| Return Reference | Explanation |
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| FORM 990, PART III, LINE 1, CONT. | THE ASSOCIATION'S FUNDAMENTAL PURPOSE IS TO FOSTER A BUSINESS AND REGULATORY ENVIRONMENT THAT ENSURES SAFE AND SECURE AIR TRANSPORTATION AND PERMITS U.S. AIRLINES TO FLOURISH, STIMULATING ECONOMIC GROWTH LOCALLY, NATIONALLY AND INTERNATIONALLY. BY WORKING WITH MEMBERS IN THE TECHNICAL, LEGAL AND POLITICAL ARENAS, A4A LEADS INDUSTRY EFFORTS TO FASHION CRUCIAL POLICY AND SUPPORTS MEASURES THAT ENHANCE AVIATION SAFETY, SECURITY AND WELL-BEING. A4A GOALS INCLUDE: - CHAMPIONING THE WORLD'S SAFEST TRANSPORTATION SYSTEM - PROTECTING AIRLINE PASSENGERS, CREWMEMBERS, AIRCRAFT AND CARGO, WORKING COLLABORATIVELY WITH THE DEPARTMENT OF HOMELAND SECURITY (DHS) AND THE TRANSPORTATION SECURITY ADMINISTRATION (TSA) - MODERNIZING THE U.S. AIR TRAFFIC MANAGEMENT SYSTEM VIA THE FEDERAL AVIATION ADMINISTRATION (FAA) CHALLENGING GOVERNMENT POLICIES THAT IMPOSE UNWISE REGULATORY BURDENS OR IMPINGE ON MARKETPLACE FREEDOMS - REDUCING THE DISPROPORTIONATE SHARE OF TAXES AND FEES PAID BY AIRLINES AND THEIR CUSTOMERS - IMPROVING THE INDUSTRY'S ABILITY TO ATTRACT THE CAPITAL NECESSARY TO MEET FUTURE DEMANDS - SHAPING INTERNATIONAL AVIATION POLICY TO ENSURE THAT U.S. AND FOREIGN CARRIERS CAN COMPETE ON EQUAL TERMS |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS THREE CATEGORIES OF MEMBERSHIP: - OPERATOR MEMBERS: U.S. AIR CARRIERS (OR A HOLDING COMPANY THAT CONTROLS ONE OR MORE U.S. AIR CARRIERS) MAY BECOME OPERATOR MEMBERS AT THE DISCRETION OF THE BOARD. ANY U.S. AIR CARRIER THAT WAS AN OPERATOR MEMBER OF THE ORGANIZATION IN GOOD STANDING AS OF SEPTEMBER 1, 2011 SHALL BE AN OPERATOR MEMBER OF THE ORGANIZATION SUBJECT TO THE OTHER PROVISIONS OF THESE BYLAWS. OPERATOR MEMBERS HAVE THE RIGHT TO APPOINT A DIRECTOR TO THE BOARD OF DIRECTORS AND VOTE ON ALL MATTERS RELATING TO THE AFFAIRS, GOVERNANCE AND POLICY POSITIONS OF THE ASSOCIATION. - ASSOCIATE MEMBERS: FOREIGN AIR CARRIERS AND U.S. AIR CARRIERS (OR A HOLDING COMPANY THAT CONTROLS ONE OR MORE FOREIGN OR U.S. AIR CARRIERS) MAY BECOME ASSOCIATE MEMBERS AT THE DISCRETION OF THE BOARD. ANY FOREIGN AIR CARRIER THAT WAS AN ASSOCIATE MEMBER OF THE ORGANIZATION IN GOOD STANDING AS OF SEPTEMBER 1, 2011 SHALL BE AN ASSOCIATE MEMBER OF THE ORGANIZATION SUBJECT TO THE OTHER PROVISIONS OF THESE BYLAWS. ASSOCIATE MEMBERS MAY PARTICIPATE IN COUNCILS AND COMMITTEES AS DETERMINED BY THE PRESIDENT BUT SHALL NOT HAVE THE RIGHT TO APPOINT DIRECTORS OR TO VOTE ON MATTERS RELATING TO THE AFFAIRS, GOVERNANCE OR POLICY POSITIONS OF THE ASSOCIATION. - INDUSTRY MEMBERS: MANUFACTURERS, SUPPLIERS, OR OTHER SIMILAR ENTITIES ENGAGED IN THE AVIATION OR AEROSPACE INDUSTRIES MAY BECOME INDUSTRY MEMBERS UPON APPROVAL BY THE PRESIDENT. INDUSTRY MEMBERS HAVE LIMITED RIGHTS AS DETERMINED BY THE PRESIDENT, AND MAY NOT PARTICIPATE IN COUNCILS AND COMMITTEES, OR VOTE ON MATTERS RELATED TO THE ORGANIZATION'S AFFAIRS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL OPERATOR MEMBERS CAN ELECT THE DIRECTORS OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL OPERATOR MEMBERS HAVE THE RIGHT TO VOTE ON ALL MATTERS RELATING TO THE AFFAIRS, GOVERNANCE, AND POLICY POSITIONS OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 AND 990-T ARE PREPARED WITH OUTSIDE ASSISTANCE AND REVIEWED INTERNALLY PRIOR TO FORWARDING TO THE IRS. THE ASSOCIATION NOTIFIES THE AUDIT AND FINANCE COMMITTEE AND THE BOARD THAT THE FORMS ARE FILED AND AVAILABLE FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ASSOCIATION ADOPTED A BOARD-LEVEL CONFLICT OF INTEREST POLICY EFFECTIVE SEPTEMBER 2010. THE CONFLICT OF INTEREST STATEMENTS FROM EACH DIRECTOR ARE UPDATED ANNUALLY. THE ASSOCIATION CONTINUES TO MAINTAIN A CONFLICT OF INTEREST POLICY COVERING ITS OFFICERS AND EMPLOYEES. THAT POLICY IS UPDATED ANNUALLY AND THE ASSOCIATION HAS A WHISTLE BLOWER POLICY. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE BOARD OF DIRECTORS WILL DETERMINE IF FURTHER ACTION IS NECESSARY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ASSOCIATION'S CEO COMPENSATION IS SET BY FORMAL WRITTEN CONTRACT AND WAS GOVERNED BY THE COMPENSATION COMMITTEE OF THE BOARD. THE COMPENSATION COMMITTEE USED INDEPENDENT OUTSIDE CONSULTANTS AND MARKET-LEVEL DATA THAT INCLUDED OTHER ASSOCIATIONS COMPENSATION COMPARISONS TO DETERMINE THE APPROPRIATE LEVEL OF COMPENSATION FOR THE CEO. THE RECOMMENDATION OF THE COMPENSATION COMMITTEE IS THEN APPROVED BY THE BOARD AND A FORMAL CONTRACT PREPARED. ANY AMENDMENT OR ADJUSTMENT TO THE CONTRACT IN FORCE IS THE RESPONSIBILITY OF THE CHAIRMAN AND THE BOARD. BEGINNING IN 2011, WITH A SHRINKING BOARD MEMBER COUNT, THE BOARD HANDLES THE COMPENSATION OF THE CEO WITH THE CHAIRMAN HANDLING THE RESPONSIBILITIES. AT SUCH TIME OF AN EXTENSION OR TERMINATION, THE BOARD, THROUGH EXECUTIVE SESSION HANDLES ALL MATTERS RELATIVE TO CEO COMPENSATION. THE CEO'S CONTRACT WAS EXTENDED THREE YEARS IN 2021 THROUGH DECEMBER 31, 2024 AND WILL AUTO-RENEW ANNUALLY UNLESS TERMINATED BY THE ASSOCIATION OR THE EXECUTIVE. THE PRESIDENT IN HIS CAPACITY AS CEO OF THE ASSOCIATION IS RESPONSIBLE FOR SETTING THE COMPENSATION OF OFFICERS AND EMPLOYEES. IN COORDINATION WITH THE CHIEF FINANCIAL OFFICER, AND DIRECTOR OF ADMINISTRATION, THE COMPENSATION OF ALL STAFF IS REVIEWED AGAINST MARKET DATA AND INDEPENDENT SALARY STUDIES FOR CORRESPONDING POSITIONS AND ADJUSTMENTS ARE MADE ACCORDINGLY IF NECESSARY. THIS INCLUDES MERIT INCREASE LEVELS AS WELL AS EQUITY ADJUSTMENTS. ANY RESULTING INCREASE IS THEN PRESENTED TO THE BOARD WITHIN THE ASSOCIATION'S BUDGET PROCESS FOR APPROVAL. EACH TIME A VACANCY OCCURS, CURRENT MARKET CONDITIONS, DRIVEN BY APPLICANTS, TENDS TO INFLUENCE COMPENSATION AMOUNTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE, HOWEVER, ITS TAX RETURNS ARE AVAILABLE VIA REQUEST, AS REQUIRED BY LAW. |
| FORM 990, PART XI, LINE 9: | OTHER DEFINED BENEFIT CHANGES 889,461. NET PERIODIC BENEFIT CHANGES -848,542. |
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