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← AERIUM A NONPROFIT CORPORATION

Form 990 for tax year 2024

Filed by AERIUM A NONPROFIT CORPORATION.

Totals

Total revenue
$994,408
Total expenses
$995,033
Contributions and grants received
$956,388
Grants paid
$500,000
Program service revenue
$37,991
Investment income
$29
Other revenue
$0
Total assets, end of year
$392,503
Total liabilities, end of year
$391,181
Net assets or fund balances, end of year
$1,322
Program services expenses (Part IX)
$776,669
Management and general expenses
$181,871
Fundraising expenses
$36,493
Program service expenses (Part III)
$776,669

Program services were 78.1% 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.

  • 1d · Related organizations

    $69,587

  • 1f · All other contributions, gifts and grants

    $886,801

  • 2a · Program service revenue: 3- DAY SUMMIT

    total $37,991 · related or exempt $37,991

  • 3 · Investment income

    total $29 · related or exempt $29

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 11a · Fees: management

    total $244,877 · program services $92,809 · management and general $152,068

  • 11c · Fees: accounting

    total $9,415 · management and general $9,415

  • 12 · Advertising and promotion

    total $41,937 · program services $40,572 · management and general $1,365

  • 13 · Office expenses

    total $1,162 · management and general $1,162

  • 14 · Information technology

    total $4,388 · program services $353 · management and general $4,035

  • 17 · Travel

    total $6,853 · program services $2,860 · management and general $3,993

  • 22 · Depreciation, depletion and amortization

    total $11,156 · program services $11,156

  • 23 · Insurance

    total $6,424 · management and general $6,424

  • 24a · Other expenses: SCHOLARSHIPS & EDU

    total $128,919 · program services $128,919

  • 24b · Other expenses: EVENT EXPENSES

    total $36,261 · fundraising $36,261

  • 24c · Other expenses: DUES & SUBS

    total $1,825 · management and general $1,825

  • 24d · Other expenses: TAXES & LICENSES

    total $1,025 · management and general $1,025

  • 24e · All other expenses

    total $791 · management and general $559 · fundraising $232

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123 · end of year $358,649

  • 4 · Accounts receivable

    beginning of year $23,500 · end of year $17,120

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

    $34,862

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

    $18,128

  • 10c · Land, buildings and equipment, net

    beginning of year $27,890 · end of year $16,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,566 · end of year $57,934

  • 18 · Grants payable

    end of year $330,319

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,928

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,947 · end of year $1,322

Mission and programs · 2024

Mission

ADDRESSING THE AVIATION AND AEROSPACE INDUSTRY NEEDS FOR THE NEXT GENERATION TO LEARN, GROW, AND FLY.

  • AERIUM SUMMIT - 3 DAY EVENT BRINGING TOGETHER AVIATION PROFESSIONALS AND COLLEGE/HIGH SCHOOL STUDENTS. EDUCATION BASED EVENT.

    Expenses $776,669 · Grants $500,000 · Revenue $37,991

As filed on the 2024 return.

Listed in Part VII

  • Larry Nulton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349316491

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