Institute Of Navigation
- Assets
- $16.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Manassas, VA
- Founding
- 10/1946
- Data as of
- 03/2021
- EIN
- 53-6019389
Organization Overview
Institute Of Navigation is located in Manassas, VA. The organization was established in 1946. As of 03/2022, Institute Of Navigation employed 8 individuals. This organization is the central organization for a national or regional group of organizations. Institute Of Navigation 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 03/2021, Institute Of Navigation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $1.5m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ION IS TO ADVANCE THE ART AND SCIENCE OF POSITIONING, NAVIGATION AND TIMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND WORKSHOPS - VARIOUS FORUMS TO DISCUSS TECHNICAL PAPERS AND RELATED PRESENTATION OF ADVANCEMENTS IN NAVIGATION, POSITIONING AND TIMING TECHNOLOGIES.
MEMBERSHIP - MEMBERSHIP CONSISTED OF BOTH INDIVIDUALS AND CORPORATIONS, FROM INDUSTRY, GOVERNMENT AND ACADEMIA WHO SEEK TO PROMOTE THE ART AND SCIENCE OF NAVIGATION, POSITIONING AND TIMING.
COUNCIL AND CHAPTERS - RELATES TO IDENTIFICATION OF MATTERS RELATIVE TO NAVIGATION WHICH WOULD IMPACT MEMBERS. CHAPTER PROGRAMS INCLUDING EDUCATIONAL OUTREACH AND AUTONOMOUS SNOW PLOW COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Beaty Executive Director | Officer | 50 | $367,788 |
Richard Buongioanni Director Of It | 40 | $178,556 | |
Ken Esthus Director Of Membership & Marketing | 40 | $131,788 | |
Sherman Lo Executive VP | OfficerTrustee | 1 | $0 |
Frank Van Diggelen President | OfficerTrustee | 1 | $0 |
Frank Van Graas Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency Long Beach Conference Services, Food And Beverage, | 3/30/20 | $231,589 |
Hyatt Regency Miami Conference Services, Food And Beverage, | 3/30/20 | $216,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $113,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $486,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,464,159 |
| 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. | $553,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,727 |
| Pension plan accruals and contributions | $50,721 |
| Other employee benefits | $13,262 |
| Payroll taxes | $49,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,238 |
| Fees for services: Accounting | $23,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,777 |
| Fees for services: Other | $11,305 |
| Advertising and promotion | $0 |
| Office expenses | $19,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,870 |
| Insurance | $7,095 |
| All other expenses | $0 |
| Total functional expenses | $1,527,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,556,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $46,521 |
| Investments—publicly traded securities | $15,016,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,770 |
| Total assets | $16,627,997 |
| Accounts payable and accrued expenses | $125,192 |
| Grants payable | $0 |
| Deferred revenue | $479,084 |
| 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 | $107,472 |
| Total liabilities | $711,748 |
| 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 | $15,916,249 |
Grants Awarded
Over the last fiscal year, Institute Of Navigation has awarded $15,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: SNOWPLOW COMPETITION PRIZE | $8,000 |
Cleveland, OH PURPOSE: SNOWPLOW COMPETITION PRIZE | $7,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute Of Navigation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Carmax Foundation Richmond, VA PURPOSE: VOLUNTEER TEAM-BUILDERS & DRIVE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Laboratory Accreditation Frederick, MD | $14,574,609 | $21,308,917 |
Heart Rhythm Society Inc Washington, DC | $14,704,509 | $17,863,726 |
American Society For Engineering Education Washington, DC | $9,064,314 | $18,727,509 |
Information Technology Industry Council Ltd Washington, DC | $23,400,672 | $20,714,529 |
Pittsburgh Conference On Analytic Chemistry & Applied Spectroscopy Pittsburgh, PA | $11,511,370 | $3,897,054 |
Academy Of Managed Care Pharmacy A New Jersey Nonprofit Corporation Alexandria, VA | $27,096,439 | $20,779,074 |
Academy Of Natural Sciences Of Philadelphia Philadelphia, PA | $106,852,043 | $22,108,595 |
American Astronomical Society Washington, DC | $21,871,177 | $17,471,166 |
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
North Carolina Biotechnology Center Research Triangle Park, NC | $36,440,488 | $16,619,048 |
Engineering Consulting Services Ltd Employee Benefit Plan Chantilly, VA | $4,513,025 | $18,551,401 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |