2015-11-30T14:17:00-06:00 2015-02-28 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2014-03-01 391033301 EAA Aviation Foundation Inc % BRIAN WIERZBINSKI EAAA 9204264800 PO Box 3086 Oshkosh WI 549033086 BRIAN WIERZBINSKI EXECUTIVE VP 9204264800 2015-11-23 true Daniel V Romano P00504182 4142898200 2014 2016-03-07 17:11:31Z Brian Wierzbinski 3000 Poberezny Road Oshkosh WI 54902 4568177 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 6 0 6 15091 11095 1064895 385041 1009703 1009703 583535 909064 18861 19390 2676994 2323198 1087119 909551 0 0 0 0 0 0 418406 1627644 1618960 2714763 2528511 -37769 -205313 40620585 40832926 604479 750491 40016106 40082435 X EAA AVIATION 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 909551 909551 GRANT CONSISTENT WITH EAA AVIATION 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. 160385 1009703 LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. 1069936 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 false true false false false true false false false true 0 0 0 true true false false false false false false false false true false X 6 6 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 30.0 X X 0 0 0 Stuart Auerbach Vice President 10.0 10.0 X X 0 0 0 John Vette Secretary/Treasurer 10.0 0.0 X X 0 0 0 Jon Jacobs Trustee 10.0 0.0 X 0 0 0 Thomas W Wathen Trustee Thru October 2014 10.0 0.0 X 0 0 0 Charles Ahearn Trustee 10.0 0.0 X 0 0 0 Louis Andrew Trustee as of October 2014 10.0 0.0 X 0 0 0 Brian Wierzbinski Executive VP 10.0 40.0 X 0 293546 47580 Sean Elliott Assistant Secretary 10.0 40.0 X 0 173032 44545 Tony Wihlm Controller 10.0 40.0 X 0 126387 29238 0 592965 121363 0 false true false 0 38978 346063 16955 385041 RENT INCOME FROM AFFILIATED ORGANIZATION 531120 1009703 1009703 1009703 576763 15091 561672 0 18140 18140 0 0 0 2486428 90852 2166480 78499 319948 12353 332301 332301 0 0 0 MISCELLANEOUS REVENUE 900099 1250 1250 1250 2323198 1009703 15091 913363 909551 909551 0 0 0 0 0 0 0 0 0 0 95 95 20321 20321 0 0 0 103413 103413 583 583 3161 3161 0 0 61518 9228 52290 0 0 3498 3498 0 0 420510 50461 370049 17269 17269 ADMINISTRATIVE FEES 924333 100696 580155 243482 LIFE INS PREMIUM EXP- INVESTM. 38819 38819 DEVELOPMENT PROGRAM BENEFITS 17431 17431 ANNUITY PROGRAM BENEFIT PYMT 4481 4481 3528 85 3443 2528511 1069936 1040169 418406 0 0 0 0 24177 0 0 7555 0 0 0 0 0 0 0 0 20036 19338 17793082 11465068 6257424 6328014 22726878 22902129 3225560 3372144 0 0 0 0 8366510 8203746 40620585 40832926 421590 574798 0 0 0 0 0 0 0 0 0 0 0 0 0 0 182889 175693 604479 750491 X 25025040 24856857 1645239 1672297 13345827 13553281 40016106 40082435 40620585 40832926 X -205313 123101 148541 X false true X false false X 845838 986421 444513 1064895 385041 3726708 0 0 845838 986421 444513 1064895 385041 3726708 882915 2843793 451292 531881 520902 585919 579812 2669806 10191 8646 11095 29932 1250 1250 6427696 5039518 0.44243 0.48794 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15131 7848416 X X X false 22173412 389300 1175013 1140668 0 22597057 20121193 892324 2442105 1282210 0 22173412 19762633 313412 1175838 1130690 0 20121193 19700872 729469 52014 1175608 -455886 19762633 17287079 865661 3698881 1026613 1124136 19700872 0.38116 0.59978 0.01905 true false 351456 351456 14396760 8815018 5581742 1037928 714517 323411 24170 24170 0 1982768 1911363 71405 6328014 LAGERS LLC 15582 F BENE. INTEREST: PERPETUAL TRST 3133005 F BENE. INTEREST: SPLIT AGRMNTS 223557 F 3372144 MUSEUM DISPLAYS AND LIBRARY 7848416 CASH SURR. VALUE - LIFE INS. 314237 INTEREST RECEIVABLE 16133 CAPITAL ADDITION IN PROGRESS 24960 8203746 0 GIFT/ANNUITY PROGRAM RESERVE 175693 175693 X 2453708 123101 46228 169329 2284379 38819 38819 2323198 2387379 2387379 38819 102313 141132 2528511 COLLECTIONS OF ART 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 THE 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 IN EXCESS OF 10 MILLION VISITS PER YEAR. INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS Schedule D, Part V, Line 4 THE INTENDED USES OF EAA AVIATION FOUNDATION, INC.'S ENDOWMENT FUNDS ARE TO PROVIDE SUPPORT TO THE EXPERIMENTAL AIRCRAFT ASSOCIATION INC. 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 percent 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, 2015 and 2014. As of February 28, 2015, the statute of limitations is no longer open for years before 2012 for federal income tax purposes. For state income tax purposes, the statute of limitations is no longer open for years before 2011. 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, 2015 and 2014. Reconciliation of Revenue SCHEDULE D, PART XI, LINE 2d Outside Services ($102,313) Change in Beneficial Interest: split Interests 148,541 Total $46,228 Reconciliation of Expenses SCHEDULE D, PART XII, LINE 4B OUTSIDE SERVICES $102,313 true EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 909551 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 31. 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 Brian Wierzbinski Executive VP 0 254806 0 38740 0 0 0 0 0 26124 0 319670 0 0 Sean Elliott Assistant Secretary 0 151683 0 21349 0 0 0 0 0 33028 0 206060 0 0 Tony Wihlm Controller 0 124887 0 1500 0 0 0 0 0 21619 0 148006 0 0 Process for Determining Compensation of Top Management Schedule J, Part I, Line 3 EAA Aviation Foundation, Inc. does not pay any compensation; however, Experimental Aircraft Association, Inc., a related party, does pay compensation. Experimental Aircraft Association, Inc. 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 1 15131 FAIR MARKET VALUE false true true THIRD PARTIES AND NONCASH CONTRIBUTIONS SCHEDULE M, LINE 32A EAA Foundation, Inc. may use a third-party to liquidate non-cash contributions unless they are used directly for the benefit of EAA. INDEPENDENCE OF VOTING MEMBERS OF THE GOVERNING BODY Form 990, Part VI, Line 4 EAA AVIATION FOUNDATION, INC. REPORTS 6 OF 6 VOTING MEMBERS (AS OF THE LAST DAY OF THE FISCAL YEAR) TO BE INDEPENDENT. CLASS OR CLASSES OF PERSONS WITH CERTAIN APPROVAL RIGHTS Form 990, Part VI, Line 7b THE EAA AVIATION FOUNDATION'S BOARD MEMBER NOMINEES ARE APPROVED BY THE EXPERIMENTAL AIRCRAFT ASSOCIATION'S BOARD. THE EXPERIMENTAL AIRCRAFT ASSOCIATION 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 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, Line 15a-b THE EAA AVIATION FOUNDATION DOES NOT COMPENSATE ITS TRUSTEES NOR DOES IT HAVE ANY EMPLOYEES. THE DAY-TO-DAY MANAGEMENT OF THE FOUNDATION IS HANDLED BY THE EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. (EAA) AND ITS EMPLOYEES. EAA IS REIMBURSED FOR THE FOUNDATION'S PROPORTIONATE SHARE OF EXPENSES BASED ON TIME SPENT AND IS INCLUDED IN THE FOUNDATION'S ADMINISTRATIVE FEE EXPENSE. ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC Form 990, Part VI, Lines 18 & 19 THE 2015 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 $148,541 EXPERIMENTAL AIRCRAFT ASSOCIATION INC PO BOX 3086 OSHKOSH WI 54903 390917537 AVIATION WI 501(c)(3) 09 NA false false true true false false false false false false true false true true false false true true false false