The Academy Research And Development Institute
- Assets
- $40.3m
- Revenue
- $9.3m
- Investments
- $1.3m
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 01/1986
- Data as of
- 06/2022
- EIN
- 74-2378230
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Dana Montgomery Director/vp | OfficerTrustee | 40 | $115,819 |
Michael Erdle Chairman | OfficerTrustee | 20 | $0 |
Terry Erdle Vice Chairman | OfficerTrustee | 10 | $0 |
Rick Pyatt Director | Trustee | 5 | $0 |
Chris Miller Director | Trustee | 5 | $0 |
Bob Edmonds Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hisham A Khalek Lecturer | 6/29/21 | $140,850 |
Sci-aerospace Inc | 6/29/21 | $147,000 |
Hisham A Khalek Lecturer | 6/29/21 | $140,850 |
Peregrine Consulting | 6/29/21 | $144,000 |
Dr Sally Jf Baron Lecturer | 6/29/21 | $102,000 |
Peregrine Consulting | 6/29/21 | $144,000 |
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 |
| 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. | $133,599 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,958 |
| Payroll taxes | $25,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $209,695 |
| Fees for services: Other | $2,064,513 |
| Advertising and promotion | $2,592 |
| Office expenses | $42,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,598 |
| All other expenses | $4,056 |
| Total functional expenses | $2,710,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,722 |
| Savings and temporary cash investments | $2,699,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,348 |
| 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 | $20,621 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $36,025,070 |
| Investments—other securities | $1,321,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,306,897 |
| Accounts payable and accrued expenses | $17,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $746,307 |
| Total liabilities | $763,451 |
| Net assets without donor restrictions | $724,975 |
| Net assets with donor restrictions | $38,818,471 |
| 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 | $40,306,897 |
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 Organization | Amount |
|---|---|
International Education Foundation Inc Colorado Springs, CO PURPOSE: EDUCATIONAL ASSISTANCE AT USAFA | $120,499 |
Endowment Analysis
| Beg. Balance | $25,280,790 |
| Earnings | $10,744,279 |
| Ending Balance | $36,025,069 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |