Commercial Space Progress Foundation FY2022 filing

Not tax-deductible

Las Cruces, NM501(c)(6)Community DevelopmentEIN 45-3763634

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

4¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 5
filings with a surplus
Average deficit $5K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
4%
of spending
Concern: 4% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 71% of spending
Concern: pay to officers and key staff is 71% of spending; over 30%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$7K
-110% vs prior year
Spent
$49K
To programs
4%
Net assets
$399K
By yearFY2020–FY2024
Revenue
−$7K
FY2022▼ -110%
Revenue by fiscal year
FY2020$3K
FY2021$73K
FY2022−$7K
FY2023$63K
FY2024$84K
Expenses
$49K
FY2022▲ +15%
Expenses by fiscal year
FY2020$23K
FY2021$43K
FY2022$49K
FY2023$57K
FY2024$69K
Net assets
$399K
FY2022▼ -15%
Net assets by fiscal year
FY2020$438K
FY2021$468K
FY2022$399K
FY2023$426K
FY2024$449K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2014-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CCommercial Space Progress Foundation
EINHdr · item D45-3763634
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFOct 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CLas Cruces, NM
NTEE classificationIRS BMFCommunity Development (S41)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.04 Management & general $0.96
Program services4%$2K
Management & general96%$47K
Total functional expensesLn 25$49K

Finances

Money in and out, what it owns and owes

Payroll share
77%
of spending is salaries & benefits
Program spending
4%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$407K
FY2022▼ -13%
Total assets by fiscal year
FY2020$438K
FY2021$468K
FY2022$407K
FY2023$426K
FY2024$449K
Total liabilities
$8K
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$8K
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$56K
Total assetsPt X · Ln 16$407K
Spent on programsPt IX · col B4%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$407K
Total liabilitiesLn 26$8K
Total net assetsLn 32$399K
Months of cash on handcomputed11.0
Total revenueLn 12−$7K

Money in detail

Form 990 · FY2022 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $407K · Operating expenses/yr $49K
99.4 months
Where the money goes
Program services
Program services $2K · Total expenses $49K
4%
Management & General
Management & general $47K · Total expenses $49K
96%
Fundraising
Fundraising $0 · Total expenses $49K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue −$7K
—
Government reliance
Government grants — · Total revenue −$7K
—
Earned-income share
Program service revenue $4K · Total revenue −$7K
—
Investment reliance
Investment income −$12K · Total revenue −$7K
—
Program self-sufficiency
Program service revenue $4K · Total expenses $49K
9%
Growth & trend
Revenue change from last year
This year −$7K · Prior year $73K
-110%
Net assets change over the year
End of year $399K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue −$7K · Expenses $49K
—
Debts compared to what it owns
Total liabilities — · Total assets $407K
—
Net assets compared to what it owns
Net assets $399K · Total assets $407K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $362K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $407K
89%
People & payroll
Highest Reported Total Compensation
Individual Patricia Hynes · Reported title CEO AND DIRE · Highest reported compensation $35K · Total expenses $49K
71%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $49K
77%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 4%——
Spent on management, % of spending 96%——
Revenue growth -110%——
Investment manager fees, % of assets 0.6%——
Accounting fees, % of spending 4%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and Dire
$35,000Pt 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 168 <$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.

See Commercial Space Progress Foundation executive salaries →

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes commercial space industry through education, programs, and activities.

Provided by the organization

This section is blank until Commercial Space Progress Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $2K of program spending, described in the organization's own filed words · FY2022.
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.

$2Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $84K$69K+33% 990 PDF
FY2023 $63K$57K×11 990 PDF
FY2022 Viewing −$7K$49K-110% 990 PDF
FY2021 $73K$43K×25 990 PDF
FY2020 $3K$23K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue −$7,289 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,334$4,334
VIII-3 Investment incomeRelated to mission $3,976$3,976
VIII-7 Net gain or loss on sales of assetsRelated to mission −$15,599−$15,599
VIII-12 Total revenueRelated to mission −$7,289−$7,289
Part IX · Statement of functional expenses $49,151 across 8 lines filed
IX-5 Pay of current officers, directors and key staffManagement $35,000$35,000
IX-10 Payroll taxesManagement $2,840$2,840
IX-11c Accounting feesManagement $2,170$2,170
IX-11f Investment management feesManagement $2,471$2,471
IX-13 Office expensesManagement $767$767
IX-18 Travel and entertainment for public officialsManagement $2,388$2,388
IX-23 InsuranceManagement $1,650$1,650
IX-24 Other expenses (24a–d)Programs $1,865$1,865
IX-25 Total functional expensesPrograms $1,865 · Management $47,286 · Fundraising $0$49,151
Part X · Balance sheet $407,027 assets, 9 lines filed
X-1 Cash, non-interest-bearing$3
X-2 Savings and temporary cash investmentsStart of year $64,112$44,889
X-11 Publicly traded securitiesStart of year $398,222$362,135
X-16 Total assetsStart of year $468,326$407,027
X-25 Other liabilities$8,355
X-26 Total liabilitiesStart of year $0$8,355
X-27 Net assets without donor restrictionsStart of year $468,326$398,672
X-32 Total net assets or fund balancesStart of year $468,326$398,672
X-33 Total liabilities and net assetsStart of year $468,326$407,027
Part XI · Reconciliation of net assets $398,672 net assets at year end
XI-1 Total revenue−$7,289
XI-2 Total expenses$49,151
XI-3 Revenue less expenses−$56,440
XI-4 Net assets at start of year$468,326
XI-5 Net unrealized gains (losses) on investments−$13,214
XI-10 Net assets at end of year$398,672

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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