International Aerobatic Club Inc
- Assets
- $640.6k
- Revenue
- $280.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Oshkosh, WI
- Founding
- 09/1985
- Data as of
- 02/2021
- EIN
- 23-7067946
Organization Overview
International Aerobatic Club Inc is located in Oshkosh, WI. The organization was established in 1985. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Aerobatic Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2021, International Aerobatic Club Inc generated $280.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $314.2k during the year ending 02/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORE PURPOSE OF THE IAC IS TO PROMOTE AND ENHANCE THE SAFETY AND ENJOYMENT OF SPORT AEROBATICS.
Describe the Organization's Program Activity:
PUBLICATION - SPORT AEROBATICS, A MONTHLY MAGAZINE IS ISSUED TO MEMBERS WITH INFORMATION ON THE ART OF AEROBATIC AVIATION.
MEMBERSHIP SERVICES - COSTS ASSOCIATED WITH THE FOLLOWING:CONTESTS WHERE THOSE INTERESTED CAN COMPETE IN AEROBATIC EVENTS OBSERVED BY THE GENERAL PUBLIC, PROMOTION OF MEMBERSHIP IN THE ORGANIZATION AND DISTRIBUTION OF VARIOUS AWARDS AND TROPHIES.
PUBLICATION - SPORT AEROBATICS, A MONTHLY MAGAZINE IS ISSUED TO MEMBERS WITH INFORMATION ON THE ART OF AEROBATIC AVIATION.
MEMBERSHIP SERVICES - COSTS ASSOCIATED WITH THE FOLLOWING:CONTESTS WHERE THOSE INTERESTED CAN COMPETE IN AEROBATIC EVENTS OBSERVED BY THE GENERAL PUBLIC, PROMOTION OF MEMBERSHIP IN THE ORGANIZATION AND DISTRIBUTION OF VARIOUS AWARDS AND TROPHIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Kurtzahn Executive Director | Officer | 40 | $53,348 |
Jim Bourke President - As Of 8/20 | OfficerTrustee | 10 | $0 |
Robert Armstrong President - Thru 8/20 | OfficerTrustee | 10 | $0 |
Doug Bartlett Vice President | OfficerTrustee | 10 | $0 |
Jordan Ashley Treasurer - As Of 3/20 | OfficerTrustee | 10 | $0 |
Bob Hart Treasurer - Thru 2/20 | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,762 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,215 |
| Noncash contributions included in lines 1a–1f | $1,512 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,977 |
| Total Program Service Revenue | $227,381 |
| Investment income | $3,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,738 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,881 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,695 |
| Compensation of current officers, directors, key employees. | $47,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129 |
| Fees for services: Accounting | $3,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,799 |
| Advertising and promotion | $234 |
| Office expenses | $13,089 |
| Information technology | $2,867 |
| Royalties | $0 |
| Occupancy | $1,083 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,789 |
| Insurance | $16,335 |
| All other expenses | $7,210 |
| Total functional expenses | $314,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $389,422 |
| Pledges and grants receivable | $1,161 |
| Accounts receivable, net | $157,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,190 |
| Prepaid expenses and deferred charges | $18,130 |
| Net Land, buildings, and equipment | $46,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $640,643 |
| Accounts payable and accrued expenses | $809 |
| Grants payable | $0 |
| Deferred revenue | $168,392 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $169,201 |
| Net assets without donor restrictions | $416,716 |
| Net assets with donor restrictions | $54,726 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $640,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Aerobatic Club Inc has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grandmas Marathon Duluth Inc Duluth, MN | $4,529,523 | $3,514,525 |
Usa Clay Target League Eagan, MN | $1,267,194 | $3,236,023 |
Wheatland Township Athletic Association Inc Aurora, IL | $4,158,124 | $2,808,374 |
Active Transportation Alliance Chicago, IL | $1,649,149 | $2,942,303 |
West Michigan Sports Commission Grand Rapids, MI | $8,430,553 | $1,952,933 |
Maine-Niles Association Of Special Recreation Morton Grove, IL | $1,450,552 | $1,810,056 |
Greater Libertyville Soccer Association Inc Libertville, IL | $3,518,795 | $1,495,963 |
Wattles Park Mens Club Inc Ceresco, MI | $839,499 | $1,725,864 |
Chicago City Soccer Club Chicago, IL | $685,341 | $1,785,211 |
Southeast Iowa Regional Riverboat Commission Burlington, IA | $1,006 | $1,423,329 |
Girls On The Run Chicago Inc Chicago, IL | $859,018 | $1,315,368 |
Red Wing Municipal Golf Corporation Red Wing, MN | $103,417 | $1,088,707 |