2018-01-09T09:42:10-06:00 2017-02-28 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2016-03-01 391033301 EAA Aviation Foundation Inc % BRIAN WIERZBINSKI EAAA 9204264800 PO Box 3086 Oshkosh WI 549033086 BRIAN WIERZBINSKI cfo 9204264800 2018-01-08 true Daniel V Romano P00504182 4142898200 2018-01-05 209.220.64.52 39529020180095000002 2018-01-09 P DBB5A1BB300CE7347E9A562499B28AD7099757F8 CB08D785F62ADE9BABB832FE1B8C2D8F2D70060D 2016 2021-01-29 14:40:06Z Brian Wierzbinski 3000 Poberezny Road Oshkosh WI 54902 4890259 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 0 6 12222 7326 328839 2905981 1009703 1009703 912824 722192 17945 13798 2269311 4651674 1013034 1000553 0 0 0 0 0 0 298312 1611264 1617201 2624298 2617754 -354987 2033920 37961307 43421507 1092724 1050173 36868583 42371334 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 1000553 1000553 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. 160555 1009703 LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. 1161108 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 1 0 true 0 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 9204264812 3000 POBEREZNY ROAD Oshkosh WI 54902 Jack Pelton President 10.0 40.0 X X 0 398438 25834 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 306776 53415 Sean Elliott Assistant Secretary 10.0 40.0 X 0 200307 52328 Tony Wihlm Controller 10.0 40.0 X 0 140228 32077 0 1045749 163654 0 false true false 0 15761 2890220 27698 2905981 RENT INCOME FROM AFFILIATED ORGANIZATION 531120 1009703 1009703 1009703 634105 12222 621883 0 13798 13798 0 0 0 326672 238585 88087 88087 88087 0 0 0 0 0 0 0 0 0 0 4651674 1009703 12222 723768 1000553 1000553 0 0 0 0 0 0 0 0 0 0 8865 8791 74 18340 18340 0 0 101397 101397 12657 380 12277 429 429 2198 2198 0 0 72348 10852 61496 1087 1087 0 0 0 0 408390 49007 359383 18699 18699 ADMINISTRATIVE FEES 924333 100696 580155 243482 LIFE INS PREMIUM EXP- INVESTM. 19326 19326 ANNUITY PROGRAM BENEFIT PYMT 9636 9636 UBI TAX 4531 4531 14965 5162 9803 2617754 1161108 1158334 298312 0 0 0 0 0 0 7910 8666 0 0 0 0 0 0 0 0 7075 9920 17846495 12296202 5958682 5550293 20841990 26433100 3026433 3314635 0 0 0 0 8119217 8104893 37961307 43421507 920323 879163 0 0 0 0 0 0 0 0 0 0 0 0 0 0 172401 171010 1092724 1050173 X 22397343 24760669 1164254 1770394 13306986 15840271 36868583 42371334 37961307 43421507 X 2033920 3195562 273269 X false true X false false X 444513 1064895 385041 328839 896283 3119571 0 0 444513 1064895 385041 328839 896283 3119571 880682 2238889 520902 585919 579812 566605 635681 2888919 10191 8646 11095 21411 7326 58669 0 0 1250 0 0 1250 6068409 5045516 0.36894 0.39334 X Schedule A, Part II - Unusual Grant 2016 $2,009,698 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7865616 X X X false 20977154 2892084 2572163 1229715 25211686 22597057 346784 -742264 1224423 20977154 22173412 389300 1175013 1140668 0 22597057 20121193 892324 2442105 1282210 0 22173412 19762633 313412 1175838 1130690 0 20121193 0.35046 0.62829 0.02125 true false 351456 351456 14422367 9558499 4863868 1037928 744659 293269 24170 24170 2010574 1968874 41700 5550293 BENE. INTEREST: PERPETUAL TRST 3078551 F BENE. INTEREST: SPLIT AGRMNTS 207973 F LAGERS LLC 28111 F 3314635 MUSEUM DISPLAYS AND LIBRARY 7865616 CASH SURR. VALUE - LIFE INS. 230215 INTEREST RECEIVABLE 9062 8104893 0 GIFT/ANNUITY PROGRAM RESERVE 171010 171010 X 7999319 3195562 273269 3468831 4530488 19789 101397 121186 4651674 2496568 2496568 19789 101397 121186 2617754 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 200 AIRPLANES, 400 ENGINES, 20,000 OTHER ARTIFACTS, 20,000 BOOKS AND PERIODICALS, 1.2 MILLION PHOTOGRAPHS AND 6,000 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, 2017 AND FEBRUARY 29, 2016. AS OF FEBRUARY 28, 2017, THE STATUTE OF LIMITATIONS IS NO LONGER OPEN FOR FISCAL YEARS BEFORE FEBRUARY 28, 2014, FOR FEDERAL INCOME TAX PURPOSES. FOR STATE INCOME TAX PURPOSES, THE STATUTE OF LIMITATIONS IS NO LONGER OPEN FOR FISCAL YEARS BEFORE FEBRUARY 28, 2013. 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, 2017 AND FEBRUARY 29, 2016. RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2d CHANGE IN BENEFICIAL INTEREST: SPLIT INTEREST AGREEMENTS $273,269 RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 4B OUTSIDE SERVICES $101,397 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 4B OUTSIDE SERVICES $101,397 true EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 1000553 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, EAA FOUNDATION AVERAGES ITS LAST THREE YEARS OF INVESTMENT BALANCES AS OF DECEMBER 31. 4% OF THE THREE YEAR AVERAGES IS TRANSFERRED TO EAA. THIS CALCULATION AND PAST YEAR TRANSFERS ARE REVIEWED AND APPROVED BY THE EAA 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 0 398438 0 0 0 0 0 0 0 25834 0 424272 0 0 Brian Wierzbinski EXECUTIVE VICE PRESIDENT, CFO 0 251324 0 55452 0 0 0 27272 0 26143 0 360191 0 0 Sean Elliott Assistant Secretary 0 168331 0 31976 0 0 0 19098 0 33230 0 252635 0 0 Tony Wihlm Controller 0 137728 0 2500 0 0 0 10375 0 21702 0 172305 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 2 9698 Fair Market Value X 1 18000 Fair Market Value false true true THIRD PARTIES AND NONCASH CONTRIBUTIONS SCHEDULE M, LINE 32A EAA FOUNDATION MAY USE A THIRD PARTY TO LIQUIDATE NON-CASH CONTRIBUTIONS UNLESS THEY ARE USED DIRECTLY FOR THE BENEFIT OF EAA. 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 EXPERIMENTAL AIRCRAFT ASSOCIATION'S (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 2017 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 $273,269 EXPERIMENTAL AIRCRAFT ASSOCIATION INC PO BOX 3086 OSHKOSH WI 54903 390917537 AVIATION WI 501(c)(3) 10 NA false false true true false false false false false true false true true false false true true false false