Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $11,516,655

• 1g · Noncash contributions included above

  $427,252

• 2a · Program service revenue: REGISTRATION REVENUE

  total $238,435 · related or exempt $238,435

• 3 · Investment income

  total $465,413 · excluded $465,413

• 7a · Gross sales of assets other than inventory

  securities $21,854,133

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

  securities $20,862,256

• 7c · Gain or loss

  securities $991,877

• 7d · Net gain or loss

  total $991,877 · excluded $991,877

• 11a · Other revenue: SHARED COST ALLOCATION

  total $50,000 · related or exempt $50,000

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $2,952 · excluded $2,952

• 11e · Other revenue, total

  $52,952

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,500,000 · program services $1,500,000

• 2 · Grants to domestic individuals

  total $1,147,922 · program services $1,147,922

• 7 · Other salaries and wages

  total $2,815,205 · program services $2,573,310 · management and general $63,860 · fundraising $178,035

• 8 · Pension plan contributions

  total $214,217 · program services $195,811 · management and general $4,859 · fundraising $13,547

• 9 · Other employee benefits

  total $9,874 · program services $9,043 · fundraising $831

• 10 · Payroll taxes

  total $559,965 · program services $502,510 · management and general $21,151 · fundraising $36,304

• 11c · Fees: accounting

  total $44,394 · management and general $44,394

• 11f · Fees: investment management

  total $195,555 · management and general $195,555

• 11g · Fees: other

  total $281,936 · program services $276,896 · management and general $1,120 · fundraising $3,920

• 12 · Advertising and promotion

  total $115,106 · program services $82,650 · fundraising $32,456

• 13 · Office expenses

  total $55,547 · program services $39,427 · management and general $8,207 · fundraising $7,913

• 14 · Information technology

  total $29,174 · program services $25,334 · fundraising $3,840

• 17 · Travel

  total $272,475 · program services $243,702 · management and general $5,743 · fundraising $23,030

• 19 · Conferences, conventions and meetings

  total $337,891 · program services $320,550 · fundraising $17,341

• 22 · Depreciation, depletion and amortization

  total $22,965 · program services $22,965

• 23 · Insurance

  total $8,500 · program services $6,800 · fundraising $1,700

• 24a · Other expenses: SHARED COSTS & OVERHEAD

  total $1,926,484 · program services $1,458,837 · management and general $331,523 · fundraising $136,124

• 24b · Other expenses: PRINT, MAIL AND POSTAGE

  total $416,472 · program services $305,190 · management and general $2,220 · fundraising $109,062

• 24c · Other expenses: RENTALS, REPAIRS & MAIN

  total $55,544 · program services $50,097 · fundraising $5,447

• 24d · Other expenses: BAD DEBT

  total $21,842 · fundraising $21,842

• 24e · All other expenses

  total $16,787 · program services $15,959 · management and general $267 · fundraising $561

• 26 · Joint costs (an allocation of the lines above)

  total $2,246,601 · program services $1,654,648 · management and general $0 · fundraising $591,953

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,765,982 · end of year $4,604,208

• 3 · Pledges and grants receivable

  beginning of year $941,340 · end of year $2,572,717

• 9 · Prepaid expenses and deferred charges

  beginning of year $427,140 · end of year $447,859

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

  $97,477

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

  $74,645

• 10c · Land, buildings and equipment, net

  beginning of year $45,797 · end of year $22,832

• 11 · Investments: publicly traded securities

  beginning of year $14,560,476 · end of year $15,022,434

• 12 · Investments: other securities

  beginning of year $26,978,346 · end of year $22,894,385

• 15 · Other assets

  beginning of year $297,174 · end of year $294,873

• 17 · Accounts payable and accrued expenses

  beginning of year $1,431,511 · end of year $1,465,819

• 19 · Deferred revenue

  beginning of year $40,237 · end of year $89

• 25 · Other liabilities

  beginning of year $297,174 · end of year $294,873

• 27 · Net assets without donor restrictions

  beginning of year $25,630,963 · end of year $16,418,514

• 28 · Net assets with donor restrictions

  beginning of year $22,616,370 · end of year $27,680,013

The filer's explanations (Part III)

PART I, LINE 4B

NONQUALIFIED RETIREMENT PLAN MARK BAKER PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED 457(F) PLAN, WHICH IS INCLUDED IN PART II, COLUMN C. THE 2022 CONTRIBUTION TO THIS PLAN WAS $150,000.

PART I, LINE 7:

NONFIXED PAYMENTS TARGET INCENTIVE AMOUNTS, AS A PERCENTAGE OF BASE SALARY, ARE ESTABLISHED BASED ON THE PARTICIPANT'S POSITION. THE ACTUAL BONUS PAID IS PROPOSED BY THE EXECUTIVE MANAGEMENT TEAM AND THE PRESIDENT BASED ON THEIR ASSESSMENT OF THE PARTICIPANT'S INDIVIDUAL PERFORMANCE AND THAT OF THE ORGANIZATION AGAINST PRE-ESTABLISHED GOALS. THE BOARD OF TRUSTEES AND COMPENSATION COMMITTEE REVIEW AND MAKE A FINAL DETERMINATION AS TO THE ACTUAL BONUS AMOUNT PAID TO PARTICIPANTS. NONE OF THE PERSONS MENTIONED ABOVE PARTICIPATE IN THE DELIBERATION OF THEIR COMPENSATION ARRANGEMENT. THE DELIBERATIONS AND DECISIONS OF THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED IN CONTEMPORANEOUS DOCUMENTATION WITH OUR HUMAN RESOURCES DEPARTMENT.

PART II:

COMPENSATION INFORMATION AOPA FOUNDATION USES THE SERVICES OF AIRCRAFT OWNERS & PILOTS ASSOCIATION'S HUMAN RESOURCES DEPARTMENT IN ORDER TO DETERMINE REASONABLE COMPENSATION OF ITS EMPLOYEES. THE COMPENSATION LEVELS AND SALARY RANGES FOR CERTAIN EMPLOYEES OF THE ORGANIZATION ARE ESTABLISHED BASED ON COMPETITIVE MARKET DATA OBTAINED THROUGH PERIODIC SALARY SURVEYS PERFORMED BY OUTSIDE COMPENSATION EXPERTS ENGAGED BY THE ORGANIZATION. THESE SURVEYS PROVIDE GUIDANCE FOR ESTABLISHING REASONABLE COMPENSATION RATES AS COMPARED TO COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR POSITIONS OF SIMILAR SCOPE OF RESPONSIBILITY. ALL POSITIONS ARE EVALUATED AND PLACED IN THE APPROPRIATE GRADES/SALARY RANGES. AN INDIVIDUAL EMPLOYEE'S SALARY, WITHIN THEIR ASSIGNED RANGE, VARIES DEPENDING PRIMARILY UPON EXPERIENCE AND PERFORMANCE. THE ORGANIZATION HAS ADOPTED A "PAY FOR PERFORMANCE" PHILOSOPHY ALLOWING MANAGERS TO AWARD MERIT INCREASES BASED ON AN INDIVIDUAL'S PERFORMANCE AGAINST PRE-ESTABLISHED GOALS. THE ORGANIZATION'S ANNUAL MERIT INCREASE BUDGET IS APPROVED BY THE BOARD OF TRUSTEES BASED ON MARKET SURVEYS. CERTAIN EMPLOYEES ALSO PARTICIPATE IN THE ORGANIZATION'S INCENTIVE PAY PROGRAM.

Disregarded entities

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

• GENERAL AVIATION STAKEHOLDERS UNLIMITED

  GENERAL AVIATION · DE · income $0 · assets $0

  Directly controlled by AOPA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• AOPA HOLDINGS CORPORATION

  C · HOLDINGS CORP · DE

  Directly controlled by AOPA