Aerospace Industries Association Of America Inc
- Assets
- $34.9m
- Revenue
- $21.2m
- Investments
- $0.0
- Employees
- 89
- Location
- Arlington, VA
- Founding
- 07/1947
- Data as of
- 12/2022
- EIN
- 53-0023710
Organization Overview
Aerospace Industries Association Of America Inc is located in Arlington, VA. The organization was established in 1947. 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 12/2022, Aerospace Industries Association Of America Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerospace Industries Association Of America 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, Aerospace Industries Association Of America Inc generated $21.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $20.9m during the year ending 12/2022. While expenses have increased by 3.7% 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 ADVOCATE FOR POLICIES AND INVESTMENTS THAT KEEP OUR COUNTRY STRONG, BOLSTER OUR CAPACITY TO INNOVATE, AND SPUR ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CIVIL AVIATION DIVISION ADDRESSES NONCOMPETITIVE DOMESTIC AND INTERNATIONAL CIVIL AVIATION ISSUES. STRATEGIC DIRECTION FOR THE DIVISION IS PROVIDED BY THE CEO-LEVEL CIVIL AVIATION LEADERSHIP COUNCIL (CALC). THE CALC SETS THE DIRECTION FOR THE CIVIL AVIATION COUNCIL (CAC) ON THE ASSOCIATION'S TOP CIVIL AVIATION POLICY PRIORITIES. THE CAC THEN MANAGES THE TACTICAL ACTIVITIES OF THE ASSOCIATION'S COMMITTEES, SUBCOMMITTEES AND WORKING GROUPS ON ISSUES SUCH AS SAFELY ENABLING OPERATION OF NEW ENTRANTS AND DEPLOYING INNOVATIVE INDUSTRY TECHNOLOGIES, AIRCRAFT NOISE AND EMISSIONS IMPACTS, CHEMICAL POLICY MANAGEMENT, GAINING CERTIFICATION EFFICIENCIES, ENSURING CONTINUOUS AVIATION SAFETY, CYBERSECURITY, AND NEXTGEN NATIONAL AIR TRANSPORTATION SYSTEM MODERNIZATION. IN ADDITION, THE CAC COORDINATES WITH OTHER AVIATION ASSOCIATIONS AND SAFETY AGENCIES AROUND THE WORLD. THE DIVISION ALSO GUIDES THE ASSOCIATION'S INPUT TO THE INTERNATIONAL COORDINATING COUNCIL OF AEROSPACE INDUSTRIES ASSOCIATIONS (ICCAIA), PROVIDING MEANINGFUL SECTOR INPUT TO THE INTERNATIONAL CIVIL AVIATION ORGANIZATION (ICAO).CIVIL AVIATION'S ACTIVITIES ARE ORGANIZED AROUND THREE PRIMARY OBJECTIVES: (1) ACHIEVE CIVIL AVIATION GROWTH THROUGH REGULATORY REFORM, PROMOTION OF EFFICIENT REGULATORY PRACTICES, AND SECURING STRATEGIC INVESTMENT (2) SHAPE AND ENSURE A GLOBAL FRAMEWORK TO ALLOW FOR INTEGRATION OF NEW TECHNOLOGIES AND NEW ENTRANTS (3) MINIMIZE AVIATION'S ENVIRONMENTAL IMPACT THROUGH DEVELOPMENT OF SMART DOMESTIC AND INTERNATIONAL REGULATIONS AND POLICIES.
THE NATIONAL SECURITY POLICY DIVISION IS RESPONSIBLE FOR THE IMPLEMENTATION OF NATIONAL SECURITY POLICY-RELATED GOALS STEMMING FROM THE ASSOCIATION'S STRATEGIC PLAN THROUGH THE DEFENSE POLICY COUNCIL AND THE ACQUISITION POLICY COUNCIL. THE DEFENSE POLICY COUNCIL IS COMPOSED OF SENIOR REPRESENTATIVES FROM THE ASSOCIATION'S CORPORATE MEMBERSHIP AND IS RESPONSIBLE FOR DEVELOPING AND PROMOTING THE ASSOCIATION POSITIONS ON NATIONAL SECURITY POLICY AND DEFENSE BUDGETS. THE ACQUISITION POLICY COUNCIL IS COMPRISED OF THE SENIOR CORPORATE CONTRACTS VICE PRESIDENTS FROM THE ASSOCIATION'S CORPORATE MEMBERSHIP AND IS RESPONSIBLE FOR DEVELOPING AND PROMOTING THE ASSOCIATION POSITIONS ON DEPARTMENT OF DEFENSE ACQUISITION POLICY AND BUSINESS PRACTICES.
THE TECHNICAL OPERATIONS DIVISION IS RESPONSIBLE FOR TECHNICAL PROGRAM MANAGEMENT, OPERATIONS, AND INDUSTRIAL-BASE ISSUES AS THEY AFFECT THE DEVELOPMENT, PRODUCTION AND SUPPORT OF AIRCRAFT, MISSILES, SPACE VEHICLES, AND AEROSPACE SYSTEMS. THE TECHNICAL OPERATIONS COUNCIL (TOC) IS COMPRISED OF INDUSTRY'S EXECUTIVE TECHNICAL LEADERSHIP ADDRESSING NONCOMPETITIVE ISSUES USING A CONSENSUS PROCESS. IT COORDINATES AND DEVELOPS POLICY, REQUIREMENTS, STANDARDIZATION, GUIDELINES, AND STANDARDS TO ENHANCE ADOPTION OF NEW TECHNOLOGY, STREAMLINE BUSINESS PROCESSES THROUGH INTEROPERABILITY, PROMOTE DIGITAL ENGINEERING, INNOVATIVE APPROACHES TO SUSTAINMENT, AND DATA DRIVEN RISK-BASED APPROACHES TO QUALITY MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Fanning President & CEO | OfficerTrustee | 34.5 | $1,552,091 |
Mike Petters Chair Until 11/2022 | OfficerTrustee | 1.5 | $0 |
Tom Gentile Vice Chair | OfficerTrustee | 1.5 | $0 |
Jim Adams Board Member | Trustee | 1.5 | $0 |
Richard Addi Board Member | Trustee | 1.5 | $0 |
Florian Aigrain Board Member | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cook & Associates Event Services | 12/30/22 | $834,624 |
Rsm Us Llp Information Technology Services | 12/30/22 | $702,268 |
Bureau Of Labor Statistics Consulting Services - Survey | 12/30/22 | $463,500 |
Marcum Llp Accounting And Hr Services | 12/30/22 | $427,303 |
National Research Council Of Canada Consulting Services - Icc Testing | 12/30/22 | $420,000 |
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 | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,000 |
| Total Program Service Revenue | $17,300,961 |
| Investment income | $880,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,156,852 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$197,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,201,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,101 |
| Grants and other assistance to domestic individuals. | $40,948 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,717,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,412,186 |
| Pension plan accruals and contributions | $195,320 |
| Other employee benefits | $311,153 |
| Payroll taxes | $531,697 |
| Fees for services: Management | $58,086 |
| Fees for services: Legal | $326,915 |
| Fees for services: Accounting | $384,240 |
| Fees for services: Lobbying | $249,668 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,311 |
| Fees for services: Other | $788,024 |
| Advertising and promotion | $13,154 |
| Office expenses | $336,650 |
| Information technology | $610,517 |
| Royalties | $0 |
| Occupancy | $1,142,298 |
| Travel | $1,139,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,747,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,582 |
| Insurance | $128,753 |
| All other expenses | $42,850 |
| Total functional expenses | $20,942,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,514,542 |
| Savings and temporary cash investments | $460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,314,705 |
| 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 | $384,885 |
| Net Land, buildings, and equipment | $550,893 |
| Investments—publicly traded securities | $23,917,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,254,226 |
| Total assets | $34,937,526 |
| Accounts payable and accrued expenses | $839,446 |
| Grants payable | $0 |
| Deferred revenue | $2,588,116 |
| 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 | $7,051,920 |
| Total liabilities | $10,479,482 |
| Net assets without donor restrictions | $24,458,044 |
| 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 | $34,937,526 |