2024-11-08T10:32:53-06:00 2023-12-31 351476702 BRADY WARE & SCHOENFELD INC 2206 CHESTER BLVD RICHMOND IN 47374 990 2023-01-01 461336590 ACADEMY OF MODEL AERONAUTICS FOUNDATION INC ACAD 7652871256 5161 E MEMORIAL DR MUNCIE IN 47302 CHAD BUDREAU EXECUTIVE DIRECTOR 7652871256 2024-10-31 1 1 TRACY A HAINES CPA P00517541 7659660531 2024-10-31 2023 2024-10-15 13:58:12Z CHAD BUDREAU 5161 E MEMORIAL DR MUNCIE IN 47302 860712 0 X AMAFOUNDATION.MODELAIRCRAFT.ORG X 2012 IN TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC. 7 7 0 7 0 0 389304 716609 0 0 -3478 -25372 0 0 385826 691237 120777 117423 0 0 39085 73142 0 0 0 47272 140566 207134 331131 178692 360106 1521774 2470666 130608 499570 1391166 1971096 TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC. 0 0 117423 117423 TO SUPPORT THE VARIOUS EXEMPT ACTIVITIES OF THE ACADEMY OF MODEL AERONAUTICS, INC. 117423 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 IN X SUE AHLBRAND 7652871256 5161 E MEMORIAL DR MUNCIE IN 47302 DON BOTT VICE CHAIR 1.00 X X 0 0 0 RUSTY KENNEDY CHAIR 1.00 X X 0 0 0 RICH HANSON BOARD MEMBER 1.00 X 0 0 0 TIM JESKY BOARD MEMBER 1.00 X 0 0 0 BILL BARBEE BOARD MEMBER 1.00 X 0 0 0 JAMES LAYNE BOARD MEMBER 1.00 X 0 0 0 STEVE HASTON FOUNDATION DIRECTOR 40.00 X X 0 61888 0 TOM DENNEY BOARD MEMBER 1.00 X 0 0 0 0 61888 0 0 0 0 0 0 716609 716609 19080 19080 125023 169475 -44452 -44452 -44452 691237 0 0 -25372 117423 117423 67547 67547 5595 5595 2375 2375 8324 8324 37024 37024 8437 8437 9362 9362 DUES, SUBSCRIPTIONS 24508 24508 CONTRACT LABOR 19933 19933 AWARDS 11000 11000 WALK OF FAME EXPENSE 10035 10035 9568 9568 331131 117423 213708 0 532115 1436068 40855 35638 0 0 35638 948804 998960 1521774 2470666 130608 499570 130608 499570 X 629010 791846 762156 1179250 1391166 1971096 1521774 2470666 X 360106 219823 1 X 0 1 X 0 0 X X 1 THE ACADEMY OF MODEL AERONAUTICS INC 520799408 10 1 117423 0 1 117423 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 483694 483694 410138 57914 15642 483694 401091 9047 410138 392329 2624 6138 401091 385064 960 6305 392329 0.70000 0.29000 0.01000 0 1 1 35638 35638 35638 X PART V, LINE 4: THE FUNDS WERE ESTABLISHED TO BE HELD IN PERPETUITY AND INVESTED TO PROVIDE A STABLE FUNDING SOURCE FOR THE ACADEMY OF MODEL AERONAUTICS, INC'S BENEVOLENT PROGRAMS. THE FOUNDATION'S PERMANENTLY RESTRICTED NET ASSETS AS OF DECEMBER 31, 2023 ARE NOT HELD IN A SEPARATE ENDOWMENT FUND BUT ARE PART OF THE FOUNDATION'S TOTAL CASH AND INVESTMENT PORTFOLIO. ALLOCATIONS ARE CALCULATED BASED ON PRIOR YEAR FUND BALANCE. UPON APPROVAL OF GRANT EXPENDITURES, AMOUNTS ARE CONSIDERED TO BE APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE ACADEMY'S AND FOUNDATION'S TAX RETURNS, TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THIS STATEMENT PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE ACADEMY OR FOUNDATION HAVE TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE ACADEMY'S OR FOUNDATION'S EXEMPT STATUS IN JEOPARDY, AS OF DECEMBER 31, 2023. 0 ACADEMY OF MODEL AERONAUTICS INC 5161 EAST MEMORIAL DRIVE MUNCIE IN 47302 520799408 501 (C) 3 117423 0 GRANT FOR THE NATIONAL SITE, THE MUSEUM, SCHOLARSHIPS, AND EDUCATION 1 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED PRIOR TO FILING BY THE EXECUTIVE DIRECTOR, THE CONTROLLER OF THE ACADEMY OF MODEL AERONAUTICS, INC. AND THE CHIEF FINANCIAL OFFICER OF THE ACADEMY OF MODEL AERONAUTICS, INC. BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF THE CONFLICT TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTIONS. THE INTERESTED PERSONAL SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE ISSUE IS DISCUSSED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE THE ORGANIZATIONAL DOCUMENTS AND 990 UPON REQUEST FORM 990, PART XI, LINE 9: ROUNDING 1. ACADEMY OF MODEL AERONAUTICS INC 5161 EAST MEMORIAL DRIVE MUNCIE IN 47302 520799408 EDUCATIONAL PROGRAMS RELATED TO MODEL AIRCRAFT BUILDING, DESIGN, ETC IN 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 ACADEMY OF MODEL AERONAUTICS INC B 117423 CASH ACADEMY OF MODEL AERONAUTICS INC O 73143 CASH