2013-01-15T11:11:17-06:00 2012-02-29 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2011-03-01 390917537 Experimental Aircraft Association Inc % BRIAN WIERZBINSKI EXPE 9204264800 PO BOX 3086 Oshkosh WI 549033086 Brian Wierzbinski 2013-01-15 true Daniel Romano 4142898200 2011 2016-02-25 16:41:14Z Brian Wierzbinski 3000 POBEREZNY ROAD OSHKOSH WI 54902 35995492 false X WWW.EAA.ORG X 1955 WI EAA is dedicated to growing aviation through participation and education. We strive to deliver educational offerings and activities which guide new participants and reduce barriers to participation. 35 33 855 6000 2004680 10089256 8175946 22251163 21596864 42017 142422 2305954 3037027 34688390 32952259 315622 152666 0 0 12732818 13183209 0 0 798442 22098456 19318917 35146896 32654792 -458506 297467 37022419 36942983 20497519 19967233 16524900 16975750 X EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IS DEDICATED TO GROWING AVIATION THROUGH PARTICIPATION AND EDUCATION. WE STRIVE TO DELIVER EDUCATIONAL OFFERINGS AND ACTIVITIES WHICH GUIDE NEW PARTICIPANTS AND REDUCE BARRIERS TO PARTICIPATION. EAA IGNITES AND NURTURES INTEREST BY EMBRACING THE "SPIRIT OF AVIATION" IN ALL THAT WE DO. EAA IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES. EAA COOPERATES WITH AND ASSISTS GOVERNMENTAL AGENCIES IN THE DEVELOPMENT OF PROGRAMS RELATING TO AVIATION ACTIVITIES, PROMOTES AND ENCOURAGES AVIATION SAFETY, PROMOTES AND ENCOURAGES GRASS ROOTS EFFORTS RELATING TO AVIATION RESEARCH AND DEVELOPMENT AND PROMOTES AND ENCOURAGES AVIATION THROUGH EDUCATION. false false 8722005 0 13063364 AIRVENTURE - THE WORLD'S LARGEST AVIATION EVENT IS HELD EACH YEAR IN LATE JULY. AIRVENTURE EDUCATES THOSE ATTENDING ON AVIATION AND AIRCRAFT THROUGH EXHIBITS, DEMONSTRATION AIRSHOWS, EDUCATIONAL SESSIONS, AND INTERACTIVE DISPLAYS. 4338412 0 5610093 MEMBERSHIP SERVICES - COSTS ASSOCIATED WITH PROVIDING KNOWLEDGE AND INFORMATION TO ASSIST WITH TECHNICAL QUESTIONS ON AVIATION MATTERS AND PROMOTING MEMBERSHIP IN THE ORGANIZATION. 3572955 0 1982925 PUBLICATIONS - "SPORT AVIATION" is a MONTHLY PUBLICATION ISSUED TO MEMBERS WITH A VARIETY OF EDUCATIONAL INFORMATION ON AVIATION. 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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. THESE COLLECTIONS ARE USED FOR EDUCATIONAL PURPOSES, THROUGH THE EXHIBITS AND PROGRAMS OF the WORLD-RENOWNED AIRVENTURE MUSEUM. The Museum is OPEN TO THE GENERAL PUBLIC, offers a public research library, and is accessible through a series of websites that attract over 10 million visits per year. ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740-10 SCHEDULE D, PART X AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE IN FINANCIAL ACCOUNTING STANDARDS BOARD ("fasb") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, 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 29, 2012 AND FEBRUARY 28, 2011. AS OF FEBRUARY 29, 2012 THE STATUTE OF LIMITATIONS IS NO LONGER OPEN FOR YEARS BEFORE 2009 FOR FEDERAL INCOME TAX PURPOSES. FOR STATE INCOME TAX PURPOSES, THE STATUTE OF LIMITATIONS IS NO LONGER OPEN FOR YEARS BEFORE 2008. 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, 2012 AND FEBRUARY 28, 2011. OTHER ADJUSTMENTS TO NET ASSETS FROM FORM 990 TO FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 8 Unrealized gain on interest rate swap $ 1,480 Miscellaneous adjustment 695 Total $ 2,175 REVENUES ON LINE 1 NOT FORM 990, PART VIII, LINE 12 SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD $1,858,556 FUNDRAISING DIRECT EXPENSES 804,662 GAMING DIRECT EXPENSES 321,089 UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENT 1,480 TOTAL $2,985,787 REVENUES IN FORM 990, PART VIII, LINE 12, NOT LINE 1 SCHEDULE D, PART XII, LINE 4B Marketing Service Chargeback $ 59,874 Book / Tax Differences 41,750 Total $101,624 EXPENSES IN LINE 1, NOT FORM 990, PART IX, LINE 25 SCHEDULE D, PART XIII, LINE 2D COST OF GOODS SOLD $ 1,858,556 FUNDRAISING DIRECT EXPENSES 804,662 GAMING DIRECT EXPENSES 321,089 TOTAL $ 2,984,307 EXPENSES IN FORM 990, PART IX, LINE 25, NOT LINE 1 SCHEDULE D, PART XIII, LINE 4B Marketing Service Chargeback $ 59,874 Book / tax differences 41,750 Miscellaneous adjustment 695 Total $102,319 AUCTION 2955874 2955874 317994 73349 114534 1500 234374 HOPS AND PROPS 83188 83188 1893 20658 4550 6814 2 40463 40463 8179 20817 3079525 2955874 123651 326173 75242 135192 6050 262005 804662 -681011 495054 9000 204248 107841 true 0.75000 495054 9000 204248 107841 321089 173965 WI true false true false 0.95000 0.05000 Tony Wihlm 3000 Poberezny Road Oshkosh WI 54903 false Tony Wihlm Contributions Controller and Volunteer Coordinator X false GAMING ACTIVITIES SCHEDULE G, PART III GAMING INCLUDES THE ANNUAL SWEEPSTAKES AND YOUNG EAGLES RAFFLE. PROCEEDS FROM ALL GAMING ACTIVITIES SUPPORT EAA'S MISSION TO GROW THE NEXT GENERATION OF AVIATORS. true X Educational Scholarship 115 146895 ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 STUDENT SCHOLARSHIPS ARE AWARDED BASED ON DONOR DESIGNED CRITERIA. THESE PARAMETERS COULD INCLUDE GEOGRAPHIC LOCATION, GENDER, FINANCIAL NEED OR A DIVERSITY REQUEST. THE DONOR IS NOT INVOLVED IN THE SELECTION PROCESS, AS THE SCHOLARSHIPS ARE AWARDED THROUGH AN INDEPENDENT SELECTION COMMITTEE. X X X X true true X X X false true false true false true false false false Rodney Hightower 346672 0 43575 0 72360 0 0 0 20208 0 482815 0 0 0 Thomas P Poberezny 206068 0 73435 0 165928 0 0 0 18996 0 464427 0 0 0 ADAM SMITH 163680 0 25629 0 139 0 18871 0 16680 0 224999 0 0 0 Brian Wierzbinski 202573 0 41834 0 2922 0 25370 0 20900 0 293599 0 0 0 Rick Larsen 166340 0 29050 0 2406 0 19967 0 16586 0 234349 0 0 0 Elissa Lines 155382 0 27675 0 2693 0 18750 0 19922 0 224422 0 0 0 Douglas Macnair 141086 0 500 90 11097 7667 160440 0 Sean Elliott 127906 0 6279 852 10220 20087 165344 0 INFORMATION CONCERNING CERTAIN FRINGE BENEFITS SCHEDULE J, PART I, LINE 1A The organization provides first class air travel for the President/ceo based on quality of traveling required and work requirements. First class travel was discontinued in October 2012. The organization provides reimbursement for travel for companions of persons listed in Form 990, Part VII, Section A, Line 1A. All such reimbursement is pursuant to a written policy and requires substantiation of expenditures and their business purpose prior to reimbursement. During the 2011 tax year, these reimbursements were for the spouse of the EAA president and the spouse of the eaa founder. Temporary housing WAS PROVIDED BY EAA for the President/CEO while relocating. The president / CEO was also provided reimbursement for commuting costs while relocating. These temporary benefits were included in column B(iii) - other reportable compensation. PARTICIPATION IN PAYMENT FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A THAT PARTICIPATED IN, OR RECEIVED PAYMENT FROM, A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN INCLUDE: PAUL POBEREZY AMOUNT: $ 107,110 COMPENSATION CONTINGENT ON REVENUES OF THE ORGANIZATION SCHEDULE J, PART I, LINE 5A ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE PRESIDENT AND KEY EMPLOYEES IS GROSS OPERATING REVENUE. COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION SCHEDULE J, PART I, LINE 6A ONE OF THE CATEGORIES USED TO DETERMINE INCENTIVE COMPENSATION FOR THE PRESIDENT AND KEY EMPLOYEES IS NET OPERATING INCOME. Town of Nekimi 396083771 2009-07-01 10000000 AIRVENTURE GROUNDS CAPITAL IMP false false false 0 0 10000000 0 0 0 0 0 0 7798600 0 2201400 2028 false false false true false false false false 0 true false true true Associated Bank Corp 5. false 0 false false Charles Parnell Founder's Son In Law 24344 Sales Commission false Business Transaction Schedule L, Part IV EXPERIMENTAL AIRCRAFT ASSOCIATION USES A THIRD PARTY LIQUIDATOR, CHARLES PARNELL TO SELL AND DISPOSE OF AIRCRAFT PARTS AND NON-COMMISSIONED COLLECTION ITEMS. X 1 1500 FAIR VALUE X 10 58815 Fair Market Value X DONATIONS-AUCTION 96 317994 FAIR VALUE X DONATIONS-SWEEPSTAkES 7 54900 FAIR VALUE X HOLIDAY AUCTION 18 8179 Fair Value X THERMAL CARD PRINTERS 4 12200 fair value X SPONSOR DONATIONS 7 197384 FAIR VALUE X AIRPLANE ENGINE 1 5000 FAIR VALUE X AIRPLANE PLAN SET AND MANUALS 1 5000 FAIR VALUE X Non-Airventure Sponsor donations 10 190542 FAIR VALUE 1 false true true USE OF THIRD PARTIES TO SELL NON-CASH CONTRIBUTIONS SCHEDULE M, QUESTION 32B EXPERIMENTAL AIRCRAFT ASSOCIATION USES B.C. ZIEGLER AS A BROKER FOR SECURITIES. B.C. ZIEGLER PROCESSES AND SELLS SECURITIES CONTRIBUTIONS UNDER THE DIRECTION OF EXPERIMENTAL AIRCRAFT ASSOCIATION. EXPERIMENTAL AIRCRAFT ASSOCIATION USES A THIRD PARTY LIQUIDATOR, CHARLES PARNELL TO SELL AND DISPOSE OF AIRCRAFT PARTS AND NON-COMMISSIONED COLLECTION ITEMS. Organization name form 990, line c The organization's legal name is "experimental aircraft association, inc." but is also referred to simply as "eaa". FAMILY OR BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 FAMILY RELATIONSHIP: PAUL H. POBEREZNY, FOUNDER OF THE ORGANIZATION, AND THOMAS P. POBEREZNY, FORMER PRESIDENT OF THE ORGANIZATION. FAMILY RELATIONSHIP: RICK SIGFRIED AND RAND SIGFRIED, BOTH ON THE ORGANIZATION'S BOARD OF DIRECTORS. CLASSES OF MEMBERS AND THEIR RIGHTS FORM 990, PART VI, LINE 6 EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS APPROXIMATELY 170,000 MEMBERS. ALL MEMBERS 18 YEARS OF AGE AND OLDER ARE ALLOWED TO VOTE ON LIMITED BUSINESS DECISIONS OF THE ORGANIZATION. Classes of Persons with Certain Board-Election Rights FORM 990, PART VI, LINE 7A MEMBERS OF EXPERiMeNTAL AIRCRAFT ASSOCIATION, INC. CAN VOTE DIRECTLY FOR BOARD OF DIRECTORS CANDIDATES. Classes of Persons with Certain Approval Rights FORM 990, PART VI, LINE 7B DECISIONS TO MERGE OR CONSOLIDATE WITH OTHER CORPORATIONS OR BUSINESSES AND DECISIONS TO SELL, LEASE, EXCHANGE OR OTHERWISE DISPOSE OF ALL, OR SUBSTANTIALLY ALL, OF THE PROPERTY AND ASSETS OF THE ORGANIZATION WOULD REQUIRE A VOTE OF THE MEMBERSHIP. STATEMENT CONCERNING Local Chapter, Affiliate, or Branch Activities FORM 990, PART VI, LINE 10B EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. HAS DESIGNATED "CHAPTERS" BUT SUCH CHAPTERS DO NOT MEET THE DEFINITION OF "CHAPTERS" WITHIN THE MEANING PROVIDED BY FORM 990 INSTRUCTIONS. EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. DOES NOT HAVE LEGAL AUTHORITY TO EXERCISE SUPERVISION AND CONTROL OVER THE AFFAIRS OF THE AFFILIATED CHAPTERS. ACCORDINGLY, THE ORGANIZATION HAS ANSWERED FORM 990, PART VI, LINE 10A "NO". Process the Organization Uses to Review Form 990 FORM 990, PART VI, LINE 11 THE AUDIT COMMITTEE OF THE BOARD HELD A TELECONFERENCE ON JANUARY 4, 2013 TO REVIEW A DRAFT COPY OF THE RETURN WITH MANAGEMENT AND THE INDEPENDENT TAX RETURN PREPARERS. AFTER APPROVAL BY THE AUDIT COMMITTEE, THE FORM 990 WAS UPDATED TO INCORPORATE ANY NECESSARY CHANGES AND A COPY OF THE RETURN WAS PROVIDED ELECTRONICALLY TO THE CONTROLLER TO DISTRIBUTE TO THE ENTIRE BOARD OF DIRECTORS WITH A REQUEST FOR FEEDBACK BY JANUARY 11, 2013. SUBSEQUENT TO RECEIPT OF FEEDBACK, NECESSARY CHANGES WERE MADE TO THE DRAFT FORM 990. THE FINALIZED VERSION OF FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND THEN FILED WITH THE IRS ON OR BEFORE THE January 15, 2013 EXTENDED FILING DEADLINE. 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 FOLLOWS UP WITH ANYONE WHO DOES NOT SIGN. IN-HOUSE LEGAL COUNSEL REVIEWS ALL FORMS. ANY DISCLOSURES NOTED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE TO DETERMINE IF THE SUBJECT MATTER OF DISCLOSURE IS DEEMED TO BE A CONFLICT OF INTEREST. PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT FORM 990, PART VI, LINE 15A COMPARABILITY DATA IS PRESENTED TO THE HUMAN RESOURCES COMMITTEE OF THE BOARD FOR THE PRESIDENT/CEO POSITION. THE COMMITTEE MAKES DECISIONS ABOUT THE PRESIDENT/CEO'S COMPENSATION IN CLOSED SESSION WITHOUT THE PRESENCE OF THE PRESIDENT/CEO. THIS PROCEDURE WAS LAST PERFORMED FEBRUARY 2011. Process for determining comepensation of officers and key employees form 990, part vi, line 15b Comparability data is presented to the Human Resources committee of the board for the senior team. The committee, together with the president/ceo, determines the compensation for the senior team. This procedure was last performed December, 2009. Changes to Senior Team compensation have been minimal since the last comparability data was presented. For members of the senior leadership team hired since December 2009, compensation has been determined based on employment market conditions / comparatives. Organization's Policy Regarding Making Certain Documents Public FORM 990, PART VI, LINE 19 THE ANNUAL AUDITED FINANCIAL STATEMENT IS AVAILABLE ON THE ORGANIZATION'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. Other changes in net assets or fund balances Part XI, Line 5 Unrealized Gain $151,208 Unrealized Gain on interest rate swap 1,480 Miscellaneous Adjustment 695 Total $ 153,383 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Richard W Hansen TITLE:DIRECTOR HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Rodney Hightower TITLE:President, Director HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Thomas P Poberezny TITLE:EXITING PRESIDENT (8/2011) HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Stuart Auerbach TITLE:DIRECTOR HOURS:10 EAA AVIATION FOUNDATION INC PO Box 3086 OSHKOSH WI 549033086 391033301 SUPPORT EAA WI 501(C)(3) 7 EAA true false false true false false false false false false true true false false false false false false false EAA AVIATION FOUNDATION INC c 1035026 fmv EAA AVIATION FOUNDATION INC j 1006704 fmv EAA AVIATION FOUNDATION INC k 1161100 fmv