International Aerobatic Club Inc

“Organization's members international aerobatic club, inc. ("iac") is a group of members who support safety and promote understanding of aerobatics through education and competition on a national and international level.”

“Member rights international aerobatic club, inc. Members may vote directly to elect the majority of board members.”

“Approval rights any substantial distribution of assets, change of purpose or alteration to governing documents must be approved by the membership. Form 990, part vi, section b, line 10b: statement concerning local chapter, affiliate, or branch activities international aerobatic club, inc. Has designated "chapters" but such chapters do not meet the definition of "chapters" within the meaning provided by form 990 instructions. International aerobatic club, inc. Does not have legal authority to exercise supervision and control over the affairs of the affiliated chapters. Accordingly, the organization has answered form 990, part vi, line 10a "no".”

“Process the organization uses to review form 990 the filing organization utilizes an independent accounting firm to complete the form 990 and related schedules. A draft copy of the form 990 was sent electronically to the international aerobatic club, inc. Board for their review. A final copy of the form 990 was distributed to the board prior to filing with the irs.”

“Organization's policy regarding conflict of interest policy all officers, directors, and key employees are required to sign the organization's conflict of interest policy. Any disclosures noted are reviewed by the executive director to determine if the subject matter of disclosure is deemed to be a conflict of interest. If so, the matter is referred to the president and board of directors.”

“Organization's policy regarding making certain documents public international aerobatic club, inc. Makes its documents available to the public upon request.”

“Compensation of executive director experimental aircraft association, inc. In its capacity as common paymaster compensated tim dahnke for services rendered to international aerobatic club, inc. As executive director.”

“Number of employees on form w-3 the number of employees on form w-3 is the total employee count for the filing organization. While experimental aircraft association, inc. Is the common paymaster for international aerobatic club, inc., the number of employees only includes the employee count for international aerobatic club, inc.”

“Publication editorial: program service expenses 33,881. Total expenses 33,881. Photo/video services: program service expenses 12,616. Total expenses 12,616. Administrative fee: program service expenses 10,584. Management and general expenses 29,965. Total expenses 40,549. Others: program service expenses 26,789. Total expenses 26,789.”