ASTRONAUTS MEMORIAL FOUNDATION INC

EIN: 592637266 501(c)(3) Arts, Culture & Humanities

KENNEDY SPACE CENTER, FL

Total Revenue
$1,538,147
Total Expenses
$2,145,788
Total Assets
$10,970,269
Net Assets
$10,779,303
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
FL
Principal Officer
THAD ALTMAN
Phone
3214522887
Tax Period
2024-07-01 to 2025-06-30

ASTRONAUTS MEMORIAL FOUNDATION INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE ASTRONAUTS MEMORIAL FOUNDATION HONORS AND MEMORIALIZES THOSE ASTRONAUTS WHO HAVE SACRIFICED THEIR LIVES FOR THE NATION AND THE SPACE PROGRAM BY SPONSORING THE NATIONAL SPACE MIRROR MEMORIAL, AND BY IMPLEMENTING INNOVATIVE EDUCATIONAL TECHNOLOGY PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $330,592

UPKEEP AND MAINTENANCE OF THE PERMANENT ASTRONAUT MEMORIAL LOCATED AT KENNEDY SPACE CENTER. THE ASTRONAUTS MEMORIAL FOUNDATION'S SPACE MIRROR MEMORIAL IS A UNIQUE BLEND OF ART AND SCIENCE AND A...

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UPKEEP AND MAINTENANCE OF THE PERMANENT ASTRONAUT MEMORIAL LOCATED AT KENNEDY SPACE CENTER. THE ASTRONAUTS MEMORIAL FOUNDATION'S SPACE MIRROR MEMORIAL IS A UNIQUE BLEND OF ART AND SCIENCE AND A FITTING TRIBUTE TO THE ASTRONAUTS BEING HONORED. THE SPACE MIRROR IS 42.5 FEET HIGH AND 50 FEET WIDE AND IS CONSTRUCTED OF MIRROR-FINISHED GRANITE. IT CONSISTS OF 90 GRANITE PANELS THAT ARE 80 5-FOOT X 5-FOOT AND 10 HALF SIZED PANELS. EACH FULL PANEL IS TWO INCHES THICK AND WEIGHS 500 POUNDS. THE SUN'S RAYS ARE PROJECTED THROUGH THE NAMES OF THE ASTRONAUTS, WHICH ARE ENGRAVED THROUGH THE GRANITE. THE LATTER SPACES ARE FILLED WITH CRYSTAL CLEAR ACRYLIC, MINUTELY JAGGED ON THE FRONT SIDE TO DIFFUSE THE LIGHT. POWERFUL LIGHTS ILLUMINATE THE ASTRONAUTS' NAMES 24 HOURS A DAY, 365 DAYS A YEAR.

Program 2
Expenses: $464,627

THE ASTRONAUTS MEMORIAL FOUNDATION CAPTURES THE TECHNOLOGY DEVELOPED IN THE UNITED STATES' SPACE PROGRAM AND APPLIES IT TO THE FIELD OF EDUCATION. WE PARTNER WITH THE NATIONAL AERONAUTICS AND SPACE...

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THE ASTRONAUTS MEMORIAL FOUNDATION CAPTURES THE TECHNOLOGY DEVELOPED IN THE UNITED STATES' SPACE PROGRAM AND APPLIES IT TO THE FIELD OF EDUCATION. WE PARTNER WITH THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION TO PROVIDE TECHNOLOGY TRAINING TO EDUCATORS THROUGHOUT THE NATION WITH A PARTICULAR EMPHASIS ON SPACE-RELATED TECHNOLOGY. IN ADDITION, AT THE CENTER FOR SPACE EDUCATION WE OFFER SPACE-RELATED EDUCATIONAL OPPORTUNITIES FOR INDIVIDUALS, AND, IN DOING SO, WE IMPROVE THE QUALITY OF THE WORK-FORCE IN THE SPACE INDUSTRY.

Program 3
Expenses: $657,685

OPERATIONS AND MAINTENANCE OF THE CENTER FOR SPACE EDUCATION. THIS "LIVING MEMORIAL" TO THE ASTRONAUTS HAS A TWOFOLD MISSION. TO FOSTER AN UNDERSTANDING OF SPACE EXPLORATION AMONG PEOPLE, TEACHERS...

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OPERATIONS AND MAINTENANCE OF THE CENTER FOR SPACE EDUCATION. THIS "LIVING MEMORIAL" TO THE ASTRONAUTS HAS A TWOFOLD MISSION. TO FOSTER AN UNDERSTANDING OF SPACE EXPLORATION AMONG PEOPLE, TEACHERS, AND KENNEDY SPACE CENTER VISITORS. TO IMPROVE AMERICAN EDUCATION THROUGH THE ACCELERATED AND EFFECTIVE APPLICATION OF TECHNOLOGY IN OUR SCHOOLS. THIS 47,000 SQUARE-FOOT FACILITY IS LOCATED ON SIX ACRES AT THE KENNEDY SPACE CENTER VISITOR COMPLEX, WHICH DRAWS NEARLY THREE-MILLION VISITORS EACH YEAR TO SPACE EDUCATION AT THE CENTER. NASA CONDUCTS MANY SPACE EDUCATION PROGRAMS IN THE CENTER. ITS POPULAR EXPLORATION STATION HOSTS MORE THAN 1,000 SCHOOL FIELD TRIPS EACH YEAR AND HUNDREDS OF THOUSANDS OF OTHER VISITORS. SCHOOL GROUPS TAKE PART IN A LECTURE/DEMONSTRATION PROGRAM AS WELL AS HANDS ON SCIENCE ACTIVITIES USING ACTUAL SPACE HARDWARE AND ARTIFACTS. VISITORS ENJOY THE HANDS ON PORTION OF THE PROGRAM NASA'S EDUCATOR RESOURCE CENTER. AS AN EDUCATOR, YOU ARE INVITED TO VISIT NASA'S EDUCATOR RESOURCE CENTER, ALSO LOCATED IN THE CENTER FOR SPACE EDUCATION. YOU WILL RECEIVE A PACKET OF NASA PRINTED MATERIAL AND HAVE THE OPPORTUNITY TO COPY A VARIETY OF VIDEOTAPES, SLIDES AND SOFTWARE ONTO YOUR OWN BLANK TAPES, FILM AND DISKS. THE CENTER HOUSES THE AMF EDUCATIONAL TECHNOLOGY INSTITUTE, A NATIONAL ORGANIZATION WHICH PROVIDES TRAINING, DEMONSTRATION AND DEVELOPMENTAL PROGRAMS FOR EDUCATORS IN PARTNERSHIP WITH CORPORATIONS, GOVERNMENT AGENCIES, EDUCATIONAL INSTITUTES AND NATIONAL ASSOCIATIONS FLORIDA SPACE INSTITUTE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,084,893
Program Service Revenue $56,598
Investment Income $71,573
Other Revenue $325,083
TOTAL REVENUE $1,538,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $950,322
Fundraising Expenses $252,572
Program Expenses $1,452,904
Other Expenses $1,195,466
TOTAL EXPENSES $2,145,788

Year-over-Year Comparison

2024 2023 Change
Revenue $1,538,147 $1,359,657 +0.1%
Expenses $2,145,788 $2,139,572 +0.0%
Net Income $-607,641 $-779,915 -0.2%
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
12
Independent Members
12
Employees
9
Volunteers
30

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
6
$181,500
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THAD ALTMAN PRESIDENT & 50.00
Officer
$181,500 $0 $181,500
KATHIE SCOBEE FULGHAM CHAIR 2.00
Officer Director
$0 $0 $0
TABER MACCALLUM VICE-CHAIR 2.00
Officer Director
$0 $0 $0
KAREN BASSETT STEVENSON SECRETARY 2.00
Officer Director
$0 $0 $0
JESSICA ANDRE TREASURER 2.00
Officer Director
$0 $0 $0
SHERYL CHAFFEE IMMEDIATE PA 2.00
Officer Director
$0 $0 $0
ANDREW ALLEN DIRECTOR 2.00
Director
$0 $0 $0
BONNIE BAER DIRECTOR 2.00
Director
$0 $0 $0
NANCY P BRAY DIRECTOR 2.00
Director
$0 $0 $0
RAJA CHARI DIRECTOR 2.00
Director
$0 $0 $0
DENISE COLEMAN DIRECTOR 2.00
Director
$0 $0 $0
KEVIN MCKEOWN DIRECTOR 2.00
Director
$0 $0 $0
BARBARA MORGAN DIRECTOR 2.00
Director
$0 $0 $0
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
2025 $1,538,147 $2,145,788 $10,970,269 $-607,641
2024 No data No data No data No data
2023 $1,291,283 $2,093,084 $12,051,546 $-801,801
2022 $1,167,493 $1,704,838 $12,766,095 $-537,345
2021 $1,069,432 $1,197,906 $13,862,910 $-128,474
2020 $3,579,772 $1,625,524 $13,639,838 $1,954,248
2019 $1,385,116 $1,668,876 $11,794,865 $-283,760
2018 $1,114,071 $1,458,152 $12,065,449 $-344,081
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