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OHIO AEROSPACE INSTITUTE: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
OHIO AEROSPACE INSTITUTE (EIN 34-1621676)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-15
IRS object ID
201711359349305056
Schema version
2015v3.0
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)
Return2017-05-15T11:40:26-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

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 Begin2015-07-01TaxPeriodBeginDt

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)
PersonTONY H SMITH SRPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone4409623000PhoneNum
Signature2017-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKERRY R GUBICSPreparerPersonNm
PTINP01881026PTIN
Phone8002291099PhoneNum
Preparation2017-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMR JEFF ROLFPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line122800 CEDAR POINT ROADAddressLine1Txt
CityBROOKPARKCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44142ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,714,189GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OAI.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionOAI FURTHERS HUMAN KNOWLEDGE THROUGH AEROSPACE RESEARCH, TECHNOLOGY COLLABORATION, AND EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee71TotalEmployeeCnt
Total Volunteers17TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,863,259PYContributionsGrantsAmt
CY Contributions Grants$13,380,002CYContributionsGrantsAmt
PY Program Service Revenue$26,145PYProgramServiceRevenueAmt
CY Program Service Revenue$12,554CYProgramServiceRevenueAmt
PY Investment Income$1,135PYInvestmentIncomeAmt
CY Investment Income$604CYInvestmentIncomeAmt
PY Other Revenue$330,545PYOtherRevenueAmt
CY Other Revenue$321,029CYOtherRevenueAmt
PY Total Revenue$11,221,084PYTotalRevenueAmt
CY Total Revenue$13,714,189CYTotalRevenueAmt
PY Grants And Similar Paid$1,179,471PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,166,037CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$7,875,310PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,106,945CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,446,438PYOtherExpensesAmt
CY Other Expenses$4,700,058CYOtherExpensesAmt
PY Total Expenses$11,501,219PYTotalExpensesAmt
CY Total Expenses$13,973,040CYTotalExpensesAmt
PY Revenues Less Expenses-$280,135PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$258,851CYRevenuesLessExpensesAmt
Total Assets BOY$8,293,263TotalAssetsBOYAmt
Total Assets EOY$8,694,005TotalAssetsEOYAmt
Total Liabilities BOY$2,252,462TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,912,055TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,040,801NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,781,950NetAssetsOrFundBalancesEOYAmt
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. TO PROMOTE SUCH EDUCATION AND RESEAMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,505,521ExpenseAmt
Revenue$290RevenueAmt
DescPROVIDED FUNDING & HIRED RESEARCH ASSOCIATES TO PERFORM RESEARCHPROJECTS IDENTIFIED BY FEDERAL LABORATORIES, BY HOSTING 11 FACULTYFELLOWS AND 14 STUDENTS WITH NASA GRC.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,704,442ExpenseAmt
Grant$494,953GrantAmt
Revenue$12,264RevenueAmt
DescPROVIDED SUPPORT FOR COLLABORATIVE RESEARCH EFFORTS BY UNIVERSITY,FEDERAL AND INDUSTRY PARTICIPANTS AND FOR TECHNICAL CONFERENCES,BY HOSTING 9 DISTINGUISHED LECTURES AND SYMPOSIUMS ATTRACTING OVER 200 ATTENDANTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$671,084ExpenseAmt
Grant$671,084GrantAmt
DescAWARDED 64 FELLOWSHIPS, SCHOLARSHIPS TO GRADUATE STUDENTS AND TO FACULTY TO PURSUE RESEARCH AND EDUCATION IN THE AREAS OF SCIENCE AND MATHEMATICS. 20 SCHOLARSHIPS WERE AWARDED FOR STEM TRAINING AND RETENTION BRIDGE PROGRAMS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$420,625ExpenseAmt
DescPROVIDED SUPPORT FOR NASA NATIONAL SAFETY CENTER AND VARIOUS WORKSHOPS, SUPPORTED IEEE TECHNICAL ARTICLES FOR PUBLICATION.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$420,625TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$13,301,672TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document40IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee71EmployeeCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
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 Committees0MinutesOfCommitteesInd
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)
PersonMR TONY H SMITH SRPersonNm
Phone4409623000PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MICHAEL L HEIL
PRESIDENT40.00Yes (X)$188,430$0$9,298
ANN O HEYWARD
EXECUTIVE VICE PRESIDENT40.00Yes (X)$179,070$0$23,614
TONY H SMITH SR
VICE PRESIDENT40.00Yes (X)$175,735$0$23,480
ERIC J AMIS
TRUSTEE0.00$0$0$0Yes (X)
ROBERT BIANCO
TRUSTEE0.00$0$0$0Yes (X)
DONALD J CAMPBELL
TRUSTEE0.00$0$0$0Yes (X)
GARY CATES
TRUSTEE0.00$0$0$0Yes (X)
LEE ANN COCHRAN
TRUSTEE0.00$0$0$0Yes (X)
WAYNE V DENNY JR
TRUSTEE0.00$0$0$0Yes (X)
NEIL GARRIGAN
TRUSTEE0.00$0$0$0Yes (X)
AWATEF HAMED
TRUSTEE0.00$0$0$0Yes (X)
DENNIS IRWIN
TRUSTEE0.00$0$0$0Yes (X)
PAUL JACKSON
TRUSTEE0.00$0$0$0Yes (X)
JOHN LELAND
TRUSTEE0.00$0$0$0Yes (X)
LESTER MCFAWN
TRUSTEE0.00$0$0$0Yes (X)
SALVATORE J MIRAGLIA JR
TRUSTEE0.00$0$0$0Yes (X)
NAGI G NAGANATHAN
TRUSTEE0.00$0$0$0Yes (X)
RAMAN RAS
TRUSTEE0.00$0$0$0Yes (X)
HEIDI R RIES
TRUSTEE0.00$0$0$0Yes (X)
JANET WATKINS
TRUSTEE0.00$0$0$0Yes (X)
MRITYUNJAY SINGH
CHIEF SCIENTIST40.00$186,588$0$24,262Yes (X)
TSAN-HSING SHIH
PRINCIPAL SCIENTIST40.00$162,514$0$21,908Yes (X)
ANDREW GYEKENYESI
ASSOCIATE CHIEF SCIENTIST40.00$162,025$0$29,868Yes (X)
SREERAMESH KALLURI
PRINCIPAL SCIENTIST40.00$146,445$0$29,245Yes (X)
EUY-SIK SHIN
PRINCIPAL SCIENTIST40.00$144,956$0$29,185Yes (X)
JEFF ROLF
PRESIDENT-EFF 7.1.160.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,345,763TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$190,860TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K26IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonDONALD BAILEYPersonNm

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line12081 BAILIWICK LANEAddressLine1Txt
CityLAKESIDE MARBLEHEADCityNm
State AbbreviationOHStateAbbreviationCd
ZIP43440ZIPCd
FieldValueIRS element (for citing)
ServicesCONSULTANT, BUSINESS DEVELOPMENT AND INTServicesDesc
Compensation$100,918CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Membership Dues$629,388MembershipDuesAmt
Government Grants$12,476,813GovernmentGrantsAmt
All Other Contributions$273,801AllOtherContributionsAmt
Total Contributions$13,380,002TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescREGISTRATION FEESDesc
Business900099BusinessCd
Total Revenue Column$12,554TotalRevenueColumnAmt
Related Or Exempt Func Income$12,554RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$12,554TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$604TotalRevenueColumnAmt
Exclusion$604ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$253,325RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$253,325RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$253,325TotalRevenueColumnAmt
Exclusion$253,325ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
AIRTEC GERMANY SUPPORT541900$45,951$45,951
IP LICENSING541900$11,606$11,606
AIAA CCSDS CONFERENCE SPONSORSHIP541900$10,127$10,127

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$20TotalRevenueColumnAmt
Related Or Exempt Func Income$20RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$67,704OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,714,189TotalRevenueColumnAmt
Related Or Exempt Func Income$80,258RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$253,929ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$494,953TotalAmt
Program Services$494,953ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$671,084TotalAmt
Program Services$671,084ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$596,258TotalAmt
Program Services$136,580ProgramServicesAmt
Management And General$459,678ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,743,139TotalAmt
Program Services$5,742,553ProgramServicesAmt
Management And General$586ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$215,898TotalAmt
Program Services$215,876ProgramServicesAmt
Management And General$22ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,036,524TotalAmt
Program Services$1,036,418ProgramServicesAmt
Management And General$106ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$515,126TotalAmt
Program Services$515,073ProgramServicesAmt
Management And General$53ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$43,913TotalAmt
Program Services$41,791ProgramServicesAmt
Management And General$2,122ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$56,500TotalAmt
Program Services$56,494ProgramServicesAmt
Management And General$6ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$294,180TotalAmt
Program Services$180,612ProgramServicesAmt
Management And General$113,568ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$138,064TotalAmt
Program Services$138,050ProgramServicesAmt
Management And General$14ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$319,698TotalAmt
Program Services$295,000ProgramServicesAmt
Management And General$24,698ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$222,710TotalAmt
Program Services$199,429ProgramServicesAmt
Management And General$23,281ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$67,620TotalAmt
Program Services$67,613ProgramServicesAmt
Management And General$7ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$230,522TotalAmt
Program Services$230,498ProgramServicesAmt
Management And General$24ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUBCONTRACTS$2,859,021$2,859,021
CONSULTANTS$467,830$420,627$47,203

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,973,040TotalAmt
Program Services$13,301,672ProgramServicesAmt
Management And General$671,368ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$374,401BOYAmt
EOY$726,756EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$46,944BOYAmt
EOY$17,747EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,772,379BOYAmt
EOY$2,117,848EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$178,535BOYAmt
EOY$76,122EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,232,053LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,515,379LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,905,650BOYAmt
EOY$5,716,674EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$15,354BOYAmt
EOY$38,858EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,293,263BOYAmt
EOY$8,694,005EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,146,909BOYAmt
EOY$1,733,605EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,090,199BOYAmt
EOY$1,139,592EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$15,354BOYAmt
EOY$38,858EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,252,462BOYAmt
EOY$2,912,055EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$989,224BOYAmt
EOY$915,752EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,051,577BOYAmt
EOY$4,866,198EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,040,801BOYAmt
EOY$5,781,950EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,293,263BOYAmt
EOY$8,694,005EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$258,851ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
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 Organizations9SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (9 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
CLEVELAND STATE UNIVERSITY
3409660562Yes (1)$44,805$0
UNIVERSITY OF AKRON
3460029242Yes (1)$15,500$0
CASE WESTERN RESERVE UNIVERSITY
3410189922Yes (1)$11,000$0
UNIVERSITY OF TOLEDO
3464014832Yes (1)$9,446$0
UNIVERSITY OF CINCINNATI
3160009892Yes (1)$26,790$0
THE OHIO STATE UNIVERSITY
3164015992Yes (1)$56,697$0
WRIGHT STATE UNIVERSITY
3107328312Yes (1)$17,087$0
UNIVERSITY OF DAYTON
3105367152Yes (1)$11,500$0
OHIO UNIVERSITY
3164021132Yes (1)$12,000$0
FieldValueIRS element (for citing)
Supported Organizations Total9SupportedOrganizationsTotalCnt
Support Sum$204,825SupportSumAmt
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 MembersYes (1)MailingsMembersInd
Mailings Members$500MailingsMembersAmt
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$37,356DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$37,856TotalLobbyingExpendituresAmt
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 THE 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, ALIKE. 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$15,354BeginningBalanceAmt
Additions During Year$23,504AdditionsDuringYearAmt
Ending Balance$38,858EndingBalanceAmt
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,268,949OtherCostOrOtherBasisAmt
Depreciation$4,402,751DepreciationAmt
Book Value$4,866,198BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,061,577OtherCostOrOtherBasisAmt
Depreciation$265,980DepreciationAmt
Book Value$795,597BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$901,527OtherCostOrOtherBasisAmt
Depreciation$846,648DepreciationAmt
Book Value$54,879BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,716,674TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,714,189TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$13,714,189RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,714,189TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,973,040TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$13,973,040ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,973,040TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 1B:THE INSTITUTE HOLDS FUNDS IN BOTH COMMINGLED AND SEPARATE BANK ACCOUNTS 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, 2016, 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 (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
CLEVELAND STATE UNIVERSITY
2121 EUCLID AVENUECLEVELANDOH44120340966056$5,000OSGC CC-STARS STEM BRIDGE PROGRAM
CUYAHOGA COMMUNITY COLLEGE
11100 PLEASANT VALLEY ROADPARMAOH44130237320719$32,880OSGC CC-STARS STEM BRIDGE PROGRAM
OHIO STATE UNIVERSITY
2036 NEIL AVENUECOLUMBUSOH43210316401599$5,000OSGC RESEARCH SUPPORT
UNIVERSITY OF AKRON
302 BUCHTEL COMMONAKRONOH44325346002924$5,000OSGC RESEARCH SUPPORT
ISPACE INC
300 SCARLET OAKS DRIVECINCINNATIOH45241311767871$5,000OSGC RESEARCH SUPPORT
MIAMI UNIVERSITY
500 EAST HIGH STREETOXFORDOH45056316402089$5,435OSGC RESEARCH SUPPORT
WRIGHT STATE UNIVERSITY
3640 COLONEL GLENN HIGHWAYDAYTONOH45459310732831$5,000OSGC RESEARCH SUPPORT
KENT STATE UNIVERSITY
800 EAST SUMMIT STREETKENTOH44240316402079$11,128OSGC RESEARCH SUPPORT
OHIO NORTHERN UNIVERSITY
650 E HIGH STREETOXFORDOH45056344429091$18,074OSGC RESEARCH SUPPORT
OHIO UNIVERSITY
150 STOCKER CENTERATHENSOH45701316402113$5,000OSGC RESEARCH SUPPORT
WILBERFORCE UNIVERSITY
1055 NORTH BICKETT ROADWILBERFORCEOH45384310604719$5,000OSGC RESEARCH SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org11Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeVARIOUS SCHOLARSHIPSGrantTypeTxt
Recipient58RecipientCnt
Cash Grant$295,787CashGrantAmt

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 Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 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
MICHAEL L HEIL
PRESIDENT$188,430$0$0$0$0$0$7,537$0$1,761$0$197,728$0$0$0
ANN O HEYWARD
EXECUTIVE VICE PRESIDENT$179,070$0$0$0$0$0$7,163$0$16,451$0$202,684$0$0$0
TONY H SMITH SR
VICE PRESIDENT$175,735$0$0$0$0$0$7,029$0$16,451$0$199,215$0$0$0
MRITYUNJAY SINGH
CHIEF SCIENTIST$186,588$0$0$0$0$0$7,464$0$16,798$0$210,850$0$0$0
TSAN-HSING SHIH
PRINCIPAL SCIENTIST$162,514$0$0$0$0$0$6,501$0$15,407$0$184,422$0$0$0
ANDREW GYEKENYESI
ASSOCIATE CHIEF SCIENTIST$162,025$0$0$0$0$0$6,481$0$23,387$0$191,893$0$0$0
SREERAMESH KALLURI
PRINCIPAL SCIENTIST$146,445$0$0$0$0$0$5,858$0$23,387$0$175,690$0$0$0
EUY-SIK SHIN
PRINCIPAL SCIENTIST$144,956$0$0$0$0$0$5,798$0$23,387$0$174,141$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, QUESTION 1TO FURTHER THE SCIENTIFIC AND ENGINEERING EDUCATION OF K-12, UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION STUDENTS THROUGH AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS, COLLEGES AND UNIVERSITIES AND TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF, AND COOPERATION WITH, SUCH EDUCATION LOCALLY, REGIONALLY, AND NATIONALLY. TO SPONSOR, PROMOTE AND DISSEMINATE AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES; TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH RESEARCH; AND TO DEVELOP AEROSPACE RESEARCH, UNDERGRADUATE AND GRADUATE EDUCATION RESOURCES SUPPORTING THE NATIONS SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) WORKFORCE. TO PROMOTE SUCH EDUCATION AND RESEARCH BY SECURING AND PROVIDING FUNDS AND OTHER ASSISTANCE TO COLLEGES AND UNIVERSITIES 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 EXPERIMENTAL LEARNING OPPORTUNITIES SUCH AS INTERNSHIPS AND COOPERATIVE EDUCATION EXPERIENCES IN A VARIETY OF SETTINGS; TO ENCOURAGE THE PARTICIPATION OF UNDER-REPRESENTED MINORITIES, WOMEN, AND PERSONS WITH DISABILITIES IN STEM EDUCATION AT THE K-12 LEVEL, AND 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 A, LINE 8BTHERE ARE NO COMMITTEE MEETINGS.
FORM 990, PART VI, SECTION B, LINE 11THE OAI SENIOR DIRECTOR OF FINANCE LEADS THE ACCOUNTING AND FINANCE TEAM, WHICH IS RESPONSIBLE FOR COMPILING THE DATA REQUESTED BY THE TAX CONSULTANT TO PREPARE THE INITIAL DRAFT OF THE FORM 990. AFTER REVIEWING THE DRAFT FOR ACCURACY AND COMPLETENESS, THE DIRECTOR FORWARDS THE RETURN TO THE OAI VICE PRESIDENT, FINANCE AND OPERATIONS, FOR HIS REVIEW AND APPROVAL. THE VP PAYS PARTICULAR ATTENTION TO NEW FORM 990 QUESTIONS AND ALSO RE-CONFIRMS CONSISTENT DATA TREATMENT WITH RESPECT TO PRIOR YEAR REPORTING. ONCE SATISFIED, THE VP ALONG WITH THE DIRECTOR REVIEWS THE FORM 990 CONTENTS AND REPORTING CONVENTIONS WITH THE OAI CEO AND PRESIDENT. AFTER ADDRESSING THE CEO'S QUESTIONS, THE VP AND DIRECTOR PROVIDE EACH OF THE MEMBERS OF THE OAI AUDIT AND FINANCE COMMITTEE WITH A SIGNED COPY OF THE FORM 990 FOR THEIR REVIEW PRIOR TO FILING SAME 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.