Mid-Atlantic Aerospace Complex Inc
- Assets
- $4.2m
- Revenue
- $281.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Bridgeport, WV
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 55-0727484
Organization Overview
Mid-Atlantic Aerospace Complex Inc is located in Bridgeport, WV. The organization was established in 1994. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Aerospace Complex Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Mid-Atlantic Aerospace Complex Inc generated $281.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $201.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 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
NONPROFIT AEROSPACE AND ECONOMIC DEVELOPMENT IN WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ASSIST DEVELOPMENT OF THE AERONAUTICS INDUSTRY AND RELATED BUSINESS AND ECONOMIC INDUSTRIES AND BUSINESS GROWTH IN WEST VIRGINIA, INCLUDING THE NORTH CENTRAL WEST VIRGINIA AIRPORT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Miller President/secretary | Officer | 40 | $77,200 |
David Hinkle Chairman/director | OfficerTrustee | 1 | $0 |
Andy Lang Treasurer | OfficerTrustee | 1 | $0 |
Robert W Hodes Director | Trustee | 1 | $0 |
Butch Tennant Director | Trustee | 1 | $0 |
James Estep Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $867 |
| Royalties | $0 |
| Net Rental Income | $280,717 |
| 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 | $281,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,161 |
| Compensation of current officers, directors, key employees. | $21,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,000 |
| Payroll taxes | $8,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,786 |
| Fees for services: Accounting | $27,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $429 |
| Office expenses | $176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,018 |
| Travel | $4,710 |
| 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 | $4,659 |
| All other expenses | $0 |
| Total functional expenses | $201,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $832,190 |
| 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 | $3,328,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,160,654 |
| Accounts payable and accrued expenses | $75,621 |
| 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 | $511,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $587,008 |
| Net assets without donor restrictions | $3,573,646 |
| 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 | $4,160,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Institute Of Aerospace Associates Hampton, VA | $24,951,080 | $26,735,144 |
American Institute Of Aeronautics And Astronautics Reston, VA | $43,823,405 | $27,848,367 |
Academy Of Natural Sciences Of Philadelphia Philadelphia, PA | $106,852,043 | $22,108,595 |
Weatherhead Foundation Mayfield Heights, OH | $3,247,950 | $7,024,403 |
Great Lakes Museum Of Science Environment And Technology Cleveland, OH | $35,789,893 | $8,668,150 |
Korea-Us Science Cooperation Center Vienna, VA | $5,319,420 | $4,061,638 |
American Center For Physics Inc college park, MD | $26,806,500 | $2,493,197 |
Alliance For Market Solutions Inc Mclean, VA | $810,160 | $251,246 |
Mineralogical Society Of America Chantilly, VA | $5,715,292 | $1,463,558 |
Lane Aviation Employee Benefit Trust Columbus, OH | $1,226,568 | $1,226,568 |
Foundation For Earth Science Information Partners Severna Park, MD | $405,625 | $972,847 |
Albert J Weatherhead Iii Foundation Co Thomas F Allen Mayfield Heights, OH | $11,637,912 | $965,950 |