Overview
What is The Aerospace Corporation?
The Aerospace Corporation, located in Los Angeles, California, serves as a vital partner to its primary customer, the Space Systems Command (SSC) under the Space Force. Acting as an architect-engineer for space systems, Aerospace assists with the development of space projects, from concept to deployment and operation. Their roles encompass engineering tasks, problem-solving, research, and analysis, often in collaboration with industrial contractors and government laboratories. The corporation's research focuses on military space systems, new concept studies, and the resolution of anomalies. With a workforce of over 5000 employees, they aim to minimize risks in space system development and operations, ensuring acquisition success and 100% mission success.
Official website here: www.aero.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Aerospace Corporation has received an 81% rating from Charity Navigator, which indicates a solid level of accountability and finance management. The organization scored particularly well in key areas such as board independence and financial oversight, demonstrating strong governance practices with a fully independent board and effective audit processes. The impressive program expense ratio of 94.85% suggests that a majority of its funds are directed towards its mission-related activities.
However, user reviews from platforms such as Great Nonprofits highlight significant concerns regarding workplace culture and ethical practices. Several former employees have reported issues with management, particularly regarding equity and treatment of women in the workplace, indicating potential shortcomings in the organization's commitment to diversity and inclusion. Allegations of unethical behavior and excessive executive compensation during times of employee layoffs further tarnish its reputation.
While The Aerospace Corporation shows strong financial health and governance, the negative feedback from individuals emphasizes the need for improvement in internal practices related to employee treatment and ethical standards. Addressing these issues could be crucial for enhancing its overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Aerospace Corporation legitimate?
The Aerospace Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Aerospace Corporation 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: $16,152,549
Professional Fundraising Fees: $0
Other Salaries and Wages: $731,979,695
For more financial information, click here
Official website here: www.aero.org
What is the mission statement of The Aerospace Corporation?
The Aerospace Corporation is dedicated to supporting the government and various customers in the development and operation of complex systems, primarily focusing on space technology. Their mission is to enhance effectiveness in space operations and end-user communities, contributing to successful acquisitions and 100% mission accomplishment. They act as an architect-engineer, handling engineering tasks from concept to deployment, ensuring risks are minimized, and problems areresolved in collaboration with industrial contractors and government laboratories. The corporation's research aims to advance military space systems, study new system concepts, and analyze technologies, all with the goal of reducing risks, protecting schedules, and containing costs.
Official website here: www.aero.org
Who is the CEO of The Aerospace Corporation?
E M Swallow is the President & Ceo of The Aerospace Corporation. The CEO's salary of The Aerospace Corporation is $1,588,867 and their total compensation is $1,813,476.
Official website here: www.aero.org
What is the revenue of The Aerospace Corporation?
The Aerospace Corporation's revenue in 2022 was $1,192,327,000.
Official website here: www.aero.org
Who are the executives of The Aerospace Corporation and what are their salaries?
The average compensation at The Aerospace Corporation during 2022 was $147,444. There are 5074 employees at The Aerospace Corporation.
Here are 48 key members and their salaries (The Aerospace Corporation's CEO's salary is $1,588,867 and their total compensation is $1,813,476):
- Compensation: $1,588,867
- Related: $0
- Other: $224,609
- Compensation: $1,219,516
- Related: $0
- Other: $395,129
- Compensation: $679,593
- Related: $0
- Other: $387,031
- Compensation: $669,495
- Related: $0
- Other: $329,101
- Compensation: $315,837
- Related: $0
- Other: $635,533
- Compensation: $669,908
- Related: $0
- Other: $273,453
- Compensation: $675,413
- Related: $0
- Other: $256,741
- Compensation: $753,320
- Related: $0
- Other: $162,616
- Compensation: $680,059
- Related: $0
- Other: $178,593
- Compensation: $692,649
- Related: $0
- Other: $152,355
- Compensation: $482,197
- Related: $0
- Other: $292,846
- Compensation: $643,376
- Related: $0
- Other: $109,957
- Compensation: $635,944
- Related: $0
- Other: $110,432
- Compensation: $538,724
- Related: $0
- Other: $129,087
- Compensation: $368,663
- Related: $0
- Other: $286,851
- Compensation: $505,233
- Related: $0
- Other: $144,818
- Compensation: $385,613
- Related: $0
- Other: $257,001
- Compensation: $520,149
- Related: $0
- Other: $113,348
- Compensation: $360,233
- Related: $0
- Other: $243,883
- Compensation: $370,851
- Related: $0
- Other: $193,709
- Compensation: $351,317
- Related: $0
- Other: $194,445
- Compensation: $448,890
- Related: $0
- Other: $62,859
- Compensation: $256,818
- Related: $0
- Other: $164,753
- Compensation: $342,383
- Related: $0
- Other: $55,488
- Compensation: $300,331
- Related: $0
- Other: $92,786
- Compensation: $285,790
- Related: $0
- Other: $46,951
- Compensation: $236,436
- Related: $0
- Other: $66,594
- Compensation: $233,309
- Related: $0
- Other: $51,846
- Compensation: $207,155
- Related: $0
- Other: $35,887
- Compensation: $94,065
- Related: $0
- Other: $16,330
- Compensation: $96,250
- Related: $0
- Other: $0
- Compensation: $56,500
- Related: $0
- Other: $0
- Compensation: $53,500
- Related: $0
- Other: $0
- Compensation: $51,250
- Related: $0
- Other: $0
- Compensation: $50,750
- Related: $0
- Other: $0
- Compensation: $50,500
- Related: $0
- Other: $0
- Compensation: $47,500
- Related: $0
- Other: $0
- Compensation: $45,750
- Related: $0
- Other: $0
- Compensation: $45,250
- Related: $0
- Other: $0
- Compensation: $44,750
- Related: $0
- Other: $0
- Compensation: $43,000
- Related: $0
- Other: $0
- Compensation: $34,250
- Related: $0
- Other: $0
- Compensation: $26,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $22,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aero.org
Where can I find the form 990 for The Aerospace Corporation?
The Aerospace Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aero.org
Learn more at the official website: www.aero.org
Mission Statement of The Aerospace Corporation
The Aerospace Corporation, with its mission to assist the government and other clients in the conception, design, acquisition, and operations of complex systems, including space systems, works tirelessly to enhance the effectiveness of space operations and end-user communities. By contributing to acquisition success and ensuring 100% mission success, this organization plays a crucial role in minimizing risks during system development and operation.
To accomplish this, The Aerospace Corporation functions as an architect-engineer for space systems. They work closely with industrial contractors and government laboratories to address engineering tasks, from initial concept and design through deployment and operation. Their efforts include analyzing alternatives, conducting tests, monitoring progress, and resolving problems to ensure the successful development and operation of space systems.
Additionally, The Aerospace Corporation conducts research at their laboratory, focusing on advancements in military space systems, feasibility studies of new system concepts, resolving anomalies, and analyzing domestic and foreign technologies. Through their architect-engineer role, they strive to reduce system development and operational risks, ultimately protecting acquisition schedules and aiding in cost containment.
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Impact
October, 2024
The Aerospace Corporation plays a crucial role in advancing the effectiveness of space operations and enhancing the capabilities of complex systems. By acting as an architect-engineer for space systems, the organization assists the government, particularly the Space Systems Command under the Space Force, throughout the entire lifecycle of space system development—from concept and design to deployment and operation.
The corporation’s contributions significantly impact mission success rates by closely monitoring progress, analyzing alternatives, and resolving issues in collaboration with industrial contractors and government laboratories. Its research initiatives focus on pioneering advancements in military space systems, conducting engineering feasibility studies for new concepts, and addressing anomalies, all while forecasting domestic and foreign technologies.
By striving to minimize developmental and operational risks, The Aerospace Corporation not only safeguards acquisition schedules but also helps contain costs, ensuring that both current and future space missions can achieve their objectives effectively. Their commitment to 100% mission success underscores the essential role they play in supporting and improving space operations for various end-user communities.
This information is meant to be a general summary of The Aerospace Corporation. 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: $548,749
- Program Service Revenue: $1,196,766,495
- Gross Receipts: $1,192,327,000
Assets and Liabilities:
- Total Assets: $881,530,000
- Total Liabilities: $664,484,450
- Net Assets: $217,045,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract income
Revenue
$1,196,766,495
Organization Details
Founding Year
1960
Phone
(310) 336-5000Principal Officer
E M Swallow
Main Address
PO Box 92957, Los Angeles, CA, 90009
Website
www.aero.orgNTEE Category
Code: U300 - Science research
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