U S Space & Rocket Center Education Foundation
- Assets
- $18.3m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 662
- Location
- Huntsville, AL
- Founding
- 11/2015
- Data as of
- 09/2022
- EIN
- 63-1265839
Organization Overview
U S Space & Rocket Center Education Foundation is located in Huntsville, AL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2022, U S Space & Rocket Center Education Foundation employed 662 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S Space & Rocket Center Education 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 09/2022, U S Space & Rocket Center Education Foundation generated $26.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $13.3m during the year ending 09/2022. While expenses have increased by 8.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE U.S. SPACE & ROCKET CENTER EDUCATION FOUNDATION SUPPORTS THE EDUCATIONAL PROGRAMS AND PROJECTS OF THE U.S. SPACE & ROCKET CENTER AND SPACE CAMP THROUGH GRANTS, FUNDRAISING, SCHOLARSHIPS, EVENTS AND CORPORATE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE FUNDRAISING EFFORTS OF THE FOUNDATION, DONATIONS ARE MADE AND ALLOCATED TO THE U.S. SPACE & ROCKET CENTER FOR SCHOLARSHIPS TO ATTEND SPACE CAMP AND OTHER EDUCATIONAL MUSEUM PROGRAMS. SPACE CAMP AND AFFILIATED PROGRAMS PROVIDE HANDS ON LEARNING OF SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) IN AN IMMERSIVE SETTING USING SPACE EXPLORATION AS THE THEME AND BACKDROP. THE SAME TECHNIQUE IS APPLIED TO OUR EDUCATOR PROGRAMS AND NOT ONLY TEACHES OUR EDUCATORS BUT PROVIDES LEARNING TOOLS AND INSPIRATION THAT THEY CAN TAKE BACK TO THE CLASSROOM.
THE FOUNDATION GRANTS FUNDS TO THE U.S. SPACE & ROCKET CENTER TO FUND ADDITIONAL MUSEUM EXHIBITIONS.
THE FOUNDATION SOLICITS FUNDS FROM CORPORATE AND PRIVATE DONORS TO SPONSOR SEVERAL MAJOR EVENTS THROUGHOUT THE YEAR. THE EVENTS ARE HOSTED BY THE U.S. SPACE & ROCKET CENTER BUT UNDERWRITTEN BY FUNDS RAISED BY THE FOUNDATION. THESE EVENTS SUPPORT THE MISSIONS OF THE FOUNDATION AND KEEP THE COMMUNITY AT LARGE ENGAGED AND UP TO DATE ON WHAT IS CURRENT IN THE MUSEUM.
OTHER PROGRAM SERVICE EXPENSES - AMOUNT PAID FOR LABOR, TAXES AND BENEFITS TO SUPPORT THE MANY PROGRAMS OF THE U.S. SPACE & ROCKET CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Brenda Carr Executive Di | Officer | 40 | $66,590 |
Mr Jeffrey H Samz Secretary/tr | OfficerTrustee | 1 | $0 |
Mr William B Chandler Chairman | OfficerTrustee | 1 | $0 |
Mr Ryan A Brukardt Vice Chairma | OfficerTrustee | 1 | $0 |
Mg Ret Barbara Fast Director | Trustee | 1 | $0 |
Ms Jo Anne Barnhart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $430,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,967,079 |
| Noncash contributions included in lines 1a–1f | $10,000,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,397,079 |
| Total Program Service Revenue | $9,726,155 |
| Investment income | $10,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,134,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,338,229 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,441,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $513,640 |
| Payroll taxes | $633,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,541 |
| Advertising and promotion | $0 |
| Office expenses | $24,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,361 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,257,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,101,075 |
| Savings and temporary cash investments | $5,611,961 |
| Pledges and grants receivable | $1,583,352 |
| 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 | $63,330 |
| Investments—publicly traded securities | $9,143,155 |
| Investments—other securities | $0 |
| Investments—program-related | $774,797 |
| Intangible assets | $0 |
| Other assets | $2,475 |
| Total assets | $18,280,145 |
| Accounts payable and accrued expenses | $1,265,282 |
| 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 | $15,970 |
| Total liabilities | $1,281,252 |
| 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 | $63,329 |
| Retained earnings, endowment, accumulated income, or other funds | $16,935,564 |
| Total liabilities and net assets/fund balances | $18,280,145 |
Grants Awarded
Over the last fiscal year, U S Space & Rocket Center Education Foundation has awarded $3,338,229 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: EXHIBIT SUPPORT | $2,872,505 |
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: SCHOLARSHIP/SUPPORT | $437,672 |
ALABAMA SPACE SCIENCE EXHIBIT COMM PURPOSE: PROGRAM SUPPORT | $28,052 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that U S Space & Rocket Center Education Foundation has recieved totaling $1,254,833.
| Awarding Organization | Amount |
|---|---|
Club For The Future Kent, WA PURPOSE: INSPIRE FUTURE GENERATIONS TO PURSUE CAREERS IN STEM AND HELP INVENT THE FUTURE OF LIFE IN SPACE | $1,000,000 |
National Space Club Huntsville Committee Inc Huntsville, AL PURPOSE: STEM SCHOLARSHIPS | $102,000 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,361 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,100 |
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: EDUCATION | $15,500 |
Endowment Analysis
| Beg. Balance | $779,584 |
| Earnings | -$153,771 |
| Net Contributions | $119,849 |
| Ending Balance | $768,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Community Partnership For Children Inc Daytona Beach, FL | $7,398,466 | $42,384,599 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Mid Florida Community Services Inc Brooksville, FL | $8,295,258 | $33,232,002 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Catholic Charities Of The Archdiocese Of Miami Inc Wilton Manors, FL | $36,927,794 | $28,326,480 |
Miccosukee Corporation Miami, FL | $15,325,636 | $27,086,119 |
Jefferson County Committee For Economic Opportunity Birmingham, AL | $11,300,936 | $24,764,139 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |