Civic Intelligence

Aerospace Industry Association of Michig

990EZ • Fiscal year 2017 • EIN 82-2502157

Jun 14, 2017 to Dec 31, 2017 • Filed on May 09, 2018

PO Box 81226Rochester, MI 48308

(248) 321-4622

Siviq Scores

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

Liabilities / Assets

77th percentile

0.14x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

90th percentile

27%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

78th percentile

$27,867

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 47.8% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$18,513

No earlier filing loaded for comparison.

Net Assets

$15,917

No earlier filing loaded for comparison.

Liabilities

$2,596

No earlier filing loaded for comparison.

Revenue

$58,335

No earlier filing loaded for comparison.

Expenses

$42,418

No earlier filing loaded for comparison.

Net Income

$15,917

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $18,513Liabilities 2017: $2,596Net Assets 2017: $15,9172017Assets 2018: $59,793Liabilities 2018: $1,651Net Assets 2018: $58,1422018Assets 2019: $17,950Liabilities 2019: $3,190Net Assets 2019: $14,7602019Assets 2020: $12,947Liabilities 2020: $5,488Net Assets 2020: $7,4592020Assets 2021: $35,737Liabilities 2021: $5,762Net Assets 2021: $29,9752021Assets 2022: $113,749Liabilities 2022: $7,148Net Assets 2022: $106,6012022Assets 2023: $210,515Liabilities 2023: $18,931Net Assets 2023: $191,5842023Assets 2024: $273,925Liabilities 2024: $99,472Net Assets 2024: $174,4532024

Highlighted filing

2017

Assets$18,513
Liabilities$2,596
Net Assets$15,917

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $58,335Expenses 2017: $42,418Net Income 2017: $15,9172017Revenue 2018: $238,490Expenses 2018: $191,281Net Income 2018: $47,2092018Revenue 2019: $268,979Expenses 2019: $312,361Net Income 2019: -$43,3822019Revenue 2020: $278,173Expenses 2020: $285,474Net Income 2020: -$7,3012020Revenue 2021: $344,538Expenses 2021: $322,022Net Income 2021: $22,5162021Revenue 2022: $528,744Expenses 2022: $452,115Net Income 2022: $76,6292022Revenue 2023: $652,751Expenses 2023: $594,522Net Income 2023: $58,2292023Revenue 2024: $657,774Expenses 2024: $714,257Net Income 2024: -$56,4832024

Highlighted filing

2017

Revenue$58,335
Expenses$42,418
Net Income$15,917
Jump To
Filing Snapshot
Filing Period
Jun 14, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$58,335
Mission and Program Overview

Mission

The aerospace industry association of michigan is a non-profit, member driven industry organization. It is a platform for aerospace leaders in the state to work together on a common set of priorities to strengthen and support the continued growth in the industry through talent attraction and new investment in michigan.

BUSINESS LEAGUE

Program Services

DescriptionGrantsExpenses
TO BE THE COLLECTIVE VOICE FOR SMALL, MEDIUM AND LARGE COMPANIES IN MICHIGAN'S AEROSPACE INDUSTRY PROVIDING TALENT, RESEARCH AND MARKET ACCESS.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TONY VERNACIPresidentFT$27,867-$27,867
GEORGE KIEFERAiam Chairman-$0--
ALEX VLIELANDERAiam Vice Chairman-$0--
GLEN SIMULAAiam Board Member-$0--
MIKE STRATTONAiam Secretary-$0--
JEFF SIMEKAiam Board Member-$0--
MATT EURICHAiam Treasurer-$0--
DAN INMANAiam Board Member-$0--
KEVIN MICHAELSAiam Board Member-$0--
MARK SCHMIDTAiam Board Member-$0--
CONOR TRACYAiam Board Member-$0--
Filing and Contact Details

Filer

Filer Name
Aerospace Industry Association of
EIN
82-2502157
Phone
2483214622
Address
PO BOX 81226, ROCHESTER, MI 48308

Signing Officer

Name
Tony Vernaci
Title
President
Phone
2483214622
Signed
2018-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Jenkins Magnus Volk & Carroll Pc
Address
42714 WOODWARD AVE, BLOOMFIELD HILLS, MI 48304-5181
Preparer
Patrick M Strausbaugh
Phone
2488582400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: credit card & bank fees. Amount: 1,263. Description: office supplies, software & equipment. Amount: 445. Description: meetings expense. Amount: 373. Description: travel. Amount: 1,097. Description: taxes & licenses. Amount: 850. Description: payroll taxes. Amount: 2,526. Total to form 990-ez, line 16: 6,554.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 5,985.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 0. End of year amount: 1,596. Description: initial investment. Beg. Of year amount: 0. End of year amount: 1,000.

Raw XML Appendix166 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TONY VERNACI
IRS990EZ/BooksInCareOfDetail/PhoneNum02483214622
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 81226
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048308
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012528
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt015917
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05467
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt018513
IRS990EZ/GrossReceiptsAmt058335
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt058335
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt015917
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt015917
IRS990EZ/OccupancyRentUtltsAndMaintAmt01500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1047.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt1027867
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GEORGE KIEFER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ALEX VLIELANDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GLEN SIMULA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MIKE STRATTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JEFF SIMEK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MATT EURICH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DAN INMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KEVIN MICHAELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MARK SCHMIDT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9CONOR TRACY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10TONY VERNACI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0AIAM CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1AIAM VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2AIAM BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3AIAM SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4AIAM BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5AIAM TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6AIAM BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7AIAM BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8AIAM BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9AIAM BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05985
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt06554
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0BUSINESS LEAGUE
IRS990EZ/PrintingPublicationsPostageAmt01030
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO BE THE COLLECTIVE VOICE FOR SMALL, MEDIUM AND LARGE COMPANIES IN MICHIGAN'S AEROSPACE INDUSTRY PROVIDING TALENT, RESEARCH AND MARKET ACCESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt027867
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02596
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt042418
IRS990EZ/TotalRevenueAmt058335
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0AIAMNOW.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CREDIT CARD & BANK FEES. AMOUNT: 1,263. DESCRIPTION: OFFICE SUPPLIES, SOFTWARE & EQUIPMENT. AMOUNT: 445. DESCRIPTION: MEETINGS EXPENSE. AMOUNT: 373. DESCRIPTION: TRAVEL. AMOUNT: 1,097. DESCRIPTION: TAXES & LICENSES. AMOUNT: 850. DESCRIPTION: PAYROLL TAXES. AMOUNT: 2,526. TOTAL TO FORM 990-EZ, LINE 16: 6,554.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5,985.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,596. DESCRIPTION: INITIAL INVESTMENT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY VERNACI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02483214622
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AEROSPACE INDUSTRY ASSOCIATION OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MICHIGAN CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0AERO
ReturnHeader/Filer/EIN0822502157
ReturnHeader/Filer/PhoneNum02483214622
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 81226
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048308
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04E7CA68A8537AB6455E99DC65732BE5FFDAEA9F2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04E7CA68A8537AB6455E99DC65732BE5FFDAEA9F2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.145.235.13
ReturnHeader/FilingSecurityInformation/IPDt02018-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:39:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382081519
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JENKINS MAGNUS VOLK & CARROLL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt042714 WOODWARD AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMFIELD HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0483045181
ReturnHeader/PreparerPersonGrp/PhoneNum02488582400
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK M STRAUSBAUGH
ReturnHeader/ReturnTs02018-05-14T08:09:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-06-14
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings