2019-01-10T10:59:05-06:00 2018-02-28 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2017-03-01 391033301 EAA Aviation Foundation Inc % BRIAN WIERZBINSKI EAAA 9204264800 PO Box 3086 Oshkosh WI 549033086 BRIAN WIERZBINSKI CFO 9204264800 2019-01-09 true Michelle L Weber P00556798 4142898200 209.220.64.52 39529020190105000000 2019-01-10 P DBB5A1BB300CE7347E9A562499B28AD7099757F8 DBB5A1BB300CE7347E9A562499B28AD7099757F8 2017 2019-02-21 02:37:17Z Brian Wierzbinski 3000 Poberezny Road Oshkosh WI 54902 7404431 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 12865 8767 2905981 2461365 1009703 1009703 722192 1010044 13798 13965 4651674 4495077 1000553 1027443 0 0 0 311435 0 0 546352 1617201 1614138 2617754 2953016 2033920 1542061 43421507 46307306 1050173 494347 42371334 45812959 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 1027443 1027443 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. 158166 0 1009703 LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. 1185609 true true false false false false true false true true true false true true true false true false false false 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 3 0 true 1 true true true false false false false false false false false true 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 119702 279307 42356 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 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 Brian Wierzbinski EXECUTIVE VICE PRESIDENT, CFO 10.0 40.0 X 0 294861 52166 Sean Elliott Asst Secretary - thru 10/2017 10.0 40.0 X 0 201995 52184 Tony Wihlm Controller 10.0 40.0 X 0 126564 31638 Ken Strmiska Asst Secretary - as of 4/2017 40.0 10.0 X 136286 0 5137 255988 902727 183481 2 false true false 0 2461365 143000 2461365 RENT INCOME FROM AFFILIATED ORGANIZATION 531120 1009703 1009703 1009703 663485 12865 650620 0 12943 12943 0 0 0 3255913 0 2909034 320 346879 -320 346559 346559 0 0 0 0 0 0 0 0 0 UBI TAX REFUND 900099 941 941 MISCELLANEOUS 900099 81 81 1022 4495077 1009703 12865 1011144 1027443 1027443 0 0 0 311435 311435 0 0 0 0 0 0 3355 3291 64 26733 26733 0 0 81248 81248 19987 380 19607 10977 10977 5743 5743 0 0 68686 10303 58383 0 0 0 0 0 393059 47167 345892 19579 19579 ADMINISTRATIVE FEES 948820 100696 374114 474010 LIFE INS PREMIUM EXP-INVEST 21277 21277 ANNUITY PROGRAM BENEFIT PYMT 9686 9686 DEVELOPMENT PROGRAM BENEFITS 4870 4870 118 118 2953016 1185609 1221055 546352 0 0 0 0 0 0 8666 9418 0 0 0 0 0 0 0 0 9920 8675 17631731 12474818 5550293 5156913 26433100 29422247 3314635 3488120 0 0 0 0 8104893 8221933 43421507 46307306 879163 333925 0 0 0 0 0 0 0 0 0 0 0 0 0 0 171010 160422 1050173 494347 X 24760669 25522741 1770394 2408824 15840271 17881394 42371334 45812959 43421507 46307306 X 1542061 1736430 163134 X false true X false false X 1064895 385041 328839 896283 661333 3336391 0 0 1064895 385041 328839 896283 661333 3336391 1024776 2311615 585919 579812 566605 635681 663563 3031580 8646 11095 21411 7326 8767 57245 0 1250 0 0 1022 2272 6427488 5048515 0.35964 0.36894 X SCHEDULE A, PART II - UNUSUAL GRANT 2016 $ 2,009,698 2017 $ 1,800,032 8003309 X X X false 25211686 2422066 2425688 1181552 28877888 20977154 2892084 2572163 1229715 25211686 22597057 346784 -742264 1224423 20977154 22173412 389300 1175013 1140668 0 22597057 20121193 892324 2442105 1282210 0 22173412 0.33981 0.61921 0.04099 true false 351456 351456 14401197 9914811 4486386 1053836 767612 286224 22066 22066 0 1803176 1770329 32847 5156913 BENE. INTEREST: PERPETUAL TRST 3234819 F BENE. INTEREST: SPLIT AGRMNTS 214840 F LAGERS LLC 38461 F 3488120 MUSEUM DISPLAYS AND LIBRARY 8003309 CASH SURR. VALUE - LIFE INS. 208938 INTEREST RECEIVABLE 9686 8221933 0 GIFT/ANNUITY PROGRAM RESERVE 160422 160422 X 6292116 1736430 163134 1899564 4392552 102525 102525 4495077 2850491 2850491 102525 102525 2953016 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 290 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, 2018 AND 2017. 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, 2018 AND 2017. 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. There were no material effects on the consolidated financial statements as a result of the Act. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CHANGE IN BENEFICIAL INTEREST: SPLIT INTEREST AGREEMENTS $163,134 true EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 1027443 0 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 119208 278153 0 0 494 1154 5678 13248 7029 16401 132409 308956 0 0 Brian Wierzbinski EXECUTIVE VICE PRESIDENT, CFO 0 239860 0 54132 0 869 0 27272 0 24894 0 347027 0 0 Sean Elliott Asst Secretary - thru 10/2017 0 169438 0 30707 0 1850 0 19417 0 32767 0 254179 0 0 Tony Wihlm Controller 0 125564 0 1000 0 0 0 10584 0 21054 0 158202 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 RELATED 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 RELATED 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 4 137693 Fair Market Value X 1 5307 fair market value 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 FOM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE EXPERIMENTAL AIRCRAFT ASSOCIATION (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 2018 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 $163,134 EXPERIMENTAL AIRCRAFT ASSOCIATION INC PO BOX 3086 OSHKOSH WI 54903 390917537 AVIATION WI 501(c)(3) 10 NA false false true false false false false false false false true false true true false false true true false false