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Nonprofiteer
← AIAA FOUNDATION INC

Form 990 for tax year 2024

Filed by AIAA FOUNDATION INC.

Totals

Total revenue
$1,479,316
Total expenses
$1,090,021
Contributions and grants received
$329,096
Grants paid
$313,099
Program service revenue
$0
Investment income
$1,150,220
Other revenue
$0
Total assets, end of year
$23,017,664
Total liabilities, end of year
$316,533
Net assets or fund balances, end of year
$22,701,131
Program services expenses (Part IX)
$809,243
Management and general expenses
$252,500
Fundraising expenses
$28,278
Program service expenses (Part III)
$809,243

Program services were 74.2% 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

    $329,096

  • 3 · Investment income

    total $854,081 · excluded $854,081

  • 7a · Gross sales of assets other than inventory

    securities $900,000

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

    securities $603,861

  • 7c · Gain or loss

    securities $296,139

  • 7d · Net gain or loss

    total $296,139 · excluded $296,139

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $184,225 · program services $184,225

  • 2 · Grants to domestic individuals

    total $106,999 · program services $106,999

  • 3 · Grants to foreign organizations and individuals

    total $21,875 · program services $21,875

  • 11b · Fees: legal

    total $10,440 · fundraising $10,440

  • 11f · Fees: investment management

    total $33,941 · program services $29,720 · management and general $4,212 · fundraising $9

  • 11g · Fees: other

    total $1,397 · program services $684 · management and general $33 · fundraising $680

  • 12 · Advertising and promotion

    total $18,897 · program services $16,206 · management and general $2,842 · fundraising -$151

  • 13 · Office expenses

    total $42,696 · program services $26,098 · management and general $9,427 · fundraising $7,171

  • 17 · Travel

    total $146,392 · program services $141,708 · management and general $4,684

  • 19 · Conferences, conventions and meetings

    total $124,282 · program services $123,479 · management and general $802 · fundraising $1

  • 24a · Other expenses: ALLOCATIONS

    total $395,755 · program services $155,515 · management and general $230,113 · fundraising $10,127

  • 24b · Other expenses: TAXES & LICENSES

    total $3,122 · program services $2,734 · management and general $387 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,705 · end of year $131,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,920

  • 11 · Investments: publicly traded securities

    beginning of year $21,146,144 · end of year $22,885,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,625 · end of year $15,496

  • 25 · Other liabilities

    beginning of year $305,995 · end of year $301,037

  • 27 · Net assets without donor restrictions

    beginning of year $15,637,149 · end of year $16,992,131

  • 28 · Net assets with donor restrictions

    beginning of year $5,250,000 · end of year $5,709,000

Mission and programs · 2024

Mission

THE PURPOSE OF THE AIAA FOUNDATION, IN CONJUNCTION WITH AIAA, IS TO PROMOTE EDUCATION AND RECOGNIZE EXCELLENCE WITHIN THE AEROSPACE COMMUNITY BY INSPIRING AND SUPPORTING THE NEXT GENERATION OF AEROSPACE PROFESSIONALS, PRACTICING AEROSPACE PROFESSIONALS, AND THE INSTITUTIONS ENGAGED IN AEROSPACE EDUCATION AND PRACTICE.

Activities or mission (Part I)

TO PROMOTE EDUCATION AND RECOGNIZE EXCELLENCE IN THE AEROSPACE COMMUNITY.

  • EDUCATION - THE AIAA FOUNDATION PROMOTES EDUCATIONAL ADVANCEMENT AND TECHNICAL EXCELLENCE IN THE AEROSPACE COMMUNITY BY PROVIDING FINANCIAL SUPPORT FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS, STUDENT TECHNICAL PAPER CONFERENCES, AEROSPACE DESIGN COMPETITIONS, AND AWARDS RECOGNIZING OUTSTANDING ACHIEVEMENT IN VARIOUS AEROSPACE FIELDS. THE FOUNDATION ALSO PROMOTES STEM ACTIVITY AT THE K12 AND COLLEGIATE LEVELS, PROVIDES GRANTS AND ACHIEVEMENT AWARDS TO STEM EDUCATORS, AND PROVIDES RECOGNITION PLATFORMS FOR SIGNIFICANT AEROSPACE TECHNICAL AND COMMUNITY CONTRIBUTIONS.ALL SCHOLARSHIPS, AWARDS, AND DESIGN COMPETITION RECIPIENTS ARE SELECTED BY INDEPENDENT PANELS OF SUBJECT MATTER EXPERTS. DURING FY25, THE FOUNDATION AWARDED 30 SCHOLARSHIPS AND GRADUATE AWARDS, PRESENTED 16 PROFESSIONAL AWARDS, SUPPORTED 7 STUDENT CONFERENCES, SUPPORTED 17 DESIGN COMPETITIONS, RECOGNIZED 31 RISING STARS IN AEROSPACE, AND ISSUED 89 EDUCATOR GRANTS AND AWARDS.

    Expenses $809,243 · Grants $313,099

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel L Dumbacher

    EXECUTIVE DIRECTOR/SECRETARY (OUTGOING FY25)

    Total calculated
    $502,731
    From this org
    $487,884
    From related orgs
    $0
    Other
    $14,847
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $371,639
    Bonus
    $110,970
    Other
    $5,275
    Deferred
    $13,800
    Nontaxable benefits
    $1,047
    Filer's total
    $502,731

  • Karen Rosenblum

    SVP, FINANCE, ADMIN & CFO (OUTGOING FY25)

    Total calculated
    $382,994
    From this org
    $340,364
    From related orgs
    $0
    Other
    $42,630
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $259,850
    Bonus
    $76,950
    Other
    $3,564
    Deferred
    $13,800
    Nontaxable benefits
    $28,830
    Filer's total
    $382,994

  • Merrie Scott

    SVP, MEMBERSHIP ENGAGEMENT

    Total calculated
    $248,709
    From this org
    $223,688
    From related orgs
    $0
    Other
    $25,021
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $185,381
    Bonus
    $36,620
    Other
    $1,687
    Deferred
    $9,118
    Nontaxable benefits
    $15,903
    Filer's total
    $248,709

  • Eugene Mowry

    CEO/SECRETARY (INCOMING FY25)

    Total calculated
    $107,251
    From this org
    $107,142
    From related orgs
    $0
    Other
    $109
    Hours/week
    1 + 37.5 related

  • Linda Montgomery

    CHIEF FINANCIAL OFFICER (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    1 + 37.5 related

  • Daniel Hastings

    AIAA PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Laura McGill

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • R Steven Justice

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dana Keoki Jackson

    AIAA PRESIDENT-ELECT (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carissa Christensen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Desimone

    TRUSTEE (INCOMING FY25)

    Total calculated
    $0
    Hours/week
    1

  • Howard McKenzie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristi Morgansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Snitch

    TRUSTEE (OUTGOING FY25)

    Total calculated
    $0
    Hours/week
    1

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

None.

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

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 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 June 2026
IRS schema version
2024v5.5
Source object
202631619349300208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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