U S Space & Rocket Center Education Foundation
- Assets
- $24.4m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 891
- Location
- Huntsville, AL
- Founding
- 11/2015
- Data as of
- 09/2023
- EIN
- 63-1265839
Organization Overview
U S Space & Rocket Center Education Foundation is located in Huntsville, AL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, U S Space & Rocket Center Education Foundation employed 891 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Space & Rocket Center Education Foundation 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, U S Space & Rocket Center Education Foundation generated $23.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $20.2m during the year ending 09/2023. While expenses have increased by 12.1% per year over the past 5 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.
Since 2018, U S Space & Rocket Center Education Foundation has awarded 13 individual grants totaling $12,569,668. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE U.S. SPACE & ROCKET CENTER EDUCATION FOUNDATION SUPPORTS THE EDUCATIONAL PROGRAMS AND PROJECTS OF THE U.S. SPACE & ROCKET CENTER AND SPACE CAMP THROUGH GRANTS, FUNDRAISING, SCHOLARSHIPS, EVENTS AND CORPORATE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE FUNDRAISING EFFORTS OF THE FOUNDATION, DONATIONS ARE MADE AND ALLOCATED TO THE U.S. SPACE & ROCKET CENTER FOR SCHOLARSHIPS TO ATTEND SPACE CAMP AND OTHER EDUCATIONAL MUSEUM PROGRAMS. SPACE CAMP AND AFFILIATED PROGRAMS PROVIDE HANDS ON LEARNING OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) IN AN IMMERSIVE SETTING USING SPACE EXPLORATION AS THE THEME AND BACKDROP. THE SAME TECHNIQUE IS APPLIED TO OUR EDUCATOR PROGRAMS AND NOT ONLY TEACHES OUR EDUCATORS BUT PROVIDES LEARNING TOOLS AND INSPIRATION THAT THEY CAN TAKE BACK TO THE CLASSROOM.
OTHER PROGRAM SERVICE EXPENSES - AMOUNT PAID FOR LABOR, TAXES AND BENEFITS TO SUPPORT THE MANY PROGRAMS OF THE U.S. SPACE & ROCKET CENTER.
THE FOUNDATION GRANTS FUNDS TO THE U.S. SPACE & ROCKET CENTER TO FUND ADDITIONAL MUSEUM EXHIBITIONS.
THE FOUNDATION SOLICITS FUNDS FROM CORPORATE AND PRIVATE DONORS TO SPONSOR SEVERAL MAJOR EVENTS THROUGHOUT THE YEAR. THE EVENTS ARE HOSTED BY THE U.S. SPACE & ROCKET CENTER BUT UNDERWRITTEN BY FUNDS RAISED BY THE FOUNDATION. THESE EVENTS SUPPORT THE MISSIONS OF THE FOUNDATION AND THE CENTER AND KEEP THE COMMUNITY AT LARGE ENGAGED AND UP TO DATE ON WHAT IS CURRENT IN THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Brenda Carr Executive Di | Officer | 40 | $128,584 |
Ms Jo Anne Barnhart Director | Trustee | 1 | $0 |
Mr Ryan A Brukardt Chairman | OfficerTrustee | 1 | $0 |
Mr William B Chandler Director | Trustee | 1 | $0 |
Dr Charles R Chappell Director | Trustee | 1 | $0 |
Dr Gretchen Green Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,000 |
| Related organizations | $0 |
| Government grants | $1,608,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,168,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,797,056 |
| Total Program Service Revenue | $13,760,592 |
| Investment income | $253,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $154,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,966,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,144,647 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,532,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $823,776 |
| Payroll taxes | $1,272,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $109,784 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,198 |
| Advertising and promotion | $0 |
| Office expenses | $20,365 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,247 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,546 |
| Insurance | $0 |
| All other expenses | $31 |
| Total functional expenses | $20,155,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,457,196 |
| Savings and temporary cash investments | $5,436,312 |
| Pledges and grants receivable | $1,962,000 |
| 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 | $53,073 |
| Investments—publicly traded securities | $12,599,829 |
| Investments—other securities | $0 |
| Investments—program-related | $881,120 |
| Intangible assets | $0 |
| Other assets | $8,854 |
| Total assets | $24,398,384 |
| Accounts payable and accrued expenses | $1,597,264 |
| 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 | $14,894 |
| Total liabilities | $1,612,158 |
| 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 | $53,074 |
| Retained earnings, endowment, accumulated income, or other funds | $22,733,152 |
| Total liabilities and net assets/fund balances | $24,398,384 |
Grants Awarded
Over the last fiscal year, U S Space & Rocket Center Education Foundation has awarded $6,144,647 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: SCHOLARSHIP/SUPPORT | $1,181,891 |
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: PROGRAM SUPPORT | $87,791 |
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: EXHIBIT SUPPORT | $1,134,598 |
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: CAPITAL PROJECTS | $3,740,367 |