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Nonprofiteer
← AEROSPACE CORPORATION

Form 990 for tax year 2024

Filed by AEROSPACE CORPORATION.

Totals

Total revenue
$1,623,067,000
Total expenses
$1,557,900,000
Contributions and grants received
$23,582
Grants paid
$843,958
Program service revenue
$1,618,209,899
Investment income
$2,308,041
Other revenue
$2,525,478
Total assets, end of year
$1,333,956,000
Total liabilities, end of year
$804,531,332
Net assets or fund balances, end of year
$529,424,668
Program services expenses (Part IX)
$1,482,302,204
Management and general expenses
$75,597,796
Fundraising expenses
$0
Program service expenses (Part III)
$1,482,302,204

Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • S J Isakowitz

    President & CEO

    Total calculated
    $2,257,756
    From this org
    $1,918,234
    From related orgs
    $0
    Other
    $339,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $810,101
    Bonus
    $780,335
    Other
    $327,798
    Deferred
    $323,866
    Nontaxable benefits
    $15,656
    Filer's total
    $2,257,756

  • R L Kendall

    Vice President

    Total calculated
    $1,027,411
    From this org
    $602,349
    From related orgs
    $0
    Other
    $425,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,768
    Bonus
    $132,671
    Other
    $126,910
    Deferred
    $367,308
    Nontaxable benefits
    $57,754
    Filer's total
    $1,027,411

  • J Morin

    Vice President

    Total calculated
    $972,473
    From this org
    $803,217
    From related orgs
    $0
    Other
    $169,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,432
    Bonus
    $149,028
    Other
    $282,757
    Deferred
    $133,645
    Nontaxable benefits
    $35,611
    Filer's total
    $972,473

  • T Pemberton

    Vice President

    Total calculated
    $968,800
    From this org
    $835,121
    From related orgs
    $0
    Other
    $133,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $454,452
    Bonus
    $172,328
    Other
    $208,341
    Deferred
    $125,344
    Nontaxable benefits
    $8,335
    Filer's total
    $968,800

  • T M Nygren

    Vice President

    Total calculated
    $941,504
    From this org
    $534,456
    From related orgs
    $0
    Other
    $407,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,617
    Bonus
    $145,049
    Other
    $31,790
    Deferred
    $356,677
    Nontaxable benefits
    $50,371
    Filer's total
    $941,504

  • E M Swallow

    Vice President

    Total calculated
    $940,431
    From this org
    $772,763
    From related orgs
    $0
    Other
    $167,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $414,679
    Bonus
    $213,510
    Other
    $144,574
    Deferred
    $153,364
    Nontaxable benefits
    $14,304
    Filer's total
    $940,431

  • K D Bell

    Vice President

    Total calculated
    $928,542
    From this org
    $589,779
    From related orgs
    $0
    Other
    $338,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,480
    Bonus
    $159,150
    Other
    $30,149
    Deferred
    $309,458
    Nontaxable benefits
    $29,305
    Filer's total
    $928,542

  • J M Myers

    Vice President

    Total calculated
    $867,235
    From this org
    $699,225
    From related orgs
    $0
    Other
    $168,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,954
    Bonus
    $161,642
    Other
    $166,629
    Deferred
    $119,240
    Nontaxable benefits
    $48,770
    Filer's total
    $867,235

  • T L Choy

    Vice President

    Total calculated
    $830,761
    From this org
    $478,000
    From related orgs
    $0
    Other
    $352,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,732
    Bonus
    $106,700
    Other
    $97,568
    Deferred
    $345,593
    Nontaxable benefits
    $7,168
    Filer's total
    $830,761

  • H R Laychak

    Vice President

    Total calculated
    $779,859
    From this org
    $594,110
    From related orgs
    $0
    Other
    $185,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,902
    Bonus
    $212,018
    Other
    $31,190
    Deferred
    $136,351
    Nontaxable benefits
    $49,398
    Filer's total
    $779,859

  • D Emmons

    Vice President

    Total calculated
    $770,816
    From this org
    $607,523
    From related orgs
    $0
    Other
    $163,293
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,169
    Bonus
    $139,384
    Other
    $135,970
    Deferred
    $122,213
    Nontaxable benefits
    $41,080
    Filer's total
    $770,816

  • W H Goodman

    Vice President

    Total calculated
    $737,867
    From this org
    $445,510
    From related orgs
    $0
    Other
    $292,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,566
    Bonus
    $261,342
    Other
    $82,602
    Deferred
    $266,149
    Nontaxable benefits
    $26,208
    Filer's total
    $737,867

  • J L EMDEE

    Gen Mgr

    Total calculated
    $727,237
    From this org
    $396,548
    From related orgs
    $0
    Other
    $330,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,546
    Bonus
    $58,314
    Other
    $31,688
    Deferred
    $299,600
    Nontaxable benefits
    $31,089
    Filer's total
    $727,237

  • G E McKeown

    Vice President

    Total calculated
    $723,486
    From this org
    $572,759
    From related orgs
    $0
    Other
    $150,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,883
    Bonus
    $147,116
    Other
    $43,760
    Deferred
    $128,161
    Nontaxable benefits
    $22,566
    Filer's total
    $723,486

  • C T LINDSAY

    Gen Mgr

    Total calculated
    $707,729
    From this org
    $386,875
    From related orgs
    $0
    Other
    $320,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,388
    Bonus
    $64,213
    Other
    $31,274
    Deferred
    $239,815
    Nontaxable benefits
    $81,039
    Filer's total
    $707,729

  • M Whelan

    Vice President

    Total calculated
    $702,069
    From this org
    $559,353
    From related orgs
    $0
    Other
    $142,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $368,549
    Bonus
    $158,324
    Other
    $32,480
    Deferred
    $131,327
    Nontaxable benefits
    $11,389
    Filer's total
    $702,069

  • A B DAWDY

    Gen Mgr

    Total calculated
    $635,718
    From this org
    $376,883
    From related orgs
    $0
    Other
    $258,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,115
    Bonus
    $53,494
    Other
    $31,274
    Deferred
    $226,844
    Nontaxable benefits
    $31,991
    Filer's total
    $635,718

  • J S FUJITA

    Gen Mgr

    Total calculated
    $615,059
    From this org
    $297,907
    From related orgs
    $0
    Other
    $317,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,063
    Bonus
    not reported
    Other
    $49,844
    Deferred
    $270,778
    Nontaxable benefits
    $46,374
    Filer's total
    $615,059

  • J G Santee

    Vice President

    Total calculated
    $595,228
    From this org
    $467,575
    From related orgs
    $0
    Other
    $127,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,298
    Bonus
    $134,042
    Other
    $3,235
    Deferred
    $126,955
    Nontaxable benefits
    $698
    Filer's total
    $595,228

  • S M LEONTIS

    Gen Mgr

    Total calculated
    $525,633
    From this org
    $330,937
    From related orgs
    $0
    Other
    $194,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,743
    Bonus
    $39,500
    Other
    $79,694
    Deferred
    $124,806
    Nontaxable benefits
    $69,890
    Filer's total
    $525,633

  • K Keating

    Vice President

    Total calculated
    $457,189
    From this org
    $418,441
    From related orgs
    $0
    Other
    $38,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,621
    Bonus
    $30,000
    Other
    $42,820
    Deferred
    $35,130
    Nontaxable benefits
    $3,618
    Filer's total
    $457,189

  • L Schmidt

    Vice President

    Total calculated
    $452,760
    From this org
    $403,202
    From related orgs
    $0
    Other
    $49,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,653
    Bonus
    $50,759
    Other
    $31,790
    Deferred
    $29,235
    Nontaxable benefits
    $20,323
    Filer's total
    $452,760

  • S K Steele

    Exec Dir

    Total calculated
    $435,108
    From this org
    $333,535
    From related orgs
    $0
    Other
    $101,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,880
    Bonus
    $47,897
    Other
    $27,758
    Deferred
    $77,857
    Nontaxable benefits
    $23,716
    Filer's total
    $435,108

  • R Boston

    Deputy CFO

    Total calculated
    $384,200
    From this org
    $335,612
    From related orgs
    $0
    Other
    $48,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,650
    Bonus
    $47,800
    Other
    $23,162
    Deferred
    $34,183
    Nontaxable benefits
    $14,405
    Filer's total
    $384,200

  • D A Reynard

    Gen Mgr

    Total calculated
    $356,499
    From this org
    $304,697
    From related orgs
    $0
    Other
    $51,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,223
    Bonus
    $34,700
    Other
    $774
    Deferred
    $45,047
    Nontaxable benefits
    $6,755
    Filer's total
    $356,499

  • J W Ford

    Prin Dir

    Total calculated
    $343,137
    From this org
    $238,212
    From related orgs
    $0
    Other
    $104,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,485
    Bonus
    $12,600
    Other
    $31,127
    Deferred
    $73,072
    Nontaxable benefits
    $31,853
    Filer's total
    $343,137

  • H Mitchell

    Former Vice President

    Total calculated
    $112,257
    From this org
    $93,019
    From related orgs
    $0
    Other
    $19,238
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $35,456
    Bonus
    not reported
    Other
    $57,563
    Deferred
    $19,238
    Nontaxable benefits
    not reported
    Filer's total
    $112,257

  • PJ Selva

    Trustee

    Total calculated
    $101,000
    From this org
    $101,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • T Hollis

    Vice President

    Total calculated
    $92,523
    From this org
    $81,329
    From related orgs
    $0
    Other
    $11,194
    Hours/week
    40

  • D W Thompson

    Trustee

    Total calculated
    $68,000
    From this org
    $68,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • L D James

    Trustee

    Total calculated
    $53,580
    From this org
    $53,580
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J D Grant

    Trustee

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D L Norquist

    Trustee

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • R A Rothrock

    Trustee

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • S J Helms

    Trustee

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D J Newman

    Trustee

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • CD Haney

    Trustee

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • S Preston

    Trustee

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • B Amin

    Trustee

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D E Hastings

    Trustee

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • P J Zarodkiewicz

    Trustee

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • RG Walden

    Trustee

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J F Bridenstine

    Trustee

    Total calculated
    $30,750
    From this org
    $30,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D D Thompson

    Trustee

    Total calculated
    $30,750
    From this org
    $30,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • F Calvelli

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • W B Hurd

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • W A LaPlante

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • L R Urrutia-Varhall

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • S A Shinn

    Vice President

    Total calculated
    $0
    Hours/week
    40

  • K Naeher

    Vice President

    Total calculated
    $0
    Hours/week
    40

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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: Relevant information in regards to selections on 1a.
Two first class travel tickets were purchased during the year in the amount of $7,963. These two 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).

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

  • The National GEM Consortium

    $232,500

  • American Institute of Aeronau

    $31,380

  • AMIE Inc

    $25,000

  • Penn State University

    $20,000

  • WashingtonExec

    $18,049

  • American Astronautical Societ

    $17,572

  • National Defense Industrial

    $16,757

  • Women in Aerospace

    $6,500

  • Space Workforce for Tomorrow

    $0

    Support the Nation's Space Missions

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • controlled entity

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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 -$430,846 · share of assets $2,303,020 · controlled entity

    Directly controlled by The Aerospace Corp

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.2
Source object
202632189349300933

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