Airline Passenger Experience Association Inc
- Assets
- $3.0m
- Revenue
- $5.0m
- Investments
- $1.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 95-3523323
Organization Overview
Airline Passenger Experience Association Inc is located in New York, NY. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Airline Passenger Experience Association 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, Airline Passenger Experience Association Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 7.4% 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
STRENGTHEN THE INDUSTRY AND ENABLE BUSINESS OPPORTUNITIES THROUGH EDUCATION, INNOVATION, NETWORKING AND RECOGNITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE APEX EXPO IS AN INDUSTRY EVENT WHERE AIRLINES AND VENDORS MEET TO PARTICIPATE IN EDUCATIONAL SESSIONS AND TO SEE THE LATEST AND MOST COMPREHENSIVE DISPLAY OF AIRLINE RELATED TECHNOLOGIES, PRODUCTS AND SERVICES IN THE EXPO HALL.
BOARD LEADERSHIP - THE APEX BOARD HAS DETERMINED THAT RETAINING A PUBLIC-FACING CEO WILL SIGNIFICANTLY IMPROVE THE ASSOCIATION'S ABILITY TO 1) GROW AIRLINE MEMBERSHIP AND PARTICIPATION IN APEX; 2) INCREASE ACTIVE SUPPORT OF APEX, AS EXHIBITORS IN PARTICULAR, AMONG ALL VENDORS TOUCHING THE PASSENGER EXPERIENCE; AND 3) GENERALLY INCREASE AWARENESS OF APEX BENEFITS TO THE INDUSTRY OVERALL.
COMMUNICATIONS - SEND DAILY AGGREGATE EMAIL TO MEMBERS AND NON-MEMBERS TO KEEP MEMBERS INFORMED OF LATEST DEVELOPMENTS OF THE PASSENGER EXPERIENCE; AND KEEP THE WEBSITE UP TO DATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andres Castaeda President | OfficerTrustee | 5 | $0 |
Akira Mitsumasu Vice President | OfficerTrustee | 2 | $0 |
Maura Chacko Secretary | OfficerTrustee | 2 | $0 |
Joan Filippini Treasurer | OfficerTrustee | 3 | $0 |
Anton Vidgen President Emeritus | OfficerTrustee | 2 | $0 |
Luc Bondar Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yates & Partners Limited World Class Program | 12/30/22 | $374,550 |
Apex Georgia Llc Management Services | 12/30/22 | $322,075 |
Kellen Company Management Services, Digital, Sales, Pr | 12/30/22 | $872,808 |
16bar Consultancy Ltd Consulting | 12/30/22 | $128,906 |
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 | $746,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $746,941 |
| Total Program Service Revenue | $2,024,845 |
| Investment income | $17,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,137,316 |
| 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 | $4,973,144 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $873,208 |
| Fees for services: Legal | $91,639 |
| Fees for services: Accounting | $9,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,933 |
| Advertising and promotion | $50,722 |
| Office expenses | $79,056 |
| Information technology | $55,556 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $118,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337,759 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,000 |
| Insurance | $15,241 |
| All other expenses | $165,431 |
| Total functional expenses | $5,169,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,684 |
| Savings and temporary cash investments | $8,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,538 |
| 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 | $1,770 |
| Net Land, buildings, and equipment | $37,500 |
| Investments—publicly traded securities | $1,256,236 |
| Investments—other securities | $1,217,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,688 |
| Total assets | $2,967,575 |
| Accounts payable and accrued expenses | $248,612 |
| Grants payable | $0 |
| Deferred revenue | $411,403 |
| 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 | $534,011 |
| Total liabilities | $1,194,026 |
| Net assets without donor restrictions | $1,773,549 |
| 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 | $2,967,575 |