Universities Space Research Association
- Assets
- $66.0m
- Revenue
- $147.6m
- Investments
- $0.0
- Employees
- 579
- Location
- Columbia, MD
- Founding
- 10/1969
- Data as of
- 09/2021
- EIN
- 52-0892064
Organization Overview
Universities Space Research Association is located in Columbia, MD. The organization was established in 1969. 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 09/2021, Universities Space Research Association employed 579 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universities Space Research Association 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 09/2021, Universities Space Research Association generated $147.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $146.0m during the year ending 09/2021. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE SPACE AND AERONAUTICS RELATED SCIENCES AND EXPLORATION THROUGH INNOVATIVE RESEARCH, TECHNOLOGY, AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
NASA ACADEMIC MISSION SERVICES (NAMS) CONTRACT TO DELIVER NEW CONCEPTS, TOOLS AND TECHNOLOGIES RELATED TO AERONAUTICS, SCIENCE AND AERO FLIGHT DYNAMICS. THIS FIVE-YEAR AGREEMENT FOR A $193 MILLION AWARD LAUNCHES AN INTEGRATED MULTI-YEAR RESEARCH EFFORT TO BE CONDUCTED AT NASA'S AMES RESEARCH CENTER, WHICH RANGES FROM FUNDAMENTAL RESEARCH AND DEVELOPMENT THROUGH FIELD TEST DEPLOYMENTS AND OPERATIONAL SCIENCE MISSIONS.
EDUCATION PROGRAMS (EAP & EPO): THE EDUCATION PROGRAM'S OFFICE PRIMARILY SUPPORTS NASA'S EFFORTS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN AEROSPACE ENGINEERING AND THE SPACE SCIENCES, AS WELL AS ENCOURAGING YOUNG STUDENTS TO STAY IN SCHOOL AND PURSUE CAREERS IN SCIENCE, ENGINEERING, AND BUSINESS.
STRATOSPHERIC OBSERVATORY FOR INFRARED ASTRONOMY (SOFIA):SOFIA IS AN AIRBORNE OBSERVATORY THAT STUDIES THE UNIVERSE IN THE INFRARED SPECTRUM. BESIDES THIS CONTRIBUTION TO SCIENCE PROGRESS, SOFIA IS A MAJOR FACTOR IN THE DEVELOPMENT OF OBSERVATIONAL TECHNIQUES, OF NEW INSTRUMENTATIONS, AND IN THE EDUCATION OF YOUNG SCIENTISTS AND TEACHERS IN THE DISCIPLINE OF INFRARED ASTRONOMY. SOFIA FLIES INTO THE STRATOSPHERE, OPENS THE TELESCOPE CAVITY DOOR, AND POINTS ITS TELESCOPE AT THE HEAVENS MOST NIGHTS A WEEK IN THIS DECADE AND THE NEXT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Isaacson President And CEO | OfficerTrustee | 40 | $1,369,873 |
David Bell Director, Nams & Riacs | Officer | 40 | $324,065 |
Mary Jean Greenwell Vp,finance And Admin,cfo | Officer | 40 | $317,521 |
Bernard Seery Svp,technology R&d | Officer | 40 | $306,520 |
Ghassem Asrar Svp, Science | Officer | 40 | $296,932 |
Kevin Schmadel Vp,corp Affairs And Comm | 40 | $283,214 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crown Consulting Inc Scientific Support Services | 9/29/21 | $5,126,933 |
Rigetti & Co Inc Scientific Support Services | 9/29/21 | $1,383,546 |
Morgan State Univ Scientific Support Services | 9/29/21 | $2,797,962 |
Global Science & Technology Scientific Support Services | 9/29/21 | $4,077,272 |
Mosaic Atm Inc Scientific Support Services | 9/29/21 | $3,869,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,025,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,066,460 |
| Total Program Service Revenue | $486,182 |
| Investment income | $102,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,588,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,531,046 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,438,196 |
| Compensation of current officers, directors, key employees. | $545,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,216,065 |
| Pension plan accruals and contributions | $4,874,732 |
| Other employee benefits | $4,065,632 |
| Payroll taxes | $3,802,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,331,616 |
| Fees for services: Accounting | $363,584 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,724 |
| Fees for services: Other | $31,955,823 |
| Advertising and promotion | $0 |
| Office expenses | $211,004 |
| Information technology | $1,250,102 |
| Royalties | $0 |
| Occupancy | $1,013,850 |
| Travel | $1,158,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $438,241 |
| Interest | $340,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $949,955 |
| Insurance | $407,234 |
| All other expenses | $217,340 |
| Total functional expenses | $146,017,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,561,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,235,112 |
| 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 | $742,402 |
| Net Land, buildings, and equipment | $18,429,431 |
| Investments—publicly traded securities | $7,061,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,030,846 |
| Accounts payable and accrued expenses | $17,842,623 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,136,610 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $272,896 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,470,786 |
| Total liabilities | $28,722,915 |
| Net assets without donor restrictions | $36,671,779 |
| Net assets with donor restrictions | $636,152 |
| 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 | $66,030,846 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Universities Space Research Association has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $300,000 |
| Ending Balance | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universities Space Research Association Columbia, MD | $66,030,846 | $147,588,502 |
American Geophysical Union Washington, DC | $197,960,779 | $46,621,349 |
National Institute Of Aerospace Associates Hampton, VA | $24,951,080 | $26,735,144 |
American Institute Of Aeronautics And Astronautics Reston, VA | $43,823,405 | $27,848,367 |
Academy Of Natural Sciences Of Philadelphia Philadelphia, PA | $106,852,043 | $22,108,595 |
General Aviation Manufacturers Association Inc Washington, DC | $11,882,458 | $7,210,865 |
American Council On Renewable Energy-Acore Washington, DC | $2,445,109 | $6,857,978 |
Universities Research Association Inc Washington, DC | $19,819,998 | $5,982,811 |
Korea-Us Science Cooperation Center Vienna, VA | $5,319,420 | $4,061,638 |
American Center For Physics Inc college park, MD | $26,806,500 | $2,493,197 |
Alliance For Market Solutions Inc Mclean, VA | $810,160 | $251,246 |
Mineralogical Society Of America Chantilly, VA | $5,715,292 | $1,463,558 |