Aircraft Electronics Association Educational Foundation

Tax-deductible

Lees Summit, MO501(c)(3)EducationEIN 43-1548269

To promote and secure the future of aviation by furthering the education of students, technicians and others as determined by aviation industry needs.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $16K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
+8% vs prior year
Spent
$280K
To programs
94%
Net assets
$746K
By yearFY2020–FY2024
Revenue
$244K
FY2024▲ +8%
Revenue by fiscal year
FY2020$186K
FY2021$228K
FY2022$246K
FY2023$225K
FY2024$244K
Expenses
$280K
FY2024▲ +19%
Expenses by fiscal year
FY2020$161K
FY2021$209K
FY2022$162K
FY2023$236K
FY2024$280K
Net assets
$746K
FY2024▼ -5%
Net assets by fiscal year
FY2020$690K
FY2021$709K
FY2022$793K
FY2023$782K
FY2024$746K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $263K Management & general 6% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary/Tr
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
See Aircraft Electronics Association Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates students and technicians to advance aviation's future.

Provided by the organization

This section is blank until Aircraft Electronics Association Educational Foundation claims this page.

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2 program services account for $263K of program spending, described in the organization's own filed words · FY2024.
01

Expenses related to training individuals about aircraft electronics.

$218Kprogram expense
02

Awarded scholarships to 22 students in avionics.

$45Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Fees for servicesLn 2g$168K
Other incomeLn 4–11$35K
Gifts and grantsLn 1h$21K
Money outPt IX
$280K
Ln 25
Programscol B$263K
Managementcol C$17K
Owns and owesPt X
$746K
net assets · Ln 32
Cash and savingsLn 1–2$729K
Total assetsLn 16$746K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Fees for servicesLn 2g$168K
Investment incomeLn 3$20K
Other incomeLn 4–11$35K
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$657K
Cash and savings togetherLn 1–2$729K
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$2K
Total assetsLn 16$746K
LiabilitiesLn 26$0
Net assetsLn 32$746K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$720K$729K
Land, buildings, equipmentLn 10c$11K$15K
Total assetsLn 16$787K$746K
LiabilitiesLn 26$5K$0
Net assetsLn 32$782K$746K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$79K$79K
Advertising and promotionLn 12$1K$1K
OccupancyLn 16$20K$20K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$116K$116K
All other expensesLn 24e$56K$43K$13K
Total functional expensesLn 25$280K$263K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $244K$280K−$36K$746K 990 PDF
FY2023 $225K$236K−$11K$782K 990 PDF
FY2022 $246K$162K$84K$793K 990 PDF
FY2021 $228K$209K$19K$709K 990 PDF
FY2020 $186K$161K$25K$690K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $243,699 across 7 lines filed
VIII-1f All other contributions, gifts and grants$20,780
VIII-1h Total contributions, gifts and grants$20,780
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,327$168,327
VIII-3 Investment incomeExcluded from tax $19,641$19,641
VIII-8 Net income from fundraising eventsExcluded from tax $34,921$34,921
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30$30
VIII-12 Total revenueRelated to mission $168,357 · Excluded from tax $54,562$243,699
Part IX · Statement of functional expenses $279,963 across 8 lines filed
IX-11c Accounting feesManagement $3,725$3,725
IX-11g Other fees for servicesPrograms $79,294$79,294
IX-12 Advertising and promotionPrograms $1,185$1,185
IX-16 OccupancyPrograms $20,016$20,016
IX-17 TravelPrograms $2,115$2,115
IX-22 Depreciation, depletion and amortizationPrograms $2,307$2,307
IX-24 Other expenses (24a–d)Programs $115,543$115,543
IX-24e All other expensesPrograms $42,642 · Management $13,136$55,778
IX-25 Total functional expensesPrograms $263,102 · Management $16,861 · Fundraising $0$279,963
Part X · Balance sheet $745,588 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $48,220$71,929
X-2 Savings and temporary cash investmentsStart of year $671,993$657,039
X-10c Land, buildings and equipment, netStart of year $10,580$14,942
X-15 Other assetsStart of year $55,914$1,678
X-16 Total assetsStart of year $786,707$745,588
X-26 Total liabilitiesStart of year $4,855$0
X-27 Net assets without donor restrictionsStart of year $781,852$745,588
X-32 Total net assets or fund balancesStart of year $781,852$745,588
X-33 Total liabilities and net assetsStart of year $786,707$745,588
Part XI · Reconciliation of net assets $745,588 net assets at year end
XI-1 Total revenue$243,699
XI-2 Total expenses$279,963
XI-3 Revenue less expenses−$36,264
XI-4 Net assets at start of year$781,852
XI-10 Net assets at end of year$745,588

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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