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Nonprofiteer
← EXPERIMENTAL AIRCRAFT ASSOCIATION INC

Form 990 for tax year 2024

Filed by EXPERIMENTAL AIRCRAFT ASSOCIATION INC.

Totals

Total revenue
$53,861,538
Total expenses
$49,040,747
Contributions and grants received
$9,994,198
Grants paid
$2,072,997
Program service revenue
$33,481,285
Investment income
$1,149,193
Other revenue
$9,236,862
Total assets, end of year
$91,798,106
Total liabilities, end of year
$48,496,523
Net assets or fund balances, end of year
$43,301,583
Program services expenses (Part IX)
$42,970,279
Management and general expenses
$5,511,233
Fundraising expenses
$559,235
Program service expenses (Part III)
$42,970,279

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JACK PELTON

    CEO/CHAIRMAN OF THE BOARD

    Total calculated
    $851,092
    From this org
    $511,737
    From related orgs
    $275,551
    Other
    $63,804
    Hours/week
    32.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $365,829 + $196,985 related
    Bonus
    $81,250 + $43,750 related
    Other
    $64,658 + $34,816 related
    Deferred
    $21,607 + $11,634 related
    Nontaxable benefits
    $19,866 + $10,697 related
    Filer's total
    $553,210 + $297,882 related

  • CHARLIE PRECOURT

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • STUART AUERBACH

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • JIM PHILLIPS

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • MIKE ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • RICHARD BEATTIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JEREMY BEHLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JIM BOURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JOE BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • SHELLY DEZEVALLOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • BEN DIACHUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • SUSAN DUSENBURY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • DAVID FORSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • MIKE GOULIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • ERIC GURLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • KEITH KOCOUREK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • PHIL MARTINEAU

    DIRECTOR - THRU 10/24

    Total calculated
    $0
    Hours/week
    10

  • DAN MAJKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • KEN MCKENZIE

    DIRECTOR - THRU 04/24

    Total calculated
    $0
    Hours/week
    10

  • DAVID PASAHOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JIM PFARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • LACEY PITTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • DARREN PLEASANCE

    DIRECTOR - THRU 12/24

    Total calculated
    $0
    Hours/week
    10

  • PAUL SCHAFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • DAN SCHWINN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • LOU SENO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • ALAN SHACKLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • MARK VAN TINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • DICK VANGRUNSVEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • KELLY RUH

    DIR FINANCE & HR, CFO

    Total calculated
    $296,416
    From this org
    $202,057
    From related orgs
    $67,352
    Other
    $27,007
    Hours/week
    37.5 + 12.5 related

    Schedule J breakdown matched by us

    Base
    $186,602 + $62,201 related
    Bonus
    $15,000 + $5,000 related
    Other
    $455 + $151 related
    Deferred
    $17,420 + $5,807 related
    Nontaxable benefits
    $2,835 + $945 related
    Filer's total
    $222,312 + $74,104 related

  • JAMES BUSHA

    VP, MEMB, MARKETING, PUBLICATIONS

    Total calculated
    $412,030
    From this org
    $345,139
    From related orgs
    $0
    Other
    $66,891
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $288,979
    Bonus
    $56,160
    Other
    $0
    Deferred
    $33,241
    Nontaxable benefits
    $33,650
    Filer's total
    $412,030

  • SEAN ELLIOTT

    VP, ADVOCACY & SAFETY

    Total calculated
    $318,471
    From this org
    $257,070
    From related orgs
    $0
    Other
    $61,401
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,834
    Bonus
    $42,749
    Other
    $1,487
    Deferred
    $24,218
    Nontaxable benefits
    $37,183
    Filer's total
    $318,471

  • RICK LARSEN

    VP, COMMUNITIES & MEMB PROG

    Total calculated
    $318,967
    From this org
    $281,530
    From related orgs
    $5,746
    Other
    $31,691
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $235,675 + $4,810 related
    Bonus
    $45,855 + $936 related
    Other
    $0
    Deferred
    $26,967 + $550 related
    Nontaxable benefits
    $4,090 + $84 related
    Filer's total
    $312,587 + $6,380 related

  • THOMAS MOULE

    DIRECTOR, IT

    Total calculated
    $208,786
    From this org
    $166,878
    From related orgs
    $0
    Other
    $41,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,878
    Bonus
    $0
    Other
    $0
    Deferred
    $13,083
    Nontaxable benefits
    $28,825
    Filer's total
    $208,786

  • ROBERT HACKMAN

    VP GOVERNMENT AFFAIRS

    Total calculated
    $210,081
    From this org
    $163,510
    From related orgs
    $0
    Other
    $46,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,766
    Bonus
    $0
    Other
    $744
    Deferred
    $12,346
    Nontaxable benefits
    $34,225
    Filer's total
    $210,081

  • KRISTINE PIHLGREN

    GENERAL COUNSEL

    Total calculated
    $211,202
    From this org
    $194,869
    From related orgs
    $0
    Other
    $16,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,869
    Bonus
    $0
    Other
    $0
    Deferred
    $15,218
    Nontaxable benefits
    $1,115
    Filer's total
    $211,202

  • JEREMY DESRUISSEAUX

    DIR OF FLIGHT PROFICIENCY PROG

    Total calculated
    $186,437
    From this org
    $141,936
    From related orgs
    $0
    Other
    $44,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,936
    Bonus
    $0
    Other
    $0
    Deferred
    $10,593
    Nontaxable benefits
    $33,908
    Filer's total
    $186,437

  • CHRISTOPHER FARRELL

    DIR, SAFETY, SECURITY & HOSPITALITY

    Total calculated
    $202,786
    From this org
    $157,474
    From related orgs
    $0
    Other
    $45,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,474
    Bonus
    $0
    Other
    $0
    Deferred
    $21,575
    Nontaxable benefits
    $23,737
    Filer's total
    $202,786

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 · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
TAX IDENTIFICATION AND GROSS-UP PAYMENTS THE ORGANIZATION PROVIDED JACK PELTON A GROSS-UP PAYMENT RELATED TO TRAVEL. THE AMOUNT RELATED AS TAXABLE COMPENSATION IS INCLUDED ON SCHEDULE J, PART II. SOCIAL CLUB DUES THE ORGANIZATION PROVIDES AN EAA EMPLOYEES FLYING CLUB MEMBERSHIP FOR THE FOLLOWING EMPLOYEES: JACK PELTON, SEAN ELLIOTT, KELLY RUH, AND ROBERT HACKMAN. 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.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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 $0 · assets $51,087

    Directly controlled by EAA

  • BLUE SKY PROPERTY HOLDINGS LLC

    PROPERTY · WI · income $0 · assets $1,577,359

    Directly controlled by EAA

Provenance

Return type
form_990
Tax year
2024
Filed
19 December 2025
IRS schema version
2024v5.2
Source object
202533579349300803

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