2020-01-13T10:45:24-06:00 2019-02-28 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2018-03-01 391033301 EAA Aviation Foundation Inc % BRIAN WIERZBINSKI EAAA 9204264800 3000 Poberezny Road Oshkosh WI 54902 BRIAN WIERZBINSKI CFO 9204264800 2020-01-10 true Michelle L Weber P00556798 4142898200 65.229.29.128 39529020200135000000 2020-01-13 P FD8E822DEDD6220F2AA223DA2C981BB5BE17BEC7 6098D55FF0E7CCF9C3E403A7CE8C578524A243B8 2018 2020-09-22 18:59:49Z X Brian Wierzbinski 3000 Poberezny Road Oshkosh WI 54902 12426478 false X www.eaa.org/support X 1962 WI RECEIVE, HOLD, AND INVEST FUNDS AND USE THE EARNINGS THEREFROM FOR THE SUPPORT OF EAA, INC. THE FOUNDATION ALSO HOLDS TITLE TO AND LEASES CERTAIN PROPERTY USED BY EAA. 6 5 1 6 3335 201 2461365 2622646 1009703 1009703 1010044 2008992 13965 790 4495077 5642131 1027443 1962611 0 0 311435 299049 0 0 539424 1614138 1686570 2953016 3948230 1542061 1693901 46307306 47665886 494347 689706 45812959 46976180 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 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 1962611 1962611 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. 186995 0 1009703 LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. 40390 0 0 Museum collection preservation; including digitalization of the film collection. 2189996 true true false false false false true false true true true false true true true false true false false true false false false false false false true false true false false false false false false false false true true false false false true false false false true X 2 0 true 1 true true true false false false false false 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 10.0 40.0 X X 132615 309433 70191 Stuart Auerbach Vice President 10.0 10.0 X X 0 0 0 Louis Andrew Secretary/Treasurer 10.0 0.0 X X 0 0 0 Jon Jacobs Trustee - thru 10/2018 10.0 0.0 X 0 0 0 Eric Gurley Trustee 10.0 0.0 X 0 0 0 Charles Ahearn Trustee 10.0 0.0 X 0 0 0 Peter Burgher Trustee - as of 10/2018 10.0 0.0 X 0 0 0 Brian Wierzbinski Executive Vice President, CFO 10.0 40.0 X 0 299842 55875 Tony Wihlm Director, Finance 10.0 40.0 X 0 142362 31991 Ken Strmiska Assistant Secretary 40.0 10.0 X 227132 0 10637 359747 751637 168694 2 false true false 0 1219253 1403393 638137 2622646 RENT INCOME FROM AFFILIATED ORGANIZATION 531120 1009703 1009703 1009703 935620 3335 932285 0 790 790 0 0 0 7857719 0 6728137 56210 1129582 -56210 1073372 1073372 0 0 0 0 0 0 0 0 0 0 5642131 1009703 3335 2006447 1962611 1962611 0 0 0 299049 299049 0 0 0 0 0 0 29003 29003 24783 24783 0 0 85137 85137 45790 40390 425 4975 17043 17043 10016 10016 0 0 67933 10190 57743 0 0 0 0 0 396875 59531 337344 19774 19774 ADMINISTRATIVE FEES 980425 117274 365552 497599 ANNUITY PROGRAM BENEFIT PYMT 9791 9791 3948230 2189996 1218810 539424 0 500000 0 0 0 0 9418 10172 0 0 0 0 0 0 0 0 8675 4955 14173108 9837959 5156913 4335149 29422247 27718664 3488120 5668261 0 0 0 0 8221933 9428685 46307306 47665886 333925 530661 0 0 0 0 0 0 0 0 0 0 0 0 0 0 160422 159045 494347 689706 X 25620294 26186227 2311271 0 17881394 20789953 45812959 46976180 46307306 47665886 X 1693901 -1075804 545124 X false true X true false X 385041 328839 896283 661333 2622646 4894142 0 0 385041 328839 896283 661333 2622646 4894142 2479356 2414786 579812 566605 635681 663563 933075 3378736 11095 21411 7326 8767 201 48800 1250 0 0 1022 0 2272 8323950 5048515 0.29010 0.35964 X SCHEDULE A, PART II - UNUSUAL GRANT 2016 $ 2,009,698 2017 $ 1,800,032 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 534938 9187800 X X X false 31427463 1506498 900835 2730239 31104557 27720883 3432710 2793861 2519991 31427463 20977154 2892084 2572163 1229715 25211686 22597057 346784 -742264 1224423 20977154 22173412 389300 1175013 1140668 0 22597057 0.37022 0.59834 0.03145 true false 351456 351456 13189235 9439409 3749826 515144 281277 233867 117273 117273 0 4335149 BENE. INTEREST: PERPETUAL TRST 3175295 F BENE. INTEREST: SPLIT AGRMNTS 202600 F LAGERS LLC 32076 F HEDGE FUND 2258290 F 5668261 MUSEUM DISPLAYS AND LIBRARY 9187800 CASH SURR. VALUE - LIFE INS. 182572 CAPITAL ADDITION PROJECTS 43000 INTEREST RECEIVABLE 15313 9428685 0 GIFT/ANNUITY PROGRAM RESERVE 159045 159045 X 4220079 -1075804 -134745 -1210549 5430628 111503 100000 211503 5642131 3056858 26365 26365 3030493 111503 806234 917737 3948230 COLLECTIONS OF ARTS AND HISTORICAL TREASURES EXEMPT PURPOSE SCHEDULE D, PART III, LINE 4 EAA FOUNDATION, TOGETHER WITH EAA, MAINTAINS A COLLECTION OF HISTORIC ARTIFACTS AND ARCHIVAL MATERIALS RELATED TO THE HISTORY OF RECREATIONAL AVIATION - NUMBERING APPROXIMATELY 300 AIRPLANES, 300 ENGINES, 20,000 OTHER ARTIFACTS, 20,000 BOOKS AND PERIODICALS, 750,000 PHOTOGRAPHS AND 8,500 HOURS OF FILM AND VIDEO. THOSE COLLECTIONS ARE LOANED TO EAA TO BE USED FOR EDUCATIONAL PURPOSES, THROUGH THE EXHIBITS AND PROGRAMS OF A WORLD-RENOWNED AVIATION MUSEUM OPEN TO THE GENERAL PUBLIC, THROUGH A PUBLIC RESEARCH LIBRARY, AND THROUGH A SERIES OF WEBSITES THAT ATTRACT MILLIONS OF VISITS EACH YEAR. 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 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 28, 2019 AND 2018. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAX THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED FEBRUARY 28, 2019 AND 2018. On December 22, 2017, tax reform legislation commonly known as the Tax Cuts and Jobs Act of 2017 (the Act) was passed; resulting in significant modifications to existing tax law. 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 ($71,763) GRANT EXPENSE FROM DONATION OF FIXED ASSET ($62,982) -------- TOTAL ($134,745) SCHEDULE D, PART XI, LINE 4B CONTRIBUTED ASSETS FROM RELATED ENTITY $100,000 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D CHANGE IN CASH SURRENDER VALUE: LIFE INSURANCE $26,365 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 4B GRANT EXPENSE FROM DONATION OF FIXED ASSET $62,982 CONTRIBUTED ASSETS TO RELATED ENTITY $743,252 -------- TOTAL $806,234 Central America and the Caribbean Investments 2258000 2258000 2258000 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. true EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(c)(3) 1156377 GRANT - SEE FORM 990, PART III, LINE 4A EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(c)(3) 0 62982 NET BOOK VALUE AIRCRAFT GRANT - SEE FORM 990, PART III, LINE 4A EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 315998 NET BOOK VALUE BUILDING ASSETS GRANT - SEE FORM 990, PART III, LINE 4A EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 31562 NET BOOK VALUE LAND IMPROVEMENTS GRANT - SEE FORM 990, PART III, LINE 4A EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 21118 NET BOOK VALUE FURNITURE / FIXTURES GRANT - SEE FORM 990, PART III, LINE 4A EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 374574 NET BOOK VALUE AIRCRAFT GRANT - SEE FORM 990, PART III, LINE 4A 1 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. false false false false true false true false false Jack Pelton President 132478 309114 0 0 137 319 14398 33594 6660 15539 153673 358566 0 0 Brian Wierzbinski Executive Vice President, CFO 0 248484 0 51358 0 0 0 31722 0 24153 0 355717 0 0 Tony Wihlm Director, Finance 0 137362 0 5000 0 0 0 11669 0 20322 0 174353 0 0 Ken Strmiska Assistant Secretary 195452 0 31680 0 0 0 0 0 10637 0 237769 0 0 0 PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT SCHEDULE J, PART I, LINE 3 EAA FOUNDATION DOES NOT PAY ANY COMPENSATION; HOWEVER, EAA, A RELATED PARTY, DOES PAY COMPENSATION. EAA USES COMPENSATION SURVEYS / STUDIES AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. 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 3 100000 NET BOOK VALUE X 1 3199 FMV X 3 534938 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. 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 EAA FOUNDATION, 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 AUDIT COMMITTEE TO REVIEW. PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT FORM 990, PART VI, LINES 15A & 15B EAA FOUNDATION DOES NOT COMPENSATE ITS TRUSTEES NOR DOES IT HAVE ANY EMPLOYEES. THE DAY-TO-DAY MANAGEMENT OF EAA FOUNDATION IS HANDLED BY EAA AND ITS EMPLOYEES. 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 2019 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 ($71,763) CHANGE IN CASH SURRENDER VALUE: LIFE INSURANCE ($26,365) CONTRIBUTED ASSETS FROM RELATED ENTITY ($100,000) CONTRIBUTED ASSETS TO RELATED ENTITY $743,252 ---------- TOTAL $545,124 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