The Academy Research And Development Institute

Organization Overview

The Academy Research And Development Institute is located in Colorado Springs, CO. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Academy Research And Development Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Research And Development Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ARDI FORTIFIES ACADEMIC DISTINCTION AT THE USAFA THROUGH PERPETUALLY ENDOWED ACADEMIC CHAIRS.

Describe the Organization's Program Activity:

ARDI MANAGED ENDOWMENTS FUND PROFESSORS WHO ARE CHOSEN ANNUALLY BY THE DEAN OF FACULTY TO OCCUPY THE ENDOWED ACADEMIC CHAIRS. THESE DISTINGUISHED VISITING PROFESSORS BRING THEIR EXPERTISE AND UNIQUE REAL-WORLD PERSPECTIVE TO FACULTY MEMBERS AND CADETS ALIKE THAT ENHANCES THE ACADEMY'S HERITAGE OF ACADEMIC PREEMINENCE. OUR ACADEMIC CHAIRS PROVIDE THE GREATEST MINDS IN OUR COUNTRY WITH CHALLENGES AND INSIGHTS, EXPOSING THEM TO DIVERSE PERSPECTIVES AND IDEAS THAT ENRICH THEIR ALREADY WORLD-CLASS EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Dana Montgomery
Director/vp
$115,819
Michael Erdle
Chairman
$0
Terry Erdle
Vice Chairman
$0
Rick Pyatt
Director
$0
Bob Edmonds
Director
$0
Jack Catton
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hisham A Khalek
Lecturer
$140,850
Steven P Fulton
Lecturer
$137,700
Dr Sally Jf Baron
Lecturer
$102,000
Peregrine Consulting
$144,000
Sci-aerospace Inc
$147,000
Hisham A Khalek
Lecturer
$140,850
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$310,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$40,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$350,000
Total Program Service Revenue$0
Investment income $6,085,154
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,864,249
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,299,403

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Academy Research And Development Institute has recieved totaling $120,499.

Awarding OrganizationAmount
International Education Foundation Inc

Colorado Springs, CO

PURPOSE: EDUCATIONAL ASSISTANCE AT USAFA

$120,499
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$25,280,790
Earnings$10,744,279
Ending Balance$36,025,069

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