Commercial Spaceflight Federation
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 33-1130927
Organization Overview
Commercial Spaceflight Federation is located in Washington, DC. As of 12/2023, Commercial Spaceflight Federation employed 8 individuals. Commercial Spaceflight Federation 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 12/2023, Commercial Spaceflight Federation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON BUSINESS INTERESTS OF THE PRIVATE SPACE TRANSPORTATION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUITED SEVERAL NEW MEMBER COMPANIES TO EXPAND THE ORGANIZATION. HOSTED MONTHLY EXECUTIVE LEADERSHIP FORUMS FOR THE MEMBERSHIP AS WELL AS COHOSTED A CONFERENCE WITH FAA FOR 500+ ATTENDEES. WORKED IN CONJUNCTION WITH FAA AST, THE NATIONAL SPACE COUNCIL, DEPARTMENT OF COMMERCE, ETC. TO ESTABLISH BETTER RULE MAKING FOR LAUNCH AND RE-ENTRY REQUIREMENTS FOR COMMERCIAL LAUNCH PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karina Drees President | OfficerTrustee | 40 | $235,000 |
Taber Maccallum Director | Trustee | 1 | $0 |
Sirisha Bandla Director | Trustee | 1 | $0 |
Matt Bocchino Director | Trustee | 1 | $0 |
Mat Dunn Director | Trustee | 1 | $0 |
Tim Reid 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 | $158,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,000 |
| Total Program Service Revenue | $1,303,569 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,468,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,875 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $454,166 |
| Pension plan accruals and contributions | $8,439 |
| Other employee benefits | $20,618 |
| Payroll taxes | $51,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,100 |
| Fees for services: Accounting | $32,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,105 |
| Advertising and promotion | $0 |
| Office expenses | $31,157 |
| Information technology | $14,611 |
| Royalties | $0 |
| Occupancy | $84,912 |
| Travel | $70,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,827 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,368,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,251 |
| Savings and temporary cash investments | $301,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,183 |
| 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 | $69,126 |
| Net Land, buildings, and equipment | $30,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,983 |
| Total assets | $1,095,171 |
| Accounts payable and accrued expenses | $29,256 |
| Grants payable | $0 |
| Deferred revenue | $42,058 |
| 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 | $431,185 |
| Total liabilities | $502,499 |
| Net assets without donor restrictions | $592,672 |
| 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 | $1,095,171 |