General Aviation Manufacturers Association Inc
- Assets
- $15.0m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Washington, DC
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 52-0897278
Organization Overview
General Aviation Manufacturers Association Inc is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, General Aviation Manufacturers Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. General Aviation Manufacturers Association 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 12/2023, General Aviation Manufacturers Association Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIC PROPULSION AND INNOVATION - ADVANCES POLICY TO FACILITATE THE INTEGRATION OF INNOVATIVE AIRCRAFT DESIGNS, AVIATION AUTOMATION TECHNOLOGIES, AND PROPULSION SYSTEMS INTO GENERAL AVIATION. THE ASSOCIATION COLLABORATES CLOSELY WITH AVIATION AUTHORITIES LIKE THE FEDERAL AVIATION ADMINISTRATION, EUROPEAN UNION AVIATION SAFETY AGENCY, TRANSPORTATION SECURITY ADMINISTRATION, AND NATIONAL AERONAUTICS AND SPACE ADMINISTRATION TO ESTABLISH STANDARDS AND CERTIFICATION PATHWAYS FOR NEW AIRCRAFT, TECHNOLOGIES, AND OPERATIONS, ENSURING SAFETY AND PROGRESS IN THE INDUSTRY.
GOVERNMENT RELATIONS - PROMOTES GENERAL AVIATION POLICY OBJECTIVES THROUGH LEGISLATIVE AND ADVOCACY EFFORTS. THE ASSOCIATION REGULARLY MEETS WITH LEGISLATORS TO PROMOTE THE ECONOMIC CONTRIBUTIONS AND SOCIETAL BENEFITS OF GENERAL AVIATION, AND TO ADVOCATE POLICIES THAT BENEFIT MANFACTURING JOBS AND INDUSTRY COMPETITIVENESS. THE ASSOCIATION ALSO CONDUCTS ADVOCACY EFFORTS THAT HIGHLIGHT THE CONTRIBUTIONS OF ITS MEMBER COMPANIES AND THEIR WORKFORCES IN KEY STATES AND LOCALITIES. FINALLY, THE ASSOCIATION SERVES AS A RESOURCE TO THE LEGISLATORS FOR TECHNICAL AND REGULATORY ASSISTANCE WITH THE GOAL OF ENSURING THAT PENDING LEGISLATION PROMOTES SAFETY AND YIELDS EFFECTIVE AND EFFICIENT OVERSIGHT BY RELEVANT SAFETY AGENCIES.
TECHNICAL POLICY ISSUES - PROMOTES AIRWORTHINESS SAFETY OF GENERAL AVIATION AIRCRAFT BY WORKING WITH AVIATION MANUFACTURERS, REPAIR STATIONS, THE FEDERAL AVIATION ADMINISTRATION, THE EUROPEAN UNION AVIATION SAFETY AGENCY, AND THE INTERNATIONAL CIVIL AVIATION ORGANIZATION ON THE ESTABLISHMENT OF REGULATIONS AND POLICIES NECESSARY FOR SAFETY FOR THE DESIGN, PRODUCTION AND CONTINUING AIRWORTHINESS OF AIRCRAFT AND NEW TECHNOLOGIES AND AVIATION AUTHORITY CERTIFICATION AND OVERSIGHT PROCEDURES FOR MANUFACTURER DESIGN AND PRODUCTION AND REPAIR STATION ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Kralik Director | Trustee | 1 | $0 |
Jim Hirsch Director | Trustee | 1 | $0 |
Teri Short Director | Trustee | 1 | $0 |
Erik Hokuf Director | Trustee | 1 | $0 |
Kristofer Garberg Director | Trustee | 1 | $0 |
Adam Goldstein Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mehlman Castagnetti Rosen & Thomas Government Affairs Consulting Services | 12/30/23 | $149,486 |
Brookfield Properties Rent | 12/30/23 | $419,634 |
O'keeffe Shahmoradi Strategies Government Affairs Consulting Services | 12/30/23 | $120,818 |
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 | $83,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,000 |
| Total Program Service Revenue | $9,150,412 |
| Investment income | $459,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,240 |
| 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 | $9,717,541 |
| 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. | $1,795,394 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,146,686 |
| Pension plan accruals and contributions | $335,011 |
| Other employee benefits | $353,660 |
| Payroll taxes | $306,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,923 |
| Fees for services: Accounting | $75,991 |
| Fees for services: Lobbying | $282,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,855 |
| Fees for services: Other | $205,340 |
| Advertising and promotion | $62,621 |
| Office expenses | $207,498 |
| Information technology | $135,689 |
| Royalties | $0 |
| Occupancy | $507,025 |
| Travel | $618,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $432,851 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,839 |
| Insurance | $38,462 |
| All other expenses | $43,319 |
| Total functional expenses | $8,193,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,107 |
| Savings and temporary cash investments | $2,381,297 |
| 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 | $0 |
| Net Land, buildings, and equipment | $301,000 |
| Investments—publicly traded securities | $11,844,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,193 |
| Total assets | $15,000,578 |
| Accounts payable and accrued expenses | $17,107 |
| 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 | $0 |
| Total liabilities | $17,107 |
| Net assets without donor restrictions | $14,983,471 |
| 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 | $15,000,578 |