Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
EIN 83-1374082 • 501(c)6 • Charlotte, NC
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$15,476
Down $830 (-5.1%) from 2023
Liabilities
Flat$131
Flat from 2023
Net Assets
Down$15,345
Down $830 (-5.1%) from 2023
Revenue
Flat$0
Flat from 2023
Expenses
Down$830
Down $170 (-17%) from 2023
Net Income
Up-$830
Up $170 (+17%) from 2023
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
Our mission is to help address issues impacting its members that make significant investments in long term projects in congressional districts around the country. We strongly believe that increased foreign direct investment (fdi) through the program is a significant contributor to the u.s. Economy and one that must be made permanent as a truly viable merit- based immigration program.
The american alliance for economic development (aaed) is the premier advocacy association representing the interests of regional centers across the united sates and eb-5 investors around the world. Our mission is to help address issues impacting its members that make significant investments in long term projects in congressional districts around the country. We strongly believe that increased foreign direct investment (fdi) through the program is a significant contributor to the u.s. Economy and one that must be made permanent as a truly viable merit-based immigration program. The organization is involved with all operational activities needed to effectively run an association in the following areas and executed by the officers and directors of aaed: 1.developing advocacy campaign and lobbying activities 2.managing public relations campaign and team and answering media inquiries 3.ensuring adherence to local, state and federal legal compliance issues, and other operational tasks
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $16,306 | $15,476 | ▼ $830 |
| Total Assets | $16,306 | $15,476 | ▼ $830 |
| Liabilities | |||
| Other Liabilities | $131 | $131 | → $0 |
| Total Liabilities | $131 | $131 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $16,175 | $15,345 | ▼ $830 |
| Total Net Assets Fund Balance | $16,175 | $15,345 | ▼ $830 |
| Total Liabilities and Net Assets / Fund Balance | $16,306 | $15,476 | ▼ $830 |
| Name | Title |
|---|---|
| Juan Wu | President |
| Shirley Yi | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $830 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Accounting | $130 | $700 | - | $830 |
| Total Functional Expenses | $130 | $700 | $0 | $830 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Other Liabilities | $131 |
“No review was or will be conducted.”
“Procedures for addressing the conflict of interest (a)an interested person may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. (b)the chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c)after exercising due diligence, the board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (d)if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”
“Procedure for approval of compensation a.general. The board of directors of the corporation (the "board") shall review and approve the compensation of compensated individuals. B.specific requirements. The board reviewing and approving compensation for compensated individuals shall satisfy the following requirements or procedures: (1)approval by persons without a conflict of interest. Compensation shall be reviewed and approved by the board, provided that persons with a conflict of interest with respect to the compensation arrangement at issue are not involved. Members of the board do not have a conflict of interest if they (a) are not benefitting from or participating in the compensation arrangement (and are not a family member of any person benefiting from or participating in the compensation arrangement); (b) are not in an employment relationship subject to the direction or control of any person benefitting from or participating in the compensation arrangement; (c) do not receive compensation or other payments subject to the approval of any person benefitting from or participating in the compensation arrangement; (d) have no material financial interest affected by the compensation arrangement; and (e) do not approve a transaction providing economic benefits to any person participating in the compensation arrangement, who in turn has or will approve a transaction providing economic benefits to the member. (form 990, part vi, line 15, instructions; treas. Reg. 53.4958-6(c)(1)(iii))”
“Procedure for approval of compensation a.general. The board of directors of the corporation (the "board") shall review and approve the compensation of compensated individuals. B.specific requirements. The board reviewing and approving compensation for compensated individuals shall satisfy the following requirements or procedures: (1)approval by persons without a conflict of interest. Compensation shall be reviewed and approved by the board, provided that persons with a conflict of interest with respect to the compensation arrangement at issue are not involved. Members of the board do not have a conflict of interest if they (a) are not benefitting from or participating in the compensation arrangement (and are not a family member of any person benefiting from or participating in the compensation arrangement); (b) are not in an employment relationship subject to the direction or control of any person benefitting from or participating in the compensation arrangement; (c) do not receive compensation or other payments subject to the approval of any person benefitting from or participating in the compensation arrangement; (d) have no material financial interest affected by the compensation arrangement; and (e) do not approve a transaction providing economic benefits to any person participating in the compensation arrangement, who in turn has or will approve a transaction providing economic benefits to the member. (form 990, part vi, line 15, instructions; treas. Reg. 53.4958-6(c)(1)(iii))”
“No documents available to the public”
“Our mission is to help address issues impacting its members that make significant investments in long term projects in congressional districts around the country. We strongly believe that increased foreign direct investment (fdi) through the program is a significant contributor to the u.s. Economy and one that must be made permanent as a truly viable merit- based immigration program.”
“1) developing advocacy campaign and lobbying activities 2) managing public relations campaign and team and answering media inquiries 3) ensuring adherence to local, state and federal legal compliance issues, and other operational tasks”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE AMERICAN ALLIANCE FOR ECONOMIC DEVELOPMENT (AAED) IS THE PREMIER ADVOCACY ASSOCIATION REPRESENTING THE INTERESTS OF REGIONAL CENTERS ACROSS THE UNITED SATES AND EB-5 INVESTORS AROUND THE WORLD. OUR MISSION IS TO HELP ADDRESS ISSUES IMPACTING ITS MEMBERS THAT MAKE SIGNIFICANT INVESTMENTS IN LONG TERM PROJECTS IN CONGRESSIONAL DISTRICTS AROUND THE COUNTRY. WE STRONGLY BELIEVE THAT INCREASED FOREIGN DIRECT INVESTMENT (FDI) THROUGH THE PROGRAM IS A SIGNIFICANT CONTRIBUTOR TO THE U.S. ECONOMY AND ONE THAT MUST BE MADE PERMANENT AS A TRULY VIABLE MERIT-BASED IMMIGRATION PROGRAM. THE ORGANIZATION IS INVOLVED WITH ALL OPERATIONAL ACTIVITIES NEEDED TO EFFECTIVELY RUN AN ASSOCIATION IN THE FOLLOWING AREAS AND EXECUTED BY THE OFFICERS AND DIRECTORS OF AAED: 1.DEVELOPING ADVOCACY CAMPAIGN AND LOBBYING ACTIVITIES 2.MANAGING PUBLIC RELATIONS CAMPAIGN AND TEAM AND ANSWERING MEDIA INQUIRIES 3.ENSURING ADHERENCE TO LOCAL, STATE AND FEDERAL LEGAL COMPLIANCE ISSUES, AND OTHER OPERATIONAL TASKS |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | JUAN WU |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7049622936 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 14819 BALLANTYNE VILLAGE WAY |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHARLOTTE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28277 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 16306 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 15476 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 830 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -830 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 830 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | 1) DEVELOPING ADVOCACY CAMPAIGN AND LOBBYING ACTIVITIES 2) MANAGING PUBLIC RELATIONS CAMPAIGN AND TEAM AND ANSWERING MEDIA INQUIRIES 3) ENSURING ADHERENCE TO LOCAL, STATE AND FEDERAL LEGAL COMPLIANCE ISSUES, AND OTHER OPERATIONAL TASKS |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 700 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 130 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 830 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JUAN WU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SHIRLEY YI |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2018 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 1 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | OUR MISSION IS TO HELP ADDRESS ISSUES IMPACTING ITS MEMBERS THAT MAKE SIGNIFICANT INVESTMENTS IN LONG TERM PROJECTS IN CONGRESSIONAL DISTRICTS AROUND THE COUNTRY. WE STRONGLY BELIEVE THAT INCREASED FOREIGN DIRECT INVESTMENT (FDI) THROUGH THE PROGRAM IS A SIGNIFICANT CONTRIBUTOR TO THE U.S. ECONOMY AND ONE THAT MUST BE MADE PERMANENT AS A TRULY VIABLE MERIT- BASED IMMIGRATION PROGRAM. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 16175 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 15345 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 16175 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 15345 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 131 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 131 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | JUAN WU |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 1) DEVELOPING ADVOCACY CAMPAIGN AND LOBBYING ACTIVITIES 2) MANAGING PUBLIC RELATIONS CAMPAIGN AND TEAM AND ANSWERING MEDIA INQUIRIES 3) ENSURING ADHERENCE TO LOCAL, STATE AND FEDERAL LEGAL COMPLIANCE ISSUES, AND OTHER OPERATIONAL TASKS |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 1000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -1000 |
| IRS990/PYTotalExpensesAmt | 0 | 1000 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -830 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 131 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | OTHER LIABILITIES |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 131 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OUR MISSION IS TO HELP ADDRESS ISSUES IMPACTING ITS MEMBERS THAT MAKE SIGNIFICANT INVESTMENTS IN LONG TERM PROJECTS IN CONGRESSIONAL DISTRICTS AROUND THE COUNTRY. WE STRONGLY BELIEVE THAT INCREASED FOREIGN DIRECT INVESTMENT (FDI) THROUGH THE PROGRAM IS A SIGNIFICANT CONTRIBUTOR TO THE U.S. ECONOMY AND ONE THAT MUST BE MADE PERMANENT AS A TRULY VIABLE MERIT- BASED IMMIGRATION PROGRAM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 1) DEVELOPING ADVOCACY CAMPAIGN AND LOBBYING ACTIVITIES 2) MANAGING PUBLIC RELATIONS CAMPAIGN AND TEAM AND ANSWERING MEDIA INQUIRIES 3) ENSURING ADHERENCE TO LOCAL, STATE AND FEDERAL LEGAL COMPLIANCE ISSUES, AND OTHER OPERATIONAL TASKS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST (A)AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. (B)THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (C)AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D)IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PROCEDURE FOR APPROVAL OF COMPENSATION A.GENERAL. THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD") SHALL REVIEW AND APPROVE THE COMPENSATION OF COMPENSATED INDIVIDUALS. B.SPECIFIC REQUIREMENTS. THE BOARD REVIEWING AND APPROVING COMPENSATION FOR COMPENSATED INDIVIDUALS SHALL SATISFY THE FOLLOWING REQUIREMENTS OR PROCEDURES: (1)APPROVAL BY PERSONS WITHOUT A CONFLICT OF INTEREST. COMPENSATION SHALL BE REVIEWED AND APPROVED BY THE BOARD, PROVIDED THAT PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED. MEMBERS OF THE BOARD DO NOT HAVE A CONFLICT OF INTEREST IF THEY (A) ARE NOT BENEFITTING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT (AND ARE NOT A FAMILY MEMBER OF ANY PERSON BENEFITING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT); (B) ARE NOT IN AN EMPLOYMENT RELATIONSHIP SUBJECT TO THE DIRECTION OR CONTROL OF ANY PERSON BENEFITTING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT; (C) DO NOT RECEIVE COMPENSATION OR OTHER PAYMENTS SUBJECT TO THE APPROVAL OF ANY PERSON BENEFITTING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT; (D) HAVE NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE COMPENSATION ARRANGEMENT; AND (E) DO NOT APPROVE A TRANSACTION PROVIDING ECONOMIC BENEFITS TO ANY PERSON PARTICIPATING IN THE COMPENSATION ARRANGEMENT, WHO IN TURN HAS OR WILL APPROVE A TRANSACTION PROVIDING ECONOMIC BENEFITS TO THE MEMBER. (FORM 990, PART VI, LINE 15, INSTRUCTIONS; TREAS. REG. 53.4958-6(C)(1)(III)) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | PROCEDURE FOR APPROVAL OF COMPENSATION A.GENERAL. THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD") SHALL REVIEW AND APPROVE THE COMPENSATION OF COMPENSATED INDIVIDUALS. B.SPECIFIC REQUIREMENTS. THE BOARD REVIEWING AND APPROVING COMPENSATION FOR COMPENSATED INDIVIDUALS SHALL SATISFY THE FOLLOWING REQUIREMENTS OR PROCEDURES: (1)APPROVAL BY PERSONS WITHOUT A CONFLICT OF INTEREST. COMPENSATION SHALL BE REVIEWED AND APPROVED BY THE BOARD, PROVIDED THAT PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED. MEMBERS OF THE BOARD DO NOT HAVE A CONFLICT OF INTEREST IF THEY (A) ARE NOT BENEFITTING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT (AND ARE NOT A FAMILY MEMBER OF ANY PERSON BENEFITING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT); (B) ARE NOT IN AN EMPLOYMENT RELATIONSHIP SUBJECT TO THE DIRECTION OR CONTROL OF ANY PERSON BENEFITTING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT; (C) DO NOT RECEIVE COMPENSATION OR OTHER PAYMENTS SUBJECT TO THE APPROVAL OF ANY PERSON BENEFITTING FROM OR PARTICIPATING IN THE COMPENSATION ARRANGEMENT; (D) HAVE NO MATERIAL FINANCIAL INTEREST AFFECTED BY THE COMPENSATION ARRANGEMENT; AND (E) DO NOT APPROVE A TRANSACTION PROVIDING ECONOMIC BENEFITS TO ANY PERSON PARTICIPATING IN THE COMPENSATION ARRANGEMENT, WHO IN TURN HAS OR WILL APPROVE A TRANSACTION PROVIDING ECONOMIC BENEFITS TO THE MEMBER. (FORM 990, PART VI, LINE 15, INSTRUCTIONS; TREAS. REG. 53.4958-6(C)(1)(III)) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 16306 |
| IRS990/TotalAssetsEOYAmt | 0 | 15476 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 16306 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 15476 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 700 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 130 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 830 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 131 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 131 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 131 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 131 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 16175 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 15345 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 16306 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 15476 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 14819 BALLANTYNE VILLAGE WAY |
| IRS990/USAddress/CityNm | 0 | CHARLOTTE |
| IRS990/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/USAddress/ZIPCd | 0 | 28277 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 1 |
| IRS990/VotingMembersIndependentCnt | 0 | 1 |
| IRS990/WebsiteAddressTxt | 0 | WWW.AA-ED.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
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