Pittsburgh Institute Of Aeronautics
- Assets
- $30.0m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 130
- Location
- West Mifflin, PA
- Founding
- 02/1946
- Data as of
- 06/2023
- EIN
- 25-0912618
Organization Overview
Pittsburgh Institute Of Aeronautics is located in West Mifflin, PA. The organization was established in 1946. As of 06/2023, Pittsburgh Institute Of Aeronautics employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Institute Of Aeronautics 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 06/2023, Pittsburgh Institute Of Aeronautics generated $13.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $12.0m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AERONAUTICAL MAINTENANCE, AVIONICS, HEAVY EQUIPMENT OPERATOR AND TRUCK DRIVER TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS IN AERONAUTICAL MAINTENANCE AND AVIONICS TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne L Markle President/ceo/director | OfficerTrustee | 50 | $263,041 |
Jana Graham Chairperson/director | OfficerTrustee | 40 | $124,810 |
Richard Kelly Director | Trustee | 2 | $13,000 |
Robert Bootay Director | Trustee | 2 | $13,000 |
Scott Johnson Director | Trustee | 2 | $12,000 |
Joseph Maola PHD Director | Trustee | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,530 |
| Related organizations | $0 |
| Government grants | $176,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,536,489 |
| Noncash contributions included in lines 1a–1f | $1,536,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,725,982 |
| Total Program Service Revenue | $11,220,522 |
| Investment income | $132,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,830 |
| Net Income from Fundraising Events | -$486 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,579,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $591,657 |
| Compensation of current officers, directors, key employees. | $88,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,769,368 |
| Pension plan accruals and contributions | $108,231 |
| Other employee benefits | $559,007 |
| Payroll taxes | $359,933 |
| Fees for services: Management | $147,023 |
| Fees for services: Legal | $65,595 |
| Fees for services: Accounting | $91,666 |
| Fees for services: Lobbying | $14,365 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,943 |
| Advertising and promotion | $924,860 |
| Office expenses | $7,999 |
| Information technology | $392,335 |
| Royalties | $0 |
| Occupancy | $1,340,509 |
| Travel | $125,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $920,912 |
| Insurance | $459,332 |
| All other expenses | $25,192 |
| Total functional expenses | $12,028,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,227,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,500 |
| Accounts receivable, net | $247,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $213,337 |
| Net Land, buildings, and equipment | $10,695,214 |
| Investments—publicly traded securities | $4,781,705 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,784,463 |
| Total assets | $29,962,148 |
| Accounts payable and accrued expenses | $296,024 |
| Grants payable | $0 |
| Deferred revenue | $2,899,402 |
| 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 | $2,366,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,258,449 |
| Total liabilities | $11,820,394 |
| Net assets without donor restrictions | $18,008,353 |
| Net assets with donor restrictions | $133,401 |
| 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 | $29,962,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Institute Of Aeronautics West Mifflin, PA | $29,962,148 | $13,579,845 |
Living Classrooms Foundation Inc Baltimore, MD | $45,318,949 | $11,767,669 |
Business Education In Science And Technology For New Americans Inc Brooklyn, NY | $2,205,004 | $4,679,269 |
Cincinnati State Technical And Community College Foundation Cincinnati, OH | $17,484,127 | $3,575,978 |
Zane State College Foundation Zanesville, OH | $12,637,212 | $866,965 |
Marion Technical College Foundation Inc Marion, OH | $1,718,734 | $308,844 |