Eaa Chapter 292 EIN 91-1787074

Eaa Chapter 292

EIN  91-1787074 Public charity (501(c)(3)) Independence, OR
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Size
<$100K
What they do
a nonprofit
Leadership
Richard Harrison · President
Money in and out
$67K revenue, $56K expenses
Bottom line
80% program efficiency

Eaa Chapter 292 is a nonprofit based in Independence, OR. For fiscal year 2025 it reported $67K in revenue, $56K in expenses, and $556K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$556K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $11K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs▲ +116% vs prior filing year
Operating runway
82.7mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▼ -72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$67K
FY2025▼ -24%
Expenses
$56K
FY2025▲ +49%
Total assets
$578K
FY2025▼ -7%
Total liabilities
$22K
FY2025▲ +5%
Total revenue
$67K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$556K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$578K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $50K of program spending, described in the organization's own filed words · FY2025.
01

"Wings over Willamette" Public Aircraft Exhibit. This annual event highlights educational opportunities and careers in aviation and related fields, as well as engineering and science.

$28Kprogram expense
02

Youth Scholarship Program. EAA Chapter 292 provides scholarships for young people earning their pilot certificates and advanced ratings.

$21Kprogram expense
03

Flight Training Simulator Center. This facility provides a low-cost and zero-risk training environment for student pilots, as well as recurrent training for experienced pilots. This facility is available for our scholarship recipients to use free of charge. Members who are experienced pilots may use this facility for a nominal charge.

$978program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEaa Chapter 292
EINHdr · item D91-1787074
Principal addressHdr · item CIndependence, OR
WebsiteHdr · item Jwww.eaa292.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFDec 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Eaa Chapter 292 executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$36K · 53%
Contributions & grants$17K · 26%
Investment income$9K · 14%
Other revenue$5K · 7%
Program service revenue53%$36K
Contributions & grants26%$17K
Investment income14%$9K
Other revenue7%$5K
Total revenueLn 12$67K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$45K
Management & general20%$11K
Total functional expensesLn 25$56K

Balance Sheet

Part X · end of year
CashLn 1$387K
Total assetsLn 16$578K
Total liabilitiesLn 26$22K
Total net assetsLn 32$556K
Months of cash on handcomputed82.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $387K · Operating expenses/yr $56K
82.7 months
Where the money goes
Program services
Program services $45K · Total expenses $56K
80%
Management & General
Management & general $11K · Total expenses $56K
20%
Fundraising
Fundraising $0 · Total expenses $56K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $16K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $67K
26%
Government reliance
Government grants $0 · Total revenue $67K
0%
Earned-income share
Program service revenue $36K · Total revenue $67K
53%
Investment reliance
Investment income $9K · Total revenue $67K
+14%
Program self-sufficiency
Program service revenue $36K · Total expenses $56K
64%
Growth & trend
Revenue growth (YoY)
This year $67K · Prior year $88K
-24%
Revenue CAGR
FY2019 $207K · FY2025 $67K
-17%
Net-asset trend (YoY)
End of year $556K · Beginning of year $551K
+0.8%
Balance sheet
Surplus Margin
Revenue $67K · Expenses $56K
+16%
Liabilities-to-Assets
Total liabilities $22K · Total assets $578K
4%
Net-asset ratio
Net assets $556K · Total assets $578K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $578K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Harrison · Reported title President · Highest reported compensation $0 · Total expenses $56K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $56K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth -24%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $33K · 2024–2025
Unitemized GrantFY2025$21,307
Unitemized GrantFY2024$11,436

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$67K revenue · viewing · ⤓ 990 PDF
FY2024$88K revenue · ⤓ 990 PDF
FY2023$364K revenue · ⤓ 990 PDF
FY2022$70K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$121K revenue · ⤓ 990 PDF
FY2019$207K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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