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← AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS

Form 990 for tax year 2022

Filed by AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS.

Totals

Total revenue
$24,580,350
Total expenses
$25,094,984
Contributions and grants received
$42,356
Grants paid
$16,450
Program service revenue
$22,342,143
Investment income
$1,923,761
Other revenue
$272,090
Total assets, end of year
$38,735,071
Total liabilities, end of year
$10,602,887
Net assets or fund balances, end of year
$28,132,184
Program services expenses (Part IX)
$21,979,567
Management and general expenses
$3,115,417
Fundraising expenses
$0
Program service expenses (Part III)
$21,979,567

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $42,356

  • 2a · Program service revenue: PUBLICATIONS

    total $9,622,470 · related or exempt $9,622,470

  • 2b · Program service revenue: CONFERENCES & EDUCATION

    total $7,106,565 · related or exempt $7,106,565

  • 2c · Program service revenue: MEMBER SERVICES

    total $3,970,033 · related or exempt $3,795,147 · unrelated business $174,886

  • 2d · Program service revenue: SPONSORSHIPS

    total $818,750 · related or exempt $818,750

  • 2e · Program service revenue: EXHIBITS

    total $732,660 · related or exempt $732,660

  • 2f · All other program service revenue

    total $91,665 · related or exempt $91,665

  • 3 · Investment income

    total $1,240,991 · excluded $1,240,991

  • 5 · Royalties

    total $189,127 · excluded $189,127

  • 7a · Gross sales of assets other than inventory

    securities $4,149,191

  • 7b · Less cost or other basis and sales expenses

    securities $3,466,421

  • 7c · Gain or loss

    securities $682,770

  • 7d · Net gain or loss

    total $682,770 · excluded $682,770

  • 11a · Other revenue: BANNER ADS

    total $46,625 · unrelated business $46,625

  • 11d · All other revenue

    total $36,338 · excluded $36,338

  • 11e · Other revenue, total

    $82,963

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000 · program services $3,000

  • 2 · Grants to domestic individuals

    total $11,100 · program services $11,100

  • 3 · Grants to foreign organizations and individuals

    total $2,350 · program services $2,350

  • 5 · Compensation of officers, directors and key employees

    total $2,295,788 · program services $1,847,477 · management and general $448,311

  • 7 · Other salaries and wages

    total $6,233,351 · program services $5,019,539 · management and general $1,213,812

  • 8 · Pension plan contributions

    total $245,200 · program services $196,097 · management and general $49,103

  • 9 · Other employee benefits

    total $1,000,593 · program services $799,807 · management and general $200,786

  • 10 · Payroll taxes

    total $617,545 · program services $493,877 · management and general $123,668

  • 11b · Fees: legal

    total $73,381 · program services $7,896 · management and general $65,485

  • 11c · Fees: accounting

    total $109,435 · program services $30,988 · management and general $78,447

  • 11f · Fees: investment management

    total $49,191 · management and general $49,191

  • 11g · Fees: other

    total $3,149,048 · program services $3,004,919 · management and general $144,129

  • 12 · Advertising and promotion

    total $674,759 · program services $674,568 · management and general $191

  • 13 · Office expenses

    total $939,972 · program services $817,136 · management and general $122,836

  • 14 · Information technology

    total $2,220,640 · program services $2,011,042 · management and general $209,598

  • 15 · Royalties

    total $131,602 · program services $97,925 · management and general $33,677

  • 16 · Occupancy

    total $386,046 · program services $310,605 · management and general $75,441

  • 17 · Travel

    total $432,257 · program services $339,400 · management and general $92,857

  • 19 · Conferences, conventions and meetings

    total $4,681,956 · program services $4,601,549 · management and general $80,407

  • 21 · Payments to affiliates

    total $1,000 · program services $1,000

  • 22 · Depreciation, depletion and amortization

    total $266,195 · program services $223,350 · management and general $42,845

  • 23 · Insurance

    total $102,826 · program services $76,513 · management and general $26,313

  • 24a · Other expenses: AWARDS & HONORARIA

    total $635,515 · program services $634,497 · management and general $1,018

  • 24b · Other expenses: JOURNALS AND PUBLICATIO

    total $296,596 · program services $295,276 · management and general $1,320

  • 24c · Other expenses: SECTION REBATE

    total $110,564 · program services $110,564

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $110,046 · program services $101,075 · management and general $8,971

  • 24e · All other expenses

    total $315,028 · program services $268,017 · management and general $47,011

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $583,335 · end of year $1,985,167

  • 4 · Accounts receivable

    beginning of year $209,165 · end of year $173,879

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,438,150 · end of year $2,147,082

  • 10a · Land, buildings and equipment: cost or other basis

    $7,471,287

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,885,724

  • 10c · Land, buildings and equipment, net

    beginning of year $796,388 · end of year $585,563

  • 11 · Investments: publicly traded securities

    beginning of year $32,167,675 · end of year $32,444,940

  • 15 · Other assets

    beginning of year $84,955 · end of year $1,398,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,243,038 · end of year $2,590,039

  • 19 · Deferred revenue

    beginning of year $5,541,709 · end of year $6,185,837

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,827,011

  • 27 · Net assets without donor restrictions

    beginning of year $25,693,921 · end of year $27,829,184

  • 28 · Net assets with donor restrictions

    beginning of year $301,000 · end of year $303,000

Mission and programs · 2022

Mission

TO ADVANCE THE ARTS, SCIENCES, AND TECHNOLOGY OF AERONAUTICS AND ASTRONAUTICS AND TO NURTURE AND PROMOTE THE PROFESSIONALISM OF THOSE ENGAGED IN THESE PURSUITS. THE INSTITUTE SHALL ENCOURAGE ORIGINAL RESEARCH, FOSTER DISSEMINATION OF NEW KNOWLEDGE, FURTHER PROFESSIONAL DEVELOPMENT OF THOSE ENGAGED IN SCIENTIFIC AND ENGINEERING ACTIVITIES, IMPROVE PUBLIC UNDERSTANDING OF THE PROFESSION AND ITS CONTRIBUTIONS, FOSTER EDUCATION IN ENGINEERING AND SCIENCE, PROMOTE COMMUNICATION AMONG ENGINEERS AND SCIENTISTS AND WITH OTHER PROFESSIONAL GROUPS, AND STIMULATE OUTSTANDING PROFESSIONAL ACCOMPLISHMENTS. IT SHALL ALSO SERVE THE NEEDS AND PROFESSIONAL INTEREST OF MEMBERS, BRING TO BEAR THE SCIENTIFIC AND TECHNICAL CAPABILITIES OF THE PROFESSION IN AREAS OF NATIONAL CONCERN WHERE IT IS EQUIPPED TO CONTRIBUTE, AND UNDERTAKE OTHER MEASURES APPROPRIATE TO ITS MISSION.

Activities or mission (Part I)

THE PURPOSE OF THE INSTITUTE IS TO ADVANCE THE ARTS, SCIENCES, AND TECHNOLOGY OF AERONAUTICS AND ASTRONAUTICS AND TO NURTURE AND PROMOTE THE PROFESSIONALISM OF THOSE ENGAGED IN THESE PURSUITS.

  • TECHNICAL ACTIVITIES (CONFERENCES): THE INSTITUTE CONDUCTS TECHNICAL CONFERENCES AND COURSES THAT PROVIDE A FORUM FOR MEMBERS FROM INDUSTRY, ACADEMIA, AND GOVERNMENT TO PRESENT AND EXCHANGE INFORMATION WITH THEIR PEERS IN THE AEROSPACE COMMUNITY.

    Expenses $11,067,730 · Revenue $8,667,609

  • MEMBER SERVICES: INCLUDES CORPORATE AND PROFESSIONAL MEMBER FORUMS AND MEETINGS TO DISCUSS AEROSPACE TECHNICAL AND COMMUNITY ISSUES, SECTION ACTIVITIES, PROFESSIONAL HONORS AND AWARDS, AND AEROSPACE AMERICA MAGAZINE.

    Expenses $5,070,548 · Grants $3,000 · Revenue $3,877,178

  • TECHNICAL PUBLICATIONS: THE INSTITUTE PUBLISHES EIGHT PEER-REVIEWED SCHOLARLY SCIENTIFIC AND TECHNICAL JOURNALS IN THE AEROSPACE FIELD AND PRODUCES A SERIES OF TEXTBOOKS FOR STUDENTS IN TEH AEROSPACE FIELD. A DATABASE OF SCIENTIFIC STUDIES IN TEH AEROSPACE FIELD IS PRODUCED AND MAINTAINED BY THE INSTITUTE AS WELL.

    Expenses $4,075,912 · Revenue $9,622,470

  • OUTREACH

    Expenses $1,765,377 · Grants $13,450

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel L Dumbacher

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $513,044
    From this org
    $499,552
    From related orgs
    $0
    Other
    $13,492
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $404,264
    Bonus
    $91,724
    Other
    $3,564
    Deferred
    $12,200
    Nontaxable benefits
    $1,292
    Filer's total
    $513,044

  • Angelo Iasiello

    CHIEF OPERATING OFFICER

    Total calculated
    $378,265
    From this org
    $335,890
    From related orgs
    $0
    Other
    $42,375
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $298,195
    Bonus
    $35,373
    Other
    $2,322
    Deferred
    $12,200
    Nontaxable benefits
    $30,175
    Filer's total
    $378,265

  • Karen Rosenblum

    SVP, FINANCE, ADMIN & CFO

    Total calculated
    $308,688
    From this org
    $267,601
    From related orgs
    $0
    Other
    $41,087
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $233,679
    Bonus
    $30,550
    Other
    $3,372
    Deferred
    $10,912
    Nontaxable benefits
    $30,175
    Filer's total
    $308,688

  • Merrie Scott

    VP, COMMUNITY & PARTNER ENGAGEMENT

    Total calculated
    $245,065
    From this org
    $208,555
    From related orgs
    $0
    Other
    $36,510
    Hours/week
    29 + 8.5 related

    Schedule J breakdown matched by us

    Base
    $168,225
    Bonus
    $38,810
    Other
    $1,520
    Deferred
    $8,550
    Nontaxable benefits
    $27,960
    Filer's total
    $245,065

  • Rodger Williams

    VP, STRATEGIC CONTENT & PRODUCT DEVELOPMENT

    Total calculated
    $225,310
    From this org
    $187,397
    From related orgs
    $0
    Other
    $37,913
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $165,357
    Bonus
    $20,520
    Other
    $1,520
    Deferred
    $7,818
    Nontaxable benefits
    $30,095
    Filer's total
    $225,310

  • Karen Thomas

    VP, DEI, MEMBERSHIP & WORKFORCE

    Total calculated
    $211,426
    From this org
    $193,023
    From related orgs
    $0
    Other
    $18,403
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $171,882
    Bonus
    $18,810
    Other
    $2,331
    Deferred
    $7,776
    Nontaxable benefits
    $10,627
    Filer's total
    $211,426

  • Brian Talbot

    SENIOR DIRECTOR, MARKETING, SALES & COMMUNICATIONS

    Total calculated
    $181,150
    From this org
    $173,804
    From related orgs
    $0
    Other
    $7,346
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $163,987
    Bonus
    $9,320
    Other
    $497
    Deferred
    $6,952
    Nontaxable benefits
    $394
    Filer's total
    $181,150

  • Ben Iannotta

    EDITOR-IN-CHIEF, AEROSPACE AMERICA

    Total calculated
    $180,832
    From this org
    $144,729
    From related orgs
    $0
    Other
    $36,103
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $135,353
    Bonus
    $8,220
    Other
    $1,156
    Deferred
    $6,077
    Nontaxable benefits
    $30,026
    Filer's total
    $180,832

  • Christopher Semon

    DIRECTOR, STRATEGIC RELATIONSHIP MANAGEMENT

    Total calculated
    $180,310
    From this org
    $144,235
    From related orgs
    $0
    Other
    $36,075
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $135,014
    Bonus
    $8,590
    Other
    $631
    Deferred
    $5,978
    Nontaxable benefits
    $30,097
    Filer's total
    $180,310

  • Daniel Craig Day

    MANAGING DIRECTOR, PROFESSIONAL DEVELOPMENT

    Total calculated
    $178,797
    From this org
    $161,680
    From related orgs
    $0
    Other
    $17,117
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $151,371
    Bonus
    $9,850
    Other
    $459
    Deferred
    $6,542
    Nontaxable benefits
    $10,575
    Filer's total
    $178,797

  • Maryanne Roy

    VP, PEOPLE & CULTURE

    Total calculated
    $175,262
    From this org
    $158,220
    From related orgs
    $0
    Other
    $17,042
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $143,061
    Bonus
    $14,500
    Other
    $659
    Deferred
    $6,410
    Nontaxable benefits
    $10,632
    Filer's total
    $175,262

  • Stephen Lee

    SENIOR MANAGER, PRODUCT DEVELOPMENT

    Total calculated
    $167,031
    From this org
    $159,465
    From related orgs
    $0
    Other
    $7,566
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $148,199
    Bonus
    $10,000
    Other
    $1,266
    Deferred
    $6,391
    Nontaxable benefits
    $1,175
    Filer's total
    $167,031

  • Michele Dominiak

    VP, PRODUCT OPERATIONS

    Total calculated
    $159,233
    From this org
    $142,873
    From related orgs
    $0
    Other
    $16,360
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $132,734
    Bonus
    $9,750
    Other
    $389
    Deferred
    $5,792
    Nontaxable benefits
    $10,568
    Filer's total
    $159,233

  • Laura J McGill

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel Hastings

    PRESIDENT-ELECT (INCOMING FY23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Annalisa Weigel

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Johnathon Caldwell

    TRUSTEE (INCOMING FY23)

    Total calculated
    $0
    Hours/week
    1

  • Frank Culbertson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Keoki Jackson

    TRUSTEE (INCOMING FY23)

    Total calculated
    $0
    Hours/week
    1

  • Larry James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • R Steven Justice

    TRUSTEE/TREASURER-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Robert Lightfoot

    TRUSTEE (EXITING FY23)

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Marchionna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lourdes Maurice

    TRUSTEE (EXITING FY23)

    Total calculated
    $0
    Hours/week
    1

  • Todd Mosher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Willcox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HEALTH/SOCIAL CLUB DUES ARE AVAILABLE TO ALL STAFF MEMBERS. DURING THE TAX YEAR, 82 INDIVIDUALS RECEIVED THIS BENEFIT. IT WAS TAXABLE TO ALL WHO RECEIVED IT.
PART I, LINE 7
AIAA HAS A MERIT BONUS SYSTEM THAT APPLIES TO ALL EMPLOYEES AND IS MONITORED BY THE COMPENSATION COMMITTEE OF INDEPENDENT BOARD MEMBERS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 July 2024
IRS schema version
2022v5.0
Source object
202411849349300116

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