2022-01-14T05:48:29-06:00 2021-02-28 366055558 GRANT THORNTON LLP 100 E WISCONSIN AVE MILWAUKEE WI 53202 990 2020-03-01 390917537 EXPERIMENTAL AIRCRAFT ASSOCIATION INC EXPE 9204264800 3000 POBEREZNY ROAD OSHKOSH WI 54902 BRIAN WIERZBINSKI EXECUTIVE VP/CFO 9204264800 2022-01-13 1 BRIAN WIERZBINSKI 999009999 MICHELLE WEBER P00556798 4142898200 2022-01-13 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN WIERZBINSKI 3000 POBEREZNY ROAD OSHKOSH WI 54902 46282145 0 X WWW.EAA.ORG X 1955 WI DEDICATION TO GROWING AVIATION THROUGH PARTICIPATION & EDUCATION. DELIVER (CONTINUED ON SCHEDULE O) 29 28 306 85 1466487 31700 7526978 3951176 28213220 7462431 914815 3706951 7724052 3741375 44379065 18861933 1179953 1268429 0 0 15436230 13131605 0 0 482109 25299061 12948496 41915244 27348530 2463821 -8486597 61965071 53947894 23653734 25266127 38311337 28681767 X EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IS DEDICATED TO GROWING AVIATION THROUGH PARTICIPATION AND EDUCATION. WE STRIVE TO DELIVER EDUCATIONAL OFFERINGS AND ACTIVITIES WHICH GUIDE NEW PARTICIPANTS AND REDUCE BARRIERS TO PARTICIPATION. EAA (CONTINUED ON SCHEDULE O) IGNITES AND NURTURES INTEREST BY EMBRACING THE "SPIRIT OF AVIATION" IN ALL THAT WE DO. EAA IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES. EAA COOPERATES WITH AND ASSISTS GOVERNMENTAL AGENCIES IN THE DEVELOPMENT OF PROGRAMS RELATING TO AVIATION ACTIVITIES, PROMOTES AND ENCOURAGES AVIATION SAFETY, PROMOTES AND ENCOURAGES GRASS ROOTS EFFORTS RELATING TO AVIATION RESEARCH AND DEVELOPMENT AND PROMOTES AND ENCOURAGES AVIATION THROUGH EDUCATION. 0 1 3833487 5000 21035 AIRVENTURE - THE LARGEST AVIATION EVENT OF ITS KIND IS HELD EACH YEAR IN LATE JULY. AIRVENTURE EDUCATES THOSE ATTENDING ON AVIATION AND AIRCRAFT THROUGH EXHIBITS, DEMONSTRATION AIRSHOWS, EDUCATIONAL SESSIONS, AND INTERACTIVE DISPLAYS. DUE TO THE 2020 COVID-19 PANDEMIC, AIRVENTURE WAS CANCELLED. ALTHOUGH THE SHOW WAS CANCELLED, COSTS WERE STILL INCURRED IN PLANNING FOR THE EVENT. AIRVENTURE IS EXPECTED TO RESUME IN FY22 AND WILL CONTINUE IN FUTURE YEARS. 3653141 46220 7456800 MEMBERSHIP AND PUBLICATIONS - "SPORT AVIATION" IS A MONTHLY PUBLICATION ISSUED TO MEMBERS WITH A VARIETY OF EDUCATIONAL INFORMATION ON AVIATION. OTHER VARIOUS PRINTED AND DIGITAL PUBLICATIONS ARE PRODUCED ON A PERIODIC BASIS TO INFORM AND EDUCATE MEMBERS OR AIRVENTURE ATTENDEES. INCLUDES COSTS ASSOCIATED WITH PROVIDING KNOWLEDGE AND INFORMATION TO ASSIST WITH TECHNICAL QUESTIONS ON AVIATION MATTERS AND PROMOTING MEMBERSHIP IN THE ORGANIZATION. 2055463 936859 470541 EAA SUPPORTS OVER 900 LOCAL DESIGNATED CHAPTERS. THESE CHAPTERS DO NO MEET THE DEFINITION OF "CHAPTERS" WITHIN THE MEANING PROVIDED BY THE FORM 990 INSTRUCTIONS. THESE SO-CALLED CHAPTERS ARE INDIVIDUAL STAND-ALONE ORGANIZATIONS THAT ARE ABOUT PEOPLE, BRINGING TOGETHER INDIVIDUALS INTERESTED IN LEARNING MORE ABOUT AVIATION AS WELL AS SHARING THEIR OWN KNOWLEDGE. CHAPTER MEMBERS ARE INVOLVED IN A VARIETY OF SOCIAL AND EDUCATIONAL ACTIVITIES, INCLUDING YOUNG EAGLES RALLIES, FLY-INS, BUILDING SEMINARS, AND MORE, TO BUILD AWARENESS IN THE COMMUNITY. CHAPTERS ARE INSTRUMENTAL IN ADMINISTERING THE RAY AVIATION SCHOLARSHIP PROGRAM. 9229080 280350 2269039 FLIGHT EXPERIENCES, MUSEUM ADMISSIONS, SPORT AIR WORKSHOPS, HOSTED EVENTS, AND SPECIAL INTEREST COMMUNITY SUPPORT. 9229080 280350 2269039 18771171 1 1 0 1 0 0 0 1 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 123 0 1 306 1 1 1 0 0 0 0 0 1 0 0 0 0 0 X 29 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ AR FL GA KS MA MI NJ NY PA VA WI X X BRIAN WIERZBINKSI 9204264800 3000 POBEREZNY ROAD OSHKOSH WI 54902 JACK PELTON CEO/CHAIRMAN OF THE BOARD 32.50 17.50 X X 320124 172375 79687 BRIAN WIERZBINSKI EXECUTIVE VP/CFO 37.50 12.50 X 243777 81259 62351 RICK LARSEN VP - COMMUNITIES & MEMB PROGRAM 49.00 1.00 X 241306 4925 47723 SEAN ELLIOTT VP - ADVOCACY & SAFETY 50.00 0.00 X 222219 0 48296 JAMES BUSHA VP - MEMB, MARKETING, PUBLICATIONS 50.00 0.00 X 206224 0 41309 KAREN KRYZANIAK VP - RISK MANAGEMENT & HR 50.00 0.00 X 213783 0 32582 DOUGLAS MACNAIR VP - GOVERNMENT RELATIONS 40.00 0.00 X 181944 0 27271 THOMAS MOULE DIRECTOR, IT 40.00 0.00 X 163606 0 33479 DAVID GOELZER ATTORNEY - 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AS OF 11/20 10.00 0.00 X 0 0 0 JACK HARRINGTON DIRECTOR - THRU 11/20 10.00 0.00 X 0 0 0 ALAN KLAPMEIER DIRECTOR - THRU 11/20 10.00 0.00 X 0 0 0 KEITH KOCOUREK DIRECTOR 10.00 0.00 X 0 0 0 DAN MAJKA DIRECTOR 10.00 0.00 X 0 0 0 PHIL MARTINEAU DIRECTOR 10.00 0.00 X 0 0 0 KEN MCKENZIE DIRECTOR 10.00 0.00 X 0 0 0 JAMES OLZACKI DIRECTOR - AS OF 11/20 10.00 0.00 X 0 0 0 DAVID PASAHOW DIRECTOR 10.00 0.00 X 0 0 0 HEATHER PENNEY DIRECTOR 10.00 0.00 X 0 0 0 DARREN PLEASANCE DIRECTOR 10.00 0.00 X 0 0 0 PAUL SCHAFER DIRECTOR 10.00 0.00 X 0 0 0 DAN SCHWINN DIRECTOR 10.00 0.00 X 0 0 0 LOU SENO DIRECTOR 10.00 0.00 X 0 0 0 ALAN SHACKLETON DIRECTOR 10.00 0.00 X 0 0 0 MARK SOLPER DIRECTOR 10.00 0.00 X 0 0 0 VIC SYRACUSE DIRECTOR 10.00 0.00 X 0 0 0 MARK VAN TINE DIRECTOR 10.00 0.00 X 0 0 0 DICK VANGRUNSVEN DIRECTOR 10.00 0.00 X 0 0 0 CODY WELCH DIRECTOR - THRU 4/20 10.00 0.00 X 0 0 0 2285638 436208 499216 12 1 1 0 STREAMWORKS LLC 20195 SO DIAMOND LAKE RD 700 ROGERS MN 55374 MEMBERSHIP MARKETING 466270 REAL CONSTRUCTION 729 WAUPUN RD OSHKOSH WI 54902 CONSTRUCTION SERVICES 339308 GRANT THORNTON LLP 171 N CLARK STREET SUITE 200 CHICAGO IL 60601 ACCOUNTING SERVICES 113964 3 X 4082365 -131189 139412 3951176 MEMBERSHIP 900099 5786725 5786725 PUBLICATION/ADVERTISING 541800 1429025 1429025 EDUCATIONAL PROGRAMS 900099 169751 169751 MUSEUM TOURS/ADMISSIONS 900099 66230 66230 OTHER REGISTRATIONS 900099 9000 9000 1700 1700 7462431 352718 352718 614699 614699 123434 27133 5274 0 118160 27133 145293 41948 5980 97365 30330548 26976315 3354233 3354233 3354233 888159 438623 449536 428099 21437 COST RECOVER-FDN/AFFLIATES/OTHERS 561000 2269768 2269768 GAIN ON DEFERRED COMP 900099 213594 213594 HOSTED EVENTS 900099 14427 4382 10045 34058 10787 23271 2531847 18861933 8788390 1466487 4655880 124820 124820 1143609 1143609 1811712 1322921 488791 8554518 2425871 6128647 441486 275459 166027 1676169 52236 1623933 647720 252240 395480 88837 88837 108458 108458 40245 40245 1712848 334836 1378012 314265 152276 161989 1576019 991691 584277 51 589036 1453 587583 2212485 1080861 1131624 116580 90621 25959 4788 2112 2676 67482 67482 1962885 176774 1786111 1689219 1362664 326555 REPAIRS AND MAINTENANCE 566887 258268 308619 CREDIT CARD DISCOUNTS 212607 8929 203678 0 PROGRAM SUPPLIES 210803 198289 12487 27 INCOME TAXES 40370 0 40370 0 1434682 8515241 -7562590 482031 27348530 18771171 8095250 482109 1713788 3273665 28044 11894 774584 533911 988395 1097480 1598267 1310810 63119708 33377041 28859354 29742667 24935602 15060590 30000 30000 3037037 2886877 61965071 53947894 3521694 2589870 14718446 18076257 5200000 4600000 213594 0 23653734 25266127 X 35825492 27248794 2485845 1432973 38311337 28681767 61965071 53947894 -8486597 -1142973 0 X 0 1 X 1 0 X 7951543 7540971 11272689 7526978 3951176 38243357 29298982 31290734 31250855 32659785 9177638 133677994 363045 345750 355200 146100 0 1210095 37613570 39177455 42878744 40332863 13128814 173131446 384062 338153 442703 400 339619 1504937 533219 851270 825000 602372 1001275 3813136 917281 1189423 1267703 602772 1340894 5318073 167813373 1307603 1499092 1611662 2159093 1084871 7662321 63123 67158 94035 133049 150327 507692 1370726 1566250 1705697 2292142 1235198 8170013 127065 154829 858221 960064 236865 2337044 39111361 40898534 45442662 43585069 14600877 183638503 0.91380 0.92710 0.04450 0.03930 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: VENDOR COMMISSIONS - 2016 AMOUNT: $ 92,971. 2017 AMOUNT: $ 98,637. 2018 AMOUNT: $ 86,146. 2019 AMOUNT: $ 138,561. DEFERRED COMP ADJUSTMENTS - 2016 AMOUNT: $ 34,094. 2017 AMOUNT: $ 36,192. 2018 AMOUNT: $ 39,406. 2019 AMOUNT: $ 39,166. 2020 AMOUNT: $ 213,594. ADMINISTRATIVE FEES - 2017 AMOUNT: $ 20,000. OTHER EVENTS AND ACTIVITIES - 2018 AMOUNT: $ 732,669. 2019 AMOUNT: $ 782,337. 2020 AMOUNT: $ 23,271. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 191282 191282 27157248 27348530 1000000 250000 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 262840 244562 250041 191282 948725 250000 250000 250000 250000 1000000 1500000 1954241 X X X SCHOOL AGE EDUCATION PROGRAMS 0 31088638 1754205 6615231 1193240 38264834 31104557 489360 1047970 1553249 31088638 31427463 1506498 900835 2730239 31104557 27720883 3432710 2793861 2519991 31427463 20977154 2892084 2572163 1229715 25211686 0.35042 0.53847 0.11111 1 1 1 4017592 4017592 7952649 4103569 3849080 22202369 9300327 12902042 17073541 12399995 4673546 11873557 7573150 4300407 29742667 MUSEUM DISPLAY AIRCRAFT 1954241 CONSTRUCTION IN PROGRESS 932636 2886877 X 18097457 -1142973 50065 -29000 -1121908 19219365 40245 -397677 -357432 18861933 27727027 50065 397677 447742 27279285 40245 29000 69245 27348530 PART III, LINE 4: COLLECTIONS OF ART AND HISTORICAL TREASURES EXEMPT PURPOSE THE EAA AVIATION FOUNDATION, INC., ALONG WITH THE EAA AVIATION MUSEUM, MAINTAINS A COLLECTION OF HISTORIC AIRCRAFT, ARTIFACTS, AND ARCHIVAL MATERIALS RELATED TO THE HISTORY OF AVIATION WITH AN EMPHASIS ON RECREATIONAL AVIATION. THE COLLECTION INCLUDES APPROXIMATELY 230 AIRCRAFT, APPROXIMATELY 17,000 ARTIFACTS, 20,000 BOOKS AND PERIODICALS, 750,000 PHOTOGRAPHS AND 8,500 HOURS OF FILM AND VIDEO. THE FOUNDATION LOANS THE COLLECTION TO EAA AND EAA MAKES THESE COLLECTIONS AVAILABLE TO THE GENERAL PUBLIC THROUGH ON-SITE EXHIBITS IN THE PUBLIC MUSEUM, EDUCATIONAL PROGRAMMING, A RESEARCH LIBRARY, AND WEB-BASED CONTENT THAT ATTRACTS MILLIONS OF VISITS EACH YEAR. THROUGH ITS COLLECTIONS, EAA EXPLORES AND CELEBRATES AVIATION'S PAST AND THE SPIRIT OF AVIATION TO ENCOURAGE LEARNING, DISCOVERY, AND ENGAGEMENT WITH AVIATION. PART V, LINE 4: INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS THE FILING ORGANIZATION IS A BENEFICIARY OF THE EAA FOUNDATION'S ENDOWMENT. THE INTENDED USES OF EAA FOUNDATION'S ENDOWMENT FUNDS ARE TO PROVIDE SUPPORT TO EAA FOR GENERAL OPERATIONS, SCHOLARSHIPS, INTERNSHIPS, YOUNG EAGLES PROGRAM, OTHER YOUTH EDUCATION PROGRAMS, FLIGHT SAFETY PROGRAMS, SUPPORT OF WOMEN IN AVIATION, AND AVIATION MUSEUM COLLECTIONS. THE FOUNDATION HAS ADOPTED PRUDENT INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT FUNDS, WHICH ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT EAA PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF ENDOWMENT FUNDS. THE FOUNDATION HAS A SPENDING POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR A PERCENTAGE OF ITS ENDOWMENT FUNDS AVERAGE FAIR VALUE OVER THE PRIOR THREE CALENDAR YEAR-ENDS PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. THE FOUNDATION HAS ADOPTED A PRUDENT SPENDING POLICY PERCENTAGE OF 4% FOR 2021 AND 2020. PART X, LINE 2: ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740-10 THE ASSOCIATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS"), DATED NOVEMBER 3, 1993, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS, DATED OCTOBER 30, 1964, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. THE ASSOCIATION AND FOUNDATION PAY UNRELATED BUSINESS INCOME TAX ON CERTAIN OF ITS ACTIVITIES, WHICH ARE DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE, THE ASSOCIATION AND THE FOUNDATION RECOGNIZE THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE ASSOCIATION AND THE FOUNDATION APPLIED THE UNCERTAIN TAX POSITION GUIDANCE TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF FEBRUARY 28, 2021 AND FEBRUARY 29, 2020. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAX THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED FEBRUARY 28, 2021 AND FEBRUARY 29, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY ADJUSTMENT -29,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -438,623. RENTAL PROPERTY EXPENSES -5,274. INTERCOMPANY ADJUSTMENT 46,220. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 438,623. RENTAL PROPERTY EXPENSES 5,274. INTERCOMPANY ADJUSTMENT -46,220. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ADJUSTMENT 29,000. 1 FLYING 12 CLUB LLC 912 LA MESA DRIVE PORTOLA VALLEY CA 94028 824549305 10000 FLYING CLUB GRANT EAA AVIATION FOUNDATION INC 3000 POBEREZNY RD OSHKOSH WI 54901 391033301 501(C)(3) 110220 GENERAL SUPPORT 1 1 EDUCATION SCHOLARSHIPS 23 150250 FLIGHT TRAINING ASSISTANCE 178 993359 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. EDUCATION SCHOLARSHIPS ARE AWARDED BASED ON TIES TO THE ORGANIZATION LIKE MEMBERSHIP AND INVOLVEMENT WITH A CHAPTER, AND DONOR SPECIFIED CRITERIA INCLUDING BUT NOT LIMITED TO GEOGRAPHIC LOCATION, GENDER, FINANCIAL NEED OR SPECIFIC EDUCATION FOCUS AREA. FLIGHT TRAINING ASSISTANCE IS AWARDED BASED ON TIES TO THE ORGANIZATION LIKE MEMBERSHIP AND INVOLVEMENT WITH A CHAPTER, AND DONOR SPECIFIED CRITERIA INCLUDING BUT NOT LIMITED TO GEOGRAPHIC LOCATION, GENDER, FINANCIAL NEED OR SPECIFIC RATING/CERTIFICATE DESIRED. ALL GRANTS AND OTHER ASSISTANCE ARE AWARDED THROUGH AN INDEPENDENT SELECTION COMMITTEE. THE DONORS ARE TYPICALLY NOT INVOLVED IN THE INITIAL SELECTION PROCESS OF POTENTIAL CANDIDATES. IN SOME CASES WHERE A DONOR ASKED TO BE INVOLVED THEY ARE SENT THE TOP 3-5 CANDIDATES FOR INPUT. THE INDEPENDENT SELECTION COMMITTEE AWARDS GRANTS OR OTHER ASSISTANCE KEEPING THE DONOR'S INPUT IN MIND. GRANTS PAID TO OTHER ORGANIZATIONS ARE AWARDED BY A CROSS-FUNCTIONAL GROUP OF EMPLOYEES WHO DETERMINE WHETHER THE RECEIVING ORGANIZATION'S ACTIVITIES ARE IN ALIGNMENT WITH THE MISSION OF EAA. X 0 0 X X X X X 0 0 0 1 0 1 0 0 0 JACK PELTON CEO/CHAIRMAN OF THE BOARD 319555 172068 0 0 569 307 36389 19594 15408 8296 371921 200265 0 0 BRIAN WIERZBINSKI EXECUTIVE VP/CFO 194004 64668 49773 16591 0 0 26273 8757 20491 6830 290541 96846 0 0 RICK LARSEN VP - COMMUNITIES & MEMB PROGRAM 200540 4093 40766 832 0 0 23982 489 22787 465 288075 5879 0 0 SEAN ELLIOTT VP - ADVOCACY & SAFETY 183307 0 37464 0 1448 0 21287 0 27009 0 270515 0 0 0 JAMES BUSHA VP - MEMB, MARKETING, PUBLICATIONS 205071 0 0 0 1153 0 17554 0 23755 0 247533 0 0 0 KAREN KRYZANIAK VP - RISK MANAGEMENT & HR 177849 0 35934 0 0 0 20108 0 12474 0 246365 0 0 0 DOUGLAS MACNAIR VP - GOVERNMENT RELATIONS 181944 0 0 0 0 0 16317 0 10954 0 209215 0 0 0 THOMAS MOULE DIRECTOR, IT 163606 0 0 0 0 0 14078 0 19401 0 197085 0 0 0 DAVID GOELZER ATTORNEY - THRU 7/20 140011 0 0 0 14119 0 12896 0 14380 0 181406 0 0 0 TONY WIHLM DIRECTOR, FINANCE 114103 20136 2550 450 0 0 9674 1707 26510 4678 152837 26971 0 0 KEN STRMISKA VP, DONOR STEWARDSHIP - THRU 7/20 0 116324 0 40739 0 0 0 0 0 7324 0 164387 0 0 PART I, LINE 1A SOCIAL CLUB DUES THE ORGANIZATION PROVIDES AN EAA EMPLOYEES FLYING CLUB MEMBERSHIP FOR THE FOLLOWING EMPLOYEES: JACK PELTON, SEAN ELLIOTT, JAMES BUSHA, DENNIS DUNBAR & DAVID GOELZER. 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. A TOWN OF NEKIMI 396083771 2008-07-11 10000000 AIRVENTURE GROUNDS CAP. IMP 0 0 0 A 4200000 8800000 52000 8748000 2028 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 ASSOCIATED BANK CORP 5.000000000000 0 1 0 0 0 A 0 X 1 94975 FMV X OTHER PRG SUPPLIES 2 24914 FMV X SPORT AIR SUPPLIES 3 15149 FMV X AIRCRAFT PARTS & COMPONEN 4 4374 FMV 0 1 0 FORM 990, LINE C ORGANIZATION NAME THE ORGANIZATION'S LEGAL NAME IS "EXPERIMENTAL AIRCRAFT ASSOCIATION, INC." BUT IS ALSO REFERRED TO SIMPLY AS "EAA". FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: EDUCATIONAL OFFERINGS & ACTIVITIES WHICH GUIDE NEW PARTICIPANTS & REDUCE BARRIERS TO PARTICIPATION. FORM 990, PART III, LINE 3 EAA EXPERIENCED A REDUCTION IN OPERATIONS OVER THE COURSE OF THE 2021 FISCAL YEAR DUE TO THE NOVEL CORONAVIRUS PANDEMIC PUBLIC EMERGENCY. AS A RESULT OF THE PANDEMIC, THE EAA CANCELED ALL EVENTS, INCLUDING AIRVENTURE 2020, AIR TOURS, EDUCATION AND MUSEUM PROGRAMMING. PROGRAM PARTICIPATION BY EAA'S CHAPTER NETWORK WAS SIGNIFICANTLY IMPACTED AS WELL. THESE CHANGES IN OPERATIONS, EVENTS, AND PARTICIPATION ARE ANTICIPATED TO ONLY AFFECT THE 2021 FISCAL YEAR. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES ON FORM W-3 THE NUMBER OF EMPLOYEES ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE EAA IS THE COMMON PAYMASTER FOR EAA FOUNDATION, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR EAA. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS AND THEIR RIGHTS EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS NEARLY 225,000 MEMBERS. ALL MEMBERS 18 YEARS OF AGE AND OLDER ARE ALLOWED TO VOTE ON LIMITED BUSINESS DECISIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A CLASSES OF PERSONS WITH CERTAIN BOARD-ELECTION RIGHTS MEMBERS OF EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. CAN VOTE DIRECTLY FOR BOARD OF DIRECTORS CANDIDATES. FORM 990, PART VI, SECTION A, LINE 7B CLASSES OF PERSONS WITH CERTAIN APPROVAL RIGHTS DECISIONS TO MERGE OR CONSOLIDATE WITH OTHER CORPORATIONS OR BUSINESSES AND DECICIONS TO SELL, LEASE, EXCHANGE OR OTHERWISE DISPOSE OF ALL, OR SUBSTANTIALLY ALL, OF THE PROPERTY AND ASSETS OF THE ORGANIZATION WOULD REQUIRE A VOTE OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 10B: LOCAL CHAPTER, AFFILIATE, OR BRANCH ACTIVITIES POLICIES EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS DESIGNATED "CHAPTERS" BUT SUCH CHAPTERS DO NO MEET THE DEFINITION OF "CHAPTERS" WITHIN THE MEANING PROVIDED BY FORM 990 INSTRUCTIONS. EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. DOES NOT HAVE LEGAL AUTHORITY TO EXERCISE SUPERVISION AND CONTROL OVER THE AFFAIRS OF THE AFFILIATED CHAPTERS. ACCORDINGLY, THE ORGANIZATION HAS ANSWERED FORM 990, PART VI, LINE 10A "NO". FORM 990, PART VI, SECTION B, LINE 11B PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM AND REVIEWED BY ORGANIZATION MANAGEMENT. THE AUDIT COMMITTEE OF THE BOARD REVIEWED A DRAFT COPY OF THE RETURN WITH MANAGEMENT AND THE INDEPENDENT TAX RETURN PREPARERS. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 WAS UPDATED TO INCORPORATE ANY NECESSARY CHANGES AND A COPY OF THE RETURN WAS PROVIDED ELECTRONICALLY TO THE CFO TO DISTRIBUTE TO THE ENTIRE BOARD OF DIRECTORS WITH A REQUEST FOR FEEDBACK. SUBSEQUENT TO RECEIPT OF FEEDBACK, NECESSARY CHANGES WERE MADE TO THE DRAFT FORM 990. THE FINALIZED VERSION OF FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND THEN FILED WITH THE IRS ON OR BEFORE THE JANUARY 18, 2022 EXTENDED FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S PRACTICES FOR MONITORING CONFLICTS OF INTEREST ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IN-HOUSE LEGAL COUNSEL REVIEWS ALL FORMS. ANY DISCLOSURES NOTED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT THE HR & GOVERNANCE COMMITTEE MAKES DECISIONS ABOUT THE CEO/CHAIRMAN OF THE BOARD'S TOTAL COMPENSATION IN CLOSED SESSION WITHOUT THE PRESENCE OF THE CEO/CHAIRMAN OF THE BOARD. THIS IS DONE ON AN ANNUAL BASIS AND WAS LAST DONE IN FEBRUARY 2020. AN OUTSIDE ANALYSIS IS DONE EVALUATING COMPARABLE ORGANIZATIONS AS WELL AS A MARKET ANALYSIS OF LIKE POSITIONS. THIS PROCEDURE WAS PERFORMED IN THE THIRD QUARTER OF FY2016. FORM 990, PART VI, LINE 15B PROCESS FOR DETERMINING COMPENSATION OF OFFICERS & KEY EMPLOYEES AN OUTSIDE MARKET ANALYSIS IS DONE FOR THE SENIOR LEADERSHIP TEAM AND PRESENTED TO THE HR & GOVERNANCE COMMITTEE. THE COMMITTEE, IN PARTNERSHIP WITH THE CHAIRMAN OF THE BOARD, DETERMINES THE TOTAL COMPENSATION FOR THE SENIOR TEAM. THIS PROCUEDURE WAS PERFORMED IN THE FIRST QUARTER OF FY2016. CHANGES TO THE OVERALL COMPENSATION OF THE SENIOR TEAM HAS BEEN MINIMAL SINCE THE LAST REVIEW. AN INTERNAL COMPARABLE MARKET ANALYSIS IS DONE FOR ALL OTHER POSITIONS AND IS TYPICALLY DONE EVERY COUPLE OF YEARS UNLESS MARKET CONDITIONS SHIFT. THIS PROCEDURE WAS LAST PERFORMED IN THE FIRST QUARTER OF FY2016. FORM 990, PART VI, LINE 17 STATES WITH WHICH A COPY OF FORM 990 MUST BE FILED THE ORGANIZATION FILES IN THE LISTED STATES FOR CHARITABLE REGISTRATION PURPOSES. FORM 990, PART VI, SECTION C, LINE 18 ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC THE 2021 FISCAL YEAR FORM 990 WILL BE POSTED TO THE ORGANIZATION'S WEBSITE, WWW.EAA.ORG, UPON THE FILING OF THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC THE ANNUAL AUDITED FINANCIAL STATEMENT IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, WWW.EAA.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST, EITHER IN HARD COPY OR ELECTRONIC FORM, WHICHEVER IS REQUESTED. FORM 990, PART VIII, LINE 1F: ALL OTHER CONTRIBUTIONS, GIFTS, AND GRANTS IN 2020, AN ADJUSTMENT WAS MADE TO THE ACCOUNTING METHOD FOR REVENUE REPORTING OF CONTRIBUTIONS AND SPONSORSHIPS. THIS CHANGE WAS MADE IN RESPONSE TO REVENUE RECOGNITION WITHIN THE GAAP AUDITED FINANCIAL STATEMENTS. THE CHANGE RESULTED IN NEGATIVE CONTRIBUTIONS, GIFTS, GRANTS AND SIMILAR AMOUNTS BEING REPORTED ON FORM 990, PART VIII, LINE 1F. 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