Eaa Aviation Foundation Inc
- Assets
- $62.8m
- Revenue
- $14.2m
- Investments
- $11.9m
- Employees
- 4
- Location
- Oshkosh, WI
- Founding
- 10/1964
- Data as of
- 02/2021
- EIN
- 39-1033301
Organization Overview
Eaa Aviation Foundation Inc is located in Oshkosh, WI. The organization was established in 1964. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 02/2021, Eaa Aviation Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eaa Aviation Foundation 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, Eaa Aviation Foundation Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $6.5m during the year ending 02/2021. While expenses have increased by 16.3% per year over the past 6 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.
Since 2019, Eaa Aviation Foundation Inc has awarded 12 individual grants totaling $13,382,246. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ADVANCE THE EDUCATIONAL MISSION OF EAA, INC. THROUGH (CONTINUED ON SCHEDULE O) THE SOLICITATION OF CONTRIBUTIONS. TO INVEST FUNDS AND USE THE EARNINGS TO SUPPORT THE MISSION OF EAA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT CONSISTENT WITH EAA FOUNDATION'S PRIMARY EXEMPT PURPOSE TO EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IN SUPPORT OF THE AFFILIATED ORGANIZATION'S GENERAL OPERATIONS, SCHOLARSHIPS, INTERNSHIPS, YOUNG EAGLES PROGRAM, OTHER YOUTH EDUCATION PROGRAMS, FLIGHT SAFETY PROGRAMS, SUPPORT OF WOMEN IN AVIATION, AND AVIATION MUSEUM COLLECTIONS. SMALL DONATIONS WERE ALSO MADE TO AVIATION ENTITIES WITH MISSIONS AND PURPOSES CONSISTENT WITH THOSE OF EAA.
LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC.
MUSEUM COLLECTION ACQUISITION AND PRESERVATION
GRANT CONSISTENT WITH EAA FOUNDATION'S PRIMARY EXEMPT PURPOSE TO EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IN SUPPORT OF THE AFFILIATED ORGANIZATION'S GENERAL OPERATIONS, SCHOLARSHIPS, INTERNSHIPS, YOUNG EAGLES PROGRAM, OTHER YOUTH EDUCATION PROGRAMS, FLIGHT SAFETY PROGRAMS, SUPPORT OF WOMEN IN AVIATION, AND AVIATION MUSEUM COLLECTIONS. SMALL DONATIONS WERE ALSO MADE TO AVIATION ENTITIES WITH MISSIONS AND PURPOSES CONSISTENT WITH THOSE OF EAA.
LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC.
MUSEUM COLLECTION ACQUISITION AND PRESERVATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Pelton President | OfficerTrustee | 17.5 | $172,375 |
Ken Strmiska Asst Sec./vp Donor Stew - Thru 7/20 | Officer | 50 | $157,063 |
Brian Wierzbinski Executive Vp, CFO | Officer | 12.5 | $81,259 |
Tony Wihlm Director, Finance | Officer | 7.5 | $20,586 |
Rick Larsen Asst Secretary - As Of 9/20 | Officer | 1 | $4,925 |
Eric Gurley Vice President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,617 |
| Related organizations | $110,220 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,013,260 |
| Noncash contributions included in lines 1a–1f | $1,216,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,171,097 |
| Total Program Service Revenue | $1,009,703 |
| Investment income | $670,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,972 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,398,899 |
| Net Income from Fundraising Events | -$13,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,243,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,087,765 |
| 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. | $375,126 |
| Compensation of current officers, directors, key employees. | $171,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,636 |
| Pension plan accruals and contributions | $3,742 |
| Other employee benefits | $52,823 |
| Payroll taxes | $28,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,944 |
| Fees for services: Accounting | $25,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,113 |
| Fees for services: Investment Management | $98,243 |
| Fees for services: Other | $108,135 |
| Advertising and promotion | $105,121 |
| Office expenses | $101,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,692 |
| Travel | $1,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $282,277 |
| Insurance | $23,585 |
| All other expenses | $14,295 |
| Total functional expenses | $6,489,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,067,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,732,420 |
| Accounts receivable, net | $261,157 |
| 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 | $327,380 |
| Net Land, buildings, and equipment | $4,052,324 |
| Investments—publicly traded securities | $31,607,476 |
| Investments—other securities | $11,866,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,906,394 |
| Total assets | $62,820,883 |
| Accounts payable and accrued expenses | $384,549 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $144,652 |
| Total liabilities | $529,201 |
| Net assets without donor restrictions | $29,556,814 |
| Net assets with donor restrictions | $32,734,868 |
| 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 | $62,820,883 |
Grants Awarded
Over the last fiscal year, Eaa Aviation Foundation Inc has awarded $11,419,635 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Oshkosh, WI PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $3,771,076 |
Oshkosh, WI PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $3,771,076 |
Oshkosh, WI PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $3,771,076 |
Oshkosh, WI PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $35,469 |
Oshkosh, WI PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $35,469 |
Oshkosh, WI PURPOSE: GRANT - SEE FORM 990 PART III, LINE 4A | $35,469 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eaa Aviation Foundation Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Grace And Richard Okita Foundation Honolulu, HI PURPOSE: TO SUPPORT DONEE ACTIVITIES | $2,000 |
Endowment Analysis
| Beg. Balance | $31,088,638 |
| Earnings | $6,615,231 |
| Net Contributions | $1,754,205 |
| Grants | $1,193,240 |
| Ending Balance | $38,264,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Historical Society Chicago, IL | $142,770,893 | $16,768,760 |
Pmml North Inc Chicago, IL | $161,806,539 | $478,889 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |
Eaa Aviation Foundation Inc Oshkosh, WI | $62,820,883 | $14,243,844 |
Holocaust Memorial Center Farmington Hills, MI | $46,637,236 | $21,925,651 |
Putnam Museum And Science Center Davenport, IA | $12,236,666 | $5,417,637 |
Motown Historical Museum Inc Detroit, MI | $36,344,932 | $14,838,936 |
Museum Of Wisconsin Art Inc West Bend, WI | $10,712,368 | $3,038,325 |
The Tuskegee Airmen National Historical Museum Detroit, MI | $2,502,282 | $3,407,704 |
Living History Farms Foundation Des Moines, IA | $16,358,279 | $3,488,331 |
Muskegon County Museum Muskegon, MI | $2,882,872 | $2,269,228 |
Minnesota Masonic Historical Society And Museum Bloomington, MN | $21,958,017 | $92,192 |