Airport Research And Development Foundation
- Assets
- $6.0m
- Revenue
- $48.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 52-1594261
Organization Overview
Airport Research And Development Foundation, operating under the name Ardf, is located in Alexandria, VA. The organization was established in 1989. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ardf is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ardf generated $48.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $45.8m during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO RECEIVE, ADMINISTER AND EXPEND FUNDS FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES IN CONNECTION WITH AIR TRAVEL AND TRANSPORTATION SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APP-BASED TRANSPORTATION (ABT) REFERS TO SO-CALLED "RIDE SHARE" COMPANIES SUCH AS UBER, SIDECAR, AND LYFT, AS WELL AS LIMOS AND APP-BASED TAXI SERVICES WHO PROVIDE ON-DEMAND TRANSPORTATION SERVICES TO INDIVIDUALS VIA A SMARTPHONE APP. ARDF'S ABT PROGRAM ALLOWS THE AIRPORT TO COLLECT THE REQUISITE GROUND TRANSPORTATION FEES, HAVE NECESSARY PERMITTING IN PLACE TO LIMIT LIABILITY AND ALLOW THEIR TRAVELERS TO FULLY LEVERAGE THE CONVENIENCE OF ABT. IN RETURN, BEGINNING IN 2016, ARDF COLLECTS ADMINISTRATIVE SERVICES FEES FROM THE AIRPORTS FOR THESE SERVICES, WHICH INCLUDE COLLECTING AND REMITTING ALL FEES ON THE AIRPORT'S BEHALF.
ASC PROJECT PROCESSES BACKGROUND CHECKS FOR AIRPORT AND AIRLINE EMPLOYEES IN CONJUNCTION WITH AVIATION SECURITY REGULATIONS. HIGH-SPEED, SECURE NETWORK FOR FINGERPRINT TRANSMISSIONS TO THE TSA. THE TSC IS THE LARGEST CIVILIAN CLEARINGHOUSE IN THE NATION, PROCESSING BOTH CRIMINAL HISTORY RECORD CHECKS AND NAME-BASED BACKGROUND VETTING REQUESTS FOR THE AVIATION COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter Morris Executive Vice President, Aaae Services | Officer | 20 | $341,558 |
Todd Hauptli President & CEO | OfficerTrustee | 5 | $302,196 |
Stephen Gironda Senior Vice President, Finance | Officer | 10 | $99,951 |
J Spencer Dickerson Jr Senior Executive Vice President, Global Operations | Officer | 2 | $59,154 |
Patrick Raker Senior Vp, Training And Technology Services | Officer | 2 | $16,845 |
Lawrence J Krauter Aae Aicp Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,746,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,746,857 |
| Total Program Service Revenue | $34,108,108 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,854,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,113,527 |
| Compensation of current officers, directors, key employees. | $312,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $31,482 |
| Other employee benefits | $27,521 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,909 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,140,907 |
| Advertising and promotion | $0 |
| Office expenses | $12,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,805 |
| Insurance | $2,847 |
| All other expenses | $6,555 |
| Total functional expenses | $45,810,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,200,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,783,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,984,070 |
| Accounts payable and accrued expenses | $4,573,008 |
| Grants payable | $0 |
| Deferred revenue | $1,302,320 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,768,120 |
| Total liabilities | $7,643,448 |
| Net assets without donor restrictions | -$1,659,378 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,984,070 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Airport Research And Development Foundation Alexandria, VA | $5,984,070 | $48,854,965 |
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $68,625,953 | $4,333,906 |
Foundation For Meat And Poultry Research And Education Washington, DC | $2,858,739 | $3,121,077 |
Silverlining Inc Washington, DC | $2,068,443 | $2,757,589 |
American Association For Anatomy Rockville, MD | $14,782,902 | $3,441,263 |
Aip Foundation College Park, MD | $932,385 | $1,213,393 |
Cave Research Foundation Inc Cave City, KY | $1,424,505 | $117,052 |
Association Of Sea Grant Program Institutions Raleigh, NC | $785,159 | $273,912 |
National Institute Of Aerospace Foundation Hampton, VA | $28,778 | $82,817 |
Abet Foundation Inc Baltimore, MD | $243,734 | $0 |