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Nonprofit · EIN 82-2502157

AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN

Tax-exempt · ROCHESTER HLS, MI 48306

Financials

$653K$595K2023$658K$714K2024
Revenue Expenses · by fiscal year end
Financials of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$657,774$714,257-$56,483$273,925$99,472$174,453
December 31, 2023990$652,751$594,522$58,229$210,515$18,931$191,584
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$349,976
Investment income
$0
Net income from fundraising events
$307,798
Other revenue
$307,798

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$187,180
Other salaries and wages
$218,365
Salaries, compensation and benefits (total)
$465,008
Professional fundraising fees
$0
Accounting fees
$3,543
Travel
$15,240

Balance sheet and other

Total assets, start of year
$210,515
Total assets, end of year
$273,925
Total liabilities, end of year
$99,472
Net assets, end of year
$174,453
Gross receipts
$938,420
Employees
3
Year formed
2017
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Tony VernaciPresident
Officer
47$187,180
Tyler FordTrustee
Trustee or director
1$0
Matt EurichTrustee
Trustee or director, Officer
1$0
Michael StrattonTrustee
Trustee or director, Officer
1$0
Will DewTrustee
Trustee or director
1$0
Larry MartinTrustee
Trustee or director
1$0
Mike StengelTrustee
Trustee or director
1$0
Stacy PaulTrustee
Trustee or director
1$0
Ryan DeanTrustee
Trustee or director
1$0
Mirko GambaTrustee
Trustee or director
1$0
Sara McMurrayTrustee
Trustee or director
1$0
Todd BrassardTrustee
Trustee or director
1$0
Jeffrey SimekTrustee
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
Tony VernaciPresident
Officer
47$214,800
Tyler FordTrustee
Trustee or director
1$0
Matt EurichTrustee
Trustee or director, Officer
1$0
Michael StrattonTrustee
Trustee or director, Officer
1$0
Will DewTrustee
Trustee or director
1$0
Larry MartinTrustee
Trustee or director
1$0
Mike StengelTrustee
Trustee or director
1$0
Stacy PaulTrustee
Trustee or director
1$0
Ryan DeanTrustee
Trustee or director
1$0
Mirko GambaTrustee
Trustee or director
1$0
Sara McMurrayTrustee
Trustee or director
1$0
Todd BrassardTrustee
Trustee or director
1$0
Jeffrey SimekTrustee
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
2564 TOWER HILL CT, ROCHESTER HLS, MI 48306-3059
Signed the 990
Antonio Vernaci, President
Phone
(616) 446-6537
Return prepared by
The Family Financials LLC

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • MEMBERSHIP FEES - TO BE THE COLLECTIVE VOICE FOR SMALL, MEDIUM AND RESEARCH AND MARKET ACCESS.THE ASSOCIATION PUBLISHES A DIGITAL MEMBERSHIP DIRECTORY & UPDATES ON A MONTHLY BASIS, MAINTAINS A FULLY SEARCHABLE DATABASE OF MEMBER CAPABILITIES, HOST MEMBER COMPANY LOGOS AND LINK TO THEIR COMPANY URL ON THE AIAM WEBSITE, ORGANIZES AND EXECUTES MULTIPLE NETWORKING EVENTS THROUGHOUT THE YEAR, UTILIZE RELATIONSHIPS WITH HIGHER EDUCATIONAL INSTITUTIONS FOR TALENT ATTRACTION INITIATIVES, DEVELOP AND DELIVER K-12 PROGRAMS FOCUSED ON STEM EDUCATION.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-2502157
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$273,925
Income (IRS master file)
$938,420

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$657,774$714,257$273,925IRS
990December 2023$652,751$594,522$210,515XML
990December 2022$528,744$452,115$113,749IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2502157).

Questions about AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN

What is the EIN of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN?
The employer identification number (EIN) of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN is 82-2502157.
Is AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2018.
Are donations to AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $187,180 (Tony Vernaci, President).
How much revenue does AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $657,774, expenses of $714,257 and total assets of $273,925 at year end.

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