Radio Amateur Satellite Corporation
- Assets
- $932.5k
- Revenue
- $409.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 10/1969
- Data as of
- 12/2020
- EIN
- 52-0888529
Organization Overview
Radio Amateur Satellite Corporation, operating under the name Amsat, is located in Washington, DC. The organization was established in 1969. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amsat 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 12/2020, Amsat generated $409.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $343.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DESIGN AND BUILD SATELLITES FOR AMATEUR RADIO COMMUNICATION, AND PROMOTE RELATED SKILLS AND INTEREST IN POTENTIAL USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS AND SOFTWARE - DEVELOP, PUBLISH, PRINT, AND DISTRIBUTE EDUCATIONAL MATERIALS RELATED TO COMMUNICATION SATELLITES, AMATEUR RADIO, AND SCIENTIFIC, EDUCATIONAL, AND TECHNICAL PROGRAMS. THERE WERE SIX JOURNALS PUBLISHED DURING THE CURRENT YEAR.
INFORMATION AND SYMPOSIA - PROVIDED ELECTRONIC INFORMATION SERVICES TO SERVICE THE NEEDS OF OVER 700,000 STUDENTS, LICENSED AMATEUR RADIO OPERATORS, AND EDUCATORS.
SATELLITE DEVELOPMENT - DESIGN, CONSTRUCT, AND LAUNCH SATELLITES FOR AMATEUR RADIO COMMUNICATION.
SATELLITE OPERATIONS - TO OPERATE SATELLITES OF AMATEUR RADIO COMMUNICATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Saragovitz Manager | Officer | 40 | $77,882 |
Paul Stoetzer Executive VP | OfficerTrustee | 15 | $0 |
Andrew Glasbrenner VP Operation | OfficerTrustee | 10 | $0 |
Gerald Buxton VP Engineeri | OfficerTrustee | 10 | $0 |
Steve Belter Treasurer | Officer | 15 | $0 |
Robert Bankston President | Officer | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,443 |
| Investment income | $16,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,298 |
| Statement of Expenses | |
|---|---|
| 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. | $86,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,646 |
| Fees for services: Accounting | $15,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,670 |
| Advertising and promotion | $0 |
| Office expenses | $18,235 |
| Information technology | $7,708 |
| Royalties | $0 |
| Occupancy | $26,270 |
| Travel | $5,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $557 |
| Insurance | $2,639 |
| All other expenses | $0 |
| Total functional expenses | $343,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,405 |
| 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 | $7,581 |
| Investments—publicly traded securities | $717,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $932,548 |
| Accounts payable and accrued expenses | $41,508 |
| 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 | $0 |
| Total liabilities | $41,508 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $891,040 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Radio Amateur Satellite Corporation has recieved totaling $1,697.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radio Free Asia Washington, DC | $14,965,944 | $48,612,809 |
Atlantic Gateway Communications Inc Rockville, MD | $17,231,384 | $8,767,157 |
Positive Alternative Radio Inc Blacksburg, VA | $12,105,265 | $8,585,071 |
Your Public Radio Corporation Baltimore, MD | $11,534,970 | $6,734,198 |
Radioloy Business Management Association Fairfax, VA | $1,925,758 | $2,363,822 |
Towson University Public Media Towson, MD | $1,208,629 | $1,772,101 |
America Abroad Media Washington, DC | $41,649 | $950,475 |
Council On Radionuclides & Radiopharmaceuticals Washington, DC | $1,555,856 | $899,428 |
The Software Defined Radio Forum Inc Reston, VA | $795,838 | $578,782 |
Radio Amateur Satellite Corporation Washington, DC | $932,548 | $409,298 |
Foundation For Amateur Radio Inc Laurel, MD | $244,713 | $131,593 |
Radio & Television News Directors Foundation Washington, DC | $2,755,583 | $335,407 |