Overview
What is Maine Space Grant Consortium?
The Maine Space Grant Consortium (MSGC) is a 501(c)(3) affiliate-based corporation, situated in Augusta, Maine. It is a part of a national network, funded by NASA, that aims to foster science and engineering growth across the U.S. and Puerto Rico. MSGC collaborates with universities, research laboratories, state agencies, businesses, and education organizations to promote NASA's goals while benefiting Maine's scientific and technological advancements. The consortium's primary objective is to expand and diversify Maine's space exploration research and education capacity, involving students and professionals in projects aligned with NASA's priorities and contributing to Maine's competitive edge in the new space economy. MSGC achieves this goal through various programs and initiatives, such as research grants, undergraduate and graduate internships, and teacher training, all of which aim to inspire interest in aerospace careers among K-12 students and higher education students.
Official website here: www.msgc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
The Maine Space Grant Consortium has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates several strengths, there are notable areas for improvement. The organization boasts a high level of accountability, with 100% independent board members and a strong commitment to financial oversight, exemplified by a perfect score for its audit and oversight committee.
However, limitations are evident in its governance practices, particularly the absence of key policies, including a whistleblower policy and a document retention policy, which are critical for transparency and accountability. Furthermore, the consortium has a high liabilities to assets ratio, suggesting potential financial vulnerabilities that could impact its operational stability in the future. Despite these challenges, the organization allocates a significant portion of its funding towards its programs, indicating a focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Space Grant Consortium legitimate?
Maine Space Grant Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Space Grant Consortium submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $170,855
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.msgc.org
What is the mission statement of Maine Space Grant Consortium?
The Maine Space Grant Consortium's mission is centered around supporting aerospace research, education, and public service. Their primary objectives include enhancing research infrastructure in areas of mutual interest with NASA, encouraging students to pursue careers in STEM fields, and strengthening NASA's presence in Maine. By engaging affiliates such as universities, research laboratories, and educational organizations, they aim to expand and diversify Maine's space exploration research capacity and education programs, aligning with NASA's priorities and contributing to Maine's competitive advantage in the emerging space economy. The consortium offers various programs and initiatives to achieve these goals, including research collaborations, internships, and teacher training, with a focus on K-12 students and undergraduates.
Official website here: www.msgc.org
Who is the CEO of Maine Space Grant Consortium?
Dr Terry Shehata is the Director of Maine Space Grant Consortium.
Official website here: www.msgc.org
What is the revenue of Maine Space Grant Consortium?
Maine Space Grant Consortium's revenue in 2023 was $1,823,356.
Official website here: www.msgc.org
Who are the executives of Maine Space Grant Consortium and what are their salaries?
The average compensation at Maine Space Grant Consortium during 2023 was $85,428. There are 2 employees and 15 volunteers at Maine Space Grant Consortium.
Here are 17 key members and their salaries:
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Official website here: www.msgc.org
Where can I find the form 990 for Maine Space Grant Consortium?
Maine Space Grant Consortium's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.msgc.org
Learn more at the official website: www.msgc.org
Mission Statement of Maine Space Grant Consortium
The Maine Space Grant Consortium, a 501(c)(3) corporation and a part of the National Network of Consortia, is committed to supporting aerospace research, education, and public service in the state of Maine. This nonprofit organization aims to achieve its mission by improving the research infrastructure of its affiliates in areas of mutual interest with NASA and the State of Maine. Additionally, it encourages more students to consider careers in fields of science, technology, engineering, and mathematics (STEM), and enhances NASA's presence throughout Maine. The Maine Space Grant Consortium achieves this mission by investing in innovative research projects that align with NASA's priorities, engaging undergraduate and graduate students in these research teams, and supporting aerospace career pathways for students through awards, internships, and hands-on learning experiences. The consortium also works to broaden exposure of K-12 students to STEM career pathways through teacher training, curricula infused with NASA missions, and hands-on learning experiences. Overall, the Maine Space Grant Consortium is dedicated to expanding and diversifying Maine's space exploration research capacity, engaging students in aerospace careers, and increasing public awareness of STEM through connections to NASA.
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Impact
July, 2024
The Maine Space Grant Consortium's impact is significant in supporting aerospace research, education, and public service in Maine. As an affiliate-based organization under the National Space Grant College and Fellowship Program funded by NASA, the Consortium collaborates with various institutions and organizations to further NASA's goals while benefiting Maine in the areas of science and technology. Through programs aimed at expanding and diversifying Maine's space exploration research capacity, engaging students in aerospace career pathways, and broadening exposure to STEM fields for K-12 students, the Consortium is actively contributing to the development of Maine's space exploration research and education capabilities. Additionally, by increasing public awareness and understanding of STEM through connections to NASA, the Consortium is helping to inspire the next generation of scientists and innovators in Maine.
This information is meant to be a general summary of Maine Space Grant Consortium. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8
- Program Service Revenue: $7,920
- Gross Receipts: $1,823,356
Assets and Liabilities:
- Total Assets: $623,670
- Total Liabilities: $604,727
- Net Assets: $18,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference Fees
Revenue
$7,920
Organization Details
Founding Year
2000
Phone
(207) 622-4688Principal Officer
Dr Terry Shehata
Main Address
87 Winthrop Street 200, Augusta, ME, 04330
Website
www.msgc.orgNTEE Category
Code: U30 - Science research
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