Experimental Aircraft Association Inc
- Assets
- $53.9m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 306
- Location
- Oshkosh, WI
- Founding
- 10/1993
- Data as of
- 02/2021
- 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 02/2021, Experimental Aircraft Association Inc employed 306 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 02/2021, Experimental Aircraft Association Inc generated $18.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $27.3m during the year ending 02/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Experimental Aircraft Association Inc has awarded 33 individual grants totaling $1,945,499. 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
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. DUE TO THE 2020 COVID-19 PANDEMIC, AIRVENTURE WAS CANCELLED. ALTHOUGH THE SHOW WAS CANCELLED, COSTS WERE STILL INCURRED IN PLANNING FOR THE EVENT. AIRVENTURE IS EXPECTED TO RESUME IN FY22 AND WILL CONTINUE IN FUTURE YEARS.
MEMBERSHIP AND PUBLICATIONS - "SPORT AVIATION" IS A MONTHLY PUBLICATION ISSUED TO MEMBERS WITH A VARIETY OF EDUCATIONAL INFORMATION ON AVIATION. 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 SUPPORTS OVER 900 LOCAL DESIGNATED CHAPTERS. THESE CHAPTERS DO NO MEET THE DEFINITION OF "CHAPTERS" WITHIN THE MEANING PROVIDED BY THE FORM 990 INSTRUCTIONS. THESE SO-CALLED CHAPTERS ARE INDIVIDUAL STAND-ALONE ORGANIZATIONS THAT ARE ABOUT PEOPLE, BRINGING TOGETHER INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT AVIATION AS WELL AS SHARING THEIR OWN KNOWLEDGE. CHAPTER MEMBERS ARE INVOLVED IN A VARIETY OF SOCIAL AND EDUCATIONAL ACTIVITIES, INCLUDING YOUNG EAGLES RALLIES, FLY-INS, BUILDING SEMINARS, AND MORE, TO BUILD AWARENESS IN THE COMMUNITY. CHAPTERS ARE INSTRUMENTAL IN ADMINISTERING THE RAY AVIATION SCHOLARSHIP PROGRAM.
FLIGHT EXPERIENCES, MUSEUM ADMISSIONS, SPORT AIR WORKSHOPS, HOSTED EVENTS, AND SPECIAL INTEREST COMMUNITY SUPPORT.
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. DUE TO THE 2020 COVID-19 PANDEMIC, AIRVENTURE WAS CANCELLED. ALTHOUGH THE SHOW WAS CANCELLED, COSTS WERE STILL INCURRED IN PLANNING FOR THE EVENT. AIRVENTURE IS EXPECTED TO RESUME IN FY22 AND WILL CONTINUE IN FUTURE YEARS.
MEMBERSHIP AND PUBLICATIONS - "SPORT AVIATION" IS A MONTHLY PUBLICATION ISSUED TO MEMBERS WITH A VARIETY OF EDUCATIONAL INFORMATION ON AVIATION. 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 SUPPORTS OVER 900 LOCAL DESIGNATED CHAPTERS. THESE CHAPTERS DO NO MEET THE DEFINITION OF "CHAPTERS" WITHIN THE MEANING PROVIDED BY THE FORM 990 INSTRUCTIONS. THESE SO-CALLED CHAPTERS ARE INDIVIDUAL STAND-ALONE ORGANIZATIONS THAT ARE ABOUT PEOPLE, BRINGING TOGETHER INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT AVIATION AS WELL AS SHARING THEIR OWN KNOWLEDGE. CHAPTER MEMBERS ARE INVOLVED IN A VARIETY OF SOCIAL AND EDUCATIONAL ACTIVITIES, INCLUDING YOUNG EAGLES RALLIES, FLY-INS, BUILDING SEMINARS, AND MORE, TO BUILD AWARENESS IN THE COMMUNITY. CHAPTERS ARE INSTRUMENTAL IN ADMINISTERING THE RAY AVIATION SCHOLARSHIP PROGRAM.
FLIGHT EXPERIENCES, MUSEUM ADMISSIONS, SPORT AIR WORKSHOPS, HOSTED EVENTS, AND SPECIAL INTEREST COMMUNITY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Pelton Ceo/chairman Of The Board | OfficerTrustee | 32.5 | $320,124 |
Brian Wierzbinski Executive Vp/cfo | Officer | 37.5 | $243,777 |
Rick Larsen VP - Communities & Memb Program | Officer | 49 | $241,306 |
Sean Elliott VP - Advocacy & Safety | Officer | 50 | $222,219 |
Karen Kryzaniak VP - Risk Management & Hr | Officer | 50 | $213,783 |
James Busha VP - Memb, Marketing, Publications | Officer | 50 | $206,224 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Thornton Llp Accounting Services | 2/27/21 | $113,964 |
Streamworks Llc Membership Marketing | 2/27/21 | $466,270 |
Streamworks Llc Membership Marketing | 2/27/21 | $466,270 |
Grant Thornton Llp Accounting Services | 2/27/21 | $113,964 |
Real Construction Construction Services | 2/27/21 | $339,308 |
Real Construction Construction Services | 2/27/21 | $339,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,082,365 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | -$131,189 |
| Noncash contributions included in lines 1a–1f | $139,412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,951,176 |
| Total Program Service Revenue | $7,462,431 |
| Investment income | $352,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $614,699 |
| Net Rental Income | $145,293 |
| Net Gain/Loss on Asset Sales | $3,354,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $449,536 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,861,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,820 |
| Grants and other assistance to domestic individuals. | $1,143,609 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,811,712 |
| Compensation of current officers, directors, key employees. | $488,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,554,518 |
| Pension plan accruals and contributions | $441,486 |
| Other employee benefits | $1,676,169 |
| Payroll taxes | $647,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,837 |
| Fees for services: Accounting | $108,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,245 |
| Fees for services: Other | $1,712,848 |
| Advertising and promotion | $314,265 |
| Office expenses | $1,576,019 |
| Information technology | $589,036 |
| Royalties | $0 |
| Occupancy | $2,212,485 |
| Travel | $116,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,788 |
| Interest | $67,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,962,885 |
| Insurance | $1,689,219 |
| All other expenses | $1,434,682 |
| Total functional expenses | $27,348,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,273,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,894 |
| Accounts receivable, net | $533,911 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,097,480 |
| Prepaid expenses and deferred charges | $1,310,810 |
| Net Land, buildings, and equipment | $29,742,667 |
| Investments—publicly traded securities | $15,060,590 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,000 |
| Other assets | $2,886,877 |
| Total assets | $53,947,894 |
| Accounts payable and accrued expenses | $2,589,870 |
| Grants payable | $0 |
| Deferred revenue | $18,076,257 |
| Tax-exempt bond liabilities | $4,600,000 |
| 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 | $25,266,127 |
| Net assets without donor restrictions | $27,248,794 |
| Net assets with donor restrictions | $1,432,973 |
| 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 | $53,947,894 |
Grants Awarded
Over the last fiscal year, Experimental Aircraft Association Inc has awarded $240,440 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Oshkosh, WI PURPOSE: GENERAL SUPPORT | $110,220 |
Oshkosh, WI PURPOSE: GENERAL SUPPORT | $110,220 |
FLYING 12 CLUB LLC PURPOSE: FLYING CLUB GRANT | $10,000 |
FLYING 12 CLUB LLC PURPOSE: FLYING CLUB GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Experimental Aircraft Association Inc has recieved totaling $2,086,356.
| Awarding Organization | Amount |
|---|---|
Ray Foundation Inc Naples, FL PURPOSE: RESTRICTED GRANT - SCHOLARSHIP SUPPORT | $1,910,000 |
Ray Foundation Inc Naples, FL PURPOSE: KIDVENTURE OPERATING SUPPORT | $50,000 |
Henry And Louise Timken Foundation Canton, OH PURPOSE: GENERAL SUPPORT | $50,000 |
The Jek Foundation Inc Oshkosh, WI PURPOSE: PROJECT 21 CAMPAIGN PLEDGE | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,856 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $10,000 |
Endowment Analysis
| Beg. Balance | $31,088,638 |
| Earnings | $6,615,231 |
| Net Contributions | $1,754,205 |
| Grants | $1,193,240 |
| Ending Balance | $38,264,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Computing Technology Industry Association Inc Downers Grove, IL | $57,069,363 | $122,938,788 |
Experimental Aircraft Association Inc Oshkosh, WI | $53,947,894 | $18,861,933 |
American Nuclear Society Inc Lagrange Park, IL | $28,278,808 | $12,075,736 |
National Fluid Power Association Milwaukee, WI | $6,189,581 | $3,380,802 |
American Society Of Animal Science Inc Champaign, IL | $1,933,667 | $2,509,683 |
Crop Science Society Of America Inc Madison, WI | $6,303,627 | $2,355,841 |
International Valuation Standards Committee Chicago, IL | $2,748,445 | $2,098,608 |
Hourglass Chanhassen, MN | $1,334,767 | $1,710,702 |
American Ornithological Society Chicago, IL | $31,596,243 | $1,123,751 |
Common-A Users Group Inc Chicago, IL | $577,718 | $1,100,888 |
Diamond Key Security Nfp Palatine, IL | $426,550 | $1,330,490 |
Society Of Plastics Engineers Lake Forest, IL | $260,391 | $445,970 |