Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,727,085

• 1f · All other contributions, gifts and grants

  $7,795,080

• 1g · Noncash contributions included above

  $480,383

• 3 · Investment income

  total $697,156 · unrelated business -$38,271 · excluded $735,427

• 5 · Royalties

  total $4,058 · excluded $4,058

• 6a · Gross rents

  real property $1,009,703

• 6b · Less rental expenses

  real property $1,087,530

• 6c · Rental income or loss

  real property -$77,827

• 6d · Net rental income or loss

  total -$77,827 · excluded -$77,827

• 7a · Gross sales of assets other than inventory

  securities $14,959,192

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

  securities $14,726,761

• 7c · Gain or loss

  securities $232,431

• 7d · Net gain or loss

  total $232,431 · unrelated business $11,328 · excluded $221,103

• 8a · Fundraising events: gross income

  $136,400

• 8a · Fundraising events: contributions included on line 1c

  $1,727,085

• 8b · Fundraising events: direct expenses

  $924,895

• 8c · Net income from fundraising events

  total -$788,495 · excluded -$788,495

• 9a · Gaming: gross income

  $324,800

• 9b · Gaming: direct expenses

  $101,737

• 9c · Net income from gaming

  total $223,063 · excluded $223,063

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,738,680 · program services $5,738,680

• 5 · Compensation of officers, directors and key employees

  total $271,000 · management and general $123,850 · fundraising $147,150

• 7 · Other salaries and wages

  total $330,718 · management and general $66,927 · fundraising $263,791

• 9 · Other employee benefits

  total $61,003 · management and general $10,360 · fundraising $50,643

• 10 · Payroll taxes

  total $25,348 · management and general $5,087 · fundraising $20,261

• 11b · Fees: legal

  total $952 · management and general $952

• 11c · Fees: accounting

  total $43,888 · management and general $43,888

• 11e · Fees: professional fundraising services

  total $48,000 · fundraising $48,000

• 11f · Fees: investment management

  total $88,833 · management and general $88,833

• 11g · Fees: other

  total $73,931 · management and general $300 · fundraising $73,631

• 12 · Advertising and promotion

  total $49,913 · fundraising $49,913

• 13 · Office expenses

  total $43,610 · management and general $134 · fundraising $43,476

• 16 · Occupancy

  total $25,481 · management and general $25,481

• 17 · Travel

  total $20,038 · management and general $2,036 · fundraising $18,002

• 19 · Conferences, conventions and meetings

  total $5,350 · fundraising $5,350

• 22 · Depreciation, depletion and amortization

  total $66,132 · management and general $66,132

• 23 · Insurance

  total $27,164 · management and general $27,164

• 24a · Other expenses: CREDIT CARD DISCOUNTS

  total $58,398 · fundraising $58,398

• 24b · Other expenses: PUBLIC RELATIONS

  total $35,785 · fundraising $35,785

• 24c · Other expenses: ADMINISTRATIVE FEES

  total $12,570 · management and general $12,570

• 24d · Other expenses: ANNUITY PROGRAM BENEFIT

  total $10,123 · management and general $10,123

• 24e · All other expenses

  total $30,822 · management and general $2,787 · fundraising $28,035

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $894,507 · end of year $1,666,730

• 3 · Pledges and grants receivable

  beginning of year $1,660,925 · end of year $1,166,784

• 4 · Accounts receivable

  beginning of year $0 · end of year $1,223,333

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,305 · end of year $188,009

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

  $14,462,699

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

  $10,834,600

• 10c · Land, buildings and equipment, net

  beginning of year $3,840,213 · end of year $3,628,099

• 11 · Investments: publicly traded securities

  beginning of year $29,654,748 · end of year $22,595,284

• 12 · Investments: other securities

  beginning of year $14,502,166 · end of year $15,103,961

• 15 · Other assets

  beginning of year $15,646,542 · end of year $19,022,862

• 17 · Accounts payable and accrued expenses

  beginning of year $1,415,040 · end of year $281,155

• 25 · Other liabilities

  beginning of year $144,652 · end of year $144,652

• 27 · Net assets without donor restrictions

  beginning of year $34,164,947 · end of year $33,919,171

• 28 · Net assets with donor restrictions

  beginning of year $30,526,767 · end of year $30,250,084

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB DUES EAA, A RELATED ENTITY, PROVIDES EAA EMPLOYEES FLYING CLUB MEMBERSHIP FOR THE FOLLOWING EMPLOYEES: JACK PELTON AND MARGARET BRILL. 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 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.