Aerospace Corporation

El Segundo, CA
Tax-exempt since Oct. 1961
EIN: 95-2102389

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services / Physical Sciences, Earth Sciences Research and Promotion (NTEE)

Donations to this organization are tax deductible.

Details

According to its Sept. 2023 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Revenue

$1.3B (2023)

Expenses

$1.27B (2023)

Total Assets

$1.04B (2023)

Total Liabilities

$688M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Sept.
2023

Revenue

$1,301,016,000

Expenses

$1,265,778,000

Net Income

$35,238,000

Net Assets

$355,170,235

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,780	0.0%
Program Services	$1,297,390,850	99.7%
Investment Income	$1,513,107	0.1%
Bond Proceeds	$0
Royalties	$79,690	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,014,573	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$12,127,546	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$783,791,568	61.9%

Assets/Debt
Total Assets	$1,043,087,000
Total Liabilities	$687,916,765
Net Assets	$355,170,235

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
S J Isakowitz (President & Ceo)	$1,789,274	$0	$280,588
E M Swallow (Vice President)	$901,689	$0	$128,557
W H Goodman (Vice President)	$883,526	$0	$21,839
R L Kendall (Vice President)	$766,456	$0	$40,885
J Morin (Vice President)	$671,416	$0	$147,587
T Pemberton (Vice President)	$656,028	$0	$117,185
J S Fujita (Gen Mgr)	$561,001	$0	-$41,156
P B Cameron (Gen Mgr)	$552,788	$0	$52,673
K D Bell (Vice President)	$539,675	$0	$58,669
M Whelan (Vice President)	$528,531	$0	$113,929
T M Nygren (Vice President)	$512,610	$0	$42,755
D Radzanowski (Vice President)	$510,000	$0	$0
A D Falk (Prin Dir)	$507,479	$0	$48,549
T L Choy (Vice President)	$504,339	$0	$11,757
H R Laychak (Vice President)	$504,255	$0	$147,989
J G Santee (Vice President)	$483,319	$0	$112,874
J M Myers (Vice President)	$425,381	$0	$112,637
D Emmons (Vice President)	$403,022	$0	$66,752
A Lueje (Gen Mgr)	$387,755	$0	$29,614
M H Craig (Gen Mgr)	$351,069	$0	$74,366
M R Clinton (Vice President)	$310,460	$0	$64,310
S K Steele (Exec Dir)	$304,539	$0	$36,149
D A Reynard (Gen Mgr)	$288,074	$0	-$1,408
R Boston (Deputy Cfo)	$270,985	$0	$33,903
Dw Miller (Vice President)	$242,768	$0	$86,656
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990

Filed on Aug. 5, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Sept.
2022

Revenue

$1,192,327,000

Expenses

$1,162,398,000

Net Income

$29,929,000

Net Assets

$217,045,550

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$64,993	0.0%
Program Services	$1,196,766,495	> 100%
Investment Income	$548,749	0.0%
Bond Proceeds	$0
Royalties	$101,791	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$5,155,028

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,152,549	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$731,979,695	63.0%

Assets/Debt
Total Assets	$881,530,000
Total Liabilities	$664,484,450
Net Assets	$217,045,550

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
S J Isakowitz (President & Ceo)	$1,588,867	$0	$224,609
W H Goodman (Vice President)	$1,219,516	$0	$395,129
E M Swallow (Vice President)	$753,320	$0	$162,616
H R Laychak (Vice President)	$692,649	$0	$152,355
M R Clinton (Vice President)	$680,059	$0	$178,593
C L Gustafson (Vice President)	$679,593	$0	$387,031
K D Bell (Vice President)	$675,413	$0	$256,741
T L Choy (Vice President)	$669,908	$0	$273,453
R L Kendall (Vice President)	$669,495	$0	$329,101
J G Santee (Vice President)	$643,376	$0	$109,957
M Whelan (Vice President)	$635,944	$0	$110,432
Dw Miller (Vice President)	$538,724	$0	$129,087
T Pemberton (Vice President)	$520,149	$0	$113,348
J Morin (Vice President)	$505,233	$0	$144,818
T M Nygren (Vice President)	$482,197	$0	$292,846
D Radzanowski (Vice President)	$448,890	$0	$62,859
J L Emdee (Gen Mgr)	$385,613	$0	$257,001
C T Lindsay (Gen Mgr)	$370,851	$0	$193,709
G Galasso (Prin Dir)	$368,663	$0	$286,851
S M Leontis (Gen Mgr)	$360,233	$0	$243,883
A B Dawdy (Gen Mgr)	$351,317	$0	$194,445
D Emmons (Vice President)	$342,383	$0	$55,488
M M Hills (Vice President)	$315,837	$0	$635,533
S K Steele (Exec Dir)	$300,331	$0	$92,786
D A Reynard (Gen Mgr)	$285,790	$0	$46,951
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990

Filed on July 19, 2023

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Audit

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Fiscal Year Ending Sept.
2021

Revenue

$1,166,046,000

Expenses

$1,120,050,000

Net Income

$45,996,000

Net Assets

$53,962,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$100,209	0.0%
Program Services	$1,162,822,147	99.7%
Investment Income	$493,080	0.0%
Bond Proceeds	$0
Royalties	$71,000	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,559,564	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,196,931	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$709,499,073	63.3%

Assets/Debt
Total Assets	$844,961,000
Total Liabilities	$790,998,820
Net Assets	$53,962,180

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
S J Isakowitz (President & Ceo)	$1,172,697	$0	$194,889
W C Krenz (Vice President)	$743,038	$0	$86,359
W H Goodman (Vice President)	$708,766	$0	$305,506
M R Clinton (Vice President)	$649,820	$0	$167,260
A Lueje (Gen Counsel)	$589,180	$0	$25,151
V Ward (Gen Mgr)	$573,144	$0	$24,175
J Morin (Vice President)	$561,604	$0	$135,893
E M Swallow (Vice President)	$555,462	$0	$157,152
M M Hills (Vice President)	$517,202	$0	$277,193
H R Laychak (Vice President)	$498,646	$0	$148,487
Dw Miller (Vice President)	$491,861	$0	$121,763
M Whelan (Vice President)	$489,853	$0	$107,042
R L Kendall (Vice President)	$489,112	$0	$262,530
K D Bell (Vice President)	$476,551	$0	$207,816
C L Gustafson (Vice President)	$471,530	$0	$298,157
J G Santee (Vice President)	$464,717	$0	$105,282
T L Choy (Vice President)	$461,700	$0	$209,193
G A Davis (Former Vice President)	$408,697	$0	$203,554
T M Nygren (Vice President)	$405,508	$0	$168,485
E M Beatty (Vice President)	$393,020	$0	$56,529
T Pemberton (Vice President)	$383,840	$0	$25,101
J L Emdee (Gen Mgr)	$368,650	$0	$185,282
M A Brosmer (Gen Mgr)	$362,007	$0	$243,055
S M Leontis (Gen Mgr)	$347,056	$0	$181,909
A B Dawdy (Gen Mgr)	$342,422	$0	$144,005
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990

Filed on Aug. 8, 2022

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Audit

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Fiscal Year Ending Sept.
2020

Revenue

$1,155,829,000

Expenses

$1,106,205,000

Net Income

$49,624,000

Net Assets

-$77,094,153

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$126,020	0.0%
Program Services	$1,153,093,811	99.8%
Investment Income	$679,396	0.1%
Bond Proceeds	$0
Royalties	$66,600	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,863,173	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,891,555	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$672,186,112	60.8%

Assets/Debt
Total Assets	$780,438,000
Total Liabilities	$857,532,153
Net Assets	-$77,094,153

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
S J Isakowitz (President & Ceo)	$1,282,396	$0	$187,618
W H Goodman (Vice President)	$1,116,706	$0	$269,176
M R Clinton (Vice President)	$1,040,061	$0	$160,411
E M Beatty (Vice President)	$827,269	$0	$144,212
R L Kendall (Vice President)	$761,443	$0	$213,435
E M Swallow (Vice President)	$724,960	$0	$137,281
M M Hills (Vice President)	$719,862	$0	$214,639
C T Lindsay (Gen Mgr)	$651,156	$0	$93,957
C L Gustafson (Vice President)	$631,195	$0	$236,027
K H Chambers (Former Vice President)	$585,537	$0	-$9,664
H R Laychak (Vice President)	$564,928	$0	$137,829
J Morin (Vice President)	$540,028	$0	$133,430
K D Bell (Vice President)	$512,190	$0	$168,910
T P Graves (Gen Mgr)	$480,261	$0	$47,162
J G Santee (Vice President)	$469,569	$0	$100,476
T L Choy (Vice President)	$422,576	$0	$165,730
W C Krenz (Vice President)	$418,012	$0	$496,206
P B Riley (Senior Proj Leader)	$412,010	$0	$71,505
T E Duerr (Senior Proj Leader)	$408,751	$0	$72,649
C J Steele (Vice President)	$406,672	$0	$481,833
Dw Miller (Vice President)	$401,732	$0	$43,823
M Whelan (Vice President)	$372,205	$0	$53,798
G A Davis (Former Vice President)	$364,515	$0	$144,245
M A Brosmer (Gen Mgr)	$350,864	$0	$167,926
T M Nygren (Vice President)	$350,102	$0	$141,982
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990

Filed on Aug. 10, 2021

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Sept.
2019

Revenue

$1,111,594,000

Expenses

$1,054,569,000

Net Income

$57,025,000

Net Assets

-$151,014,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,149	0.0%
Program Services	$1,108,860,533	99.8%
Investment Income	$1,448,597	0.1%
Bond Proceeds	$0
Royalties	$68,500	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,190,221	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$19,825,849	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$629,753,856	59.7%

Assets/Debt
Total Assets	$708,388,000
Total Liabilities	$859,402,239
Net Assets	-$151,014,239

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
C J Steele (Vice President)	$3,787,575	$0	$585,297
W C Krenz (Vice President)	$2,743,299	$0	$655,765
S J Isakowitz (President & Ceo)	$1,057,594	$0	$293,969
W H Goodman (Vice President)	$1,050,954	$0	$351,446
M R Clinton (Vice President)	$736,601	$0	$210,469
E M Beatty (Vice President)	$718,682	$0	$184,728
R L Kendall (Vice President)	$671,391	$0	$264,919
S L Zacharius (Vice President)	$664,109	$0	$309,245
M M Hills (Vice President)	$625,509	$0	$274,508
E M Swallow (Vice President)	$602,050	$0	$195,175
C L Gustafson (Vice President)	$547,096	$0	$296,805
H R Laychak (Vice President)	$532,297	$0	$147,530
E L Bolton (Vice President)	$526,349	$0	$173,480
J Morin (Vice President)	$439,949	$0	$149,944
K D Bell (Vice President)	$411,582	$0	$192,936
J M Wyrwitzke (Pr Engr/Scientist)	$393,291	$0	$36,986
G A Davis (Former Vice President)	$376,057	$0	$135,345
M A Brosmer (Gen Mgr)	$345,219	$0	$188,546
J L Emdee (Gen Mgr)	$333,267	$0	$152,037
T M Nygren (Gen Mgr)	$330,663	$0	$152,440
J G Santee (Vice President)	$326,911	$0	$60,810
T L Choy (Vice President)	$323,770	$0	$101,338
A B Dawdy (Gen Mgr)	$321,156	$0	$113,830
A J Schickling (Pr Engr/Scientist)	$305,162	$0	$161,940
K H Chambers (Vice President)	$259,595	$0	$37,621
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990

Filed on Aug. 10, 2020

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Sept.
2018

Revenue

$1,055,772,000

Expenses

$1,051,592,000

Net Income

$4,180,000

Net Assets

-$36,170,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$61,251	0.0%
Program Services	$1,053,248,523	99.8%
Investment Income	$502,000	0.0%
Bond Proceeds	$0
Royalties	$110,000	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,850,226	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$20,665,206	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$606,441,109	57.7%

Assets/Debt
Total Assets	$689,357,000
Total Liabilities	$725,527,727
Net Assets	-$36,170,727

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
D J Gorney (Former Vice President)	$4,254,255	$0	$646,411
W H Goodman (Vice President)	$833,961	$0	$461,118
S J Isakowitz (President & Ceo)	$707,543	$0	$229,718
M R Clinton (Vice President)	$537,268	$0	$308,480
M M Hills (Vice President)	$493,098	$0	$335,985
S L Zacharius (Vice President)	$479,169	$0	$389,594
K D Bell (Vice President)	$478,930	$0	$130,655
C J Steele (Vice President)	$478,254	$0	$454,316
C L Gustafson (Vice President)	$469,555	$0	$370,540
R L Kendall (Vice President)	$463,566	$0	$319,449
G A Davis (Former Vice President)	$456,132	$0	$189,280
M A Brosmer (Gen Mgr)	$452,155	$0	$271,840
E M Beatty (Vice President)	$431,014	$0	$206,697
E M Swallow (Vice President)	$382,074	$0	$216,049
W C Krenz (Vice President)	$371,528	$0	$419,407
E L Bolton (Vice President)	$367,693	$0	$144,435
J A Maguire (Gen Mgr)	$351,854	$0	$118,747
T M Nygren (Gen Mgr)	$344,736	$0	$195,599
J L Emdee (Gen Mgr)	$343,670	$0	$202,359
A Compito (Gen Mgr)	$335,626	$0	$156,627
H R Laychak (Vice President)	$317,274	$0	$86,646
A J Schickling (Pr Engr/Scientist)	$279,998	$0	$192,670
S K Steele (Exec Dir)	$256,083	$0	$74,091
T L Choy (Vice President)	$254,750	$0	$122,007
D A Reynard (Gen Mgr)	$248,287	$0	$35,762
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990

Filed on Aug. 6, 2019

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Sept.
2017

Revenue

$974,511,000

Expenses

$998,409,000

Net Income

-$23,898,000

Net Assets

-$189,610,078

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$39,916	0.0%
Program Services	$972,964,000	99.8%
Investment Income	$441,000	0.0%
Bond Proceeds	$0
Royalties	$77,000	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$989,084	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,799,748	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$564,331,403	56.5%

Assets/Debt
Total Assets	$656,285,000
Total Liabilities	$845,895,078
Net Assets	-$189,610,078

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
W M Austin (President & Ceo)	$7,941,497	$0	$1,824,683
R H Fisher (Former Vice President)	$3,264,899	$0	-$2,243,936
M R Clinton (Vice President)	$883,108	$0	$226,613
H J Mitchell (Former Vice President)	$781,874	$0	$54,155
D J Gorney (Vice President)	$582,547	$0	$642,873
W H Goodman (Vice President)	$479,327	$0	$334,005
C J Steele (Vice President)	$462,352	$0	$452,189
E M Beatty (Vice President)	$369,399	$0	$159,755
E M Swallow (Vice President)	$359,757	$0	$138,979
W C Krenz (Vice President)	$357,277	$0	$581,522
M M Hills (Vice President)	$352,852	$0	$260,545
G A Davis (Vice President)	$347,622	$0	$230,359
R L Kendall (Vice President)	$346,702	$0	$250,646
C L Gustafson (Vice President)	$346,205	$0	$274,875
S J Isakowitz (President & Ceo)	$335,196	$0	$42,095
S L Zacharius (Vice President)	$331,241	$0	$331,149
M A Brosmer (Gen Mgr)	$313,514	$0	$229,143
S S Gustafson (Gen Mgr)	$309,067	$0	$181,433
J L Emdee (Gen Mgr)	$301,674	$0	$163,171
R M Lollock (Gen Mgr)	$299,409	$0	$220,901
S B Danahy (Prin Dir)	$296,533	$0	$204,020
V C Boles (Gen Mgr)	$292,473	$0	$299,142
K D Bell (Vice President)	$290,177	$0	$102,665
S K Steele (Exec Dir)	$254,019	$0	$76,213
C M Lazar Morrison (Gen Mgr)	$252,063	$0	$132,841
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990

Filed on Aug. 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Sept.
2016

Revenue

$942,038,000

Expenses

$961,546,000

Net Income

-$19,508,000

Net Assets

-$331,583,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,000	0.0%
Program Services	$939,712,000	99.8%
Investment Income	$183,000	0.0%
Bond Proceeds	$0
Royalties	$170,000	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,947,000	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,662,141	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$545,333,219	56.7%

Assets/Debt
Total Assets	$654,392,000
Total Liabilities	$985,975,341
Net Assets	-$331,583,341

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
R R Razouk (Former Vice President)	$3,324,469	$0	-$1,770,668
R F Johnson (Former Vice President)	$3,027,896	$0	-$1,586,869
M De Ponte (Former Vice President)	$2,603,944	$0	-$2,161,950
B W Chau (Former Vice President)	$2,275,645	$0	-$536,326
W M Austin (President & Ceo)	$949,492	$0	$900,278
D J Gorney (Vice President)	$486,157	$0	$793,041
C J Steele (Vice President)	$459,439	$0	$360,974
R H Fisher (Vice President)	$441,218	$0	$546,045
G A Davis (Vice President)	$388,286	$0	$81,644
R L Kendall (Vice President)	$382,094	$0	$167,394
M R Clinton (Vice President)	$372,044	$0	$167,383
W H Goodman (Vice President)	$360,887	$0	$184,535
S K Clark (Dir)	$348,751	$0	$34,838
W C Krenz (Vice President)	$348,063	$0	$415,968
E M Beatty (Vice President)	$336,963	$0	$128,391
M M Hills (Vice President)	$330,491	$0	$125,352
H J Mitchell (Vice President)	$329,831	$0	$140,314
C L Gustafson (Vice President)	$321,671	$0	$87,195
S L Zacharius (Vice President)	$318,151	$0	$200,520
D A Lewis (Prin Dir)	$304,135	$0	$109,043
S M Leontis (Gen Mgr)	$303,969	$0	$77,351
M A Brosmer (Gen Mgr)	$302,238	$0	$108,943
S S Gustafson (Gen Mgr)	$295,779	$0	$95,879
D L Holker (Prin Dir)	$294,193	$0	$87,869
C M Lazar Morrison (Gen Mgr)	$267,330	$0	$118,009
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990

Filed on Aug. 7, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Sept.
2015

Revenue

$917,112,000

Expenses

$932,317,000

Net Income

-$15,205,000

Net Assets

-$220,578,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$916,670,000	100.0%
Investment Income	$1,000	0.0%
Bond Proceeds	$0
Royalties	$221,000	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$220,000	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,997,009	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$532,776,977	57.1%

Assets/Debt
Total Assets	$651,447,000
Total Liabilities	$872,025,271
Net Assets	-$220,578,271

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
J M Drennan (Former Vice President)	$3,031,088	$0	-$1,068,874
W M Austin (President & Ceo)	$800,007	$0	$1,234,209
D J Gorney (Vice President)	$458,671	$0	$740,367
R H Fisher (Vice President)	$434,578	$0	$455,877
C J Steele (Vice President)	$422,454	$0	$326,151
F R Hoots (Aerospace Fellow)	$412,677	$0	$71,017
R R Razouk (Vice President)	$387,274	$0	$551,532
M De Ponte (Vice President)	$381,192	$0	$587,114
R F Johnson (Vice President)	$371,247	$0	$230,410
M R Clinton (Vice President)	$362,553	$0	$161,723
W H Goodman (Vice President)	$345,228	$0	$233,664
W C Krenz (Vice President)	$337,016	$0	$445,490
B W Chau (Vice President)	$333,135	$0	$311,355
E M Beatty (Vice President)	$331,252	$0	$123,852
H J Mitchell (Vice President)	$328,452	$0	$143,476
A M Kabe (Prin Dir)	$326,721	$0	$226,290
R L Kendall (Vice President)	$315,466	$0	$199,769
S L Zacharius (Vice President)	$307,802	$0	$268,254
M M Hills (Vice President)	$306,806	$0	$134,747
C L Gustafson (Vice President)	$296,546	$0	$140,031
M A Brosmer (Gen Mgr)	$293,538	$0	$179,460
G A Davis (Vice President)	$290,562	$0	$102,351
T Lomheim (Aerospace Fellow)	$288,960	$0	$218,678
D A Lewis (Prin Dir)	$286,751	$0	$213,481
V C Boles (Gen Mgr)	$280,983	$0	$234,450
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990

Filed on Aug. 4, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2014

Revenue

$884,315,739

Expenses

$878,915,739

Net Income

$5,400,000

Net Assets

-$151,071,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$881,907,000	99.7%
Investment Income	$11,000	0.0%
Bond Proceeds	$0
Royalties	$158,000	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,239,739	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,761,785	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$512,441,282	58.3%

Assets/Debt
Total Assets	$638,157,125
Total Liabilities	$789,228,396
Net Assets	-$151,071,271

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
W M Austin (President & Ceo)	$731,847	$0	$932,530
G D Galasso (Pr Engr/Scientist)	$452,985	$0	$133,370
D J Gorney (Vice President)	$431,665	$0	$579,491
R H Fisher (Vice President)	$417,197	$0	$350,078
R R Razouk (Vice President)	$372,360	$0	$607,978
R C Elliott (Prin Engrg Spec)	$366,815	$0	$108,933
J M Drennan (Vice President)	$366,075	$0	$421,676
R F Johnson (Vice President)	$365,975	$0	$212,790
M De Ponte (Vice President)	$363,890	$0	$483,505
M R Clinton (Vice President)	$333,166	$0	$150,991
B W Chau (Vice President)	$328,222	$0	$270,287
W H Goodman (Vice President)	$324,412	$0	$228,082
W C Krenz (Vice President)	$321,369	$0	$371,260
H J Mitchell (Vice President)	$318,763	$0	$128,804
C J Steele (Vice President)	$318,340	$0	$266,321
D A Lewis (Prin Dir)	$309,126	$0	$227,843
A M Kabe (Prin Dir)	$302,676	$0	$238,508
R L Kendall (Vice President)	$301,717	$0	$146,682
E M Beatty (Vice President)	$298,179	$0	$114,349
M A Brosmer (Gen Mgr)	$289,395	$0	$186,186
D S Barbee (Gen Mgr)	$286,061	$0	$63,874
M M Hills (Vice President)	$284,678	$0	$134,659
V C Boles (Gen Mgr)	$272,561	$0	$244,882
M J Wheaton (Gen Mgr)	$272,253	$0	$111,679
S L Zacharius (Vice President)	$264,646	$0	$272,900
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990

Filed on Aug. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2013

Revenue

$870,614,753

Expenses

$870,376,550

Net Income

$238,203

Net Assets

-$127,851,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$868,561,877	99.8%
Investment Income	$26,396	0.0%
Bond Proceeds	$0
Royalties	$61,057	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,965,423	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,991,373	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$503,555,970	57.9%

Assets/Debt
Total Assets	$619,029,701
Total Liabilities	$746,881,061
Net Assets	-$127,851,360

990

Filed on Sept. 18, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2012

Revenue

$906,199,759

Expenses

$901,624,145

Net Income

$4,575,614

Net Assets

-$305,026,563

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$903,443,004	99.7%
Investment Income	$71,987	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,684,768	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,114,189	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$520,356,193	57.7%

Assets/Debt
Total Assets	$568,339,894
Total Liabilities	$873,366,457
Net Assets	-$305,026,563

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2011

Revenue

$943,240,169

Expenses

$933,143,248

Net Income

$10,096,921

Net Assets

-$226,939,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$939,307,809	99.6%
Investment Income	$1,375,146	0.1%
Bond Proceeds	$0
Royalties	$287,224	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,269,990	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,468,316	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$531,224,964	56.9%

Assets/Debt
Total Assets	$540,601,788
Total Liabilities	$767,540,965
Net Assets	-$226,939,177

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Aerospace Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.3B (2023)

Expenses $1.27B (2023)

Total Assets $1.04B (2023)

Total Liabilities $688M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Revenue

$1.3B (2023)

Expenses

$1.27B (2023)

Total Assets

$1.04B (2023)

Total Liabilities

$688M (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001