Skip to content
Nonprofiteer
← AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS

Form 990 for tax year 2023

Filed by AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS.

Totals

Total revenue
$27,082,094
Total expenses
$27,718,886
Contributions and grants received
$41,009
Grants paid
$10,446
Program service revenue
$25,005,743
Investment income
$1,434,391
Other revenue
$600,951
Total assets, end of year
$45,019,479
Total liabilities, end of year
$11,105,883
Net assets or fund balances, end of year
$33,913,596
Program services expenses (Part IX)
$24,431,843
Management and general expenses
$3,287,043
Fundraising expenses
$0
Program service expenses (Part III)
$24,431,843

Program services were 88.1% 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

    $41,009

  • 2a · Program service revenue: PUBLICATIONS

    total $9,838,130 · related or exempt $9,838,130

  • 2b · Program service revenue: CONFERENCES & EDUCATION

    total $8,484,117 · related or exempt $8,484,117

  • 2c · Program service revenue: MEMBER SERVICES

    total $4,130,403 · related or exempt $4,039,899 · unrelated business $90,504

  • 2d · Program service revenue: SPONSORSHIPS

    total $1,460,832 · related or exempt $1,460,832

  • 2e · Program service revenue: EXHIBITS

    total $969,000 · related or exempt $969,000

  • 2f · All other program service revenue

    total $123,261 · related or exempt $123,261

  • 3 · Investment income

    total $1,150,933 · excluded $1,150,933

  • 5 · Royalties

    total $225,159 · excluded $225,159

  • 7a · Gross sales of assets other than inventory

    securities $1,040,739

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

    securities $757,281

  • 7c · Gain or loss

    securities $283,458

  • 7d · Net gain or loss

    total $283,458 · excluded $283,458

  • 11a · Other revenue: BANNER ADS

    total $137,961 · unrelated business $137,961

  • 11d · All other revenue

    total $237,831 · excluded $237,831

  • 11e · Other revenue, total

    $375,792

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 $4,046 · program services $4,046

  • 3 · Grants to foreign organizations and individuals

    total $4,400 · program services $4,400

  • 5 · Compensation of officers, directors and key employees

    total $2,621,592 · program services $2,105,835 · management and general $515,757

  • 7 · Other salaries and wages

    total $6,516,402 · program services $5,240,266 · management and general $1,276,136

  • 8 · Pension plan contributions

    total $286,483 · program services $227,593 · management and general $58,890

  • 9 · Other employee benefits

    total $631,153 · program services $501,409 · management and general $129,744

  • 10 · Payroll taxes

    total $648,322 · program services $515,053 · management and general $133,269

  • 11b · Fees: legal

    total $66,951 · management and general $66,951

  • 11c · Fees: accounting

    total $110,493 · program services $22,524 · management and general $87,969

  • 11f · Fees: investment management

    total $59,537 · management and general $59,537

  • 11g · Fees: other

    total $2,910,321 · program services $2,816,426 · management and general $93,895

  • 12 · Advertising and promotion

    total $955,623 · program services $956,258 · management and general -$635

  • 13 · Office expenses

    total $1,045,307 · program services $912,445 · management and general $132,862

  • 14 · Information technology

    total $2,288,282 · program services $2,045,732 · management and general $242,550

  • 15 · Royalties

    total $165,395 · program services $127,495 · management and general $37,900

  • 16 · Occupancy

    total $354,863 · program services $284,616 · management and general $70,247

  • 17 · Travel

    total $530,717 · program services $393,012 · management and general $137,705

  • 19 · Conferences, conventions and meetings

    total $6,316,537 · program services $6,288,707 · management and general $27,830

  • 20 · Interest

    total -$6,457 · program services -$4,977 · management and general -$1,480

  • 22 · Depreciation, depletion and amortization

    total $215,643 · program services $176,648 · management and general $38,995

  • 23 · Insurance

    total $114,789 · program services $88,485 · management and general $26,304

  • 24a · Other expenses: AWARDS & HONORARIA

    total $601,309 · program services $599,685 · management and general $1,624

  • 24b · Other expenses: JOURNALS AND PUBLICATIO

    total $344,731 · program services $343,866 · management and general $865

  • 24c · Other expenses: FINDERS

    total $205,146 · program services $158,138 · management and general $47,008

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $122,454 · program services $110,922 · management and general $11,532

  • 24e · All other expenses

    total $602,847 · program services $511,259 · management and general $91,588

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,985,167 · end of year $2,848,983

  • 4 · Accounts receivable

    beginning of year $173,879 · end of year $42,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,147,082 · end of year $1,348,184

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

    $7,486,587

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

    $7,101,368

  • 10c · Land, buildings and equipment, net

    beginning of year $585,563 · end of year $385,219

  • 11 · Investments: publicly traded securities

    beginning of year $32,444,940 · end of year $39,243,683

  • 15 · Other assets

    beginning of year $1,398,440 · end of year $1,150,479

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,590,039 · end of year $4,439,421

  • 19 · Deferred revenue

    beginning of year $6,185,837 · end of year $5,319,521

  • 25 · Other liabilities

    beginning of year $1,827,011 · end of year $1,346,941

  • 27 · Net assets without donor restrictions

    beginning of year $27,829,184 · end of year $33,612,596

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 $13,142,966 · Revenue $10,901,556

  • 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 $4,989,379 · Grants $2,000 · Revenue $4,122,943

  • 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 $4,149,929 · Revenue $9,890,740

  • OUTREACH

    Expenses $2,149,569 · Grants $8,446

As filed on the 2023 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
    $551,384
    From this org
    $536,962
    From related orgs
    $0
    Other
    $14,422
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $427,535
    Bonus
    $105,683
    Other
    $3,744
    Deferred
    $13,200
    Nontaxable benefits
    $1,222
    Filer's total
    $551,384

  • Angelo Iasiello

    CHIEF OPERATING OFFICER

    Total calculated
    $393,297
    From this org
    $347,967
    From related orgs
    $0
    Other
    $45,330
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $309,105
    Bonus
    $36,360
    Other
    $2,502
    Deferred
    $13,200
    Nontaxable benefits
    $32,130
    Filer's total
    $393,297

  • Karen Rosenblum

    SVP, FINANCE, ADMIN & CFO

    Total calculated
    $293,950
    From this org
    $251,534
    From related orgs
    $0
    Other
    $42,416
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $247,790
    Bonus
    $0
    Other
    $3,744
    Deferred
    $10,286
    Nontaxable benefits
    $32,130
    Filer's total
    $293,950

  • Dennis Sadler

    VP, INFORMATION TECHNOLOGY

    Total calculated
    $254,984
    From this org
    $223,656
    From related orgs
    $0
    Other
    $31,328
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $222,366
    Bonus
    $0
    Other
    $1,290
    Deferred
    $7,757
    Nontaxable benefits
    $23,571
    Filer's total
    $254,984

  • Rodger Williams

    VP, STRATEGIC CONTENT & PRODUCT DEVELOPMENT

    Total calculated
    $235,251
    From this org
    $195,040
    From related orgs
    $0
    Other
    $40,211
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $173,507
    Bonus
    $19,750
    Other
    $1,783
    Deferred
    $8,126
    Nontaxable benefits
    $32,085
    Filer's total
    $235,251

  • Karen Thomas

    VP, DEI, MEMBERSHIP & WORKFORCE

    Total calculated
    $215,127
    From this org
    $195,884
    From related orgs
    $0
    Other
    $19,243
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $178,929
    Bonus
    $14,300
    Other
    $2,655
    Deferred
    $7,895
    Nontaxable benefits
    $11,348
    Filer's total
    $215,127

  • Merrie Scott

    VP, COMMUNITY & PARTNER ENGAGEMENT

    Total calculated
    $212,972
    From this org
    $178,856
    From related orgs
    $0
    Other
    $34,116
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $177,073
    Bonus
    $0
    Other
    $1,783
    Deferred
    $7,336
    Nontaxable benefits
    $26,780
    Filer's total
    $212,972

  • Brian Tablot

    SENIOR DIRECTOR, MARKETING, SALES & COMMUNICATIONS

    Total calculated
    $195,964
    From this org
    $188,041
    From related orgs
    $0
    Other
    $7,923
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $170,492
    Bonus
    $16,850
    Other
    $699
    Deferred
    $7,522
    Nontaxable benefits
    $401
    Filer's total
    $195,964

  • Maryanne Roy

    VP, PEOPLE & CULTURE

    Total calculated
    $193,822
    From this org
    $175,603
    From related orgs
    $0
    Other
    $18,219
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $157,524
    Bonus
    $16,500
    Other
    $1,579
    Deferred
    $7,204
    Nontaxable benefits
    $11,015
    Filer's total
    $193,822

  • Christopher Semon

    DIRECTOR, STRATEGIC RELATIONSHIP MANAGEMENT

    Total calculated
    $192,565
    From this org
    $154,174
    From related orgs
    $0
    Other
    $38,391
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,084
    Bonus
    $13,250
    Other
    $840
    Deferred
    $6,391
    Nontaxable benefits
    $32,000
    Filer's total
    $192,565

  • Michele Dominiak

    VP, PRODUCT OPERATIONS

    Total calculated
    $191,278
    From this org
    $173,325
    From related orgs
    $0
    Other
    $17,953
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $156,418
    Bonus
    $16,000
    Other
    $907
    Deferred
    $6,998
    Nontaxable benefits
    $10,955
    Filer's total
    $191,278

  • Daniel Day

    MANAGING DIRECTOR, PROFESSIONAL DEVELOPMENT

    Total calculated
    $186,168
    From this org
    $169,370
    From related orgs
    $0
    Other
    $16,798
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $156,942
    Bonus
    $11,770
    Other
    $658
    Deferred
    $5,850
    Nontaxable benefits
    $10,948
    Filer's total
    $186,168

  • Benjamin Iannotta

    EDITOR-IN-CHIEF, AEROSPACE AMERICA

    Total calculated
    $184,577
    From this org
    $146,415
    From related orgs
    $0
    Other
    $38,162
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $134,871
    Bonus
    $9,590
    Other
    $1,954
    Deferred
    $6,181
    Nontaxable benefits
    $31,981
    Filer's total
    $184,577

  • Stephen Lee

    SENIOR MANAGER, PRODUCT DEVELOPMENT

    Total calculated
    $174,626
    From this org
    $164,374
    From related orgs
    $0
    Other
    $10,252
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $152,284
    Bonus
    $10,600
    Other
    $1,490
    Deferred
    $6,600
    Nontaxable benefits
    $3,652
    Filer's total
    $174,626

  • Daniel Hastings

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Laura J McGill

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • R Steven Justice

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Annalisa Weigel

    TREASURER (EXITING FY24)

    Total calculated
    $0
    Hours/week
    1

  • Nancy Anderson

    TRUSTEE (INCOMING FY24)

    Total calculated
    $0
    Hours/week
    1

  • Johnathon Caldwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Culbertson

    TRUSTEE (EXITING FY24)

    Total calculated
    $0
    Hours/week
    1

  • Keoki Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Larry James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ben Linder

    TRUSTEE (INCOMING FY24)

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Marchionna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Todd Mosher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cheryl O'Keefe

    TRUSTEE (INCOMING FY24)

    Total calculated
    $0
    Hours/week
    1

  • Karen Willcox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Wilson

    TRUSTEE (EXITING FY24)

    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
2023
Filed
10 June 2025
IRS schema version
2023v6.0
Source object
202501629349301100

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.