Overview
What is American Astronautical Society Inc?
The American Astronautical Society Inc, located at 6352 Rolling Mill Place 102, Springfield, Virginia, is a nonprofit organization dedicated to fostering cooperation and delivering services to approximately 1450 members passionate about advancing astronautical sciences and space flight engineering. Their primary mission is to educate and encourage collaboration among its members, aiming to maintain a robust space program. With a small workforce of five individuals, the American Astronautical Society Inc continues to promote growth in the field of space exploration and engineering.
Official website here: www.astronautical.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69%)
The American Astronautical Society Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. While the organization boasts a strong independent board, with 100% of its members being independent, it falls short in several critical areas, such as the absence of key policies like conflict of interest and whistleblower protections. The lack of financial statements further detracts from its transparency.
On a positive note, the organization demonstrates a solid program expense ratio of 72.47%, suggesting that a substantial portion of its funds is directed towards its mission-related activities. Additionally, the organization has reported no material diversion of assets, maintaining a low liabilities to assets ratio of 3.02%. These factors indicate responsible financial stewardship in its operational activities.
However, the absence of essential governance documents raises concerns about the organization's overall transparency and accountability. The nonprofit's missing tax form on its website, combined with the lack of various policy documents, highlights a need for improved practices to foster trust with donors and stakeholders. Overall, while the American Astronautical Society has strengths in program funding, its governance and transparency issues warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is American Astronautical Society Inc legitimate?
American Astronautical Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Astronautical Society Inc 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: $114,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,284
For more financial information, click here
Official website here: www.astronautical.org
What is the mission statement of American Astronautical Society Inc?
The American Astronautical Society Inc's mission is centered around educating and fostering cooperation among its approximately 1450 members who share an interest in the advancement of astronautical sciences and space flight engineering. The organization's mission, in essence, is to promote collaboration and provide services to these members, thereby contributing to the strengthening of the space program. The society's activities aim to maintain a robust space program by engaging its members in various aspects of astronautical sciences and space exploration.
Official website here: www.astronautical.org
Who is the CEO of American Astronautical Society Inc?
James A Way is the Vice Pres. Finance of American Astronautical Society Inc.
Official website here: www.astronautical.org
What is the revenue of American Astronautical Society Inc?
American Astronautical Society Inc's revenue in 2022 was $944,774.
Official website here: www.astronautical.org
Who are the executives of American Astronautical Society Inc and what are their salaries?
The average compensation at American Astronautical Society Inc during 2022 was $42,297. There are 5 employees at American Astronautical Society Inc.
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Official website here: www.astronautical.org
Where can I find the form 990 for American Astronautical Society Inc?
American Astronautical Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.astronautical.org
Learn more at the official website: www.astronautical.org
Mission Statement of American Astronautical Society Inc
The American Astronautical Society Inc, a nonprofit organization with approximately 1450 members, is dedicated to fostering cooperation and providing services to individuals with a passion for advancing astronautical sciences and space flight engineering. Its mission is primarily centered around promoting collaboration among its members and offering assistance in this field. By doing so, the Society aims to maintain a robust space program, contributing to the advancement of astronautical sciences and space exploration.
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Impact
July, 2024
The American Astronautical Society Inc plays a significant role in educating and promoting cooperation among its approximately 1450 members interested in the advancement of astronautical sciences. By maintaining a strong space program and fostering collaboration within the space flight engineering community, the society contributes to the advancement of scientific research in the field. Their work helps support innovation, knowledge sharing, and the development of solutions that further our understanding of space exploration and technology.
This information is meant to be a general summary of American Astronautical Society Inc. 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 2022.
- Investment Income: $22
- Program Service Revenue: $813,213
- Gross Receipts: $944,774
Assets and Liabilities:
- Total Assets: $1,150,212
- Total Liabilities: $34,805
- Net Assets: $1,115,407
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL MEETINGS
Revenue
$800,149
NEWSLETTER & JOUR. PUB
Revenue
$13,064
Organization Details
Founding Year
1954
Phone
(703) 866-0020Principal Officer
James A Way
Main Address
6352 ROLLING MILL PLACE 102, SPRINGFIELD, VA, 221522370
Website
www.astronautical.orgNTEE Category
Code: U31C - Science research
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