Limitless Space Institute Inc
- Assets
- $811.2k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- Data as of
- 12/2021
- EIN
- 84-2206901
Organization Overview
Limitless Space Institute Inc is located in Houston, TX. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Limitless Space Institute Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Limitless Space Institute Inc 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, Limitless Space Institute Inc generated $2.9m in total revenue. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 82.1% per year over the past 3 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
WE PROVIDE EDUCATION RELATING TO SPACE EXPLORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE EDUCATIONAL SPACE EXPLORATION PROGRAMS INCLUDING, BUT NOT LIMITED TO, A YOUTH OUTREACH PROGRAM, COLLEGE LEVEL COURSES ON SPACE EXPLORATION, SUMMER INTERNSHIPS, AND RESEARCH OPPORTUNITIES FOR POST GRADUATE STUDENTS IN AND AROUND HOUSTON, TEXAS. BY PROVIDING EDUCATION RELATING TO SPACE EXPLORATION, LSI WILL EDUCATE YOUTH ON ASTROPHYSICS TO INSPIRE FUTURE SPACE TRAVEL, THUS IMPROVING THE CHANCES FOR SUCCESS OF THESE STUDENTS AND YOUTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Kelly President/treasurer | OfficerTrustee | 40 | $187,688 |
Harold White Director Of Advanced Research Development | Officer | 40 | $168,919 |
Paul Allison Chief Advertising Officer | Officer | 40 | $112,613 |
Kamal Ghaffarian Executive Chairman | OfficerTrustee | 1 | $0 |
Gregory Johnson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,876,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,938,620 |
| Total Program Service Revenue | $2,600 |
| Investment income | $0 |
| 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 | $2,941,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $678,833 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $469,219 |
| Compensation of current officers, directors, key employees. | $18,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,732 |
| Payroll taxes | $201,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,700 |
| Advertising and promotion | $10,462 |
| Office expenses | $37,227 |
| Information technology | $93,252 |
| Royalties | $0 |
| Occupancy | $69,948 |
| Travel | $11,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,489 |
| All other expenses | $545 |
| Total functional expenses | $2,605,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,196 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $811,196 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $811,196 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $811,196 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Limitless Space Institute Inc has recieved totaling $1,796,500.
| Awarding Organization | Amount |
|---|---|
Emerging Light Foundation Inc Rockville, MD PURPOSE: GENERAL SUPPORT | $1,786,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Leadership Prep School Frisco, TX | $24,409,285 | $12,471,078 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Texas Tribune Inc Austin, TX | $12,456,170 | $12,467,958 |