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Nonprofiteer
← ASTRONAUT SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2025

Filed by ASTRONAUT SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$2,278,131
Total expenses
$2,460,226
Contributions and grants received
$1,547,956
Grants paid
$807,797
Program service revenue
$315,506
Investment income
$681,721
Other revenue
-$267,052
Total assets, end of year
$15,879,160
Total liabilities, end of year
$119,151
Net assets or fund balances, end of year
$15,760,009
Program services expenses (Part IX)
$2,056,225
Management and general expenses
$208,693
Fundraising expenses
$195,308
Program service expenses (Part III)
$2,056,225

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,547,956

  • 2a · Program service revenue: SUPPORT SERVICE FEES

    total $292,006 · related or exempt $292,006

  • 2b · Program service revenue: THIRD PARTY SPEAKING EVENTS

    total $23,500 · related or exempt $23,500

  • 4 · Income from investment of tax-exempt bond proceeds

    total $416,913 · excluded $416,913

  • 7a · Gross sales of assets other than inventory

    securities $6,830,262

  • 7b · Less cost or other basis and sales expenses

    securities $6,565,454

  • 7c · Gain or loss

    securities $264,808

  • 7d · Net gain or loss

    total $264,808 · excluded $264,808

  • 8a · Fundraising events: gross income

    $399,898

  • 8b · Fundraising events: direct expenses

    $680,512

  • 8c · Net income from fundraising events

    total -$280,614 · excluded -$280,614

  • 10a · Gross sales of inventory

    $37,369

  • 10b · Cost of goods sold

    $23,807

  • 10c · Net income from sales of inventory

    total $13,562 · related or exempt $13,562

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $807,797 · program services $807,797

  • 5 · Compensation of officers, directors and key employees

    total $140,474 · program services $105,355 · management and general $14,035 · fundraising $21,084

  • 7 · Other salaries and wages

    total $610,470 · program services $457,853 · management and general $60,991 · fundraising $91,626

  • 8 · Pension plan contributions

    total $9,615 · program services $7,211 · management and general $961 · fundraising $1,443

  • 9 · Other employee benefits

    total $64,727 · program services $48,545 · management and general $6,467 · fundraising $9,715

  • 10 · Payroll taxes

    total $58,110 · program services $43,582 · management and general $5,806 · fundraising $8,722

  • 11b · Fees: legal

    total $980 · program services $735 · management and general $98 · fundraising $147

  • 11c · Fees: accounting

    total $20,951 · program services $15,713 · management and general $2,095 · fundraising $3,143

  • 11f · Fees: investment management

    total $39,567 · management and general $39,567

  • 11g · Fees: other

    total $192,202 · program services $144,152 · management and general $19,220 · fundraising $28,830

  • 12 · Advertising and promotion

    total $27,650 · program services $24,885 · fundraising $2,765

  • 13 · Office expenses

    total $92,908 · program services $72,400 · management and general $14,497 · fundraising $6,011

  • 16 · Occupancy

    total $24,300 · program services $18,936 · management and general $3,792 · fundraising $1,572

  • 17 · Travel

    total $23,299 · program services $20,969 · fundraising $2,330

  • 22 · Depreciation, depletion and amortization

    total $16,463 · management and general $16,463

  • 23 · Insurance

    total $5,253 · program services $4,093 · management and general $820 · fundraising $340

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $125,991 · program services $98,183 · management and general $19,658 · fundraising $8,150

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $86,113 · program services $80,341 · fundraising $5,772

  • 24c · Other expenses: SCHOLARSHIP AWARD CEREM

    total $55,210 · program services $55,210

  • 24d · Other expenses: MAJOR DONOR ACTIVITIES

    total $17,068 · program services $15,361 · fundraising $1,707

  • 24e · All other expenses

    total $41,078 · program services $34,904 · management and general $4,223 · fundraising $1,951

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $396,241 · end of year $294,939

  • 2 · Savings and temporary cash investments

    beginning of year $136,855 · end of year $322,029

  • 3 · Pledges and grants receivable

    beginning of year $921,482 · end of year $917,889

  • 4 · Accounts receivable

    beginning of year $33,722 · end of year $30,866

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,072 · end of year $124,134

  • 10a · Land, buildings and equipment: cost or other basis

    $8,627

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,485

  • 10c · Land, buildings and equipment, net

    beginning of year $5,399 · end of year $4,142

  • 11 · Investments: publicly traded securities

    beginning of year $13,055,230 · end of year $14,135,436

  • 14 · Intangible assets

    beginning of year $64,409 · end of year $49,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,249 · end of year $59,212

  • 19 · Deferred revenue

    beginning of year $24,000 · end of year $59,939

  • 27 · Net assets without donor restrictions

    beginning of year $12,438,083 · end of year $13,071,590

  • 28 · Net assets with donor restrictions

    beginning of year $2,251,078 · end of year $2,688,419

Mission and programs · 2025

Mission

TO AID THE UNITED STATES IN RETAINING ITS WORLD LEADERSHIP IN TECHNOLOGY AND INNOVATION BY SUPPORTING THE VERY BEST AND BRIGHTEST SCHOLARS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS WHILE COMMEMORATING THE LEGACY OF AMERICA'S PIONEERING ASTRONAUTS.

Activities or mission (Part I)

THE ORGANIZATION AIDS THE UNITED STATES IN RETAINING WORLD LEADERSHIP IN TECHNOLOGY AND INNOVATION BY SUPPORTING THE VERY BEST AND BRIGHTEST SCHOLARS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS WHILE COMMEMORATING THE LEGACY OF AMERICA'S PIONEERING ASTRONAUTS.

  • THE ORGANIZATION AIDS THE UNITED STATES IN RETAINING ITS WORLD LEADERSHIP IN SCIENCE AND TECHNOLOGY BY (I) PROVIDING SCHOLARSHIPS TO TOP COLLEGE STUDENTS WHO EXHIBIT MOTIVATION, IMAGINATION, AND EXCEPTIONAL PERFORMANCE IN THE SCIENCE OR ENGINEERING FIELD OF THEIR MAJOR, AND (II) FACILITATING PROGRAMS TO EDUCATE THE GENERAL PUBLIC ON THE IMPORTANCE OF SCIENCE AND TECHNOLOGY, AND SPACE EXPLORATION IN PARTICULAR.

    Expenses $2,056,225 · Grants $807,797 · Revenue $329,068

As filed on the 2025 return.

Listed in Part VII

  • Colleen Middlebrooks

    PRESIDENT/CEO

    Total calculated
    $56,123
    From this org
    $56,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Curtis Brown

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    9

  • Lisa Schott

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    11

  • Michael Neukamm

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Eric Moleski

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Scott Altman

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    3

  • James Lovell

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Rick Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jess Blomberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Brandenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kevin Chilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Covey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Caitlin Mackey Driscoll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Chris Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernard Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Janet Kavandi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adero Paige

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Precourt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brewster Shaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Joel Huey

    VICE PRESIDENT OF FINANCE & OPERATIONS

    Total calculated
    $118,539
    From this org
    $118,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Caroline Schumacher

    FORMER PRESIDENT/CEO

    Total calculated
    $84,350
    From this org
    $84,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $84,350
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $84,350

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ASTRONAUT SCHOLARSHIP FOUNDATION REIMBURSES BOARD MEMBER ASTRONAUT'S AND THEIR SPOUSES FOR AIRFARE AND CAR RENTAL TO ATTEND THE HALL OF FAME EVENT.
PART I, LINE 3
COLLEEN'S CEO COMPENSATION IS ESTABLISHED AND REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
1 September 2026
IRS schema version
2025v4.2
Source object
202622449349300527

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