2024-05-14T14:24:10-05:00 2023-06-30 571157523 APRIO LLP 111 ROCKVILLE PIKE SUITE 600 ROCKVILLE MD 20850 990 2022-07-01 530261213 VERTICAL AVIATION INTERNATIONAL INC VERT 7036834646 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 JAMES A VIOLA PRESIDENT & CEO 7036834646 2024-05-02 1 JAMES VIOLA 999009999 0 STACY CULLEN P00974308 3012316200 2024-05-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JAMES A VIOLA 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 20728123 0 X WWW.ROTOR.ORG X 1988 DE TO PROVIDE VERTICAL AVIATION OPERATIONS, SAFETY, AND ENCOURAGE PROFESSIONALISM. 12 12 42 47 324750 0 1051595 403154 11468694 14050823 2048341 1185251 2399786 3051256 16968416 18690484 103023 825669 0 0 5389618 5886943 0 0 0 8399811 11224016 13892452 17936628 3075964 753856 43682143 65113607 19889966 40377095 23792177 24736512 INTERNATIONALLY REPRESENT ALL ASPECTS OF THE VERTICAL TAKE-OFF & LANDING (VTOL) INDUSTRY. BE THE LEADING GLOBAL VOICE IN PROMOTING SAFETY, COMMUNITY COMPATIBILITY, PROFESSIONALISM, INNOVATION, AND THE ECONOMIC VIABILITY OF THE INDUSTRY. 0 0 CONFERENCES AND TRADE SHOWS: SUPPORT THE GLOBAL VTOL INDUSTRY BY PROVIDING FORUMS WHERE HELICOPTER PROFESSIONALS CAN GATHER TO CONDUCT BUSINESS; SHOWCASE PRODUCTS, SERVICES, AND TECHNOLOGY; EXCHANGE INFORMATION, BEST PRACTICES, AND IDEAS; TAKE ADVANTAGE OF PROFESSIONAL EDUCATION OPPORTUNITIES; PARTICIPATE IN CAREER DEVELOPMENT AND JOB SEARCH ACTIVITIES; COLLABORATE TO IMPROVE AND PROMOTE INDUSTRY SAFETY AND TO ADDRESS OTHER INDUSTRY ISSUES; AND NETWORK WITH PEERS. VAI'S ANNUAL CONFERENCE AND TRADE SHOW, VAI HELI-EXPO, IS THE WORLD'S LARGEST VTOL SHOW. VAI ALSO PRESENTS AN ANNUAL AERIAL WORK SAFETY CONFERENCE THAT SUPPORTS THE FIREFIGHTING, UTILITY PATROL AND CONSTRUCTION, AND RESTRICTED-CATEGORY AIRCRAFT SECTORS, AS WELL AS MEETINGS TO SUPPORT ADDITIONAL INDUSTRY SECTORS, SUCH AS ADVANCED AIR MOBILITY. MEMBERSHIP: PROVIDE VAI MEMBERS WITH SERVICES THAT DIRECTLY BENEFIT THEIR OPERATIONS AND ADVANCE THE INTERNATIONAL HELICOPTER INDUSTRY BY PROVIDING PROGRAMS THAT ENHANCE SAFETY AND ENCOURAGE PROFESSIONALISM AND ECONOMIC VIABILITY WHILE PROMOTING THE UNIQUE CONTRIBUTIONS VERTICAL FLIGHT OFFERS TO SOCIETY. EXCLUSIVE VAI MEMBER BENEFITS INCLUDE: DIRECT ACCESS TO VAI TECHNICAL, REGULATORY, AND LEGISLATIVE STAFF; MEMBERSHIP IN VAI WORKING GROUPS; LEGISLATIVE RESOURCES AND UPDATES; VISIBILITY FOR MEMBER COMPANY NEWS IN ROTOR MEDIA; MEMBER COMPANY EMPLOYMENT LISTINGS ON VAI PARTNER'S JOB BOARD; PROGRAMS TO ELEVATE MEMBER COMPANYS' LEVEL OF SAFETY, INCLUDING SMS, ASAP, AND FRAT PROGRAMS; AND DISCOUNTS ON ATTENDING OR EXHIBITING AT VAI EVENTS, ON HAI EDUCATION COURSES, OR ON ADVERTISING IN VAI MEDIA. GOVERNMENT AFFAIRS: VAI IS DEDICATED TO PROMOTING VERTICAL FLIGHT AS A SAFE, EFFECTIVE TOOL FOR BUSINESS AND TO ADVANCING THE INTERNATIONAL ROTORCRAFT COMMUNITY, WHICH INCLUDES HELICOPTERS, TILTROTORS, VERTICAL-LIFT UNMANNED AIRCRAFT SYSTEMS, AND THE DEVELOPING FIELD OF ADVANCED AIR MOBILITY. VAI ADVOCATES FOR EXPANDING THE USE OF VERTICAL FLIGHT, ON BEHALF OF OUR MEMBERS AND FOR THE BENEFIT OF SOCIETY, WITH LEGISLATORS, REGULATORS, AND GOVERNMENT AGENCIES AROUND THE WORLD. VAI'S DILIGENT WORK AGAINST BURDENSOME REGULATIONS AND ADVOCATING TO ENSURE A SAFE, SUSTAINABLE, AND ECONOMICALLY VIABLE FUTURE FOR OUR INDUSTRY IS AT THE FOREFRONT OF EVERYTHING WE DO. 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 65 0 1 42 1 1 1 0 0 0 1 1 0 1 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JAMES A VIOLA 7036834646 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 JEFFREY SMITH CHAIR 1.00 1.00 X X 0 0 0 B ADAM HAMMOND VICE CHAIR 1.00 1.00 X X 0 0 0 NICOLE BATTJES TREASURER 1.00 1.00 X X 0 0 0 MARK SCHLAEFLI ASST TREASURER 1.00 1.00 X X 0 0 0 BRIAN JORGENSON DIRECTOR 1.00 1.00 X 0 0 0 RICK KENIN DIRECTOR 1.00 1.00 X 0 0 0 RANDAL ROWLES DIRECTOR 1.00 1.00 X 0 0 0 STACY SHEARD DIRECTOR 1.00 1.00 X 0 0 0 R MILLER STALLINGS DIRECTOR 1.00 1.00 X 0 0 0 H BRYAN BREWER III LEGAL ADVISOR 1.00 1.00 X 0 0 0 JONATHAN DANIELS SPECIAL ADVISOR 1.00 1.00 X 0 0 0 FRANCOIS LASSALE SPECIAL ADVISOR 1.00 1.00 X 0 0 0 JAMES VIOLA PRESIDENT AND CEO 40.00 1.00 X 698861 0 18525 ROXANNE FOX CHIEF OF STAFF (UNTIL 6/2023) 40.00 1.00 X 218191 0 31168 CADE CLARK VP OF GOVERNMENT AFFAIRS 40.00 0.00 X 223131 0 47741 MICHAEL HERTZENDORF CHIEF OPERATING OFFICER 40.00 0.00 X 213735 0 30796 CHRISTOPHER MARTINO VP OF OPERATIONS 40.00 0.00 X 184076 0 29071 CHRISTOPHER HILL DIRECTOR OF SAFETY 40.00 0.00 X 163023 0 27408 DANIEL SWEET DIRECTOR OF PUBLIC RELATIONS 40.00 0.00 X 153359 0 26424 REGINA KVITOVICH DIRECTOR OF PUBLICATIONS 40.00 0.00 X 150642 0 26445 2005018 0 237578 17 0 1 0 THE WYMAN COMPANY PO BOX 358780 GAINSVILLE FL 32635 CONSULTING 380560 SMART HR INC PO BOX 1291 ALEXANDRIA VA 22313 HR CONSULTING 171962 CROWELL & MORING 1001 PENNSYLVANIA AVENUE NW WASHINGTON DC 20004 LEGAL SERVICES 125894 CLIFTONLARSONALLEN 220 S 6TH STREET SUITE 300 OAKLAND CA 94608 ACCOUNTING SERVICES 103647 4 134463 268691 403154 CONVENTION 900099 11994813 11994813 MEMBERSHIP DUES 900099 1390700 1390700 PROGRAM INCOME 900099 335541 335541 PUBLICATION SALES 900099 329769 5019 324750 14050823 1637760 1637760 8256 8256 2885072 0 2885072 2885072 2885072 1585130 1934791 102848 -349661 -102848 -452509 -452509 PARKING AGREEMENT 900099 144564 144564 MISCELLANEOUS REVENUE 900099 13364 13364 157928 18690484 13726073 324750 4236507 667419 8250 150000 1835570 3072513 186646 497136 295078 358654 139625 10121 1742301 331391 736582 2043911 851947 2035143 496540 1170565 241623 DUES & SUBSCRIPTIONS 510667 TAXES & LICENSES 206755 PAYROLL PROCESSING FEES 173935 BAD DEBT 165757 8499 17936628 2731174 2763282 1098570 759108 352705 404261 24958849 10124706 15528097 14834143 9227341 9413395 8812692 9379997 5931564 27559421 43682143 65113607 959852 1236389 3197968 3358590 11681377 10876477 2500000 2000000 1550769 22905639 19889966 40377095 X 23792177 24736512 23792177 24736512 43682143 65113607 X 753856 760404 -569925 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 1390700 298578 269803 568381 556280 12101 2500000 2500000 15597025 10124706 5472319 5094026 5094026 307185 307185 1460613 1460613 14834143 VAI INVESTMENT IN SUBSIDIARY 9379997 F 9379997 DEFERRED COMPENSATION LIABILITIES 457396 REAL ESTATE COMMISSIONS 703950 RENT RECEIVABLES 4333979 INTEREST RATE SWAP 1167487 RIGHT-OF-USE ASSETS 20896609 27559421 DEFERRED COMPENSATION LIABILITIES 457396 SECURITY DEPOSITS 125038 LEASE LIABILITY- OPERATING LEASE 22323205 22905639 X 19440767 760404 760404 18680363 10121 10121 18690484 17926507 0 17926507 10121 10121 17936628 PART X, LINE 2: THE ORGANIZATION REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, NO PROVISION FOR INCOME TAXES WAS MADE, AS THE ORGANIZATION HAD NO TAXABLE NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 0 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS IN THE REGION 150000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PRODUCE EUROPEAN ROTORS CONFERENCE AND PROGRAM 711561 0 0 0 0 0 0 861561 0 861561 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL ASSISTANCE 150000 WIRE 0 1 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 VAI FOUNDATION INC 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 521297129 501(C)(3) 607742 0 CANCELLATION OF DEBT 1 0 SCHOLARSHIPS 4 8250 X X 1 1 X X X X 0 0 0 JAMES VIOLA PRESIDENT AND CEO 698861 0 0 0 0 0 0 0 18525 0 717386 0 0 0 CADE CLARK VP OF GOVERNMENT AFFAIRS 223131 0 0 0 0 0 0 0 47741 0 270872 0 0 0 ROXANNE FOX CHIEF OF STAFF (UNTIL 6/2023) 218191 0 0 0 0 0 0 0 31168 0 249359 0 0 0 MICHAEL HERTZENDORF CHIEF OPERATING OFFICER 213735 0 0 0 0 0 0 0 30796 0 244531 0 0 0 CHRISTOPHER MARTINO VP OF OPERATIONS 184076 0 0 0 0 0 0 0 29071 0 213147 0 0 0 CHRISTOPHER HILL DIRECTOR OF SAFETY 163023 0 0 0 0 0 0 0 27408 0 190431 0 0 0 DANIEL SWEET DIRECTOR OF PUBLIC RELATIONS 153359 0 0 0 0 0 0 0 26424 0 179783 0 0 0 REGINA KVITOVICH DIRECTOR OF PUBLICATIONS 150642 0 0 0 0 0 0 0 26445 0 177087 0 0 0 PART I, LINE 1A THE CHAIRMAN AND PRESIDENT/CEO OF THE ASSOCIATION ARE PROVIDED WITH FIRST-CLASS TRAVEL FOR THEMSELVES AND THEIR SPOUSES WHEN THEIR SPOUSE ACCOMPANIES THEM ON A BUSINESS TRIP, UNDER AN ACCOUNTABLE PLAN WHICH WAS APPROVED BY THE EXECUTIVE COMMITTEE. THESE AMOUNTS ARE NOT REPORTED AS TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS 5 CLASSES OF MEMBERS. OPERATORS, MANUFACTURER & SUPPLIERS, PILOTS & MECHANICS, UNMANNED AIRCRAFT SYSTEM OPERATORS, AND INDUSTRY PROFESSIONALS. FORM 990, PART VI, SECTION A, LINE 7A VOTING RIGHTS ARE LIMITED TO OPERATOR MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B WHEN A QUORUM IS PRESENT AT ANY MEETING, THE VOTE OF TWO-THIRDS (2/3) OF THE MEMBERS HAVING VOTING POWER IN PERSON OR BY PROXY, ON A QUESTION CAN DECIDE ANY QUESTION BROUGHT BEFORE SUCH MEETING, UNLESS THE QUESTION IS ONE UPON WHICH BY EXPRESS PROVISION OF THE STATUES NOTED IN THE ARTICLES OF INCORPORATION OR BY-LAWS INDICATE A DIFFERENT VOTE IS REQUIRED, IN SUCH CASE EXPRESS PROVISION GOVERNS AND CONTROLS THE DECISION OF SUCH QUESTION. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE FORM 990. UPON SUBMISSION OF THE DRAFT FORM 990, IT IS REVIEWED BY THE PRESIDENT AND CEO. THE FEDERAL FORM 990 IS THEN APPROVED AND FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY AND DISCLOSES AND POTENTIAL CONFLICT OF INTEREST. ALL STAFF AND MEMBERS OF THE BOARD OF DIRECTORS OF THE ASSOCIATION SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE SIGNED DOCUMENTS ARE REVIEWED BY THE PRESIDENT AND CEO AND GENERAL COUNSEL AND KEPT BY THE CORPORATE SECRETARY. THE CONFLICT OF INTEREST POLICY IS ALWAYS TAKEN INTO CONSIDERATION WHEN THERE IS THE POTENTIAL FOR CONFLICT, PARTICULARLY AS A CONDITION FOR HIRING OR BEGINNING NEW RELATIONSHIP. IF A CONFLICT OF INTEREST EXISTS, THE PRESIDENT AND CEO WILL DETERMINE THE APPROPRIATE STEPS TO BE TAKEN UNDER THE CIRCUMSTANCES. POSSIBLE STEPS INCLUDE BUT ARE NOT LIMITED TO: REQUIRING THE INTERESTED EMPLOYEE TO REFRAIN FROM PARTICIPATING IN ANY DECISION OR POLICY MAKING IN A PENDING MATTER RELATING TO THE CONFLICTING INTEREST: REQUIRING THE EMPLOYEE TO DIVEST THEMSELF OR HERSELF OF THE CONFLICTING INTEREST: OR, SUFFICIENTLY SERIOUS SITUATIONS, TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 THE ASSOCIATION EXTENSIVELY USES SALARY SURVEYS AND INDEPENDENT REVIEWS BY OUTSIDE COMPENSATION PROFESSIONALS TO DETEMINE THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. EACH YEAR, THE BOARD OF DIRECTORS IS PRESENTED WITH AND ASKED TO GIVE APPROVAL TO ANY PROPOSED AGGREGATE SALARY INCREASE AND IT IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION KEEPS ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ON FILE AT THE HEADQUARTERS BUILDING AND MAKES THEM AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST WITHIN THE LIMITS OF THE LAW. FORM 990, PART XI, LINE 9: MEMBER CONTRIBUTIONS TO LLC -569,925. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. HAI 1920 BALLENGER LLC 1920 BELLENGER AVENUE ALEXANDRIA VA 223142898 454893447 TO OWN AND OPERATED MIXED USE BUILDING DE HELICOPTER ASSOCIATION INTERNATIONAL VAI FOUNDATION 1920 BALLENGER AVENUE ALEXANDRIA VA 223142898 521297129 TO PRESERVE AND PROMOTE HELICOPTER HISTORY AND EDUCATION DC 501(C)(3) LINE 7 VERTICAL AVIATION INTERNATIONAL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0