Argonaut provides educational support and professional training services in the fields of aerospace and maritime. Our primary focus is our davis aerospace and maritime high school. Argonaut leverages our position a professional resource in the aerospace and maritime sectors to support and promote our students as they progress on their journey.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
0 of 4
filings with a surplus
Average deficit $105K a year · 12% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $103K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$342K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$497K
Spent
$653K
To programs
78%
Net assets
$196K
By yearFY2020–FY2024
Revenue
$497K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$497K
FY2021$816K
FY2022$418K
FY2024$1.6M
FY2024$1.2M
Expenses
$653K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$653K
FY2021$880K
FY2022$614K
FY2024$1.6M
FY2024$1.5M
Net assets
$196K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$196K
FY2021$132K
FY2022−$64K
FY2024−$88K
FY2024−$247K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2012.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $509K Management & general 16% · $102K Fundraising 6% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
$90,000Pt VII · Sec A
Director
$17,007Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Annemarie Grassi Amefia’s $239K as Former COO is at the 93rd percentile of top reported officer pay among 433 $1–10M public safety & disaster nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2021FY2020
Annemarie Grassi Amefia$239,288$121,966——
David Ferguson$109,000$99,367——
David a Ferguson——$82,500$90,000
Vicki Koziol———$17,007

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides unique learning and training for students and adults to improve education and public services.

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Provided by the organization

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3 programs · $509K · in their own filed words · FY2020
01

The Davis Aerospace & Maritime mission is to engage kids through a personalized, challenging curriculum with real world connections, internships with community partners, and anytime-anywhere learning, so they believe in their abilities, explore new oppportunities, and chart their own course.

$400Kprogram expense
02

Phastar Corp. worked vary hard for many years to bring an aerospace and maritime high school (Davis A & M) for its inaugural 9th grade class of roughly 60 students. Davis A & M is a Unique partnership between PHASTAR and the Cleveland Metropolitan school district (CMSD).

$100Kprogram expense
03

CMSD provides the core curriculum, while PHASTAR brings in the spcialized aerospace and maritime curriculum and learning opporturnities for students.

$9Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$497K
Ln 12
Gifts and grantsLn 1h$430K
Fees for servicesLn 2g$61K
Other incomeLn 4–11$5K
Money outPt IX
$653K
Ln 25
Programscol B$509K
Managementcol C$102K
Fundraisingcol D$42K
Owns and owesPt X
$196K
net assets · Ln 32
Cash and savingsLn 1–2$226K
Total assetsLn 16$539K
LiabilitiesLn 26$342K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$430K
Government grantsLn 1e$65K
Fees for servicesLn 2g$61K
Investment incomeLn 3$82
Other incomeLn 4–11$5K
Gains on assetsLn 7−$860
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$226K
Cash and savings togetherLn 1–2$226K
Land, buildings, equipmentLn 10c$293K
Total assetsLn 16$539K
LiabilitiesLn 26$342K
Net assetsLn 32$196K
OperationsPt I, VI
EmployeesI 528
VolunteersI 612
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 FY20End FY20
Cash and savingsLn 1–2$105K$226K
Land, buildings, equipmentLn 10c$315K$293K
Total assetsLn 16$443K$539K
LiabilitiesLn 26$96K$342K
Net assetsLn 32$347K$196K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$107K$44K$42K$21K
Other salaries and wagesLn 7$185K$168K$5K$12K
Other employee benefitsLn 9$11K$8K$2K$1K
Payroll taxesLn 10$27K$19K$4K$3K
Accounting feesLn 11c$11K$3K$7K
Advertising and promotionLn 12$9K$3K$2K$3K
Office expensesLn 13$8K$6K$2K
OccupancyLn 16$81K$49K$32K$564
TravelLn 17$7K$7K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$27K$24K$2K$1K
Other expenses (24a–d)Ln 24$115K$115K
All other expensesLn 24e$789$789
Total functional expensesLn 25$653K$509K$102K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6M$1.6M−$2K−$88K 990 PDF
FY2023 Not on file
FY2022 $418K$614K−$196K−$64K 990 PDF
FY2021 $816K$880K−$65K$132K 990 PDF
FY2020 Viewing $497K$653K−$157K$196K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $496,632 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $582,846$430,348
I-9 Program service revenuePrior year $43,793$61,462
I-10 Investment incomePrior year $14−$778
I-11 Other revenue$5,600
I-12 Total revenuePrior year $626,653$496,632
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $302,096$329,703
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $311,413$323,730
I-18 Total expensesPrior year $613,509$653,433
I-19 Revenue less expensesPrior year $13,144−$156,801
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $496,632 across 9 lines filed
VIII-1b Membership dues$27,962
VIII-1e Government grants$65,191
VIII-1f All other contributions, gifts and grants$337,195
VIII-1h Total contributions, gifts and grants$430,348
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,462$61,462
VIII-3 Investment incomeExcluded from tax $82$82
VIII-6 Net rental income or lossRelated to mission $5,600$5,600
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$860−$860
VIII-12 Total revenueRelated to mission $67,062 · Unrelated business $0 · Excluded from tax −$778$496,632
Part IX · Statement of functional expenses $653,433 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $44,350 · Management $41,906 · Fundraising $20,750$107,006
IX-7 Other salaries and wagesPrograms $167,569 · Management $5,375 · Fundraising $11,909$184,853
IX-9 Other employee benefitsPrograms $8,227 · Management $1,836 · Fundraising $1,268$11,331
IX-10 Payroll taxesPrograms $19,251 · Management $4,295 · Fundraising $2,967$26,513
IX-11c Accounting feesPrograms $3,256 · Management $7,353$10,609
IX-12 Advertising and promotionPrograms $3,338 · Management $1,962 · Fundraising $3,445$8,745
IX-13 Office expensesPrograms $5,800 · Management $2,147$7,947
IX-16 OccupancyPrograms $48,761 · Management $31,890 · Fundraising $564$81,215
IX-17 TravelPrograms $7,284$7,284
IX-20 InterestManagement $2,848$2,848
IX-22 Depreciation, depletion and amortizationPrograms $63,267$63,267
IX-23 InsurancePrograms $23,881 · Management $1,563 · Fundraising $1,080$26,524
IX-24 Other expenses (24a–d)Programs $114,502$114,502
IX-24e All other expensesManagement $789$789
IX-25 Total functional expensesPrograms $509,486 · Management $101,964 · Fundraising $41,983$653,433
Part X · Balance sheet $538,634 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $104,831$226,234
X-4 Accounts receivableStart of year $13,545$14,925
X-9 Prepaid expenses and deferred chargesStart of year $9,033$4,933
X-10c Land, buildings and equipment, netStart of year $315,202$292,542
X-16 Total assetsStart of year $442,611$538,634
X-17 Accounts payable and accrued expensesStart of year $8,609$33,355
X-19 Deferred revenue$17,000
X-24 Unsecured notes and loans payable$270,200
X-26 Total liabilitiesStart of year $95,787$342,174
X-27 Net assets without donor restrictionsStart of year $346,824$196,460
X-32 Total net assets or fund balancesStart of year $346,824$196,460
X-33 Total liabilities and net assetsStart of year $442,611$538,634
Part XI · Reconciliation of net assets $196,460 net assets at year end
XI-1 Total revenue$496,632
XI-2 Total expenses$653,433
XI-3 Revenue less expenses−$156,801
XI-4 Net assets at start of year$346,824
XI-8 Prior period adjustments$6,437
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$196,460

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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