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Nonprofiteer
← UND AEROSPACE FOUNDATION

Form 990 for tax year 2023

Filed by UND AEROSPACE FOUNDATION.

Totals

Total revenue
$37,291,388
Total expenses
$25,607,905
Contributions and grants received
$8,125,616
Grants paid
$318,206
Program service revenue
$26,635,721
Investment income
$1,215,309
Other revenue
$1,314,742
Total assets, end of year
$109,612,902
Total liabilities, end of year
$15,129,692
Net assets or fund balances, end of year
$94,483,210
Program services expenses (Part IX)
$23,121,270
Management and general expenses
$2,393,121
Fundraising expenses
$93,514
Program service expenses (Part III)
$23,121,270

Program services were 90.3% 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

    $8,125,616

  • 1g · Noncash contributions included above

    $248,850

  • 2a · Program service revenue: Flight Training Centers

    total $16,119,337 · related or exempt $16,117,580 · unrelated business $1,757

  • 2b · Program service revenue: Aircraft & Simulator Rental

    total $10,173,639 · related or exempt $8,993,642 · unrelated business $1,179,997

  • 2c · Program service revenue: Other Programs

    total $342,745 · related or exempt $136,121 · unrelated business $206,624

  • 3 · Investment income

    total $1,215,309 · unrelated business $21,621 · excluded $1,193,688

  • 6a · Gross rents

    personal property $1,034,111

  • 6b · Less rental expenses

    personal property $77,268

  • 6c · Rental income or loss

    personal property $956,843

  • 6d · Net rental income or loss

    total $956,843 · unrelated business $205,533 · excluded $751,310

  • 10a · Gross sales of inventory

    $306,864

  • 10b · Cost of goods sold

    $194,275

  • 10c · Net income from sales of inventory

    total $112,589 · related or exempt $112,589

  • 11a · Other revenue: Software/Website & Video Dev

    total $245,310 · unrelated business $245,310

  • 11e · Other revenue, total

    $245,310

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,488 · program services $101,488

  • 2 · Grants to domestic individuals

    total $216,718 · program services $216,718

  • 5 · Compensation of officers, directors and key employees

    total $811,498 · management and general $811,498

  • 7 · Other salaries and wages

    total $5,180,394 · program services $4,909,214 · management and general $271,180

  • 8 · Pension plan contributions

    total $281,370 · program services $264,064 · management and general $17,306

  • 9 · Other employee benefits

    total $891,968 · program services $861,711 · management and general $30,257

  • 10 · Payroll taxes

    total $398,130 · program services $348,448 · management and general $49,682

  • 11b · Fees: legal

    total $28,163 · program services $28,163

  • 11c · Fees: accounting

    total $46,259 · management and general $46,259

  • 11g · Fees: other

    total $2,518,883 · program services $2,505,892 · management and general $12,869 · fundraising $122

  • 12 · Advertising and promotion

    total $119,541 · program services $119,541

  • 13 · Office expenses

    total $230,244 · program services $194,260 · management and general $35,984

  • 16 · Occupancy

    total $475,738 · program services $450,752 · management and general $24,986

  • 17 · Travel

    total $255,694 · program services $91,816 · management and general $77,532 · fundraising $86,346

  • 19 · Conferences, conventions and meetings

    total $113,607 · program services $52,654 · management and general $56,353 · fundraising $4,600

  • 20 · Interest

    total $261,310 · program services $212,656 · management and general $48,654

  • 22 · Depreciation, depletion and amortization

    total $4,467,441 · program services $3,723,558 · management and general $743,883

  • 23 · Insurance

    total $177,142 · program services $80,350 · management and general $96,792

  • 24a · Other expenses: Tax on Unrelated Busine

    total $61,600 · management and general $61,600

  • 24b · Other expenses: Aircraft Expense

    total $6,883,864 · program services $6,883,864

  • 24c · Other expenses: Student Housing/Food

    total $899,283 · program services $899,283

  • 24d · Other expenses: Tuition and Fees

    total $592,825 · program services $592,825

  • 24e · All other expenses

    total $594,745 · program services $584,013 · management and general $8,286 · fundraising $2,446

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,503,551 · end of year $37,059,796

  • 3 · Pledges and grants receivable

    beginning of year $710,000 · end of year $568,000

  • 4 · Accounts receivable

    beginning of year $2,963,536 · end of year $1,367,437

  • 8 · Inventories for sale or use

    beginning of year $937,711 · end of year $925,548

  • 9 · Prepaid expenses and deferred charges

    beginning of year $394,576 · end of year $449,017

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

    $100,255,290

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

    $33,274,291

  • 10c · Land, buildings and equipment, net

    beginning of year $66,354,627 · end of year $66,980,999

  • 12 · Investments: other securities

    beginning of year $242,000 · end of year $424,991

  • 15 · Other assets

    beginning of year $1,125,900 · end of year $1,837,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,540,435 · end of year $1,320,197

  • 18 · Grants payable

    beginning of year $911,400 · end of year $792,960

  • 19 · Deferred revenue

    beginning of year $2,286,972 · end of year $5,117,018

  • 23 · Secured mortgages and notes payable

    beginning of year $5,709,320 · end of year $5,264,429

  • 25 · Other liabilities

    beginning of year $2,962,426 · end of year $2,635,088

  • 27 · Net assets without donor restrictions

    beginning of year $82,535,642 · end of year $86,737,471

  • 28 · Net assets with donor restrictions

    beginning of year $285,706 · end of year $7,745,739

Mission and programs · 2023

Mission

To support the functions of, and to assist in carrying out the purposes of, the John D. Odegard School of Aerospace Sciences of the University of North Dakota.

Activities or mission (Part I)

Education in the field of aerospace.

  • The UND Aerospace Foundation (The Foundation) is a North Dakota nonprofit organization organized to encourage and develop the University of North Dakota's (UND) John D. Odegard School of Aerospace Sciences. The Foundation's principal activities consist of developing and conducting training programs, research and development, and consulting services related to the aerospace industry. The Foundation's principal activities are located in Grand Forks, ND, with additional flight training center located in Mesa, AZ. Aviation training - classroom, flight training, and support services delivered to pilot students at Grand Forks campus, with 13,150 flight training hours during the year.

    Expenses $7,130,665 · Grants $318,206 · Revenue $8,017,380

  • Flight training center - flight training delivered to student pilots outside of the Grand Forks campus, primarily students enrolled in community college programs. Location is Mesa, Arizona and with 49,960 flight hours during the year.

    Expenses $13,694,129 · Revenue $15,461,331

  • Aircraft and simulator rental - rental receipts for aircraft and simulators for use at Grand Forks campus for flight training, primarily for use with the undergraduate students enrolled at the University of North Dakota. Assets include aircraft and simulators.

    Expenses $3,600 · Revenue $42,000

  • Other programs include FAA testing center, software development, and aerospace merchandise sales.

    Expenses $2,292,876 · Revenue $1,839,221

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Pineo

    Chief Executive Officer

    Total calculated
    $426,984
    From this org
    $359,268
    From related orgs
    $0
    Other
    $67,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,268
    Bonus
    $42,000
    Other
    $0
    Deferred
    $41,564
    Nontaxable benefits
    $26,991
    Filer's total
    $427,823

  • Dana Sande

    Vice President of Business

    Total calculated
    $327,667
    From this org
    $269,944
    From related orgs
    $0
    Other
    $57,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,944
    Bonus
    $30,000
    Other
    $0
    Deferred
    $31,570
    Nontaxable benefits
    $26,946
    Filer's total
    $328,460

  • Robert Kraus

    President

    Total calculated
    $330,627
    From this org
    $0
    From related orgs
    $275,334
    Other
    $55,293
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,006 related
    Bonus
    $0
    Other
    $0 + $328 related
    Deferred
    $0 + $34,628 related
    Nontaxable benefits
    $0 + $21,460 related
    Filer's total
    $0 + $331,422 related

  • Cara Miller

    Chief Financial Officer

    Total calculated
    $261,633
    From this org
    $210,809
    From related orgs
    $0
    Other
    $50,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,809
    Bonus
    $18,000
    Other
    $0
    Deferred
    $25,368
    Nontaxable benefits
    $26,222
    Filer's total
    $262,399

  • Rex GinderAssociated

    Director of Phoenix Flight Operations

    Total calculated
    $171,364
    From this org
    $128,323
    From related orgs
    $0
    Other
    $43,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,323
    Bonus
    $0
    Other
    $0
    Deferred
    $17,047
    Nontaxable benefits
    $26,652
    Filer's total
    $172,022

  • Chad Martin

    Aircraft Sales & Project Manager

    Total calculated
    $164,831
    From this org
    $126,176
    From related orgs
    $0
    Other
    $38,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,176
    Bonus
    $0
    Other
    $0
    Deferred
    $15,799
    Nontaxable benefits
    $23,498
    Filer's total
    $165,473

  • Larry Martin

    Chair

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Williamson

    Director

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Bunke

    Director

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Karen Nyberg

    Director

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Odegard

    Director

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dick McConn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Kluenker

    Director

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Clay Lacy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Ahearn

    Director

    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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
Charles Pineo, Dana Sande, and Cara Miller received bonuses that are considered to be non-fixed payments. The bonus amounts are determined by the Board. The amounts are discretionary and are based upon review of their performance and other applicable factors.

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

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.

  • University of North Dakota

    University level education. · ND

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Sunray Property Holdings LLC

    To own and operate real estate property located in AZ. · AZ · income $348,671 · assets $4,902,256

    Directly controlled by UND Aerospace Foundation

  • Blue Sky Property LLC

    To own and operate real estate property located in AZ. · AZ · income $843,357 · assets $13,014,678

    Directly controlled by UND Aerospace Foundation

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202530929349301568

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