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 AaeMARK E GALE AAE
CHAIR
- Total calculated
- $0
- Hours/week
- 8 + 7 related
-
Perry J Miller Aae IapPERRY J MILLER AAE IAP
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 8 + 7 related
-
Richard S Crider AaeRICHARD S CRIDER AAE
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 8 + 7 related
-
Rebecca L Hupp AaeREBECCA L HUPP AAE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 8 + 7 related
-
Lawrence J Krauter Aae AicpLAWRENCE J KRAUTER AAE AICP
FIRST PAST CHAIR
- Total calculated
- $0
- Hours/week
- 8 + 7 related
-
Kelly L Campbell AaeKELLY L CAMPBELL AAE
SECOND PAST CHAIR
- Total calculated
- $0
- Hours/week
- 8 + 7 related
-
Terry Blue Aae AceTERRY BLUE AAE ACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Henrietta Brown AaeHENRIETTA BROWN AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Kevin R Bumen AaeKEVIN R BUMEN AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
William E Foster AaeWILLIAM E FOSTER AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Christopher GreeneCHRISTOPHER GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Vinicio L Llerena Aae AceVINICIO L LLERENA AAE ACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Jane M Lucero AaeJANE M LUCERO AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Jennifer L Maples Aae AceJENNIFER L MAPLES AAE ACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Joseph G Marana Aae AceJOSEPH G MARANA AAE ACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Scott C McMahon AaeSCOTT C MCMAHON AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Melinda Montgomery AaeMELINDA MONTGOMERY AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Chad NixonCHAD NIXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Gregory S Phillips AaeGREGORY S PHILLIPS AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Judy M Ross AaeJUDY M ROSS AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Marc M Sethna AaeMARC M SETHNA AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Ryan H Sheehan AaeRYAN H SHEEHAN AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Cathryn Stephens AaeCATHRYN STEPHENS AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Craig A Williams AaeCRAIG A WILLIAMS AAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Patrick W Wilson Aae AcePATRICK W WILSON AAE ACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 7 related
-
Jeremy L Worrall Aae AceJEREMY 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.
-
AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES INC
501(C)(6) · TO REPRESENT AIRPORT MANAGEMENT THROUGHOUT THE U.S. · IL
-
AIRPORT RESEARCH AND DEVELOPMENT FOUNDATION
501(C)(3) · SCIENTIFIC AND EDUCATIONAL PURPOSES IN CONNECTION WITH AVIATION INDUSTRY · VA
Directly controlled by AMERICAN ASSOCIATION OF AIRPORT EXECUTIVES
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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