Argonaut

Organization Overview

Argonaut is located in Cleveland, OH. The organization was established in 2012. According to its NTEE Classification (M23) the organization is classified as: Search & Rescue Squads, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Argonaut 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, Argonaut generated $417.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $614.0k during the year ending 06/2022. While expenses have increased by 24.7% per year over the past 8 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

TO BREAK THE CYCLE OF POVERTY AND INCREASE EQUITY IN EDUCATION BY PROVIDING HANDS-ON EXPERIENTIAL LEARNING OPPORTUNITIES AND WORK EXPERIENCE FOR YOUTH INTERESTED IN EXPLORING CAREERS IN AEROSPACE AND MARITIME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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Board, Officers & Key Employees

Name (title)Compensation
David Ferguson
CEO
$0
Annemarie Grassi Amefia
COO
$0
Eric Peace
President
$0
Jocelyn Harrison
Vice Preside
$0
Ron Cordaro
Treasurer
$0
Steve Peplin
Corresponden
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $98,893
All other contributions, gifts, grants, and similar amounts not included above$230,343
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$329,236
Total Program Service Revenue$39,551
Investment income $2
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $25,799
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $417,671

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Argonaut has recieved totaling $278,860.

Awarding OrganizationAmount
George Gund Foundation

Cleveland, OH

PURPOSE: DAVIS AEROSPACE & MARITIME HIGH SCHOOL.

$139,050
Cleveland Foundation

Cleveland, OH

PURPOSE: SUPPORT PARTNERSHIP WITH THE CLEVELAND METROPOLITAN SCHOOL DISTRICT'S (CMSD) DAVIS AEROSPACE AND MARITIME HIGH SCHOOL

$69,525
Ak Steel Foundation

Cleveland, OH

PURPOSE: GENERAL SUPPORT

$20,000
Howmet Aerospace Foundation

Pittsburgh, PA

PURPOSE: EQUIPMENT AND MATERIALS FOR DIE-MAKING, MOLDING AND CASTING TRAINING

$20,000
Business Volunteers Unlimited

Cleveland, OH

PURPOSE: Program Support

$10,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$10,000
View Grant Recipient Profile

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