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Ohio Aerospace Institute

Brookpark, OH · EIN 34-1621676 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Ohio Aerospace Institute reported $24.2 million in revenue and $23.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.35 went to program services, $6.65 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.6% of the total. Revenue rose 74% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $23M

For context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $24M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 192 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
93.3%83.2%
Management & general
Part IX 25(C) ÷ 25(A)
6.7%15.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.6%51.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.2%
Program service revenue share
Part VIII 2g ÷ 12
97.6%19.2%
Highest reported compensation
Part VII-A, columns D–F
Not reported$513,729
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
Not reported1.72%
People paid over $100,000
Part VII, line 2
Not reported27
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.714.7
Independent voting board members
Part VI 1a–1b
6 of 794.3%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$22M expenses · 100.0% of program spending · grants $1.9M · revenue $24M

Aerospace research with specialized research teams in the areas of computational modeling, materials, structures, vehicle health monitoring and safety and space science and exploration technologies. Building and managing collaboration, consortia and publicprivate partnership neutral. Unbiased management. Workforce development: internships, scholarship, visiting faculty, short courses, education outreach, student and faculty engagement with industry and federal labs. Economic based technology development, transfer ano commercialization and leveraging aerospace network (Ohio Aerospace industry…

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$24M$23M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$24M$23M93.3%$7.2M—
FY2024 ⓘ$17M$17M89.7%$6.2M$341,969
FY2023 ⓘ$8.3M$9.2M80.6%$6.2M$354,695
FY2022 ⓘ$8.8M$8.8M82.1%$5.5M$394,649
FY2021 ⓘ$10M$10M85.3%$5.5M$348,792
FY2020 ⓘ$14M$14M88.5%$5.9M$335,817

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
TKE (TK ELEVATOR CORP)
Elevator
$240,857
THE GEOPFERT COMPANY
Boilers
$173,596
REDBIRD FLIGHT SIMULATIONS
Flight simulato
$153,766
MCCAULLEY & COMPANY LLC
Strategic plann
$120,000

Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Ohio Aerospace Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ohio Aerospace Institute, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All science & technology charities · Largest charities in Ohio

Questions people ask

How much of Ohio Aerospace Institute's spending goes to programs?

In the fiscal year ending June 30, 2025, Ohio Aerospace Institute reported that 93.3% of its $23.2 million in expenses went to program services, 6.7% to management and general and 0.0% to fundraising (Form 990, Part IX).

Where does Ohio Aerospace Institute get its money?

Of $24.2 million in revenue in the fiscal year ending June 30, 2025, 0.6% came from contributions and grants and 97.6% from program service revenue (Form 990, Part VIII).

Is Ohio Aerospace Institute a registered charity?

The IRS lists EIN 34-1621676 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349308876 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349312710 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349306340 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349313859 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200969349301045 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111329349302191 · read the filing

All filings for EIN 34-1621676: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.