Nonprofit · EIN 95-2644897
AERO ASSOCIATION OF CALTECH
Tax-exempt · MONROVIA, CA 91017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $404,466 | $381,567 | $22,899 | $281,418 | $108,688 | $172,730 |
| December 31, 2023 | 990 | $242,140 | $312,227 | -$70,087 | $259,038 | $109,207 | $149,831 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $352,600
- Investment income
- $51,866
- Net gain from sales of assets
- $51,394
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $100
- Accounting fees
- $1,067
- Depreciation
- $27,582
- Program services (functional)
- $381,567
Balance sheet and other
- Total assets, start of year
- $259,038
- Total assets, end of year
- $281,418
- Total liabilities, end of year
- $108,688
- Net assets, end of year
- $172,730
- Land, buildings and equipment
- $61,529
- Gross receipts
- $453,072
- Employees
- 0
- Volunteers
- 140
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 |
|---|---|---|---|
| VIDAL COHEN | ASST. TREASURER Trustee or director | 2 | $0 |
| KEVIN BAINES | FLIGHT DIRECTOR Trustee or director | 2 | $0 |
| BARNETT K LUM | MAINT SUPERVISO Trustee or director | 4 | $0 |
| ADELE BASTURK | DIRECTOR AT LAR Trustee or director | 2 | $0 |
| CHRIS ALBERT | DIRECTOR AT LAR Trustee or director | 2 | $0 |
| SRINIVAS BONDADA | Secretary Officer | 2 | $0 |
| CHARATH RANGANATHAN | President Officer | 4 | $0 |
| DAVID WERNTZ | Vice President Officer | 2 | $0 |
| ROBERT CLARK | Treasurer Officer | 4 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIDAL COHEN | ASST. TREASURER Trustee or director | 2 | $0 |
| KEVIN BAINES | FLIGHT DIRECTOR Trustee or director | 2 | $0 |
| BARNETT K LUM | MAINT SUPERVISO Trustee or director | 4 | $0 |
| ALAN GU | DIRECTOR AT LAR Trustee or director | 2 | $0 |
| SRINIVAS BONDADA | Secretary Officer | 2 | $0 |
| CHARATH RANGANATHAN | President Officer | 4 | $0 |
| DAVID WERNTZ | Vice President Officer | 2 | $0 |
| ROBERT CLARK | Treasurer Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1243, MONROVIA, CA 91017-1243
- Principal officer (990 for 2024)
- DAVID WERNTZ, P O BOX 1243, MONROVIA, CA 910171243
- Signed the 990
- ROBERT CLARK, Treasurer
- Phone
- (626) 303-1616
- Website
- http://aacit.org/
- Return prepared by
- Stephen G Floyd CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2644897 or by the name AERO ASSOCIATION OF CALTECH.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
UTILIZATION OF CLUB AIRCRAFT FOR THE BENEFIT OF CALIFORNIA INSTITUTE OF TECHNOLOGY STUDENTS, PROFESSORS, STAFF, EMPLOYEES OF JPL, AND THE SURROUNDING COMMUNITY MEMBERS. TO PROMOTE AVIATION SAFETY AND PROVIDE EMERGENCY ASSISTANCE TO THE CALIFORNIA INSTITUTE OF TECHNOLOGY (CAL TECH)AND AND THE LOCAL COMMUNITY IN THE EVENT OF AN EARTHQUAKE OR OTHER NATURAL DISASTER
Program accomplishments
- UTILIZATION OF CLUB AIRCRAFT FOR THE BENEFIT OF CALIFORNIA INSTITUTE OF TECHNOLOGY STUDENTS, PROFESSORS, STAFF, EMPLOYEES OF JPL, AND THE SURROUNDING COMMUNITY MEMBERS.
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
- 95-2644897
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $281,418
- Income (IRS master file)
- $453,072
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $404,466 | $381,567 | $281,418 | XML |
| 990 | December 2023 | $242,140 | $312,227 | $259,038 | XML |
| 990 | December 2022 | $317,835 | $289,801 | $320,773 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 95-2644897).
Questions about AERO ASSOCIATION OF CALTECH
- What is the EIN of AERO ASSOCIATION OF CALTECH?
- The employer identification number (EIN) of AERO ASSOCIATION OF CALTECH is 95-2644897.
- Is AERO ASSOCIATION OF CALTECH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1971.
- Are donations to AERO ASSOCIATION OF CALTECH tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AERO ASSOCIATION OF CALTECH 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 AERO ASSOCIATION OF CALTECH 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 AERO ASSOCIATION OF CALTECH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AERO ASSOCIATION OF CALTECH?
- The 990 for the year ended December 31, 2024 names DAVID WERNTZ.
- Who are the officers and directors of AERO ASSOCIATION OF CALTECH?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does AERO ASSOCIATION OF CALTECH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $404,466, expenses of $381,567 and total assets of $281,418 at year end.
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