Eaa Aviation Foundation Inc
Nonprofit profile at a glance
- EIN
- 391033301
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Oshkosh, WI, USA
- Phone
- 9204264800
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- History Museums
Reported finances
- Revenue
- $13,503,529
- Expenses
- $9,224,861
- Assets
- $76,672,861
- Liabilities
- $360,623
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JACK PELTON (PRESIDENT)
- MARGARET BRILL (VICE PRESIDENT)
Highest reported compensation
- JACK PELTON (PRESIDENT): $851,092 total reported compensation
- RICK LARSEN (SECRETARY/TREASURER): $318,967 total reported compensation
- KELLY RUH (CFO/VP OF FINANCE & HR): $296,416 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Eaa aviation foundation (eaa foundation) is organized and operated in order to support the experimental aircraft association, inc. (eaa), a separate 501(c)(3) organization. The organization, through the conduct of its activities, receives, holds, and (continued on schedule o)invests funds and uses the principal or earnings therefrom for the benefit of eaa and also holds title to certain assets including the organization's headquarters, other buildings, and the aviation museum collection. The organization is compensated under a lease contract with eaa for the use of these facilities and other assets.
What it reported doing in 2024
Grant consistent with eaa foundation's primary exempt purpose to experimental aircraft association, inc. In support of the affiliated organization's general operations, scholarships, internships, young eagles program, other youth education programs, flight safety programs, support of women in aviation, and aviation museum collections. Small donations were also made to aviation entities with missions and purposes consistent with those of eaa.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 71
- Accountability: 76
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.6%; rating input score 64
- Program expense ratio: 75.1%; rating input score 75
- Fundraising efficiency: $7.7 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 14th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.7%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 8.31; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 17.4% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 13.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 63.6% of revenue deployed · 75.1% of spending went to programs
- Governance: 6 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.9M in reported program spending
- Leadership: top reported pay $851K · 10 people listed · 0 of 6 pay-setting controls reported
- Consistency: 41 of 41 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.