2011-01-13T17:02:59-05:00 2010-02-28 Grant Thornton LLP PO Box 8100 Madison WI 537088100 990 2009-03-01 390917537 Experimental Aircraft Association Inc EXPE 9204264800 PO BOX 3086 Oshkosh WI 549033086 BRIAN WIERZBINSKI 9204264833 2011-01-12 true Ann Petrie 6082576761 X 2009 2016-02-24 21:20:13Z TOM POBEREZNY PRESIDENT 3000 POBEREZNY ROAD OSHKOSH WI 54902 39539852 false X WWW.EAA.ORG X 1955 WI EAA IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES. PROGRAMS WORK TO PROMOTE AND ENCOURAGE AVIATION SAFETY, RESEARCH AND DEVELOPMENT, AND AVIATION ADVANCEMENT. 33 31 833 6000 2063557 17881024 16782108 16198059 17122002 76276 -192355 2100509 2245543 36255868 35957298 110234 66900 0 0 12011344 12688090 0 0 1435648 21722944 22675517 33844522 35430507 2411346 526791 29273747 33420901 13556574 16600168 15717173 16820733 EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES. TO THE EXTENT CONSISTENT WITH THESE PURPOSES, THROUGH THE CONDUCT OF ITS ACTIVITIES, THE ORGANIZATION COOPERATES WITH AND ASSISTS GOVERNMENTAL AGENCIES IN THE DEVELOPMENT OF PROGRAMS RELATING TO AVIATION ACTIVITIES; PROMOTES AND ENCOURAGES AVIATION SAFETY IN THE DESIGN, CONSTRUCTION, AND OPERATION OF ALL TYPES OF AIRCRAFT; PROMOTES AND ENCOURAGES GRASS ROOTS EFFORTS RELATING TO AVIATION RESEARCH AND DEVELOPMENT; AND PROMOTES AND ENCOURAGES AVIATION. false false 8056611 11727371 AIRVENTURE - THE WORLD'S LARGEST AVIATION EVENT IS HELD EACH YEAR IN LATE JULY. AIRVENTURE EDUCATES THOSE ATTENDING ON AVIATION AND AIRCRAFT THROUGH EXHIBITS, DEMONSTRATION AIRSHOWS, EDUCATIONAL SESSIONS, AND INTERACTIVE DISPLAYS. DONATED SERVICES OF $290,000 ARE NOT INCLUDED IN PROGRAM SERVICE EXPENSE. 5134463 375052 MEMBERSHIP SERVICES - COSTS ASSOCIATED WITH PROVIDING KNOWLEDGE AND INFORMATION TO ASSIST WITH TECHNICAL QUESTIONS ON AVIATION MATTERS AND PROMOTING MEMBERSHIP IN THE ORGANIZATION. 3254236 2101190 PUBLICATIONS - "SPORT AVIATION" AND "SPORT PILOT" ARE MONTHLY PUBLICATIONS ISSUED TO MEMBERS WITH A VARIETY OF INFORMATION ON AVIATION. "AIRVENTURE TODAY" IS A PROGRAM AND INFORMATION GUIDE PRINTED EVERY DAY DURING AIRVENTURE. 66900 CHARITABLE DONATIONS, SCHOLARSHIPS 10473199 2918389 VARIOUS PROGRAM SERVICE ACTIVITIES 10473199 66900 2918389 26918509 true true false true false false true false false true false true false false false false false false true true false true true true true false false false false false false false false true true true false false false false false false false false true 206 7 true 833 true true true false false false false true true false false false true true 33 31 true false false false true true true true true false false true true true true true true true true false WI X BRIAN WIERZBINSKI 9204264812 3000 POBEREZNY RD OSHKOSH WI 54901 VICTOR G ABBEY 10.0 X 0 0 0 RICHARD BEATTIE 10.0 X 0 0 0 RICHARD W BEEBE II 10.0 X 0 0 0 BARRY DAVIS 10.0 X 0 0 0 NORM DEWITT 10.0 X 0 0 0 EILEEN DRAKE 10.0 X 0 0 0 SUSAN DUSENBURY 10.0 X 0 0 0 RICAHRD W HANSEN 10.0 X 0 0 0 JACK HARRINGTON 10.0 X 0 0 0 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LARSEN 40.0 X 184230 0 45539 ELISSA LINES 40.0 X 176706 0 42434 EARL LAWRENCE 40.0 X 148819 0 34932 KAREN GARDINEIR 40.0 X 112716 0 14624 JOHN CARRIER 40.0 X 115253 0 0 DAVID BERKLEY 40.0 X 101939 0 23959 1812991 0 355461 10 false true false Tek Systems PO Box 198568 ATLANTA GA 303848568 COMPUTER CONSULTING 328167 Specialized Publication Co LLC 5215 NW Crooked Road PARKVILLE MO 641523447 Advertising 316526 The C2 Group 2905 Wilson Ave SW 21-4B GRANDVILLE MI 49418 WEB DESIGN 288316 Faith Technologies Inc PO Box 260 MENASHA WI 549520260 Utility Services 258326 The Mail Haus Inc 1745 Suburban drive DEPERE WI 54115 Process mailings 221188 12 5663864 2412472 8705772 964845 16782108 FLY-IN: REGISTRATION 900099 6160547 6160547 FLY-IN: RENTALS 532000 4053312 4053312 PUBLICATION/ADVERTISING 541800 2101190 91307 2009883 AIRCRAFT ADMISSION 900099 1478938 1478938 MUSEUM ADMISSIONS 900099 673906 673906 2654109 2141369 512740 17122002 50890 50890 0 114942 114942 74786 127182 74786 127182 201968 127182 74786 178224 972 168672 253769 9552 -252797 -243245 -243245 97487 2163345 777084 -679597 -679597 583177 431589 151588 151588 2328942 1951440 377502 377502 ADMINISTRATIVE FEES 561000 1417896 1417896 INSURANCE COMMISSIONS 900099 395547 395547 UNRELATED INVENTORY SALES 453220 53674 53674 212023 198433 13590 2079140 35957298 11987483 2063557 5124150 17900 17900 49000 49000 0 0 1637143 1164606 472537 0 8712395 6334587 1894272 483536 473814 193697 257354 22763 1082257 451286 581448 49523 782481 559129 187741 35611 0 68010 10882 57128 164778 37960 124999 1819 240000 240000 0 0 2563760 2270728 173179 119853 916985 824841 8999 83145 4219812 3795597 302763 121452 241852 40000 201718 134 0 2102125 1249060 852862 203 984871 869866 79833 35172 0 195749 126220 52697 16832 89161 14661 74490 10 0 1352052 1169660 182122 270 1421907 738243 683664 RESTRICTED FUNDS EXPENDITURE 3864944 3864944 PUBLIC RELATIONS 527479 456373 40512 30594 REPAIRS AND MAINTENANCE 599627 598508 1022 97 CREDIT CARD DISCOUNTS 489590 156473 333117 MEMBERSHIP CARDS 5254 3685 1569 2627561 1920603 272324 434634 35430507 26918509 7076350 1435648 200953 642280 2096211 1651633 401880 448837 1500285 1350627 417260 318714 810825 775631 43125089 21502603 13614263 21622486 1397588 1935783 8834482 4674910 29273747 33420901 3361644 2773422 6897441 6048017 1973141 4552996 0 148290 0 1680000 1324348 1397443 13556574 16600168 X 13790392 15101654 1926781 1719079 15717173 16820733 29273747 33420901 X false true true X false X 9045821 10702845 9913027 17881024 16782108 64324825 17967661 18024660 19451453 17906371 19585237 92935382 27013482 28727505 29364480 35787395 36367345 157260207 268935 204082 270775 195330 149122 1088244 730060 690993 732508 679805 635619 3468985 998995 895075 1003283 875135 784741 4557229 152702978 464943 533429 613486 618762 524433 2755053 464943 533429 613486 618762 524433 2755053 218003 118736 142825 453199 405321 1338084 27696428 29379670 30120791 36859356 37297099 161353344 0.94639 0.94431 0.01708 0.01790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 240000 240000 35190507 35430507 1000000 250000 false 1000000 1000000 1000000 3000000 4500000 240000 240000 240000 720000 250000 0 0 250000 375000 0 0 0 0 0 2825552 X X X school age educational programs false 2960055 2960055 5152432 2027959 3124473 14240307 3979825 10260482 13897765 10010997 3886768 6874530 5483822 1390708 21622486 PROJECTS IN PROCESS 1319601 LIFE INSURANCE 111548 DEFERRED COMPENSATION 418209 MUSEUM DISPLAY AIRCRAFT 2825552 4674910 0 DEFERRED COMPENSATION 1127718 REVENUE BOND INTEREST SWAP 269725 1397443 35957298 35430507 526791 484384 92385 576769 1103560 39490864 484384 290000 3292989 4067373 35423491 533807 533807 35957298 38387304 290000 3200604 3490604 34896700 533807 533807 35430507 REVENUES ON LINE 1 NOT FORM 990, PART VIII, LINE 12 SCHEDULE D, PART XII, LINE 2D ENDOWMENT RELEASED FROM RESTRICTION: $ 89,973 SPECIAL EVENTS EXPENSE REPORTED ON LINES 8B AND 9B: $1,208,673 COST OF GOOD SOLD REPORTED ON LINE 10B: $1,951,440 CHANGE IN CSV $ 49,632 UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT: $ ( 47,220) unrelated inventory sales: cost of sales: $ 40,491 TOTAL: $3,292,989 REVENUES IN FORM 990, PART VIII, LINE 12, NOT LINE 1 SCHEDULE D, PART XII, LINE 4B DONATED FUNDRAISING & GAMING PRIZES GROSS-UP: $ 481,833 MARKETING SERVICE CHARGEBACK: $ 41,574 Other: $ 10,400 TOTAL: $ 533,807 EXPENSES ON LINE 1 NOT FORM 990, PART IX, LINE 25 SCHEDULE D, PART XIII, LINE 2D SPECIAL EVENTS EXPENSE REPORTED ON LINES 8B AND 9B: $1,208,673 COST OF GOOD SOLD REPORTED ON LINE 10B: $1,951,440 unrelated inventory sales: cost of sales: $ 40,491 TOTAL: $3,200,604 EXPENSES INCLUDED ON FORM 990, PART IX, LINE 25, BUT NOT ON LINE 1 SCHEDULE D, PART XIII, LINE 4B DONATED FUNDRAISING & GAMING PRIZES GROSS-UP: $ 481,833 MARKETING SERVICE CHARGEBACK: $ 41,574 Other: $ 10,400 TOTAL: $ 533,807 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740-10 SCHEDULE D, PART X IN JULY 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. THE ASSOCIATION AND THE FOUNDATION ADOPTED THE PROVISIONS OF ASC 740 ON MARCH 1, 2009. PREVIOUSLY, THE ASSOCIATION AND FOUNDATION HAD ACCOUNTED FOR TAX CONTINGENCIES IN ACCORDANCE WITH ASC 450, CONTINGENCIES. AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE IN ASC 740, 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 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT THE ADOPTION DATE, THE ASSOCIATION AND THE FOUNDATION APPLIED THE UNCERTAIN TAX POSITION GUIDANCE IN ASC 740 TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF THAT DATE. AS OF FEBRUARY 28, 2010, THE STATUTE OF LIMITATIONS IS NO LONGER OPEN FOR YEARS BEFORE 2007 FOR FEDERAL INCOME TAX PURPOSES. FOR STATE INCOME TAX PURPOSES, THE STATUTE OF LIMITATIONS IS NO LONGER OPEN FOR YEARS BEFORE 2005. AS OF FEBRUARY 28, 2010, THE FOUNDATION BELIEVES THE GUIDANCE TO HAVE NO EFFECT ON ITS CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, THE GUIDANCE PROVIDES FOR THE RECOGNITION OF INTEREST AND PENALTIES RELATED TO INCOME TAXES. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAX THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEAR ENDED FEBRUARY 28, 2010. OTHER ADJUSTMENTS TO NET ASSETS FROM FORM 990 TO FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 8 UNREALIZED LOSS ON INTEREST RATE SWAP: $( 47,220) CHANGE IN CSV: $ 49,634 Endowment Assets released: $ 89,973 Rounding: $ (2) TOTAL: $ 92,385 collections of art and historical treasures exempt purpose schedule d, part iii, line 4 THE EAA MAINTAINS A COLLECTION OF HISTORIC ARTIFACTS AND ARCHIVAL MATERIALS RELATED TO THE HISTORY OF RECREATIONAL AVIATION - NUMBERING APPROX 200 AIRPLANES, 400 ENGINES, 20,000 OTHER ARTIFACTS, 20,000 BOOKS AND PERIODICALS, 1.2 MILLION PHOTOGRAPHS AND 6,000 HOURS OF FILM AND VIDEO. THESE COLLECTIONS ARE USED FOR EDUCATIONAL PURPOSES, THROUGH THE EXHIBITS AND PROGRAMS OF A WORLD-RENOWNED AIRVENTURE MUSEUM OPEN TO THE GENERAL PUBLIC, THROUGH A PUBLIC RESEARCH LIBRARY, AND THROUGH A SERIES OF WEBSITES THAT ATTRACT IN EXCESS OF 10 MILLION VISITS PER YEAR. AUCTION 2163345 2163345 238493 290445 181656 SOCIAL FUNDR. 65362 65362 2102 26059 2 32125 32125 38329 2260832 2163345 97487 238493 292547 246044 777084 -679597 583177 253839 892 176858 true 0.75000 583177 253839 892 176858 431589 151588 WI true false true false 0.95000 0.05000 Julie Watson 3000 Poberezny Road Oshkosh WI 54903 false Julie Watson 100000 Contributions Controller and Volunteer Coordinator X false true Kiddie Hawk Air Academy 333 W Hampden Ave Suite 703 Englewood CO 80110 841482078 501(c)(3) 5400 Scholarship 1 0 Educational Scholarship 11 49000 ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 STUDENT SCHOLARSHIPS ARE AWARDED BASED ON DONOR PARAMETERS. THESE PARAMETERS COULD INCLUDE GEOGRAPHIC LOCATION, GENDER, FINANCIAL NEED OR A DIVERSITY REQUEST. THE DONOR IS NOT INVOLVED IN THE SELECTION PROCESS, AS THE SCHOLARSHIPS ARE AWARDED THROUGH AN INDEPENDENT EAA-BASED SELECTION COMMITTEE. X true true X X false true false true false true false false false THOMAS P POBEREZNY 353373 0 95537 0 0 0 52476 0 32116 0 533502 0 0 BRIAN WIERZBINSKI 199812 0 36615 0 0 0 23718 0 25048 0 285193 0 0 RICK LARSEN 161180 0 23050 0 0 0 18203 0 27336 0 229769 0 0 ADAM SMITH 157711 0 24654 0 0 0 17896 0 18176 0 218437 0 0 ELISSA LINES 150954 0 25752 0 0 0 17395 0 25039 0 219140 0 0 EARL LAWRENCE 128935 0 19884 0 0 0 13431 0 21501 0 183751 0 0 PARTICIPATION IN PAYMENT FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A THAT PARTICIPATED IN, OR RECEIVED PAYMENT FROM, A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN INCLUDE: NAME: AMOUNT: THOMAS P POBEREZY $ 28,758 COMPENSATION CONTINGENT ON REVENUES OF THE ORGANIZATION SCHEDULE J, PART I, LINE 5A ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE PRESIDENT AND KEY EMPLOYEES IS GROSS OPERATING REVENUE. COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION SCHEDULE J, PART I, LINE 6A ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE PRESIDENT AND KEY EMPLOYEES IS NET OPERATING INCOME. INFORMATION CONCERNING CERTAIN FRINGE BENEFITS SCHEDULE J, PART I, LINE 1A THE ORGANIZATION PROVIDES REIMBURSEMENT FOR TRAVEL FOR COMPANIONS OF PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A. ALL SUCH REIMBURSEMENT IS PURSUANT TO A WRITTEN POLICY AND REQUIRES SUBSTANTIATION OF EXPENDITURES AND THEIR BUSINESS PURPOSE PRIOR TO REIMBURSEMENT. DURING THE 2009 TAX YEAR, THESE REIMBURSEMENTS WERE FOR THE SPOUSE OF THE EAA PRESIDENT AND THE SPOUSE OF THE EAA FOUNDER. TOWN OF NEKIMI 396083771 2009-07-01 10000000 AIRVENTURE GROUNDS CAPITAL IMPROVE false false 10000000 5447004 4552996 false false false true false false false false true 0.00000 0.00000 0.00000 true false true true ASSOCIATED BANC CORP 5. false false false LESLIE POBEREZNY Presidents daughter 28650 Compensation false DAVID PASAHOW OWNER: Blue Line Advisors 116354 fee: presidential search false X 1 1925 FAIR VALUE X 2 48300 EXPERT OPINION X 4 148089 FAIR VALUE X DONATIONS OF ITEMS USED AT A CHARITABLE AUCTION 133 238493 FAIR VALUE X DONATIONS OF ITEMS USED IN A SWEEPSTAKES 6 243340 FAIR VALUE 3 false true false FAMILY OR BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 FAMILY RELATIONSHIP: PAUL H. POBEREZNY, CHAIRMAN OF THE ORGANIZATION, AND THOMAS P. POBEREZNY, PRESIDENT OF THE ORGANIZATION. FAMILY RELATIONSHIP: RICK SIEGFRIED AND RAND SIEGFRIED, BOTH ON THE ORGANIZATION'S BOARD OF DIRECTORS. CLASSES OF MEMBERS AND THEIR RIGHTS FORM 990, PART VI, LINE 6 EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS APPROXIMATELY 158,000 MEMBERS. ALL MEMBERS 18 YEARS OF AGE AND OLDER ARE ALLOWED TO VOTE ON LIMITED BUSINESS DECISIONS OF THE ORGANIZATION. Classes of Persons with Certain Board-Election Rights FORM 990, PART VI, LINE 7A MEMBERS OF EXPERMINTAL AIRCRAFT ASSOCIATION, INC. CAN VOTE DIRECTLY FOR BOARD OF DIRECTORS CANDIDATES. THE MAJORITY OF THE MEMBERSHIP CHOOSES TO GIVE A PROXY FOR THEIR VOTE TO OTHER PERSONS. Classes of Persons with Certain Approval Rights FORM 990, PART VI, LINE 7B DECISIONS TO MERGE OR CONSOLIDATE WITH OTHER CORPORATIONS OR BUSINESSES AND DECISIONS 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. STATEMENT CONCERNING Local Chapter, Affiliate, or Branch Activities FORM 990, PART VI, LINE 10B EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS DESIGNATED "CHAPTERS" BUT SUCH CHAPTERS DO NOT 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". Process the Organization Uses to Review Form 990 FORM 990, PART VI, LINE 11 THE AUDIT COMMITTEE OF THE BOARD HELD A TELECONFERENCE ON December 15, 2010 TO REVIEW 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 CONTROLLER ON December 23, 2010 TO DISTRIBUTE TO THE ENTIRE BOARD OF DIRECTORS WITH A REQUEST FOR FEEDBACK BY January 7, 2011. 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 17, 2011 EXTENDED FILING DEADLINE. Organization's Practices for Monitoring Conflicts of Interest FORM 990, PART VI, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IN-HOUSE LEGAL COUNSEL FOLLOWS UP WITH ANYONE WHO DOES NOT SIGN. IN-HOUSE LEGAL COUNSEL REVIEWS ALL FORMS. ANY DISCLOSURES NOTED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE TO DETERMINE IF THE SUBJECT MATTER OF DISCLOSURE IS DEEMED TO BE A CONFLICT OF INTEREST. PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT FORM 990, PART VI, LINE 15A-B COMPARABILITY DATA IS PRESENTED TO THE HUMAN RESOURCES COMMITTEE OF THE BOARD FOR THE PRESIDENT/CEO POSITION AND THE SENIOR TEAM. THE COMMITTEE, TOGETHER WITH THE PRESIDENT/CEO, DETERMINES THE COMPENSATION FOR THE SENIOR TEAM. THE COMMITTEE MAKES DECISIONS ABOUT THE PRESIDENT/CEO'S COMPENSATION IN CLOSED SESSION WITHOUT THE PRESENCE OF THE PRESIDENT/CEO. THIS PROCEDURE WAS LAST PERFORMED OCTOBER, 2009. Organization's Policy Regarding Making Certain Documents Public FORM 990, PART VI, LINE 19 THE ANNUAL AUDITED FINANCIAL STATEMENT IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, WWW.EAA.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST, EITHER IN HARD COPY OR ELECTRONIC FORM, WHICHEVER IS REQUESTED. PROCESSES FOR OVERSIGHT OF AUDIT OF FINANCIAL STATEMENTS FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE PROCESS FOR THE SELECTION OF THE ORGANIZATION'S INDEPENDENT ACCOUNTANT DID NOT CHANGE FOR THE REPORTING YEAR. ORGANIZATION NAME FORM 990, LINE C THE ORGANIZATION'S LEGAL NAME IS "EXPERIMENTAL AIRCRAFT ASSOCIATION,INC." BUT IS ALSO REFERRED TO SIMPLY AS "EAA".