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Nonprofiteer
← OHIO AEROSPACE INSTITUTE

Form 990 for tax year 2024

Filed by OHIO AEROSPACE INSTITUTE.

Totals

Total revenue
$24,213,958
Total expenses
$23,209,860
Contributions and grants received
$150,625
Grants paid
$1,945,945
Program service revenue
$23,633,970
Investment income
$87,106
Other revenue
$342,257
Total assets, end of year
$12,843,690
Total liabilities, end of year
$5,602,072
Net assets or fund balances, end of year
$7,241,618
Program services expenses (Part IX)
$21,666,198
Management and general expenses
$1,543,662
Fundraising expenses
$0
Program service expenses (Part III)
$21,666,198

Program services were 93.3% 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.

  • 1b · Membership dues

    $150,625

  • 2a · Program service revenue: PROGRAM SERVICES

    total $23,633,970 · related or exempt $23,633,970

  • 3 · Investment income

    total $87,106 · excluded $87,106

  • 6a · Gross rents

    real property $342,257

  • 6c · Rental income or loss

    real property $342,257

  • 6d · Net rental income or loss

    total $342,257 · excluded $342,257

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $506,650 · program services $506,650

  • 2 · Grants to domestic individuals

    total $1,439,295 · program services $1,439,295

  • 7 · Other salaries and wages

    total $5,067,702 · program services $4,715,497 · management and general $352,205

  • 8 · Pension plan contributions

    total $463,873 · program services $431,634 · management and general $32,239

  • 9 · Other employee benefits

    total $417,598 · program services $388,575 · management and general $29,023

  • 10 · Payroll taxes

    total $351,388 · program services $326,967 · management and general $24,421

  • 11b · Fees: legal

    total $1,105 · management and general $1,105

  • 11c · Fees: accounting

    total $35,859 · program services $1,850 · management and general $34,009

  • 11d · Fees: lobbying

    total $90,041 · management and general $90,041

  • 13 · Office expenses

    total $169,525 · program services $82,016 · management and general $87,509

  • 16 · Occupancy

    total $394,478 · program services $156,450 · management and general $238,028

  • 17 · Travel

    total $114,634 · program services $97,072 · management and general $17,562

  • 19 · Conferences, conventions and meetings

    total $152,232 · program services $148,015 · management and general $4,217

  • 22 · Depreciation, depletion and amortization

    total $278,462 · management and general $278,462

  • 23 · Insurance

    total $65,027 · program services $15,392 · management and general $49,635

  • 24a · Other expenses: CONSULTANTS

    total $13,459,883 · program services $13,281,232 · management and general $178,651

  • 24b · Other expenses: SOFTWARE SUBSCRIPTIONS

    total $125,922 · program services $75,553 · management and general $50,369

  • 24c · Other expenses: OTHER EXPENSE

    total $59,949 · management and general $59,949

  • 24d · Other expenses: BANK FEES

    total $16,237 · management and general $16,237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,036,520 · end of year $2,006,181

  • 2 · Savings and temporary cash investments

    beginning of year $298,811 · end of year $48,151

  • 4 · Accounts receivable

    beginning of year $5,408,975 · end of year $4,376,054

  • 9 · Prepaid expenses and deferred charges

    beginning of year $219,193 · end of year $39,708

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

    $7,001,237

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

    $627,692

  • 10c · Land, buildings and equipment, net

    beginning of year $6,091,212 · end of year $6,373,545

  • 15 · Other assets

    beginning of year $101,825 · end of year $51

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,167,259 · end of year $2,378,145

  • 19 · Deferred revenue

    beginning of year $3,527,538 · end of year $3,219,582

  • 21 · Escrow or custodial account liability

    beginning of year $101,825 · end of year $51

  • 24 · Unsecured notes and loans payable

    beginning of year $122,394

  • 25 · Other liabilities

    end of year $4,294

  • 27 · Net assets without donor restrictions

    beginning of year $2,640,896 · end of year $3,903,434

  • 28 · Net assets with donor restrictions

    beginning of year $3,596,624 · end of year $3,338,184

Mission and programs · 2024

Mission

THE PRIMARY TAX-EXEMPT PURPOSE IS TO FURTHER HUMAN SCIENTIFIC AND ENGINEERING KNOWLEDGE IN A BROAD ARRAY OF AEROSPACE RELATED DISCIPLINES THROUGH INVESTIGATIONAL AND DEVELOPMENTAL RESEARCH; TO BUILD OHIO'S AEROSPACE ECONOMY THROUGH RESEARCH AND TECHNOLOGY, EDUCATION AND TRAINING, AND COLLABORATION AND INFORMATION EXCHANGE. TO FURTHER THE SCIENTIFIC AND ENGINEERING EDUCATION OF DOCTORAL LEVEL GRADUATE AND CONTINUING EDUCATION STUDENTS THROUGH AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO, AND TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH EDUCATION. TO SPONSOR, PROMOTE AND DISSEMINATE AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO; TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH RESEARCH; AND TO DEVELOP AEROSPACE RESEARCH AND GRADUATE EDUCATION RESOURCES IN OHIO.

  • AEROSPACE RESEARCH WITH SPECIALIZED RESEARCH TEAMS IN THE AREAS OF COMPUTATIONAL MODELING, MATERIALS, STRUCTURES, VEHICLE HEALTH MONITORING AND SAFETY AND SPACE SCIENCE AND EXPLORATION TECHNOLOGIES. BUILDING AND MANAGING COLLABORATION, CONSORTIA AND PUBLICPRIVATE PARTNERSHIP NEUTRAL. UNBIASED MANAGEMENT. WORKFORCE DEVELOPMENT: INTERNSHIPS, SCHOLARSHIP, VISITING FACULTY, SHORT COURSES, EDUCATION OUTREACH, STUDENT AND FACULTY ENGAGEMENT WITH INDUSTRY AND FEDERAL LABS. ECONOMIC BASED TECHNOLOGY DEVELOPMENT, TRANSFER ANO COMMERCIALIZATION AND LEVERAGING AEROSPACE NETWORK (OHIO AEROSPACE INDUSTRY ASOCIATI0N AND MAKING CONNECTIONS BETWEEN GOVERNMENT, INDUSTRY AND ACADEMIA.

    Expenses $21,666,198 · Grants $1,945,945 · Revenue $23,633,970

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

Listed in Part VII

  • Dennis Andersh

    CEO & PRESID

    Total calculated
    $0
    Hours/week
    40

  • Dr Christina Bloebaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Gail Doman-Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lloyd Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dr Carlos Grodsinsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Wayne Denny Jr

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Lt Gen Ret Cd Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Chris Hocevar

    CFO & TREASU

    Total calculated
    $0
    Hours/week
    40

  • Leigh Oldham

    VP OF HR & S

    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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.0
Source object
202611349349308876

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

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