North Carolina Airports Association
- Assets
- $502.8k
- Revenue
- $422.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabethtown, NC
- Founding
- 03/1989
- Data as of
- 06/2023
- EIN
- 56-1259250
Organization Overview
North Carolina Airports Association is located in Elizabethtown, NC. The organization was established in 1989. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Airports Association 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 06/2023, North Carolina Airports Association generated $422.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $367.5k during the year ending 06/2023. While expenses have increased by 7.3% 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
CONDUCT CONFERENCES AND SEMINARS TO FURTHER EDUCATE APPROXIMATELY 250 MEMBERS AND 150 AFFILIATE MEMBERS IN AIRPORT MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT CONFERENCES AND SEMINARS TO FURTHER EDUCATE APPROXIMATELY 250 MEMBERS AND 150 AFFILIATE MEMBERS IN AIRPORT MANAGEMENT. PROVIDE SCHOLARSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hinton At Large Member | Trustee | 0 | $0 |
Bobby Walston Director Ncdot Div Of Aviatio | Trustee | 0 | $0 |
Stuart Hair Region 3 Representative | Trustee | 0 | $0 |
Shoaib Quader Region 3 Representative | Trustee | 0 | $0 |
Gage King Region 1 Representative | Trustee | 0 | $0 |
Lorin Akins Region 2 Representative | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,550 |
| Total Program Service Revenue | $385,510 |
| Investment income | $2,656 |
| 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 | $422,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,133 |
| 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. | $90,731 |
| 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 | $0 |
| Fees for services: Legal | $1,251 |
| Fees for services: Accounting | $1,450 |
| Fees for services: Lobbying | $52,024 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,103 |
| Advertising and promotion | $1,671 |
| Office expenses | $813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $863 |
| Insurance | $2,016 |
| All other expenses | $8,583 |
| Total functional expenses | $367,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,021 |
| Savings and temporary cash investments | $373,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$982 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $502,760 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $473,784 |
| Net assets with donor restrictions | $28,976 |
| 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 | $502,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Property And Casualty Insurance Guaranty Assoc Columbia, SC | $58,568,404 | $43,567,997 |
Independent Insurance Agents And Brokers Of America Inc Alexandria, VA | $28,779,460 | $11,907,811 |
National Association Of Insurance And Financial Advisors Arlington, VA | $6,355,683 | $10,491,477 |
Ihope Intentional Houston Opportunities Promote Empwrmnt Inc Warner Robbins, GA | $233,560 | $1,344,710 |
R2ise Inc Atlanta, GA | $155,002 | $375,924 |
North Carolina Airports Association Elizabethtown, NC | $502,760 | $422,790 |