2013-01-15T11:11:17-06:00 2012-02-29 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2011-03-01 391033301 EAA Aviation Foundation Inc % BRIAN WIERZBINSKI EAAA 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 2525978 false X WWW.EAA.ORG/SUPPORT X 1962 WI RECEIVE, HOLD, AND INVEST FUNDS AND USE THE EARNINGS THEREFROM FOR THE SUPPORT OF EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. THE FOUNDATION ALSO HOLDS TITLE TO AND LEASES CERTAIN PROPERTY USED BY EAA. 7 6 0 7 0 845838 986421 1006704 1006704 412373 448490 28818 14814 2293733 2456429 1046404 1035026 0 0 0 0 0 0 579183 1601406 1812997 2647810 2848023 -354077 -391594 38491103 37811798 484673 684908 38006430 37126890 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 1035026 1035026 0 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. 162988 0 1006704 LEASE OF OFFICE SPACE TO AN AFFILIATED EXEMPT ORGANIZATION, EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. 1198014 true true false false false false true false true true false 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 false true 0 0 0 false false false false false false false false false true false X 7 6 false false false false false false true true true false false true true true true true true false false false WI X BRIAN WIERZBINSKI 9204264812 3000 POBEREZNY ROAD OSHKOSH WI 54902 X Stuart Auerbach 10.0 X 0 0 0 Richard W Hansen 10.0 X X 0 0 0 Jon Jacobs 10.0 X 0 0 0 Thomas W Wathen 10.0 X 0 0 0 Thomas P Poberezny 10.0 X X 0 445431 18996 Rodney Hightower 10.0 X X 0 462607 20208 John Vette 10.0 X X 0 0 0 James C Ray 10.0 X 0 0 0 0 908038 39204 0 false true false 0 986421 271766 986421 RENT INCOME FROM AFFILIATED ORGANIZATION 531120 1006704 1006704 1006704 517067 517067 0 14814 14814 972 0 0 69549 972 -69549 -68577 -68577 0 0 0 0 2456429 1006704 463304 1035026 1035026 0 0 0 0 0 0 0 0 0 0 2137 2048 89 31995 31995 0 0 0 39888 39888 1876 1876 1991 1991 0 0 59065 8860 50205 246 246 0 0 0 0 445268 53432 391836 13578 13578 ADMINISTRATIVE FEES 1161100 100696 580155 480249 DEVEL. PROGRAM BENEFITS 21599 21599 ANNUITY PROGRAM BENEFIT PAYM. 13567 13567 LIFE INS PREMIUM EXP-INVESTM. 8828 8828 11859 1009 10850 2848023 1198014 1070826 579183 1915 0 19765 0 4715 64541 700 46037 0 0 0 0 0 0 0 0 24210 15567 17401096 10310620 7535744 7090476 22949129 22424998 0 0 0 0 0 0 7954925 8170179 38491103 37811798 267188 469333 0 0 0 0 0 0 0 0 0 0 0 0 0 0 217485 215575 484673 684908 X 24514081 23188555 1259580 1133241 12232769 12805094 38006430 37126890 38491103 37811798 X -391594 -487946 X false true true X false X 1476124 1003053 555577 845838 986421 4867013 1476124 1003053 555577 845838 986421 4867013 1136429 3730584 804110 632363 397674 451292 531881 2817320 7684333 5033520 0.48548 0.44677 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 271766 7803183 X X X false 19700872 729469 52014 1175608 -455886 19762633 17287079 865661 3698881 1026613 1124136 19700872 31220689 541452 4949115 1039710 18384467 17287079 39689254 1003131 -7554866 1174523 742307 31220689 0.34809 0.64794 0.00396 false true true 351456 351456 13971202 7801364 6169838 1037928 669303 368625 24170 24170 0 2016340 1815783 200557 7090476 MUSEUM DISPLAYS AND LIBRARY 7803183 CASH SURR. VALUE - LIFE INS. 353535 INTEREST RECEIVABLE 13461 8170179 0 GIFT/ANNUITY PROGRAM RESERVE 215575 215575 2456429 2848023 -391594 -487937 -9 -487946 -879540 1947914 -487937 -487937 2435851 8828 11750 20578 2456429 2827454 2827454 8828 11741 20569 2848023 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. OTHER CHANGES IN NET ASSETS SCHEDULE D, PART XI, LINE 8 ROUNDING ($9) Reconciliation of Revenue per Audited Fin Stmts with Revenue per Return SCHEDULE D, PART XII, LINE 4b CHANGE IN CASH SURRENDER VALUE $11,750 Reconciliation of Expenses per Audited Fin Stmts with Expenses per Return SCHEDULE D, PART XIII, LINE 4B CHANGE IN CASH SURRENDER VALUE $11,750 ROUNDING (9) --------- TOTAL $11,741 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, Question 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 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. true EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(c)(3) 1035026 GRANT-SEE FORM 990, PART III, LINE 4A. 1 0 Monitoring Use of Grant Funds Schedule I, Part I, Line 1 IN JANUARY OF EACH YEAR, THE FOUNDATION AVERAGES ITS LAST THREE YEARS OF INVESTMENT BALANCES AS OF DECEMBER 31. 5% OF THE THREE YEAR AVERAGES IS TRANSFERRED TO THE EAA. THIS CALCULATION AND PAST YEAR TRANSFERS IS 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 THE EAA WERE TO CEASE TO EXIST OR SUBSTANTIALLY CHANGE FUNCTIONALLY, A SIMILAR NOT-FOR-PROFIT ORGANIZATION WOULD BE SOUGHT TO PROVIDE FUNDING FOR. false false false false true false true false false Thomas P Poberezny 0 206068 0 73435 0 165928 0 0 0 18996 0 464427 0 0 Rodney Hightower 0 346672 0 43575 0 72360 0 0 0 20208 0 482815 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 President 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 president and key employees is net operating income. X 4 271766 EXPERT APPRAISALS false true true THIRD PARTIES AND NONCASH CONTRIBUTIONS SCHEDULE M, LINE 32A EAA AVIATION FOUNDATION, INC. USES A THIRD PARTY TO LIQUIDATE NON-CASH CONTRIBUTIONS. Independence of voting members of the governing body form 990, part i, line 4 EAA AVIATION FOUNDATION, INC. REPORTS 6 OF THE 7 VOTING MEMBERS TO BE INDEPENDENT. RODNEY HIGHTOWER IS NOT INDEPENDENT AS HE SERVES ON THE BOARD FOR BOTH EAA AVIATION FOUNDATION, INC. AND EXPERIMENTAL AIRCRAFT ASSOCIATION. RODNEY IS INDIRECTLY COMPENSATED THROUGH SALARY REIMBURSEMENT BY EXPERIMENTAL AIRCRAFT ASSOCIATION. 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 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 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-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 THEIR EXPENSES AS INDICATED BY THE FOUNDATION'S ADMINISTRATIVE FEE EXPENSE. SEE SCHEDULE O RESPONSE TO FORM 990, PART VI, LINE 3. ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC FORM 990, PART VI, LINE 19 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 5 Unrealized loss ($487,937) Rounding ($9) Total ($487,946) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Stuart Auerbach TITLE:Trustee HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Richard W Hansen TITLE:Vice President HOURS:10 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Thomas P Poberezny TITLE:President until 8/2011 HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Rodney Hightower TITLE:President HOURS:40 EXPERIMENTAL AIRCRAFT ASSOCIATION INC po box 3086 oshkosh WI 54903 390917537 AVIATION WI 501(C)(3) 9 na false false true false false false false false false true false true true false false true true false false