Form 990 for tax year 2023

Totals

Total revenue

$1,241,653

Total expenses

$1,166,280

Contributions and grants received

$559,429

Grants paid

$298,174

Program service revenue

$0

Investment income

$682,224

Other revenue

$0

Total assets, end of year

$21,207,769

Total liabilities, end of year

$320,620

Net assets or fund balances, end of year

$20,887,149

Program services expenses (Part IX)

$874,543

Management and general expenses

$248,445

Fundraising expenses

$43,292

Program service expenses (Part III)

$874,543

Program services were 75.0% 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.

Mission and programs · 2023

• EDUCATION-THE AIAA FOUNDATION PROVIDES FINANCIAL SUPPORT FOR UNDERGRADUATE AND GRADUATE SCHOLARSHIPS, STUDENT TECHNICAL PAPER CONFERENCES, AEROSPACE DESIGN COMPETITIONS AND AWARDS FOR OUTSTANDING ACHIEVEMENT IN VARIOUS AEROSPACE FIELDS, PROMOTES K-12 AND COLLEGE STEM ACTIVITY, PROVIDES GRANTS AND EDUCATOR ACHIEVEMENT AWARDS TO EDUCATORS IN THE STEM FIELDS AND PROVIDES RECOGNITION PLATFORMS FOR SIGNIFICANT AEROSPACE TECHNICAL AND COMMUNITY CONTRIBUTIONS. ALL SCHOLARSHIP, AWARD AND DESIGN COMPETITION WINNERS ARE CHOSEN BY INDEPENDENT PANELS OF EXPERTS IN THE RELEVANT FIELDS. DURING FY24, THE FOUNDATION AWARDED 31 SCHOLARSHIPS AND 11 PROFESSIONAL AWARDS, SUPPORTED 8 STUDENT CONFERENCES, SUPPORTED 14 DESIGN COMPETITIONS, SUPPORTED 45 DIVERSITY SCHOLARS, AND ISSUED 88 EDUCATOR GRANTS AND AWARDS.

  Expenses $874,543 · Grants $298,174

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

Listed in Part VII

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

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

• GEORGIA INSTITUTE OF TECHNOLOGY

  $40,000

  GENERAL SUPPORT

• MASSACHUSETTS INSTITUTE OF TECHNOLOGY

  $13,000

  GENERAL SUPPORT

• UNIVERSITY OF MARYLAND

  $13,000

  GENERAL SUPPORT

• PRINCETON UNIVERSITY

  $10,000

  GENERAL SUPPORT

• STANFORD UNIVERSITY

  $10,000

  GENERAL SUPPORT

• UNIVERSITY OF SOUTHERN CALIFORNIA

  $10,000

  GENERAL SUPPORT

• ALLEGHENY COUNTY AIRPORT AUTHORITY

  $7,500

  GENERAL SUPPORT

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.

• AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS

  501(C)(3) · EDUCATION · VA

Provenance

Return type

form_990

Tax year

2023

Filed

10 June 2025

IRS schema version

2023v6.0

Source object

202531629349300823

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