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Aiaa Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541827596 ✦ Reston, VA ✦ Designated as a 501(c)(3)

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Overview

What is Aiaa Foundation?

The Aiaa Foundation, based in Reston, Virginia, is a nonprofit organization with a mission to support the education of current and future aerospace professionals. They provide financial aid through scholarships, student technical paper conferences, aerospace design competitions, and awards for outstanding achievements in various aerospace fields. The foundation also encourages STEM activities in K-12 and college education, offering grants and recognition platforms for educators in the STEM fields. Additionally, they support events and competitions, awarding 26 scholarships, sponsoring 7 student conferences, and backing 11 design competitions in 2021 alone. The foundation's selection process involves independent expert panels in the relevant fields.


Official website here: www.aiaa.org

Is Aiaa Foundation legitimate?

Aiaa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aiaa Foundation 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: $0
Professional Fundraising Fees: $25,000
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aiaa.org

What is the mission statement of Aiaa Foundation?

The Aiaa Foundation, in conjunction with AIAA, strives to bolster the future of the aerospace profession and supporting organizations. Their primary mission is to provide resources for the education of current and future aerospace professionals. This is achieved through various means, such as offering financial aid for scholarships, sponsoring student technical paper conferences, and supporting aerospace design competitions. The foundation also recognizes outstanding achievements in various aerospace fields and promotes STEM activities in K-12 and college levels. Additionally, they provide grants and awards to educators in the STEM fields and offer recognition platforms for significant aerospace technical and community contributions.


Official website here: www.aiaa.org

Who is the CEO of Aiaa Foundation?

Daniel L Dumbacher is the Principal Officer of Aiaa Foundation.


Official website here: www.aiaa.org

What is the revenue of Aiaa Foundation?

Aiaa Foundation's revenue in 2022 was $2,009,354.


Official website here: www.aiaa.org

Who are the executives of Aiaa Foundation and what are their salaries?

There 150 volunteers at Aiaa Foundation.


Here are 11 key members and their salaries:


Daniel Dumbacher (President & Secretary)
  • Compensation: $0
  • Related: $473,101
  • Other: $12,988
Karen Rosenblum (Svp, Finance, Admin & Cfo)
  • Compensation: $0
  • Related: $273,012
  • Other: $39,058
Merrie Scott (Vp, Community & Partner En)
  • Compensation: $0
  • Related: $183,404
  • Other: $35,390
Basil Hassan (Chairman (From 5/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
John Langford (Chairman (To 5/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Annalisa Weigel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Hyslop (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Mcgill (Aiaa President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Paterson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Walker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aiaa.org

Where can I find the form 990 for Aiaa Foundation?

Aiaa Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aiaa.org

Learn more at the official website: www.aiaa.org

Mission Statement of Aiaa Foundation

The Aiaa Foundation, in conjunction with AIAA, aims to enhance and support the viability of the future of the aerospace profession, practicing aerospace professionals, and the organizations and institutions involved in aerospace. To achieve this mission, the foundation provides resources primarily focused on education. It offers financial support for undergraduate and graduate scholarships, student technical paper conferences, aerospace design competitions, and awards for outstanding achievement in various aerospace fields. The foundation also promotes K-12 and college STEM activity, recognizing educators in the STEM fields through grants and achievement awards. Moreover, the Aiaa Foundation provides platforms for recognizing significant aerospace technical and community contributions. During 2021, the foundation awarded 26 scholarships, supported 7 student conferences, and issued 83 educator grants.

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Impact




October, 2024

The AIAA Foundation significantly contributes to the education and development of current and future aerospace professionals. By providing financial support for undergraduate and graduate scholarships, it enables students to pursue their academic goals in aerospace engineering and related fields. The foundation also supports student technical paper conferences and aerospace design competitions, offering platforms for students to showcase their skills and creativity.

In addition to direct support to students, the AIAA Foundation promotes STEM activities in K-12 and college environments, encouraging young minds to explore and engage with science, technology, engineering, and mathematics. Through educator grants and achievement awards, it recognizes and empowers teachers in STEM disciplines, fostering an inspiring learning environment.

In 2021, the foundation awarded 26 scholarships, supported 7 student conferences, sponsored 11 design competitions, and issued 83 educator grants, making a substantial impact on the educational landscape. By choosing winners through independent panels of experts, the foundation ensures that recognition is based on merit and achievement, enhancing the credibility of its awards. Overall, the foundation's efforts are integral to enhancing the viability and future of the aerospace profession.




This information is meant to be a general summary of Aiaa Foundation. 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.

Revenue
$2,009,354 (2022)
Expenses
$2,464,492 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $939,676
  • Gross Receipts: $2,868,298

Assets and Liabilities:

  • Total Assets: $16,253,647
  • Total Liabilities: $106,409
  • Net Assets: $16,147,238

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Organization Details

Founding Year

1996

Principal Officer

Daniel L Dumbacher

Main Address

1700 SUNRISE VALLEY DR 200, RESTON, VA, 201915807

NTEE Category

Code: B82 - Education

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