Civic Intelligence

Aviation Information Sharing and Analysis Center Inc

990 • Fiscal year 2023 • EIN 47-1882005

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 31, 2024

1997 Annapolis Exchange Pkwy 300Annapolis, MD 21401

(513) 288-8203

Siviq Scores

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

Liabilities / Assets

64th percentile

0.31x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.38x

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

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Net Margin

54th percentile

5.6%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$302,256

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2023

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

21%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,158,128

Up $732,014 (+17%) from 2022

Net Assets

Up

$3,563,891

Up $474,005 (+15%) from 2022

Liabilities

Up

$1,594,237

Up $258,009 (+19%) from 2022

Revenue

Up

$4,196,949

Up $742,078 (+21%) from 2022

Expenses

Up

$3,959,850

Up $72,893 (+1.9%) from 2022

Net Income

Up

$237,099

Up $669,185 (+155%) from 2022

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

2023

Assets$5,158,128
Liabilities$1,594,237
Net Assets$3,563,891

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

2023

Revenue$4,196,949
Expenses$3,959,850
Net Income$237,099
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 31, 2024
Return Version
2023v5.0
Gross Receipts
$4,196,949
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,758,349$3,369,706▲ $611,357
Cash and Non-Interest-Bearing Accounts$864,914$854,684▼ $10,230
Accounts Receivable$617,440$556,111▼ $61,329
Prepaid Expenses and Deferred Charges$174,130$365,671▲ $191,541
Land, Buildings, and Equipment, Net$11,281$11,956▲ $675
Total Assets$4,426,114$5,158,128▲ $732,014
Liabilities
Other Liabilities$1,198,541$1,478,541▲ $280,000
Accounts Payable and Accrued Expenses$137,687$115,696▼ $21,991
Total Liabilities$1,336,228$1,594,237▲ $258,009
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,089,886$3,563,891▲ $474,005
Total Net Assets Fund Balance$3,089,886$3,563,891▲ $474,005
Total Liabilities and Net Assets / Fund Balance$4,426,114$5,158,128▲ $732,014

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,956$41,662$53,618
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey TroyPresidentFT$302,256$302,256
Ellery D Savage JrAnalystFT$160,628$160,628
Robert ForczykSr Intel AnaFT$158,466$158,466
Robert ForczykSr Intel Analyst-$158,466$158,466
Jared FalconCyber AnalysFT$126,238$126,238
Terrance KirkVice PresideFT$120,000$120,000

Board Members and Trustees

NameTitle
Deneen DefioreChair
Eric VautierVice Chair
Brian TalbertDirector
Bruno SpadaDirector
Carrie MillsDirector
Dan FortierDirector
David BellDirector
Debbie WheelerDirector
Joe DaunceyDirector
Naby DiawDirector
Pascal AndreiDirector
Patrick ReidyDirector
Sean SullivanDirector
Candice BurkeSecretary
Murat OranTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jean- Franscois Simons-TEREYKENSTRAAT91 ZEPPEREN, Limburg, LIMBURG, Be$207,125
Nickelby Thane-UNIT 142809-811 PACIFIC HIGHWAY, Chatswood, NSW, As$133,417
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,133,800
Investment Income
$57,349
Other Revenue
$5,800
Change in Net Assets
$237,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,014,856
Other Expenses$1,873,474
Total Fundraising Expense$128,929
Grants and Similar Amounts Paid$71,520
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,118,064$155,324$49,781$1,323,169
Current Officers, Directors, Trustees, and Key Employees$356,802$49,568$15,887$422,257
Fees for Services Other-$207,140-$207,140
Travel$173,466$54-$173,520
Payroll Taxes$114,732$17,239$4,915$136,886
Other Employee Benefits$72,584$10,906$3,109$86,599
Grants to Domestic Orgs$71,520--$71,520
Other Expenses$50,685$7,041$2,257$59,983
Conferences and Meetings$54,226--$54,226
Office Expenses$4,539$48,828-$53,367
Fees for Services Accounting$7$17,020$33,861$50,888
Pension Plan Contributions$38,509$5,786$1,650$45,945
Insurance$1,373$41,568$1,009$43,950
Fees for Services Legal$3$7,097$14,119$21,219
Depreciation Depletion$9,309--$9,309
Occupancy-$4,102-$4,102
Advertising$1,963$164$4$2,131
Interest-$40-$40
Total Functional Expenses$3,167,047$663,874$128,929$3,959,850
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Embry-riddle Aeronautical UniversitDaytona Beach, FL501c3To Support Cyber Int$71,520
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Julie KirkWife of Terry KWagesNo$81,864
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deffered Membership Dues$1,390,409
Accrued Pto$54,565
401k America Funds$22,088
Accrued Expenses$10,890
Insurance Payable$373
Divy$145
Insurance Ny Family Leave$43
Insurance Nys Disability$28
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 6

There are four types of memberships: 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/liasons; 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 identifies above with five portal acess 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. A bronze member that has no cyber capability in the near future but is looking for visibility pays annual membership dues of 1,500 and receives access to airport working group, regional ciso meetings, monthly membership and community meetings, daily and weekly informative memos and industry alerts.

Form 990, Page 6, Part VI, Line 7A

Each founding member and each platinum and gold member has one vote, to be exercised by its primary representative. Silver members and bronze 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, Page 6, Part VI, Line 7B

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

Form 990, Page 6, Part VI, 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, Page 6, Part VI, 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 themselves from part or all of the discussion regarding the issue for which there is conflict and from voting on the issue. Finally, for minor or potential conflicts, full disclosure to a-isac is generally sufficent. A-isac's board of directors has the authority to make determinations on how to proceed in all such cases.

Form 990, Page 6, Part VI, Line 15A

In determining the total compensation for officers of the organization, the board annually reviews the form 990 of other organizations to ensure compensation is in line with similarly situated organizations. The board of directors documents and approves the compensation package that is offered. The last compensation review took place in december 2022. A-isac has compensated staff, but continues to have in-kind personnel support for day-to-day operations.

Form 990, Page 6, Part VI, 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
5132888203
Address
1997 ANNAPOLIS EXCHANGE PKWY 300, ANNAPOLIS, MD 21401

Signing Officer

Name
Jeffrey Troy
Title
President
Phone
5132888203
Signed
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Troy
Formed
2014
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
19

Preparer

Firm
Patrick & Raines LLC
Address
4029 ATLANTIC BLVD, JACKSONVILLE, FL 32207-2036
Preparer
Timothy P Raines CPA
Phone
9043965400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Department of cyber intelligence and security fund for excellence- pc

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EMBRY-RIDDLE AERONAUTICAL UNIVERSIT

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