Nonprofit · EIN 45-0390485
UND AEROSPACE FOUNDATION
Tax-exempt · GRAND FORKS, ND 58202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $43,834,481 | $29,581,466 | $14,253,015 | $122,981,561 | $14,275,343 | $108,706,218 |
| June 30, 2024 | 990 | $37,291,388 | $25,607,905 | $11,683,483 | $109,612,902 | $15,129,692 | $94,483,210 |
| June 30, 2023 | 990 | $22,926,416 | $22,019,274 | $907,142 | $96,231,901 | $13,410,553 | $82,821,348 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,437,524
- Program service revenue
- $36,731,060
- Investment income
- $1,647,333
- Net rental income
- $544,386
- Net gain from sales of assets
- $34,738
- Net income from sales of inventory
- $236,604
- Other revenue
- $1,018,564
Expenses
- Grants and similar amounts paid
- $469,031
- Compensation of officers, directors and key employees
- $862,978
- Other salaries and wages
- $6,804,532
- Salaries, compensation and benefits (total)
- $9,200,504
- Professional fundraising fees
- $0
- Legal fees
- $33,995
- Accounting fees
- $60,260
- Occupancy
- $479,442
- Travel
- $286,610
- Depreciation
- $4,560,146
- Program services (functional)
- $26,621,985
- Management and general (functional)
- $2,799,217
- Fundraising (functional)
- $160,264
Balance sheet and other
- Total assets, start of year
- $109,612,902
- Total assets, end of year
- $122,981,561
- Total liabilities, end of year
- $14,275,343
- Net assets, end of year
- $108,706,218
- Land, buildings and equipment
- $68,835,463
- Net assets without donor restrictions
- $96,863,023
- Net assets with donor restrictions
- $11,843,195
- Gross unrelated business income
- $781,196
- Gross receipts
- $44,365,351
- Employees
- 262
- Volunteers
- 3
- Year formed
- 1985
- State of legal domicile
- ND
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Charles Pineo | Chief Executive Officer Officer | 40 | $382,050 | $0 | $71,044 |
| Dana Sande | Vice President of Business Highest-paid employee | 40 | $287,063 | $0 | $60,673 |
| Robert Kraus | President Officer | 5 | $0 | $289,214 | $58,112 |
| Cara Miller | Chief Financial Officer Officer | 40 | $226,076 | $0 | $53,470 |
| Rex Ginder | Associate Director of Phoenix Flight Operations Highest-paid employee | 40 | $140,101 | $0 | $46,334 |
| Chad Martin | Aircraft Sales & Project Manager Highest-paid employee | 40 | $131,904 | $0 | $47,425 |
| Larry Martin | Chair Trustee or director, Officer | 5 | $30,000 | $0 | $0 |
| David Williamson | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| James Bunke | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Karen Nyberg | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| John Odegard | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Richard McConn | Director Trustee or director | 1 | $13,500 | $0 | $0 |
| Charles Kluenker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Clay Lacy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Charles Ahearn | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Charles Pineo | Chief Executive Officer Officer | 40 | $359,268 | $0 | $67,716 |
| Robert Kraus | President Officer | 5 | $0 | $275,334 | $55,293 |
| Dana Sande | Vice President of Business Highest-paid employee | 40 | $269,944 | $0 | $57,723 |
| Cara Miller | Chief Financial Officer Officer | 40 | $210,809 | $0 | $50,824 |
| Rex GinderAssociated | Director of Phoenix Flight Operations Highest-paid employee | 40 | $128,323 | $0 | $43,041 |
| Chad Martin | Aircraft Sales & Project Manager Highest-paid employee | 40 | $126,176 | $0 | $38,655 |
| Larry Martin | Chair Trustee or director, Officer | 5 | $30,000 | $0 | $0 |
| David Williamson | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| James Bunke | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Karen Nyberg | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| John Odegard | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Charles Kluenker | Director Trustee or director | 1 | $10,500 | $0 | $0 |
| Dick McConn | Director Trustee or director | 1 | $0 | $0 | $0 |
| Clay Lacy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Charles Ahearn | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Charles Pineo | Chief Executive Officer Officer | 40 | $352,429 | $0 | $64,347 |
| Dana Sande | Vice President of Business Highest-paid employee | 40 | $262,306 | $0 | $55,155 |
| Robert Kraus | President Officer | 5 | $0 | $264,803 | $52,439 |
| Cara Miller | Chief Financial Officer Officer | 40 | $185,588 | $0 | $47,583 |
| Jason Smith | Training Manager Highest-paid employee | 40 | $141,372 | $0 | $23,126 |
| Rex Ginder | Associated Director of Flight Ops Highest-paid employee | 40 | $119,353 | $0 | $40,773 |
| Chad Martin | Aircraft Sales and Project Mgr Highest-paid employee | 40 | $122,015 | $0 | $37,285 |
| Michael Jansen | Program Director Highest-paid employee | 40 | $127,231 | $0 | $20,142 |
| Larry Martin | Chair Trustee or director, Officer | 5 | $30,000 | $0 | $0 |
| David Williamson | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| James Bunke | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Karen Nyberg | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| John Odegard | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Charles Kluenker | Director Trustee or director | 1 | $18,000 | $0 | $0 |
| Gary Maas through June | Director Trustee or director | 1 | $0 | $0 | $0 |
| Clay Lacy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Charles Ahearn | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4275 UNIVERSITY AVE, GRAND FORKS, ND 58202-6093
- Principal officer (990 for 2024)
- Charles Pineo, 4275 University Avenue, Grand Forks, ND 582029023
- Signed the 990
- Charles Pineo, CEO
- Phone
- (701) 777-4740
- Website
- www.undaerospace.com
- Return prepared by
- Eide Bailly LLP
Mission
To support the functions of, and to assist in carrying out the purposes of, the John D. Odegard School of Aerospace Sciences of the University of North Dakota.
Program accomplishments
- The UND Aerospace Foundation (The Foundation) is a North Dakota nonprofit organization organized to encourage and develop the University of North Dakota's (UND) John D. Odegard School of Aerospace Sciences. The Foundation's principal activities consist of developing and conducting training programs, research and development, and consulting services related to the aerospace industry. The Foundation's principal activities are in Grand Forks, ND, with a second flight training center located in Mesa, AZ. Aviation training - classroom, flight training, and support services delivered to pilot students at Grand Forks campus, with 13,669 flight training hours during the year.Expenses $7,806,544 · grants $469,031 · revenue $8,910,451
- Flight training center - flight training delivered to student pilots outside of the Grand Forks campus, primarily students enrolled in community college programs. Location is Mesa, Arizona with 69,758 flight hours during the year.Expenses $17,916,997 · revenue $27,344,340
- Aircraft and simulator rental - rental receipts for aircraft and simulators for use at Grand Forks campus for flight training, primarily for use with the undergraduate students enrolled at the University of North Dakota. Assets include aircraft and simulators.Expenses $3,832 · revenue $42,000
- Other programs include FAA testing center, software development, and aerospace merchandise sales.Expenses $894,612 · revenue $157,258
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0390485
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $122,981,561
- Income (IRS master file)
- $44,365,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $43,834,481 | $29,581,466 | $122,981,561 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $37,291,388 | $25,607,905 | $109,612,902 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $22,926,416 | $22,019,274 | $96,231,901 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $31,533,756 | $27,850,809 | $96,162,073 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0390485).
Questions about UND AEROSPACE FOUNDATION
- What is the EIN of UND AEROSPACE FOUNDATION?
- The employer identification number (EIN) of UND AEROSPACE FOUNDATION is 45-0390485.
- Is UND AEROSPACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to UND AEROSPACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UND AEROSPACE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UND AEROSPACE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UND AEROSPACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UND AEROSPACE FOUNDATION?
- The 990 for the year ended June 30, 2025 names Charles Pineo.
- Who are the officers and directors of UND AEROSPACE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 11 received compensation from the organization, the highest $382,050 (Charles Pineo, Chief Executive Officer).
- How much revenue does UND AEROSPACE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $43,834,481, expenses of $29,581,466 and total assets of $122,981,561 at year end.
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