Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $5,738,680

• 1f · All other contributions, gifts and grants

  $3,187,935

• 1g · Noncash contributions included above

  $583,135

• 2a · Program service revenue: AIRVENTURE REGISTRATION

  total $11,147,920 · related or exempt $11,147,920

• 2b · Program service revenue: MEMBERSHIP

  total $6,303,479 · related or exempt $6,303,479

• 2c · Program service revenue: AIRVENTURE EXHIBIT FEES

  total $4,698,020 · excluded $4,698,020

• 2d · Program service revenue: COMMISSIONS - FOOD & BEVERAGE

  total $1,678,842 · related or exempt $1,678,842

• 2e · Program service revenue: EDUCATIONAL PROGRAMS

  total $1,657,106 · related or exempt $1,657,106

• 2f · All other program service revenue

  total $2,699,252 · related or exempt $1,156,798 · unrelated business $1,542,454

• 3 · Investment income

  total $463,824 · excluded $463,824

• 5 · Royalties

  total $590,460 · excluded $590,460

• 6a · Gross rents

  real property $501,644 · personal property $298,552

• 6b · Less rental expenses

  real property $14,863 · personal property $0

• 6c · Rental income or loss

  real property $486,781 · personal property $298,552

• 6d · Net rental income or loss

  total $785,333 · related or exempt $277,056 · unrelated business $27,680 · excluded $480,597

• 7a · Gross sales of assets other than inventory

  securities $7,255,422 · other assets $172,438

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

  securities $7,347,805 · other assets $135,566

• 7c · Gain or loss

  securities -$92,383 · other assets $36,872

• 7d · Net gain or loss

  total -$55,511 · excluded -$55,511

• 10a · Gross sales of inventory

  $3,374,356

• 10b · Cost of goods sold

  $1,767,285

• 10c · Net income from sales of inventory

  total $1,607,071 · related or exempt $1,560,812 · unrelated business $46,259

• 11a · Other revenue: COST RECOVER-FDN/AFFLIATES/OTHERS

  total $3,000,708 · related or exempt $3,000,708

• 11b · Other revenue: TRADE SHOW ADVERTISING

  total $638,149 · excluded $638,149

• 11c · Other revenue: HOSTED EVENTS

  total $193,842 · related or exempt $131,342 · unrelated business $62,500

• 11d · All other revenue

  total $246,297 · related or exempt $175,168 · excluded $71,129

• 11e · Other revenue, total

  $4,078,996

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,500 · program services $7,500

• 2 · Grants to domestic individuals

  total $1,706,124 · program services $1,706,124

• 5 · Compensation of officers, directors and key employees

  total $1,890,542 · program services $1,425,155 · management and general $465,387

• 7 · Other salaries and wages

  total $11,375,924 · program services $3,158,414 · management and general $8,217,510

• 8 · Pension plan contributions

  total $440,495 · program services $201,494 · management and general $239,001

• 9 · Other employee benefits

  total $1,827,419 · program services $63,027 · management and general $1,764,392

• 10 · Payroll taxes

  total $920,283 · program services $797,334 · management and general $122,949

• 11b · Fees: legal

  total $48,598 · management and general $48,598

• 11c · Fees: accounting

  total $129,076 · management and general $129,076

• 11f · Fees: investment management

  total $45,776 · management and general $45,776

• 11g · Fees: other

  total $5,429,307 · program services $3,580,059 · management and general $1,849,248

• 12 · Advertising and promotion

  total $194,137 · program services $19,092 · management and general $175,045

• 13 · Office expenses

  total $1,898,219 · program services $1,164,440 · management and general $733,779

• 14 · Information technology

  total $784,725 · program services $1,026 · management and general $783,699

• 16 · Occupancy

  total $2,878,919 · program services $1,477,037 · management and general $1,401,882

• 17 · Travel

  total $1,386,094 · program services $1,274,961 · management and general $111,133

• 19 · Conferences, conventions and meetings

  total $10,462 · program services $7,744 · management and general $2,718

• 20 · Interest

  total $108,191 · management and general $108,191

• 22 · Depreciation, depletion and amortization

  total $1,716,673 · program services $113,466 · management and general $1,603,207

• 23 · Insurance

  total $1,726,059 · program services $1,334,761 · management and general $391,298

• 24a · Other expenses: EQUIPMENT RENTAL

  total $3,025,949 · program services $2,939,142 · management and general $86,807

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $960,843 · program services $560,009 · management and general $400,834

• 24c · Other expenses: PROGRAM SUPPLIES

  total $936,991 · program services $877,306 · management and general $59,685

• 24d · Other expenses: INCOME TAXES

  total $505 · program services $0 · management and general $505

• 24e · All other expenses

  total $3,733,862 · program services $14,866,109 · management and general -$11,714,100 · fundraising $581,853

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,387,720 · end of year $2,382,600

• 4 · Accounts receivable

  beginning of year $2,557,862 · end of year $697,219

• 8 · Inventories for sale or use

  beginning of year $884,345 · end of year $1,423,166

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,764,432 · end of year $1,832,847

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

  $66,653,081

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

  $35,560,637

• 10c · Land, buildings and equipment, net

  beginning of year $30,436,238 · end of year $31,092,444

• 11 · Investments: publicly traded securities

  beginning of year $14,538,720 · end of year $20,279,205

• 12 · Investments: other securities

  beginning of year $0 · end of year $1,284,155

• 14 · Intangible assets

  beginning of year $30,000 · end of year $30,000

• 15 · Other assets

  beginning of year $2,425,547 · end of year $4,708,178

• 17 · Accounts payable and accrued expenses

  beginning of year $4,238,719 · end of year $4,706,706

• 19 · Deferred revenue

  beginning of year $17,049,570 · end of year $18,825,507

• 20 · Tax-exempt bond liabilities

  beginning of year $4,000,000 · end of year $3,400,000

• 25 · Other liabilities

  beginning of year $0 · end of year $1,798,927

• 27 · Net assets without donor restrictions

  beginning of year $33,416,537 · end of year $33,830,773

• 28 · Net assets with donor restrictions

  beginning of year $1,320,038 · end of year $1,167,901

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB DUES THE ORGANIZATION PROVIDES AN EAA EMPLOYEES FLYING CLUB MEMBERSHIP FOR THE FOLLOWING EMPLOYEES: JACK PELTON, SEAN ELLIOTT & JAMES BUSHA. THE AMOUNT TREATED AS TAXABLE COMPENSATION IS INCLUDED ON SCHEDULE J, PART II.

PART I, LINE 1B

SOCIAL CLUB DUES REFER TO THE PART I, LINE 1A NARRATIVE.

PART I, LINE 3

COMPARABLE COMPENSATION DATA THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION TAKES INTO ACCOUNT COMPENSATION LEVELS OF COMPARABLE POSITIONS IN PEER ORGANIZATIONS.

PART I, LINE 5

COMPENSATION CONTINGENT ON REVENUES OF THE ORGANIZATION ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES IS GROSS OPERATING REVENUE.

PART I, LINE 6

COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES IS NET OPERATING INCOME.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• EAA IMC LLC

  LICENSING · WI · income $0 · assets $0

  Directly controlled by EAA

• EAA STC LLC

  STC ISSUANCE · WI · income $400 · assets $51,028

  Directly controlled by EAA

• BLUE SKY PROPERTY HOLDINGS LLC

  PROPERTY · WI · income $0 · assets -$35,225

  Directly controlled by EAA