National Institute Of Aerospace Foundation
- Assets
- $28.8k
- Revenue
- $82.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hampton, VA
- Founding
- 03/2009
- Data as of
- 09/2021
- EIN
- 26-1519960
Organization Overview
National Institute Of Aerospace Foundation, operating under the name Nia Foundation, is located in Hampton, VA. The organization was established in 2009. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, 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. Nia Foundation 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 09/2021, Nia Foundation generated $82.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $82.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, PROMOTE THE ADVANCEMENT OF, AND FURTHER THE AIMS AND PURPOSES OF THE NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARACHUTE SHORT COURSE: THE HG HEINRICH VIRTUAL SHORT COURSE PRESENTS A SYSTEMS APPROACH TO THE DESIGN AND ENGINEERING OF PARACHUTE SYSTEMS. THE COURSE FOCUSES ON THE NEEDS OF ENGINEERS FROM GOVERNMENT AND INDUSTRY WHO MONITOR THE DEVELOPMENT OF RECOVERY SYSTEMS AND OF ENGINEERS WHO DESIGN DECELERATOR SYSTEMS AND OVERSEE THEIR FABRICATION. CASE STUDIES OF DESIGN OF AERODYNAMIC DECELERATORS AND RELATED COMPONENTS ARE PRESENTED. HANDS-ON EXERCISES ON PARACHUTE SYSTEMS DESIGN ARE ASSIGNED AND DISCUSSED. THE TWO COURSES PRESENTED ARE:"INTRODUCTION TO AERONAUTICS - A PRACTICAL PERSPECTIVE" THIS 32 HOUR COURSE PROVIDES THE STUDENT WITH A SOLID UNDERSTANDING OF THE BASICS OF AERONAUTICS AND THE GIVE-AND-TAKE INHERENT TO AIRCRAFT DESIGN. A BUILDING BLOCK APPROACH IS USED TO PRESENT ALL THE KEY ASPECTS OF AERONAUTICS: LOW/HIGH SPEED AERODYNAMICS, STABILITY AND CONTROL, STRUCTURES, PROPULSION, AND PERFORMANCE."INTRODUCTION TO MANNED AND UNMANNED OPERATIONS IN THE NATIONAL AIRSPACE" THIS 20 HOUR COURSE IS FOR THOSE WHO DESIGN, DEVELOP, MANAGE, AND EMPLOY AIR VEHICLES (MANNED AND UNMANNED) WHO ARE UNFAMILIAR WITH THE US AVIATION REGULATORY AND OPERATING ENVIRONMENTS. THE COURSE UTILIZES THE SAME BUILDING BLOCK APPROACH AS OUR OTHER "INTRO TO.." COURSES AND INCLUDES A GROUP CASE STUDY TO REINFORCE THE COURSE LEARNING OBJECTIVES.
MARTIN L. DREWS MEMORIAL SCHOLARSHIP:THE MARTIN L. DREWS SCHOLARSHIP IS A $500 SUPPLEMENTAL SCHOLARSHIP FOR AN NIA GRADUATE STUDENT WHO IS ENGAGED IN RESEARCH RELATED TO THE EXPLORATION OF SPACE. THIS SCHOLARSHIP WAS ESTABLISHED IN MEMORY OF MARTIN L. DREWS. THE SCHOLARSHIP RECOGNIZES HIS KEEN INTEREST IN SPACE EXPLORATION AND IS FUNDED BY THE DREWS FAMILY. THE SCHOLARSHIP IS AWARDED IN MAY OF EACH YEAR. THE FUNDS MAY BE USED FOR EDUCATIONAL PURPOSES CONSISTING OF PURCHASING BOOKS, CONFERENCE TRAVEL AND RESEARCH EQUIPMENT INCLUDING COMPUTER AND SOFTWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl L Drews Secretary | Officer | 1 | $0 |
Kerry L Christian Treasurer | Officer | 1 | $0 |
Bo Walkley Trustee | Trustee | 1 | $0 |
Dr Barry L Burks Chair And Trustee | Trustee | 1 | $0 |
Dr Calvin W Lowe Trustee | Trustee | 1 | $0 |
Douglas O Stanley Trustee & Executive Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $82,812 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,820 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,778 |
| 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 | $28,778 |
| 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 | $23,144 |
| Net assets with donor restrictions | $5,634 |
| 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 | $28,778 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Institute Of Aerospace Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Ensign-Bickford Foundation Inc Denver, CO PURPOSE: COMMUNITY ASSISTANCE | $2,500 |
Ensign-Bickford Foundation Inc Denver, CO PURPOSE: COMMUNITY ASSISTANCE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $68,625,953 | $4,333,906 |
Foundation For Meat And Poultry Research And Education Washington, DC | $2,858,739 | $3,121,077 |
Silverlining Inc Washington, DC | $2,068,443 | $2,757,589 |
American Association For Anatomy Rockville, MD | $14,782,902 | $3,441,263 |
Aip Foundation College Park, MD | $932,385 | $1,213,393 |
Cave Research Foundation Inc Cave City, KY | $1,424,505 | $117,052 |
Association Of Sea Grant Program Institutions Raleigh, NC | $785,159 | $273,912 |
National Institute Of Aerospace Foundation Hampton, VA | $28,778 | $82,817 |
Abet Foundation Inc Baltimore, MD | $243,734 | $0 |