Eaa Aviation Foundation Inc
- Assets
- $62.8m
- Revenue
- $14.2m
- Investments
- $11.9m
- Employees
- 5
- Location
- Oshkosh, WI
- Founding
- 10/1964
- Data as of
- 02/2021
- EIN
- 39-1033301
Organization Overview
Eaa Aviation Foundation Inc is located in Oshkosh, WI. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 02/2023, Eaa Aviation Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eaa Aviation Foundation 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, Eaa Aviation Foundation Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $6.5m during the year ending 02/2021. While expenses have increased by 13.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ADVANCE THE EDUCATIONAL MISSION OF EAA, INC. THROUGH (CONTINUED ON SCHEDULE O) THE SOLICITATION OF CONTRIBUTIONS. TO INVEST FUNDS AND USE THE EARNINGS TO SUPPORT THE MISSION OF EAA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT CONSISTENT WITH EAA FOUNDATION'S PRIMARY EXEMPT PURPOSE TO EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IN SUPPORT OF THE AFFILIATED ORGANIZATION'S GENERAL OPERATIONS, SCHOLARSHIPS, INTERNSHIPS, YOUNG EAGLES PROGRAM, OTHER YOUTH EDUCATION PROGRAMS, FLIGHT SAFETY PROGRAMS, SUPPORT OF WOMEN IN AVIATION, AND AVIATION MUSEUM COLLECTIONS. SMALL DONATIONS WERE ALSO MADE TO AVIATION ENTITIES WITH MISSIONS AND PURPOSES CONSISTENT WITH THOSE OF EAA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Pelton President | OfficerTrustee | 17.5 | $216,685 |
Eric Gurley Vice President | OfficerTrustee | 10 | $0 |
Louis Andrew Secretary/treasurer | OfficerTrustee | 10 | $0 |
Charles Ahearn Trustee | Trustee | 10 | $0 |
Norm Dewitt Trustee | Trustee | 10 | $0 |
Larry Kekst Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,171,097 |
| Investment income | $670,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,972 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,398,899 |
| Net Income from Fundraising Events | -$13,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,243,844 |
| Statement of Expenses | |
|---|---|
| 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. | $375,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,636 |
| Pension plan accruals and contributions | $3,742 |
| Other employee benefits | $52,823 |
| Payroll taxes | $28,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,944 |
| Fees for services: Accounting | $25,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,113 |
| Fees for services: Investment Management | $98,243 |
| Fees for services: Other | $108,135 |
| Advertising and promotion | $105,121 |
| Office expenses | $101,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,692 |
| Travel | $1,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,277 |
| Insurance | $23,585 |
| All other expenses | $0 |
| Total functional expenses | $6,489,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,067,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,732,420 |
| Accounts receivable, net | $261,157 |
| 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 | $327,380 |
| Investments—publicly traded securities | $31,607,476 |
| Investments—other securities | $11,866,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,906,394 |
| Total assets | $62,820,883 |
| Accounts payable and accrued expenses | $384,549 |
| 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 | $144,652 |
| Total liabilities | $529,201 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $62,291,682 |
Grants Awarded
Over the last fiscal year, Eaa Aviation Foundation Inc has awarded $3,806,545 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EXPERIMENTAL AIRCRAFT ASSOCIATION INC PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $3,771,076 |
EAA VINTAGE AIRCRAFT ASSOCIATION INC PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $35,469 |