Aerospace Futures Alliance Of Washington
- Assets
- $88.7k
- Revenue
- $806.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-5001571
Organization Overview
Aerospace Futures Alliance Of Washington is located in Seattle, WA. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Aerospace Futures Alliance Of Washington employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerospace Futures Alliance Of Washington is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Aerospace Futures Alliance Of Washington generated $806.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $747.0k during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Aerospace Futures Alliance Of Washington has awarded 17 individual grants totaling $435,361. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE BUSINESS CONDITIONS AND TO SUPPORT THE AEROSPACE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE BUSINESS CONDITIONS IN SUPPORT OF THE AEROSPACE INDUSTRY THROUGH EDUCATION AND LOBBYING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Wittman Executive Director | Officer | 40 | $133,325 |
Dave Dickson Chair | OfficerTrustee | 0.2 | $0 |
John Monroe Vice Chair | OfficerTrustee | 0.2 | $0 |
Star Fischer Treasurer (thru 12/21) | OfficerTrustee | 0.2 | $0 |
Lynnette Muenzberg Secretary | OfficerTrustee | 0.2 | $0 |
Vanessa Oviatt Treasurer | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $525,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,000 |
| Total Program Service Revenue | $230,898 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $806,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $379,844 |
| Grants and other assistance to domestic individuals. | $13,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,073 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,020 |
| Pension plan accruals and contributions | $1,313 |
| Other employee benefits | $0 |
| Payroll taxes | $14,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,703 |
| Travel | $61 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,849 |
| All other expenses | $370 |
| Total functional expenses | $747,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,748 |
| Accounts payable and accrued expenses | $16,965 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,965 |
| Net assets without donor restrictions | $71,783 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $88,748 |
Grants Awarded
Over the last fiscal year, Aerospace Futures Alliance Of Washington has awarded $376,718 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE VELOCITY PURPOSE: TO DEVELOP ACTIONABLE RECOVERY AND RESILIENCE SOLUTIONS FOR AEROSPACE COMPANIES IN SNOHOMISH COUNTY. | $108,000 |
SITECRAFTING PURPOSE: TO DEVELOP ACTIONABLE RECOVERY AND RESILIENCE SOLUTIONS FOR AEROSPACE COMPANIES IN SNOHOMISH COUNTY. | $45,000 |
AEROTEC PURPOSE: TO DEVELOP ACTIONABLE RECOVERY AND RESILIENCE SOLUTIONS FOR AEROSPACE COMPANIES IN SNOHOMISH COUNTY. | $42,527 |
DEEP BLUE STRATEGIC ADVISORS PURPOSE: TO DEVELOP ACTIONABLE RECOVERY AND RESILIENCE SOLUTIONS FOR AEROSPACE COMPANIES IN SNOHOMISH COUNTY. | $39,000 |
CORTAC PURPOSE: TO DEVELOP ACTIONABLE RECOVERY AND RESILIENCE SOLUTIONS FOR AEROSPACE COMPANIES IN SNOHOMISH COUNTY. | $30,000 |
EVERETT COMMUNITY COLLEGE PURPOSE: TO DEVELOP ACTIONABLE RECOVERY AND RESILIENCE SOLUTIONS FOR AEROSPACE COMPANIES IN SNOHOMISH COUNTY. | $29,390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |