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← AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES FOUNDATION INC

Form 990 for tax year 2022

Filed by AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES FOUNDATION INC.

Totals

Total revenue
$574,733
Total expenses
$393,455
Contributions and grants received
$497,074
Grants paid
$370,702
Program service revenue
$0
Investment income
$77,632
Other revenue
$27
Total assets, end of year
$5,844,570
Total liabilities, end of year
$900,110
Net assets or fund balances, end of year
$4,944,460
Program services expenses (Part IX)
$393,455
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$393,455

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $283,681

  • 1f · All other contributions, gifts and grants

    $213,393

  • 3 · Investment income

    total $77,076 · excluded $77,076

  • 7a · Gross sales of assets other than inventory

    securities $3,620

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

    securities $3,064

  • 7c · Gain or loss

    securities $556

  • 7d · Net gain or loss

    total $556 · excluded $556

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $27 · excluded $27

  • 11e · Other revenue, total

    $27

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $370,702 · program services $370,702

  • 11c · Fees: accounting

    total $4,050 · program services $4,050

  • 11g · Fees: other

    total $9,754 · program services $9,754

  • 12 · Advertising and promotion

    total $332 · program services $332

  • 13 · Office expenses

    total $256 · program services $256

  • 24a · Other expenses: AWARDS

    total $5,925 · program services $5,925

  • 24b · Other expenses: BAD DEBT

    total $1,450 · program services $1,450

  • 24c · Other expenses: SUBSCRIPTIONS

    total $961 · program services $961

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $25 · program services $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,336 · end of year $229,848

  • 2 · Savings and temporary cash investments

    end of year $2,185,246

  • 4 · Accounts receivable

    beginning of year $16,739 · end of year $80,466

  • 11 · Investments: publicly traded securities

    beginning of year $5,862,572 · end of year $3,349,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,563 · end of year $53,358

  • 19 · Deferred revenue

    beginning of year $1,250 · end of year $1,250

  • 25 · Other liabilities

    beginning of year $464,606 · end of year $845,502

  • 27 · Net assets without donor restrictions

    beginning of year $4,962,100 · end of year $4,354,332

  • 28 · Net assets with donor restrictions

    beginning of year $590,128 · end of year $590,128

Mission and programs · 2022

Mission

THE FOUNDATION WAS ESTABLISHED TO PROMOTE THE EDUCATION AND PROFESSIONALISM OF AIRPORT MANAGERS. THE FOUNDATION GRANTS SCHOLARSHIPS TO AAAE MEMBERS AND THEIR DEPENDENTS.

Activities or mission (Part I)

THE FOUNDATION WAS ESTABLISHED TO PROMOTE THE EDUCATION AND PROFESSIONALISM OF AIRPORT MANAGERS. THE FOUNDATION GRANTS SCHOLARSHIPS TO AAAE ACCREDITED MEMBERS AND THEIR DEPENDENTS. SINCE 1989, THE AAAE FOUNDATION HAS ISSUED OVER 3,250 SCHOLARSHIP CHECKS TOTALING MORE THAN $5.7 MILLION, MAKING THE ORGANIZATION ONE OF THE LARGEST SUPPORTERS OF HIGHER EDUCATION ASSISTANCE IN THE ENTIRE AVIATION INDUSTRY. IN 2022, THE AAAE FOUNDATION AWARDED 127 SCHOLARSHIP AWARDS TOTALING $370,702.

  • THE FOUNDATION WAS ESTABLISHED TO PROMOTE THE EDUCATION AND PROFESSIONALISM OF AIRPORT MANAGERS. THE FOUNDATION GRANTS SCHOLARSHIPS TO AAAE MEMBERS AND DEPENDENTS, AVIATION STUDENTS, NATIVE AMERICANS, AND STUDENTS SPONSORED BY AAAE.

    Expenses $393,455 · Grants $370,702

As filed on the 2022 return.

Listed in Part VII

  • Mark E Gale Aae

    CHAIR

    Total calculated
    $0
    Hours/week
    8 + 7 related
  • Perry J Miller Aae Iap

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    8 + 7 related
  • Richard S Crider Aae

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    8 + 7 related
  • Rebecca L Hupp Aae

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    8 + 7 related
  • Lawrence J Krauter Aae Aicp

    FIRST PAST CHAIR

    Total calculated
    $0
    Hours/week
    8 + 7 related
  • Kelly L Campbell Aae

    SECOND PAST CHAIR

    Total calculated
    $0
    Hours/week
    8 + 7 related
  • Terry Blue Aae Ace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Henrietta Brown Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Kevin R Bumen Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • William E Foster Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Christopher Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Vinicio L Llerena Aae Ace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Jane M Lucero Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Jennifer L Maples Aae Ace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Joseph G Marana Aae Ace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Scott C McMahon Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Melinda Montgomery Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Chad Nixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Gregory S Phillips Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Judy M Ross Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Marc M Sethna Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Ryan H Sheehan Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Cathryn Stephens Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Craig A Williams Aae

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Patrick W Wilson Aae Ace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related
  • Jeremy L Worrall Aae Ace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 7 related

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.

Grants on this return

No itemized grants to organizations 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.

Related corporations and trusts

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

  • AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES SERVICE CORP INC

    C · PUBLISH MAGAZINE · VA

    Directly controlled by AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349313489

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