American Institute Of Aeronautics And Astronautics
- Assets
- $38.7m
- Revenue
- $24.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Reston, VA
- Founding
- 08/1954
- Data as of
- 09/2023
- EIN
- 13-1677290
Organization Overview
American Institute Of Aeronautics And Astronautics is located in Reston, VA. The organization was established in 1954. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 09/2023, American Institute Of Aeronautics And Astronautics employed 82 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Institute Of Aeronautics And Astronautics is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, American Institute Of Aeronautics And Astronautics generated $24.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $25.1m during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE INSTITUTE IS TO ADVANCE THE ARTS, SCIENCES, AND TECHNOLOGY OF AERONAUTICS AND ASTRONAUTICS AND TO NURTURE AND PROMOTE THE PROFESSIONALISM OF THOSE ENGAGED IN THESE PURSUITS.
Describe the Organization's Program Activity:
TECHNICAL ACTIVITIES (CONFERENCES): THE INSTITUTE CONDUCTS TECHNICAL CONFERENCES AND COURSES THAT PROVIDE A FORUM FOR MEMBERS FROM INDUSTRY, ACADEMIA, AND GOVERNMENT TO PRESENT AND EXCHANGE INFORMATION WITH THEIR PEERS IN THE AEROSPACE COMMUNITY.
OUTREACH
MEMBER SERVICES: INCLUDES CORPORATE AND PROFESSIONAL MEMBER FORUMS AND MEETINGS TO DISCUSS AEROSPACE TECHNICAL AND COMMUNITY ISSUES, SECTION ACTIVITIES, PROFESSIONAL HONORS AND AWARDS, AND AEROSPACE AMERICA MAGAZINE.
TECHNICAL PUBLICATIONS: THE INSTITUTE PUBLISHES EIGHT PEER-REVIEWED SCHOLARLY SCIENTIFIC AND TECHNICAL JOURNALS IN THE AEROSPACE FIELD AND PRODUCES A SERIES OF TEXTBOOKS FOR STUDENTS IN TEH AEROSPACE FIELD. A DATABASE OF SCIENTIFIC STUDIES IN TEH AEROSPACE FIELD IS PRODUCED AND MAINTAINED BY THE INSTITUTE AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Dumbacher Executive Director/secretary | Officer | 37.5 | $499,552 |
Angelo Iasiello Chief Operating Officer | Officer | 37.5 | $335,890 |
Karen Rosenblum Svp, Finance, Admin & CFO | Officer | 37.5 | $267,601 |
Merrie Scott Vp, Community & Partner Engagement | Officer | 29 | $208,555 |
Rodger Williams Vp, Strategic Content & Product Development | Officer | 37.5 | $187,397 |
Karen Thomas Vp, Dei, Membership & Workforce | Officer | 37.5 | $193,023 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lumens Audio Visual Convention Services | 9/29/23 | $824,668 |
Manchester Grand Hyatt San Diego Convention Services | 9/29/23 | $946,716 |
Caesars Entertainment Convention Services | 9/29/23 | $824,492 |
Hilton Chicago Convention Services | 9/29/23 | $768,874 |
Cadmore Media Online Hosting | 9/29/23 | $678,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,356 |
| Total Program Service Revenue | $22,342,143 |
| Investment income | $1,240,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $189,127 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $682,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,580,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $11,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,350 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,295,788 |
| Compensation of current officers, directors, key employees. | $448,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,233,351 |
| Pension plan accruals and contributions | $245,200 |
| Other employee benefits | $1,000,593 |
| Payroll taxes | $617,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,381 |
| Fees for services: Accounting | $109,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,191 |
| Fees for services: Other | $3,149,048 |
| Advertising and promotion | $674,759 |
| Office expenses | $939,972 |
| Information technology | $2,220,640 |
| Royalties | $131,602 |
| Occupancy | $386,046 |
| Travel | $432,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,681,956 |
| Interest | $0 |
| Payments to affiliates | $1,000 |
| Depreciation, depletion, and amortization | $266,195 |
| Insurance | $102,826 |
| All other expenses | $315,028 |
| Total functional expenses | $25,094,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,985,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,879 |
| 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 | $2,147,082 |
| Net Land, buildings, and equipment | $585,563 |
| Investments—publicly traded securities | $32,444,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,398,440 |
| Total assets | $38,735,071 |
| Accounts payable and accrued expenses | $2,590,039 |
| Grants payable | $0 |
| Deferred revenue | $6,185,837 |
| 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 | $1,827,011 |
| Total liabilities | $10,602,887 |
| Net assets without donor restrictions | $27,829,184 |
| Net assets with donor restrictions | $303,000 |
| 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 | $38,735,071 |