Nonprofit · EIN 86-2796416
AEROX
Tax-exempt · WINSTON SALEM, NC 27101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $136,018 | $858,277 | -$722,259 | $3,511,877 | $1,201,622 | $2,310,255 |
| December 31, 2023 | 990 | $73,124 | $1,446,120 | -$1,372,996 | $4,219,239 | $1,186,487 | $3,032,752 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $135,000
- Membership dues
- $135,000
- Program service revenue
- $0
- Investment income
- $1,018
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $286,325
- Other salaries and wages
- $204,499
- Salaries, compensation and benefits (total)
- $510,909
- Professional fundraising fees
- $0
- Legal fees
- $86,154
- Accounting fees
- $1,850
- Travel
- $9,099
Balance sheet and other
- Total assets, start of year
- $4,219,239
- Total assets, end of year
- $3,511,877
- Total liabilities, end of year
- $1,201,622
- Net assets, end of year
- $2,310,255
- Land, buildings and equipment
- $2,559,302
- Gross receipts
- $136,018
- Employees
- 5
- Year formed
- 2021
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BASIL YAP | PRESIDENT & DIRECTOR Trustee or director, Officer | 0 | $201,492 |
| KYLE MOUNTS | TREASURER & DIRECTOR Trustee or director, Officer | 0 | $60,000 |
| MICHAEL BAUGHAN | SECRETARY & DIRECTOR Trustee or director, Officer | 0 | $0 |
| DAVID MOUNTS | DIRECTOR Trustee or director | 0 | $0 |
| KAREN BARNES | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BASIL YAP | PRESIDENT & DIRECTOR Trustee or director, Officer | 0 | $195,867 |
| KYLE MOUNTS | TREASURER & DIRECTOR Trustee or director, Officer | 0 | $58,239 |
| MICHAEL BAUGHAN | SECRETARY & DIRECTOR Trustee or director, Officer | 0 | $0 |
| DAVID MOUNTS | DIRECTOR Trustee or director | 0 | $0 |
| KAREN BARNES | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 W 4TH ST STE 740, WINSTON SALEM, NC 27101-3818
- In care of
- % DAVID MOUNTS GONZALEZ
- Principal officer (990 for 2024)
- BASIL YAP, PO Box 21565, WINSTONSALEM, NC 27120
- Signed the 990
- BASIL YAP, PRESIDENT
- Phone
- (336) 505-8286
- Website
- NCAEROX.COM
- Return prepared by
- PwC US Tax LLP
Mission
CREATING A NATIONAL MODEL ECOSYSTEM FOR ADVANCED AIR MOBILITY.
Program accomplishments
- AS A PARTNER IN THE NORTH CAROLINA'S DEPARTMENT OF TRANSPORTATION'S BEYOND INITIATIVE, AEROX WORKS CLOSELY WITH NCDOT'S UNMANNED AIRCRAFT SYSTEMS PROGRAM, THE FEDERAL AVIATION ADMINISTRATION AND OTHER PUBLIC AND PRIVATE PARTNERS TO UNLEASH THE FULL COMMERCIAL POTENTIAL OF UNMANNED AVIATION.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2796416
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $3,511,877
- Income (IRS master file)
- $136,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $136,018 | $858,277 | $3,511,877 | IRS |
| 990 | December 2023 | $73,124 | $1,446,120 | $4,219,239 | XML |
| 990 | December 2022 | $5,100,000 | $669,607 | $4,436,409 | IRS |
| 990 | December 2021 | – | – | – | 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 86-2796416).
Questions about AEROX
- What is the EIN of AEROX?
- The employer identification number (EIN) of AEROX is 86-2796416.
- Is AEROX tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
- Are donations to AEROX tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AEROX 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 AEROX 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 AEROX last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AEROX?
- The 990 for the year ended December 31, 2024 names BASIL YAP.
- Who are the officers and directors of AEROX?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $201,492 (BASIL YAP, PRESIDENT & DIRECTOR).
- How much revenue does AEROX have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $136,018, expenses of $858,277 and total assets of $3,511,877 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Community improvement and capacity building