Nonprofit · EIN 82-2502157
AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN
Tax-exempt · ROCHESTER HLS, MI 48306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $657,774 | $714,257 | -$56,483 | $273,925 | $99,472 | $174,453 |
| December 31, 2023 | 990 | $652,751 | $594,522 | $58,229 | $210,515 | $18,931 | $191,584 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $349,976
- Investment income
- $0
- Net income from fundraising events
- $307,798
- Other revenue
- $307,798
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $187,180
- Other salaries and wages
- $218,365
- Salaries, compensation and benefits (total)
- $465,008
- Professional fundraising fees
- $0
- Accounting fees
- $3,543
- Travel
- $15,240
Balance sheet and other
- Total assets, start of year
- $210,515
- Total assets, end of year
- $273,925
- Total liabilities, end of year
- $99,472
- Net assets, end of year
- $174,453
- Gross receipts
- $938,420
- Employees
- 3
- Year formed
- 2017
- State of legal domicile
- MI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Vernaci | President Officer | 47 | $187,180 |
| Tyler Ford | Trustee Trustee or director | 1 | $0 |
| Matt Eurich | Trustee Trustee or director, Officer | 1 | $0 |
| Michael Stratton | Trustee Trustee or director, Officer | 1 | $0 |
| Will Dew | Trustee Trustee or director | 1 | $0 |
| Larry Martin | Trustee Trustee or director | 1 | $0 |
| Mike Stengel | Trustee Trustee or director | 1 | $0 |
| Stacy Paul | Trustee Trustee or director | 1 | $0 |
| Ryan Dean | Trustee Trustee or director | 1 | $0 |
| Mirko Gamba | Trustee Trustee or director | 1 | $0 |
| Sara McMurray | Trustee Trustee or director | 1 | $0 |
| Todd Brassard | Trustee Trustee or director | 1 | $0 |
| Jeffrey Simek | Trustee Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Vernaci | President Officer | 47 | $214,800 |
| Tyler Ford | Trustee Trustee or director | 1 | $0 |
| Matt Eurich | Trustee Trustee or director, Officer | 1 | $0 |
| Michael Stratton | Trustee Trustee or director, Officer | 1 | $0 |
| Will Dew | Trustee Trustee or director | 1 | $0 |
| Larry Martin | Trustee Trustee or director | 1 | $0 |
| Mike Stengel | Trustee Trustee or director | 1 | $0 |
| Stacy Paul | Trustee Trustee or director | 1 | $0 |
| Ryan Dean | Trustee Trustee or director | 1 | $0 |
| Mirko Gamba | Trustee Trustee or director | 1 | $0 |
| Sara McMurray | Trustee Trustee or director | 1 | $0 |
| Todd Brassard | Trustee Trustee or director | 1 | $0 |
| Jeffrey Simek | Trustee Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2564 TOWER HILL CT, ROCHESTER HLS, MI 48306-3059
- Signed the 990
- Antonio Vernaci, President
- Phone
- (616) 446-6537
- Return prepared by
- The Family Financials LLC
Mission
A platform for aerospace leaders in the state to work together on a common set of priorities to strengthen and support the continued growth in the industry through talent attraction and new investment in Michigan
Program accomplishments
- MEMBERSHIP FEES - TO BE THE COLLECTIVE VOICE FOR SMALL, MEDIUM AND RESEARCH AND MARKET ACCESS.THE ASSOCIATION PUBLISHES A DIGITAL MEMBERSHIP DIRECTORY & UPDATES ON A MONTHLY BASIS, MAINTAINS A FULLY SEARCHABLE DATABASE OF MEMBER CAPABILITIES, HOST MEMBER COMPANY LOGOS AND LINK TO THEIR COMPANY URL ON THE AIAM WEBSITE, ORGANIZES AND EXECUTES MULTIPLE NETWORKING EVENTS THROUGHOUT THE YEAR, UTILIZE RELATIONSHIPS WITH HIGHER EDUCATIONAL INSTITUTIONS FOR TALENT ATTRACTION INITIATIVES, DEVELOP AND DELIVER K-12 PROGRAMS FOCUSED ON STEM EDUCATION.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2502157
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $273,925
- Income (IRS master file)
- $938,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $657,774 | $714,257 | $273,925 | IRS |
| 990 | December 2023 | $652,751 | $594,522 | $210,515 | XML |
| 990 | December 2022 | $528,744 | $452,115 | $113,749 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 82-2502157).
Questions about AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN
- What is the EIN of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN?
- The employer identification number (EIN) of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN is 82-2502157.
- Is AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2018.
- Are donations to AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN 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 AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $187,180 (Tony Vernaci, President).
- How much revenue does AEROSPACE INDUSTRY ASSOCIATION OF MICHIGAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $657,774, expenses of $714,257 and total assets of $273,925 at year end.
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