Airport Consultants Council Inc
- Assets
- $1.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Alexandria, VA
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 52-1133516
Organization Overview
Airport Consultants Council Inc is located in Alexandria, VA. The organization was established in 1979. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Airport Consultants Council Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Airport Consultants Council 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, Airport Consultants Council Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 7.8% 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
TO PROMOTE THE FUNDING OF AIRPORT FACILITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACC ACTIVITIES INCLUDE ANNUAL CONFERENCES AND SYMPOSIUMS TO BRING MEMBERS TOGETHER FOR UPDATES ON INDUSTRY ISSUES AND TECHNIQUES; PROVIDING VIRTUAL AND WEBINAR BASED TRAINING OPPORTUNITIES FOR LATEST INDUSTRY INFORMATION; AND OTHER MEMBERSHIP OPPORTUNITIES TO ENHANCE INDUSTRY KNOWLEDGE AND NETWORK WITH INDUSTRY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sri Kumar Director | Trustee | 1 | $0 |
Tom Mochty Director | Trustee | 1 | $0 |
Fin B Bonset Director | Trustee | 1 | $0 |
Kaly Queiroz Director | Trustee | 1 | $0 |
Carrie Shaeffer Director | Trustee | 1 | $0 |
Mae Whiteside Director | Trustee | 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 | $1,734,478 |
| Investment income | $4,409 |
| 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 | $1,787,122 |
| 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. | $307,964 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,553 |
| Pension plan accruals and contributions | $43,974 |
| Other employee benefits | $31,351 |
| Payroll taxes | $53,800 |
| Fees for services: Management | $100,529 |
| Fees for services: Legal | $1,804 |
| Fees for services: Accounting | $42,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,844 |
| Advertising and promotion | $0 |
| Office expenses | $65,991 |
| Information technology | $65,831 |
| Royalties | $0 |
| Occupancy | $82,307 |
| Travel | $5,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $286,082 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,184 |
| Insurance | $9,145 |
| All other expenses | $0 |
| Total functional expenses | $1,799,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,704 |
| Savings and temporary cash investments | $423,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $491 |
| 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 | $27,633 |
| Net Land, buildings, and equipment | $15,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,187 |
| Total assets | $1,004,974 |
| Accounts payable and accrued expenses | $240,766 |
| Grants payable | $0 |
| Deferred revenue | $412,403 |
| 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 | $653,169 |
| Net assets without donor restrictions | $351,805 |
| 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 | $1,004,974 |