Aerospace Corporation
- Assets
- $1.0b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 5,317
- Location
- Los Angeles, CA
- Founding
- 10/1961
- Data as of
- 09/2023
- EIN
- 95-2102389
Organization Overview
Aerospace Corporation is located in Los Angeles, CA. The organization was established in 1961. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 09/2023, Aerospace Corporation employed 5,317 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerospace Corporation 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 Corporation generated $1.3b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.3b during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 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 2020, Aerospace Corporation has awarded 25 individual grants totaling $859,891. 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
OUR PURPOSE IS TO ASSIST THE GOVERNMENT AND OTHER CUSTOMERS IN CONCEPTION, DESIGN, ACQUISITION AND OPERATIONS OF SPACE AND OTHER COMPLEX SYSTEMS. MISSION: WORKING TO IMPROVE EFFECTIVENESS FOR SPACE OPERATIONS AND END-USER COMMUNITIES, CONTRIBUTING TO ACQUISITION SUCCESS AND TO 100% MISSION SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION'S PRIMARY CUSTOMER IS THE SPACE SYSTEMS COMMAND(SSC) WHICH IS UNDER THE SPACE FORCE. THE CORPORATION FULFILLS THE FUNCTIONS OF AN ARCHITECT-ENGINEER FOR SPACE SYSTEMS. IT ASSISTS WITH ENGINEERING TASKS REQUIRED TO DEVELOP SPACE SYSTEMS, FROM INITIAL CONCEPT AND DESIGN TO DEPLOYMENT AND OPERATION. PROGRESS IS MONITORED, ALTERNATIVES AND TESTS ARE ANALYZED, AND PROBLEMS ARE RESOLVED IN COOPERATION WITH INDUSTRIAL CONTRACTORS AND GOVERNMENT LABORATORIES.AEROSPACE LABORATORY RESEARCH IS DIRECTED TOWARD ADVANCEMENTS IN MILITARY SPACE SYSTEMS, ENGINEERING FEASIBILITY STUDIES OF NEW SYSTEM CONCEPTS, ANOMALY RESOLUTION, AND ANALYSES AND FORECAST OF DOMESTIC AND FOREIGN TECHNOLOGIES. IN FULFILLING THIS ARCHITECT-ENGINEER ROLE, AEROSPACE STRIVES TO MINIMIZE SYSTEM DEVELOPMENT AND OPERATIONAL RISKS, WHICH IN TURN PROTECTS ACQUISITION SCHEDULES AND AIDS IN COST CONTAINMENT.
AEROSPACE CIVIL SYSTEMS GROUP SUPPORTS CUSTOMERS IN THREE PRIMARY AREAS: NASA PROGRAMS, NOAA (NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION) PROGRAMS AND COMMERCIAL, INTERNATIONAL AND HOMELAND SECURITY PROGRAMS. THE CIVIL SYSTEMS GROUP WORK ENHANCES OUR MISSION ASSURANCE CAPABILITIES FOR OUR NATIONAL SECURITY SPACE CUSTOMER, SSC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S J Isakowitz President & CEO | OfficerTrustee | 40 | $1,789,274 |
E M Swallow Vice President | Officer | 40 | $901,689 |
W H Goodman Vice President | Officer | 40 | $883,526 |
J Morin Vice President | Officer | 40 | $671,416 |
R L Kendall Vice President | Officer | 40 | $766,456 |
T Pemberton Vice President | Officer | 40 | $656,028 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Digital Intelligence Systems Llc Computer & Software | 9/29/23 | $16,920,239 |
Andrews Intl Government Services Inc Security Services | 9/29/23 | $4,008,063 |
Cisco System Inc Hardware Support | 9/29/23 | $4,354,252 |
Chipton-ross Contract Labor | 9/29/23 | $2,965,769 |
Omniplex World Services Corp Security Services | 9/29/23 | $4,361,669 |
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 | $17,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,780 |
| Total Program Service Revenue | $1,297,390,850 |
| Investment income | $1,513,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $79,690 |
| Net Rental Income | $0 |
| 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 | $1,301,016,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $429,537 |
| Grants and other assistance to domestic individuals. | $487,766 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,127,546 |
| Compensation of current officers, directors, key employees. | $6,674,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,791,568 |
| Pension plan accruals and contributions | $91,741,890 |
| Other employee benefits | $60,593,761 |
| Payroll taxes | $51,589,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,997,146 |
| Fees for services: Accounting | $1,104,896 |
| Fees for services: Lobbying | $71,928 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $561,637 |
| Fees for services: Other | $1,805,026 |
| Advertising and promotion | $400,145 |
| Office expenses | $22,262,863 |
| Information technology | $58,849,701 |
| Royalties | $17,750 |
| Occupancy | $42,071,235 |
| Travel | $26,919,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,835,811 |
| Interest | $7,395,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,684,687 |
| Insurance | $2,180,400 |
| All other expenses | $0 |
| Total functional expenses | $1,265,778,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,901,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,148,848 |
| 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 | $27,693,925 |
| Net Land, buildings, and equipment | $613,160,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,181,451 |
| Total assets | $1,043,087,000 |
| Accounts payable and accrued expenses | $139,852,876 |
| 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 | $147,070,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $400,993,203 |
| Total liabilities | $687,916,765 |
| Net assets without donor restrictions | $355,170,235 |
| 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 | $1,043,087,000 |
Grants Awarded
Over the last fiscal year, Aerospace Corporation has awarded $429,537 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASTRONAUTICAL SOCIET | | | $8,550 |
AMERICAN INSTITUTE OF AERONAU | | | $32,074 |
ARMED FORCES COMMUNICATIONS | | | $25,000 |
CONSTITUTIONAL RIGHTS FOUNDAT | | | $20,000 |
EL SEGUNDO BOARD OF GOVERNORS | | | $14,338 |
NATIONAL DEFENSE INDUSTRIAL | | | $12,075 |