Michigan Business Aviation Association
- Assets
- $119.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 38-3391585
Organization Overview
Michigan Business Aviation Association is located in Lansing, MI. The organization was established in 1998. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, 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. Michigan Business Aviation 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, Michigan Business Aviation Association generated $121.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $107.8k during the year ending 12/2021. While expenses have increased by 5.2% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE MICHIGAN BUSINESS AVIATION ASSOCIATION (MBAA) HAS 85 MEMBERS. WE HAVE DEVELOPED A NEW WEBSITE TO KEEP OUR MEMBERS INFORMED OF IMPORTANT INFORMATION AND UPCOMING EVENTS. EVERY YEAR WE HOST A LEGISLATIVE LUNCHEON INVITING ALL MEMBERS OF THE MICHIGAN LEGISLATURE ALLOWING OUR MEMBERS AN OPPORTUNITY TO MEET WITH THEIR LEGISLATORS, BUILD RELATIONSHIPS AND EDUCATE THEM ABOUT THE IMPORTANT ROLE THE AVIATION INDUSTRY PLAYS IN OUR ECONOMY. MBAA HOSTS AN ANNUAL GOLF OUTING TO RAISE FUNDS TO HELP SUPPORT SCHOLARSHIPS FOR ASPIRING YOUNG AVIATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Walters Director | 1 | $0 | |
Gregory Schmidt Director | 1 | $0 | |
John Mcalindon Director | 1 | $0 | |
Michael Mullen Director | 1 | $0 | |
Andy Richards Director | 1 | $0 | |
Jay Orwin Immediate Past Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $78,100 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$51,163 |
| Other Revenue | $0 |
| Total Revenue | $121,187 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $37,945 |
| Occupancy, rent, utilities, and maintenance | $315 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,471 |
| Total expenses | $107,818 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,179 |
| Other assets | $0 |
| Total assets | $119,179 |
| Total liabilities | $30,200 |
| Net assets or fund balances | $88,979 |