Virginia Satslab Inc
- Assets
- $2.0m
- Revenue
- -$166.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 10/2004
- Data as of
- 06/2022
- EIN
- 11-3686122
Organization Overview
Virginia Satslab Inc is located in Richmond, VA. The organization was established in 2004. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Satslab Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, LEAD, ORGANIZE AND ASSIST THE CONDUCT OF STUDIES, TECHNICAL RESEARCH AND PRODUCT DEVELOPMENT OF A SMALL AIRCRAFT TRANSPORTATION SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT, PROVIDE LEADERSHIP, ORGANIZE AND ASSIST THE CONDUCT OF STUDIES, TECHNICAL RESEARCH, PRODUCT DEVELOPMENT EXPERIMENTS AND DEMONSTRATIONS FOR THE DEVELOPMENT OF A SMALL AIRCRAFT TRANSPORTATION SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Flynn Chairman | OfficerTrustee | 1 | $0 |
John Campbell Executive Director | OfficerTrustee | 10 | $0 |
Tiffany Franks Treasurer | OfficerTrustee | 1 | $0 |
Brett Newman Director | Trustee | 1 | $0 |
Jeff Breunig Director | Trustee | 1 | $0 |
Bruce Holmes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$193,213 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$166,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $295 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,993 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,143 |
| Insurance | $1,550 |
| All other expenses | $0 |
| Total functional expenses | $153,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,980,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,980,327 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $107,928 |
| Net assets with donor restrictions | $1,872,399 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,980,327 |
Grants Awarded
Over the last fiscal year, Virginia Satslab Inc has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Herndon, VA PURPOSE: VA-FIX PLATFORM | $40,000 |
Dumfries, VA PURPOSE: AVIATION SUMMER CAMP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Analytic Services Inc Falls Church, VA | $183,098,732 | $88,248,392 |
Biotechnology Innovation Organization Washington, DC | $113,666,319 | $80,910,840 |
Mcnc Research Triangle Park, NC | $136,308,302 | $51,582,521 |
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
Bioone Washington, DC | $12,972,038 | $12,944,157 |
Analysis And Resilience Center For Systemic Risk Inc Arlington, VA | $11,004,408 | $11,753,500 |
Commonwealth Center For Advanced Manufacturing Disputanta, VA | $5,017,532 | $9,261,714 |
Institute Of Transportation Engineers Inc Washington, DC | $8,555,357 | $6,704,347 |
Military Health Research Foundation Inc Laurel, MD | $1,886,799 | $4,739,548 |
Wireless Research Center Of North Carolina Wake Forest, NC | $2,680,881 | $4,143,333 |
Nuclear Matters Washington, DC | $526,920 | $2,033,505 |