AERO CLUB OF NEW ENGLAND

EIN: 042743144 501(c)(3)

BEDFORD, MA

Total Revenue
$234,607
Total Expenses
$131,144
Total Assets
$1,213,354
Net Assets
$1,213,354
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
MA
Principal Officer
DAVID O'LEARY
Phone
9782430844
Tax Period
2024-07-01 to 2025-06-30

AERO CLUB OF NEW ENGLAND, founded in 1907, is a small nonprofit that reported $235K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 44% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $108,676 Revenue: $27,310

THE AERO CLUB OF NEW ENGLAND (ACONE) IS A CLUB THAT FOCUSES ON AVIATION SAFETY SEMINARS, AVIATION SCHOLARSHIPS, AND FLIGHT TRAINING WHILE SHARING THE SOCIAL ASPECT WITH THOSE WHO HAVE A PASSION FOR...

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THE AERO CLUB OF NEW ENGLAND (ACONE) IS A CLUB THAT FOCUSES ON AVIATION SAFETY SEMINARS, AVIATION SCHOLARSHIPS, AND FLIGHT TRAINING WHILE SHARING THE SOCIAL ASPECT WITH THOSE WHO HAVE A PASSION FOR FLIGHT. MEMBERS INCLUDE ACTIVE PILOTS, FORMER PILOTS, AND NON-PILOTS WHO LOVE TO LEARN MORE ABOUT AVIATION.OUR RANKS RANGE FROM THE OBSCURE TO THE LEGENDARY. MANY PAST AND PRESENT MEMBERS HAVE SIGNIFICANTLY CONTRIBUTED TO AVIATION AND ARE CONSIDERED NEW ENGLAND'S AVIATION LEGENDS.THE GODFREY L. CABOT AWARD, ESTABLISHED IN 1952, HONORS AND PERPETUATES THE NAME OF ONE OF THE FOUNDERS AND LONG-TERM PRESIDENTS OF THE AERO CLUB. CABOT AWARD RECIPIENTS WILL BE INDIVIDUALS OR TEAMS WHO WERE THE FIRST IN THEIR FIELD AND WHO CHANGED THE COURSE OF AVIATION AND/OR HISTORY AS INVENTORS OF TYPES OF AIRCRAFT, PROPULSION SYSTEMS, OR SIGNIFICANT AVIATION TECHNOLOGY; WHO HAVE CONDUCTED SIGNIFICANT "FIRST FLIGHTS OR PIONEERED SIGNIFICANT NEW ROUTES INFLIGHT OR INTO SPACE; OR WERE PIONEERS OR INVENTORS IN AVIATION TRAINING OR TACTICS.THE AERO CLUB'S SCHOLARSHIP PROGRAM AWARDS DOZENS OF SCHOLARSHIPS WORTH 10S OF THOUSANDS OF DOLLARS ANNUALLY. THE AERO CLUB HAS AWARDED OVER $700,000 IN SCHOLARSHIPS TO NEARLY 450 WOMEN, MEN, AND STUDENTS. OUR SCHOLARSHIPS ARE FOR PILOT TRAINING, AS WELL AS FOR STUDENTS INTERESTED IN MAINTENANCE TECHNOLOGIES FOR AIRCRAFT AND POWERPLANTS, AND AVIATION MANAGEMENT. MEMBER DONATIONS AND SCHOLARSHIP FUNDRAISERS HELP FUND THE SCHOLARSHIPS. MANY OF OUR SCHOLARSHIP WINNERS HAVE GONE ON TO HELP GROW THE AVIATION INDUSTRY BY BEING HIRED BY AIRLINES AND PRIVATE AVIATION COMPANIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $174,421
Program Service Revenue $27,310
Investment Income $32,876
Other Revenue $0
TOTAL REVENUE $234,607

Expense Breakdown

Grants Paid $52,241
Salaries & Benefits $0
Fundraising Expenses $4,300
Program Expenses $108,676
Other Expenses $78,903
TOTAL EXPENSES $131,144

Year-over-Year Comparison

2024 2023 Change
Revenue $234,607 $142,771 +0.6%
Expenses $131,144 $128,245 +0.0%
Net Income $103,463 $14,526 +6.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN SCHRAGER DIRECTOR 0.50
Director
$0 $0 $0
KEITH LEONHARDT SECRETARY/DIRECTOR 4.00
Officer Director
$0 $0 $0
JOHN GODFREY DIRECTOR 0.50
Director
$0 $0 $0
GARY KEARNEY DIRECTOR 5.00
Director
$0 $0 $0
GEORGIA PAPPAS DIRECTOR 5.00
Director
$0 $0 $0
JEFF BAUER DIRECTOR 0.50
Director
$0 $0 $0
DAVID MARGOLIS DIRECTOR 0.50
Director
$0 $0 $0
DEIRDRE O'CONNOR TREASURER/DIRECTOR 4.00
Officer Director
$0 $0 $0
RICHARD GHASTIN DIRECTOR 0.50
Director
$0 $0 $0
RICK KENIN DIRECTOR 0.50
Director
$0 $0 $0
CHARLES BURES DIRECTOR 0.50
Director
$0 $0 $0
DAVID HAMPSON DIRECTOR 0.50
Director
$0 $0 $0
DAVID O'LEARY PRESIDENT/DIRECTOR 4.00
Officer Director
$0 $0 $0
DAVID DINEEN DIRECTOR 0.50
Director
$0 $0 $0
NICHOLAS MOTLAGH V.P./DIRECTOR 3.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $234,607 $131,144 $1,213,354 $103,463
2024 $142,771 $128,245 $1,029,248 $14,526
2023 $97,268 $108,847 $964,970 $-11,579
2022 $101,638 $54,914 $924,101 $46,724
2021 $89,606 $41,733 $1,024,498 $47,873
2020 $79,664 $66,231 $821,138 $13,433
2019 $120,557 $97,816 $808,493 $22,741
2018 $154,546 $123,441 $793,364 $31,105
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