International Aerospace Environmental Group Inc
- Assets
- $1.3m
- Revenue
- $973.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Warrendale, PA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-2734220
Organization Overview
International Aerospace Environmental Group Inc is located in Warrendale, PA. The organization was established in 2012. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Aerospace Environmental Group Inc 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 12/2022, International Aerospace Environmental Group Inc generated $973.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IAEG PROMOTES THE COMMON BUSINESS INTERESTS OF AEROSPACE BUSINESSES IN RESPONDING TO AND COMPLYING WITH APPLICABLE ENVIRONMENTAL AND ESG REQUIREMENTS AND/OR EXPECTATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES COLLECTED FROM ABOUT 50 MEMBER COMPANIES TO SUPPORT THE INTERNATIONAL AEROSPACE ENVIRONMENTAL GROUP'S MISSION AND VISION, INCLUDING WORK GROUP ACTIVITIES.
WORK GROUP 1 CREATION OF THE AEROSPACE AND DEFENSE DECLARABLE SUBSTANCES LIST (AD-DSL) TO BE USED IN A STANDARD PROCESS WHEREIN SUPPLIERS WILL IDENTIFY WHEN REGULATED SUBSTANCES ARE INCLUDED IN SUPPLIED MATERIALS, PARTS, AND ASSEMBLIES, AS NEEDED FOR REGULATORY COMPLIANCE AND TO ENABLE DEVELOPMENT OF ENVIRONMENTALLY SUSTAINABLE PRODUCTS.
WORK GROUP 5 WORK TO FACILITATE THE CREATION OF EU REACH AUTHORIZATION APPLICATION CONSORTIA, FACILITATING EFFICIENCY IN THE AEROSPACE SUPPLY CHAIN BY ESTABLISHING A STANDARDIZED STRUCTURE, PROCESS, TOOLS, AND SUPPORTING EXPERTISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruno Costes Director/chairman | OfficerTrustee | 10 | $0 |
Steve Shestag Director/vice Chair/coo | OfficerTrustee | 12 | $0 |
Heather Daniels Director/treasurer | OfficerTrustee | 20 | $0 |
Monica Galisteo-Puyuelo Director/secretary | OfficerTrustee | 12 | $0 |
Rachel Becker Director/bus. Admin Ofcr. | OfficerTrustee | 20 | $0 |
Michele Lewis Dir/communications Officer | OfficerTrustee | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Webster Chamberlain Bean Llp Legal Fees | 12/30/22 | $226,557 |
Hellstrand Consulting Llc Management Support | 12/30/22 | $150,000 |
Haley Aldrich Inc Consulting | 12/30/22 | $106,208 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $640,750 |
| 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 | $640,750 |
| Total Program Service Revenue | $322,978 |
| Investment income | $9,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $973,485 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $158,119 |
| Fees for services: Legal | $226,557 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $533,046 |
| Advertising and promotion | $200 |
| Office expenses | $13,648 |
| Information technology | $29,292 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,490 |
| All other expenses | $2,758 |
| Total functional expenses | $1,069,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,242,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,404 |
| 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 | $11,791 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,278,713 |
| Accounts payable and accrued expenses | $158,783 |
| Grants payable | $0 |
| Deferred revenue | $501,825 |
| 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 | $0 |
| Total liabilities | $660,608 |
| Net assets without donor restrictions | $618,105 |
| 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 | $1,278,713 |