Aerospace Corporation

Organization Overview

Aerospace Corporation is located in Los Angeles, CA. The organization was established in 1961. 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, Aerospace Corporation employed 5,009 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aerospace Corporation 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, Aerospace Corporation generated $1.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.1b during the year ending 09/2021. While expenses have increased by 2.6% 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.

Since 2020, Aerospace Corporation has awarded 15 individual grants totaling $402,548. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR PURPOSE IS TO ASSIST THE GOVERNMENT AND OTHER CUSTOMERS IN CONCEPTION, DESIGN, ACQUISITION AND OPERATIONS OF SPACE AND OTHER COMPLEX SYSTEMS. MISSION: WORKING TO IMPROVE EFFECTIVENESS FOR SPACE OPERATIONS AND END-USER COMMUNITIES, CONTRIBUTING TO ACQUISITION SUCCESS AND TO 100% MISSION SUCCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION'S PRIMARY CUSTOMER IS THE SPACE AND MISSILE SYSTEMS CENTER (SMC) OF THE AIR FORCE SPACE COMMAND. THE CORPORATION FULFILLS THE FUNCTIONS OF AN ARCHITECT-ENGINEER FOR SPACE SYSTEMS. IT ASSISTS WITH ENGINEERING TASKS REQUIRED TO DEVELOP SPACE SYSTEMS, FROM INITIAL CONCEPT AND DESIGN TO DEPLOYMENT AND OPERATION. PROGRESS IS MONITORED, ALTERNATIVES AND TESTS ARE ANALYZED, AND PROBLEMS ARE RESOLVED IN COOPERATION WITH INDUSTRIAL CONTRACTORS AND GOVERNMENT LABORATORIES.AEROSPACE LABORATORY RESEARCH IS DIRECTED TOWARD ADVANCEMENTS IN MILITARY SPACE SYSTEMS, ENGINEERING FEASIBILITY STUDIES OF NEW SYSTEM CONCEPTS, ANOMALY RESOLUTION, AND ANALYSES AND FORECAST OF DOMESTIC AND FOREIGN TECHNOLOGIES. IN FULFILLING THIS ARCHITECT-ENGINEER ROLE, AEROSPACE STRIVES TO MINIMIZE SYSTEM DEVELOPMENT AND OPERATIONAL RISKS, WHICH IN TURN PROTECTS ACQUISITION SCHEDULES AND AIDS IN COST CONTAINMENT.


AEROSPACE CIVIL SYSTEMS GROUP SUPPORTS CUSTOMERS IN THREE PRIMARY AREAS: NASA PROGRAMS, NOAA (NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION) PROGRAMS AND COMMERCIAL, INTERNATIONAL AND HOMELAND SECURITY PROGRAMS. THE CIVIL SYSTEMS GROUP WORK ENHANCES OUR MISSION ASSURANCE CAPABILITIES FOR OUR NATIONAL SECURITY SPACE CUSTOMER, SMC.


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Board, Officers & Key Employees

Name (title)Compensation
S J Isakowitz
President & CEO
$1,172,697
W C Krenz
Vice President
$743,038
W H Goodman
Vice President
$708,766
M R Clinton
Vice President
$649,820
A Lueje
Gen Counsel
$589,180
V Ward
Gen Mgr
$573,144

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Digital Intelligence Systems Llc
Computer & Software
$18,373,701
Chipton-ross
Contract Labor
$2,821,741
Andrews Intl Government Services Inc
Security Services
$7,021,813
Servicon Systems Inc
Facilities Maint Services
$2,376,326
Equinix Inc - #774252
Data Center Mgmt
$2,072,085
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$100,209
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$100,209
Total Program Service Revenue$1,162,822,147
Investment income $493,080
Tax Exempt Bond Proceeds $0
Royalties $71,000
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 $1,166,046,000

Grants Awarded

Over the last fiscal year, Aerospace Corporation has awarded $23,000 in support to 3 organizations.

Grant RecipientAmount

NATIONAL DEFENSE INDUSTRIAL A

|

|

$8,750

WOMEN IN AEROSPACE WIA

|

|

$7,250

AMERICAN ASTRONAUTICAL SOCIET

Org PageRecipient Profile

Springfield, VA

|

$7,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Aerospace Corporation has recieved totaling $27,265.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$27,265
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$704,031
Earnings$546
Net Contributions$100,209
Other Expense$4
Grants$55,000
Ending Balance$749,782

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