Aircraft Fleet Recycling Association
- Assets
- $667.9k
- Revenue
- $286.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 20-8230675
Organization Overview
Aircraft Fleet Recycling Association is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aircraft Fleet Recycling Association 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, Aircraft Fleet Recycling Association generated $286.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $144.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AFRA IS THE LEADING GLOBAL ORGANIZATION FOR DEVELOPING AND PROMOTING THE SAFE AND SUSTAINABLE MANAGEMENT OF CIRCULARITY OF COMPONENTS AND AIRCRAFT IN THE AVIATION SECTOR. IT'S MISSION IS TO ELEVATE INDUSTRY PERFORMANCE AND INCREASE COMMERCIAL VALUE FOR END-OF-SERVICE AIRCRAFT AND TO IMPROVE THE MANAGEMENT OF END-OF-LIFE AIRCRAFT IN TERMS OF ENVIRONMENTAL AND SUSTAINABLE PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED MAINTENANCE OF GOVERNMENT AFFAIRS AND INDUSTRY STANDARD FOR DISASSEMBLY OF AIRCRAFT, ENGINE, AND APU'S, AND AUDITING DEVELOPMENT OF GOVERNMENT AFFAIRS AND INDUSTRY STANDARD FOR RECYCLING OF AIRCRAFT METALS AND MATERIALS AND AUDITING STANDARDS. THIS INCLUDES NEW FUTURE TECHNOLOGY DEVELOPMENT WHICH SUPPORTS EFFORTS TO RECYCLE THE ENTIRE AIRCRAFT ENGINE OR APU SO ALL MATERIALS ARE REUSED AND ZERO IMPACT ON LANDFILLS. IN 2012 AFRA ADDED RECYCLING BMP TO THE ACCREDITATION PROGRAM.
THE AFRA ANNUAL MEETING IS THE MOST COMPREHENSIVE EDUCATIONAL EVENT FOR THE AIRCRAFT FLEET RECYCLING INDUSTRY. AFRA PRESENTS WORKSHOPS ON THE MOST SIGNIFICANT CHANGES IN THE INDUSTRY. THE 2021 ANNUAL MEETING WAS HELD VIRTUALLY DUE TO THE ONGOING COVID-19 PANDEMIC, WHICH CAUSED SIGNIFICANT TRAVEL RESTRICTIONS WORLDWIDE.
AFRA'S WEBPAGE IS AN INDUSTRY TECHNICAL RESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Webb President | OfficerTrustee | 2 | $0 |
Matthew Davis Treasurer | OfficerTrustee | 2 | $0 |
Sean Newsum Vice President | OfficerTrustee | 2 | $0 |
James Cobbold Secretary | OfficerTrustee | 2 | $0 |
Scott Austin Director | Trustee | 1 | $0 |
Mike Corne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $50,000 |
| Total Program Service Revenue | $236,231 |
| Investment income | $18 |
| 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 | $286,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $23,330 |
| Fees for services: Legal | $5,097 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,524 |
| Advertising and promotion | $0 |
| Office expenses | $463 |
| Information technology | $3,259 |
| Royalties | $0 |
| Occupancy | $24,233 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,773 |
| All other expenses | $0 |
| Total functional expenses | $144,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,105 |
| Savings and temporary cash investments | $434,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,779 |
| 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 | $667,945 |
| Accounts payable and accrued expenses | $660 |
| Grants payable | $0 |
| Deferred revenue | $34,338 |
| 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 | $34,998 |
| Net assets without donor restrictions | $632,947 |
| 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 | $667,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute Of Physics Incorporated College Park, MD | $265,323,832 | $79,890,854 |
American Physical Society College Park, MD | $294,467,482 | $83,272,367 |
American Society Of Civil Engineers Reston, VA | $80,247,990 | $62,671,354 |
American Society For Microbiology Washington, DC | $150,116,878 | $47,169,263 |
Society For Science And The Public Washington, DC | $102,112,945 | $28,541,247 |
National Mining Association Washington, DC | $46,237,284 | $38,836,744 |
American Society For Engineering Education Washington, DC | $9,064,314 | $18,727,509 |
Information Technology Industry Council Ltd Washington, DC | $23,400,672 | $20,714,529 |
The Computing Research Association Inc Washington, DC | $7,343,840 | $10,008,552 |
American Society For Biochemistry And Molecular Biology Inc Rockville, MD | $126,574,647 | $17,687,280 |
American Association Of Physicists In Medicine Alexandria, VA | $31,609,322 | $9,947,196 |
The National Council Of Teachers Of Mathematics-Incorporated- Reston, VA | $18,084,320 | $8,296,750 |