Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES | Conference and Seminar Programs. The Association offers a comprehensive program of information seminars, conferences and workshops for flight department personnel. All job functions, including schedulers, dispatchers, flight attendants, maintenance managers, technicians, chief pilots and aviation department managers are covered. The conferences and seminars address current industry trends and issues as well as basic hands-on information for the successful day-to-day operation of the corporate flight department. Operations Services: The Flight Operations activities cover a wide variety of issues facing the business aviation industry. Such topics include: Safety - Review industry statistics, read safety references or submit anonymous reports on safety concerns or incidents. Security - Information on new and pending security regulations and the new transportation security. Administration (TSA) - information for flight dept. managers, including the full text of the NBAA management guide. Tax, Finance & Insurance - information on financial issues such as fed/state taxes, ramifications of the personal use of employer provided aircraft, carriage of elected officials and aviation insurance. Maintenance - guidance for maintenance personnel and a wealth of technical information in the maintenance reports database. Airports - NBAA references for airport issues. Airspace/Air traffic - NBAA references for airspace/air traffic issues. International operations - documents and online resources for flying outside of the United States. Members can also search the airport reports database to review comments submitted by corporate pilots. Membership Services: Membership in NBAA is an essential part of being a successful business aircraft operator. NBAA was founded to help aviation companies be more successful in their business aircraft operations and to help support our ability to fly. The network of over 11,000 Member Companies receives a host of services including education on operational, technical and legislative issues; current updates regulatory requirements and changes; management skills training; networking with peers; involvement with local, national and international business aviation communities, a voice in government at all levels; advancement to individual member careers; and assistance with business development. Advocacy - NBAA is the leading advocate for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The Association, which represents more than 11,000 companies, promotes policies that foster business aviation in the United States and around the world. Education - As an advocate for companies that rely on general aviation aircraft, a key part of NBAA's mission is to educate policymakers and opinion leaders on the essential nature of business aviation to citizens, communities and companies of all sizes, all across the U.S. |
| FORM 990, PART VI, SECTION A, LINE 4 - GOVERNING DOCUMENTS | THE BYLAWS WERE AMENDED TO CLARIFY THE PROCESS FOR ENACTING FUTURE AMENDMENTS FOR WHICH APPLICABLE LAW REQUIRES APPROVAL BY THE MEMBERSHIP. THE PROCESS WAS NOT PREVIOUSLY DEFINED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 - MEMBERS/STOCKHOLDERS THE MEMBERS OF THE ASSOCIATION CONSIST OF OPERATING MEMBERS, BUSINESS MEMBERS AND PROFESSIONAL MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A - OTHER MEMBERS RIGHTS | EACH OPERATING MEMBER SHALL HAVE THE RIGHT TO ONE VOTE AT ALL MEETINGS OF THE ASSOCIATION. EACH OPERATING MEMBER SHALL APPOINT IN WRITING ONE OF ITS OFFICERS, BOARD MEMBERS, AND/OR FULL-TIME EMPLOYEES AS ITS REPRESENTATIVE TO ACT FOR IT IN THE AFFAIRS OF THE ASSOCIATION. IT MAY FROM TIME TO TIME, IN THE ABSENCE OF SUCH APPOINTEE, DESIGNATE IN WRITING FROM AMONG ITS OFFICERS, BOARD MEMBERS AND/OR FULL-TIME EMPLOYEES, AN ALTERNATE TO REPRESENT IT TEMPORARILY AND VOTE ON ITS BEHALF. OTHER RIGHTS TO THE MEMBERSHIP MAY BE RESERVED THROUGH APPLICABLE LAW. |
| FORM 990, PART VI, SECTION B, LINE 11 - FORM 990 REVIEW PROCESS | The Form 990 is prepared by BDO USA, LLP, CPAs, NBAA's independent outside auditor. The data and information used to prepare the return is provided by NBAA management. Once the return is prepared by BDO and reviewed by NBAA management, it is presented to the NBAA Audit Committee and circulated to the full Board. |
| FORM 990, PART VI, SECTION B, LINE 12C - CONFLICTS OF INTEREST | CONFLICT OF INTEREST POLICIES WERE SIGNED BY EACH MEMBER OF THE BOARD OF DIRECTORS AND NBAA SENIOR MANAGEMENT. THE POLICY REQUIRES ALL CONFLICTS OF INTEREST TO BE DISCLOSED. MANAGEMENT PERFORMS INTERNAL REVIEWS TO DETERMINE IF A POTENTIAL CONFLICT IS REQUIRED TO BE DISCLOSED. NBAA'S BOOKS AND RECORDS ARE AUDITED BY AN INDEPENDENT CPA FIRM. AS PART OF THE AUDIT THEY PERFORM A SEARCH FOR CONFLICT OF INTERESTS. |
| FORM 990, PART VI, SECTION B, LINE 15 - DETERMINING COMPENSATION | The Compensation Committee of the Board of Directors reviews a compilation of the entire board's evaluation of the CEO's performance, examines benchmark compensation data provided by a compensation consultant that has been aged appropriately if necessary, and minutes of their deliberations and decisions about CEO compensation are distributed and recorded. The Compensation Committee makes recommendations to the full board of directors regarding CEO compensation. It is the full Board of Directors that makes final compensation decisions regarding CEO compensation. The CEO makes a formal presentation to the Compensation Committee of the Board of Directors regarding his evaluation of key employees' performance and makes compensation recommendations for these employees to the committee. The committee examines benchmark compensation data provided by a compensation consultant that has been aged appropriately if necessary, and decides whether or not to approve or amend the CEO's recommendations. Minutes of their deliberations and decisions are distributed and recorded. |
| FORM 990, PART VI, SECTION C, LINE 19 - AVAILABILITY OF OTHER DOCUMENTS | THE ORGANIZATION HAS ITS ARTICLES OF INCORPORATION, BYLAWS AND FINANCIAL STATEMENTS AVAILABLE ON THE NBAA WEBSITE. THE ORGANIZATION MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C - OVERSIGHT/SELECTION PROCESS | AUDIT COMMITTEE OVERSIGHT: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS | BOOK TO TAX DIFFERENCES FROM PASS THROUGH ENTITY: ($9,563) |
| FORM 990 PART IX LINE 11G | DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:3162234 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:EXHIBITION INTEGRATED SERVICES TOTAL FEES:3214860 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:ROYALTIES & COMMISSIONS TOTAL FEES:420072 |
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