2024-01-23T12:41:12-06:00 2022-12-31 593023516 BKHM PA 1900 SUMMIT TOWER BLVD STE 170 ORLANDO FL 32810 990 2022-01-01 592448775 ASTRONAUT SCHOLARSHIP FOUNDATION INC ASTR 4073627900 651 DANVILLE DRIVE ORLANDO FL 32825 CAROLINE SCHUMACHER PRESIDENT/CEO 4073627900 2024-01-23 1 CAROLINE SCHUMACHER 999009999 0 GEORGE K MCNEMAR P01775038 4079989000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAROLINE SCHUMACHER 651 DANVILLE DRIVE ORLANDO FL 32825 20061074 0 X WWW.ASTRONAUTSCHOLARSHIP.ORG X 1984 FL THE ORGANIZATION AIDS THE UNITED STATES IN RETAINING WORLD LEADERSHIP IN TECHNOLOGY AND INNOVATION BY SUPPORTING THE VERY BEST AND BRIGHTEST SCHOLARS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS WHILE COMMEMORATING THE LEGACY OF AMERICA'S PIONEERING ASTRONAUTS. 20 19 12 200 0 0 2061014 1107247 181669 274500 385554 3096538 164024 -74456 2792261 4403829 684422 771826 0 0 770994 833958 0 0 169758 434547 443834 1889963 2049618 902298 2354211 16533664 14029682 154227 64043 16379437 13965639 TO AID THE UNITED STATES IN RETAINING ITS WORLD LEADERSHIP IN TECHNOLOGY AND INNOVATION BY SUPPORTING THE VERY BEST AND BRIGHTEST SCHOLARS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS WHILE COMMEMORATING THE LEGACY OF AMERICA'S PIONEERING ASTRONAUTS. 0 0 1699351 771826 305333 THE ORGANIZATION AIDS THE UNITED STATES IN RETAINING ITS WORLD LEADERSHIP IN SCIENCE AND TECHNOLOGY BY (I) PROVIDING SCHOLARSHIPS TO TOP COLLEGE STUDENTS WHO EXHIBIT MOTIVATION, IMAGINATION, AND EXCEPTIONAL PERFORMANCE IN THE SCIENCE OR ENGINEERING FIELD OF THEIR MAJOR, AND (II) FACILITATING PROGRAMS TO EDUCATE THE GENERAL PUBLIC ON THE IMPORTANCE OF SCIENCE AND TECHNOLOGY, AND SPACE EXPLORATION IN PARTICULAR. 1699351 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 12 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X CAROLINE SCHUMACHER 4073627900 651 DANVILLE DRIVE ORLANDO FL 32825 CURTIS BROWN CHAIRMAN 8.00 X X 0 0 0 LISA SCHOTT VICE CHAIRMAN 10.00 X X 0 0 0 MICHAEL NEUKAMM SECRETARY 4.00 X X 0 0 0 ERIC MOLESKI TREASURER 5.00 X X 0 0 0 KEVIN CHILTON DIRECTOR 0.50 X 0 0 0 SCOTT ALTMAN EXECUTIVE COMMITTEE 3.00 X 0 0 0 LARRY BRADLEY DIRECTOR 2.00 X 0 0 0 DAN BRANDENSTEIN DIRECTOR 5.00 X 0 0 0 RICHARD COVEY DIRECTOR 3.00 X 0 0 0 CHRIS FERGUSON DIRECTOR 1.00 X 0 0 0 CHARLIE PRECOURT DIRECTOR 1.50 X 0 0 0 BREWSTER SHAW DIRECTOR 1.00 X 0 0 0 KATHRYN THORNTON DIRECTOR 1.50 X 0 0 0 CAROLINE SCHUMACHER PRESIDENT/CEO 40.00 X X 148599 0 0 BERNARD HARRIS DIRECTOR 1.50 X 0 0 0 JANET KAVANDI DIRECTOR 1.00 X 0 0 0 JESS BLOMBERG DIRECTOR 2.00 X 0 0 0 RICK ARMSTRONG DIRECTOR 1.00 X 0 0 0 JAMES LOVELL CHAIRMAN EMERITUS 2.00 X 0 0 0 CAITLIN MACKEY DRISCOLL DIRECTOR 2.00 X 0 0 0 ADERO PAIGE DIRECTOR 2.00 X 0 0 0 148599 0 0 1 0 0 0 0 1107247 107680 1107247 SUPPORT SERVICE FEES 900099 250000 250000 THIRD PARTY SPEAKING EVENTS 900009 24500 24500 274500 284420 284420 17845739 15033621 2812118 2812118 2812118 512946 618235 -105289 -105289 36222 5389 30833 30833 4403829 305333 0 2991249 771826 771826 148599 111449 14860 22290 560420 420315 56042 84063 16762 12572 1676 2514 47056 35292 4706 7058 61121 45841 6112 9168 3234 2426 323 485 17751 13313 1775 2663 31003 31003 148008 111006 14800 22202 18485 16636 1849 63593 35199 21354 7040 32749 18127 10997 3625 5167 3875 517 775 1921 1921 4249 2352 1427 470 SCHOLARSHIP AWARD CEREM 46114 46114 BAD DEBT EXPENSE 13550 7500 4550 1500 PROFESSIONAL DEVELOPMEN 13080 13080 CREDIT CARD FEES 11433 6328 3839 1266 33497 26100 4607 2790 2049618 1699351 180509 169758 1096008 860335 2533536 209974 709158 693359 131139 84296 100000 38156 30498 28430 25367 3061 3063 12020523 12046574 2083 1583 16533664 14029682 152227 64043 2000 0 154227 64043 X 13534769 11723123 2844668 2242516 16379437 13965639 16533664 14029682 2354211 -4768010 0 X 0 1 X 1 0 X 1289419 1027652 2833101 2012784 1078996 8241952 387014 760228 615587 661010 851919 3275758 1676433 1787880 3448688 2673794 1930915 11517710 0 0 0 11517710 247629 240324 198769 170180 284420 1141322 247629 240324 198769 170180 284420 1141322 1924062 2028204 3647457 2843974 2215335 12659032 0.90980 0.90670 0.09020 0.09330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 809390 25000 -87892 746498 645609 79373 84408 809390 591047 1000 53562 645609 504970 5000 81077 591047 291521 141200 80449 8589 504970 0.24519 0.34868 0.40613 0 0 16580 13517 3063 11850 11850 0 3063 X 228440 -4768010 623624 -4144386 4372826 31003 31003 4403829 2642238 623624 623624 2018614 31003 31003 2049617 PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ANNUAL DISBURSEMENTS ARE LIMITED TO THE DIVIDENDS, INTEREST AND SIMILAR AMOUNTS EARNED ON THE ENDOWMENTS AND MAY BE DISBURSED AT THE FULL DISCRETION OF THE FOUNDATION, AS THE DONORS SPECIFIED. UNUSED EARNINGS ARE ADDED BACK TO THE PRINCIPAL TO PROMOTE GROWTH AND PROTECT AGAINST INFLATION. PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS ADOPTED GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION THAT AN ENTITY TAKES OR EXPECTS TO TAKE IN A TAX RETURN. THIS GUIDANCE IS APPLICABLE TO NOT-FOR-PROFIT ORGANIZATIONS THAT MAY BE CONDUCTING UNRELATED BUSINESS ACTIVITIES, WHICH ARE POTENTIALLY SUBJECT TO INCOME TAXES, INCLUDING STATE INCOME TAXES. THE FOUNDATION ASSESSES ITS INCOME TAX POSITIONS, INCLUDING ITS CONTINUING TAX STATUS AS A NOT-FOR-PROFIT ENTITY, AND RECOGNIZES TAX BENEFITS ONLY TO THE EXTENT THAT THE FOUNDATION BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON AN EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR THE APPLICABLE STATE TAXING AUTHORITY. ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL INCOME TAXES IN THE FOUNDATION'S FINANCIAL STATEMENTS, AS THE FOUNDATION BELIEVES ALL TAX POSITIONS, INCLUDING ITS CONTINUING STATUS AS A NOT-FOR-PROFIT ENTITY, HAVE A GREATER THAN 50% CHANCE OF REALIZATION IN THE EVENT OF AN IRS AUDIT. STATE INCOME TAXES, WHICH MAY BE DUE IN CERTAIN JURISDICTIONS, HAVE BEEN ASSESSED FOLLOWING THE SAME "MORE LIKELY THAN NOT" MEASUREMENT THRESHOLD. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED WITH REVENUE 618,235. ONLINE STORE EXPENSES 5,389. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 31,003. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED WITH REVENUE 618,235. ONLINE STORE EXPENSES 5,389. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 31,003. INNOVATORS WEEKEND 205013 205013 67133 135331 50842 US ASTRONAUT HALL OF FAME FEATURING 169972 169972 124337 74018 8909 2 137961 137961 44242 86908 26515 512946 512946 235712 296257 86266 618235 -105289 1 SCHOLARSHIPS 68 771826 PART I, LINE 2: THE ORGANIZATION AWARDS SCHOLARSHIP TO THE BEST AND BRIGHTEST UPPERCLASSMEN. THE FUNDS ARE SENT TO THE SCHOOLS TO DISBURSE TO THE APPLICABLE INDIVIDUALS. AS A FINAL STEP IN THE PROCESS, THE ORGANIZATION ENSURES THE FUNDS CLEAR THE BANK, TO CONFIRM THAT THE FUNDS WERE APPROPRIATELY DISBURSED. X 1 7680 AUDIT REVIEWED DOCUMENTS X 1 100000 AUDIT REVIEWED DOCUMENTS 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE ORGANIZATION'S FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM BASED ON INFORMATION RESULTING FROM THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION PROVIDED BY THE ORGANIZATION TO SUCH ACCOUNTING FIRM. THE DRAFT OF THE FORM 990 IS THEN REVIEWED BY THE ORGANIZATION'S PRESIDENT/CEO AND TREASURER. THE ACCOUNTING FIRM THEN PREPARES A SECOND DRAFT OF THE FORM 990 TO ADDRESS ANY COMMENTS OR ISSUES RAISED BY THE ORGANIZATION'S PRESIDENT/CEO AND TREASURER. THIS SECOND DRAFT OF THE FORM 990 IS THEN SUBMITTED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS A COMMITTEE COMPRISED ENTIRELY OF MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS, AND IS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS (PURSUANT TO AUTHORITY GRANTED IN THE ORGANIZATION'S BYLAWS). PURSUANT TO THE ORGANIZATION'S BYLAWS, THE EXECUTIVE COMMITTEE IS GRANTED THE POWER AND AUTHORITY TO TAKE ACTION ON BEHALF OF THE ORGANIZATION IN THE SAME MANNER AND TO THE SAME EXTENT AS THE ORGANIZATION'S BOARD OF DIRECTORS (EXCEPT FOR CERTAIN SPECIFIED LIMITATIONS ON AUTHORITY NOT RELEVANT FOR THIS PURPOSE). AT THAT POINT, A FINAL DRAFT OF THE FORM 990 IS PREPARED BY THE ACCOUNTING FIRM AND THE FORM 990 IS THEN SIGNED BY THE ORGANIZATION'S PRESIDENT/CEO AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BYLAWS PROVIDE THAT ANY DIRECTOR WITH A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST DISCLOSE SUCH CONFLICT PRIOR TO ANY VOTE ON SUCH MATTER. THE ORGANIZATION'S PRESIDENT/CEO AND GENERAL COUNSEL BOTH SERVE AS DIRECTORS AND ARE FAMILIAR WITH EVERY MATERIAL TRANSACTION EVALUATED BY OR CONDUCTED BY THE ORGANIZATION, AND SUCH PERSONS INVESTIGATE WHETHER THEY BELIEVE ANY TRANSACTION INVOLVES A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST. IF A CONFLICT OR POTENTIAL CONFLICT IS DETERMINED, SUCH INFORMATION IS BROUGHT TO THE ATTENTION OF THE ORGANIZATION'S EXECUTIVE COMMITTEE OR BOARD OF DIRECTORS, AS APPROPRIATE. NO FURTHER ACTION IS TAKEN WITH REGARD TO SUCH TRANSACTION WITHOUT FURTHER CONSIDERATION OF THE TRANSACTION BEING GIVEN BY THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE, AS APPROPRIATE, AND TAKING INTO ACCOUNT ANY SUCH CONFLICT OR POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ONLY HAS ONE DIRECTOR THAT RECEIVES COMPENSATION AS AN EMPLOYEE OF THE ORGANIZATION, AND THAT IS THE ORGANIZATION'S PRESIDENT/CEO. THE COMPENSATION OF THE PRESIDENT/CEO IS REVIEWED ANNUALLY AND EVALUATED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE, TAKING INTO THE ACCOUNT THE PRESIDENT/CEO'S PERFORMANCE FOR THE PRIOR YEAR AND ANTICIPATED DUTIES AND GOALS FOR THE COMING YEAR, AMONG OTHER CONSIDERATIONS (WHICH INCLUDES THE EVALUATION OF COMPENSATION PAID TO THE PRESIDENT/CEO FOR OTHER NOT-FOR-PROFIT ORGANIZATIONS). THE PRESIDENT/CEO IS A MEMBER OF THE EXECUTIVE COMMITTEE, BUT THE PRESIDENT/CEO IS PROHIBITED FROM VOTING ON HER COMPENSATION, AND IS EXCLUDED FROM ALL DISCUSSIONS INVOLVING THE EVALUATION OF HER PERFORMANCE AND OTHER COMPENSATION FACTORS. THE ORGANIZATION'S EXECUTIVE COMMITTEE IS A COMMITTEE COMPRISED ENTIRELY OF MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS, AND IS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS (PURSUANT TO AUTHORITY GRANTED IN THE ORGANIZATION'S BYLAWS). PURSUANT TO THE ORGANIZATION'S BYLAWS, THE EXECUTIVE COMMITTEE IS GRANTED THE POWER AND AUTHORITY TO TAKE ACTION ON BEHALF OF THE ORGANIZATION IN THE SAME MANNER AND TO THE SAME EXTENT AS THE ORGANIZATION'S BOARD OF DIRECTORS (EXCEPT FOR CERTAIN SPECIFIED LIMITATIONS ON AUTHORITY NOT RELEVANT FOR THIS PURPOSE). FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE FULLY ACCESSIBLE FOR REVIEW BY THE GENERAL PUBLIC, WITHOUT FEE OR CHARGE, ON THE SUNBIZ WEBSITE HOSTED BY THE FLORIDA DEPARTMENT OF STATE (HTTP://WWW.SUNBIZ.ORG/SEARCH.HTML). THE ORGANIZATION'S FINANCIAL STATEMENTS, BYLAWS, AND OTHER PERTINENT INFORMATION IS AVAILABLE FOR REVIEW BY THE GENERAL PUBLIC UPON PROVIDING A WRITTEN REQUEST TO THE ORGANIZATION'S PRESIDENT/CEO, STATING THE DOCUMENTATION REQUESTED TO BE REVIEWED AND THE REASON FOR THE REQUEST. EACH REQUEST IS CONSIDERED BY THE ORGANIZATION'S PRESIDENT/CEO AND GENERAL COUNSEL, WHO USE THEIR GOOD FAITH EFFORTS TO ENSURE THAT THE ORGANIZATION COMPLIES WITH ANY AND ALL REQUESTS THAT SUCH REPRESENTATIVES OF THE ORGANIZATION BELIEVE TO BE REASONABLE IN FORM, SCOPE, AND NATURE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990 IS POSTED ON GUIDESTAR'S WEBSITE, AND IS AVAILABLE FOR REVIEW AT HTTP://WWW.GUIDESTAR.ORG.