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OHIO AEROSPACE INSTITUTE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
OHIO AEROSPACE INSTITUTE (EIN 34-1621676)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202401359349306340
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T13:11:06-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341912961PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHEN & COMPANY LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1OFFICES LISTED ATAddressLine1Txt
CityWWWCOHENCPACOMCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44115ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341621676EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OHIO AEROSPACE INSTITUTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOHIOBusinessNameControlTxt
Phone4409623000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line122800 CEDAR POINT ROADAddressLine1Txt
CityBROOKPARKCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44142ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRIS HOCEVARPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone4409623000PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHRISPersonFirstNm
Person LastHOCEVARPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPARGAT SINGHPreparerPersonNm
PTINP02184330PTIN
Phone8002291099PhoneNum
Preparation2024-05-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRIS HOCEVARPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line122800 CEDAR POINT ROADAddressLine1Txt
CityBROOKPARKCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44142ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,330,588GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OAI.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionWE COLLABORATE WITH MEMBERS IN GOVERNMENT, INDUSTRY AND ACADEMIA TO ACCELERATE OHIO'S AEROSPACE WORKFORCE DEVELOPMENT THROUGH A GLOBAL NETWORK OF CONNECTIONS, EDUCATIONAL PROGRAMS, AND CUTTING-EDGE INFORMATION.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee46TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$8,257,499PYContributionsGrantsAmt
CY Contributions Grants$7,682,768CYContributionsGrantsAmt
PY Program Service Revenue$91,312PYProgramServiceRevenueAmt
CY Program Service Revenue$254,491CYProgramServiceRevenueAmt
PY Investment Income$1,252PYInvestmentIncomeAmt
CY Investment Income$39,505CYInvestmentIncomeAmt
PY Other Revenue$430,126PYOtherRevenueAmt
CY Other Revenue$353,824CYOtherRevenueAmt
PY Total Revenue$8,780,189PYTotalRevenueAmt
CY Total Revenue$8,330,588CYTotalRevenueAmt
PY Grants And Similar Paid$1,952,914PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,783,807CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,056,010PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,473,676CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,780,029PYOtherExpensesAmt
CY Other Expenses$1,940,715CYOtherExpensesAmt
PY Total Expenses$8,788,953PYTotalExpensesAmt
CY Total Expenses$9,198,198CYTotalExpensesAmt
PY Revenues Less Expenses-$8,764PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$867,610CYRevenuesLessExpensesAmt
Total Assets BOY$8,801,598TotalAssetsBOYAmt
Total Assets EOY$8,927,929TotalAssetsEOYAmt
Total Liabilities BOY$3,281,329TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,752,238TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,520,269NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,175,691NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PRIMARY TAX-EXEMPT PURPOSE IS TO FURTHER HUMAN SCIENTIFIC AND ENGINEERING KNOWLEDGE IN A BROAD ARRAY OF AEROSPACE RELATED DISCIPLINES THROUGH INVESTIGATIONAL AND DEVELOPMENTAL RESEARCH; TO BUILD OHIO'S AEROSPACE ECONOMY THROUGH RESEARCH AND TECHNOLOGY, EDUCATION AND TRAINING, AND COLLABORATION AND INFORMATION EXCHANGE. TO FURTHER THE SCIENTIFIC AND ENGINEERING EDUCATION OF DOCTORAL LEVEL GRADUATE AND CONTINUING EDUCATION STUDENTS THROUGH AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO, AND TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH EDUCATION. TO SPONSOR, PROMOTE AND DISSEMINATE AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO; TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH RESEARCH; AND TO DEVELOP AEROSPACE RESEARCH AND GRADUATE EDUCATION RESOURCES IN OHIO.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,063,856ExpenseAmt
Grant$219,218GrantAmt
DescAEROSPACE RESEARCH WITH SPECIALIZED RESEARCH TEAMS IN THE AREAS OF COMPUTATIONAL MODELING, MATERIALS, STRUCTURES, VEHICLE HEALTH MONITORING AND SAFETY AND SPACE SCIENCE AND EXPLORATION TECHNOLOGIESDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$458,343ExpenseAmt
Grant$873GrantAmt
Revenue$254,491RevenueAmt
DescBUILDING AND MANAGING COLLABORATION, CONSORTIA AND PUBLIC-PRIVATE PARTNERSHIP (NEUTRAL, UNBIASED MANAGEMENT)Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,068,505ExpenseAmt
Grant$613,930GrantAmt
DescWORKFORCE DEVELOPMENT: INTERNSHIPS, SCHOLARSHIP, VISITING FACULTY, SHORT COURSES, EDUCATION OUTREACH, STUDENT AND FACULTY ENGAGEMENT WITH INDUSTRY AND FEDERAL LABSDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$2,827,606ExpenseAmt
Grant$949,786GrantAmt
Revenue$1,933RevenueAmt
DescECONOMIC BASED TECHNOLOGY DEVELOPMENT, TRANSFER AND COMMERCIALIZATION AND LEVERAGING AEROSPACE NETWORK (OHIO AEROSPACE INDUSTRY ASOCIATION) AND MAKING CONNECTIONS BETWEEN GOVERNMENT, INDUSTRY AND ACADEMIA.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,827,606TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$949,786TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$1,933TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$7,418,310TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document44IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee46EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHRISTOPHER HOCEVARPersonNm
Phone4409623000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line122800 CEDAR POINT ROADAddressLine1Txt
CityBROOKPARKCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44142ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MEREDITH BOND PHD
TRUSTEE0.00Yes (X)$0$0$0
LEE ANN COCHRAN
TRUSTEE0.00Yes (X)$0$0$0
WAYNE DENNY JR
CHAIRMAN0.00Yes (X)$0$0$0
ALI DHINOJWALA
TRUSTEE0.00Yes (X)$0$0$0
GAIL DOLMAN-SMITH
TRUSTEE0.00Yes (X)$0$0$0
JOHN M HORACK PHD
TRUSTEE0.00Yes (X)$0$0$0
DENNIS IRWIN PHD PE FNSPE
TRUSTEE0.00Yes (X)$0$0$0
DAVID KOONCE
TRUSTEE0.00Yes (X)$0$0$0
JOHN LELAND
TRUSTEE0.00Yes (X)$0$0$0
MICHAEL MCKAY
TRUSTEE0.00Yes (X)$0$0$0
GAUTAM PILLAY PHD
TRUSTEE0.00Yes (X)$0$0$0
ROBERT TANNER
TRUSTEE0.00Yes (X)$0$0$0
JOHN SANKOVIC
PRESIDENT & CEO40.00Yes (X)$340,072$0$14,623Yes (X)
CHRISTOPHER HOCEVAR
CHIEF FINANCIAL OFFICER40.00Yes (X)$148,278$0$19,281Yes (X)
MIKE PEARSALL
SECRETARY - AS OF 01/01/2340.00Yes (X)$0$0$0Yes (X)
SHERRI OBLANDER
SECRETARY - THROUGH 12/31/2340.00Yes (X)$79,596$0$8,124Yes (X)
ANDREW GYEKENYESI
ASSOCIATE CHIEF SCIENTIST40.00$216,092$0$34,270Yes (X)
MRITYUNJAY SINGH
CHIEF SCIENTIST40.00$211,924$0$32,798Yes (X)
CASIMIR SUCHYTA
PRINCIPAL SCIENTIST40.00$156,534$0$27,459Yes (X)
ANTHONY GILLESPIE
SR. PROGRAM MANAGER40.00$150,114$0$26,502Yes (X)
BOB DIRGO
SR. PROGRAM MANAGER40.00$151,048$0$19,350Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,453,658TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$182,407TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K13IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$240,764MembershipDuesAmt
Government Grants$7,423,754GovernmentGrantsAmt
All Other Contributions$18,250AllOtherContributionsAmt
Total Contributions$7,682,768TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescREGISTRATION FEESDesc
Business541900BusinessCd
Total Revenue Column$254,491TotalRevenueColumnAmt
Related Or Exempt Func Income$254,491RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$254,491TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,505TotalRevenueColumnAmt
Exclusion$39,505ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$351,891RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$351,891RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$351,891TotalRevenueColumnAmt
Exclusion$351,891ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescHOSTED WORKSHOPSDesc
Business541900BusinessCd
Total Revenue Column$1,933TotalRevenueColumnAmt
Related Or Exempt Func Income$1,933RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,933OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,330,588TotalRevenueColumnAmt
Related Or Exempt Func Income$256,424RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$391,396ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,228,673TotalAmt
Program Services$1,228,673ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$555,134TotalAmt
Program Services$555,134ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$381,551TotalAmt
Program Services$333,105ProgramServicesAmt
Management And General$48,446ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,993,597TotalAmt
Program Services$3,478,768ProgramServicesAmt
Management And General$514,829ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$299,759TotalAmt
Program Services$261,698ProgramServicesAmt
Management And General$38,061ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$491,139TotalAmt
Program Services$425,823ProgramServicesAmt
Management And General$65,316ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$307,630TotalAmt
Program Services$268,570ProgramServicesAmt
Management And General$39,060ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$54,335TotalAmt
Management And General$54,335ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$72,000TotalAmt
Management And General$72,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$57,278TotalAmt
Management And General$57,278ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$102,734TotalAmt
Program Services$16,636ProgramServicesAmt
Management And General$86,098ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$474,942TotalAmt
Program Services$149,433ProgramServicesAmt
Management And General$325,509ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$165,772TotalAmt
Program Services$156,073ProgramServicesAmt
Management And General$9,699ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$211,695TotalAmt
Program Services$200,535ProgramServicesAmt
Management And General$11,160ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,103TotalAmt
Management And General$4,103ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$280,840TotalAmt
Management And General$280,840ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
CONSULTANTS$404,783$299,250$105,533
SOFTWARE SUBSCRIPTIONS$112,233$44,612$67,621

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,198,198TotalAmt
Program Services$7,418,310ProgramServicesAmt
Management And General$1,779,888ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,770,032BOYAmt
EOY$954,962EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$535,786BOYAmt
EOY$356,457EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,464,458BOYAmt
EOY$1,325,311EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$116,881BOYAmt
EOY$81,793EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$6,153,331LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$113,926LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,779,342BOYAmt
EOY$6,039,405EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$135,099BOYAmt
EOY$170,001EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,801,598BOYAmt
EOY$8,927,929EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$841,124BOYAmt
EOY$856,102EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,847,079BOYAmt
EOY$1,428,288EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$135,099BOYAmt
EOY$170,001EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$458,027BOYAmt
EOY$297,847EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,281,329BOYAmt
EOY$2,752,238EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,766,345BOYAmt
EOY$2,579,067EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,753,924BOYAmt
EOY$3,596,624EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,520,269BOYAmt
EOY$6,175,691EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,801,598BOYAmt
EOY$8,927,929EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$867,610ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,523,032OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations8SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (8 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
CLEVELAND STATE UNIVERSITY
3409660562Yes (1)$28,000$0
UNIVERSITY OF AKRON
3460029242Yes (1)$85,002$0
CASE WESTERN RESERVE UNIVERSITY
3410189922Yes (1)$28,264$0
UNIVERSITY OF CINCINNATI
3160009892Yes (1)$65,938$0
THE OHIO STATE UNIVERSITY
3164015992Yes (1)$32,070$0
WRIGHT STATE UNIVERSITY
3107328312Yes (1)$4,487$0
UNIVERSITY OF DAYTON RESEARCH INSTITUTE
3105367152Yes (1)$11,000$0
OHIO UNIVERSITY
3164021132Yes (1)$31,500$0
FieldValueIRS element (for citing)
Supported Organizations Total8SupportedOrganizationsTotalCnt
Support Sum$286,261SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$72,000DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$72,000TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationSINCE ITS CREATION, IN PART, BY THE GOVERNOR OF STATE OF OHIO, THE OHIO AEROSPACE INSTITUTE (OAI) HAS EITHER RECEIVED OR SOUGHT TO RECEIVE OPERATING AND/OR CAPITAL FUNDS FROM THE STATE OF OHIO. IN THIS REGARD, OAI RETAINS THE SERVICES OF EXECUTIVE AGENCY LOBBYISTS AND LEGISLATIVE AGENTS TO PROVIDE LEGAL COUNSEL AND TO REPRESENT OAI IN FUNDING MEETINGS WITH THE STATE OF OHIO EXECUTIVE AND LEGISLATIVE OFFICIALS. ON OCCASION, OAI EXECUTIVE STAFF ATTENDS THESE MEETINGS AND PROVIDES BACKGROUND INFORMATION AS REQUESTED. IN ADDITION, THESE LOBBYISTS INTRODUCE OAI, ITS EXECUTIVE STAFF, AND ITS COLLABORATIVE PARTNERS TO KEY FEDERAL POLICYMAKERS IN THE PURSUIT OF FEDERAL POLICY AND FUNDING OPPORTUNITIES. SIMILARLY, OAI EXECUTIVE STAFF ATTENDS THESE MEETINGS AND PROVIDES BACKGROUND INFORMATION AS REQUESTED. TO ADVANCE THESE PRIORITIES, OAI REGULARLY UTILIZES E-MAIL AND OTHER MAILINGS TO GARNER VOLUNTARY SUPPORT FROM GOVERNMENT OFFICIALS AND THEIR STAFFS, AS WELL AS FROM OAI STAFF, MEMBERS AND COLLABORATIONS.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcYes (1)AgentTrusteeEtcInd
Beginning Balance$135,099BeginningBalanceAmt
Additions During Year$34,902AdditionsDuringYearAmt
Ending Balance$170,001EndingBalanceAmt
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,100,000OtherCostOrOtherBasisAmt
Depreciation$107,646DepreciationAmt
Book Value$5,992,354BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$53,331OtherCostOrOtherBasisAmt
Depreciation$6,280DepreciationAmt
Book Value$47,051BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,039,405TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 1B:THE INSTITUTE HOLDS FUNDS IN ONE SEPARATE BANK ACCOUNT AND ACTS AS FISCAL AGENT FOR TWO ORGANIZATIONS. AT THE CONCLUSION OF THE RELATIONSHIP, THE INSTITUTE WILL REMIT ALL REMAINING CASH TO THE ORGANIZATIONS.
PART X, LINE 2:THE INSTITUTE RECOGNIZES AND DISCLOSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GAAP. AS OF AND FOR THE YEAR ENDED JUNE 30, 2023, THE INSTITUTE DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (15 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
BALDWIN WALLACE UNIVERSITY
275 EASTLAND ROADBEREAOH44017340714629501(C)(3)$15,000$0OSGC SCHOLARSHIPS & FELLOWSHIPS
CEDARVILLE UNIVERSITY
251 NORTH MAIN STREETCEDARVILLEOH45314310536647501(C)(3)$17,000$0OSGC SCHOLARSHIPS & FELLOWSHIPS
CENTRAL STATE UNIVERSITY
1400 BRUSH ROW ROAD PO BOX 1004WILBERFORCEOH45384310675386501(C)(3)$13,000$0OSGC SCHOLARSHIPS & FELLOWSHIPS
CLEVELAND STATE UNIVERSITY
2121 EUCLID AVENUE UR 340CLEVELANDOH44115340966056501(C)(3)$28,000$0OSGC RESEARCH SUPPORT & SCHOLARSHIPS
KENT STATE UNIVERSITY
800 EAST SUMMIT STREETKENTOH44240316402079501(C)(3)$54,000$0OSGC SCHOLARSHIPS & INNOVATION GRANTS
MARIETTA COLLEGE
215 FIFTH STREETMARIETTAOH45750314379584501(C)(3)$7,500$0OSGC SCHOLARSHIPS & FELLOWSHIPS
MIAMI UNIVERSITY
650 EAST HIGH STREETOXFORDOH45056316402089501(C)(3)$27,500$0OSGC SCHOLARSHIPS & FELLOWSHIPS
OHIO NORTHERN UNIVERSITY
525 SOUTH MAIN STREETADAOH45810344429091501(C)(3)$26,300$0OSGC SCHOLARSHIPS & INTERNSHIPS
OHIO STATE UNIVERSITY THE
ARC 2300 WEST CASE ROADCOLUMBUSOH43235100161834501(C)(3)$28,500$0OSGC SCHOLARSHIPS, INTERNSHIPS & INNOVATION GRANTS
UNIVERSITY OF AKRON
302 EAST BUCHTEL AVENUEAKRONOH44325346002924501(C)(3)$56,500$0OSGC SCHOLARSHIPS & INNOVATION GRANTS
UNIVERSITY OF CINCINNATI
2850 CAMPUS WAYCINCINNATIOH45221316000989501(C)(3)$72,000$0OSGC SCHOLARSHIPS & INNOVATION GRANTS
UNIVERSITY OF DAYTON
300 COLLEGE PARKDAYTONOH45469310536715501(C)(3)$13,000$0OSGC SCHOLARSHIPS & FELLOWSHIPS
UNIVERSITY OF TOLEDO
2801 WEST BANCROFT STREETTOLEDOOH43606346401483501(C)(3)$11,000$0OSGC SCHOLARSHIPS & FELLOWSHIPS
WILBERFORCE UNIVERSITY
1055 NORTH BICKETT ROAD PO BOX 1001WILBERFORCEOH45384310604719501(C)(3)$13,000$0OSGC SCHOLARSHIPS & FELLOWSHIPS
YOUNGSTOWN STATE UNIVERSITY
1 UNIVERSITY PLAZAYOUNGSTOWNOH44555341011998501(C)(3)$28,000$0OSGC SCHOLARSHIPS & INNOVATION GRANTS
FieldValueIRS element (for citing)
Total501c3 Org15Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeVARIOUS SCHOLARSHIPSGrantTypeTxt
Recipient78RecipientCnt
Cash Grant$198,500CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationOAI UTILIZES CONTINUOUS TRACKING OF EXPENDITURES, COMPARISON OF BUDGETS TO TOTAL FUNDING. APPROVAL OF EXPENDITURES ARE OVERSEEN BY PROGRAM MANAGERS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgYes (1)CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN SANKOVIC
PRESIDENT & CEO$340,072$0$0$0$0$0$0$0$14,623$0$354,695$0$0$0
ANDREW GYEKENYESI
ASSOCIATE CHIEF SCIENTIST$216,092$0$0$0$0$0$0$0$34,270$0$250,362$0$0$0
MRITYUNJAY SINGH
CHIEF SCIENTIST$211,924$0$0$0$0$0$0$0$32,798$0$244,722$0$0$0
CASIMIR SUCHYTA
PRINCIPAL SCIENTIST$156,534$0$0$0$0$0$0$0$27,459$0$183,993$0$0$0
ANTHONY GILLESPIE
SR. PROGRAM MANAGER$150,114$0$0$0$0$0$0$0$26,502$0$176,616$0$0$0
BOB DIRGO
SR. PROGRAM MANAGER$151,048$0$0$0$0$0$0$0$19,350$0$170,398$0$0$0
CHRISTOPHER HOCEVAR
CHIEF FINANCIAL OFFICER$148,278$0$0$0$0$0$0$0$19,281$0$167,559$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 6FormAndLineReferenceDesc
ExplanationTHE PRESIDENT/CEO AND THE CHIEF OPERATING OFFICER HAVE THE OPPORTUNITY UNDER BONUS PLAN ADMINISTERED BY THE COMPENSATION COMMITTEE TO RECEIVE A BONUS BASED ON A FORMULA AS A PERCENTAGE OF OPERATING SURPLUS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1TO PROMOTE SUCH EDUCATION AND RESEARCH BY SECURING AND PROVIDING FUNDS AND OTHER ASSISTANCE TO COLLEGES AND UNIVERSITIES IN OHIO FOR DEVELOPING AND PROVIDING COURSES, CURRICULA, SEMINARS AND OTHER EDUCATIONAL PROGRAMS AND EDUCATIONAL MATERIALS IN AEROSPACE SCIENCE AND ENGINEERING. TO ADVANCE AEROSPACE-RELATED CAPABILITIES THROUGH UNIVERSITY/INDUSTRY/GOVERNMENT COLLABORATION; TO BE A CATALYST FOR BUILDING TEAMS AMONG UNIVERSITIES, INDUSTRY AND GOVERNMENT FOR THE PURPOSE OF ADAPTING AEROSPACE TECHNOLOGY TO COMMERCIAL APPLICATIONS. TO PROMOTE AND FURTHER THE TRANSFER OF AERONAUTICAL AND SPACE TECHNOLOGY BETWEEN THE UNITED STATES PUBLIC AND PRIVATE SECTORS; TO CONTRIBUTE TO THE DEVELOPMENT OF A STRONG AND COMPETITIVE U.S. WORKFORCE IN AEROSPACE RELATED DISCIPLINE AREAS THROUGH THE PROVISION AND PROMOTION OF EXPERIENTIAL LEARNING OPPORTUNITIES SUCH AS INTERNSHIPS AND COOPERATIVE EDUCATION EXPERIENCES IN A VARIETY OF SETTINGS; TO ENCOURAGE THE PARTICIPATION OF UNDERREPRESENTED MINORITIES, WOMEN, AND PERSONS WITH DISABILITIES IN AEROSPACE RELATED GRADUATE AND UNDERGRADUATE EDUCATION AND ACADEMIC RESEARCH, AND EXPERIENTIAL LEARNING OPPORTUNITIES, IN ORDER TO ENHANCE NATIONAL COMPETITIVENESS WITH A TALENT POOL THAT REFLECTS THE DIVERSITY OF SOCIETY AND TO ASSIST MEMBER INSTITUTIONS IN MEETING THEIR INDIVIDUAL AFFIRMATIVE ACTION/EQUAL OPPORTUNITY GOALS.
FORM 990, PART VI, SECTION A, LINE 2EVERY BOARD MEMBER IS A KEY EMPLOYEE OF A UNIVERSITY OR BUSINESS THAT THE INSTITUTE DOES BUSINESS WITH.
FORM 990, PART VI, SECTION A, LINE 6THE OHIO AEROSPACE INSTITUTE (OAI) IS A NONPROFIT CORPORATION WITH MEMBERS. AS DEFINED BY THE IRS, "MEMBER" MEANS ANY PERSON WHO, PURSUANT TO A PROVISION OF THE ORGANIZATION'S GOVERNING DOCUMENTS, OR APPLICABLE STATE LAW, HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. MEMBERS HAVE THE RIGHT TO ELECT OR APPOINT ONE OR MORE MEMBERS OF OAI'S GOVERNING BODY. THE FOLLOWING SECTION MORE FULLY DESCRIBES THE COMPOSITION, TERM LENGTHS, VOTING RIGHTS, AND DECISION-MAKING PROCEDURES OF THE OAI BOARD OF TRUSTEES: THERE SHALL BE UP TO TWENTY (20) TRUSTEES, CONSISTING OF SIX (6) TRUSTEES, EACH AFFILIATED WITH ONE OF TEN (10) SPECIFIED OHIO ACADEMIC INSTITUTIONS ("ACADEMIC TRUSTEES"); UP TO THREE (3) TRUSTEES WHO ARE NOT DIRECTLY AFFILIATED WITH ANY ORGANIZATION REPRESENTED BY THE ACADEMIC TRUSTEES, INDUSTRY TRUSTEES OR EX OFFICIO TRUSTEES ("INDEPENDENT TRUSTEES"); PLUS UP TO FIVE (5) EX OFFICIO TRUSTEES (HAVING FULL VOTING RIGHTS AT THEIR DISCRETION). AT ANY TIME ONLY SIX (6) ACADEMIC TRUSTEES SHALL SERVE, EACH FOR THREE (3) YEAR TERMS ON A ROTATING BASIS, AND UP TO SIX (6) INDUSTRY TRUSTEES; UP TO THREE (3) INDEPENDENT TRUSTEES; AND UP TO FIVE (5) EX OFFICIO TRUSTEES, CONSISTING OF ONE PERSON RECOMMENDED BY THE CHANCELLOR OF THE OHIO BOARD OF REGENTS; ONE PERSON RECOMMENDED BY THE DIRECTOR OF THE OHIO DEPARTMENT OF DEVELOPMENT; ONE PERSON RECOMMENDED BY THE NASA GLENN RESEARCH CENTER; AND, ONE PERSON RECOMMENDED BY THE UNITED STATES AIR FORCE RESEARCH LABORATORY. A QUORUM AT ANY MEETING OF THE BOARD OF TRUSTEES SHALL CONSIST OF AT LEAST TWO-THIRDS OF THE TRUSTEES THEN ELIGIBLE TO VOTE. BUSINESS SHALL BE DETERMINED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF THE TRUSTEES THEN IN ATTENDANCE AND ELIGIBLE TO VOTE. IN ADDITION, AN AFFIRMATIVE VOTE OF AT LEAST THREE-FORTHS OF THE TRUSTEES IN ATTENDANCE AND ELIGIBLE TO VOTE SHALL BE REQUIRED TO DISSOLVE THE CORPORATION, OR TO MODIFY THE NUMBER OR CLASSES OF TRUSTEES. THE TRUSTEES SHALL NOT RECEIVE SALARIES, FEES OR COMPENSATION FOR THEIR SERVICE AS TRUSTEES OR THEIR ATTENDANCE AT ANY MEETING OR COMMITTEE MEETING OF THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11BTHE OAI CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR COMPILING THE DATA REQUESTED BY THE TAX CONSULTANT TO PREPARE THE INITIAL DRAFT OF THE FORM 990. AFTER AN INTERNAL PROCESS OF REVIEWING THE DRAFT FOR ACCURACY AND COMPLETENESS, A DRAFT COPY IS MADE AVAILABLE FOR REVIEW TO EACH OF THE MEMBERS OF THE OAI AUDIT AND FINANCE COMMITTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE OAI HUMAN RESOURCE DEPARTMENT (HR) IS RESPONSIBLE FOR THE ELECTRONIC DISTRIBUTION, RETRIEVAL, STORAGE AND INITIAL FOLLOW-UP IN OBTAINING ANNUAL CONFLICT OF INTEREST FORMS FROM ALL OAI BOARD MEMBERS, STAFF AND VOLUNTEERS. TO FURTHER ENSURE COMPLIANCE WITH THE POLICY, HR PROVIDES THE OAI VP, FINANCE AND OPERATIONS, WITH A LIST OF DELINQUENT RESPONDENTS, IF ANY, FOR HIS REFERENCE AND ULTIMATE RESOLUTION.
FORM 990, PART VI, SECTION B, LINE 15THE OAI EMPLOYEE COMPENSATION REVIEW PROCESS IS TRANSPARENT, YET CONFIDENTIAL, AND WELL-DOCUMENTED IN THE OAI POLICY MANUAL. EACH YEAR THAT PROCESS ESTABLISHES THE RECOMMENDED RANGE OF SALARY ADJUSTMENTS FOR ALL OAI EMPLOYEES FOR THE NEXT FISCAL YEAR. IN TURN, THAT RANGE IS VETTED AMONG AND BETWEEN OAI SENIOR MANAGEMENT, PRESENTED TO THE OAI BOARD OF TRUSTEES, AND APPROVED WITHIN THE CONTEXT OF THE ANNUAL OAI OPERATING BUDGET FRAMEWORK. CHANGES IN COMPENSATION FOR ALL OAI STAFF ARE BASED UPON THE EMPLOYEE'S JOB PERFORMANCE AND DEPENDENT UPON THE UNDERLYING FINANCIAL CONDITION OF OAI. ALSO, SALARY INCREASES FOR INDIVIDUAL EMPLOYEES ARE BASED UPON MERIT; THERE ARE NO MANDATORY INCREASES DUE TO COST OF LIVING ADJUSTMENTS, LENGTH OF SERVICE, ETC. HR IS RESPONSIBLE FOR COORDINATING THE CONTINUING INTERNAL REVIEW OF ALL COMPENSATION BY MAKING CERTAIN THAT EACH JOB IS EVALUATED AND ASSIGNED A JOB GRADE AND SALARY RANGE. OAI HAS SEPARATE SALARY STRUCTURES FOR EXEMPT AND NON-EXEMPT CLASSIFICATIONS. ANNUALY, HR LEADS AND MONITORS THE COMPENSATION REVIEW PROCESS TO ENSURE THAT COMPENSATION IS NONDISCRIMINATORY, COMPETITIVE, AND IN COMPLIANCE WITH FEDERAL, STATE AND LOCAL REGULATIONS. CONSEQUENTLY, HR ROUTINELY CONDUCTS COMPENSATION SURVEYS AND/OR UPDATES PREVIOUS SURVEYS PREPARED BY OAI'S INDEPENDENT COMPENSATION CONSULTANTS. OAI'S CHIEF EXECUTIVE OFFICER REVIEWS THE PERFORMANCE OF SENIOR OFFICERS AND UTILIZES THE SURVEY RESULTS TO ASSIST IN DETERMINING THEIR SALARY ADJUSTMENTS. CONCURRENTLY, THE BOARD CHAIR WORKS IN CONCERT WITH HR TO RECOMMEND THE CEO'S COMPENSATION CHANGES. ALL OFFICER COMPENSATION CHANGES ARE SHARED WITH THE FULL BOARD AND APPROVED AS PART OF THE ANNUAL OPERATING BUDGET CYCLE.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE FOR ON-SITE INSPECTION AND REVIEW UPON REQUEST.
FORM 990, PART XI, LINE 9:FAIR MARKET VALUE ADJUSTMENT - PARALLAX ACQUISITION 1,523,032.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
GREAT LAKES BIOMIMICRY INC
22800 CEDAR POINT ROADBROOK PARKOH44142461868575CREATING THE CONDITIONS FOR INNOVATION INSPIRED BY NATURE.OH501(C)(3)LINE 7OHIO AEROSPACE INSTITUTEYes (1)
PARALLAX ADVANCED RESEARCH CORPORATION
4035 COLONEL GLENN HWY SUITE 200BEAVERCREEKOH45431161704454PROMOTING, ENCOURAGING, AND ASSISTING IN SCIENTIFIC RESEARCH AND DEVELOPMENTOH501(C)(3)LINE 100
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GREAT LAKES BIOMIMICRY INC
NSEE SUPPLEMENTAL INFORMATION
GREAT LAKES BIOMIMICRY INC
OSEE SUPPLEMENTAL INFORMATION
GREAT LAKES BIOMIMICRY INC
PSEE SUPPLEMENTAL INFORMATION
GREAT LAKES BIOMIMICRY INC
QSEE SUPPLEMENTAL INFORMATION

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE R, PART V, SECTION 2FormAndLineReferenceDesc
ExplanationOHIO AEROSPACE INSTITUTE AND GREAT LAKES BIOMIMICRY, INC. SHARE ALL OF THEIR PAID EMPLOYEES AS WELL AS SHARE THEIR FACILITIES, EQUIPMENT, AND OTHER ASSETS. EXPENSES ARE PAID AND REIMBURSED AMONGST THE ENTITIES THROUGHOUT THE YEAR.ExplanationTxt