Overview
What is Limitless Space Institute Inc?
Limitless Space Institute Inc, situated in Houston, Texas, is a nonprofit organization with a mission to inspire and educate the next generation to venture beyond our solar system. They achieve this goal through various initiatives, including conducting in-house basic research at their Eagleworks Laboratories near Johnson Space Center, funding academia-led projects through grants, and collaborating with university partners for advanced research. Furthermore, Limitless Space Institute awards scholarships and fellowships for undergraduate, graduate, and postdoc students, as well as providing Lab Boosters to K-12 education initiatives focusing on bold space exploration. The institute's total workforce counts 5 dedicated individuals.
Official website here: www.limitlessspace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Limitless Space Institute Inc has received a score of 77%, indicating a solid performance in terms of accountability and finance. The rating is based solely on the Accountability & Finance score, which highlights the organization's commitment to financial management and transparency. The absence of financial statements is noted as a limitation, which can impact the overall assessment of the organization’s financial health.
Strengths include a fully independent board, with all 10 members meeting the criteria for independence. The organization also demonstrates a strong program expense ratio of 78.3%, indicating that a significant portion of its expenses is directed toward its programs rather than administrative costs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, showcasing effective asset management.
However, the lack of certain policies, such as a whistleblower policy and a document retention and destruction policy, may raise concerns regarding governance practices. While the organization shows strength in several areas, addressing these limitations could enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Limitless Space Institute Inc legitimate?
Limitless Space Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Limitless Space Institute 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: $482,757
Professional Fundraising Fees: $0
Other Salaries and Wages: $243,825
For more financial information, click here
Official website here: www.limitlessspace.org
What is the mission statement of Limitless Space Institute Inc?
The Limitless Space Institute Inc, being a non-profit organization, is dedicated to inspiring and educating the upcoming generation to venture beyond our solar system. Its primary mission is to conduct research and develop enabling technologies for deep space exploration. The institution accomplishes this goal through various student-engaging programs such as internal R&D at the Eagleworks Laboratories near Johnson Space Center, funding academia-led R&D projects through grants, collaborating with university partners, offering scholarships and fellowships for students, and awarding lab boosters to K-12 education initiatives focused on bold space exploration. The Limitless Space Institute Inc aims to advance the pursuit of relevant deep space exploration research and development.
Official website here: www.limitlessspace.org
Who is the CEO of Limitless Space Institute Inc?
Brian Kelly is the Executive Chairman of Limitless Space Institute Inc.
Official website here: www.limitlessspace.org
What is the revenue of Limitless Space Institute Inc?
Limitless Space Institute Inc's revenue in 2022 was $1,813,841.
Official website here: www.limitlessspace.org
Who are the executives of Limitless Space Institute Inc and what are their salaries?
The average compensation at Limitless Space Institute Inc during 2022 was $145,316. There are 5 employees at Limitless Space Institute Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $240,000
- Related: $0
- Other: $0
- Compensation: $242,757
- Related: $0
- Other: $0
Official website here: www.limitlessspace.org
Where can I find the form 990 for Limitless Space Institute Inc?
Limitless Space Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.limitlessspace.org
Learn more at the official website: www.limitlessspace.org
Mission Statement of Limitless Space Institute Inc
Limitless Space Institute, a non-profit organization, is dedicated to inspiring and educating the upcoming generation to venture beyond our solar system. Its mission is twofold: firstly, it aims to conduct relevant research and develop enabling technologies for deep space exploration. Secondly, it seeks to engage students in this pursuit through various programs.
The institution carries out its research and development activities through three primary student-focused programs: Internal R&D, External R&D, and Collaborative R&D. Internal R&D involves conducting basic research in-house at the Eagleworks Laboratories near Johnson Space Center. External R&D funds academia-led R&D projects through grants. Collaborative R&D advances research in partnership with university partners.
In addition to these research initiatives, Limitless Space Institute offers scholarships and fellowships for undergraduate, graduate, and postdoc students. The organization also awards Lab Boosters to K-12 education initiatives focused on bold space exploration. These programs are designed to encourage and support the next generation of space explorers and researchers.
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Impact
July, 2024
Limitless Space Institute Inc is making a significant impact by inspiring and educating the next generation to explore beyond our solar system and develop enabling technologies. Through various student-engaging programs such as internal research and development at Eagleworks Laboratories, funding academia-led projects, collaborating with university partners, awarding scholarships and fellowships, and supporting K-12 education initiatives focused on space exploration, Limitless Space Institute is actively advancing the pursuit of deep space exploration research and development. Their efforts are not only shaping the future of space exploration but also empowering students to be a part of groundbreaking discoveries in the field.
This information is meant to be a general summary of Limitless Space Institute 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.
- Gross Receipts: $1,813,841
Assets and Liabilities:
- Total Assets: $622,483
- Total Liabilities: $0
- Net Assets: $622,483
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Organization Details
Founding Year
2019
Phone
(281) 339-7800Principal Officer
Brian Kelly
Main Address
16441 SPACE CENTER BLVD BLDG D, HOUSTON, TX, 77058
Website
www.limitlessspace.orgNTEE Category
Code: B99 - Education
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