Experimental Aircraft Association Inc
- Assets
- $60.0m
- Revenue
- $44.4m
- Investments
- $0.0
- Employees
- 1,016
- Location
- Oshkosh, WI
- Founding
- 10/1993
- Data as of
- 02/2022
- EIN
- 39-0917537
Organization Overview
Experimental Aircraft Association Inc is located in Oshkosh, WI. The organization was established in 1993. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 02/2023, Experimental Aircraft Association Inc employed 1,016 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Experimental Aircraft Association 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 02/2022, Experimental Aircraft Association Inc generated $44.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $37.1m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Experimental Aircraft Association Inc has awarded 26 individual grants totaling $1,802,304. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATION TO GROWING AVIATION THROUGH PARTICIPATION & EDUCATION. DELIVER (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIRVENTURE - THE LARGEST AVIATION EVENT OF ITS KIND IS HELD EACH YEAR IN LATE JULY. AIRVENTURE EDUCATES THOSE ATTENDING ON AVIATION AND AIRCRAFT THROUGH EXHIBITS, DEMONSTRATION AIRSHOWS, EDUCATIONAL SESSIONS, AND INTERACTIVE DISPLAYS. THERE WERE APPROXIMATELY 650,000 AIRVENTURE ATTENDEES.
DESIGNATED CHAPTERS, MUSEUM ADMISSIONS, SPORT AIR WORKSHOPS, HOSTED EVENTS, AND SPECIAL INTEREST COMMUNITY SUPPORT.
MEMBERSHIP AND PUBLICATIONS - "SPORT AVIATION" IS A MONTHLY PUBLICATION ISSUED TO MEMBERS WITH A VARIETY OF EDUCATIONAL INFORMATION ON AVIATION. "AIRVENTURE TODAY" IS A DAILY NEWSPAPER PRINTED EVERY DAY DURING AIRVENTURE. OTHER VARIOUS PRINTED AND DIGITAL PUBLICATIONS ARE PRODUCED ON A PERIODIC BASIS TO INFORM AND EDUCATE MEMBERS OR AIRVENTURE ATTENDEES. INCLUDES COSTS ASSOCIATED WITH PROVIDING KNOWLEDGE AND INFORMATION TO ASSIST WITH TECHNICAL QUESTIONS ON AVIATION MATTERS AND PROMOTING MEMBERSHIP IN THE ORGANIZATION.
EAA PROVIDES FLIGHT EXPERIENCES IN VINTAGE AND HISTORICAL AIRCRAFT AT LOCAL AIRPORTS TO EDUCATE THE PUBLIC ABOUT THE HISTORY AND ROLE OF AIRCRAFT OVER TIME AND INSPIRE A FUTURE GENERATION TO ENGAGE IN AVIATION. THESE AIRCRAFT SERVE AS A LIVING HISTORY THAT HOLDS A REMARKABLE CONNECTION TO THE PAST. MAKING THESE AIRCRAFT ACCESSIBLE TO THE PUBLIC INCREASES THE PUBLIC'S KNOWLEDGE ABOUT THE ROLE OF AVIATION IN COMMERCE AND SECURITY, THE ENGINEERING ADVANCES THAT PROMOTED AVIATION AND THE WAYS IN WHICH AIRCRAFT REDEFINED WORLD TRAVEL. THIS YEAR OVER 54,000 FLIGHT EXPERIENCES WERE PROVIDED AND OVER 7,200 AIR TOURS WERE GIVEN ON OUR AIRCRAFT THAT TOURED THE UNITED STATES. TOUR STOPS ARE HOSTED BY VOLUNTEERS WHO ARE PASSIONATE ABOUT SHARING STORIES ABOUT THE PLANES ON THE TOUR AND EDUCATING (CONTINUED ON SCHEDULE O) THE ATTENDEES ABOUT THE IMPORTANCE OF AVIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Pelton Ceo/chairman Of The Board | OfficerTrustee | 32.5 | $402,414 |
Charlie Precourt Vice Chairman | OfficerTrustee | 10 | $0 |
Stuart Auerbach Treasurer | OfficerTrustee | 10 | $0 |
Jim Phillips Secretary | OfficerTrustee | 10 | $0 |
Mike Anderson Director - As Of 11/22 | Trustee | 10 | $0 |
Richard Beattie Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pit-stop Event Services Sanitary Services | 2/27/23 | $1,169,993 |
Streamworks Llc Membership Marketing | 2/27/23 | $342,903 |
Ghidorzi Construction Company General Contractor | 2/27/23 | $3,012,298 |
Arena Event Services Tent Rentals | 2/27/23 | $671,361 |
Real Construction Construction Services | 2/27/23 | $293,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,084,785 |
| Government grants | $4,495,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,472,734 |
| Noncash contributions included in lines 1a–1f | $369,363 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,053,061 |
| Total Program Service Revenue | $25,025,709 |
| Investment income | $280,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $579,323 |
| Net Rental Income | $425,532 |
| Net Gain/Loss on Asset Sales | $1,066,869 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,346,584 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,368,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,752 |
| Grants and other assistance to domestic individuals. | $1,671,461 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,753,545 |
| Compensation of current officers, directors, key employees. | $541,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,830,968 |
| Pension plan accruals and contributions | $401,546 |
| Other employee benefits | $1,120,535 |
| Payroll taxes | $785,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,735 |
| Fees for services: Accounting | $98,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,727 |
| Fees for services: Other | $4,269,536 |
| Advertising and promotion | $297,068 |
| Office expenses | $1,829,716 |
| Information technology | $666,232 |
| Royalties | $0 |
| Occupancy | $2,607,184 |
| Travel | $953,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,413 |
| Interest | $60,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,735,621 |
| Insurance | $1,795,232 |
| All other expenses | $2,942,717 |
| Total functional expenses | $37,134,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,387,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,557,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $884,345 |
| Prepaid expenses and deferred charges | $1,764,432 |
| Net Land, buildings, and equipment | $30,436,238 |
| Investments—publicly traded securities | $14,538,720 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,000 |
| Other assets | $2,425,547 |
| Total assets | $60,024,864 |
| Accounts payable and accrued expenses | $4,238,719 |
| Grants payable | $0 |
| Deferred revenue | $17,049,570 |
| Tax-exempt bond liabilities | $4,000,000 |
| 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 | $25,288,289 |
| Net assets without donor restrictions | $33,416,537 |
| Net assets with donor restrictions | $1,320,038 |
| 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 | $60,024,864 |
Grants Awarded
Over the last fiscal year, Experimental Aircraft Association Inc has awarded $67,853 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLYONSPEED INC PURPOSE: 2021 FOUNDERS INNOVATION PRIZE | $50,000 |
OSHKOSH AREA COMMUNITY PANTRY PURPOSE: GENERAL SUPPORT | $7,853 |
FOALE AEROSPACE INC PURPOSE: 2021 FOUNDERS INNOVATION PRIZE | $10,000 |