Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
15 people listed on the 990.
Daniel L Dumbacher’s $488K as Executive Director/Secretary (outgoing Fy25) is at the 99th percentile of top reported officer pay among 3395 $1–10M education 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.
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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 15aNo
Programs and updates
Supports education for aerospace professionals.
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Education-the aiaa foundation provides financial support for undergraduate and graduate scholarships, student technical paper conferences, aerospace design competitions and awards for outstanding achievement in various aerospace fields, promotes k-12 and college stem activity, provides grants and educator achievement awards to educators…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $363K | $317K |
| InvestmentsLn 11–13 | $15.9M | $17.3M |
| Total assetsLn 16 | $16.3M | $17.6M |
| LiabilitiesLn 26 | $106K | $271K |
| Net assetsLn 32 | $16.1M | $17.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $275K | $275K | ||
| Grants to domestic individualsLn 2 | $82K | $82K | ||
| Grants and assistance to foreign recipientsLn 3 | $20K | $20K | ||
| Legal feesLn 11b | $8K | $8K | ||
| Investment management feesLn 11f | $25K | $23K | $2K | |
| Other fees for servicesLn 11g | $417K | $417K | ||
| Advertising and promotionLn 12 | $16K | $12K | $132 | $5K |
| Office expensesLn 13 | $47K | $23K | $7K | $16K |
| TravelLn 17 | $193K | $185K | $8K | |
| Conferences, conventions and meetingsLn 19 | $286K | $274K | $12K | |
| Other expenses (24a–d)Ln 24 | $392K | $190K | $190K | $13K |
| All other expensesLn 24e | $219 | $101 | $118 | |
| Total functional expensesLn 25 | $1.8M | $1.5M | $218K | $42K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $1.2M | $1.2M | $75K | $20.9M | 990 PDF |
| FY2023 Viewing | $1.4M | $1.8M | −$362K | $17.3M | 990 PDF |
| FY2022 | $2.0M | $2.5M | −$455K | $16.1M | 990 PDF |
| FY2021 | $4.8M | $811K | $4.0M | $21.9M | 990 PDF |
| FY2020 | $1.4M | $703K | $670K | $17.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,398,786 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 4 to look at
Part VIII · Statement of revenue $1,398,786 across 5 lines filed
Part IX · Statement of functional expenses $1,761,214 across 12 lines filed
Part X · Balance sheet $17,616,655 assets, 11 lines filed
Part XI · Reconciliation of net assets $17,345,336 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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