Nonprofit · EIN 53-0261213
VERTICAL AVIATION INTERNATIONAL INC
Tax-exempt · ALEXANDRIA, VA 22314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,788,832 | $18,449,803 | $2,339,029 | $58,272,088 | $34,529,043 | $23,743,045 |
| June 30, 2024 | 990 | $19,428,674 | $19,921,667 | -$492,993 | $60,141,215 | $36,806,952 | $23,334,263 |
| June 30, 2023 | 990 | $18,690,484 | $17,936,628 | $753,856 | $65,113,607 | $40,377,095 | $24,736,512 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $240,202
- of which government grants
- $50,000
- Program service revenue
- $16,045,894
- Investment income
- $1,230,701
- Royalties
- $9,503
- Net rental income
- $3,109,781
- Net gain from sales of assets
- -$53,273
- Other revenue
- $3,272,035
Expenses
- Grants and similar amounts paid
- $31,100
- Compensation of officers, directors and key employees
- $1,464,414
- Other salaries and wages
- $3,611,451
- Salaries, compensation and benefits (total)
- $6,015,656
- Professional fundraising fees
- $0
- Legal fees
- $454,041
- Accounting fees
- $189,543
- Occupancy
- $792,781
- Travel
- $931,403
- Depreciation
- $1,987,520
Balance sheet and other
- Total assets, start of year
- $60,141,215
- Total assets, end of year
- $58,272,088
- Total liabilities, end of year
- $34,529,043
- Net assets, end of year
- $23,743,045
- Land, buildings and equipment
- $12,561,377
- Publicly traded securities
- $8,980,046
- Net assets without donor restrictions
- $23,716,345
- Net assets with donor restrictions
- $26,700
- Gross unrelated business income
- $1,271,576
- Gross receipts
- $22,927,966
- Employees
- 42
- Volunteers
- 12
- Year formed
- 1988
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES VIOLA THRU 32025 | PRESIDENT & CEO Officer | 40 | $739,064 | $32,637 |
| MICHAEL HERTZENDORF | CHIEF OPERATING OFFICER Key employee | 40 | $280,031 | $28,622 |
| CADE CLARK | VP OF GOVERNMENT AFFAIRS Key employee | 40 | $266,266 | $12,496 |
| CHRISTOPHER MARTINO | VP OF OPERATIONS Key employee | 40 | $216,788 | $26,529 |
| CHRISTOPHER HILL | DIRECTOR OF SAFETY Highest-paid employee | 40 | $200,252 | $24,928 |
| CHARLOTTE ZILKE | SR DIRECTOR OF CONVENTIONS Highest-paid employee | 40 | $201,001 | $24,091 |
| REGINA KVITOVICH | DIRECTOR OF PUBLICATIONS Highest-paid employee | 40 | $195,200 | $23,912 |
| DANIEL SWEET THRU 122024 | DIRECTOR OF PUBLIC RELATIONS Highest-paid employee | 40 | $187,540 | $22,150 |
| SARAH ARNOLD | CORPORATE SECRETARY Officer | 40 | $177,419 | $22,900 |
| JOSHUA ROUSSEAU | NE REGIONAL REPRESENTATIVE Highest-paid employee | 40 | $152,200 | $4,717 |
| MARK A SCHLAEFLI | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN JORGENSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICK KENIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PAUL GOTTWIG | ASSISTANT TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MILLER STALLINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STACY SHEARD | DIRECTOR Trustee or director | 1 | $0 |
| RANDY ROWLES | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MCCOLL | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE BATTJES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James Viola | President and CEO Officer | 40 | $740,687 | $32,637 |
| Michael Hertzendorf | Chief Operating Officer Key employee | 40 | $239,509 | $28,252 |
| Cade Clark | VP of Government Affairs Key employee | 40 | $224,514 | $41,540 |
| Roxanne Fox | Chief of Staff (Term. 6/2023) Officer | 40 | $252,344 | $9,389 |
| Christopher Martino | VP of Operations Key employee | 40 | $192,537 | $26,184 |
| Christopher Hill | Director of Safety Highest-paid employee | 40 | $178,680 | $24,928 |
| Regina Kvitovich | Director of Publications Highest-paid employee | 40 | $165,938 | $23,912 |
| Daniel Sweet | Director of Public Relations Highest-paid employee | 40 | $151,515 | $22,150 |
| Sarah Arnold | Corporate Secretary Officer | 40 | $137,391 | $22,900 |
| Nicole Battjes | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Mark Schlaefli | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Rick Kenin | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Brian Jorgenson | Assistant Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Paul Gottwig | Director Trustee or director | 1 | $0 | $0 |
| David McColl | Director Trustee or director | 1 | $0 | $0 |
| Randal Rowles | Director Trustee or director | 1 | $0 | $0 |
| Stacy Sheard | Director Trustee or director | 1 | $0 | $0 |
| Robert Stallings | Director Trustee or director | 1 | $0 | $0 |
| H Bryan Brewer III | Legal Advisor Trustee or director | 1 | $0 | $0 |
| Jonathan Daniels | Special Advisor Trustee or director | 1 | $0 | $0 |
| Francois Lassale | Special Advisor Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES VIOLA | PRESIDENT AND CEO Officer | 40 | $698,861 | $18,525 |
| CADE CLARK | VP OF GOVERNMENT AFFAIRS Key employee | 40 | $223,131 | $47,741 |
| ROXANNE FOX | CHIEF OF STAFF (UNTIL 6/2023) Officer | 40 | $218,191 | $31,168 |
| MICHAEL HERTZENDORF | CHIEF OPERATING OFFICER Key employee | 40 | $213,735 | $30,796 |
| CHRISTOPHER MARTINO | VP OF OPERATIONS Key employee | 40 | $184,076 | $29,071 |
| CHRISTOPHER HILL | DIRECTOR OF SAFETY Highest-paid employee | 40 | $163,023 | $27,408 |
| DANIEL SWEET | DIRECTOR OF PUBLIC RELATIONS Highest-paid employee | 40 | $153,359 | $26,424 |
| REGINA KVITOVICH | DIRECTOR OF PUBLICATIONS Highest-paid employee | 40 | $150,642 | $26,445 |
| JEFFREY SMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| B ADAM HAMMOND | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICOLE BATTJES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARK SCHLAEFLI | ASST TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN JORGENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK KENIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDAL ROWLES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACY SHEARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R MILLER STALLINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| H BRYAN BREWER III | LEGAL ADVISOR Trustee or director | 1 | $0 | $0 |
| JONATHAN DANIELS | SPECIAL ADVISOR Trustee or director | 1 | $0 | $0 |
| FRANCOIS LASSALE | SPECIAL ADVISOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1920 BALLENGER AVENUE 4TH FL, ALEXANDRIA, VA 22314-6913
- Principal officer (990 for 2024)
- FRANCOIS LASSALE, 1920 BALLENGER AVENUE, ALEXANDRIA, VA 22314
- Signed the 990
- FRANCOIS LASSALE, PRESIDENT & CEO
- Phone
- (703) 683-4646
- Website
- WWW.VERTICALAVI.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
INTERNATIONALLY REPRESENT ALL ASPECTS OF THE VERTICAL TAKE-OFF & LANDING (VTOL) INDUSTRY. BE THE LEADING GLOBAL VOICE IN PROMOTING SAFETY, COMMUNITY COMPATIBILITY, PROFESSIONALISM, INNOVATION, AND THE ECONOMIC VIABILITY OF THE INDUSTRY.
Program accomplishments
- CONFERENCES AND TRADE SHOWS: SUPPORT THE GLOBAL VTOL INDUSTRY BY PROVIDING FORUMS WHERE HELICOPTER PROFESSIONALS CAN GATHER TO CONDUCT BUSINESS; SHOWCASE PRODUCTS, SERVICES, AND TECHNOLOGY; EXCHANGE INFORMATION, BEST PRACTICES, AND IDEAS; TAKE ADVANTAGE OF PROFESSIONAL EDUCATION OPPORTUNITIES; PARTICIPATE IN CAREER DEVELOPMENT AND JOB SEARCH ACTIVITIES; COLLABORATE TO IMPROVE AND PROMOTE INDUSTRY SAFETY AND TO ADDRESS OTHER INDUSTRY ISSUES; AND NETWORK WITH PEERS. VAI'S ANNUAL CONFERENCE AND TRADE SHOW, VAI VERTICON, IS THE WORLD'S LARGEST VTOL SHOW. VAI ALSO PRESENTS AN ANNUAL AERIAL WORK SAFETY CONFERENCE THAT SUPPORTS THE FIREFIGHTING, UTILITY PATROL AND CONSTRUCTION, AND RESTRICTED-CATEGORY AIRCRAFT SECTORS, AS WELL AS MEETINGS TO SUPPORT ADDITIONAL INDUSTRY SECTORS, SUCH AS ADVANCED AIR MOBILITY. VAI GLOBAL PROGRAM COORDINATES WORLDWIDE INDUSTRY COLLABORATION TO MAINTAIN AND ENHANCE SAFETY AND ECONOMIC VIABILITY OF THE INTERNATIONAL VERTICAL AVIATION INDUSTRY.
- MEMBERSHIP: PROVIDE VAI MEMBERS WITH SERVICES THAT DIRECTLY BENEFIT THEIR OPERATIONS AND ADVANCE THE INTERNATIONAL HELICOPTER INDUSTRY BY PROVIDING PROGRAMS THAT ENHANCE SAFETY AND ENCOURAGE PROFESSIONALISM AND ECONOMIC VIABILITY WHILE PROMOTING THE UNIQUE CONTRIBUTIONS VERTICAL FLIGHT OFFERS TO SOCIETY. EXCLUSIVE VAI MEMBER BENEFITS INCLUDE: DIRECT ACCESS TO VAI TECHNICAL, REGULATORY, AND LEGISLATIVE STAFF; MEMBERSHIP IN VAI WORKING GROUPS; LEGISLATIVE RESOURCES AND UPDATES; VISIBILITY FOR MEMBER COMPANY NEWS IN ROTOR MEDIA; MEMBER COMPANY EMPLOYMENT LISTINGS ON VAI PARTNER'S JOB BOARD; PROGRAMS TO ELEVATE MEMBER COMPANY'S LEVEL OF SAFETY, INCLUDING SMS, ASAP, AND FRAT PROGRAMS; AND DISCOUNTS ON ATTENDING OR EXHIBITING AT VAI EVENTS, ON VAI EDUCATION COURSES, OR ON ADVERTISING IN VAI MEDIA.
- GOVERNMENT AFFAIRS: VAI IS DEDICATED TO PROMOTING VERTICAL FLIGHT AS A SAFE, EFFECTIVE TOOL FOR BUSINESS AND TO ADVANCING THE INTERNATIONAL ROTORCRAFT COMMUNITY, WHICH INCLUDES HELICOPTERS, TILTROTORS, VERTICAL-LIFT UNMANNED AIRCRAFT SYSTEMS, AND THE DEVELOPING FIELD OF ADVANCED AIR MOBILITY. VAI ADVOCATES FOR EXPANDING THE USE OF VERTICAL FLIGHT, ON BEHALF OF OUR MEMBERS AND FOR THE BENEFIT OF SOCIETY, WITH LEGISLATORS, REGULATORS, AND GOVERNMENT AGENCIES AROUND THE WORLD. VAI'S DILIGENT WORK AGAINST BURDENSOME REGULATIONS AND ADVOCATING TO ENSURE A SAFE, SUSTAINABLE, AND ECONOMICALLY VIABLE FUTURE FOR OUR INDUSTRY IS AT THE FOREFRONT OF EVERYTHING WE DO.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 53-0261213
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $58,272,088
- Income (IRS master file)
- $22,927,966
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,788,832 | $18,449,803 | $58,272,088 | IRS |
| 990 | June 2024 | $19,428,674 | $19,921,667 | $60,141,215 | IRS |
| 990 | June 2023 | $18,690,484 | $17,936,628 | $65,113,607 | XML |
| 990 | June 2022 | $16,968,416 | $13,892,452 | $43,682,143 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 53-0261213).
Questions about VERTICAL AVIATION INTERNATIONAL INC
- What is the EIN of VERTICAL AVIATION INTERNATIONAL INC?
- The employer identification number (EIN) of VERTICAL AVIATION INTERNATIONAL INC is 53-0261213.
- Is VERTICAL AVIATION INTERNATIONAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to VERTICAL AVIATION INTERNATIONAL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERTICAL AVIATION INTERNATIONAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERTICAL AVIATION INTERNATIONAL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERTICAL AVIATION INTERNATIONAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERTICAL AVIATION INTERNATIONAL INC?
- The 990 for the year ended June 30, 2025 names FRANCOIS LASSALE.
- Who are the officers and directors of VERTICAL AVIATION INTERNATIONAL INC?
- The 990 for the year ended June 30, 2025 lists 19 people; 10 received compensation from the organization, the highest $739,064 (JAMES VIOLA THRU 32025, PRESIDENT & CEO).
- How much revenue does VERTICAL AVIATION INTERNATIONAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,788,832, expenses of $18,449,803 and total assets of $58,272,088 at year end.
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