National Business Aviation Association Inc
- Assets
- $52.3m
- Revenue
- $41.7m
- Investments
- $0.0
- Employees
- 84
- Location
- Washington, DC
- Founding
- 07/1989
- Data as of
- 06/2023
- EIN
- 52-1633654
Organization Overview
National Business Aviation Association Inc, operating under the name Nbaa, is located in Washington, DC. The organization was established in 1989. 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 06/2023, Nbaa employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nbaa 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 06/2023, Nbaa generated $41.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $42.2m during the year ending 06/2023. 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
TO FOSTER AN ENVIRONMENT THAT ALLOWS BUSINESS AVIATION TO THRIVE IN THE UNITED STATES AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NBAA'S BUSINESS AVIATION CONVENTION AND EXHIBITION (NBAA-BACE) PROVIDES AN UNSURPASSED OPPORTUNITY FOR THE SHOW'S 20,000 ATTENDEES TO VIEW THE LARGEST DISPLAY OF BUSINESS AVIATION EXHIBITS IN THE WORLD AND ATTEND A SERIES OF FORUMS FOR INFORMATION SHARING AND NETWORKING WITH PEERS. THIS GATHERING OF BUSINESS AVIATION PROFESSIONALS, IN WHICH BUSINESS AIRCRAFT MANAGEMENT, OPERATIONS, MAINTENANCE, BUDGETING AND PRODUCTS ARE COVERED EXHAUSTIVELY, IS THE SINGLE-MOST IMPORTANT BUSINESS AVIATION EVENT OF THE YEAR.
EBACE, JOINTLY HOSTED EACH YEAR BY THE EUROPEAN BUSINESS AVIATION ASSOCIATION (EBAA), THE LEADING ASSOCIATION FOR BUSINESS AVIATION IN EUROPE, AND THE NATIONAL BUSINESS AVIATION ASSOCIATION (NBAA), THE LEADING VOICE FOR THE BUSINESS AVIATION INDUSTRY IN THE UNITED STATES, IS THE PREMIER ANNUAL MEETING PLACE FOR THE EUROPEAN BUSINESS AVIATION COMMUNITY. THIS THREE-DAY EVENT FEATURES EXHIBITS, A LARGE DISPLAY OF AIRCRAFT, AND A FULL PROGRAM OF EDUCATION.
CONFERENCE AND SEMINAR PROGRAMS. THE ASSOCIATION OFFERS A COMPREHENSIVE PROGRAM OF INFORMATION SEMINARS, CONFERENCES AND WORKSHOPS FOR FLIGHT DEPARTMENT PERSONNEL. ALL JOB FUNCTIONS, INCLUDING SCHEDULERS, DISPATCHERS, FLIGHT ATTENDANTS, MAINTENANCE MANAGERS, TECHNICIANS, CHIEF PILOTS AND AVIATION DEPARTMENT MANAGERS ARE COVERED. THE CONFERENCES AND SEMINARS ADDRESS CURRENT INDUSTRY TRENDS AND ISSUES AS WELL AS BASIC HANDS-ON INFORMATION FOR THE SUCCESSFUL DAY-TO-DAY OPERATION OF A COMPANY'S FLIGHT DEPARTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward M Bolen President/ceo/director | OfficerTrustee | 50 | $2,152,538 |
Steven Brown Thru 1122 Chief Operating Officer | Officer | 50 | $601,868 |
Christopher Strong Senior VP Events | Officer | 50 | $465,599 |
Daniel Hubbard Sr VP Communications | Officer | 50 | $431,905 |
Marc Freeman CFO | Officer | 50 | $411,697 |
Andrew Broom Sr VP Strategy And Innovation | Officer | 50 | $405,471 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Freeman Co Inc Exhib Integ Svcs | 6/29/23 | $1,394,500 |
Freeman Audio Visual Solutions Audio Visual | 6/29/23 | $1,013,386 |
The Meetings Events Conductors L Transportation | 6/29/23 | $770,199 |
Lmg Inc Industry Relations | 6/29/23 | $491,069 |
Harry Walker Agency Llc Speaker Rep | 6/29/23 | $292,174 |
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 | $38,624,391 |
| Investment income | $789,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,237,075 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$576,783 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,691,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $456,504 |
| 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. | $7,207,494 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,625,242 |
| Pension plan accruals and contributions | $818,305 |
| Other employee benefits | $1,152,168 |
| Payroll taxes | $826,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $219,470 |
| Fees for services: Accounting | $109,453 |
| Fees for services: Lobbying | $1,870,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,203 |
| Fees for services: Other | $7,686,226 |
| Advertising and promotion | $335,426 |
| Office expenses | $1,024,489 |
| Information technology | $1,912,930 |
| Royalties | $0 |
| Occupancy | $1,116,793 |
| Travel | $1,641,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,324,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,578 |
| Insurance | $777,679 |
| All other expenses | $330,035 |
| Total functional expenses | $42,238,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,774,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $797,457 |
| Loans from Officers, Directors, or Controlling Persons | $1,202,027 |
| 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 | $438,616 |
| Investments—publicly traded securities | $34,234,200 |
| Investments—other securities | $0 |
| Investments—program-related | $1,602,006 |
| Intangible assets | $0 |
| Other assets | $10,275,685 |
| Total assets | $52,324,613 |
| Accounts payable and accrued expenses | $6,448,773 |
| Grants payable | $0 |
| Deferred revenue | $13,856,420 |
| 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 | $12,053,322 |
| Total liabilities | $32,358,515 |
| Net assets without donor restrictions | $19,966,098 |
| 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 | $52,324,613 |
Grants Awarded
Over the last fiscal year, National Business Aviation Association Inc has awarded $456,504 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR AVIATION ACROSS AMERICA PURPOSE: RELATED PROGRAM | $434,004 |
NBAA CHARITIES PURPOSE: RELATED PROGRAM | $22,500 |