Manned Space Flight Education Foundation Incorporated
- Assets
- $76.7m
- Revenue
- $45.0m
- Investments
- $0.0
- Employees
- 380
- Location
- Houston, TX
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 76-0217152
Organization Overview
Manned Space Flight Education Foundation Incorporated, operating under the name Space Center Houston, is located in Houston, TX. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Space Center Houston employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Space Center Houston 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 12/2021, Space Center Houston generated $45.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $26.2m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MANNED SPACE FLIGHT EDUCATION FOUNDATION, INC. IS TO OPERATE SPACE CENTER HOUSTON, A VISITORS CENTER DEVOTED TO INCREASEDPUBLIC KNOWLEDGE OF MANNED SPACE FLIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANNED SPACE FLIGHT EDUCATION FOUNDATION OPERATES SPACE CENTER HOUSTON, A VISITORS' CENTER DEVOTED TO INCREASING PUBLIC KNOWLEDGE OF MANNED SPACE FLIGHT BY PROVIDING ARTIFACTS, EXHIBITS, TOURS OF NASA, AND LIVE DEMONSTRATIONS. VISITORS APPROXIMATE 1,000,000 ANNUALLY. HOWEVER DUE TO THE PANDEMIC IN 2020/2021, THE FOUNDATION SAW A DECREASE IN VISITORS AND PROGRAM REVENUE. IN ADDITION, THE FOUNDATION BENEFITS FROM VOLUNTEER EFFORTS, WHICH HAVE TOTALED 10,500 HOURS AND HAVE BEEN VALUED AT $300,000. THE MISSION OF SPACE CENTER HOUSTON, THE GATEWAY TO JOHNSON SPACE CENTER AND THE ASTRONAUTS, IS TO BE A WORLD-CLASS ATTRACTION DEDICATED TO INSPIRING, ENTERTAINING AND EDUCATING EVERY GENERATION ABOUT SPACE EXPLORATION, THE MISSION OF NASA'S JOHNSON SPACE CENTER, RELATED AREAS OF SCIENCE AND TECHNOLOGY, AND THE BENEFITS OF SPACE EXPLORATION TO HUMANKIND.
MANNED SPACE FLIGHT EDUCATION FOUNDATION OPERATES SPACE CENTER HOUSTON, A VISITORS' CENTER DEVOTED TO INCREASING PUBLIC KNOWLEDGE OF MANNED SPACE FLIGHT BY PROVIDING ARTIFACTS, EXHIBITS, TOURS OF NASA, AND LIVE DEMONSTRATIONS. VISITORS APPROXIMATE 1,000,000 ANNUALLY. HOWEVER DUE TO THE PANDEMIC IN 2020/2021, THE FOUNDATION SAW A DECREASE IN VISITORS AND PROGRAM REVENUE. IN ADDITION, THE FOUNDATION BENEFITS FROM VOLUNTEER EFFORTS, WHICH HAVE TOTALED 10,500 HOURS AND HAVE BEEN VALUED AT $300,000. THE MISSION OF SPACE CENTER HOUSTON, THE GATEWAY TO JOHNSON SPACE CENTER AND THE ASTRONAUTS, IS TO BE A WORLD-CLASS ATTRACTION DEDICATED TO INSPIRING, ENTERTAINING AND EDUCATING EVERY GENERATION ABOUT SPACE EXPLORATION, THE MISSION OF NASA'S JOHNSON SPACE CENTER, RELATED AREAS OF SCIENCE AND TECHNOLOGY, AND THE BENEFITS OF SPACE EXPLORATION TO HUMANKIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Harris Ceo/president | Officer | 40 | $551,455 |
Mary Baerg COO | Officer | 40 | $291,393 |
Janet Brown VP Of Finance | Officer | 40 | $285,884 |
Richard Glover VP Of Communications | Officer | 40 | $209,946 |
Daniel Newmyer VP Of Education | Officer | 40 | $160,307 |
Anna Haire Hr Director | 40 | $142,578 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Assurance Electric Electrical Services | 12/30/20 | $418,868 |
Guru Experience Co Software Application | 12/30/20 | $220,001 |
Exhibits Development Group Llc Exhibit Services | 12/30/20 | $125,000 |
Assurance Electric Electrical Services | 12/30/20 | $418,868 |
Guru Experience Co Software Application | 12/30/20 | $220,001 |
Exhibits Development Group Llc Exhibit Services | 12/30/20 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,069,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,612,167 |
| Noncash contributions included in lines 1a–1f | $4,864 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,681,339 |
| Total Program Service Revenue | $25,219,565 |
| Investment income | $1,037 |
| Tax Exempt Bond Proceeds | $314 |
| Royalties | $3,992,701 |
| Net Rental Income | $15,975 |
| Net Gain/Loss on Asset Sales | $102,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,013,359 |
| 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. | $1,498,985 |
| Compensation of current officers, directors, key employees. | $990,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,416,622 |
| Pension plan accruals and contributions | $214,378 |
| Other employee benefits | $1,582,009 |
| Payroll taxes | $712,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,064 |
| Fees for services: Other | $1,195,039 |
| Advertising and promotion | $1,866,970 |
| Office expenses | $1,187,691 |
| Information technology | $350,599 |
| Royalties | $0 |
| Occupancy | $300,781 |
| Travel | $58,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,413 |
| Interest | $383,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,204,706 |
| Insurance | $839,387 |
| All other expenses | $0 |
| Total functional expenses | $26,188,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,626,353 |
| Savings and temporary cash investments | $43,683,712 |
| Pledges and grants receivable | $242,724 |
| Accounts receivable, net | $544,515 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,491 |
| Prepaid expenses and deferred charges | $399,005 |
| Net Land, buildings, and equipment | $30,063,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,353 |
| Total assets | $76,743,192 |
| Accounts payable and accrued expenses | $2,335,181 |
| Grants payable | $0 |
| Deferred revenue | $2,113,719 |
| Tax-exempt bond liabilities | $9,305,000 |
| 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 | $2,000,000 |
| Other liabilities | $0 |
| Total liabilities | $15,753,900 |
| Net assets without donor restrictions | $58,695,226 |
| Net assets with donor restrictions | $2,294,066 |
| 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 | $76,743,192 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manned Space Flight Education Foundation Incorporated has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |