Aerospace Center For Excellence Inc

Organization Overview

Aerospace Center For Excellence Inc is located in Lakeland, FL. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Aerospace Center For Excellence Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerospace Center For Excellence 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 09/2023, Aerospace Center For Excellence Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $4.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENGAGE, EDUCATE, AND ACCELERATE THE NEXT GENERATION OF AEROSPACE PROFESSIONALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ACE CAMPUS CONSISTS OF VARIOUS EDUCATIONAL BUILDINGS, INCLUDING THE FLORIDA AIR MUSEUM. ACTIVITIES AT ACE INCLUDE AVIATION SUMMER CAMPS, MUSEUM TOURS, STEM BASED LEARNING LABS AND SCHOOL OUTREACH PROGRAMS, NIGHT AT THE MUSEUM, WINGS N THINGS, FIELD TRIPS, AFTER SCHOOL PROGRAMS AND OTHER VARIOUS EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ricardo Garcia
Chairman
$0
Robert Beaty
Vice-Chairman
$0
Elizabeth Tennyson
Treasurer
$0
Jeff Kincart
Secretary
$0
Chuck Ahearn
Director
$0
Roland Betker
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$88,864
Related organizations$110,662
Government grants $182,637
All other contributions, gifts, grants, and similar amounts not included above$872,896
Noncash contributions included in lines 1a–1f $170,328
Total Revenue from Contributions, Gifts, Grants & Similar$1,255,059
Total Program Service Revenue$230,700
Investment income $27,934
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,766
Net Income from Fundraising Events -$5,327
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $25,828
Miscellaneous Revenue$0
Total Revenue $1,543,643

Grants Awarded

Over the last fiscal year, Aerospace Center For Excellence Inc has awarded $362,750 in support to 5 organizations.

Grant RecipientAmount

ELEVATE AEROSPACE & LOGISTICS INCUBATOR INC

PURPOSE: TO COVER PAYROLL AND OPERATING COSTS

$151,699

LAKELAND AEROCLUB INC

PURPOSE: OPERATIONAL SUPPORT OF AVIATION CLUB

$100,000

WINTER HAVEN ECONOMIC DEVELOPMENT COUNCIL INC

PURPOSE: ASSIST SMALL BUSINESSES

$80,938

ASPIRING AVIATORS AERO CLUB

PURPOSE: GENERAL SUPPORT

$10,000

CENTRAL FLORIDA AEROSPACE ACADEMY FOUNDATION INC

PURPOSE: SCHOLARSHIP REFUNDS FROM POLK STATE

$20,113
View Grant Profile

Peer Organizations

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Shalimar, FL
$17,527,597
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Slam Foundation Inc
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$14,359,456
Usf Financing Corporation
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A Gift For Teaching Inc
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$12,378,434
University Of North Georgia Foundation Inc
Dahlonega, GA
$25,395,245
Southern Assoc Of Colleges And Schools Commission On Colleges Inc
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$13,477,936
Chapter One Nfp
Odessa, FL
$8,978,676
White Hall Enrichment Advancement Team
Hayneville, AL
$10,216,347
The Cottage School Educational Resource Center Inc
Roswell, GA
$8,912,841
Hillsborough Education Foundation Inc
Tampa, FL
$7,821,921
Renaissance Learning Center Inc
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$7,038,846
Rethinkforward Inc
Fort Lauderdale, FL
$5,798,435
Healthmpowers Inc
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$5,308,239
Orlando Community & Youth Trust Inc
Orlando, FL
$9,430,970
South Florida Bible College & Theological Seminary
Deerfield Beach, FL
$4,230,711
Aerospace Center For Excellence Inc
Lakeland, FL
$1,543,643
Optima Foundation Inc
Naples, FL
$3,488,835
Florida League Of International Baccalaureate Schools Inc
Clearwater, FL
$3,706,536
Noble Education Initiative Inc
Fort Lauderdale, FL
$4,093,081
Library And Information Resources Network Inc
Clearwater, FL
$3,871,449
Southern Florida Instructional Television Inc
Miami Shores, FL
$3,258,000
Miami-Dade Family Learning Partnership Inc
Miami, FL
$3,416,902
Academy Prep Center Of Tampa Inc
Tampa, FL
$3,278,205
Impact Florida Inc
Tallahassee, FL
$3,235,545

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