National Aviation Research And Technology Park Inc

Organization Overview

National Aviation Research And Technology Park Inc is located in Egg Harbor Township, NJ. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Aviation Research And Technology Park Inc 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 06/2022, National Aviation Research And Technology Park Inc generated $686.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 66.6% each year . All expenses for the organization totaled $683.8k during the year ending 06/2022. While expenses have increased by 7.7% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE LEADERSHIP IN THE ADVANCEMENT OF AEROSPACE SCIENCES BY CREATING AN ECOSYSTEM OF INDUSTRY, ACADEMIC, AND GOVERNMENTAL PARTNERSHIPS TO FOSTER INNOVATION, COLLABORATION AND SUSTAINABLE ECONOMIC GROWTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE PARK IS TO CONDUCT RESEARCH AND DEVELOPMENT THAT WILL PROMOTE CONCEPT AND PRODUCT DEVELOPMENT USING EMERGING TECHNOLOGIES IN A LABORATORY AND OPERATIONAL ENVIRONMENT. THE PARK IS A FOCAL POINT FOR INTERACTION AND INNOVATION AMONG RESEARCHERS, ACADEMIC, GOVERNMENT, AND PRIVATE INDUSTRY IN DEVELOPING THE NEXT GENERATION AIR TRAFFIC CONTROL SYSTEM ("NEXTGEN") WHICH IS CRITICAL TO OUR NATION'S AVIATION SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Harvey Kesselman
Director (president Of Univ.)
$0
Michael Angulo ESQ
Director (univ. VP Govt Rel)
$0
Samuel Young
Vice-Chair
$0
Mark Loeben
Chair
$0
Lauren Moore
Secretary
$0
Jayden Craft
Student Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $686,696
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$686,696
Total Program Service Revenue$0
Investment income $0
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 $686,696

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