Civic Intelligence

Airspace Minnesota

990 • Fiscal year 2013 • EIN 45-5502052

Jul 01, 2012 to Jun 30, 2013 • Filed on Dec 17, 2013

Organization Profilewww.airspacemn.org
6975 34th Avenue South55450
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets64th percentile

Assets

$39,051

No earlier filing loaded for comparison.

Net Assets

$38,351

No earlier filing loaded for comparison.

Liabilities

$700

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$85,841

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2013: $39,051Liabilities 2013: $700Net Assets 2013: $38,3512013Assets 2014: $103,225Liabilities 2014: $3,073Net Assets 2014: $100,1522014Assets 2015: $99,564Liabilities 2015: $14,001Net Assets 2015: $85,5632015Assets 2016: $55,340Liabilities 2016: $9,608Net Assets 2016: $45,7322016Assets 2017: $108,994Liabilities 2017: $15,936Net Assets 2017: $93,0582017Assets 2018: $32,711Liabilities 2018: $0Net Assets 2018: $32,7112018Assets 2019: $1Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2013

Assets$39,051
Liabilities$700
Net Assets$38,351
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2013: $85,8412013Revenue 2014: $255,948Expenses 2014: $194,147Net Income 2014: $61,8012014Revenue 2015: $131,502Expenses 2015: $146,091Net Income 2015: -$14,5892015Revenue 2016: $90,728Expenses 2016: $130,559Net Income 2016: -$39,8312016Revenue 2017: $140,144Expenses 2017: $92,818Net Income 2017: $47,3262017Revenue 2018: $85,600Expenses 2018: $145,947Net Income 2018: -$60,3472018Revenue 2019: $1,815Expenses 2019: $34,526Net Income 2019: -$32,7112019

Highlighted filing

2013

Revenue-
Expenses$85,841
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Dec 17, 2013
Return Version
2012v2.1
Gross Receipts
$124,192
Mission and Program Overview

Mission

AirSpace Minnesota uses the joy of flight to inspire dreams that build bright futures. We will honor our legacy, showcase today's innovators and give learners skills to navigate their world and beyond.

Filing and Contact Details

Filer

EIN
45-5502052
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IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0280901
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0The path to a brighter future for Minnesota citizens and institutions will depend on a pipeline of workers ready to replace the Baby Boom generation, more skilled and literate in science, technology, engineering and mathematics (STEM) than ever before. Historically known for achievements in diverse economic sectors, Minnesota faces challenges to maintain, let alone grow its status as a platform for innovation powered by a great workforce. Inspiration, skills and pathways are essential to Minnesota's future as a State of Innovation. The unique power of flight to spark imaginations is at the heart of the human experience, core to exploration of our place in the universe. To do the work necessary to gain the skills they need and to persevere on their journey, students need powerful dreams. AirSpace Minnesota was created in 2012 as a 501(c)(3) nonprofit organization to help students see what's possible when dreams and skills connect with flight as a key source of inspiration. Essential to our past, aerospace and aviation will be even more important to our future. The way we live, work, travel and communicate has been transformed by technology innovations including communications, direct-to-home television broadcast, GPS navigation satellites, the jet engine, new materials, radar, space flight and supersonic flight. Human connections, humanitarian causes, commerce and national security are all enabled by this technology sector, which owes much to people with Minnesota origins and connections. AirSpace Minnesota will chronicle and commemorate the untold stories and unsung role models who built companies and infrastructure that ultimately took America into space and showcase today's role models to inspire young people to dream big, work hard and go boldly. Formed by the Minnesota Air National Guard Historical Foundation to carry forward plans for an air and space center, AirSpace Minnesota is a unique collaboration of business, education and industry leaders who are deeply passionate about equipping new generations of learners to write the next chapters of Minnesota's innovation story. The vision is to build the center adjacent to MSP International Airport. Cited as a signature project in the Fort Snelling Light Rail Transit and Upper Post Master Plan, this initiative will provide a major catalyst in the critically needed revitalization of one of the state's most historically significant sites and create a new economic asset for the region. The campus plan includes new education resources including a Challenger Space Science Center and an interpretive center that will be home to the Minnesota Aviation Hall of Fame, the Minnesota Air National Guard Museum, the NWA (Northwest Airlines) History Centre and other entities that now lack adequate facilities and resources to preserve and share their priceless stories and artifacts. This will serve learners throughout the region and provide a showcase for today's innovators. Step one in turning this vision into reality is to bring the Aviation Learning Center to Minnesota. AirSpace Minnesota has been selected by the renowned Museum of Flight in Seattle as the first partner to re-create this one-of-a-kind education asset, which will develop the model for national replication. During its first year, AirSpace Minnesota began convening a community of individuals and institutions united in their belief that everyone deserves to fly, fulfilling dreams and building skills that lead to brighter futures. Initiatives were launched in each of the mission's three pillars. AirSpace Minnesota will chronicle Minnesota's aerospace and aviation legacy, working to research little-known and untold stories and illuminate their impact, putting a human face on our history. A 2013 Minnesota Historical and Cultural Heritage Grant was awarded by the Minnesota Historical Society to develop the Minnesota Aviation & Aerospace Innovation Timeline. This project highlights the most significant events, individuals and insti
IRS990ScheduleO/GeneralExplanation/Explanation1AirSpace Minnesota was incorporated on March 30, 2012 by the Minnesota Air National Guard Historical Foundation (MNANGHF).
IRS990ScheduleO/GeneralExplanation/Explanation2MNANGHF served as the sole voting member during FY2013.
IRS990ScheduleO/GeneralExplanation/Explanation3MNANGHF had authority to amend the Articles of Incorporation and to adopt, amend or repeal any Bylaws. The MNANGHF revised the AirSpace Minnesota Articles and Bylaws on November 13, 2013 to remove itself as the voting member of the organization and to instill full voting control over all AirSpace Minnesota matters in the AirSpace Board of Directors.
IRS990ScheduleO/GeneralExplanation/Explanation4Reviewed by Board of Directors.
IRS990ScheduleO/GeneralExplanation/Explanation5Each trustee, officer, member of a committee with board-delegated powers, and employee signs a statement that affirms that such person has received a copy of the conflict of interest/duality policy, has read and understands the policy, and has agreed to comply with the policy.
IRS990ScheduleO/GeneralExplanation/Explanation6The organization will provide the governing documents and financial statements upon request.
IRS990ScheduleO/GeneralExplanation/Identifier0Program Service Statement
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part III, Line 4a
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 12c

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$39,051
Liabilities
$700
Net assets
$38,351
Revenue
-
Expenses
$85,841
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.02$0.35$0.33
2018Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$0.86$1.46$0.60
2017Summary only. Only limited summary data is available for this year.$1.09$0.16$0.93$1.40$0.93$0.47
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.10$0.46$0.91$1.31$0.40
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.14$0.86$1.32$1.46$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.03$1.00$2.56$1.94$0.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.01$0.38$0.86