Civic Intelligence

National Business Aviation Association Inc

EIN 52-1633654 • 501(c)6 • Washington, DC

Profile

To foster an environment that allows business aviation to thrive in the united states and around the world.

Refreshing map…

1200 G STREET NW Suite 1100Washington, DC 20005

www.nbaa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.80x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Net Margin

15th percentile

-7.9%

Higher net margin than 15% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$2,386,013

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Asset Growth

44th percentile

3.7%

Faster asset growth than 44% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-2.0%

Faster revenue growth than 23% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$52,324,613

Up $10,818,627 (+26%) from 2022

Liabilities

Up

$32,358,515

Up $8,138,961 (+34%) from 2022

Net Assets

Up

$19,966,098

Up $2,679,666 (+16%) from 2022

Revenue

Up

$41,691,779

Up $6,678,330 (+19%) from 2022

Expenses

Up

$42,238,518

Up $4,887,112 (+13%) from 2022

Net Income

Up

-$546,739

Up $1,791,218 (+77%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $25,662,873Liabilities 2011: $17,359,405Net Assets 2011: $8,303,4682011Assets 2012: $27,752,862Liabilities 2012: $19,624,666Net Assets 2012: $8,128,1962012Assets 2013: $33,236,756Liabilities 2013: $23,726,405Net Assets 2013: $9,510,3512013Assets 2014: $38,627,150Liabilities 2014: $25,464,842Net Assets 2014: $13,162,3082014Assets 2015: $44,408,929Liabilities 2015: $29,060,270Net Assets 2015: $15,348,6592015Assets 2016: $46,235,060Liabilities 2016: $28,368,181Net Assets 2016: $17,866,8792016Assets 2017: $51,269,804Liabilities 2017: $29,570,375Net Assets 2017: $21,699,4292017Assets 2018: $50,220,228Liabilities 2018: $30,159,054Net Assets 2018: $20,061,1742018Assets 2019: $52,335,971Liabilities 2019: $30,612,912Net Assets 2019: $21,723,0592019Assets 2020: $40,393,642Liabilities 2020: $21,833,387Net Assets 2020: $18,560,2552020Assets 2021: $51,356,982Liabilities 2021: $26,156,866Net Assets 2021: $25,200,1162021Assets 2022: $41,505,986Liabilities 2022: $24,219,554Net Assets 2022: $17,286,4322022Assets 2023: $52,324,613Liabilities 2023: $32,358,515Net Assets 2023: $19,966,0982023

Highlighted filing

2023

Assets$52,324,613
Liabilities$32,358,515
Net Assets$19,966,098

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $26,021,954Expenses 2011: $25,982,010Net Income 2011: $39,9442011Expenses 2012: $32,384,4552012Expenses 2013: $35,025,4632013Revenue 2014: $39,602,930Expenses 2014: $36,593,869Net Income 2014: $3,009,0612014Revenue 2015: $39,818,925Expenses 2015: $38,102,143Net Income 2015: $1,716,7822015Revenue 2016: $43,425,852Expenses 2016: $39,892,258Net Income 2016: $3,533,5942016Revenue 2017: $43,921,930Expenses 2017: $41,547,433Net Income 2017: $2,374,4972017Revenue 2018: $47,185,184Expenses 2018: $47,989,833Net Income 2018: -$804,6492018Revenue 2019: $47,166,794Expenses 2019: $45,359,587Net Income 2019: $1,807,2072019Revenue 2020: $32,676,878Expenses 2020: $37,313,118Net Income 2020: -$4,636,2402020Revenue 2021: $30,494,446Expenses 2021: $24,411,899Net Income 2021: $6,082,5472021Revenue 2022: $35,013,449Expenses 2022: $37,351,406Net Income 2022: -$2,337,9572022Revenue 2023: $41,691,779Expenses 2023: $42,238,518Net Income 2023: -$546,7392023

Highlighted filing

2023

Revenue$41,691,779
Expenses$42,238,518
Net Income-$546,739

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$52.3$32.4$20.0$41.7$42.2$0.55
2022Detailed filing. Detailed filing data is available for this year.$41.5$24.2$17.3$35.0$37.4$2.34
2021Detailed filing. Detailed filing data is available for this year.$51.4$26.2$25.2$30.5$24.4$6.08
2020Detailed filing. Detailed filing data is available for this year.$40.4$21.8$18.6$32.7$37.3$4.64
2019Detailed filing. Detailed filing data is available for this year.$52.3$30.6$21.7$47.2$45.4$1.81
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.2$30.2$20.1$47.2$48.0$0.80
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$29.6$21.7$43.9$41.5$2.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.2$28.4$17.9$43.4$39.9$3.53
2015Detailed filing. Detailed filing data is available for this year.$44.4$29.1$15.3$39.8$38.1$1.72
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$25.5$13.2$39.6$36.6$3.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$23.7$9.51$35.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$19.6$8.13$32.4
2011Summary only. Only limited summary data is available for this year.$25.7$17.4$8.30$26.0$26.0$0.04
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 15, 2023
Return Version
2021v4.2
Gross Receipts
$64,663,278
Mission and Program Overview

Mission

To foster an environment that allows business aviation to thrive in the united states and around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$35,987,942$30,948,133▼ $5,039,809
Savings and Temporary Cash Investments$10,499,169$3,384,580▼ $7,114,589
Investments Program Related$-35,306$2,016,990▲ $2,052,296
Receivables From Officers Etc$519,458$898,911▲ $379,453
Accounts Receivable$346,877$638,693▲ $291,816
Land, Buildings, and Equipment, Net$722,530$544,239▼ $178,291
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$51,356,982$41,505,986▼ $9,850,996
Other Assets Total$3,316,312$3,074,440▼ $241,872
Liabilities
Deferred Revenue$14,811,097$12,635,097▼ $2,176,000
Accounts Payable and Accrued Expenses$6,139,289$7,151,159▲ $1,011,870
Other Liabilities$5,206,480$4,433,298▼ $773,182
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$26,156,866$24,219,554▼ $1,937,312
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,200,116$17,286,432▼ $7,913,684
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$25,200,116$17,286,432▼ $7,913,684
Total Liabilities and Net Assets / Fund Balance$51,356,982$41,505,986▼ $9,850,996

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$167,730$1,309,886$1,477,616
Leasehold Improvements$284,163$1,003,530$1,287,693
Equipment$92,346$247,322$339,668
Other Assets Org$1,382,543--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward M BolenPresident/CEO/directorFT$1,267,111$911,105$2,178,216
Steven BrownChief Operating OfficerFT$527,366$320,728$848,094
Christa LucasSr VP Government AffairsFT$453,944$149,108$603,052
Christopher StrongSenior VP EventsFT$359,471$127,716$487,187
Daniel HubbardSR VP CommunicationsFT$331,164$128,701$459,865
Marc FreemanCFOFT$301,981$142,444$444,425
Douglas CarrSR VP Safety & Int'l AffairsFT$266,594$91,836$358,430
Annemarie OxmanChief People OfficerFT$233,849$97,883$331,732
Todd WormingtonChief Technology OfficerFT$233,785$89,914$323,699
Linda Peters THRU 122Vice President ExhibitsFT$205,498$82,202$287,700
Joanne DamatoSenior VP Education & TrainingFT$187,693$75,328$263,021
Michael Nichols THRU 421VP Oper Excellence & Prof Dev.FT$232,835$17,296$250,131
Mary Margo DemarkSenior Manager, MembershipFT$29,126$199,862$228,988
Benjamin SchwalenCounsel/Corporate SecretaryFT$155,705$47,891$203,596
Andrew BroomSr VP Strategy and InnovationFT$151,712$23,874$175,586

Board Members and Trustees

NameTitle
Monte KochBoard Chair and Director
John WitzigVice Chair/Treasurer/Director
Bill AyerDirector
Charles PrecourtDirector
Dan WilliamsDirector
Elizabeth DornakDirector
Jennifer AlessioDirector
Jim Schwertner JrDirector
Kali HagueDirector
Lloyd NewtonDirector
Mark McIntyreDirector
Matt ByrdDirector
Michael AmalfitanoDirector
Rich WalshDirector
Ron DuncanDirector
Sean LeeDirector
Shelly deZevallosDirector
Tyson WeihsDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
FusionSpanSoftware Consulting9450 SW Gemini Drive PMB 45851, Beaverton, OR 97008$754,825
The Meetings Events Conductors LLTransportation3222 E 1st Avenue Suite 624, Denver, CO 80206$548,948
Achurch Consulting LLCSoftware Consulting11519 Tavernay Parkway, Charlotte, NC 28262$543,463
The Freeman Co IncExhib Integ SvcsPO Box 650036, Dallas, TX 75265$463,860
LMG IncIndustry Relations1299 Pennsylvania Avenue Suite 300, Washington, DC 20004$420,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,912,268
Investment Income
$696,948
Other Revenue
$3,404,233
Change in Net Assets
$-2,337,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,760,134
Salaries, Compensation, and Employee Benefits$14,192,349
Grants and Similar Amounts Paid$398,923
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$7,443,722
Fees for Services Other---$6,808,970
Conferences and Meetings---$5,399,435
Other Salaries and Wages---$4,383,477
Information Technology---$2,594,375
Fees for Services Lobbying---$2,120,000
Other Employee Benefits---$1,560,948
Travel---$1,410,333
Occupancy---$1,113,700
Office Expenses---$896,832
Insurance---$489,072
Pension Plan Contributions---$458,374
Grants to Domestic Orgs---$398,923
Payroll Taxes---$345,828
Fees for Services Legal---$273,391
Depreciation Depletion---$262,712
Advertising---$200,975
Fees for Service Investment Mgmnt Fees---$142,079
Fees for Services Accounting---$116,568
Other Expenses---$75,783
All Other Expenses---$-211,063
Total Functional Expenses$0$0$0$37,351,406
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alliance for Aviation Across AmericaWashington, DC501(c)(4)Related Program$398,923

International Summary

Offices
0
Employees
0
Spending
$2,764,542

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)InvestmentsAviation Trade Show00$2,764,542
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$2,120,000
Total Nondeductible Lobbying and Political Cost$2,120,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$519,458$898,911▲ $379,453
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
457 Liabilities$1,691,897
Accrued Post Retirement Benefits$1,614,110
Deferred Rent$1,127,291
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 35% controlled entity
No
Business relationship with family members
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

The members of the association consist of operating members, business members and professional members.

FORM 990, PART VI, SECTION A, LINE 7A:

Each operating member shall have the right to one vote at all meetings of the association. Each operating member shall appoint in writing one of its officers, board members, and/or full-time employees as its representative to act for it in the affairs of the association. It may from time to time, in the absence of such appointee, designate in writing from among its officers, board members and/or full-time employees, an alternate to represent it temporarily and vote on its behalf. Other rights to the membership may be reserved through applicable law.

FORM 990, PART VI, SECTION B, LINE 11B:

The form 990 is prepared by bdo usa, llp, cpas, nbaa's independent outside auditor. The data and information used to prepare the return is provided by nbaa management. Once the return is prepared by bdo and reviewed by nbaa management, it is presented to the nbaa audit committee and circulated to the full board.

FORM 990, PART VI, SECTION B, LINE 12C:

Conflict of interest policies were signed by board of directors and nbaa senior management. The policy requires all conflicts of interest to be disclosed. Management performs internal reviews to determine if a potential conflict is required to be disclosed. Nbaa's books and records are audited by an independent cpa firm. As part of the audit, they perform a search for conflict of interests.

FORM 990, PART VI, SECTION B, LINE 15:

The compensation committee of the board of directors reviews a compilation of the entire board's evaluation of the ceo's performance, examines benchmark compensation data provided by a compensation consultant that has been aged appropriately if necessary, and minutes of their deliberations and decisions about ceo compensation are distributed and recorded. The compensation committee makes recommendations to the full board of directors regarding ceo compensation. It is the full board of directors that makes final compensation decisions regarding ceo compensation. The ceo makes a formal presentation to the compensation committee of the board of directors regarding his evaluation of key employees' performance and makes compensation recommendations for these employees to the committee. The committee examines benchmark compensation data provided by a compensation consultant that has been aged appropriately if necessary and decides whether or not to approve or amend the ceo's recommendations. Minutes of their deliberations and decisions are distributed and recorded.

FORM 990, PART VI, SECTION C, LINE 19:

The organization has its articles of incorporation, bylaws and financial statements available on the nbaa website. The organization makes its conflict-of-interest policy available upon request.

Filing and Contact Details

Filer

Filer Name
National Business Aviation Association Inc
EIN
52-1633654
In Care Of
% MARC FREEMAN
Phone
2027839000
Address
1200 G STREET NW Suite 1100, WASHINGTON, DC 20005

Signing Officer

Name
Edward M Bolen
Title
President/CEO/Director
Phone
2024787769
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward M Bolen
Formed
1947
Legal Domicile
Dc
Voting Board Members
18
Independent Board Members
17
Employees
77
Volunteers
575

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D:

Operations services: nbaa is the leading authority for the production and dissemination of resources to inform and support members' use of a general aviation aircraft, on matters related to regulatory policies, safety best guidance, flight department management, aircraft transactions and other matters. Such topics include: safety - review industry statistics, read safety references or submit anonymous reports on safety concerns or incidents. Security - information on new and pending security regulations and the new transportation security. Administration (tsa) - information for flight department managers, including the full text of the nbaa management guide. Tax, finance & insurance - information on financial issues such as federal/state taxes, ramifications of the personal use of employer provided aircraft, carriage of elected officials and aviation insurance. Maintenance - guidance for maintenance personnel and a wealth of technical information in the maintenance reports database. Airports - nbaa references for airport issues. Airspace/air traffic - nbaa references for airspace/air traffic. International operations - documents and online resources for flying outside of the united states. Members can also search the airport reports database to review comments submitted by business aircraft pilots. Membership services: nbaa was founded to help aviation companies be more successful in their business aircraft, and membership in the association is essential for optimizing the efficiency, productivity, safety, security and sustainability of aircraft utilization. The organization's membership of more than 11,000 on operational, technical and legislative issues; regular updates to changing regulatory requirements; management skills training; opportunities for peer-to-peer networking; engagement with local, national and international business aviation communities; a voice in government at all levels; professional advancement; and assistance with business development. Advocacy: nbaa is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The organization, which represents more than 11,000 companies, promotes policies that foster business aviation in the u.s. And around the world. These include, but are not limited to, policies that continually enhance the safety, security and sustainability of business aviation flight, with equitable access to airports and airspace. Education: as an advocate for companies that rely on general aviation aircraft, a key part of nbaa's mission is to educate policymakers and opinion leaders on the essential nature of business aviation to citizens, companies and communities of all sizes, all across the u.s.

FORM 990, PART XI, LINE 9:

Other changes in net assets: book to tax differences from pass through entities $2,355

FORM 990, PART XII, LINE 2C:

Audit committee oversight: the process has not changed from the prior year.

Form 990 Part IX Line 11G

Description:other professional fees total fees:5783877

Form 990 Part IX Line 11G

Description:royalties and commissions total fees:561233

Form 990 Part IX Line 11G

Description:exhibition integ services total fees:463860

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

The association must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more-likely-than not that the position will be sustained. The association's management believes it has no material uncertain tax positions and; accordingly, it will not recognize any liability for unrecognized tax benefits. For the years ended june 30, 2022 and 2021, the association did not recognize any interest or penalties. The tax years ended june 30, 2018 through 2021 remain open to examination by the taxing jurisdictions to which the association is subject, and they have not been extended beyond the applicable statute of limitations. No examinations are currently in process.

Raw XML AppendixShowing 400 of 1,099 raw XML fields

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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