Project Possum Inc
- Assets
- -$2.6k
- Revenue
- $279.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2154281
Organization Overview
Project Possum Inc, operating under the name International Institute for Astronautical Sciences, is located in Boulder, CO. The organization was established in 2015. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Institute for Astronautical Sciences 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 12/2023, International Institute for Astronautical Sciences generated $279.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $307.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A HIGH-VALUE, IMMERSIVE EDUCATION WITHIN CULTURALLY-DIVERSE OPERATIONAL ENVIRONMENTS THAT ENABLE PROFESSIONAL CITIZEN-SCIENCE RESEARCH PROMOTING MULTI-NATIONAL SPACE EXPLORATION AND SCIENCE LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUT ASTRONAUT CONTEST - GRANT TO INCREASE REPRESENTATION OF LGBTQ INDIVIDUALS IN STEM
SPACEFLIGHT OPPORTUNITIES - SPONSORSHIPS TO SUPPORT RESEARCH AND EDUCATIONAL SPACEFLIGHTS.
EDUCATIONAL SERVICES - COURSES IN AERONOMY, BIOASTRONAUTICS, FLIGHT TEST ENGINEERING, AND OPERATIONAL SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Reimuller Executive Director | OfficerTrustee | 25 | $25,000 |
Chris Lundeen Operations / Treasurer | OfficerTrustee | 20 | $0 |
Ken Trujillo Science / Secretary | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Integrated Spaceflight Services Llc Educational Courses And Simulation | 12/30/23 | $223,000 |
International Institute For Astrona Flight Oppoortunities | 12/30/23 | $12,986 |
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 | $6,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,007 |
| Total Program Service Revenue | $265,008 |
| 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 | $8,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,986 |
| 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 | $49,881 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,965 |
| Fees for services: Other | $223,000 |
| Advertising and promotion | $353 |
| Office expenses | $452 |
| Information technology | $21 |
| 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 | $307,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,639 |
| Savings and temporary cash investments | $0 |
| 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 | -$2,639 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,639 |
| Total liabilities and net assets/fund balances | -$2,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morris Animal Foundation Denver, CO | $109,695,507 | $11,557,696 |
Wildlife Disease Association Inc Lawrence, KS | $7,128,645 | $701,260 |
Project Possum Inc Boulder, CO | -$2,639 | $279,333 |
Odysea Aquarium Foundation Inc Scottsdale, AZ | $477,685 | $0 |
Sils Affordable Vet Care Fort Morgan, CO | $56,196 | $100,757 |
Northern New Mexico Stockmans Association Abiquiu, NM | $14,900 | $0 |
National Council On Pet Population Study And Policy Surprise, AZ | $1,167 | $0 |
International Foundation For Equine Podiatry Research Littleton, CO | $37,083 | $0 |