Commercial Spaceflight Federation

Washington, DCUnknown exempt organization EIN 33-1130927Revenue $1.3M in FY2024

On file with the IRScommercialspaceflight.org1444 Eye St Nw 410 · Washington, DC

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To promote the common business interests of the private space transportation industry.

$751K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $36K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$751K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$563K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-10% vs prior year
Spent
$1.5M
Net assets
$396K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$726K
FY2022$1.2M
FY2023$1.5M
FY2024$1.3M
Expenses
$1.5M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$853K
FY2021$847K
FY2022$1.1M
FY2023$1.4M
FY2024$1.5M
Net assets
$396K
FY2024▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2020$369K
FY2021$384K
FY2022$540K
FY2023$593K
FY2024$396K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

26 people listed on the 990; $751K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Space Policy
$187,280Pt VII · Sec A
President - from 6/2024
$169,167Pt VII · Sec A
VP of Regulatory Affairs
$142,280Pt VII · Sec A
President - Until 6/2024
$139,792Pt VII · Sec A
Director of Events
$112,280Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Karina Drees—$235,000$235,000——
Karina Quelet———$230,481—
Eric Stallmer————$220,464
Mary Guenther$187,280$179,167$142,500——
David Cavossa$169,167————
Isaiah Wonnenberg$142,280————
Karina Drees-Quelet$139,792————
Thomas Sanford———$137,150$114,996

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for the private space transportation industry's shared business goals.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Recruited several new member companies to expand the organization. Hosted monthly CSF industry council meetings for the membership as well as cohosted a conference with faa with over 350 attendees.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$1K
Grants paid · 1 grant · $8K · 2024–2024
Unitemized GrantFY2024$7,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$174K
Other incomeLn 4–11$851
Money outPt IX
$1.5M
Ln 25
Owns and owesPt X
$396K
net assets · Ln 32
Cash and savingsLn 1–2$469K
Total assetsLn 16$959K
LiabilitiesLn 26$563K
PeoplePt VI, VII
26
listed · VII A
PaidVII A5
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$174K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$60
Other incomeLn 4–11$851
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$168K
SavingsLn 2$301K
Cash and savings togetherLn 1–2$469K
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$361K
Total assetsLn 16$959K
LiabilitiesLn 26$563K
Net assetsLn 32$396K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$541K$469K
Land, buildings, equipmentLn 10c$30K$27K
Total assetsLn 16$1.1M$959K
LiabilitiesLn 26$502K$563K
Net assetsLn 32$593K$396K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K
Pay of current officers, directors and key staffLn 5$317K
Other salaries and wagesLn 7$478K
Pension plan contributionsLn 8$6K
Other employee benefitsLn 9$33K
Payroll taxesLn 10$65K
Legal feesLn 11b$4K
Accounting feesLn 11c$40K
Lobbying feesLn 11d$13K
Other fees for servicesLn 11g$19K
Advertising and promotionLn 12$3K
Office expensesLn 13$52K
Information technologyLn 14$18K
OccupancyLn 16$85K
TravelLn 17$34K
Conferences, conventions and meetingsLn 19$339K
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$909
Total functional expensesLn 25$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.5M−$200K$396K 990 PDF
FY2023 $1.5M$1.4M$99K$593K 990 PDF
FY2022 $1.2M$1.1M$156K$540K 990 PDF
FY2021 $726K$847K−$121K$384K 990 PDF
FY2020 $1.1M$853K$245K$369K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,321,451 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,000$174,000
I-9 Program service revenuePrior year $1,303,569$1,146,540
I-10 Investment incomePrior year $55$60
I-11 Other revenuePrior year $6,426$851
I-12 Total revenuePrior year $1,468,050$1,321,451
I-13 Grants and similar amounts paidPrior year $6,000$7,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $775,331$898,640
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $587,475$615,110
I-18 Total expensesPrior year $1,368,806$1,521,250
I-19 Revenue less expensesPrior year $99,244−$199,799
Part VI · Governance 21 of 21 board members independent, 2 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,321,451 across 6 lines filed
VIII-1f All other contributions, gifts and grants$174,000
VIII-1h Total contributions, gifts and grants$174,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,146,540$1,146,540
VIII-3 Investment incomeExcluded from tax $60$60
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $851$851
VIII-12 Total revenueRelated to mission $1,147,391 · Unrelated business $0 · Excluded from tax $60$1,321,451
Part IX · Statement of functional expenses $1,521,250 across 18 lines filed
IX-2 Grants to domestic individuals$7,500
IX-5 Pay of current officers, directors and key staff$316,778
IX-7 Other salaries and wages$477,737
IX-8 Pension plan contributions$5,588
IX-9 Other employee benefits$33,333
IX-10 Payroll taxes$65,204
IX-11b Legal fees$4,125
IX-11c Accounting fees$39,660
IX-11d Lobbying fees$12,806
IX-11g Other fees for services$18,905
IX-12 Advertising and promotion$2,947
IX-13 Office expenses$52,082
IX-14 Information technology$18,196
IX-16 Occupancy$85,210
IX-17 Travel$34,372
IX-19 Conferences, conventions and meetings$339,234
IX-22 Depreciation, depletion and amortization$6,664
IX-23 Insurance$909
IX-25 Total functional expenses$1,521,250
Part X · Balance sheet $958,788 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $240,251$167,722
X-2 Savings and temporary cash investmentsStart of year $301,135$301,195
X-4 Accounts receivableStart of year $36,183$60,608
X-9 Prepaid expenses and deferred chargesStart of year $69,126$42,086
X-10c Land, buildings and equipment, netStart of year $30,493$26,656
X-15 Other assetsStart of year $417,983$360,521
X-16 Total assetsStart of year $1,095,171$958,788
X-17 Accounts payable and accrued expensesStart of year $29,256$22,584
X-19 Deferred revenueStart of year $42,058$162,843
X-25 Other liabilitiesStart of year $431,185$377,660
X-26 Total liabilitiesStart of year $502,499$563,087
X-27 Net assets without donor restrictionsStart of year $592,672$395,701
X-32 Total net assets or fund balancesStart of year $592,672$395,701
X-33 Total liabilities and net assetsStart of year $1,095,171$958,788
Part XI · Reconciliation of net assets $395,701 net assets at year end
XI-1 Total revenue$1,321,451
XI-2 Total expenses$1,521,250
XI-3 Revenue less expenses−$199,799
XI-4 Net assets at start of year$592,672
XI-8 Prior period adjustments$2,828
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$395,701

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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