Virginia Space Flight Academy
- Assets
- $136.6k
- Revenue
- $200.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Wallops Island, VA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 54-2040355
Organization Overview
Virginia Space Flight Academy is located in Wallops Island, VA. The organization was established in 2002. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Virginia Space Flight Academy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Space Flight Academy 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 12/2021, Virginia Space Flight Academy generated $200.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $255.1k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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
TO PROVIDE SCIENCE ENGINEERING TECHNOLOGY AND MATH EDUCATION EXPERIENCE FOR STUDENTS IN A RESIDENTIAL SUMMER CAMP FOR MIDDLE SCHOOL STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMP PROVIDED SCIENCE ENGINEERING TECHNOLOGY AND MATH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Check Executive Dir | Officer | 20 | $64,800 |
Frank Moore Chairman | OfficerTrustee | 2 | $0 |
Robert Marshal Treasurer | OfficerTrustee | 2 | $0 |
Aaron Kuipers Director | Trustee | 2 | $0 |
Robie Marsh Director | Trustee | 2 | $0 |
James Schaeffe Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,182 |
| Total Program Service Revenue | $96,846 |
| Investment income | $7,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $64,800 |
| Compensation of current officers, directors, key employees. | $32,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,540 |
| Advertising and promotion | $5,173 |
| Office expenses | $8,587 |
| Information technology | $270 |
| Royalties | $0 |
| Occupancy | $16,869 |
| Travel | $15,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,252 |
| Insurance | $13,219 |
| All other expenses | $0 |
| Total functional expenses | $255,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,427 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $37,026 |
| Investments—publicly traded securities | $72,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,578 |
| Accounts payable and accrued expenses | $3,163 |
| 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 | $3,163 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $133,415 |
| Total liabilities and net assets/fund balances | $136,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Space Flight Academy has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Discovery Place Inc Charlotte, NC | $111,200,822 | $10,179,677 |
Maryland Science Center Baltimore, MD | $34,486,010 | $6,432,096 |
The Kentucky Science Center Inc Louisville, KY | $5,223,902 | $4,115,750 |
Virginia Aquarium & Marine Science Center Foundation Inc Virginia Beach, VA | $33,681,382 | $4,535,734 |
The Virginia Air And Space Center Hampton, VA | $2,430,723 | $3,284,380 |
Kaleideum Winstonsalem, NC | $17,183,226 | $3,243,264 |
Jason Learning Ashburn, VA | $5,870,552 | $2,710,419 |
Catawba Science Center Inc Hickory, NC | $7,857,553 | $1,772,591 |
Great Smoky Mountain Heritage Center Inc Townsend, TN | $3,656,397 | $974,256 |
Science Museum Of Western Virginia Roanoke, VA | $461,302 | $956,745 |
Bha Automobile Museum Inc Hunt Valley, MD | $29,558,452 | $1,782,568 |
Maryland Technology Museum Inc Hunt Valley, MD | $48,995 | $293,094 |