International Aerospace Quality Group

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To protect and develop the International interests of the aviation, space and defense industries through the implementation of Quality management system. Fees and all other revenue will be used to further the purpose of the iaqg. The iaqg comprises aviation, space, and defense companies, divided into three geographic sectors: (1) the americas, (2) europe, and (3) asia-pacific. The mission of the iaqg is to implement Quality initiatives that make improvements throughout the value stream of products and services. The iaqg: - promotes Quality culture; - establishes and maintains Quality management system standards and certification system, recognized by International normalization bodies and regulatory and governmental agencies; - collects and offers best practices and processes; - promotes cooperation between International aviation, space and defence companies; and - maintains relationships with regulatory and governmental agencies and other industry stakeholders.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 700 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $132K a year · 4% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$79K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
17.7 mo
of spending, in cash
17.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.7M
66% of total assets
Liabilities are 66% of assets.
Pt X · Ln 26
Independent board members
28
of 29 voting members
28 of 29 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.2M
+10% vs prior year
Spent
$4.4M
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$4.2M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$3.6M
FY2022$3.7M
FY2023$3.8M
FY2024$4.2M
Expenses
$4.4M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$3.1M
FY2022$3.3M
FY2023$4.2M
FY2024$4.4M
Net assets
$3.5M
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.9M
FY2022$3.9M
FY2023$3.7M
FY2024$3.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

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

Who runs it and what they're paid

29 people listed on the 990; $79K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$79,356Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Alex Valderrey’s $79K as Treasurer is at the 10th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Alex Valderrey$79,356$68,850$39,300

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.

See International Aerospace Quality Group executive salaries →

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

Improves quality management systems for aviation, space, and defense industries globally.

Questions for International Aerospace Quality Group

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Your first name shows with your question. International Aerospace Quality Group answers here, for everyone.

1 program · in their own filed words · FY2024
01

Iaqg sponsors the online aerospace supplier information system (oasis), a comprehensive database in which suppliers obtain certification from approximately 80 accredited certification bodies worldwide.

Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$224K
Money outPt IX
$4.4M
Ln 25
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$10.3M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$224K
Gains on assetsLn 7−$74K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$6.4M
Cash and savings togetherLn 1–2$6.4M
Accounts receivableLn 4$1.1M
Prepaid expenses and deferred chargesLn 9$47K
InvestmentsLn 11–13$2.7M
Total assetsLn 16$10.3M
LiabilitiesLn 26$6.7M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6700
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$5.6M$6.4M
InvestmentsLn 11–13$2.7M$2.7M
Total assetsLn 16$9.5M$10.3M
LiabilitiesLn 26$5.7M$6.7M
Net assetsLn 32$3.7M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$79K
Legal feesLn 11b$80K
Accounting feesLn 11c$181K
Investment management feesLn 11f$29K
Other fees for servicesLn 11g$1.5M
Office expensesLn 13$69K
Information technologyLn 14$1.2M
TravelLn 17$399K
Conferences, conventions and meetingsLn 19$696K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$151K
All other expensesLn 24e$3K
Total functional expensesLn 25$4.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 13, 2025 $4.2M$4.4M−$201K$3.5M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $3.8M$4.2M−$401K$3.7M 990 PDF
FY2022Filed with the IRS Aug 1, 2023 $3.7M$3.3M$398K$3.9M 990 PDF
FY2021Filed with the IRS Aug 23, 2022 $3.6M$3.1M$478K$3.9M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $3.2M$2.8M$385K$3.5M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $4,157,918 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,761,786$3,933,944
I-10 Investment incomePrior year $31,188$223,974
I-11 Other revenuePrior year $1,263$0
I-12 Total revenuePrior year $3,794,237$4,157,918
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $68,850$79,356
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,126,541$4,279,573
I-18 Total expensesPrior year $4,195,391$4,358,929
I-19 Revenue less expensesPrior year −$401,154−$201,011
Part VI · Governance 28 of 29 board members independent, 4 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members28
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $4,157,918 across 4 lines filed
Lines not itemized here account for $15,425 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,918,519$3,918,519
VIII-3 Investment incomeExcluded from tax $298,271$298,271
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$74,297−$74,297
VIII-12 Total revenueRelated to mission $3,933,944 · Unrelated business $0 · Excluded from tax $223,974$4,157,918
Part IX · Statement of functional expenses $4,358,929 across 12 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$79,356
IX-11b Legal fees$80,045
IX-11c Accounting fees$180,948
IX-11f Investment management fees$28,887
IX-11g Other fees for services$1,468,217
IX-13 Office expenses$69,126
IX-14 Information technology$1,188,261
IX-17 Travel$399,169
IX-19 Conferences, conventions and meetings$696,217
IX-23 Insurance$14,137
IX-24 Other expenses (24a–d)$151,245
IX-24e All other expenses$3,321
IX-25 Total functional expenses$4,358,929
Part X · Balance sheet $10,279,312 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,613,770$6,433,083
X-4 Accounts receivableStart of year $1,077,632$1,068,768
X-9 Prepaid expenses and deferred chargesStart of year $56,751$47,368
X-11 Publicly traded securitiesStart of year $2,706,886$2,730,093
X-16 Total assetsStart of year $9,455,039$10,279,312
X-17 Accounts payable and accrued expensesStart of year $325,701$296,290
X-19 Deferred revenueStart of year $5,384,749$6,439,444
X-26 Total liabilitiesStart of year $5,710,450$6,735,734
X-27 Net assets without donor restrictionsStart of year $3,744,589$3,543,578
X-32 Total net assets or fund balancesStart of year $3,744,589$3,543,578
X-33 Total liabilities and net assetsStart of year $9,455,039$10,279,312
Part XI · Reconciliation of net assets $3,543,578 net assets at year end
XI-1 Total revenue$4,157,918
XI-2 Total expenses$4,358,929
XI-3 Revenue less expenses−$201,011
XI-4 Net assets at start of year$3,744,589
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,543,578

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

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