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Nonprofiteer
← AEROSPACE CORPORATION

Form 990 for tax year 2022

Filed by AEROSPACE CORPORATION.

Totals

Total revenue
$1,301,016,000
Total expenses
$1,265,778,000
Contributions and grants received
$17,780
Grants paid
$917,303
Program service revenue
$1,297,390,850
Investment income
$1,513,107
Other revenue
$2,094,263
Total assets, end of year
$1,043,087,000
Total liabilities, end of year
$687,916,765
Net assets or fund balances, end of year
$355,170,235
Program services expenses (Part IX)
$1,195,033,364
Management and general expenses
$70,744,636
Fundraising expenses
$0
Program service expenses (Part III)
$1,195,033,364

Program services were 94.4% 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
    $2,069,862
    From this org
    $1,789,274
    From related orgs
    $0
    Other
    $280,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $705,080
    Bonus
    $685,697
    Other
    $398,497
    Deferred
    $274,329
    Nontaxable benefits
    $6,259
    Filer's total
    $2,069,862

  • E M Swallow

    Vice President

    Total calculated
    $1,030,246
    From this org
    $901,689
    From related orgs
    $0
    Other
    $128,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,427
    Bonus
    $176,303
    Other
    $382,959
    Deferred
    $117,361
    Nontaxable benefits
    $11,196
    Filer's total
    $1,030,246

  • W H Goodman

    Vice President

    Total calculated
    $905,365
    From this org
    $883,526
    From related orgs
    $0
    Other
    $21,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $437,743
    Bonus
    $289,937
    Other
    $155,846
    Deferred
    -$3,480
    Nontaxable benefits
    $25,319
    Filer's total
    $905,365

  • J Morin

    Vice President

    Total calculated
    $819,003
    From this org
    $671,416
    From related orgs
    $0
    Other
    $147,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,966
    Bonus
    $155,787
    Other
    $181,663
    Deferred
    $115,763
    Nontaxable benefits
    $31,824
    Filer's total
    $819,003

  • R L Kendall

    Vice President

    Total calculated
    $807,341
    From this org
    $766,456
    From related orgs
    $0
    Other
    $40,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,130
    Bonus
    $131,424
    Other
    $312,902
    Deferred
    $971
    Nontaxable benefits
    $39,914
    Filer's total
    $807,341

  • T Pemberton

    Vice President

    Total calculated
    $773,213
    From this org
    $656,028
    From related orgs
    $0
    Other
    $117,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,158
    Bonus
    $156,705
    Other
    $128,165
    Deferred
    $114,323
    Nontaxable benefits
    $2,862
    Filer's total
    $773,213

  • H R Laychak

    Vice President

    Total calculated
    $652,244
    From this org
    $504,255
    From related orgs
    $0
    Other
    $147,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,935
    Bonus
    $146,187
    Other
    $35,133
    Deferred
    $113,047
    Nontaxable benefits
    $34,942
    Filer's total
    $652,244

  • M Whelan

    Vice President

    Total calculated
    $642,460
    From this org
    $528,531
    From related orgs
    $0
    Other
    $113,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,488
    Bonus
    $149,397
    Other
    $63,646
    Deferred
    $112,105
    Nontaxable benefits
    $1,824
    Filer's total
    $642,460

  • P B CAMERON

    Gen Mgr

    Total calculated
    $605,461
    From this org
    $552,788
    From related orgs
    $0
    Other
    $52,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,091
    Bonus
    $20,800
    Other
    $300,897
    Deferred
    $21,842
    Nontaxable benefits
    $30,831
    Filer's total
    $605,461

  • K D Bell

    Vice President

    Total calculated
    $598,344
    From this org
    $539,675
    From related orgs
    $0
    Other
    $58,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,940
    Bonus
    $157,675
    Other
    $63,060
    Deferred
    $31,722
    Nontaxable benefits
    $26,947
    Filer's total
    $598,344

  • J G Santee

    Vice President

    Total calculated
    $596,193
    From this org
    $483,319
    From related orgs
    $0
    Other
    $112,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,106
    Bonus
    $123,953
    Other
    $13,260
    Deferred
    $112,033
    Nontaxable benefits
    $841
    Filer's total
    $596,193

  • A D FALK

    Prin Dir

    Total calculated
    $556,028
    From this org
    $507,479
    From related orgs
    $0
    Other
    $48,549
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,811
    Bonus
    $6,000
    Other
    $325,668
    Deferred
    $16,455
    Nontaxable benefits
    $32,094
    Filer's total
    $556,028

  • T M Nygren

    Vice President

    Total calculated
    $555,365
    From this org
    $512,610
    From related orgs
    $0
    Other
    $42,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,931
    Bonus
    $146,215
    Other
    $39,464
    Deferred
    $5,311
    Nontaxable benefits
    $37,444
    Filer's total
    $555,365

  • J M Myers

    Vice President

    Total calculated
    $538,018
    From this org
    $425,381
    From related orgs
    $0
    Other
    $112,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,378
    Bonus
    $63,782
    Other
    $40,221
    Deferred
    $79,785
    Nontaxable benefits
    $32,852
    Filer's total
    $538,018

  • J S FUJITA

    Gen Mgr

    Total calculated
    $519,845
    From this org
    $561,001
    From related orgs
    $0
    Other
    -$41,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,733
    Bonus
    $18,082
    Other
    $286,186
    Deferred
    -$81,384
    Nontaxable benefits
    $40,228
    Filer's total
    $519,845

  • T L Choy

    Vice President

    Total calculated
    $516,096
    From this org
    $504,339
    From related orgs
    $0
    Other
    $11,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,258
    Bonus
    $141,929
    Other
    $58,152
    Deferred
    $7,552
    Nontaxable benefits
    $4,205
    Filer's total
    $516,096

  • D Radzanowski

    Vice President

    Total calculated
    $510,000
    From this org
    $510,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $510,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $510,000

  • D Emmons

    Vice President

    Total calculated
    $469,774
    From this org
    $403,022
    From related orgs
    $0
    Other
    $66,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,800
    Bonus
    $59,359
    Other
    $40,863
    Deferred
    $39,997
    Nontaxable benefits
    $26,755
    Filer's total
    $469,774

  • M H CRAIG

    Gen Mgr

    Total calculated
    $425,435
    From this org
    $351,069
    From related orgs
    $0
    Other
    $74,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,812
    Bonus
    $58,547
    Other
    $29,710
    Deferred
    $36,600
    Nontaxable benefits
    $37,766
    Filer's total
    $425,435

  • A LUEJE

    Gen Mgr

    Total calculated
    $417,369
    From this org
    $387,755
    From related orgs
    $0
    Other
    $29,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,991
    Bonus
    $77,124
    Other
    $51,640
    Deferred
    $24,400
    Nontaxable benefits
    $5,214
    Filer's total
    $417,369

  • M R Clinton

    Vice President

    Total calculated
    $374,770
    From this org
    $310,460
    From related orgs
    $0
    Other
    $64,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $80,186
    Bonus
    $126,500
    Other
    $103,774
    Deferred
    $80,186
    Nontaxable benefits
    -$15,876
    Filer's total
    $374,770

  • S K Steele

    Exec Dir

    Total calculated
    $340,688
    From this org
    $304,539
    From related orgs
    $0
    Other
    $36,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,485
    Bonus
    $39,776
    Other
    $35,278
    Deferred
    $6,610
    Nontaxable benefits
    $29,539
    Filer's total
    $340,688

  • DW Miller

    Vice President

    Total calculated
    $329,424
    From this org
    $242,768
    From related orgs
    $0
    Other
    $86,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $15,321
    Bonus
    $201,700
    Other
    $25,747
    Deferred
    $84,924
    Nontaxable benefits
    $1,732
    Filer's total
    $329,424

  • R Boston

    Deputy CFO

    Total calculated
    $304,888
    From this org
    $270,985
    From related orgs
    $0
    Other
    $33,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,512
    Bonus
    $27,300
    Other
    $42,173
    Deferred
    $21,610
    Nontaxable benefits
    $12,293
    Filer's total
    $304,888

  • D A Reynard

    Gen Mgr

    Total calculated
    $286,666
    From this org
    $288,074
    From related orgs
    $0
    Other
    -$1,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,995
    Bonus
    $31,900
    Other
    $4,179
    Deferred
    -$7,757
    Nontaxable benefits
    $6,349
    Filer's total
    $286,666

  • G E McKeown

    Vice President

    Total calculated
    $163,270
    From this org
    $154,429
    From related orgs
    $0
    Other
    $8,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $85,986
    Bonus
    $50,000
    Other
    $18,443
    Deferred
    $8,185
    Nontaxable benefits
    $656
    Filer's total
    $163,270

  • S O'Sullivan

    Trustee

    Total calculated
    $98,000
    From this org
    $98,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • PJ Selva

    Trustee

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

  • C A Blanchard

    Trustee

    Total calculated
    $49,000
    From this org
    $49,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D W Thompson

    Trustee

    Total calculated
    $47,000
    From this org
    $47,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J D Grant

    Trustee

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D L Norquist

    Trustee

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

  • S J Helms

    Trustee

    Total calculated
    $43,500
    From this org
    $43,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D J Newman

    Trustee

    Total calculated
    $43,000
    From this org
    $43,000
    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

  • R A Rothrock

    Trustee

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J F Bridenstine

    Trustee

    Total calculated
    $38,000
    From this org
    $38,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • CD Haney

    Trustee

    Total calculated
    $38,000
    From this org
    $38,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • S Preston

    Trustee

    Total calculated
    $29,500
    From this org
    $29,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • V R Stewart

    Trustee

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • W LaPlante

    Trustee

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • A Amin

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • RG Walden

    Trustee

    Total calculated
    $0
    Hours/week
    0

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.
No first class travel ticket was purchased during the year.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

    $202,500

  • Smithsonian Institution

    $115,000

  • American Institute of Aeronau

    $32,074

  • Armed Forces Communications

    $25,000

  • Constitutional Rights Foundat

    $20,000

  • El Segundo Board of Governors

    $14,338

  • National Defense Industrial

    $12,075

  • American Astronautical Societ

    $8,550

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 -$422,287 · share of assets $1,985,525 · controlled entity

    Directly controlled by The Aerospace Corp

Provenance

Return type
form_990
Tax year
2022
Filed
5 August 2024
IRS schema version
2022v5.0
Source object
202412189349300216

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