Neaaat Foundation

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Support, aid,strengthen and further in every proper and useful way, the work and services of northeast academy for aerospace and advanced technologies and to help provide broader educational opportunities to its students, faculty, and staff.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-1466579) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $39K a year · 91% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
151.1 mo
of spending, in cash
151.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$59K
+118% vs prior year
Spent
$6K
To programs
100%
Net assets
$78K
By yearFY2022–FY2025
Revenue
$59K
FY2025▲ +118%
Tap a bar for its year
Revenue by fiscal year
FY2022$250
FY2023Not on file
FY2024$27K
FY2025$59K
Expenses
$6K
FY2025▲ +317%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$1K
FY2025$6K
Net assets
$78K
FY2025▲ +205%
Tap a bar for its year
Net assets by fiscal year
FY2022$250
FY2023$250
FY2024$26K
FY2025$78K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Neaaat Foundation executive salaries →

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 aerospace and advanced technology education, providing broader opportunities for students and staff.

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1 program · in their own filed words · FY2024
01

The purpose of the foundation is to support, aid, strengthen, and further in every proper and useful way the work and services of northeast academy for aerospace and advanced technologies and to help provide broader educational opportunities to its students, faculty, and staff.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-1466579) · Dispute this line
Pt IX · Ln 25 · col B

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
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$59K
Ln 12
Gifts and grantsLn 1h$58K
Investment incomeLn 3$1K
Money outPt IX
$6K
Ln 25
Programscol B$6K
Owns and owesPt X
$78K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$78K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Investment incomeLn 3$1K
Total revenueLn 12$59K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$42K
Cash and savings togetherLn 1–2$78K
Total assetsLn 16$78K
LiabilitiesLn 26$0
Net assetsLn 32$78K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$26K$78K
Total assetsLn 16$26K$78K
LiabilitiesLn 26$0$0
Net assetsLn 32$26K$78K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$123$123
Office expensesLn 13$368$368
Information technologyLn 14$234$234
Conferences, conventions and meetingsLn 19$216$216
Payments to affiliatesLn 21$339$339
InsuranceLn 23$1K$1K
Total functional expensesLn 25$6K$6K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 23, 2025 $59K$6K$53K$78K 990 PDF
FY2024Filed with the IRS Dec 23, 2025 $27K$1K$25K$26K 990 PDF
FY2023Filed with the IRS Mar 26, 2025 $250 990 PDF
FY2022Filed with the IRS Aug 8, 2024 $250$250 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $58,873 revenue, 12 lines filed
I-8 Contributions and grants$57,869
I-9 Program service revenue$0
I-10 Investment income$1,004
I-11 Other revenue$0
I-12 Total revenue$58,873
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$6,224
I-18 Total expenses$6,224
I-19 Revenue less expenses$52,649
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $58,873 across 4 lines filed
VIII-1f All other contributions, gifts and grants$57,869
VIII-1h Total contributions, gifts and grants$57,869
VIII-3 Investment incomeExcluded from tax $1,004$1,004
VIII-12 Total revenueExcluded from tax $1,004$58,873
Part IX · Statement of functional expenses $6,224 across 8 lines filed
IX-11b Legal feesPrograms $2,508$2,508
IX-11c Accounting feesPrograms $1,190$1,190
IX-11f Investment management feesPrograms $123$123
IX-13 Office expensesPrograms $368$368
IX-14 Information technologyPrograms $234$234
IX-19 Conferences, conventions and meetingsPrograms $216$216
IX-21 Payments to affiliatesPrograms $339$339
IX-23 InsurancePrograms $1,246$1,246
IX-25 Total functional expensesPrograms $6,224 · Management $0 · Fundraising $0$6,224
Part X · Balance sheet $78,382 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $5,732$36,367
X-2 Savings and temporary cash investmentsStart of year $20,001$42,015
X-16 Total assetsStart of year $25,733$78,382
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $25,733$78,382
X-32 Total net assets or fund balancesStart of year $25,733$78,382
X-33 Total liabilities and net assetsStart of year $25,733$78,382
Part XI · Reconciliation of net assets $78,382 net assets at year end
XI-1 Total revenue$58,873
XI-2 Total expenses$6,224
XI-3 Revenue less expenses$52,649
XI-4 Net assets at start of year$25,733
XI-10 Net assets at end of year$78,382

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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