2021-01-12T14:22:58-06:00 2020-02-29 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2019-03-01 391033301 EAA Aviation Foundation Inc % BRIAN WIERZBINSKI EAAA 9204264800 3000 Poberezny Road Oshkosh WI 54902 BRIAN WIERZBINSKI CFO 9204264800 2021-01-11 true MICHELLE L WEBER P00556798 4142898200 2021-01-07 2019 2022-09-23 18:48:47Z Brian Wierzbinski 3000 Poberezny Road Oshkosh WI 54902 17942624 false X www.eaa.org/eaa/support-eaa/give X 1962 WI TO SUPPORT AND ADVANCE THE EDUCATIONAL MISSION OF EAA, INC. THROUGH THE SOLICITATION OF CONTRIBUTIONS. TO INVEST FUNDS AND USE THE EARNINGS TO SUPPORT THE MISSION OF EAA, INC. 6 5 4 75 16405 12725 2622646 9769291 1009703 1009703 2008992 1273890 790 -700796 5642131 11352088 1962611 3811045 0 0 299049 707817 0 44819 944468 1686570 1908050 3948230 6471731 1693901 4880357 47665886 52327894 689706 452870 46976180 51875024 X EAA AVIATION FOUNDATION (EAA FOUNDATION) IS ORGANIZED AND OPERATED IN ORDER TO SUPPORT THE EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. (EAA), A SEPARATE 501(C)(3) ORGANIZATION. THE ORGANIZATION, THROUGH THE CONDUCT OF ITS ACTIVITIES, RECEIVES, HOLDS, AND INVESTS FUNDS AND USES THE PRINCIPAL OR EARNINGS THEREFROM FOR THE BENEFIT OF EAA AND ALSO HOLDS TITLE TO CERTAIN ASSETS INCLUDING THE ORGANIZATION'S HEADQUARTERS, OTHER BUILDINGS, AND THE AVIATION MUSEUM COLLECTION. THE ORGANIZATION IS COMPENSATED UNDER A LEASE CONTRACT WITH EAA FOR THE USE OF THESE FACILITIES AND OTHER ASSETS. false false 3811045 3811045 0 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. 873919 0 1009703 LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. 104165 0 0 Museum collection acquisition and preservation 4789129 true true false false false false true false true true true false true true true false true false false true false false true true false false true false true false false false false false false false false true true false false false true false false false true X 4 0 true 4 true true true false false false false true true false false false true false false false X 6 5 false false false false false false true true true false false true true true true true true false false false WI X X BRIAN WIERZBINSKI 9204264800 3000 POBEREZNY ROAD Oshkosh WI 54902 Jack Pelton President 15.0 35.0 X X 143642 335165 77510 Brian Wierzbinski Executive VP, CFO 7.5 42.5 X 48118 272664 54361 Ken Strmiska Asst Sec./VP Donor Stewardship 40.0 0.0 X 201308 39522 21454 Tony Wihlm Director, Finance 7.5 42.5 X 20755 117612 28964 Stuart Auerbach Vice President - thru 10/19 10.0 10.0 X X 0 0 0 Louis Andrew Secretary/Treasurer 10.0 0.0 X X 0 0 0 Eric Gurley Vice president - as of 11/19 10.0 0.0 X X 0 0 0 Charles Ahearn Trustee 10.0 0.0 X 0 0 0 Peter Burgher Trustee 10.0 0.0 X 0 0 0 Lou Seno Trustee - as of 10/19 10.0 0.0 X 0 0 0 413823 764963 182289 2 false true false TUDY BART LLC 925 E WELLS STREET MILWAUKEE WI 53202 CATERING 112131 1 2360601 7408690 1643435 9769291 RENT INCOME FROM AFFILIATED ORGANIZATION 531120 1009703 1009703 1009703 884175 16405 867770 0 6320 6320 0 0 0 6090461 5700746 389715 389715 389715 170625 2360601 889790 -719165 -719165 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 12000 12000 PURCHASE DISCOUNTS 900099 49 49 12049 11352088 1009703 16405 556689 3811045 3811045 0 0 0 480779 189968 290811 0 156422 15642 140780 18381 3793 14588 29848 29848 22387 5654 16733 0 11617 11617 30780 30780 0 44819 44819 84370 84370 186943 104165 34040 48738 92763 92763 131882 1698 130184 0 0 70620 50352 20268 24836 3745 21091 0 3033 3033 0 0 351229 52685 298544 27559 27559 ADMINISTRATIVE FEES 781819 770882 10937 CREDIT CARD DISCOUNTS 34000 34000 PROGRAM EXECUTION SUPPLIES 32961 32961 PUBLIC RELATIONS 26782 26782 16856 -481 17337 6471731 4789129 738134 944468 500000 329585 0 0 0 216203 10172 13073 0 0 0 0 0 0 0 0 4955 155852 14425832 10128098 4335149 4297734 27718664 31213459 5668261 5704167 0 0 0 0 9428685 10397821 47665886 52327894 530661 306944 0 0 0 0 0 0 0 0 0 0 0 0 0 0 159045 145926 689706 452870 X 26186227 27226350 20789953 24648674 46976180 51875024 47665886 52327894 X 4880357 -144102 162589 X false true X true false X 328839 896283 661333 2622646 9769291 14278392 0 0 328839 896283 661333 2622646 9769291 14278392 4386814 9891578 566605 635681 663563 933075 874090 3673014 21411 7326 8767 201 12725 50430 0 0 1022 0 12049 13071 18014907 5219140 0.54908 0.29010 X SCHEDULE A, PART II - UNUSUAL GRANT 2016 $ 2,009,698 2017 $ 1,800,032 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1116168 10215968 X X X false 31104557 489360 1047970 1553249 31088638 31427463 1506498 900835 2730239 31104557 27720883 3432710 2793861 2519991 31427463 20977154 2892084 2572163 1229715 25211686 22597057 346784 -742264 1224423 20977154 0.36843 0.60085 0.03072 true false 351456 351456 13390140 9832791 3557349 584236 295307 288929 100000 100000 4297734 BENE. INTEREST: PERPETUAL TRST 3127941 F BENE. INTEREST: SPLIT AGRMNTS 198951 F LAGERS LLC 34805 F HEDGE FUND 2342470 F 5704167 MUSEUM DISPLAYS AND LIBRARY 10215968 CASH SURR. VALUE - LIFE INS. 149584 CAPITAL ADDITION PROJECTS 23800 INTEREST RECEIVABLE 8469 10397821 0 GIFT/ANNUITY PROGRAM RESERVE 145926 145926 X 11912836 -144102 16500 526140 398538 11514298 84370 -246580 -162210 11352088 7013992 16500 610131 626631 6387361 84370 84370 6471731 COLLECTIONS OF ARTS AND HISTORICAL TREASURES EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 THE EAA AVIATION Foundation, INC. along with the EAA Aviation Museum, maintains a collection of historic aircraft, artifacts, and archival materials related to the history of aviation with an emphasis on recreational aviation. The collection includes APPROXIMATELY 230 aircraft, approximately 17,000 artifacts, 20,000 BOOKS AND PERIODICALS, 750,000 PHOTOGRAPHS AND 8,500 HOURS OF FILM AND VIDEO. The Foundation loans the collection to EAA and EAA makes these collections available to the general public through on-site exhibits in the public museum, educational programming, a research library, and web-based content that attracts millions of visits each year. Through its collections, EAA explores and celebrates aviation's past and the Spirit of Aviation to encourage learning, discovery, and engagement with aviation. INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE INTENDED USES OF EAA FOUNDATION'S ENDOWMENT FUNDS ARE TO PROVIDE SUPPORT TO EAA FOR GENERAL OPERATIONS, SCHOLARSHIPS, INTERNSHIPS, YOUNG EAGLES PROGRAM, OTHER YOUTH EDUCATION PROGRAMS, FLIGHT SAFETY PROGRAMS, SUPPORT OF WOMEN IN AVIATION, AND AVIATION MUSEUM COLLECTIONS. ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 THE ASSOCIATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS"), DATED NOVEMBER 3, 1993, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE IRS, DATED OCTOBER 30, 1964, STATING THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC. THE ASSOCIATION AND FOUNDATION PAY UNRELATED BUSINESS INCOME TAX ON CERTAIN OF ITS ACTIVITIES, WHICH ARE DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE, THE ASSOCIATION AND THE FOUNDATION RECOGNIZE THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE ASSOCIATION AND THE FOUNDATION APPLIED THE UNCERTAIN TAX POSITION GUIDANCE TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF FEBRUARY 29, 2020 AND FEBRUARY 28, 2019. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAX THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED FEBRUARY 29, 2020 AND FEBRUARY 28, 2019. On December 20, 2019, tax reform legislation commonly known as the Taxpayer Certainly and Disaster Tax Relief Act was passed, resulting in modifications to existing tax law, particularly repealing the Federal taxation of transportation fringe benefits on exempt employers. While there were no material effects on the consolidated financial statements as a result of the Act, management is still evaluating the ongoing impact of the Act on the Association and the Foundation. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CHANGE IN BENEFICIAL INTEREST: SPLIT INTEREST AGREEMENTS ($51,003) FUNDRAISING DIRECT EXPENSES $610,131 CHANGE IN CASH SURRENDER VALUE: LIFE INSURANCE ($32,988) --------- TOTAL $526,140 SCHEDULE D, PART XI, LINE 4B AUCTION ITEMS EXCESS CONTRIBUTIONS $33,079 GIFTS IN KIND REPORTED FOR TAX ($279,659) --------- TOTAL ($246,580) RECONCILIATION OF EXPENSE SCHEDULE D, PART XII, LINE 2D FUNDRAISING DIRECT EXPENSES $610,131 Central America and the Caribbean Investments 2342470 2342470 2342470 false false true false true false Part IV: Foreign Forms While the filing organization does have ownership of a foreign fund, the ownership percentage is below the filing thresholds and no capital was invested into the foreign fund during the tax year. X X X true Goal Busters LLC 555 N Pinecliff DrIVE Flagstaff AZ 86001 Appeal MGMT false 139578 44819 94759 139578 44819 94759 GOE AUCTION 2469681 2299056 170625 279659 57130 193628 8280 339632 Online Auctions 61545 61545 11461 0 2531226 2360601 170625 279659 57130 193628 8280 351093 889790 -719165 true EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(c)(3) 3771076 GRANT - SEE FORM 990 PART III, LINE 4A EAA VINTAGE AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54901 237240830 501(c)(3) 35469 GRANT - SEE FORM 990 PART III, LINE 4A 2 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 IN JANUARY OF EACH YEAR, THE FOUNDATION AVERAGES ITS LAST THREE YEARS OF INVESTMENT BALANCES AS OF DECEMBER 31st. 4% OF THE THREE YEAR AVERAGES IS TRANSFERRED TO EAA. THIS CALCULATION AND PAST YEAR TRANSFERS ARE REVIEWED AND APPROVED BY THE FOUNDATION BOARD OF TRUSTEES. THE FUNDS TRANSFERRED TO EAA ARE USED TO SUPPORT SCHOLARSHIPS OR SPECIFIC PROGRAMS IF THE ORIGINAL DONOR SO SPECIFIED. FOR AMOUNTS NOT RESTRICTED TO A SPECIFIC PURPOSE, THE FUNDS ARE USED TO SUPPORT EAA'S GENERAL OPERATING EXPENSES. IF EAA WERE TO CEASE TO EXIST OR SUBSTANTIALLY CHANGE FUNCTIONALLY, A SIMILAR NOT-FOR-PROFIT ORGANIZATION WOULD BE SOUGHT TO RECEIVE FUNDING. X false false false false true false true false false Jack Pelton President 143448 334711 0 0 194 454 15795 36854 7458 17403 166895 389422 0 0 Brian Wierzbinski Executive VP, CFO 38453 217898 9665 54766 0 0 5131 29078 3023 17129 56272 318871 0 0 Tony Wihlm Director, Finance 20155 114212 600 3400 0 0 1803 10220 2541 14400 25099 142232 0 0 Ken Strmiska Asst Sec./VP Donor Stewardship 201308 0 0 39522 0 0 11494 0 9960 0 222762 39522 0 0 SOCIAL CLUB DUES SCEDULE J, PART I, LINE 1A THE ORGANIZATION PROVIDES AN EAA EMPLOYEES FLYING CLUB MEMBERSHIP FOR THE FOLLOWING EMPLOYEE: JACK PELTON. THE AMOUNT TREATED AS TAXABLE COMPENSATION IS INCLUDED ON SCHEDULE J, PART II. PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT SCHEDULE J, PART I, LINE 3 EAA, A RELATED PARTY, USES COMPENSATION SURVEYS / STUDIES AND RECEIVES APPROVAL BY THE BOARD OF TRUSTEES FOR REIMBURSEMENT OF PRESIDENT'S COMPENSATION. COMPENSATION CONTINGENT ON REVENUES OF THE ORGANIZATION SCHEDULE J, PART I, LINE 5B ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES IS GROSS OPERATING REVENUE. COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION SCHEDULE J, PART I, LINE 6B ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES IS NET OPERATING INCOME. X 40 FMV X 3 43500 FMV X 16 247568 FMV X 1 1072668 FMV X AUCTION ITEMS 92 279659 fmv 2 false true true THIRD PARTIES AND NONCASH CONTRIBUTIONS SCHEDULE M, LINE 32A EAA FOUNDATION MAY USE A THIRD PARTY TO LIQUIDATE NONCASH CONTRIBUTIONS UNLESS THEY ARE USED DIRECTLY FOR THE BENEFIT OF EAA. BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES FORM 990, PART I, LINE 1 TO SUPPORT AND ADVANCE THE EDUCATIONAL MISSION OF EAA, INC. THROUGH THE SOLICITATION OF CONTRIBUTIONS. TO INVEST OR HOLD FUNDS AND USE EARNINGS OR PRINCIPAL TO SUPPORT THE MISSION OF EAA, INC. NUMBER OF EMPLOYEES ON FORM W-3 FORM 990, PART V, LINE 2A THE NUMBER OF EMPLOYEES ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE EAA IS THE COMMON PAYMASTER FOR SOME EAA FOUNDATION EMPLOYEES, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR EAA FOUNDATION. CLASS OR CLASSES OF PERSONS WITH CERTAIN APPROVAL RIGHTS FORM 990, PART VI, LINE 7B EAA FOUNDATION'S BOARD MEMBER NOMINEES ARE APPROVED BY THE EAA BOARD. EAA IS A RELATED TAX-EXEMPT ORGANIZATION. PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 FORM 990, PART VI, LINE 11 THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM AND REVIEWED BY ORGANIZATION MANAGEMENT. A DRAFT COPY OF THE RETURN WAS SENT ELECTRONICALLY TO THE EAA FOUNDATION BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. A FINAL COPY WAS SENT TO THE BOARD OF TRUSTEES BEFORE THE FILING DEADLINE OF JANUARY 15TH. ORGANIZATION'S PRACTICES FOR MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IN-HOUSE LEGAL COUNSEL REVIEWS ALL FORMS. ANY DISCLOSURES NOTED ARE BROUGHT TO THE ATTENTION OF THE BOARD OF TRUSTEES TO REVIEW. PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT FORM 990, PART VI, LINES 15A & 15B EAA Foundation relies on EAA to facilitate compensation of shared employees and officers. EAA is reimbursed for the Foundation's proportionate share of expenses based on time spent and is included in EAA Foundation's administrative fee expense. ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC FORM 990, PART VI, LINES 18 & 19 THE 2020 FISCAL YEAR FORM 990 WILL BE POSTED TO THE ORGANIZATION'S WEBSITE, WWW.EAA.ORG, UPON THE FILING OF THE RETURN WITH THE IRS. THE ANNUAL AUDITED FINANCIAL STATEMENT IS AVAILABLE ON EAA'S WEBSITE WWW.EAA.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST, EITHER IN HARD COPY OR ELECTRONIC FORM, WHICHEVER IS REQUESTED. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN BENEFICIAL INTEREST: SPLIT INTEREST AGREEMENTS ($51,003) CHANGE IN CASH SURRENDER VALUE: LIFE INSURANCE ($32,988) AUCTION ITEMS EXCESS CONTRIBUTIONS ($33,079) NONCASH CONTRIBUTIONS NOT REPORTED ON BOOKS $279,659 ---------- TOTAL $162,589 EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 Poberezny Road OSHKOSH WI 54902 390917537 AVIATION WI 501(c)(3) 10 NA false false true true false false false false false false true false true true false false true true false false