NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES

EIN: 542065665 501(c)(3) Science & Technology

HAMPTON, VA

Total Revenue
$10,830,802
Total Expenses
$10,723,235
Total Assets
$15,295,515
Net Assets
$12,977,426
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VA
Principal Officer
DOUGLAS D STANLEY
Phone
7573256741
Tax Period
2023-10-01 to 2024-09-30

NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES, founded in 2002, is a mid-sized nonprofit in the Science & Technology sector that reported $35.2M in total revenue in fiscal year 2017.

Mission

NATIONAL INSTITUTE OF AEROSPACE (NIA), A NON-PROFIT RESEARCH AND GRADUATE EDUCATION INSTITUTE, FUNCTIONING AS A PARTNER WITH THE NASA LANGLEY RESEARCH CENTER (LARC), OTHER GOVERNMENT AGENCIES AND LABORATORIES, UNIVERSITIES, AND INDUSTRY. NIA CONDUCTS LEADING-EDGE RESEARCH AND TECHNOLOGY DEVELOPMENT IN SPACE EXPLORATION, AERONAUTICS, AND SCIENCE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $887,483
Program Service Revenue $9,547,298
Investment Income $131
Other Revenue $395,890
TOTAL REVENUE $10,830,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,082,199
Fundraising Expenses $0
Program Expenses $7,946,584
Other Expenses $4,641,036
TOTAL EXPENSES $10,723,235

Year-over-Year Comparison

2023 2022 Change
Revenue $10,830,802 $23,750,328 -0.5%
Expenses $10,723,235 $23,924,632 -0.6%
Net Income $107,567 $-174,304 -1.6%
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
13
Independent Members
13
Employees
54
Volunteers
N/A

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
4
$1,217,623
Total Directors
13
$10,000
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BARRY BURKS CHAIR 1.00
Director
$3,750 $0 $3,750
JEFFREY PIRONE TREASURER 1.00
Director
$3,750 $0 $3,750
CAPT KENNETH REIGHTLER JR DIRECTOR 1.00
Director
$2,500 $0 $2,500
DR ROBERT BUTERA BOARD VICE CHAIR 1.00
Director
$0 $0 $0
DR DAVID BOWLES VICE-CHAIR 1.00
Director
$0 $0 $0
DR SAMUEL GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
DANIEL DUMBACHER DIRECTOR 1.00
Director
$0 $0 $0
REGINALD JR EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
DR JOANN HAYSBERT DIRECTOR 1.00
Director
$0 $0 $0
DR ERIC MUTH DIRECTOR 1.00
Director
$0 $0 $0
ED NELSON DIRECTOR 1.00
Director
$0 $0 $0
DR MELUR K RAMASUBRAMANIA DIRECTOR 1.00
Director
$0 $0 $0
DR MLADEN VOUK DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS D STANLEY PRESIDENT & EXECUTIVE DIRE 45.00
Officer
$464,017 $36,434 $500,451
CARLY BOSCO DIRECTOR OF RESEARCH, SECR 40.00
Officer
$218,482 $32,495 $250,977
SHELLEY SPEARS DIRECTOR OF EDUCATION & OU 41.00
Officer
$208,326 $32,153 $240,479
HARLA SHERWOOD DIRECTOR OF COMMUNICATIONS 40.00
Officer
$207,193 $18,523 $225,716
DENNIS VOLPANO PRINCIPAL RNGINEER 40.00
Highest
$178,806 $8,593 $187,399
HIROAKI NISHIKAWA RESEARCH FELLOW 40.00
Highest
$176,330 $30,909 $207,239
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 $10,830,802 $10,723,235 $15,295,515 $107,567
2023 $23,750,328 $23,924,632 $17,913,505 $-174,304
2022 $29,494,338 $29,068,092 $23,457,425 $426,246
2021 $26,735,144 $26,725,428 $24,951,080 $9,716
2020 $26,950,915 $26,930,912 $24,805,280 $20,003
2019 $36,061,405 $35,817,384 $25,705,271 $244,021
2018 $35,190,815 $35,021,560 $27,190,347 $169,255
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