Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: CONFERENCES

  total $10,427,673 · related or exempt $10,427,673

• 2b · Program service revenue: AIRPORT TRAINING/TECH

  total $6,423,860 · related or exempt $6,423,860

• 2c · Program service revenue: AIRPORT LEGISLATIVE

  total $3,007,425 · related or exempt $3,007,425

• 2d · Program service revenue: MEMBERSHIP DUES

  total $2,216,121 · related or exempt $2,216,121

• 2f · All other program service revenue

  total $1,482,573 · related or exempt $1,482,573

• 3 · Investment income

  total $643,283 · unrelated business $118,930 · excluded $524,353

• 6a · Gross rents

  real property $66,951

• 6b · Less rental expenses

  real property $497,451

• 6c · Rental income or loss

  real property -$430,500

• 6d · Net rental income or loss

  total -$430,500 · excluded -$430,500

• 11a · Other revenue: ADVERTISING

  total $205,574 · unrelated business $205,574

• 11e · Other revenue, total

  $205,574

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,380,611

• 5 · Compensation of officers, directors and key employees

  total $7,275,846

• 7 · Other salaries and wages

  total $6,503,913

• 8 · Pension plan contributions

  total $733,481

• 9 · Other employee benefits

  total $1,864,794

• 10 · Payroll taxes

  total $691,182

• 11b · Fees: legal

  total $47,187

• 11c · Fees: accounting

  total $84,630

• 11g · Fees: other

  total $2,522,257

• 13 · Office expenses

  total $855,355

• 16 · Occupancy

  total $503,734

• 17 · Travel

  total $1,232,908

• 19 · Conferences, conventions and meetings

  total $2,932,113

• 20 · Interest

  total $255,742

• 22 · Depreciation, depletion and amortization

  total $213,178

• 24a · Other expenses: OTHER EXPENSES

  total $919,313

• 24b · Other expenses: PARTNER REIMBURSEMENTS

  total $887,316

• 24c · Other expenses: EQUIPMENT

  total $415,650

• 24d · Other expenses: MEMBER SUBSCRIPTIONS

  total $354,498

• 24e · All other expenses

  total -$26,508

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,689,730 · end of year $3,849,684

• 2 · Savings and temporary cash investments

  beginning of year $7,639,264 · end of year $9,050,937

• 4 · Accounts receivable

  beginning of year $2,651,876 · end of year $2,757,151

• 9 · Prepaid expenses and deferred charges

  beginning of year $355,934 · end of year $376,598

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

  $16,798,943

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

  $11,892,212

• 10c · Land, buildings and equipment, net

  beginning of year $5,053,607 · end of year $4,906,731

• 11 · Investments: publicly traded securities

  beginning of year $4,418,385 · end of year $3,907,377

• 15 · Other assets

  beginning of year $6,249,093 · end of year $5,336,290

• 17 · Accounts payable and accrued expenses

  beginning of year $6,781,414 · end of year $7,139,853

• 19 · Deferred revenue

  beginning of year $7,392,063 · end of year $7,271,955

• 23 · Secured mortgages and notes payable

  beginning of year $5,954,442 · end of year $5,812,649

• 25 · Other liabilities

  beginning of year $6,839,480 · end of year $8,947,710

• 27 · Net assets without donor restrictions

  beginning of year $3,090,490 · end of year $1,012,601

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL IS OFFERED AS A NONTAXABLE BENEFIT TO EMPLOYEES TRAVELING ABROAD FOR BUSINESS PURPOSES . TO ENCOURAGE STAFF TO TAKE THEIR ANNUAL ALLOTTED VACATION TIME OFF, AAAE PROVIDES A ONE-TIME ANNUAL $1,500 GROSS-UP TAXABLE VACATION BONUS TO ELIGIBLE EMPLOYEES WHO TAKE AT LEAST 4 VACATION DAYS IN A ROW.

PART I, LINE 4B

THE ORGANIZATION ESTABLISHED AN UNFUNDED NONQUALIFIED DEFERRED BONUS PLAN ("PLAN") FOR A SELECT GROUP OF EXECUTIVES INTENDED TO MEET THE "TOP HAT" EXEMPTION FOR TITLES I & IV OF ERISA. THE PLAN IS INTENDED TO QUALIFY UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN ALLOWS ELIGIBLE EXECUTIVES TO DEFER A PORTION OF THEIR COMPENSATION NOT YET EARNED AS STATED IN THE PLAN DOCUMENT. THE PLAN SHALL BE BINDING ON PARTICIPATING EXECUTIVES AS WELL AS ANY OF THE EXECUTIVE'S SUCCESSORS WHO MAY BECOME ELIGIBLE TO RECEIVE PAYMENTS UNDER THE PLAN, SUCH AS A SPOUSE OR BENEFICIARIES AS DEFINED BY THE PLAN. EXECUTIVES PARTICIPATING IN THE PLAN WILL HAVE NO RIGHT, DIRECTLY OR INDIRECTLY, TO ANTICIPATE, ASSIGN, SELL OR PLEDGE ANY ASSET SET ASIDE TO SATISFY BENEFIT OBLIGATIONS. UNDER THE PLAN, THE ASSETS USED AS A SOURCE TO SATISFY PLAN BENEFITS SHALL BE AVAILABLE TO THE GENERAL CREDITORS OF THE ORGANIZATION.

Disregarded entities

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

• AAAE REAL ESTATE LLC

  BUILDING RENTAL · VA · income $193,336 · assets $15,959,572

  Directly controlled by AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES

Related corporations and trusts

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

• AAAE SERVICES CORPORATION INC

  C · PUBLISH MAGAZINE · VA · 100% owned · share of income $364,545 · share of assets $843,577 · controlled entity

  Directly controlled by AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES INC