Civic Intelligence

Aviation Information Sharing and Analysis Center Inc

990 • Fiscal year 2017 • EIN 47-1882005

Jan 01, 2017 to Dec 31, 2017 • Filed on May 29, 2018

302 Sentinel Drive No 120Annapolis Junction, MD 20701

(425) 238-1164

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.21x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.25x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

95th percentile

38%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$138,518

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

95th percentile

51%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

28%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,125,027

Up $717,657 (+51%) from 2016

Net Assets

Up

$1,673,285

Up $695,513 (+71%) from 2016

Liabilities

Up

$451,742

Up $22,144 (+5.2%) from 2016

Revenue

Up

$1,831,482

Up $399,724 (+28%) from 2016

Expenses

Up

$1,137,367

Up $373,941 (+49%) from 2016

Net Income

Up

$694,115

Up $25,783 (+3.9%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $774,921Liabilities 2015: $419,708Net Assets 2015: $355,2132015Assets 2016: $1,407,370Liabilities 2016: $429,598Net Assets 2016: $977,7722016Assets 2017: $2,125,027Liabilities 2017: $451,742Net Assets 2017: $1,673,2852017Assets 2018: $2,714,790Liabilities 2018: $634,255Net Assets 2018: $2,080,5352018Assets 2019: $3,520,619Liabilities 2019: $927,906Net Assets 2019: $2,592,7132019Assets 2020: $4,010,525Liabilities 2020: $769,235Net Assets 2020: $3,241,2902020Assets 2021: $5,165,435Liabilities 2021: $1,418,145Net Assets 2021: $3,747,2902021Assets 2022: $4,426,114Liabilities 2022: $1,336,228Net Assets 2022: $3,089,8862022Assets 2023: $5,158,128Liabilities 2023: $1,594,237Net Assets 2023: $3,563,8912023Assets 2024: $6,330,551Liabilities 2024: $2,076,319Net Assets 2024: $4,254,2322024

Highlighted filing

2017

Assets$2,125,027
Liabilities$451,742
Net Assets$1,673,285

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $600,182Expenses 2015: $224,083Net Income 2015: $376,0992015Revenue 2016: $1,431,758Expenses 2016: $763,426Net Income 2016: $668,3322016Revenue 2017: $1,831,482Expenses 2017: $1,137,367Net Income 2017: $694,1152017Revenue 2018: $2,039,330Expenses 2018: $1,605,910Net Income 2018: $433,4202018Revenue 2019: $2,828,605Expenses 2019: $2,572,714Net Income 2019: $255,8912019Revenue 2020: $2,690,947Expenses 2020: $2,052,133Net Income 2020: $638,8142020Revenue 2021: $2,922,779Expenses 2021: $2,542,557Net Income 2021: $380,2222021Revenue 2022: $3,454,871Expenses 2022: $3,886,957Net Income 2022: -$432,0862022Revenue 2023: $4,196,949Expenses 2023: $3,959,850Net Income 2023: $237,0992023Revenue 2024: $5,055,200Expenses 2024: $4,512,236Net Income 2024: $542,9642024

Highlighted filing

2017

Revenue$1,831,482
Expenses$1,137,367
Net Income$694,115
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 29, 2018
Return Version
2017v2.2
Gross Receipts
$1,835,796
Mission and Program Overview

Mission

To enhance our resiliency and overall security readiness for our global aviation environment.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$1,027,044-
Savings and Temporary Cash Investments$1,365,163$1,021,402▼ $343,761
Prepaid Expenses and Deferred Charges$14,942$36,031▲ $21,089
Intangible Assets$19,342$27,808▲ $8,466
Land, Buildings, and Equipment, Net$7,623$9,980▲ $2,357
Accounts Receivable$300$2,762▲ $2,462
Total Assets$1,407,370$2,125,027▲ $717,657
Liabilities
Deferred Revenue$325,000$375,417▲ $50,417
Accounts Payable and Accrued Expenses$104,598$76,325▼ $28,273
Total Liabilities$429,598$451,742▲ $22,144
Net Assets / Fund Balance
Unrestricted Net Assets$977,772$1,673,285▲ $695,513
Total Net Assets Fund Balance$977,772$1,673,285▲ $695,513
Total Liabilities and Net Assets / Fund Balance$1,407,370$2,125,027▲ $717,657

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,980$6,346$16,326
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert ForczykSenior Intel AnalystFT$135,366$3,152$138,518

Board Members and Trustees

NameTitle
John CraigBoard Chair
Dan GlassBoard Director
Deborah WheelerBoard Director
Deneen DefioreBoard Director
Emily HeathBoard Director
Michael SimmonsBoard Director
Nathaniel CallensBoard Director
Pascal AndreiBoard Director
Peter AndresBoard Director
Jeffrey TroyExecutive Director
Terrance KirkOperations Manager
Candice BurkeSecretary
Murat OranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$157,927
Program Service Revenue
$1,639,131
Investment Income
$30,839
Other Revenue
$3,585
All Other Contributions
$157,927
Change in Net Assets
$694,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,831,482
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$754,779
Total Revenue per Audited Statements
$2,586,261
Total Revenue per Form 990
$1,831,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$582,800
Other Expenses$554,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$503,517
Conferences and Meetings---$212,049
Travel---$86,056
Information Technology---$60,368
Fees for Services Accounting---$51,337
Payroll Taxes---$37,755
Other Employee Benefits---$36,479
Fees for Services Legal---$31,174
Depreciation Depletion---$15,233
Fees for Services Other---$10,914
Office Expenses---$9,098
Insurance---$6,438
Pension Plan Contributions---$5,049
All Other Expenses---$3,691
Other Expenses---$3,546
Total Functional Expenses$0$0$0$1,137,367

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,890,749
Expenses per Audited Statements$1,137,367
Total Expenses per Form 990$1,137,367
Expenses Not Reported on Form 990$753,382
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The organization updated its by-laws to change from two types of memberships to three types of memberships: platinum, gold, and silver.

Form 990, Part VI, Section A, Line 6

There are three types of memberships. A platinum member with a cyber mature company with revenue at or above $2 billion usd pays annual membership dues of $50,000 and receives full membership benefits including alerting/crisis notifications; real-time sharing of aviation intelligence and threat data; weekly intelligence summaries; special intelligence reports; analytic exchanges/liaisons; threat conference calls; response and recovery coordination. Membership includes twenty portal access accounts and seven passes to the yearly summit event. A gold member with a cyber mature company with revenue under $2 billion usd pays annual membership dues of $25,000 and receives the membership benefits identified above with five portal access accounts and three passes to the yearly summit event. A silver member that is building a cyber mature company or is a sector aligned company (trade association and/or other aligned organization such as an information sharing and analysis center) pays annual membership dues of $10,000 and receives limited access to strategic and analytic products, one portal access account, and one pass to the yearly summit event.

Form 990, Part VI, Section A, Line 7A

Each founding member and each platinum and gold member has one vote, to be exercised by its primary representative. Silver members are non-voting members. Voting on all matters, including the election of directors, may be conducted by mail or by electronic means, as permitted by law.

Form 990, Part VI, Section A, Line 7B

Founding members, platinum members, and gold members have the right under delaware law to vote on proposed mergers, sale of all or substantially all assets, and dissolution.

Form 990, Part VI, Section B, Line 11B

The return was prepared by the outside accountants and reviewed by senior management. The form 990 was shared with all board members prior to filing.

Form 990, Part VI, Section B, Line 12C

All board members, officers, in-kind support and employees are required to annually sign a conflict of interest policy statement. The executive director reviews the policy with each employee and in-kind support. The conflict of interest forms are discussed and signed by the board during a yearly in-person board meeting. For serious and actual conflicts, the individual may have to voluntarily withdraw - or be withdrawn involuntarily if necessary - from the a-isac position. For less serious conflicts, the individual generally recuses him/herself from part or all of the discussion regarding the issue for which there is a conflict and from voting on the issue. Finally, for minor or potential conflicts, full disclosure to a-isac is generally sufficient. A-isac's board of directors has the authority to make determinations on how to proceed in all such cases.

Form 990, Part VI, Section B, Line 15

The day-to-day operations are conducted by in-kind support personnel and do not receive compensation from a-isac.

Form 990, Part VI, Section C, Line 19

Governing documents, conflicts of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Aviation Information Sharing and
EIN
47-1882005
Phone
4252381164
Address
302 SENTINEL DRIVE NO 120, ANNAPOLIS JUNCTION, MD 20701

Signing Officer

Name
Jeffrey Troy
Title
Executive Director
Phone
4252381164
Signed
2018-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Troy
Formed
2014
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
13

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

For the year ended december 31, 2017, a-isac has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NondeductibleContriDisclInd01
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IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
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IRS990/ProgramServiceRevenueGrp/Desc1SUMMIT EVENTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1110381
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1110381
IRS990/ProgSrvcAccomActy2Grp/Desc0ANALYTIC EXCHANGES: ANALYST EXCHANGES WITH OTHER ISACS, PRIVATE SECTOR, VENDORS AND GOVERNMENT. THREAT CONFERENCE CALLS: TELEPHONIC ANALYST EXCHANGES FEATURING VOLUNTARY, CONTRIBUTORY CONTENT AND ANALYSIS FROM MEMBER FIRMS, AS WELL AS SPECIAL PRESENTATIONS FROM OUTSIDE EXPERTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0REGIONAL WORKSHOPS, ROUNDTABLE EXERCISES, ANNUAL SUMMIT EVENTS FOR A-ISAC MEMBERS TO SHARE AND COLLABORATE ON CRITICAL AVIATION SPECIFIC SECURITY THREATS, INDUSTRY BEST PRACTICES, AND ACCESS TO TOP INFORMATION SECURITY EXECUTIVES AND VENDORS IN THE AVIATION SECTOR.
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IRS990/PYOtherRevenueAmt010
IRS990/PYProgramServiceRevenueAmt01260635
IRS990/PYRevenuesLessExpensesAmt0668332
IRS990/PYSalariesCompEmpBnftPaidAmt0484307
IRS990/PYTotalExpensesAmt0763426
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReconcilationRevenueExpnssAmt0694115
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IRS990/RelatedEntityInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01831482
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED DECEMBER 31, 2017, A-ISAC HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01137367
IRS990ScheduleD/TotalRevenuePerForm990Amt01831482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02586261
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IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UPDATED ITS BY-LAWS TO CHANGE FROM TWO TYPES OF MEMBERSHIPS TO THREE TYPES OF MEMBERSHIPS: PLATINUM, GOLD, AND SILVER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE THREE TYPES OF MEMBERSHIPS. A PLATINUM MEMBER WITH A CYBER MATURE COMPANY WITH REVENUE AT OR ABOVE $2 BILLION USD PAYS ANNUAL MEMBERSHIP DUES OF $50,000 AND RECEIVES FULL MEMBERSHIP BENEFITS INCLUDING ALERTING/CRISIS NOTIFICATIONS; REAL-TIME SHARING OF AVIATION INTELLIGENCE AND THREAT DATA; WEEKLY INTELLIGENCE SUMMARIES; SPECIAL INTELLIGENCE REPORTS; ANALYTIC EXCHANGES/LIAISONS; THREAT CONFERENCE CALLS; RESPONSE AND RECOVERY COORDINATION. MEMBERSHIP INCLUDES TWENTY PORTAL ACCESS ACCOUNTS AND SEVEN PASSES TO THE YEARLY SUMMIT EVENT. A GOLD MEMBER WITH A CYBER MATURE COMPANY WITH REVENUE UNDER $2 BILLION USD PAYS ANNUAL MEMBERSHIP DUES OF $25,000 AND RECEIVES THE MEMBERSHIP BENEFITS IDENTIFIED ABOVE WITH FIVE PORTAL ACCESS ACCOUNTS AND THREE PASSES TO THE YEARLY SUMMIT EVENT. A SILVER MEMBER THAT IS BUILDING A CYBER MATURE COMPANY OR IS A SECTOR ALIGNED COMPANY (TRADE ASSOCIATION AND/OR OTHER ALIGNED ORGANIZATION SUCH AS AN INFORMATION SHARING AND ANALYSIS CENTER) PAYS ANNUAL MEMBERSHIP DUES OF $10,000 AND RECEIVES LIMITED ACCESS TO STRATEGIC AND ANALYTIC PRODUCTS, ONE PORTAL ACCESS ACCOUNT, AND ONE PASS TO THE YEARLY SUMMIT EVENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH FOUNDING MEMBER AND EACH PLATINUM AND GOLD MEMBER HAS ONE VOTE, TO BE EXERCISED BY ITS PRIMARY REPRESENTATIVE. SILVER MEMBERS ARE NON-VOTING MEMBERS. VOTING ON ALL MATTERS, INCLUDING THE ELECTION OF DIRECTORS, MAY BE CONDUCTED BY MAIL OR BY ELECTRONIC MEANS, AS PERMITTED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOUNDING MEMBERS, PLATINUM MEMBERS, AND GOLD MEMBERS HAVE THE RIGHT UNDER DELAWARE LAW TO VOTE ON PROPOSED MERGERS, SALE OF ALL OR SUBSTANTIALLY ALL ASSETS, AND DISSOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. THE FORM 990 WAS SHARED WITH ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS, OFFICERS, IN-KIND SUPPORT AND EMPLOYEES ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY STATEMENT. THE EXECUTIVE DIRECTOR REVIEWS THE POLICY WITH EACH EMPLOYEE AND IN-KIND SUPPORT. THE CONFLICT OF INTEREST FORMS ARE DISCUSSED AND SIGNED BY THE BOARD DURING A YEARLY IN-PERSON BOARD MEETING. FOR SERIOUS AND ACTUAL CONFLICTS, THE INDIVIDUAL MAY HAVE TO VOLUNTARILY WITHDRAW - OR BE WITHDRAWN INVOLUNTARILY IF NECESSARY - FROM THE A-ISAC POSITION. FOR LESS SERIOUS CONFLICTS, THE INDIVIDUAL GENERALLY RECUSES HIM/HERSELF FROM PART OR ALL OF THE DISCUSSION REGARDING THE ISSUE FOR WHICH THERE IS A CONFLICT AND FROM VOTING ON THE ISSUE. FINALLY, FOR MINOR OR POTENTIAL CONFLICTS, FULL DISCLOSURE TO A-ISAC IS GENERALLY SUFFICIENT. A-ISAC'S BOARD OF DIRECTORS HAS THE AUTHORITY TO MAKE DETERMINATIONS ON HOW TO PROCEED IN ALL SUCH CASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DAY-TO-DAY OPERATIONS ARE CONDUCTED BY IN-KIND SUPPORT PERSONNEL AND DO NOT RECEIVE COMPENSATION FROM A-ISAC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0977772
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IRS990/USAddress/AddressLine1Txt0302 SENTINEL DRIVE NO 120
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY TROY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04252381164
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AVIATION INFORMATION SHARING AND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ANALYSIS CENTER INC
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ReturnHeader/FilingSecurityInformation/IPDt02018-05-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:14:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521392008

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