National Aeronautic Association Of U S A Inc
- Assets
- $1.3m
- Revenue
- $970.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Arlington, VA
- Founding
- 03/1942
- Data as of
- 12/2022
- EIN
- 53-0196615
Organization Overview
National Aeronautic Association Of U S A Inc is located in Arlington, VA. The organization was established in 1942. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2022, National Aeronautic Association Of U S A Inc employed 5 individuals. This organization is the central organization for a national or regional group of organizations. National Aeronautic Association Of U S A Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, National Aeronautic Association Of U S A Inc generated $970.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
DEDICATED TO THE ADVANCEMENT OF THE ART, SPORT AND SCIENCE OF AVIATION IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTESTS AND RECORDS - COORDINATION AND CERTIFICATION OF ALL AVIATION AND SPACE RECORDS IN THE UNITED STATES.
MEMBERSHIP - SERVICES FOR INDIVIDUAL MEMBERS AND CORPORATE, AFFILIATE, AIR SPORT AND AERO CLUB ORGANIZATIONAL MEMBERS INCLUDING EDUCATIONAL AND NETWORKING OPPORTUNITIES, MEMBER PUBLICATIONS, SPORTING LICENSES AND PROMOTION OF AIR SPORTS IN THE UNITED STATES.
AWARDS AND EVENTS - IDENTIFICATION AND CEREMONIAL RECOGNITION OF THOSE WHO HAVE CONTRIBUTED TO THE "ART, SPORT AND SCIENCE OF AVIATION AND SPACE FLIGHT" THROUGH MANY OF THE OLDEST AND MOST PRESTIGIOUS AWARDS AND TROPHIES GIVEN IN THE AEROSPACE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Albaugh Chairman | OfficerTrustee | 2 | $0 |
Samantha Magill Vice Chairman | OfficerTrustee | 2 | $0 |
Margaret Jenny Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Matarese Secretary | OfficerTrustee | 1 | $0 |
George Carneal Counsel | OfficerTrustee | 2 | $0 |
Greg Principato President And CEO | OfficerTrustee | 37.5 | $270,000 |
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 | $472,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,974 |
| Total Program Service Revenue | $481,161 |
| Investment income | $10,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $970,052 |
| 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. | $465,829 |
| Compensation of current officers, directors, key employees. | $50,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,081 |
| Pension plan accruals and contributions | $5,983 |
| Other employee benefits | $16,609 |
| Payroll taxes | $28,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,403 |
| Fees for services: Other | $22,303 |
| Advertising and promotion | $15 |
| Office expenses | $18,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,210 |
| Travel | $23,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,747 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,438 |
| Insurance | $6,681 |
| All other expenses | $0 |
| Total functional expenses | $1,011,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,582 |
| Savings and temporary cash investments | $54,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,010 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,122 |
| Prepaid expenses and deferred charges | $16,486 |
| Net Land, buildings, and equipment | $32,307 |
| Investments—publicly traded securities | $552,120 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,784 |
| Total assets | $1,276,984 |
| Accounts payable and accrued expenses | $32,107 |
| Grants payable | $0 |
| Deferred revenue | $60,000 |
| 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 | $14,316 |
| Total liabilities | $106,423 |
| Net assets without donor restrictions | $788,071 |
| Net assets with donor restrictions | $382,490 |
| 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 | $1,276,984 |