National Center For Advanced Technologies Inc
- Assets
- $779.4k
- Revenue
- $381.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 10/1989
- Data as of
- 12/2022
- EIN
- 52-1625043
Organization Overview
National Center For Advanced Technologies Inc is located in Arlington, VA. The organization was established in 1989. According to its NTEE Classification (Q43) the organization is classified as: National Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Center For Advanced Technologies 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 12/2022, National Center For Advanced Technologies Inc generated $381.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $364.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL CENTER FOR ADVANCED TECHNOLOGIES (NCAT) WAS FOUNDED AS A NON-PROFIT RESEARCH AND EDUCATION FOUNDATION TO PROVIDE A BRIDGE BETWEEN GOVERNMENT, INDUSTRY, AND ACADEMIA, AND TO ENCOURAGE COOPERATIVE EFFORTS ON TECHNOLOGY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARC PROGRAM: AMERICA ROCKETRY CHALLENGE (ARC) IS THE WORLD'S LARGEST STUDENT ROCKET CONTENT AND KEY PIECE OF THE AEROSPACE AND DEFENSE INDUSTRY'S STRATEGY TO BUILD A STRONGER U.S. WORKFORCE IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM). SPONSORED BY THE AEROSPACE INDUSTRIES ASSOCIATION (AIA) AND THE NATIONAL ASSOCIATION OF ROCKETRY (NAR), ARC WAS CREATED IN THE FALL OF 2002 AS A ONE TIME CELEBRATION OF THE CENTENNIAL OF FLIGHT, BUT BY POPULAR DEMAND BECAME AN ANNUAL PROGRAM. CONTRIBUTIONS RECEIVED FOR THE ARC PROGRAM ARE DONOR RESTRICTED WHEN RECEIVED AND RELEASED WHEN PROGRAM EXPENDITURES ARE INCURRED.
FIRST BOOK: PROMOTES BOTH EDUCATION AND AEROSPACE ENGINEERING PUBLICATIONS WITH STORIES FOCUSED ON AIA'S OVERALL COMMITMENT TO EARLY CHILDHOOD STEM EDUCATION, THE IMPORTANCE OF INVESTING IN STEM EDUCATION IN EARLY EDUCATION AND HIGHLIGHTING THE BOOKS INCLUDED IN THE COLLECTION IN 200 CLASSROOMS ACROSS 10 US CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Fanning Chairman | OfficerTrustee | 3 | $0 |
Saravanan Shanmuganathan President | OfficerTrustee | 1 | $0 |
Joseph Ritchie Treasurer | OfficerTrustee | 2 | $0 |
Mac Sdunaway Director | Trustee | 1 | $0 |
Nina Schwartz Secretary | 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 | $381,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,250 |
| 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 | $381,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,399 |
| Grants and other assistance to domestic individuals. | $66,462 |
| 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 | $60,074 |
| 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 | $15,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,540 |
| Advertising and promotion | $19,893 |
| Office expenses | $2,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $364,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,358 |
| 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 | $779,358 |
| 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 | $352,406 |
| Total liabilities | $352,406 |
| Net assets without donor restrictions | $401,152 |
| Net assets with donor restrictions | $25,800 |
| 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 | $779,358 |