2024-01-16T09:52:20-06:00 2023-02-28 366055558 GRANT THORNTON LLP 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2022-03-01 237067946 INTERNATIONAL AEROBATIC CLUB INC INTE 9204264800 3000 POBEREZNY ROAD OSHKOSH WI 54902 JAMES BOURKE PRESIDENT 9204264800 2024-01-04 1 JAMES BOURKE 999009999 0 BRIDGET ROCHE P00666837 3128560200 2024-01-04 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES BOURKE 3000 POBEREZNY ROAD OSHKOSH WI 54902 369996 0 X WWW.IAC.ORG X 1970 WI THE CORE PURPOSE OF THE IAC IS TO PROMOTE AND ENHANCE THE SAFETY AND ENJOYMENT OF SPORT AEROBATICS. 16 16 2 92 24540 0 43295 59464 304307 246307 25 2385 19637 45546 367264 353702 0 0 0 0 133718 136621 0 0 0 255477 306652 389195 443273 -21931 -89571 652340 588703 202829 228763 449511 359940 X TO ENCOURAGE, AID AND ENGAGE IN RESEARCH, INCLUDING THAT OF A SCIENTIFIC NATURE, AND IN EDUCATION FOR THE IMPROVEMENT OF AVIATION SAFETY THROUGH A BETTER UNDERSTANDING OF THE ART OF AEROBATICS AND TO PROMOTE AND ENCOURAGE AEROBATICS EDUCATION AND (SEE SCHEDULE O)COMPETITION ON A NATIONAL AND INTERNATIONAL LEVEL. 0 0 165495 251807 MEMBERSHIP SERVICES - COSTS ASSOCIATED WITH THE FOLLOWING:CONTESTS WHERE THOSE INTERESTED CAN COMPETE IN AEROBATIC EVENTS OBSERVED BY THE GENERAL PUBLIC, PROMOTION OF MEMBERSHIP IN THE ORGANIZATION AND DISTRIBUTION OF VARIOUS AWARDS AND TROPHIES. 132522 PUBLICATION - SPORT AEROBATICS, A MONTHLY MAGAZINE IS ISSUED TO MEMBERS WITH INFORMATION ON THE ART OF AEROBATIC AVIATION. 298017 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 WI X STEPHEN KURTZAHN 9204264800 3000 POBEREZNY ROAD OSHKOSH WI 54902 X JAMES BOURKE PRESIDENT 10.00 0.00 X X 0 0 0 ROB HOLLAND VICE PRESIDENT 10.00 0.00 X X 0 0 0 JORDAN ASHLEY TREASURER 10.00 0.00 X X 0 0 0 SARA ARNOLD SECRETARY 10.00 0.00 X X 0 0 0 DOUG BARTLETT DIRECTOR 10.00 0.00 X 0 0 0 MARTY FLOURNOY DIRECTOR 10.00 0.00 X 0 0 0 BOB FREEMAN DIRECTOR 10.00 0.00 X 0 0 0 CRAIG GIFFORD DIRECTOR 10.00 0.00 X 0 0 0 MICHAEL GOULIAN DIRECTOR 10.00 0.00 X 0 0 0 DAGMAR KRESS DIRECTOR 10.00 0.00 X 0 0 0 BRITTANEE LINCOLN DIRECTOR 10.00 0.00 X 0 0 0 DAVID MARTIN DIRECTOR 10.00 0.00 X 0 0 0 JOHN OSTMEYER DIRECTOR 10.00 0.00 X 0 0 0 GREG PRINCIPATO DIRECTOR 10.00 0.00 X 0 0 0 PEGGY RIEDINGER DIRECTOR 10.00 0.00 X 0 0 0 DEBBY RIHN-HARVEY DIRECTOR 10.00 0.00 X 0 0 0 STEPHEN KURTZAHN EXECUTIVE DIRECTOR 40.00 0.00 X 55845 0 28464 55845 0 28464 0 0 0 0 0 59464 59464 MEMBERSHIP DUES 900099 176900 176900 REGISTRATION FEES 900099 34867 34867 CONTEST SANCTION FEES 900099 34540 34540 246307 2385 2385 4323 4323 5500 0 5500 5500 5500 27477 16294 11183 11183 ADV. SPORT AEROBATICS 541800 24540 24540 24540 353702 251807 24540 17891 X 83923 33569 50354 38723 38723 6918 4334 2584 7057 4562 2495 3848 3848 78768 49735 29033 856 856 28583 27390 1193 45090 45090 1372 823 549 18934 15858 3076 3789 3789 14931 8739 6192 PUBLICATION PRINTING 41235 41235 EQUIPMENT RENTAL 20816 20816 VOLUNTEER RELATIONS 13548 12753 795 AWARDS 13217 13217 21665 21618 47 443273 298017 145256 0 0 0 389438 391519 0 0 179353 124015 0 0 0 0 0 0 23073 23055 18020 11446 126512 87844 42456 38668 0 0 0 0 0 0 0 0 0 0 652340 588703 10327 10105 0 0 192502 218658 0 0 0 0 0 0 0 0 0 0 0 0 202829 228763 X 423381 333297 26130 26643 449511 359940 652340 588703 -89571 0 X 0 0 0 X 66691 91545 46977 43295 59464 307972 244708 251941 178834 257536 246307 1179326 38330 36835 13253 29614 27477 145509 349729 380321 239064 330445 333248 1632807 4935 13808 3100 6610 5200 33653 0 4935 13808 3100 6610 5200 33653 1599154 12434 18915 8537 7085 12208 59179 12434 18915 8537 7085 12208 59179 262 906 675 66 1909 362425 400142 248276 337596 345456 1693895 0.94410 0.94730 0.03490 0.03340 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 262. 2019 AMOUNT: $ 906. 2020 AMOUNT: $ 479. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. PURCHASE DISCOUNTS - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 196. 2021 AMOUNT: $ 66. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 112526 73858 38668 13986 13986 0 0 38668 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION'S MEMBERS INTERNATIONAL AEROBATIC CLUB, INC. ("IAC") IS A GROUP OF MEMBERS WHO SUPPORT SAFETY AND PROMOTE UNDERSTANDING OF AEROBATICS THROUGH EDUCATION AND COMPETITION ON A NATIONAL AND INTERNATIONAL LEVEL. FORM 990, PART VI, SECTION A, LINE 7A MEMBER RIGHTS INTERNATIONAL AEROBATIC CLUB, INC. MEMBERS MAY VOTE DIRECTLY TO ELECT THE MAJORITY OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL RIGHTS ANY SUBSTANTIAL DISTRIBUTION OF ASSETS, CHANGE OF PURPOSE OR ALTERATION TO GOVERNING DOCUMENTS MUST BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 10B: STATEMENT CONCERNING LOCAL CHAPTER, AFFILIATE, OR BRANCH ACTIVITIES INTERNATIONAL AEROBATIC CLUB, INC. HAS DESIGNATED "CHAPTERS" BUT SUCH CHAPTERS DO NOT MEET THE DEFINITION OF "CHAPTERS" WITHIN THE MEANING PROVIDED BY FORM 990 INSTRUCTIONS. INTERNATIONAL AEROBATIC CLUB, INC. DOES NOT HAVE LEGAL AUTHORITY TO EXERCISE SUPERVISION AND CONTROL OVER THE AFFAIRS OF THE AFFILIATED CHAPTERS. ACCORDINGLY, THE ORGANIZATION HAS ANSWERED FORM 990, PART VI, LINE 10A "NO". FORM 990, PART VI, SECTION B, LINE 11B PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 THE FILING ORGANIZATION UTILIZES AN INDEPENDENT ACCOUNTING FIRM TO COMPLETE THE FORM 990 AND RELATED SCHEDULES. A DRAFT COPY OF THE FORM 990 WAS SENT ELECTRONICALLY TO THE INTERNATIONAL AEROBATIC CLUB, INC. BOARD FOR THEIR REVIEW. A FINAL COPY OF THE FORM 990 WAS DISTRIBUTED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S POLICY REGARDING CONFLICT OF INTEREST POLICY ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ANY DISCLOSURES NOTED ARE REVIEWED BY THE EXECUTIVE DIRECTOR TO DETERMINE IF THE SUBJECT MATTER OF DISCLOSURE IS DEEMED TO BE A CONFLICT OF INTEREST. IF SO, THE MATTER IS REFERRED TO THE PRESIDENT AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC INTERNATIONAL AEROBATIC CLUB, INC. MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VII: COMPENSATION OF EXECUTIVE DIRECTOR EXPERIMENTAL AIRCRAFT ASSOCIATION, INC. IN ITS CAPACITY AS COMMON PAYMASTER COMPENSATED STEPHEN KURTZAHN FOR SERVICES RENDERED TO INTERNATIONAL AEROBATIC CLUB, INC. AS EXECUTIVE DIRECTOR. FORM 990, PART IX, LINE 11G PUBLICATION EDITORIAL: PROGRAM SERVICE EXPENSES 27,838. TOTAL EXPENSES 27,838. ADMINISTRATIVE FEE: PROGRAM SERVICE EXPENSES 10,276. MANAGEMENT AND GENERAL EXPENSES 29,033. TOTAL EXPENSES 39,309. OTHERS: PROGRAM SERVICE EXPENSES 6,106. TOTAL EXPENSES 6,106. PHOTO/VIDEO SERVICES: PROGRAM SERVICE EXPENSES 5,515. TOTAL EXPENSES 5,515.