Aero Club Of Washington
- Assets
- $730.4k
- Revenue
- $579.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/1957
- Data as of
- 04/2024
- EIN
- 52-6054159
Organization Overview
Aero Club Of Washington is located in Washington, DC. The organization was established in 1957. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Aero Club Of Washington is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2024, Aero Club Of Washington generated $579.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $579.3k during the year ending 04/2024. While expenses have increased by 3.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE AERONAUTIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WRIGHT MEMORIAL DINNER-HELD TO HONOR CURRENT YEAR RECIPIENT OF THE NATIONAL AERONAUTIC ASSOCIATION'S WRIGHT BROTHERS MEMORIAL TROPHY.
LUNCHEONS - HELD MONTHLY TO EXCHANGE IDEAS AND DEVELOPMENTS IN AERONAUTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Griffith Executive Director | OfficerTrustee | 40 | $153,231 |
David Richardson President | OfficerTrustee | 4 | $0 |
Steve Morrissey Vice President | OfficerTrustee | 2 | $0 |
Amanda Joyner Treasurer | OfficerTrustee | 2 | $0 |
Kali Hague Secretary | OfficerTrustee | 2 | $0 |
Darby Becker Immediate Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,095 |
| Total Program Service Revenue | $565,058 |
| Investment income | $11,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $875 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $156,865 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,219 |
| Advertising and promotion | $308 |
| Office expenses | $16,593 |
| Information technology | $1,801 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489 |
| Insurance | $2,345 |
| All other expenses | $4,523 |
| Total functional expenses | $579,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,624 |
| Savings and temporary cash investments | $256,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,810 |
| 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 | $26,632 |
| Net Land, buildings, and equipment | $1,237 |
| Investments—publicly traded securities | $253,602 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $730,438 |
| Accounts payable and accrued expenses | $1,219 |
| Grants payable | $0 |
| Deferred revenue | $44,880 |
| 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 | $46,099 |
| Net assets without donor restrictions | $684,339 |
| Net assets with donor restrictions | $0 |
| 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 | $730,438 |