Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1961.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
20 people listed on the 990; $744K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mike Adamson | $294,000 | $308,540 | $285,680 | $283,520 | $227,520 |
| Debra McFarland | $260,240 | $251,540 | $244,890 | $236,550 | $237,438 |
| Richard Peri | $226,700 | $219,360 | $213,740 | $205,760 | $200,760 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Advances the science of aircraft electronics through research and education.
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Issue monthly magazine to approximately 10,000 individuals and organizations in the field of aircraft electronics.
Provide membership with information on government regulations affecting the aircraft electronics industry.
Conduct trade shows on aircraft electronics.
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By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.6M | $1.7M |
| InvestmentsLn 11–13 | $4.4M | $5.1M |
| Land, buildings, equipmentLn 10c | $2.0M | $1.9M |
| Total assetsLn 16 | $8.5M | $9.0M |
| LiabilitiesLn 26 | $563K | $629K |
| Net assetsLn 32 | $8.0M | $8.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $793K | |||
| Other salaries and wagesLn 7 | $614K | |||
| Pension plan contributionsLn 8 | $41K | |||
| Other employee benefitsLn 9 | $14K | |||
| Payroll taxesLn 10 | $86K | |||
| Legal feesLn 11b | $3K | |||
| Accounting feesLn 11c | $21K | |||
| Investment management feesLn 11f | $24K | |||
| Advertising and promotionLn 12 | $65K | |||
| Office expensesLn 13 | $57K | |||
| Information technologyLn 14 | $3K | |||
| OccupancyLn 16 | $60K | |||
| TravelLn 17 | $117K | |||
| Conferences, conventions and meetingsLn 19 | $530K | |||
| Depreciation, depletion and amortizationLn 22 | $69K | |||
| InsuranceLn 23 | $17K | |||
| Other expenses (24a–d)Ln 24 | $404K | |||
| All other expensesLn 24e | $42K | |||
| Total functional expensesLn 25 | $3.0M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $3.9M | $3.5M | $363K | $8.9M | 990 PDF |
| FY2023 | $3.7M | $3.5M | $231K | $8.6M | 990 PDF |
| FY2022 Viewing | $3.4M | $3.0M | $392K | $8.3M | 990 PDF |
| FY2021 | $3.3M | $2.8M | $545K | $8.0M | 990 PDF |
| FY2020 | $2.0M | $2.2M | −$186K | $7.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,350,882 across 5 lines filed
Part IX · Statement of functional expenses $2,959,071 across 18 lines filed
Part X · Balance sheet $8,975,642 assets, 12 lines filed
Part XI · Reconciliation of net assets $8,346,530 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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