Planetary Science Institute

EIN: 330175263 501(c)(3)

Tucson, AZ

Total Revenue
$17,875,430
Total Expenses
$17,793,247
Total Assets
$5,660,734
Net Assets
$3,430,295
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AZ
Principal Officer
Amanda R Hendrix
Phone
5206226300
Tax Period
2023-10-01 to 2024-09-30

Planetary Science Institute, founded in 1986, is a mid-sized nonprofit that reported $17.9M in total revenue in fiscal year 2023.

Mission

The Planetary Science Institute studies the origin, characteristics, and evolution of planetary systems, including our solar system, Earth itself, and planetary systems around other stars. We convey the resulting knowledge to the scientific community, and to the public at large to promote science education and science literacy. We further use this knowledge to advance human activity in space and shape the future of robotic exploration of the solar system.

Program Service Accomplishments

Program 1
Expenses: $16,019,376 Revenue: $17,674,797

The Planetary Science Institute (PSI) is a nonprofit science research and educational organization with an established record of excellence in solar system exploration, comparative planetology...

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The Planetary Science Institute (PSI) is a nonprofit science research and educational organization with an established record of excellence in solar system exploration, comparative planetology, science education and public outreach. PSI has scientists in 34 states, the District of Columbia, and other locations around the world. In the fiscal year ending September 30, 2024, PSI scientists operated instruments on NASA's Mars Science Laboratory and Juno missions and provided science team support for these and NASA's Mars Reconnaissance Orbiter, Mars Perseverance Rover, Lunar Reconnaissance Orbiter, Psyche, New Horizons, and Europa Clipper missions and ESA's Mars Express. They are developing insights into the origin of life, discovered widespread sources of water and hydroxyl on the Moon, and found a new population of impact craters on Venus. They have explained the existence of a young underground ocean on an icy satellite of Saturn, improved our understanding of Earth's ionosphere, and discovered potential ice-rich deposits in the equatorial region of Mars.The PSI Observatory continues to be used in the study of Jupiter's Io torus, the observation of comets, exoplanets and other bodies. PSI scientists support an instrument on the International Space Station to study the climate effects of dust (particularly from North Africa).PSI scientists were awarded research grants and contracts to conduct diverse research and laboratory studies covering the Moon, Mars, asteroids, comets, meteorites, outer planet satellites, solar system dynamics, solar system origins, planets around other stars, and other areas.PSI is responsible, as part of NASA's Planetary Data System, for archiving all mission data involving asteroids, comets and interplanetary dust and making it available to the general science community and public. PSI scientists engaged in public outreach through art, writing children's books, popular science books, and public lectures and broadcast events such as Discovery Channel and BBC specials.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $127,528
Program Service Revenue $17,674,797
Investment Income $66,962
Other Revenue $6,143
TOTAL REVENUE $17,875,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,200,431
Fundraising Expenses $1,334
Program Expenses $16,019,376
Other Expenses $4,592,816
TOTAL EXPENSES $17,793,247

Year-over-Year Comparison

2023 2022 Change
Revenue $17,875,430 $17,937,228 0.0%
Expenses $17,793,247 $17,620,401 +0.0%
Net Income $82,183 $316,827 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
162
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$741,779
Total Directors
6
$307,198
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark V Sykes CEO / Trustee 40.00
Officer Director
$262,687 $44,511 $307,198
Scott Fouse Trustee/Board Chair 5.00
Officer Director
$0 $0 $0
William Craig Trustee/Vice Chair 5.00
Officer Director
$0 $0 $0
William Hartmann Trustee 5.00
Director
$0 $0 $0
Alison Nordt Trustee 5.00
Director
$0 $0 $0
Arun Seraphin Trustee 5.00
Director
$0 $0 $0
Maurizio A Ienna-Balistreri CFO / Treasurer 40.00
Officer
$201,307 $53,430 $254,737
Linda L Rueger HR Director / Secretary 40.00
Officer
$150,967 $28,877 $179,844
Nathaniel Putzig Senior Scientist 40.00
Highest
$175,167 $40,335 $215,502
Amanda R Hendrix Senior Scientist 40.00
Highest
$196,113 $52,564 $248,677
Catherine M Weitz Senior Scientist 40.00
Highest
$178,166 $40,147 $218,313
Melinda Dyar Senior Scientist 30.00
Highest
$183,202 $25,648 $208,850
Eldar Z Noe Dobrea Senior Scientist 40.00
Highest
$172,659 $31,740 $204,399
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $17,875,430 $17,793,247 $5,660,734 $82,183
2023 $17,937,228 $17,620,401 $6,331,149 $316,827
2022 $18,517,420 $18,151,737 $5,887,452 $365,683
2021 $17,303,405 $15,454,007 $5,275,095 $1,849,398
2020 $15,041,893 $15,120,352 $5,644,697 $-78,459
2019 $15,198,856 $15,027,290 $3,624,539 $171,566
2018 $13,124,044 $12,945,376 $3,358,331 $178,668
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