Society Of Experimental Test Pilots is located in Lancaster, CA. The organization was established in 1959. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2021, Society Of Experimental Test Pilots employed 3 individuals. This organization is the central organization for a national or regional group of organizations. Society Of Experimental Test Pilots 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 12/2021, Society Of Experimental Test Pilots generated $950.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $758.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL MEMBERSHIP ORGANIZATION TO PROMOTE FLIGHT TEST SAFETY THROUGH EDUCATIONAL PROGRAMS AND PUBLICATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
65TH ANNUAL SYMPOSIUM
VIRTUAL SYMPOSIUM
Name (title) | Role | Hours | Compensation |
---|---|---|---|
L Balderas Exec Director | Officer | 40 | $115,500 |
B Pierson Vice President | OfficerTrustee | 1 | $0 |
D Larson President | OfficerTrustee | 1 | $0 |
K Latimer Secretary | OfficerTrustee | 1 | $0 |
R Lowry Legal Officer | OfficerTrustee | 1 | $0 |
K Smith Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $417,214 |
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 | $417,214 |
Total Program Service Revenue | $510,315 |
Investment income | $488 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $10,274 |
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 | $663 |
Miscellaneous Revenue | $0 |
Total Revenue | $950,128 |
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 | $23,340 |
Compensation of current officers, directors, key employees. | $114,500 |
Compensation of current officers, directors, key employees. | $94,500 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $104,719 |
Pension plan accruals and contributions | $6,285 |
Other employee benefits | $16,607 |
Payroll taxes | $17,232 |
Fees for services: Management | $0 |
Fees for services: Legal | $21,827 |
Fees for services: Accounting | $6,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $634 |
Advertising and promotion | $0 |
Office expenses | $19,028 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $28,846 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,826 |
Insurance | $3,081 |
All other expenses | $384,298 |
Total functional expenses | $758,326 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $200 |
Savings and temporary cash investments | $961,160 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,567 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $41,351 |
Prepaid expenses and deferred charges | $8,513 |
Net Land, buildings, and equipment | $33,940 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,051,731 |
Accounts payable and accrued expenses | $5,916 |
Grants payable | $0 |
Deferred revenue | $204,510 |
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 | $10,500 |
Total liabilities | $220,926 |
Net assets without donor restrictions | $830,805 |
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 | $1,051,731 |
Over the last fiscal year, we have identified 1 grants that Society Of Experimental Test Pilots has recieved totaling $100.
Awarding Organization | Amount |
---|---|
Baddour Family Foundation Belmont, MA PURPOSE: GENERAL SUPPORT | $100 |
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