Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $35,072

• 2a · Program service revenue: Contract income

  total $1,365,022,504 · related or exempt $1,365,022,504

• 3 · Investment income

  total $2,277,490 · related or exempt $2,277,490

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

  total $0

• 5 · Royalties

  total $66,120 · related or exempt $66,120

• 6d · Net rental income or loss

  total $0

• 7d · Net gain or loss

  total $0

• 8c · Net income from fundraising events

  total $0

• 9c · Net income from gaming

  total $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Other Income/Losses

  total $812,814 · related or exempt $812,814

• 11b · Other revenue: Unrealized Gain/(Loss)

  total $4,480,000 · related or exempt $4,480,000

• 11e · Other revenue, total

  $5,292,814

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $797,924 · program services $797,924

• 2 · Grants to domestic individuals

  total $514,917 · program services $514,917

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $15,670,059 · program services $7,443,294 · management and general $8,226,765

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $819,872,855 · program services $790,620,122 · management and general $29,252,733

• 8 · Pension plan contributions

  total $93,767,372 · program services $88,572,088 · management and general $5,195,284

• 9 · Other employee benefits

  total $67,662,874 · program services $65,197,257 · management and general $2,465,617

• 10 · Payroll taxes

  total $55,497,336 · program services $53,456,268 · management and general $2,041,068

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $893,272 · program services $302,435 · management and general $590,837

• 11c · Fees: accounting

  total $947,841 · program services $320,910 · management and general $626,931

• 11d · Fees: lobbying

  total $77,368 · management and general $77,368

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $982,108 · program services $332,512 · management and general $649,596

• 11g · Fees: other

  total $1,305,242 · program services $441,915 · management and general $863,327

• 12 · Advertising and promotion

  total $398,265 · program services $375,992 · management and general $22,273

• 13 · Office expenses

  total $25,816,318 · program services $25,360,373 · management and general $455,945

• 14 · Information technology

  total $57,785,045 · program services $56,004,068 · management and general $1,780,977

• 15 · Royalties

  total $693 · program services $693

• 16 · Occupancy

  total $43,034,945 · program services $42,300,608 · management and general $734,337

• 17 · Travel

  total $28,001,703 · program services $26,696,838 · management and general $1,304,865

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $4,056,024 · program services $3,715,943 · management and general $340,081

• 20 · Interest

  total $6,976,997 · program services $6,683,556 · management and general $293,441

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $52,092,499 · program services $50,507,537 · management and general $1,584,962

• 23 · Insurance

  total $2,163,679 · program services $127,579 · management and general $2,036,100

• 24a · Other expenses: Consultant fees

  total $27,923,247 · program services $22,540,466 · management and general $5,382,781

• 24b · Other expenses: Guard service

  total $11,067,694 · program services $10,496,978 · management and general $570,716

• 24c · Other expenses: All other expenses

  total $7,266,234 · program services $8,516,951 · management and general -$1,250,717

• 24d · Other expenses: Purchased labor

  total $3,455,489 · program services $2,938,667 · management and general $516,822

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $83,901,802 · end of year $85,718,243

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $93,148,848 · end of year $114,650,773

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $27,693,925 · end of year $33,022,598

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

  $1,390,372,744

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

  $767,615,557

• 10c · Land, buildings and equipment, net

  beginning of year $613,160,974 · end of year $622,757,187

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $225,181,451 · end of year $409,588,199

• 17 · Accounts payable and accrued expenses

  beginning of year $139,852,876 · end of year $153,137,467

• 23 · Secured mortgages and notes payable

  beginning of year $147,070,686 · end of year $134,903,228

• 25 · Other liabilities

  beginning of year $400,993,203 · end of year $545,363,755

• 27 · Net assets without donor restrictions

  beginning of year $355,170,235 · end of year $432,332,550

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

Four first class travel tickets were purchase during the year in the amount of $7,136. These four tickets were purchased to meet schedule requirements and no other seats were available.Travel is authorized on an exception basis for the spouse of officers at various times during the year to attend corporate events. All spouse travel is included in income.Tax indemnification and gross-up payments are provided to all employees that have relocation expenses to cover the taxable portion of the relocation. Relocation gross-up and relocation expenses are included in income on Schedule J, Part II, column (Biii).

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• The Aerospace Corporation UK Limited

  C CORP · Consultant Services · UK · 100% owned · share of income -$931,739 · share of assets $2,358,733 · controlled entity

  Directly controlled by The Aerospace Corp