UND Aerospace Foundation

GRAND FORKS, ND EIN: 45-0390485 Website

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$109.6M

+13.9% YoY

Annual Giving

$101K

-18.5% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$51K

-59.3% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$21M$31M$41M20202021202220232024
Metric202420232022
Total Assets$109,612,902$96,231,901$96,162,073
Revenue$37,291,388$22,926,416$31,533,756
Expenses$25,607,905$22,019,274$27,850,809
Qualifying Distributions
Net Investment Income$1,215,309$1,255,447$1,955,047
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$37K$74K$111K$148K2 grants20201 grants20211 grants20221 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

University of North Dakota$91KMuseum of Flight$10K

Grant Size Distribution

7 grants across all recorded years

2<$50K3$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does UND Aerospace Foundation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Charles PineoChief Executive Officer$359KDana SandeVice President of Business$270KCara MillerChief Financial Officer$211KRex GinderAssociatedDirector of Phoenix Flight O…$128KChad MartinAircraft Sales & Project Man…$126KLarry MartinChair$30KDavid WilliamsonDirector$18KJames BunkeDirector$18KKaren NybergDirector$18KJohn OdegardDirector$18KCharles KluenkerDirector$11K

From 2024 filing

NameTitleHoursCompensation
Charles PineoChief Executive Officer40$359,268
Dana SandeVice President of Business40$269,944
Robert KrausPresident5
Cara MillerChief Financial Officer40$210,809
Rex GinderAssociatedDirector of Phoenix Flight Operations40$128,323
Chad MartinAircraft Sales & Project Manager40$126,176
Larry MartinChair5$30,000
David WilliamsonDirector1$18,000
James BunkeDirector1$18,000
Karen NybergDirector1$18,000
John OdegardDirector1$18,000
Dick McConnDirector1
Charles KluenkerDirector1$10,500
Clay LacyDirector1
Charles AhearnDirector1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

2states

Cities

Grand ForksSeattle

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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