Pacific Northwest Aerospace Association
- Assets
- $522.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Redmond, WA
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 93-1117303
Organization Overview
Pacific Northwest Aerospace Association is located in Redmond, WA. The organization was established in 1998. 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 06/2023, Pacific Northwest Aerospace Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Northwest Aerospace Association 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, Pacific Northwest Aerospace Association generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 20.4% per year over the past 7 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
TO PROMOTE THE GROWTH AND GLOBAL COMPETITIVENESS OF THE PACIFIC NORTHWEST AEROSPACE CLUSTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PNAA'S ANNUAL CONFERENCE BROUGHT TOGETHER THE WORLD'S HIGHEST-LEVEL BY OEMS, TIER 1S AND GLOBALLY RESPECTED AEROSPACE ANALYSTS OFFERED THE LATEST INTELLIGENCE, TRENDS AND ANALYTICS ON PRODUCTION, PRODUCT STRATEGY AND THE MARKET OUTLOOK. PANEL DISCUSSIONS BROADENED THE FOCUS,SHOWCASING SOME OF THE MOST THOUGHT-PROVOKING DISCUSSIONS AND INSIGHTS FROM SUCCESSFUL AEROSPACE COMPANIES ON STAYING COMPETITIVE IN THE CHANGING AND CHALLENGING MARKETPLACE. ATTENDEES REPRESENTING THE VALUE CHAIN OF THE AEROSPACE INDUSTRY HAD THE OPPORTUNITY TO CONDUCT BUSINESS ON MULTIPLE LEVELS OVER THE COURSE OF THE FOUR DAYS. THE PHYSICAL LOCATION OF THE CONFERENCE IN THE HUB OF THE PACIFIC NW AEROSPACE CLUSTER ALLOWED EASY ACCESS TO THE WORLD'S TOP SUPPLIERS, WHILE THE WELL-CRAFTED AGENDA FACILITATED THE RECEIPT OF VITAL INFORMATION AND ALLOWED FOR BUSINESS INTERACTIONS AND NETWORKING BEFORE, DURING AND AFTER THE CONFERENCE.
ADDITIONAL INTERNAL PROGRAMS OFFERED NETWORKING OPPORTUNITIES AND EDUCATIONAL EVENTS SUCH AS WOMEN IN AEROSPACE, DEFENSE CONFERENCE AND GOLF TOURNAMENT
PNAA VIRTUAL EVENTS OFFERED WEBINARS TO HELP LEARN ABOUT MANY DIFFERENT TOPICS SUCH AS PNAA MEMBERSHIP, GROWING YOUR BUSINESS, SUPPLY CHAINS, CYBER SECURITY, AND MORE.
PNAA INDUSTRY TOPICS OFFERED INDUSTRY NETWORKING DURING SYMPOSIUMS OTHER THAN THE ANNUAL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Vetterick Board Member | Trustee | 2 | $0 |
Omoh Ohiomoba Board Member | Trustee | 2 | $0 |
Mike Elvidge Board Member | Trustee | 2 | $0 |
Darrell Bussard Board Member | Trustee | 2 | $0 |
Mike Barsoski Vice Chair | OfficerTrustee | 2 | $0 |
Tan Le Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $217,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,828 |
| 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 | $472,833 |
| Total Program Service Revenue | $713,513 |
| Investment income | $175 |
| 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 | $1,191,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,988 |
| Payroll taxes | $55,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,457 |
| Fees for services: Accounting | $8,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,847 |
| Advertising and promotion | $34,740 |
| Office expenses | $25,507 |
| Information technology | $58,798 |
| Royalties | $0 |
| Occupancy | $4,590 |
| Travel | $24,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,936 |
| All other expenses | $4,000 |
| Total functional expenses | $1,242,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,423 |
| Savings and temporary cash investments | $0 |
| 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 | $100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,181 |
| Total assets | $522,704 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $522,704 |
| Total liabilities and net assets/fund balances | $522,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Earth & Space Research Seattle, WA | $592,727 | $1,487,563 |
Pacific Northwest Aerospace Association Redmond, WA | $522,704 | $1,191,680 |
Washington Aerospace Scholarsfoundation Seattle, WA | $448,873 | $338,021 |
Klamath Outdoor Science School Klamath Falls, OR | $510,968 | $310,646 |
Alaska Endeavour Petersburg, AK | $18,910 | $197,233 |
Foundation For The Law Of Time Ashland, OR | $133,195 | $234,999 |
Soil Carbon Coalition La Grande, OR | $86,932 | $0 |
Columbia Aviation Association Aurora, OR | $362,852 | $0 |
Owyhee Gem & Mineral Society Inc Caldwell, ID | $121,326 | $0 |
Tillamook Bay Watershed Council Garibaldi, OR | $8,465 | $0 |
American Foundry Society Tukwila, WA | $21,544 | $0 |