U S SPACE WALK OF FAME FOUNDATION
Mission Statement
Our mission is two-fold, as our tagline indicates: “Preserving Achievement; Inspiring Innovation.” First, we honor those who built the American space program by preserving their artifacts, history and individual stories. Second, we use those stories and artifacts as a springboard to inspiring a new generation to innovate, invent, explore and discover through comprehensive and hands-on STEM/STEAM education. Our museum seeks to: -- Preserve and display equipment, documents, clothing, images and ephemera from the early days of the American space program; -- Spotlight the achievements, personalities and character traits of those who built the early space program; -- Tie the artifacts and achievements to a dynamic educational initiative (STEAM Space) that includes learning tools, books, digital content, and hands-on activities (via a new Makerspace and via classes & workshops) by focusing on the STEAM (Science, Technology, Engineering, Arts, & Math) disciplines for grades 3-12. -- Provide access and inspiration to a broad audience including under-served segments of the community; -- Tie the technological and scientific advances of the American space program to a selection of positive character traits via our proprietary SALT program, which emphasizes lessons in Strategic thinking, Administration, Leadership and Teamwork. -- Create opportunities for inter-generational mentoring based on educational interactions between those who developed the American space program or those currently working in it and those who will move it into the future. -- Partner with a variety of local and regional organizations that will allow us to enhance our ability to inspire and educate.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.7% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.4% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.9% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
31.5% | 28.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.7 mo | 9.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
33.9% | 1.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
55.2% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-39.1% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-31.2% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-21.9% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $187K | $228K | $412K | 75.7% | 7 |
| 2023 | $308K | $332K | $390K | 66.0% | 6 |
| 2022 | $334K | $434K | $415K | 66.6% | 6 |
| 2021 | $364K | $243K | N/A | — | 0 |
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