Overview
What is Aircraft Builders Council Inc?
Aircraft Builders Council Inc is a nonprofit organization situated in Minneapolis, Minnesota. Their primary mission is to uphold and promote a robust, competitive aviation and aerospace liability insurance facility. They aim to inform aerospace manufacturing entities and suppliers about available insurance programs, as well as organize an annual industry-leading conference on aviation safety and insurance. This event attracts brokers, underwriters, and both existing and potential insured parties. Additionally, they offer product safety and liability prevention seminars to promote their program's use.
Official website here: www.aircraftbuilders.com
Is Aircraft Builders Council Inc legitimate?
Aircraft Builders Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Aircraft Builders Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aircraftbuilders.com
What is the mission statement of Aircraft Builders Council Inc?
The Aircraft Builders Council Inc's mission is centered around supporting and promoting an innovative and competitive aircraft products liability insurance facility. They aim to disseminate information about these insurance programs to aerospace manufacturers and suppliers. The council organizes an annual aviation safety and insurance conference, which is attended by brokers, underwriters, and existing and potential insured parties. Furthermore, the council advocates for the use of their program's product safety and liability prevention seminars.
Official website here: www.aircraftbuilders.com
Who is the CEO of Aircraft Builders Council Inc?
David Mcclain is the President of Aircraft Builders Council Inc.
Official website here: www.aircraftbuilders.com
What is the revenue of Aircraft Builders Council Inc?
Aircraft Builders Council Inc's revenue in 2022 was $403,223.
Official website here: www.aircraftbuilders.com
Who are the executives of Aircraft Builders Council Inc and what are their salaries?
There 7 volunteers at Aircraft Builders Council Inc.
Here are 7 key members and their salaries:
- Compensation: $1,387
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,233
- Related: $0
- Other: $0
- Compensation: $1,409
- Related: $0
- Other: $0
- Compensation: $1,280
- Related: $0
- Other: $0
- Compensation: $1,516
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aircraftbuilders.com
Where can I find the form 990 for Aircraft Builders Council Inc?
Aircraft Builders Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aircraftbuilders.com
Learn more at the official website: www.aircraftbuilders.com
Mission Statement of Aircraft Builders Council Inc
Aircraft Builders Council Inc, a notable organization within the aerospace industry, is committed to supporting and promoting the continuity of a competitive aircraft products liability insurance facility. By doing so, the council aims to communicate the existence of such insurance programs to aerospace manufacturing and product suppliers. Furthermore, Aircraft Builders Council Inc coordinates an annual industry-leading aviation safety and insurance conference, attracting attendees such as brokers, underwriters, and existing and potential insured parties. This event serves as a platform to promote the use of the council's product safety and liability prevention seminars. The council's mission is centered around ensuring the robustness and accessibility of insurance programs for the aerospace sector, thereby fostering a safer and more secure environment for manufacturers and suppliers.
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Impact
October, 2024
Aircraft Builders Council Inc plays a critical role in enhancing the safety and competitiveness of the aviation and aerospace sectors. By supporting and promoting access to innovative and competitive aircraft products liability insurance, the Council strengthens the industry's foundation against potential liabilities.
The organization serves as a vital communication link, ensuring that aerospace manufacturers and product suppliers are aware of the available insurance programs designed to protect their interests. Through its annual conference, which brings together a diverse group of stakeholders including underwriters, brokers, and industry participants, the Council provides a platform for sharing the latest developments in aviation safety, products liability, and industry best practices. This collaborative environment fosters relationships that are essential for navigating the complexities of aviation insurance.
Additionally, by offering seminars focused on product safety and liability prevention, the Council empowers companies to adopt proactive measures in mitigating risks. Overall, the Aircraft Builders Council Inc significantly contributes to improving safety standards, promoting best practices, and ultimately enhancing community confidence in the aerospace industry.
This information is meant to be a general summary of Aircraft Builders Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $647
- Program Service Revenue: $355,614
- Gross Receipts: $403,223
Assets and Liabilities:
- Total Assets: $428,037
- Total Liabilities: $107,083
- Net Assets: $320,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$228,464
ANNUAL CONFERENCE
Revenue
$127,150
Organization Details
Founding Year
1955
Phone
(952) 928-4662Principal Officer
David Mcclain
Main Address
4248 PARK GLEN ROAD, MINNEAPOLIS, MN, 55416
Website
www.aircraftbuilders.comNTEE Category
Code: S11 - Community improvement
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