American Institute Of Aeronautics And Astronautics
- Assets
- $43.8m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 77
- Location
- Reston, VA
- Founding
- 08/1954
- Data as of
- 09/2020
- 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 09/2021, American Institute Of Aeronautics And Astronautics employed 77 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 09/2020, American Institute Of Aeronautics And Astronautics generated $27.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $26.2m during the year ending 09/2020. While expenses have increased by 3.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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.
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.
OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Dumbacher Executive Director/secretary | Officer | 37.5 | $438,188 |
Angelo Iasiello Chief Operating Officer | Officer | 37.5 | $312,514 |
Karen Rosenblum Svp, Finance, Admin & CFO | Officer | 37.5 | $237,164 |
Karen Thomas Vp, Product Operations | Officer | 37.5 | $172,435 |
Rodger Williams Vp, Product Marketing & Rev Development | Officer | 37.5 | $161,876 |
Kathryn Taplett Vp, Rev & Brand Management | Officer | 37.5 | $158,356 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency Orlando Convention Services | 9/29/21 | $1,008,000 |
360 Live Media Event Strategy/marketing | 9/29/21 | $530,411 |
Lumina Datamatics Inc Printing/production Services | 9/29/21 | $444,433 |
Clarivate Analytics Subscription Services | 9/29/21 | $293,884 |
Atypon Systems Inc Publication Platform | 9/29/21 | $270,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,860 |
| Investment income | $1,227,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $184,245 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,165,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,848,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,600 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,900,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,898,700 |
| Pension plan accruals and contributions | $133,079 |
| Other employee benefits | $838,435 |
| Payroll taxes | $520,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,995 |
| Fees for services: Accounting | $77,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,782 |
| Fees for services: Other | $2,743,799 |
| Advertising and promotion | $759,099 |
| Office expenses | $702,067 |
| Information technology | $2,496,459 |
| Royalties | $137,680 |
| Occupancy | $441,714 |
| Travel | $385,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,681,750 |
| Interest | $0 |
| Payments to affiliates | $403,586 |
| Depreciation, depletion, and amortization | $336,703 |
| Insurance | $109,454 |
| All other expenses | $0 |
| Total functional expenses | $26,193,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,940,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,039 |
| 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 | $1,376,972 |
| Investments—publicly traded securities | $38,245,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,067 |
| Total assets | $43,823,405 |
| Accounts payable and accrued expenses | $3,994,996 |
| Grants payable | $0 |
| Deferred revenue | $5,098,766 |
| 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 | $963,000 |
| Other liabilities | $39,476 |
| Total liabilities | $10,096,238 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $33,727,167 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Institute Of Aeronautics And Astronautics has recieved totaling $8,246.
| Awarding Organization | Amount |
|---|---|
American Automatic Control Council Seattle, WA PURPOSE: TO PROMOTE EDUCATION AND COOPERATION IN THE AUTOMATIC CONTROL PROFESSION. | $8,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Geophysical Union Washington, DC | $197,960,779 | $46,621,349 |
National Institute Of Aerospace Associates Hampton, VA | $24,951,080 | $26,735,144 |
American Institute Of Aeronautics And Astronautics Reston, VA | $43,823,405 | $27,848,367 |
General Aviation Manufacturers Association Inc Washington, DC | $11,882,458 | $7,210,865 |
American Council On Renewable Energy-Acore Washington, DC | $2,445,109 | $6,857,978 |
Universities Research Association Inc Washington, DC | $19,819,998 | $5,982,811 |
Korea-Us Science Cooperation Center Vienna, VA | $5,319,420 | $4,061,638 |
American Center For Physics Inc college park, MD | $26,806,500 | $2,493,197 |
Alliance For Market Solutions Inc Mclean, VA | $810,160 | $251,246 |
Mineralogical Society Of America Chantilly, VA | $5,715,292 | $1,463,558 |
Open Imagery Network Inc Washington, DC | $812,425 | $1,782,687 |
National Space Club And Foundation Washington, DC | $1,376,544 | $1,273,156 |