LIMITLESS SPACE INSTITUTE INC

EIN: 842206901 501(c)(3) Education

HOUSTON, TX

Total Revenue
$131,987
Total Expenses
$332,607
Total Assets
$687,296
Net Assets
$687,296
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
NAVIN GHAFFARIAN
Phone
2813397800
Tax Period
2025-01-01 to 2025-12-31

LIMITLESS SPACE INSTITUTE INC, founded in 2019, is a small nonprofit in the Education sector that reported $132K in total revenue in fiscal year 2025. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $333K exceeded revenue, resulting in a 152% operating deficit.

Mission

LIMITLESS SPACE INSTITUTE IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO INSPIRE AND EDUCATE THE NEXT GENERATION TO TRAVEL BEYOND OUR SOLAR SYSTEM AND TO RESEARCH AND DEVELOP ENABLING TECHNOLOGIES. LSI ADVANCES THE PURSUIT OF RELEVANT DEEP SPACE EXPLORATION R&D THROUGH THE FOLLOWING STUDENT-ENGAGING PROGRAMS:INTERNAL R&D: PURSUING IN-HOUSE BASIC RESEARCH AT THE EAGLEWORKS LABORATORIES NEAR JOHNSON SPACE CENTER.EXTERNAL R&D: DIRECTLY FUNDING ACADEMIA-LED R&D PROJECTS THROUGH GRANTS.COLLABORATIVE R&D: ADVANCING RESEARCH IN COLLABORATION WITH UNIVERSITY PARTNERS.SCHOLARSHIPS & FELLOWSHIPS: AWARDING SCHOLARSHIPS FOR UNDERGRADUATE, GRADUATE, AND POSTDOC STUDENTS.LAB BOOSTERS: AWARDING LAB BOOSTERS TO K-12 EDUCATION INITIATIVES FOCUSED ON BOLD SPACE EXPLORATION.

Program Service Accomplishments

Program 1
Expenses: $67,359 Revenue: $62,928

RESEARCH & DEVELOPMENT:INTERNAL R&D: PURSUING IN-HOUSE BASIC RESEARCH AT THE EAGLEWORKS LABORATORIES NEAR JOHNSON SPACE CENTER.EXTERNAL R&D: DIRECTLY FUNDING ACADEMIA-LED R&D PROJECTS THROUGH...

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RESEARCH & DEVELOPMENT:INTERNAL R&D: PURSUING IN-HOUSE BASIC RESEARCH AT THE EAGLEWORKS LABORATORIES NEAR JOHNSON SPACE CENTER.EXTERNAL R&D: DIRECTLY FUNDING ACADEMIA-LED R&D PROJECTS THROUGH GRANTS.COLLABORATIVE R&D: ADVANCING RESEARCH IN COLLABORATION WITH UNIVERSITY PARTNERS.

Program 2
Expenses: $216,668

EDUCATION & OUTREACH:SCHOLARSHIPS & FELLOWSHIPS: AWARDING SCHOLARSHIPS FOR UNDERGRADUATE, GRADUATE, AND POSTDOC STUDENTS.LAB BOOSTERS: AWARDING LAB BOOSTERS TO K-12 EDUCATION INITIATIVES FOCUSED ON...

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EDUCATION & OUTREACH:SCHOLARSHIPS & FELLOWSHIPS: AWARDING SCHOLARSHIPS FOR UNDERGRADUATE, GRADUATE, AND POSTDOC STUDENTS.LAB BOOSTERS: AWARDING LAB BOOSTERS TO K-12 EDUCATION INITIATIVES FOCUSED ON BOLD SPACE EXPLORATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $68,590
Program Service Revenue $62,928
Investment Income $469
Other Revenue $0
TOTAL REVENUE $131,987

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,297
Fundraising Expenses $0
Program Expenses $284,027
Other Expenses $193,310
TOTAL EXPENSES $332,607

Year-over-Year Comparison

2025 2024 Change
Revenue $131,987 $1,019,913 -0.9%
Expenses $332,607 $1,208,197 -0.7%
Net Income $-200,620 $-188,284 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
3
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAMAL GHAFFARIAN EXECUTIVE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CLAIRE HAIDAR DIRECTOR 1.00
Director
$0 $0 $0
YUNHEE CHANG DIRECTOR 1.00
Director
$0 $0 $0
NAVIN GHAFFARIAN SECRETARY/TREASURER 1.00
Officer 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 $131,987 $332,607 $687,296 $-200,620
2024 $1,019,913 $1,208,197 $887,058 $-188,284
2023 $2,244,662 $1,791,803 $1,075,342 $452,859
2022 $1,813,841 $2,002,554 $622,483 $-188,713
2021 $2,941,220 $2,605,089 $811,196 $336,131
2020 $2,099,622 $1,731,000 $537,065 $368,622
2019 $539,254 $431,497 $107,757 $107,757
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