Civic Intelligence

National Aerospace Research and Technology Park Inc

EIN 26-3166908 • 501(c)3 • Egg Harbor Township, NJ

Profile

the organization's primary exempt purpose is to support the university in the development of an aviation research and technology park.

600 Aviation Research Blvd 120Egg Harbor Township, NJ 08234

www.stockton.edu/stocktonartp

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.88x

Higher debt load relative to assets than 98% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

2.38x

Higher debt load relative to revenue than 88% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Net Margin

30th percentile

-3.7%

Higher net margin than 30% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2025

Asset Growth

76th percentile

23%

Faster asset growth than 76% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

7th percentile

-48%

Faster revenue growth than 7% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$999,133

Up $186,129 (+23%) from 2024

Liabilities

Up

$2,872,962

Up $230,711 (+8.7%) from 2024

Net Assets

Down

-$1,873,829

Down $44,582 (-2.4%) from 2024

Operations
Liabilities / Revenue88th percentileNet Margin30th percentile

Revenue

Down

$1,204,943

Down $1,110,073 (-48%) from 2024

Expenses

Up

$1,249,525

Up $721,308 (+137%) from 2024

Net Income

Down

-$44,582

Down $1,831,381 (-102%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$5.0M$0-$5.0MAssets 2015: $377,964Liabilities 2015: $946,447Net Assets 2015: -$568,4832015Assets 2016: $159,731Liabilities 2016: $1,146,196Net Assets 2016: -$986,4652016Assets 2017: $136,407Liabilities 2017: $1,325,561Net Assets 2017: -$1,189,1542017Assets 2020: $313,136Liabilities 2020: $3,699,988Net Assets 2020: -$3,386,8522020Assets 2021: $308,299Liabilities 2021: $3,851,529Net Assets 2021: -$3,543,2302021Assets 2022: $816,931Liabilities 2022: $4,357,277Net Assets 2022: -$3,540,3462022Assets 2023: $825,422Liabilities 2023: $4,441,468Net Assets 2023: -$3,616,0462023Assets 2024: $813,004Liabilities 2024: $2,642,251Net Assets 2024: -$1,829,2472024Assets 2025: $999,133Liabilities 2025: $2,872,962Net Assets 2025: -$1,873,8292025

Highlighted filing

2025

Assets$999,133
Liabilities$2,872,962
Net Assets-$1,873,829
Open 2025 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $351,000Expenses 2015: $736,163Net Income 2015: -$385,1632015Revenue 2016: $53,536Expenses 2016: $471,518Net Income 2016: -$417,9822016Revenue 2017: $318,105Expenses 2017: $520,794Net Income 2017: -$202,6892017Revenue 2020: $824,599Expenses 2020: $2,614,497Net Income 2020: -$1,789,8982020Revenue 2021: $302,472Expenses 2021: $458,850Net Income 2021: -$156,3782021Revenue 2022: $686,696Expenses 2022: $683,812Net Income 2022: $2,8842022Revenue 2023: $694,464Expenses 2023: $770,164Net Income 2023: -$75,7002023Revenue 2024: $2,315,016Expenses 2024: $528,217Net Income 2024: $1,786,7992024Revenue 2025: $1,204,943Expenses 2025: $1,249,525Net Income 2025: -$44,5822025

Highlighted filing

2025

Revenue$1,204,943
Expenses$1,249,525
Net Income-$44,582
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,133
Liabilities
$2,872,962
Net assets
-$1,873,829
Revenue
$1,204,943
Expenses
$1,249,525
Net income
-$44,582
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.00$2.87$1.87$1.20$1.25$0.04
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$2.64$1.83$2.32$0.53$1.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$4.44$3.62$0.69$0.77$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$4.36$3.54$0.69$0.68$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$3.85$3.54$0.30$0.46$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$3.70$3.39$0.82$2.61$1.79
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$1.33$1.19$0.32$0.52$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$1.15$0.99$0.05$0.47$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.95$0.57$0.35$0.74$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 9, 2026
Return Version
2024v5.2
Gross Receipts
$1,204,943
Mission and Program Overview

Mission

To provide leadership in the advacement of aerospace sciences by creating an ecosystem of industry, academic, and governmental partnerships to foster innovation, collaboration and sustainable economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$644,112$617,858▼ $26,254
Pledges and Grants Receivable$64,305$276,514▲ $212,209
Land, Buildings, and Equipment, Net$96,195$96,885▲ $690
Prepaid Expenses and Deferred Charges$8,392$7,876▼ $516
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$813,004$999,133▲ $186,129
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,912,766$1,941,765▲ $28,999
Deferred Revenue$694,568$928,813▲ $234,245
Accounts Payable and Accrued Expenses$34,917$2,384▼ $32,533
Total Liabilities$2,642,251$2,872,962▲ $230,711
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,829,247$-1,873,829▼ $44,582
Total Net Assets Fund Balance$-1,829,247$-1,873,829▼ $44,582
Total Liabilities and Net Assets / Fund Balance$813,004$999,133▲ $186,129

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$91,291$15,554$106,845
Equipment$5,594$12,377$17,971
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Mark LoebenChairman
Howard KylePresident
Samuel YoungVice Chair
Dr Anne HarlanBoard Emeritus
Dr Edward H SalmonBoard Emeritus
David SweetBoard Member
Dr Alberto CuitinoBoard Member
Dr Anthony LowmanBoard Member
Dr Barbara GabaBoard Member
Dr Douglas StanleyBoard Member
Dr Joseph BertolinoBoard Member
Dr Michael PalladinoBoard Member
Eric NeidermanBoard Member
Eric SchefflerBoard Member
Frank LobiondoBoard Member
Ian LevittBoard Member
John DanielsBoard Member
Tim EdmundsBoard Member
Lauren MooreBoard Secretary
Christina FuentesRepresentative
John RisleyRepresentative
Kim Schalek DownesRepresentative
Stephen MazurRepresentative
Sheila SmallwoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,187,683
Program Service Revenue
$0
Investment Income
$6,444
Other Revenue
$10,816
Change in Net Assets
$-44,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,204,943
Revenue Not Reported on Form 990
$65,397
Total Revenue per Audited Statements
$1,270,340
Total Revenue per Form 990
$1,204,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,249,525
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,132,616--$1,132,616
Occupancy$35,000--$35,000
Interest$28,999--$28,999
Insurance$8,820--$8,820
Depreciation Depletion$5,836--$5,836
Advertising$4,893--$4,893
Other Expenses$4,858--$4,858
All Other Expenses$2,993--$2,993
Conferences and Meetings$2,320--$2,320
Travel$331--$331
Total Functional Expenses$1,249,525$0$0$1,249,525

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,314,922
Expenses per Audited Statements$1,249,525
Total Expenses per Form 990$1,249,525
Expenses Not Reported on Form 990$65,397
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to a designated board member for review prior to the filing of the return.”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interst are reviewed on a periodic basis, in a process that includes, at a minimum, a review of compensation and benefits arrangements, and a determination that all partnerships, joint ventures and arrangements conform to the organizations written policies.”

Form 990, Part VI, Section B, Line 15A

“For purposes of determinig compensation, an independent committee was formed that took into consideration local market data and standard compensation from comparable entities. The committee deliberated, reviewed and approved all compensation.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
National Aerospace Research and
EIN
26-3166908
Phone
6093652183
Address
600 AVIATION RESEARCH BLVD 120, EGG HARBOR TOWNSHIP, NJ 08234

Signing Officer

Name
Howard Kyle
Title
President
Signed
2026-02-09
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Ford Scott & Associates LLC
Address
1535 Haven Avenue, Ocean City, NJ 08226
Preparer
John A Sabella CPA
Phone
6093996333
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Organization is also exempt from State income taxes and is registered with the State of New Jersey under the New Jersey Charitable Registration and Investigation Act (CRI) of 1994. No provision has been made for federal or state income taxes. The Organization regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax exempt status, unrelated business income, and related matters. The Organization believes that in the event of an examination by taxing authorities, the Organizations positions would prevail based upon the technical merits of such positions. Therefore, the Organization has concluded that no tax benefits or liabilities are required to be recognized. The Organization is generally no longer subject to examination by the Internal Revenue Service for years before June 30, 2020. The Organization is generally no longer subject to examination by the State of New Jersey for years before June 30, 2019.”

Raw XML AppendixShowing 400 of 556 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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