Aircraft Electronics Association
- Assets
- $8.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Lees Summit, MO
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 43-1621707
Organization Overview
Aircraft Electronics Association is located in Lees Summit, MO. The organization was established in 1961. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Aircraft Electronics Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aircraft Electronics 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, Aircraft Electronics Association generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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 ENCOURAGE AND ADVANCE THE SCIENCE OF AIRCRAFT ELECTRONICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUE MONTHLY MAGAZINE TO APPROXIMATELY 10,000 INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF AIRCRAFT ELECTRONICS.
PROVIDE MEMBERSHIP WITH INFORMATION ON GOVERNMENT REGULATIONS AFFECTING THE AIRCRAFT ELECTRONICS INDUSTRY.
CONDUCT TRADE SHOWS ON AIRCRAFT ELECTRONICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Adamson President | Officer | 40 | $283,520 |
Debra Mcfarland Vice-Preside | Officer | 40 | $236,550 |
Richard Peri V.P. Gov't | Officer | 40 | $205,760 |
James Alpiser Treasurer | Officer | 1 | $0 |
William Hanf Vice Chairma | Officer | 1 | $0 |
Tom Harper Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,081,686 |
| Investment income | $252,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,348,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $772,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,841 |
| Pension plan accruals and contributions | $39,740 |
| Other employee benefits | $8,729 |
| Payroll taxes | $81,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,348 |
| Fees for services: Accounting | $20,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,384 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,044 |
| Office expenses | $41,896 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $61,165 |
| Travel | $54,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $534,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,669 |
| Insurance | $15,905 |
| All other expenses | $66,601 |
| Total functional expenses | $2,803,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,172,740 |
| Savings and temporary cash investments | $421,375 |
| 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 | $18,568 |
| Net Land, buildings, and equipment | $1,983,493 |
| Investments—publicly traded securities | $4,368,202 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $553,443 |
| Total assets | $8,517,821 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $562,685 |
| 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 | $420 |
| Total liabilities | $563,105 |
| Net assets without donor restrictions | $7,954,716 |
| 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 | $8,517,821 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aircraft Electronics Association has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Sportys Foundation Batavia, OH PURPOSE: SUPPORT THE MISSION TO FURTHER EDUCATION AND LEADERSHIP | $5,000 |
Peer Organizations
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|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |