Oregon International Airshow Hillsboro Inc
- Assets
- $378.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Hillsboro, OR
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 30-0143892
Organization Overview
Oregon International Airshow Hillsboro Inc is located in Hillsboro, OR. The organization was established in 2003. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Oregon International Airshow Hillsboro Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon International Airshow Hillsboro Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Oregon International Airshow Hillsboro Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF AVIATION, EDUCATION, COMMUNITY INVOLVEMENT AND CONTRIBUTIONS TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A TOP QUALITY EVENT WHICH WILL EDUCATE PEOPLE ABOUT AVIATION AND PROVIDE CHARITY DOLLARS FOR NON PROFIT ORGANIZATIONS IN WASHINGTON COUNTY AND THE STATE OF OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Braack President | OfficerTrustee | 40 | $105,000 |
Steph Stricklen Chairman | OfficerTrustee | 2 | $0 |
Craig Vagt Secretary, T | OfficerTrustee | 2 | $0 |
Greg Zeuthen Past Chairma | Trustee | 2 | $0 |
Ian Pitts Director | Trustee | 2 | $0 |
Tony Hann Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,202 |
| Total Program Service Revenue | $1,539,103 |
| Investment income | $37 |
| 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 | $1,641,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,426 |
| 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. | $110,250 |
| Compensation of current officers, directors, key employees. | $55,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,716 |
| Pension plan accruals and contributions | $2,314 |
| Other employee benefits | $4,948 |
| Payroll taxes | $18,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,520 |
| Office expenses | $14,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,199 |
| Travel | $14,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,616 |
| Insurance | $27,570 |
| All other expenses | $70,593 |
| Total functional expenses | $1,496,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,697 |
| Savings and temporary cash investments | $73,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,600 |
| Net Land, buildings, and equipment | $15,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,601 |
| Total assets | $378,352 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,549 |
| Total liabilities | $13,549 |
| Net assets without donor restrictions | $364,803 |
| 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 | $378,352 |
Grants Awarded
Over the last fiscal year, Oregon International Airshow Hillsboro Inc has awarded $20,411 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HILLSBORO RUSH (SOCCER CLUB) PURPOSE: VOLUNTEER STIPEND | $9,725 |
AJ MARTINI'S MOBILE BARTENDING LLC PURPOSE: VOLUNTEER STIPEND | $5,186 |
AMERICAN LEGION POST 104 PURPOSE: VOLUNTEER STIPEND | $5,500 |