Institute Of Navigation
- Assets
- $23.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Manassas, VA
- Founding
- 10/1946
- Data as of
- 03/2024
- EIN
- 53-6019389
Organization Overview
Institute Of Navigation is located in Manassas, VA. The organization was established in 1946. As of 03/2024, Institute Of Navigation employed 8 individuals. This organization is the central organization for a national or regional group of organizations. Institute Of Navigation 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 03/2024, Institute Of Navigation generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.1m during the year ending 03/2024. While expenses have increased by 4.4% per year over the past 9 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ION IS TO ADVANCE THE ART AND SCIENCE OF POSITIONING, NAVIGATION AND TIMING.
Describe the Organization's Program Activity:
JOINT NAVIGATION CONFERENCE - THE LARGEST U.S. MILITARY POSITIONING, NAVIGATION AND TIMING (PNT) CONFERENCE OF THE YEAR WITH JOINT SERVICE AND GOVERNMENT PARTICIPATION. THE EVENT FOCUSES ON TECHNICAL ADVANCES IN PNT WITH EMPHASIS ON JOINT DEVELOPMENT, TEST AND SUPPORT OF AFFORDABLE PNT SYSTEMS, LOGISTICS AND INTEGRATION. FROM AN OPERATIONAL PERSPECTIVE THE CONFERENCE WILL FOCUS ON ADVANCES IN BATTLEFIELD APPLICATIONS OF GPS; CRITICAL STRENGTHS AND WEAKNESSES OF FIELD NAVIGATION DEVICES; WARFIGHTER PNT REQUIREMENTS AND SOLUTIONS; AND NAVIGATION WARFARE.
SATELLITE DIVISION'S TECHNICAL MEETING - THE WORLD'S LARGEST TECHNICAL MEETING AND SHOWCASE OF GNSS TECHNOLOGY, PRODUCTS, AND SERVICES. THIS YEAR'S CONFERENCE WILL BRING TOGETHER INTERNATIONAL LEADERS IN GNSS AND RELATED POSITIONING, NAVIGATION, AND TIMING FIELDS TO PRESENT NEW RESEARCH, INTRODUCE NEW TECHNOLOGIES, DISCUSS CURRENT POLICY, DEMONSTRATE PRODUCTS AND EXCHANGE IDEAS.
MEMBERSHIP SERVICES- MEMBERSHIP CONSISTED OF BOTH INDIVIDUALS AND CORPORATIONS, FROM INDUSTRY, GOVERNMENT AND ACADEMIA WHO SEEK TO PROMOTE THE ART AND SCIENCE OF NAVIGATION, POSITIONING AND TIMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman Lo President | OfficerTrustee | 1 | $0 |
Gary Mcgraw Executive Vice President | OfficerTrustee | 1 | $0 |
Frank Van Graas Treasurer | OfficerTrustee | 2 | $0 |
Jacob Campbell Eastern Region VP | OfficerTrustee | 1 | $0 |
Sandra Kennedy Satellite Div Chair | OfficerTrustee | 1 | $0 |
Tom Powell Military Div Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency Denver Catering & Audio | 3/30/24 | $321,228 |
Hyatt Regency Long Beach Catering & Audio | 3/30/24 | $128,889 |
Town And Country San Diego Catering & Audio | 3/30/24 | $418,218 |
Hyatt Regency Monterey Catering & Audio | 3/30/24 | $119,959 |
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 | $4,301,096 |
| Investment income | $109,174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $692,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,131,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,400 |
| Grants and other assistance to domestic individuals. | $30,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $479,197 |
| Compensation of current officers, directors, key employees. | $95,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,123 |
| Pension plan accruals and contributions | $67,164 |
| Other employee benefits | $65,774 |
| Payroll taxes | $50,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,697 |
| Fees for services: Accounting | $33,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,027 |
| Fees for services: Other | $115,691 |
| Advertising and promotion | $29,379 |
| Office expenses | $123,147 |
| Information technology | $6,290 |
| Royalties | $0 |
| Occupancy | $66,000 |
| Travel | $53,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,202,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,190 |
| All other expenses | $0 |
| Total functional expenses | $3,054,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,049 |
| Savings and temporary cash investments | $2,491,471 |
| 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 | $84,978 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,547,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $373,946 |
| Total assets | $23,004,089 |
| Accounts payable and accrued expenses | $246,429 |
| Grants payable | $0 |
| Deferred revenue | $966,735 |
| 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 | $373,946 |
| Total liabilities | $1,587,110 |
| Net assets without donor restrictions | $21,416,979 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $23,004,089 |
Grants Awarded
Over the last fiscal year, Institute Of Navigation has awarded $15,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DUNWOODY COLLEGE OF TECHNOLOGY PURPOSE: SNOWPLOW COMPETITION PRIZE | $8,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: SNOWPLOW COMPETITION PRIZE | $7,750 |