Aero Club of New England

What it reported doing in 2024

The aero club of new england (acone) is a club that focuses on aviation safety seminars, aviation scholarships, and flight training while sharing the social aspect with those who have a passion for flight. Members include active pilots, former pilots, and non-pilots who love to learn more about aviation.our ranks range from the obscure to the legendary. Many past and present members have significantly contributed to aviation and are considered new england's aviation legends.the godfrey l. Cabot award, established in 1952, honors and perpetuates the name of one of the founders and long-term presidents of the aero club. Cabot award recipients will be individuals or teams who were the first in their field and who changed the course of aviation and/or history as inventors of types of aircraft, propulsion systems, or significant aviation technology; who have conducted significant "first flights or pioneered significant new routes inflight or into space; or were pioneers or inventors in aviation training or tactics.the aero club's scholarship program awards dozens of scholarships worth 10s of thousands of dollars annually. The aero club has awarded over $700,000 in scholarships to nearly 450 women, men, and students. Our scholarships are for pilot training, as well as for students interested in maintenance technologies for aircraft and powerplants, and aviation management. Member donations and scholarship fundraisers help fund the scholarships. Many of our scholarship winners have gone on to help grow the aviation industry by being hired by airlines and private aviation companies.

Financial Efficiency

• Mission deployment rate: 53.7%; rating input score 54
• Program expense ratio: 82.9%; rating input score 83
• Fundraising efficiency: $40.56 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 1 of 7 controls in place; rating input score 14
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 44.1%; rating input score 89; 89th percentile among comparable filings
• Total-asset coverage ratio: 9.25; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
• Revenue growth: 7.4% per year; rating input score 100; 64th percentile among comparable filings
• Asset growth: 4.8% per year; rating input score 100; 46th percentile among comparable filings