2024-10-30T11:14:47-05:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2023-01-01 208817225 THE AOPA FOUNDATION INC AOPA 3016952000 421 AVIATION WAY FREDERICK MD 21701 ERICA SACCOIA SVP FINANCE & ACCOUNTING 3016952000 2024-10-29 1 0 MARY TORRETTA P00847851 7038477500 2023 2024-10-15 13:58:12Z MARK BAKER CEOPRESIDENT 421 AVIATION WAY FREDERICK MD 21701 35728264 0 X WWW.AOPA.ORG/FOUNDATION X 2007 MD THE AOPA FOUNDATION (THE FOUNDATION) WORKS TO IMPROVE AVIATION SAFETY, PRESERVE COMMUNITY AIRPORTS, AND ENCOURAGE LEARNING TO FLY FOR CAREER AND PERSONAL BENEFIT. 9 8 35 8 0 0 11516655 10904623 238435 423370 1457290 572477 52952 51211 13265332 11951681 2647922 2631013 0 0 3599261 3600557 0 0 598604 3800702 4038246 10047885 10269816 3217447 1681865 45859308 52824643 1760781 1208428 44098527 51616215 X TO PROMOTE, ADVANCE AND ENCOURAGE AVIATION AND AIRPORT SAFETY AND SECURITY AND THE RESEARCH AND TESTING IN THE SUPPORT THEREOF; TO EDUCATE THE PUBLIC AND USERS OF THE NATIONAL AIR TRANSPORTATION SYSTEM TO THE VALUE AND IMPORTANCE OF GENERAL AVIATION TO THE NATIONAL AIR TRANSPORTATION SYSTEM; TO ENCOURAGE AND SUPPORT THE FLIGHT TRAINING OF PILOTS TO ASSURE THE FUTURE OF GENERAL AVIATION AS AN IMPORTANT COMPONENT OF THE NATIONAL AIR SYSTEM; TO LESSEN THE BURDENS OF FEDERAL, STATE AND LOCAL GOVERNMENTS IN CONNECTION WITH THE MAINTENANCE AND ADVANCEMENT OF GENERAL AVIATION, AND AVIATION AND AIRPORT SAFETY AND SECURITY; AND TO ASSIST OTHER CHARITABLE AND OTHER ORGANIZATIONS IN THE CONDUCT OF SIMILAR ACTIVITIES TO THE EXTENT THAT SUCH ACTIVITIES ARE IN THE FURTHERANCE OF CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC PURPOSES. 0 0 8914838 2631013 423370 SEE SCHEDULE OTHE AOPA FOUNDATION (THE FOUNDATION) IS A TAX-EXEMPT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ORGANIZATION THAT EDUCATES THE PUBLIC ABOUT THE VALUE OF GENERAL AVIATION. THE FOUNDATION'S MISSION IS TO ENSURE THE FUTURE OF GENERAL AVIATION BY IMPROVING SAFETY THROUGH THE AIRCRAFT OWNERS AND PILOTS ASSOCIATION'S (AOPA) AIR SAFETY INSTITUTE, PRESERVING COMMUNITY AIRPORTS, AND ENCOURAGING LEARNING TO FLY FOR CAREER AND PERSONAL BENEFIT.YOU CAN FLYTHE AOPA FOUNDATION'S YOU CAN FLY PROGRAM IS A SET OF INITIATIVES DESIGNED TO GET PEOPLE FLYING AND KEEP THEM FLYING. WITH INITIATIVES TO INTRODUCE HIGH SCHOOL STUDENTS TO CAREER OPPORTUNITIES IN AVIATION AND AEROSPACE, PROVIDE SUPPORT FOR FLIGHT SCHOOLS AND STUDENTS, DELIVER TOOLS AND RESOURCES TO HELP PILOTS CREATE AND GROW FLYING CLUBS, AND HELP LAPSED PILOTS GET BACK IN THE AIR, YOU CAN FLY IS SUPPORTING AVIATORS AT EVERY STAGE OF THEIR JOURNEY.THE FOUNDATION PROVIDES FREE FOUR YEAR AVIATION STEM CURRICULUM TO THOUSANDS OF HIGH SCHOOL STUDENTS NATIONWIDE. AN ANNUAL SYMPOSIUM FOR EDUCATORS HELPS SCHOOLS CREATE AND GROW AVIATION STEM PROGRAMS TO MEET THEIR SPECIFIC NEEDS, WHILE $1 MILLION IN SCHOLARSHIPS ARE AWARDED ANNUALLY TO HIGH SCHOOL TEACHERS AND STUDENTS TO HELP THEM EARN A PILOT CERTIFICATE.FOR FLIGHT SCHOOLS, INSTRUCTORS, AND STUDENTS, THE FOUNDATION IS DELIVERING TRAINING AND TOOLS DESIGNED TO HELP REDUCE THE DROPOUT RATE BY MAKING TRAINING MORE EFFICIENT, TRANSPARENT, AND CUSTOMER FOCUSED. THE ANNUAL FLIGHT TRAINING EXPERIENCE AWARDS SUPPORT BEST PRACTICES AND RECOGNIZE SCHOOLS FROM ACROSS THE COUNTRY THAT DELIVER EXCEPTIONAL TRAINING EXPERIENCES TO THEIR CLIENTS WHILE THE AOPA FLIGHT TRAINING ADVANTAGE PLATFORM BRINGS ADAPTIVE LEARNING INTO THE FLIGHT DECK.TO HELP INCREASE AIRCRAFT UTILIZATION AND BUILD A STRONGER COMMUNITY OF AVIATORS, THE FOUNDATION IS HELPING PILOTS LAUNCH AND GROW FLYING CLUBS. THE FOUNDATION DELIVERS EXTENSIVE RESOURCES, INCLUDING IN-PERSON ASSISTANCE AND ONLINE GUIDANCE, TO HELP PILOTS CREATE NEW CLUBS. THE FOUNDATION'S FLYING CLUB FINDER ALSO LISTS HUNDREDS OF FLYING CLUBS, MAKING IT EASIER FOR PILOTS EVERYWHERE TO CONNECT WITH A CLUB CLOSE TO HOME.FOR LAPSED PILOTS WHO WANT TO RETURN TO FLYING, THE FOUNDATION'S RUSTY PILOTS INITIATIVE PROVIDES IN-PERSON SEMINARS AND LIVE WEBINARS THAT GIVE PILOTS THREE HOURS OF GROUND TRAINING THAT FULFILLS THE FAA'S FLIGHT REVIEW REQUIREMENTS FOR GROUND INSTRUCTION. AN ONLINE COURSE OPTION MAKES IT POSSIBLE FOR PILOTS TO REFRESH THEIR CRITICAL GROUND SCHOOL KNOWLEDGE ANY TIME. BOTH THE IN-PERSON AND THE ONLINE PROGRAMS PROVIDE FAA WINGS CREDIT.FOUNDATION GRANTSDURING 2023, THE AOPA FOUNDATION GRANTED $1,500,000 TO VARIOUS PROJECTS IN SUPPORT OF ITS MISSION.THE FOUNDATION PROVIDED A $764,000 GRANT TO SUPPORT AOPA'S AIR SAFETY INSTITUTE (ASI). ASI SERVES ALL PILOTS BY PROVIDING FREE OR LOW-COST EDUCATION PROGRAMS TO PILOTS AND FLIGHT INSTRUCTORS NATIONWIDE, ANALYZING SAFETY DATA, AND CONDUCTING SAFETY RESEARCH. AS A RESULT OF THE GRANT, ASI'S MATERIAL WAS ACCESSED NEARLY 10 MILLION TIMES. THIS WAS MADE POSSIBLE IN PART BY THE RELEASE OF VARIOUS NEW PRODUCTS INCLUDING VIDEOS, PODCASTS, PUBLICATIONS, AND WEBINARS TO PILOTS AND AVIATION ENTHUSIASTS. THE FOUNDATION PROVIDED A $397,000 GRANT TO SUPPORT THE AOPA AIRPORT SUPPORT NETWORK. THE AIRPORT SUPPORT NETWORK IS A GROUP OF OVER 2,300 VOLUNTEERS TASKED WITH PROMOTING, PROTECTING, AND DEFENDING AMERICA'S COMMUNITY AIRPORTS FROM PRESSURES MOUNTING AGAINST SUCH AIRPORTS.THE FOUNDATION PROVIDED A $339,000 GRANT TO SUPPORT MEMBER OUTREACH. EVENTS ARE FOCUSED ON PROVIDING AOPA MEMBERS EDUCATIONAL CONTENT, ACCESS TO AVIATION INDUSTRY PARTNERS FOR TRANSACTIONS, AND THE OPPORTUNITY TO CONNECT WITH THE AVIATION COMMUNITY. EACH EVENT IS INTENDED TO INCREASE ENGAGEMENT BY AOPA MEMBERS WHICH WILL LEAD TO SAFER PILOTS AND A MORE ROBUST AVIATION INDUSTRY. 8914838 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 241 0 1 35 1 0 1 1 BD CJ 0 0 0 1 1 0 0 0 0 0 0 X 9 8 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NC NH NJ NM NY OR PA RI SC TN VA WI WV X X ERICA SACCOIA SVP FINANCE ACCOUN 3016952000 421 AVIATION WAY FREDERICK MD 21701 X MARK R BAKER PRESIDENT/CEO 10.00 40.00 X X 0 1740646 215298 WILLIAM C TRIMBLE III CHAIRMAN 1.00 1.00 X X 0 0 0 DARRELL W CRATE VICE CHAIRMAN (THRU 05/2023) 1.00 1.00 X X 0 0 0 WILLIAM B L HUDSON VICE CHAIRMAN (AS OF 05/2023) 1.00 1.00 X X 0 0 0 JAMES N HAUSLEIN TREASURER 1.00 1.00 X X 0 0 0 LAWRENCE D BUHL III TRUSTEE 1.00 1.00 X 0 0 0 MATTHEW J DESCH TRUSTEE 1.00 1.00 X 0 0 0 AMANDA C FARNSWORTH TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL POZNANSKY TRUSTEE (THRU 05/2023) 1.00 1.00 X 0 0 0 STEPHEN ELOP TRUSTEE 1.00 1.00 X 0 0 0 JAMES G TUTHILL JR TRUSTEE (THRU 05/2023) 1.00 1.00 X 0 0 0 LUKE R WIPPLER TRUSTEE 1.00 1.00 X 0 0 0 GREGORY L COHEN CHIEF FINANCIAL OFFICER 10.00 40.00 X 0 379690 495485 JUSTINE A HARRISON SVP - GENERAL COUNSEL 10.00 40.00 X 0 465163 38359 ERICA J SACCOIA SVP - FINANCE & ACCOUNTING 10.00 40.00 X 0 325073 29709 ELIZABETH A TENNYSON SVP - AOPA FOUNDATION, INC. 40.00 0.00 X 332083 0 23703 DAN JUSTMAN VP - YOU CAN FLY 40.00 0.00 X 185162 0 24535 PETER BOWERS AMBASSADOR 40.00 0.00 X 173471 0 30417 KATIE PRIBYL VP - CAPITAL CAMPAIGN 40.00 0.00 X 159580 0 18919 MORTY LLOYD MAJOR GIFT OFFICER 40.00 0.00 X 117881 0 23484 968177 2910572 899909 11 0 1 0 WISEWIRE INC 1050 30TH STREET NW WASHINGTON DC 20007 CURRICULUM DEVELOPMENT 132650 PROLIST LLC 4510 BUCKEYSTOWN PIKE SUITE M FREDERICK MD 21704 PRINT/MAIL SERVICE 114914 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 022412015 INVESTMENT MANAGER 104362 3 10904623 473352 10904623 REGISTRATION REVENUE 900099 231401 231401 GOVERNMENT CONTRACT 900099 191969 191969 423370 406415 406415 23942645 23776583 166062 166062 166062 SHARED COST ALLOCATION 900099 50000 50000 MISCELLANEOUS REVENUE 900099 1211 1211 51211 11951681 473370 0 573688 1500000 1500000 1131013 1131013 2912571 2610091 101852 200628 189351 169686 6622 13043 294947 263327 10619 21001 203688 182649 6366 14673 63034 63034 170908 170908 351960 319713 32247 186963 138630 48333 323662 216790 41119 65753 39006 35026 3980 253316 225495 27821 350984 347326 3658 16324 16324 SHARED COSTS & OVERHEAD 2217103 1734574 323322 159207 BAD DEBT 47271 7550 39721 RENTALS, REPAIRS & MAIN 7371 7371 DUES & SUBSCRIPTIONS 6330 6330 4014 2943 285 786 10269816 8914838 756374 598604 X 2502863 1904259 0 598604 4604208 4742883 2572717 2667208 447859 316851 169297 90969 22832 78328 15022434 15816469 22894385 28922212 294873 280692 45859308 52824643 1465819 927736 89 0 294873 280692 1760781 1208428 X 16418514 21125492 27680013 30490723 44098527 51616215 45859308 52824643 1681865 5835823 0 X 0 1 X 1 0 X 8788993 9538456 11064996 11516655 10904623 51813723 8788993 9538456 11064996 11516655 10904623 51813723 17797342 34016381 205172 235634 337779 465413 406415 1650413 50000 52952 51211 154163 53618299 732756 0.63440 0.65120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 50,000. 2022 AMOUNT: $ 52,952. 2023 AMOUNT: $ 51,211. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13978000 1568000 1736000 17282000 15172701 -1390000 195299 13978000 14192341 980360 15172701 13770533 421808 14192341 13694534 75999 13770533 0.15000 0.85000 0 0 169297 90969 78328 78328 ALTERNATIVE INVESTMENTS 28922212 F 28922212 CHARITABLE GIFT ANNUITY 280692 280692 X 17616596 5835823 5835823 11780773 170908 170908 11951681 10098908 0 10098908 170908 170908 10269816 PART V, LINE 4: ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED TO SUPPORT AOPA FOUNDATION'S MISSION. SEE SCHEDULE O FOR DETAILED MISSION STATEMENT. PART X, LINE 2: FIN 48 FOOTNOTE THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9867003 0 0 0 0 0 0 9867003 0 9867003 1 0 1 0 1 0 1 AIRCRAFT OWNERS & PILOTS ASSOCIATION 421 AVIATION WAY FREDERICK MD 21701 520636210 501(C)(4) 764000 0 SAFETY SUPPORT AIRCRAFT OWNERS & PILOTS ASSOCIATION 421 AVIATION WAY FREDERICK MD 21701 520636210 501(C)(4) 397000 0 AIRPORT SUPPORT AIRCRAFT OWNERS & PILOTS ASSOCIATION 421 AVIATION WAY FREDERICK MD 21701 520636210 501(C)(4) 339000 0 GROW PILOT POPULATION 0 1 FLIGHT TRAINING SCHOLARSHIP 214 1131013 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE AOPA FOUNDATION (FOUNDATION) HAS WRITTEN PROCEDURES FOR REQUESTING FUNDING. THE REQUEST FOR FUNDING MUST CONFORM TO, AND FOSTER THE PURPOSES SET FORTH IN THE FOUNDATION'S ARTICLES OF INCORPORATION. ALL ORGANIZATIONS AWARDED GRANTS BY THE FOUNDATION MUST COMPLETE AND RETURN, UPON COMPLETION OF THE PROJECT, A FINAL REPORT DETAILING AND ACCOUNTING FOR HOW THE GRANT FUNDS WERE SPENT. GRANT FUNDS MAY ONLY BE SPENT IN FURTHERANCE OF THE PROJECT DOCUMENTED ON THE GRANT APPLICATION. ANY UNUSED FUNDS MUST BE RETURNED. GRANTS AND OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS FLIGHT TRAINING SCHOLARSHIPS: THE SCHOLARSHIP RULES REQUIRE THE RECIPIENT(S) TO BE: (A) U.S. CITIZEN OR U.S. PERMANENT RESIDENT, (B) AT LEAST 15 YEARS OF AGE ON OR BEFORE THE APPLICATION CLOSE DATE, (C) HAVE HAD AN AOPA MEMBER ACCOUNT AT THE TIME OF APPLICATION, (D) NOT HAVE COMPLETED THE FAA PRACTICAL TEST/CHECKRIDE AT THE TIME OF APPLICATION. THE MONEY IS TO BE USED FOR FLIGHT TRAINING EXPENSES ONLY AND IF THE MONEY IS NOT USED FOR THAT PURPOSE, IT MUST BE RETURNED TO AFI. AFI MONITORS THE USE OF THESE FUNDS ON A WEEKLY BASIS. 0 1 0 0 0 0 0 1 0 MARK R BAKER PRESIDENT/CEO 0 964397 0 727500 0 48749 0 199915 0 15383 0 1955944 0 0 GREGORY L COHEN CHIEF FINANCIAL OFFICER 0 297755 0 81300 0 635 0 480019 0 15466 0 875175 0 0 JUSTINE A HARRISON SVP - GENERAL COUNSEL 0 367486 0 96725 0 952 0 24915 0 13444 0 503522 0 0 ELIZABETH A TENNYSON SVP - AOPA FOUNDATION, INC. 256665 0 74190 0 1228 0 21604 0 2099 0 355786 0 0 0 ERICA J SACCOIA SVP - FINANCE & ACCOUNTING 0 255190 0 68637 0 1246 0 21669 0 8040 0 354782 0 0 DAN JUSTMAN VP - YOU CAN FLY 165271 0 19107 0 784 0 9757 0 14778 0 209697 0 0 0 PETER BOWERS AMBASSADOR 162014 0 10000 0 1457 0 13727 0 16690 0 203888 0 0 0 KATIE PRIBYL VP - CAPITAL CAMPAIGN 159279 0 0 0 301 0 12379 0 6540 0 178499 0 0 0 PART I, LINE 3 THE ORGANIZATION'S CEO IS COMPENSATED BY THE RELATED ORGANIZATION, AIRCRAFT OWNERS & PILOTS ASSOCIATION (AOPA). AOPA USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN MARK BAKER PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED 457(F) PLAN, WHICH IS INCLUDED IN PART II, COLUMN C. THE 2023 CONTRIBUTION TO THIS PLAN WAS $175,000. PART I, LINE 7: NONFIXED PAYMENTS TARGET INCENTIVE AMOUNTS, AS A PERCENTAGE OF BASE SALARY, ARE ESTABLISHED BASED ON THE PARTICIPANT'S POSITION. THE ACTUAL BONUS PAID IS PROPOSED BY THE EXECUTIVE MANAGEMENT TEAM AND THE PRESIDENT BASED ON THEIR ASSESSMENT OF THE PARTICIPANT'S INDIVIDUAL PERFORMANCE AND THAT OF THE ORGANIZATION AGAINST PRE-ESTABLISHED GOALS. THE BOARD OF TRUSTEES AND COMPENSATION COMMITTEE REVIEW AND MAKE A FINAL DETERMINATION AS TO THE ACTUAL BONUS AMOUNT PAID TO PARTICIPANTS. NONE OF THE PERSONS MENTIONED ABOVE PARTICIPATE IN THE DELIBERATION OF THEIR COMPENSATION ARRANGEMENT. THE DELIBERATIONS AND DECISIONS OF THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED IN CONTEMPORANEOUS DOCUMENTATION WITH OUR HUMAN RESOURCES DEPARTMENT. PART II: COMPENSATION INFORMATION AOPA FOUNDATION USES THE SERVICES OF AIRCRAFT OWNERS & PILOTS ASSOCIATION'S HUMAN RESOURCES DEPARTMENT IN ORDER TO DETERMINE REASONABLE COMPENSATION OF ITS EMPLOYEES. THE COMPENSATION LEVELS AND SALARY RANGES FOR CERTAIN EMPLOYEES OF THE ORGANIZATION ARE ESTABLISHED BASED ON COMPETITIVE MARKET DATA OBTAINED THROUGH PERIODIC SALARY SURVEYS PERFORMED BY OUTSIDE COMPENSATION EXPERTS ENGAGED BY THE ORGANIZATION. THESE SURVEYS PROVIDE GUIDANCE FOR ESTABLISHING REASONABLE COMPENSATION RATES AS COMPARED TO COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR POSITIONS OF SIMILAR SCOPE OF RESPONSIBILITY. ALL POSITIONS ARE EVALUATED AND PLACED IN THE APPROPRIATE GRADES/SALARY RANGES. AN INDIVIDUAL EMPLOYEE'S SALARY, WITHIN THEIR ASSIGNED RANGE, VARIES DEPENDING PRIMARILY UPON EXPERIENCE AND PERFORMANCE. THE ORGANIZATION HAS ADOPTED A "PAY FOR PERFORMANCE" PHILOSOPHY ALLOWING MANAGERS TO AWARD MERIT INCREASES BASED ON AN INDIVIDUAL'S PERFORMANCE AGAINST PRE-ESTABLISHED GOALS. THE ORGANIZATION'S ANNUAL MERIT INCREASE BUDGET IS APPROVED BY THE BOARD OF TRUSTEES BASED ON MARKET SURVEYS. CERTAIN EMPLOYEES ALSO PARTICIPATE IN THE ORGANIZATION'S INCENTIVE PAY PROGRAM. X 18 473352 FMV 0 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE ORANGIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART I, LINE 32B: AIRCRAFT SALES BROKER THE AOPA FOUNDATION, INC. USES A BROKER SPECIALIZING IN AIRCRAFT SALES TO SELL DONATED AIRCRAFT. THE BROKER IS RESPONSIBLE FOR ADVERTISING AND PLACING LISTINGS TO ALLOW MAXIMUM EXPOSURE AND TO EXPEDITE THE SALE. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS THERE ARE TWO TRUSTEES (MR. TRIMBLE AND MR. CRATE) WHO HAVE A BUSINESS RELATIONSHIP OUTSIDE OF AFI. THESE TWO TRUSTEES ARE PARTNERS IN THE SAME COMPANY. MR. CRATE'S TERM ENDED DURING 2023. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS THE AOPA FOUNDATION'S BYLAWS STATE THE MEMBERS SHALL BE THOSE PERSONS WHO, FROM TIME TO TIME, CONSTITUTE THE BOARD OF TRUSTEES OF AIRCRAFT OWNERS & PILOTS ASSOCIATION, A NON PROFIT NEW JERSEY CORPORATION. WHENEVER ANY PERSON SHALL CEASE TO BE A MEMBER OF THE BOARD OF TRUSTEES OF SAID ASSOCIATION, FOR ANY REASON, HE SHALL CONTEMPORANEOUSLY CEASE TO BE A MEMBER OF THIS FOUNDATION, AND HIS SUCCESSOR UPON THE BOARD OF TRUSTEES OF SAID ASSOCIATION SHALL FORTHWITH BECOME A MEMBER OF THIS FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS IN CONJUNCTION WITH GRANT THORNTON LLP TAX SPECIALISTS, AOPA FOUNDATION MANAGEMENT REVIEWS THE FORM 990 WITH THE AUDIT COMMITTEE PRIOR TO PRESENTING THE RETURN TO OUR BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE AOPA FOUNDATION'S BOARD IS PROVIDED A WRITTEN "CODE OF ETHICS, CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSURE FORM" ("FORM"). THE FORM REQUIRES PERSONS COVERED (OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES) TO ANNUALLY DISCLOSE AND UPDATE THE FORM AND PROVIDE TO LEGAL COUNSEL INTERESTS THAT COULD GIVE RISE TO CONFLICT(S). LEGAL COUNSEL REVIEWS THE ANNUAL DISCLOSURES BY ALL COVERED PERSONS. DISCLOSURES ARE REGULARLY MONITORED BY COUNSEL, ANY POTENTIALLY CONFLICTING OR OTHERWISE QUESTIONABLE RESPONSES ARE FLAGGED AND THE ETHICS POLICY IS ENFORCED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION FOR THE PRESIDENT IS SET BY THE BOARD OF TRUSTEES AND COMPENSATION COMMITTEE OF AOPA. THE BASE SALARY FOR THIS POSITION MAY BE ADJUSTED BY THE BOARD FROM TIME TO TIME AT ITS SOLE DISCRETION. THE PRESIDENT IS ALSO CONSIDERED ANNUALLY BY THE BOARD FOR AN INCENTIVE BONUS WHICH IS A TARGET PERCENT OF BASE SALARY. THE ACTUAL BONUS PAID IS DETERMINED BY THE BOARD BASED ON ITS ASSESSMENT OF THE PRESIDENT'S PERFORMANCE AND THAT OF THE ORGANIZATION AGAINST APPROPRIATE GOALS SET BY THE COMPENSATION, ORGANIZATION, AND HUMAN RESOURCES COMMITTEE AND THE PRESIDENT. PERIODIC INDEPENDENT REVIEWS OF THE PRESIDENT'S COMPENSATION ARE CONDUCTED BY OUTSIDE COMPENSATION EXPERTS TO ENSURE THAT THE COMPENSATION PAID IS REASONABLE BASED ON APPROPRIATE DATA AS TO COMPARABILITY OF COMPENSATION PAID BY SIMILAR ORGANIZATIONS FOR POSITIONS OF SIMILAR SCOPE OF RESPONSIBILITY. THE COMPENSATION LEVELS AND SALARY RANGES FOR OFFICERS AND CERTAIN EMPLOYEES OF THE ORGANIZATION ARE ESTABLISHED BASED ON COMPETITIVE MARKET DATA OBTAINED THROUGH PERIODIC SALARY SURVEYS PERFORMED BY OUTSIDE COMPENSATION EXPERTS ENGAGED BY THE ORGANIZATION. THESE SURVEYS PROVIDE GUIDANCE FOR ESTABLISHING REASONABLE COMPENSATION RATES AS COMPARED TO COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR POSITIONS OF SIMILAR SCOPE OF RESPONSIBILITY. ALL POSITIONS ARE EVALUATED AND PLACED IN THE APPROPRIATE GRADES/SALARY RANGES. AN INDIVIDUAL EMPLOYEE'S SALARY, WITHIN THEIR ASSIGNED RANGE, VARIES DEPENDING PRIMARILY UPON EXPERIENCE AND PERFORMANCE. THE ORGANIZATION HAS ADOPTED A "PAY FOR PERFORMANCE" PHILOSOPHY ALLOWING MANAGERS TO AWARD MERIT INCREASES BASED ON AN INDIVIDUAL'S PERFORMANCE AGAINST PRE-ESTABLISHED GOALS. THE ORGANIZATION'S ANNUAL MERIT INCREASE BUDGET IS APPROVED BY THE BOARD OF TRUSTEES BASED ON MARKET SURVEYS. OFFICERS AND CERTAIN EMPLOYEES ALSO PARTICIPATE IN THE ORGANIZATION'S INCENTIVE PAY PROGRAM. TARGET INCENTIVE PAY AMOUNTS, AS A PERCENTAGE OF BASE SALARY, ARE ESTABLISHED BASED ON THE PARTICIPANT'S POSITION. THE ACTUAL INCENTIVE PAY AWARDED IS PROPOSED BY THE EXECUTIVE MANAGEMENT TEAM AND THE PRESIDENT BASED ON THEIR ASSESSMENT OF THE PARTICIPANT'S INDIVIDUAL PERFORMANCE AND THAT OF THE ORGANIZATION AGAINST PRE-ESTABLISHED GOALS. THE BOARD OF TRUSTEES AND COMPENSATION COMMITTEE REVIEW AND MAKE A FINAL DETERMINATION AS TO THE ACTUAL INCENTIVE AWARDS PAID TO PARTICIPANTS. NONE OF THE PERSONS MENTIONED ABOVE PARTICIPATE IN THE DELIBERATION OF THEIR COMPENSATION ARRANGEMENT AND RECUSE THEMSELVES FROM ALL OTHER DELIBERATIONS AND DISCUSSIONS RELATED TO A MATTER IN WHICH THEY MAY HAVE AN INTEREST. THE DELIBERATIONS AND DECISIONS OF THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED IN CONTEMPORANEOUS DOCUMENTATION WITH OUR HUMAN RESOURCES DEPARTMENT. AFI DID NOT COMPENSATE ANY CEO, OFFICERS, AND/OR KEY EMPLOYEES DURING THE YEAR, AS A RESULT, DID NOT HAVE A PROCESS IN PLACE FOR DETERMINING COMPENSATION FOR THOSE AFOREMENTIONED POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE ORGANIZATION DOES MAKE AVAILABLE ITS CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, FORM 990 RETURNS, AND FORM 1023 TO THE GENERAL PUBLIC. THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS TO THE EXTENT REQUIRED BY LAW. THE PUBLIC CAN RECEIVE COPIES BY CONTACTING THE ORGANIZATION'S HEADQUARTERS. COPIES OF THE RETURNS CAN BE OBTAINED AT WWW.AOPA.ORG/ABOUT-AOPA/GOVERNANCE AND OTHER PUBLIC SITES. FORM 990, PART VII, SECTION A, COLUMN B: HOURS WORKED FOR THE AOPA FOUNDATION, INC. MARK BAKER, GREG COHEN, JUSTINE HARRISON, AND ERICA SACCOIA ARE FULL-TIME EMPLOYEES OF AIRCRAFT OWNERS & PILOTS ASSOCIATION (AOPA), A RELATED, SECTION 501(C)(4) ORGANIZATION (EIN 52-0636210), ALTHOUGH THEY DEVOTE APPROXIMATELY TEN HOURS PER WEEK TO THE RELATED 501(C)(3) PUBLIC CHARITY ORGANIZATION: THE AOPA FOUNDATION, INC. GENERAL AVIATION STAKEHOLDERS UNLIMITED 421 AVIATION WAY FREDERICK MD 21701 883921187 GENERAL AVIATION DE 0 0 AOPA AIRCRAFT OWNERS & PILOTS ASSOCIATION 421 AVIATION WAY FREDERICK MD 21701 520636210 MEMBERSHIP NJ 501(C)(4) N/A N/A 0 AOPA POLITICAL ACTION COMMITTEE 421 AVIATION WAY FREDERICK MD 21701 563014117 PAC DC 527 N/A AOPA 0 AOPA HOLDINGS CORPORATION 421 AVIATION WAY FREDERICK MD 21701 461036265 HOLDINGS CORP DE AOPA C 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 AIRCRAFT OWNERS & PILOTS ASSOCIATION P 3600556 FMV AIRCRAFT OWNERS & PILOTS ASSOCIATION B 1500000 FMV AIRCRAFT OWNERS & PILOTS ASSOCIATION N 1494102 FMV AIRCRAFT OWNERS & PILOTS ASSOCIATION M 860200 FMV AOPA HOLDINGS COMPANY M 260000 FMV