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Nonprofiteer
← AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS

Form 990 for tax year 2024

Filed by AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS.

Totals

Total revenue
$26,094,614
Total expenses
$26,104,500
Contributions and grants received
$30,962
Grants paid
$13,100
Program service revenue
$22,180,655
Investment income
$3,239,572
Other revenue
$643,425
Total assets, end of year
$44,907,388
Total liabilities, end of year
$9,455,429
Net assets or fund balances, end of year
$35,451,959
Program services expenses (Part IX)
$22,907,823
Management and general expenses
$3,196,677
Fundraising expenses
$0
Program service expenses (Part III)
$22,907,823

Program services were 87.8% 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

    $30,962

  • 2a · Program service revenue: PUBLICATIONS

    total $9,543,067 · related or exempt $9,543,067

  • 2b · Program service revenue: CONFERENCES & EDUCATION

    total $6,588,693 · related or exempt $6,588,693

  • 2c · Program service revenue: MEMBER SERVICES

    total $4,132,011 · related or exempt $4,081,692 · unrelated business $50,319

  • 2d · Program service revenue: EXHIBITS

    total $976,735 · related or exempt $976,735

  • 2e · Program service revenue: SPONSORSHIPS

    total $900,649 · related or exempt $900,649

  • 2f · All other program service revenue

    total $39,500 · related or exempt $39,500

  • 3 · Investment income

    total $1,581,055 · excluded $1,581,055

  • 5 · Royalties

    total $310,947 · excluded $310,947

  • 7a · Gross sales of assets other than inventory

    securities $2,845,506

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

    securities $1,186,989

  • 7c · Gain or loss

    securities $1,658,517

  • 7d · Net gain or loss

    total $1,658,517 · excluded $1,658,517

  • 11a · Other revenue: ADVERTISING

    total $168,353 · unrelated business $168,353

  • 11d · All other revenue

    total $164,125 · excluded $164,125

  • 11e · Other revenue, total

    $332,478

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 2 · Grants to domestic individuals

    total $10,350 · program services $10,350

  • 3 · Grants to foreign organizations and individuals

    total $750 · program services $750

  • 5 · Compensation of officers, directors and key employees

    total $2,938,289 · program services $2,430,272 · management and general $508,017

  • 7 · Other salaries and wages

    total $6,585,847 · program services $5,446,985 · management and general $1,138,862

  • 8 · Pension plan contributions

    total $260,181 · program services $215,283 · management and general $44,898

  • 9 · Other employee benefits

    total $901,083 · program services $745,590 · management and general $155,493

  • 10 · Payroll taxes

    total $672,532 · program services $556,477 · management and general $116,055

  • 11b · Fees: legal

    total $90,851 · management and general $90,851

  • 11c · Fees: accounting

    total $113,152 · program services $22,688 · management and general $90,464

  • 11f · Fees: investment management

    total $61,065 · management and general $61,065

  • 11g · Fees: other

    total $2,557,507 · program services $2,453,930 · management and general $103,577

  • 12 · Advertising and promotion

    total $893,639 · program services $893,330 · management and general $309

  • 13 · Office expenses

    total $988,122 · program services $857,050 · management and general $131,072

  • 14 · Information technology

    total $2,697,937 · program services $2,411,314 · management and general $286,623

  • 15 · Royalties

    total $67,725 · program services $50,291 · management and general $17,434

  • 16 · Occupancy

    total $371,702 · program services $307,910 · management and general $63,792

  • 17 · Travel

    total $473,772 · program services $385,187 · management and general $88,585

  • 19 · Conferences, conventions and meetings

    total $4,262,573 · program services $4,217,052 · management and general $45,521

  • 22 · Depreciation, depletion and amortization

    total $167,794 · program services $130,920 · management and general $36,874

  • 23 · Insurance

    total $114,918 · program services $85,335 · management and general $29,583

  • 24a · Other expenses: AWARDS & HONORARIA

    total $640,306 · program services $639,149 · management and general $1,157

  • 24b · Other expenses: JOURNALS AND PUBLICATIO

    total $292,383 · program services $291,781 · management and general $602

  • 24c · Other expenses: TAXES & LICENSES

    total $233,036 · program services $173,047 · management and general $59,989

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $119,672 · program services $108,651 · management and general $11,021

  • 24e · All other expenses

    total $587,314 · program services $472,481 · management and general $114,833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,848,983 · end of year $928,817

  • 4 · Accounts receivable

    beginning of year $42,931 · end of year $101,845

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,348,184 · end of year $1,566,897

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

    $7,598,187

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

    $7,269,162

  • 10c · Land, buildings and equipment, net

    beginning of year $385,219 · end of year $329,025

  • 11 · Investments: publicly traded securities

    beginning of year $39,243,683 · end of year $41,115,285

  • 15 · Other assets

    beginning of year $1,150,479 · end of year $865,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,439,421 · end of year $3,272,202

  • 19 · Deferred revenue

    beginning of year $5,319,521 · end of year $5,307,067

  • 25 · Other liabilities

    beginning of year $1,346,941 · end of year $876,160

  • 27 · Net assets without donor restrictions

    beginning of year $33,612,596 · end of year $35,147,959

  • 28 · Net assets with donor restrictions

    beginning of year $301,000 · end of year $304,000

Mission and programs · 2024

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 ENCOURAGES ORIGINAL RESEARCH, FOSTERS DISSEMINATION OF NEW KNOWLEDGE, FURTHERS PROFESSIONAL DEVELOPMENT OF THOSE ENGAGED IN SCIENTIFIC AND ENGINEERING ACTIVITIES, IMPROVES PUBLIC UNDERSTANDING OF THE PROFESSION AND ITS CONTRIBUTIONS, FOSTERS EDUCATION IN ENGINEERING AND SCIENCE, PROMOTES COMMUNICATION AMONG ENGINEERS AND SCIENTISTS AND WITH OTHER PROFESSIONAL GROUPS, AND STIMULATES OUTSTANDING PROFESSIONAL ACCOMPLISHMENTS. IT ALSO SERVES THE NEEDS AND PROFESSIONAL INTEREST OF MEMBERS, BRINGING TO BEAR THE SCIENTIFIC AND TECHNICAL CAPABILITIES OF THE PROFESSION IN AREAS OF CONCERN WHERE IT IS EQUIPPED TO CONTRIBUTE, AND UNDERTAKES 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 $10,564,481 · Grants $8,752 · Revenue $7,869,807

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

    Expenses $5,152,051 · Grants $1,795 · Revenue $4,718,341

  • TECHNICAL PUBLICATIONS: THE INSTITUTE PUBLISHES EIGHT PEER-REVIEWED SCHOLARLY SCIENTIFIC JOURNALS, TECHNICAL CONFERENCE PROCEEDINGS, STANDARDS AND THREE SERIES OF BOOKS FOR THE AEROSPACE STUDENTS AND PROFESSIONALS. TECHNICAL CONTENT IS AVAILABLE IN A SEARCHABLE DATABASE THE INSTITUTE MAINTAINS.

    Expenses $4,578,551 · Grants $1,869 · Revenue $9,542,188

  • OUTREACH

    Expenses $2,612,740 · Grants $684

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel L Dumbacher

    EXECUTIVE DIRECTOR/SECRETARY (OUTGOING FY25)

    Total calculated
    $502,731
    From this org
    $487,884
    From related orgs
    $0
    Other
    $14,847
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $371,639
    Bonus
    $110,970
    Other
    $5,275
    Deferred
    $13,800
    Nontaxable benefits
    $1,047
    Filer's total
    $502,731
  • Angelo Iasiello

    EVP, STRATEGY AND INTERNATIONAL

    Total calculated
    $465,599
    From this org
    $418,362
    From related orgs
    $0
    Other
    $47,237
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $320,040
    Bonus
    $96,000
    Other
    $2,322
    Deferred
    $13,800
    Nontaxable benefits
    $33,437
    Filer's total
    $465,599
  • Karen Rosenblum

    SVP, FINANCE, ADMIN & CFO (OUTGOING FY25)

    Total calculated
    $382,994
    From this org
    $340,364
    From related orgs
    $0
    Other
    $42,630
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $259,850
    Bonus
    $76,950
    Other
    $3,564
    Deferred
    $13,800
    Nontaxable benefits
    $28,830
    Filer's total
    $382,994
  • Dennis Sadler

    CHIEF INFORMATION OFFICER

    Total calculated
    $327,160
    From this org
    $283,535
    From related orgs
    $0
    Other
    $43,625
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $231,789
    Bonus
    $50,580
    Other
    $1,166
    Deferred
    $11,567
    Nontaxable benefits
    $32,058
    Filer's total
    $327,160
  • Merrie Scott

    SVP, MEMBERSHIP ENGAGEMENT

    Total calculated
    $248,709
    From this org
    $223,688
    From related orgs
    $0
    Other
    $25,021
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $185,381
    Bonus
    $36,620
    Other
    $1,687
    Deferred
    $9,118
    Nontaxable benefits
    $15,903
    Filer's total
    $248,709
  • Rodger Williams

    VP, GOVERNANCE AND POLICY

    Total calculated
    $244,775
    From this org
    $202,880
    From related orgs
    $0
    Other
    $41,895
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $180,651
    Bonus
    $20,540
    Other
    $1,689
    Deferred
    $8,484
    Nontaxable benefits
    $33,411
    Filer's total
    $244,775
  • Karen Thomas

    VICE PRESIDENT, GLOBAL WORKFORCE & COMMUNITY DEVEL

    Total calculated
    $222,834
    From this org
    $202,725
    From related orgs
    $0
    Other
    $20,109
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $185,448
    Bonus
    $14,730
    Other
    $2,547
    Deferred
    $8,172
    Nontaxable benefits
    $11,937
    Filer's total
    $222,834
  • Maryanne Roy

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $212,637
    From this org
    $193,205
    From related orgs
    $0
    Other
    $19,432
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $171,071
    Bonus
    $20,590
    Other
    $1,544
    Deferred
    $7,916
    Nontaxable benefits
    $11,516
    Filer's total
    $212,637
  • Brian Talbot

    SVP, SALES, MARKETING & COMMUNICATIONS

    Total calculated
    $205,622
    From this org
    $197,310
    From related orgs
    $0
    Other
    $8,312
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $179,239
    Bonus
    $17,520
    Other
    $551
    Deferred
    $7,892
    Nontaxable benefits
    $420
    Filer's total
    $205,622
  • Michele Dominiak

    SVP, PUBLISHING AND EDUCATION

    Total calculated
    $202,719
    From this org
    $183,741
    From related orgs
    $0
    Other
    $18,978
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $166,304
    Bonus
    $16,640
    Other
    $797
    Deferred
    $7,523
    Nontaxable benefits
    $11,455
    Filer's total
    $202,719
  • Christopher Semon

    DIRECTOR, ENTERPRISE ACCOUNTS

    Total calculated
    $195,444
    From this org
    $155,657
    From related orgs
    $0
    Other
    $39,787
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $144,374
    Bonus
    $10,000
    Other
    $1,283
    Deferred
    $6,469
    Nontaxable benefits
    $33,318
    Filer's total
    $195,444
  • Daniel Day

    MANAGING DIRECTOR, PROFESSIONAL DEVELOPMENT

    Total calculated
    $191,477
    From this org
    $173,996
    From related orgs
    $0
    Other
    $17,481
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $160,433
    Bonus
    $13,060
    Other
    $503
    Deferred
    $6,131
    Nontaxable benefits
    $11,350
    Filer's total
    $191,477
  • Syafrin Setiawan

    SENIOR IT TECHNICAL MANAGER

    Total calculated
    $188,000
    From this org
    $148,479
    From related orgs
    $0
    Other
    $39,521
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,003
    Bonus
    $7,230
    Other
    $1,246
    Deferred
    $6,212
    Nontaxable benefits
    $33,309
    Filer's total
    $188,000
  • Stephen Lee

    SENIOR MANAGER, PRODUCT DEVELOPMENT

    Total calculated
    $187,506
    From this org
    $168,285
    From related orgs
    $0
    Other
    $19,221
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $156,000
    Bonus
    $10,920
    Other
    $1,365
    Deferred
    $6,828
    Nontaxable benefits
    $12,393
    Filer's total
    $187,506
  • Eugene Mowry

    CEO/SECRETARY (INCOMING FY25)

    Total calculated
    $107,251
    From this org
    $107,142
    From related orgs
    $0
    Other
    $109
    Hours/week
    37.5 + 1 related
  • Linda Montgomery

    CHIEF FINANCIAL OFFICER (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    37.5 + 1 related
  • Daniel Hastings

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Laura McGill

    IMMEDIATE PAST PRESIDENT (OUTGOING FY25)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • R Steven Justice

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dana Keoki Jackson

    AIAA PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Nancy Andersen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Johnathon Caldwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Gazarik

    TRUSTEE (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    1
  • Tina Ghataore

    TRUSTEE (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    1
  • Larry James

    TRUSTEE (OUTGOING FY25)

    Total calculated
    $0
    Hours/week
    1
  • Ben Linder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Marchionna

    TRUSTEE (OUTGOING FY25)

    Total calculated
    $0
    Hours/week
    1
  • Jill Marlowe

    TRUSTEE (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    1
  • Todd Mosher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cheryl O'Keefe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Karen Willcox

    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, 88 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
2024
Filed
9 June 2026
IRS schema version
2024v5.5
Source object
202601619349300010

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