Commercial Space Progress Foundation EIN 45-3763634 Form 990 (PDF) Claim this org

Commercial Space Progress Foundation FY2021 filing

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Promotes commercial space industry through education, programs, and activities. For fiscal year 2021 it reported $73K in revenue, $43K in expenses, and $468K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Las Cruces, NM
Filings
5 on file (2020–2021)
Revenue
$73KFY2021
Expenses
$43K
Net assets
$468K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3763634 Business league / trade association Las Cruces, NM
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Promotes commercial space industry through education, programs, and activities.
Leadership
Patricia Hynes · CEO and Dire · $25K
Money in and out
$73K revenue, $43K expenses
Bottom line
+42% operating surplus
Membership & operating revenue · FY2021
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$468K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $0.06 Management & general $0.94
Operating surplus
+42%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
64%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$73K
FY2021▲ ×25
Expenses
$43K
FY2021▲ +88%
Total assets
$468K
FY2021▲ +7%
Total liabilities
$0
FY2021
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$468K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$468K
Program-expense ratioPt IX · col B6%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $3K of program spending, described in the organization's own filed words · FY2021.
01

The purpose of the commercial space progress foundation is to provide activities, programs and educational and promotional opportunities related to the commercial space industry.

$3Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommercial Space Progress Foundation
EINHdr · item D45-3763634
Principal addressHdr · item CLas Cruces, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFOct 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and Dire
$25,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Patricia Hynes’s $43K as CEO and Director is at the 83rd percentile of top reported officer pay among 167 <$100K community development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Patricia Hynes$42,914$40,000$35,000$25,000

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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Statement of Revenue

Part VIII
Investment income100%$73K
Total revenueLn 12$73K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.06 Management & general $0.94
Program services6%$3K
Management & general94%$40K
Total functional expensesLn 25$43K

Balance Sheet

Part X · end of year
CashLn 1$64K
Total assetsLn 16$468K
Total liabilitiesLn 26$0
Total net assetsLn 32$468K
Months of cash on handcomputed18.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $462K · Operating expenses/yr $43K
129.4 months
Where the money goes
Program services
Program services $3K · Total expenses $43K
6%
Management & General
Management & general $40K · Total expenses $43K
94%
Fundraising
Fundraising $0 · Total expenses $43K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $73K
0%
Government reliance
Government grants — · Total revenue $73K
Earned-income share
Program service revenue $0 · Total revenue $73K
0%
Investment reliance
Investment income $73K · Total revenue $73K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $43K
0%
Growth & trend
Revenue growth (YoY)
This year $73K · Prior year $3K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $468K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $73K · Expenses $43K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $468K
Net-asset ratio
Net assets $468K · Total assets $468K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $398K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $468K
85%
People & payroll
Highest Reported Total Compensation
Individual Patricia Hynes · Reported title CEO AND DIRE · Highest reported compensation $25K · Total expenses $43K
58%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $27K · Total expenses $43K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 6%
Overhead ratio 94%
Revenue growth ×25
Investment management fee ratio 0.6%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$84K revenue · ⤓ 990 PDF
FY2023$63K revenue · ⤓ 990 PDF
FY2022$-7K revenue · ⤓ 990 PDF
FY2021$73K revenue · viewing · ⤓ 990 PDF
FY2020$3K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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