Und Aerospace Foundation

Organization Overview

Und Aerospace Foundation is located in Grand Forks, ND. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Und Aerospace Foundation employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Und Aerospace 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 06/2020, Und Aerospace Foundation generated $35.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $34.7m during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 6 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 2015, Und Aerospace Foundation has awarded 22 individual grants totaling $2,045,664. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION IN THE FIELD OF AEROSPACE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UND AEROSPACE FOUNDATION (THE FOUNDATION) IS A NORTH DAKOTA NONPROFIT ORGANIZATION ORGANIZED TO ENCOURAGE AND DEVELOP THE UNIVERSITY OF NORTH DAKOTA'S (UND) JOHN D. ODEGARD SCHOOL OF AEROSPACE SCIENCES. THE FOUNDATION'S PRINCIPAL ACTIVITIES CONSIST OF DEVELOPING AND CONDUCTING TRAINING PROGRAMS, RESEARCH AND DEVELOPMENT, AND CONSULTING SERVICES RELATED TO THE AEROSPACE INDUSTRY. THE FOUNDATION'S PRINCIPAL ACTIVITIES ARE LOCATED IN GRAND FORKS, ND, WITH AN ADDITIONAL FLIGHT TRAINING CENTER LOCATED IN MESA, AZ. AVIATION TRAINING - CLASSROOM, FLIGHT TRAINING, AND SUPPORT SERVICES DELIVERED TO PILOT STUDENTS AT GRAND FORKS CAMPUS, WITH 20,975 FLIGHT TRAINING HOURS DURING THE YEAR.


FLIGHT TRAINING CENTERS - FLIGHT TRAINING DELIVERED TO STUDENT PILOTS OUTSIDE OF THE GRAND FORKS CAMPUS, PRIMARILY STUDENTS ENROLLED IN COMMUNITY COLLEGE PROGRAMS. LOCATION IS MESA, ARIZONA AND WITH 20,867 FLIGHT HOURS DURING THE YEAR. CURRENTLY DEVELOPING AN ADDITIONAL LOCATION IN SAUDI ARABIA IN CONJUNCTION WITH THE TAYARAN FLIGHT ACADEMY, PROVIDING TRAINING AND CONSULTING SERVICES.


AIRCRAFT AND SIMULATOR RENTAL - RENTAL RECEIPTS FOR AIRCRAFT AND SIMULATORS FOR USE AT GRAND FORKS CAMPUS FOR FLIGHT TRAINING, PRIMARILY FOR USE WITH THE UNDERGRADUATE STUDENTS ENROLLED AT THE UNIVERSITY OF NORTH DAKOTA. ASSETS INCLUDE AIRCRAFT AND SIMULATORS.


OTHER PROGRAMS INCLUDE FAA TESTING CENTER, SOFTWARE DEVELOPMENT, AND AEROSPACE MERCHANDISE SALES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Top Flight Aviation Service Company
Professional Services
$489,866
William Landing Lp
Student Apartment Rental
$130,848
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$220,595
Investment income -$15,810
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $468,738
Net Gain/Loss on Asset Sales $1,098,707
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $44,653
Miscellaneous Revenue$0
Total Revenue $35,764,126

Grants Awarded

Over the last fiscal year, Und Aerospace Foundation has awarded $209,706 in support to 6 organizations.

Grant RecipientAmount

UNIVERSITY OF NORTH DAKOTA

PURPOSE: Program support.

$59,902

UNIVERSITY OF NORTH DAKOTA

PURPOSE: Program support.

$59,902

UNIVERSITY OF NORTH DAKOTA

PURPOSE: Program support.

$59,902

Seattle, WA

PURPOSE: Education

$10,000

Seattle, WA

PURPOSE: Education

$10,000

Seattle, WA

PURPOSE: Education

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Und Aerospace Foundation has recieved totaling $430,000.

Awarding OrganizationAmount
Ray Foundation Inc

Naples, FL

PURPOSE: VETERANS SCHOLARSHIP PROGRAM SUPPORT

$330,000
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$100,000
Mary E Bazar Robin Foundation

Woodland Hills, CA

PURPOSE: AEROSPACE STUDIES

$0
Si Robin Foundation

Woodland Hills, CA

PURPOSE: AEROSPACE STUDIES

$0
View Grant Recipient Profile

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