20,566,073$20,833,091
Management and general$5,122,582$5,126,953$5,640,271$5,405,034$6,756,244$6,670,808$6,475,300
Fundraising$0$0$0$633,309$901,771$897,792$1,161,911
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$5,952,443$5,613,992$5,121,600$10,975,181$11,024,149$12,627,118$14,460,188
Excess or (deficit) for the year$-505,259$-213,552$-240,905$-2,452,301$100,915$1,499,977$1,961,993
Net assets or fund balances at beginning of year$6,462,515$5,952,443$5,613,992$6,408,038$10,975,181$11,024,149$12,627,118
Other changes in net assets or fund balances$-4,813$-124,899$-251,487$7,019,444$-51,947$102,992$-128,923
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$28,470,302$20,833,091$6,475,300$1,161,911
Grants paid from donor advised funds$0
Other grants and allocations$83,418
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,018,999$529,621$1,489,378$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$7,409,883$6,272,349$644,347$493,187
Pension plan contributions not included above$467,712$164,932$284,849$17,931
Employee benefits not included above$1,567,393$1,017,860$502,781$46,752
Payroll taxes$681,943$489,606$157,820$34,517
Professional fundraising fees$0$0$0$0
Accounting fees$180,118$28,819$151,299$0
Legal fees$112,373$22,998$89,375$0
Supplies$396,948$376,115$4,537$16,296
Telephone$222,407$93,433$127,761$1,213
Postage and shipping$1,357,531$1,278,815$7,890$70,826
Occupancy$1,602,254$749,232$852,837$185
Equipment rental and maintenance$546,053$511,085$11,226$23,742
Printing and publications$1,258,216$1,238,335$12,824$7,057
Travel$927,322$815,878$79,544$31,900
Conferences, conventions, and meetings$132,844$62,680$42,461$27,703
Interest$26,354$4,217$22,137$0
Depreciation, depletion, etc.$792,571$792,391$0$180
Other expenses not covered above$8,685,963$6,301,307$1,994,234$390,422
Balance Sheets
2000200120022004200520062007
Total assets$18,028,383$18,603,115$18,309,445$23,685,072$23,436,376$23,313,469$25,532,042
Cash - non-interest-bearing$291,901$390,414$0$0$153,332$321,426$317,097
Savings and temporary cash investments$683,731$702,636$706,423$726,156$740,744$1,050,105$2,874,941
Accounts receivable less allowance for doubtful accounts$1,116,035$926,631$1,175,139$1,642,296$1,885,786$1,460,012$1,138,988
Pledges receivable less allowance for doubtful accounts$0$0$0$1,811,183$892,977$684,111$266,457
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$357,570$493,207$447,581$870,645$766,629$444,873$360,421
Prepaid expenses and deferred charges$286,870$323,313$964,815$644,513$332,333$287,750$366,115
Investments - publicly-traded securities$2,161,840$2,161,470
Investments - other securities$1,280,368$1,259,547$1,103,288$1,808,417$1,957,609$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$142,674$134,386$80,653$141,529$163,912$170,327$167,402
Land, buildings, and equipment less accumulated depreciation$13,029,726$13,165,554$13,788,982$13,625,031$16,089,297$16,370,741$14,642,941
Other assets, including program-related investments$839,508$1,207,424$42,564$2,415,302$453,757$362,284$3,236,210
Total liabilities$12,075,940$12,989,123$13,187,845$12,709,891$12,412,227$10,686,351$11,071,854
Accounts payable and accrued expenses$2,547,514$2,412,093$2,580,522$1,941,348$2,217,524$2,390,667$2,527,819
Grants payable$0$0$0$0$0$0$0
Deferred revenue$6,676,325$7,738,899$8,633,946$6,484,888$6,664,951$7,075,894$7,300,130
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$2,136,123$2,148,785$893,990$3,010,174$2,178,664$15,931$10,138
Other liabilities$715,978$689,346$1,079,387$1,273,481$1,351,088$1,203,859$1,233,767
Total liabilities and net assets/fund balances$18,028,383$18,603,115$18,309,445$23,685,072$23,436,376$23,313,469$25,532,042
Total net assets or fund balances$5,952,443$5,613,992$5,121,600$10,975,181$11,024,149$12,627,118$14,460,188
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022004200520062007
Total revenue$17,567,239$17,923,325$20,507,429$26,041,194$27,787,274$29,634,650$30,432,295
Total revenue, gains, and other support per audited financial statements$19,800,410$19,577,355$21,984,877$29,918,177$32,142,259$34,195,069$34,958,000
Other expenses$780,378$610,101$483,513$1,364,106$1,637,855$1,936,978$1,754,147
Net unrealized gains on investments$0$0$0$63,187$75,337$163,575$-129,724
Donated services and use of facilities$785,191$735,000$735,000$974,000$705,000$448,000$460,000
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$-4,813$-124,899$-251,487$326,919$857,518$1,325,403$1,423,871
Other revenue$-1,452,793$-1,043,929$-993,935$-2,512,877$-2,717,130$-2,623,441$-2,771,558
Investment expenses$0$0$0$0$0$0$0
Other$-1,452,793$-1,043,929$-993,935$-2,512,877$-2,717,130$-2,623,441$-2,771,558
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022004200520062007
Total expenses$18,072,498$18,136,877$20,748,334$28,493,495$27,686,359$28,134,673$28,470,302
Total expenses and losses per audited financial statements$20,310,482$19,915,806$22,477,269$32,469,418$32,093,291$32,592,100$33,124,930
Other revenue$2,304,224$1,778,929$1,728,935$3,975,923$4,406,932$4,457,427$4,654,628
Donated services and use of facilities$785,191$735,000$735,000$974,000$705,000$448,000$460,000
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$1,519,033$1,043,929$993,935$3,001,923$3,701,932$4,009,427$4,194,628
Other expenses$66,240$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$66,240$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$105,626$6,524$0
40$444,417$81,898$0
40$96,798$15,040$0
40$188,198$43,495$0
40$129,921$31,989$0
40$156,328$37,720$0
40$167,988$32,355$0
40$173,125$33,885$0
40$226,924$46,768$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings43
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006228
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$2,904,690$5,164,938$18,680,807
Program service revenue
Program service revenue 1000000$000$0$4,989,491
Program service revenue 2000000$0Section 501(c)(3), (4), (5), or (6) organization - Qualified convention and trade show activity income (section 513(d)(3))$3,517,803$0
Program service revenue 3Advertising and related services$2,750,49600$0$94,642
Program service revenue 4000000$000$0$1,687,530
Program service revenue 5000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$536,021$2,742,303
Advertising and related services$2,750,496$0$94,642
$0$0$0
$07$3,517,803$0
$0$0$4,989,491
$0$0$335,678
$0$0$259,098
$0$0$540,304
$01$2,460$0
$0$0$372,502
$0$0$0
$0$0$546,074
$01$533,561$0
$0$0$688,647
$0$0$1,687,530
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$6,231,167
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$17,197$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$115,262$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$99,972$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-811$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$316,673$1,280,723
Gross profit or (loss) from sales of inventory000000$000$0$166,027
Other revenueGift, novelty, and souvenir stores$154,194Royalty income excluded by section 512(b)(2)$562,821$1,488,924
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$128,601$28,507$0
$99,423$21,469$0
$101,289$15,776$0
$86,002$19,712$0
$91,292$13,207$0
Total number of other employees paid over $50,00032
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$240,000
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
1999200020012003200420052006
Total$16,272,690$17,208,006$16,938,950$25,585,341$24,049,965$28,614,634$29,588,536
Gifts, grants, and contributions received$1,289,014$1,598,018$1,135,844$8,865,888$1,933,785$3,811,571$4,632,983
Membership fees received$6,108,895$5,956,439$5,948,401$5,795,651$6,116,419$6,152,456$6,278,728
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$8,226,907$9,182,494$9,300,459$10,313,326$15,461,057$17,967,661$18,024,660
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$559,385$446,775$538,663$598,162$452,674$464,943$533,429
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$88,489$24,280$15,583$12,314$86,030$218,003$118,736
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$25,533,790
Total lobbying expenditures$240,000
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$240,000
Other exempt purpose expenditures$25,293,790
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$2,694,691$2,250,926$443,765
Gross receipts or sales less returns and allowances$337,740$0$0
Cost of goods sold$145,228$0$0
Gross profit$192,512$0$192,512
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$36,419$32,762$3,657
Advertising income$2,465,760$2,218,164$247,596
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$479,029
Compensation of officers, directors, and trustees$0
Salaries and wages$46,293
Repairs and maintenance$192
Bad debts$295
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$247,596
Other deductions$184,602
Unrelated business taxable income$-177,282
Unrelated business taxable income before net operating loss deduction$-35,264
Net operating loss deduction$142,018
Unrelated business taxable income before specific deduction$-177,282
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Experimental Aircraft Association Inc812 Country View St, Virden, IL 62690-1006IL1993-10$37,819,231
2American Society Of Civil Engineers, American Society Of Civil Engineers National Capital Section1801 Alexander Bell Dr, Reston, VA 20191VA1975-03$97,885
3American Society Of Mechanical Engineers, Asme Stud Sect Inter Amer Univ Pr22 Law Dr, Fairfield, NJ 07004-3218NJ1991-12$0
4American Society Of Mechanical Engineers, Brigham Young University-Idaho22 Law Dr, Fairfield, NJ 07004-3218NJ1991-10$0
5American Society Of Mechanical Engineers, Central Connecticut State Univ22 Law Dr, Fairfield, NJ 07004-3218NJ1991-12$0
6American Society Of Mechanical Engineers, Fort Smith University-Arkansas22 Law Dr, Fairfield, NJ 07004-3218NJ1991-12$0
7American Society Of Mechanical Engineers, Lipscomb University22 Law Dr, Fairfield, NJ 07004-3218NJ1991-12$0
8American Society Of Mechanical Engineers, San Diego University22 Law Dr, Fairfield, NJ 07004-3218NJ1991-12$0
9American Society Of Mechanical Engineers, Stu Sect Itt Technical Inst Arlingt22 Law Dr, Fairfield, NJ 07004-3218NJ1991-12$0
10Association For Computing Machinery700 College Drive, Decorah, IA 52101IA1968-05$0
11Association For Computing Machinery Inc Univ Of Texas At Austin, Univ Of Texas At Astn Acm Std ChptTaylor Hall 2 124, Austin, TX 78712TX1968-05$0
12Association For Computing Machinery, Ball State University2000 W University Ave, Muncie, IN 47306-1022IN1968-05$0
13Association For Computing Machinery, Bradley University Dept Of Cs1501 W Bradley Ave Rm 109, Peoria, IL 61606-1048IL1968-05$0
14Association For Computing Machinery, Brooklyn College Acm Chapter2900 Bedford Ave Ingersoll Rm 2117, Brooklyn, NY 11210NY1968-05$0
15Association For Computing Machinery, Ca State Univ Los Angeles Acm Chap5151 State University Dr, Los Angeles, CA 90032-4226CA1968-05$0
16Association For Computing Machinery, Ca State Univ Sacramento Acm Chapt6000 J St, Sacramento, CA 95819-2605CA1968-05$0
17Association For Computing Machinery, Clarion University Of PaPO BOX 34, Clarion, PA 16214-0034PA1968-05$0
18Association For Computing Machinery, Drexel University Mcs Society3141 Chestnut St, Philadelphia, PA 19104-2816PA1968-05$0
19Association For Computing Machinery, Monmouth Acm Chapter700 E Broadway, Monmouth, IL 61462-1963IL1968-05$0
20Association For Computing Machinery, St Louis Acm Sigchi900 Timberlake Dr, Edwardsville, IL 62025-4107IL1968-05$0
Number of organizations performing similar types of work
Alaska1
Alabama1
California5
Colorado1
District of Columbia3
Florida3
Georgia1
Iowa1
Illinois4
Indiana3
Louisiana2
Massachusetts2
Maryland5
Michigan2
Missouri1
North Carolina2
New Jersey10
New York8
Ohio2
Oregon1
Pennsylvania4
Rhode Island1
South Carolina2
Tennessee2
Texas4
Virginia4
Wisconsin1
Total76

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