TY 2018 Form 990 Schedule O

efile Public Visual Render ObjectId: 202010139349300321 - Submission: 2020-01-13 TIN: 39-1033301

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

EAA Aviation Foundation Inc

Employer identification number

39-1033301

Return Reference	Explanation
NUMBER OF EMPLOYEES ON FORM W-3	FORM 990, PART V, LINE 2A THE NUMBER OF EMPLOYEES ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE EAA IS THE COMMON PAYMASTER FOR EAA FOUNDATION, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR EAA FOUNDATION. CLASS OR CLASSES OF PERSONS WITH CERTAIN APPROVAL RIGHTS FORM 990, PART VI, LINE 7B EAA FOUNDATION'S BOARD MEMBER NOMINEES ARE APPROVED BY THE EAA BOARD. EAA IS A RELATED TAX-EXEMPT ORGANIZATION.
PROCESS THE ORGANIZATION USES TO REVIEW FORM 990	FORM 990, PART VI, LINE 11 THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM AND REVIEWED BY ORGANIZATION MANAGEMENT. A DRAFT COPY OF THE RETURN WAS SENT ELECTRONICALLY TO THE EAA FOUNDATION BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. A FINAL COPY WAS SENT TO THE BOARD OF TRUSTEES BEFORE THE FILING DEADLINE OF JANUARY 15TH.
ORGANIZATION'S PRACTICES FOR MONITORING CONFLICTS OF INTEREST	FORM 990, PART VI, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IN-HOUSE LEGAL COUNSEL REVIEWS ALL FORMS. ANY DISCLOSURES NOTED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE TO REVIEW.
PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT	FORM 990, PART VI, LINES 15A & 15B EAA FOUNDATION DOES NOT COMPENSATE ITS TRUSTEES NOR DOES IT HAVE ANY EMPLOYEES. THE DAY-TO-DAY MANAGEMENT OF EAA FOUNDATION IS HANDLED BY EAA AND ITS EMPLOYEES. EAA IS REIMBURSED FOR THE FOUNDATION'S PROPORTIONATE SHARE OF EXPENSES BASED ON TIME SPENT AND IS INCLUDED IN EAA FOUNDATION'S ADMINISTRATIVE FEE EXPENSE.
ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC	FORM 990, PART VI, LINES 18 & 19 THE 2019 FISCAL YEAR FORM 990 WILL BE POSTED TO THE ORGANIZATION'S WEBSITE, WWW.EAA.ORG, UPON THE FILING OF THE RETURN WITH THE IRS. THE ANNUAL AUDITED FINANCIAL STATEMENT IS AVAILABLE ON EAA'S WEBSITE WWW.EAA.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST, EITHER IN HARD COPY OR ELECTRONIC FORM, WHICHEVER IS REQUESTED.
RECONCILIATION OF NET ASSETS	FORM 990, PART XI, LINE 9 CHANGE IN BENEFICIAL INTEREST: SPLIT INTEREST AGREEMENTS ($71,763) CHANGE IN CASH SURRENDER VALUE: LIFE INSURANCE ($26,365) CONTRIBUTED ASSETS FROM RELATED ENTITY ($100,000) CONTRIBUTED ASSETS TO RELATED ENTITY $743,252 ---------- TOTAL $545,124

Return Reference

Explanation

NUMBER OF EMPLOYEES ON FORM W-3

FORM 990, PART V, LINE 2A THE NUMBER OF EMPLOYEES ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE EAA IS THE COMMON PAYMASTER FOR EAA FOUNDATION, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR EAA FOUNDATION. CLASS OR CLASSES OF PERSONS WITH CERTAIN APPROVAL RIGHTS FORM 990, PART VI, LINE 7B EAA FOUNDATION'S BOARD MEMBER NOMINEES ARE APPROVED BY THE EAA BOARD. EAA IS A RELATED TAX-EXEMPT ORGANIZATION.

PROCESS THE ORGANIZATION USES TO REVIEW FORM 990

FORM 990, PART VI, LINE 11 THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM AND REVIEWED BY ORGANIZATION MANAGEMENT. A DRAFT COPY OF THE RETURN WAS SENT ELECTRONICALLY TO THE EAA FOUNDATION BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. A FINAL COPY WAS SENT TO THE BOARD OF TRUSTEES BEFORE THE FILING DEADLINE OF JANUARY 15TH.

ORGANIZATION'S PRACTICES FOR MONITORING CONFLICTS OF INTEREST

FORM 990, PART VI, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. IN-HOUSE LEGAL COUNSEL REVIEWS ALL FORMS. ANY DISCLOSURES NOTED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE TO REVIEW.

PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT

FORM 990, PART VI, LINES 15A & 15B EAA FOUNDATION DOES NOT COMPENSATE ITS TRUSTEES NOR DOES IT HAVE ANY EMPLOYEES. THE DAY-TO-DAY MANAGEMENT OF EAA FOUNDATION IS HANDLED BY EAA AND ITS EMPLOYEES. EAA IS REIMBURSED FOR THE FOUNDATION'S PROPORTIONATE SHARE OF EXPENSES BASED ON TIME SPENT AND IS INCLUDED IN EAA FOUNDATION'S ADMINISTRATIVE FEE EXPENSE.

ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC

FORM 990, PART VI, LINES 18 & 19 THE 2019 FISCAL YEAR FORM 990 WILL BE POSTED TO THE ORGANIZATION'S WEBSITE, WWW.EAA.ORG, UPON THE FILING OF THE RETURN WITH THE IRS. THE ANNUAL AUDITED FINANCIAL STATEMENT IS AVAILABLE ON EAA'S WEBSITE WWW.EAA.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST, EITHER IN HARD COPY OR ELECTRONIC FORM, WHICHEVER IS REQUESTED.

RECONCILIATION OF NET ASSETS

FORM 990, PART XI, LINE 9 CHANGE IN BENEFICIAL INTEREST: SPLIT INTEREST AGREEMENTS ($71,763) CHANGE IN CASH SURRENDER VALUE: LIFE INSURANCE ($26,365) CONTRIBUTED ASSETS FROM RELATED ENTITY ($100,000) CONTRIBUTED ASSETS TO RELATED ENTITY $743,252 ---------- TOTAL $545,124

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

Software ID:
Software Version: