NEARSPACE EDUCATION INC

EIN: 850788293 501(c)(3) Education

UPLAND, IN

Total Revenue
$1,080,440
Total Expenses
$579,450
Total Assets
$1,220,768
Net Assets
$1,174,545
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IN
Principal Officer
MATTHEW C VOSS
Phone
7659988942
Tax Period
2024-01-01 to 2024-12-31

NEARSPACE EDUCATION INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $501K, a strong 46% operating margin.

Mission

TO INSPIRE, EQUIP, AND IMPACT THE NEXT GENERATION OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS) STUDENTS THROUGH INNOVATIVE EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $133,250 Revenue: $335,000

CREATION OF THE DREAM BIG PARK IN DOWNTOWN UPLAND, INDIANA. THE PURPOSE OF THE PARK IS TO PROVIDE A PHYSICAL LOCATION DESIGNED FOR STUDENTS TO EXPLORE AND LEARN ABOUT SCIENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $913,795
Program Service Revenue $4,824
Investment Income $2,942
Other Revenue $158,879
TOTAL REVENUE $1,080,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $307,033
Fundraising Expenses $0
Program Expenses $552,149
Other Expenses $272,417
TOTAL EXPENSES $579,450

Year-over-Year Comparison

2024 2023 Change
Revenue $1,080,440 $666,307 +0.6%
Expenses $579,450 $81,233 +6.1%
Net Income $500,990 $585,074 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
13
Volunteers
25

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
1
$18,218
Total Directors
5
$18,218
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW C VOSS PRESIDENT 20.00
Officer Director
$18,218 $0 $18,218
JEFFREY F DAILEY DIRECTOR 1.00
Director
$0 $0 $0
HENRY D VOSS DIRECTOR 1.00
Director
$0 $0 $0
ADAM BENNET DIRECTOR 1.00
Director
$0 $0 $0
LEZLIE A WINTER DIRECTOR 1.00
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
2024 $1,080,440 $579,450 $1,220,768 $500,990
2023 $666,307 $81,233 $674,158 $585,074
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