2024-05-13T09:17:11-05:00 2023-06-30 571157523 APRIO LLP 111 ROCKVILLE PIKE SUITE 600 ROCKVILLE MD 20850 990 2022-07-01 521297129 VAI FOUNDATION INC VAIF 7036834646 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 JAMES A VIOLA PRESIDENT & CEO 7036834646 2024-05-13 1 JAMES VIOLA 999009999 0 STACY CULLEN P00974308 3012316200 2024-05-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JAMES A VIOLA 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 607742 0 X WWW.VAIFOUNDATION.ORG X 1983 DC PROMOTE HELICOPTER SAFETY & EDUCATION, AND PRESERVE HISTORICAL DATA RELATING TO THE HELICOPTER. 12 12 0 12 0 0 500 607742 0 0 43900 0 0 0 44400 607742 0 0 0 0 0 0 0 0 0 3831 390 3831 390 40569 607352 17992 42932 637962 55550 -619970 -12618 THE VAI FOUNDATION, INC. (THE FOUNDATION) IS ORGANIZED TO PROMOTE HELICOPTER SAFETY AND EDUCATION, AND TO PRESERVE HISTORICAL DATA RELATING TO THE HISTORY AND DEVELOPMENT OF THE HELICOPTER. 0 0 390 SCHOLARSHIPS: THE FOUNDATION OFFERS AN ARRAY OF SCHOLARSHIPS TO ANSWER THE NEED FOR BOTH QUALIFIED HELICOPTER PILOTS AND MAINTENANCE TECHNICIANS, AND TO PROVIDE FURTHER TRAINING FOR SAFETY MANAGERS AND OTHER PROFESSIONALS IN THE SAFETY FIELD. 390 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 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 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X JAMES A VIOLA 7036834646 1920 BALLENGER AVENUE ALEXANDRIA VA 22314 JEFFREY SMITH CHAIR 1.00 1.00 X X 0 0 0 B ADAM HAMMOND VICE CHAIR 1.00 1.00 X X 0 0 0 NICOLE BATTJES TREASURER 1.00 1.00 X X 0 0 0 MARK SCHLAEFLI ASST TREASURER 1.00 1.00 X X 0 0 0 BRIAN JORGENSON DIRECTOR 1.00 1.00 X 0 0 0 RICK KENIN DIRECTOR 1.00 1.00 X 0 0 0 RANDAL ROWLES DIRECTOR 1.00 1.00 X 0 0 0 STACY SHEARD DIRECTOR 1.00 1.00 X 0 0 0 R MILLER STALLINGS DIRECTOR 1.00 1.00 X 0 0 0 H BRYAN BREWER III LEGAL ADVISOR 1.00 1.00 X 0 0 0 JONATHAN DANIELS SPECIAL ADVISOR 1.00 1.00 X 0 0 0 FRANCOIS LASSALE SPECIAL ADVISOR 1.00 1.00 X 0 0 0 JAMES VIOLA PRESIDENT AND CEO 40.00 1.00 X 0 698861 18525 ROXANNE FOX CHIEF OF STAFF (UNTIL 6/2023) 40.00 1.00 X 0 218191 31168 0 917052 49693 0 0 1 0 0 607742 607742 607742 0 0 0 60 60 DUES AND SUBSCRIPTIONS 200 200 TAXES & LICENSES 130 130 390 390 0 0 195 5284 12247 1248 0 36400 5550 0 17992 42932 5850 55550 632112 637962 55550 X -619970 -12618 -619970 -12618 17992 42932 607352 0 X X 0 1 X 1 0 X 26376 56677 25 500 1 83579 26376 56677 25 500 1 83579 83579 18825 19212 19782 2040 0 59859 143438 0.58270 0.67030 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CANCELLATION OF DEBT DATE: 06/30/23 AMOUNT: 607742. PART IV, SECTION A, LINE 1: THE ORGANIZATION RECOGNIZED A CANCELLATION OF DEBT TOTALING $607,742 FROM THE RELATED ORGANIZATION, VERTICAL AVIATION INTERNATIONAL. THIS AMOUNT HAS BEEN REPORTED AS AN UNUSUAL GRANT ON SCHEDULE A. BUT, DUE TO A SOFTWARE RESTRICTION, A CONTRIBUTION AMOUNT IS REQUIRED TO BE REPORTED ON SCHEDULE A, PART II, LINE 1E FOR E-FILING PURPOSES, THEREFORE, $1 HAS BEEN REPORTED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 607742 0 607742 0 607742 390 0 390 0 390 PART X, LINE 2: THE ORGANIZATION REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, NO PROVISION FOR INCOME TAXES WAS MADE, AS THE ORGANIZATION HAD NO TAXABLE NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAINTY IN INCOME TAXES REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JAMES VIOLA PRESIDENT AND CEO 0 698861 0 0 0 0 0 0 0 18525 0 717386 0 0 ROXANNE FOX CHIEF OF STAFF (UNTIL 6/2023) 0 218191 0 0 0 0 0 0 0 31168 0 249359 0 0 PART I, LINE 3 THE FOUNDATION DOES NOT DIRECTLY HIRE OR COMPENSATE THE PRESIDENT AND CEO OF HAI. THE PRESIDENT AND CEO OF HAI IS AN EMPLOYEE OF THE ASSOCIATION FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. UPON SUBMISSION OF THE DRAFT FEDERAL FORM 990, IT IS REVIEWED BY THE PRESIDENT AND CEO OF HAI. THE FEDERAL FORM 990 IS THEN APPROVED AND FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF HAI. UNDER THIS POLICY, THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY AND DISCLOSES ANY POTENTIAL CONFLICT OF INTEREST. ALL STAFF AND THE BOARD OF DIRECTORS OF THE FOUNDATION SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE SIGNED DOCUMENTS ARE REVIEWED BY THE PRESIDENT AND CEO OF HAI AND GENERAL COUNSEL AND KEPT BY THE COO/CORPORATE SECRETARY. THE CONFLICT OF INTEREST POLICY IS ALWAYS TAKEN INTO CONSIDERATION WHEN THERE IS A POTENTIAL CONFLICT, PARTICULARLY AS CONDITION FOR HIRING OR BEGINNING NEW RELATIONSHIPS. IF A CONFLICTING INTEREST EXISTS, THE PRESIDENT AND CEO OF HAI WILL DETERMINE THE APPROPRIATE STEP TO BE TAKEN UNDER THE CIRCUMSTANCES. POSSIBLE STEP INCLUDE BUT ARE NOT LIMITED TO : REQUIRING THE INTERESTED EMPLOYEE TO REFRAIN FROM PARTICIPATING IN ANY DECISION OR POLICY MAKING IN A PENDING MATTER RELATING TO THE CONFLICTING INTEREST; REQUIRING THE EMPLOYEE TO DIVEST HIMSELF OR HERSELF OF THE CONFLICTING INTEREST; OR, IN SUFFICIENTLY SERIOUS SITUATIONS, TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION KEEPS ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ON FILE AT THE HEADQUARTERS BUILDING AND MAKES THEM AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST WITHIN THE LIMITS OF THE LAW. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. VERTICAL AVIATION INTERNATIONAL INC 1920 BALLENGER AVENUE ALEXANDRIA VA 223142898 530261213 SERVICES THAT BENEFIT HELICOPTER OPER, SAFETY & ENCOURAGE PROFESSIONALISM DE 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0