Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $535,500

• 1f · All other contributions, gifts and grants

  $273,068

• 1g · Noncash contributions included above

  $25,000

• 3 · Investment income

  total $760,583 · excluded $760,583

• 7a · Gross sales of assets other than inventory

  securities $2,567,363

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $2,567,363

• 7d · Net gain or loss

  total $2,567,363 · excluded $2,567,363

• 11a · Other revenue: Partnership income

  total $62,398 · unrelated business $24,810 · excluded $37,588

• 11e · Other revenue, total

  $62,398

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,433 · program services $20,433

• 5 · Compensation of officers, directors and key employees

  total $272,625 · program services $182,910 · management and general $70,193 · fundraising $19,522

• 7 · Other salaries and wages

  total $81,436 · program services $56,714 · management and general $18,421 · fundraising $6,301

• 8 · Pension plan contributions

  total $4,790 · program services $2,665 · management and general $1,906 · fundraising $219

• 9 · Other employee benefits

  total $17,119 · program services $9,525 · management and general $6,812 · fundraising $782

• 10 · Payroll taxes

  total $23,345 · program services $16,172 · management and general $5,386 · fundraising $1,787

• 11b · Fees: legal

  total $315 · program services $74 · management and general $241

• 11c · Fees: accounting

  total $57,663 · program services $13,522 · management and general $44,141

• 11f · Fees: investment management

  total $244,362 · program services $244,362

• 11g · Fees: other

  total $1,567,457 · program services $1,560,711 · management and general $6,746

• 12 · Advertising and promotion

  total $4,419 · fundraising $4,419

• 13 · Office expenses

  total $27,421 · program services $7,160 · management and general $13,455 · fundraising $6,806

• 17 · Travel

  total $63,060 · program services $20,506 · management and general $20,897 · fundraising $21,657

• 19 · Conferences, conventions and meetings

  total $4,474 · program services $4,474

• 23 · Insurance

  total $7,474 · management and general $7,474

• 24a · Other expenses: Cadet and faculty enric

  total $68,500 · program services $68,500

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,320 · end of year $218,197

• 2 · Savings and temporary cash investments

  beginning of year $1,360,610 · end of year $850,683

• 4 · Accounts receivable

  beginning of year $34,839 · end of year $31,472

• 9 · Prepaid expenses and deferred charges

  beginning of year $18,133 · end of year $18,438

• 10a · Land, buildings and equipment: cost or other basis

  $76,195

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $76,195

• 11 · Investments: publicly traded securities

  beginning of year $48,875,864 · end of year $54,987,495

• 12 · Investments: other securities

  beginning of year $344,422 · end of year $274,692

• 17 · Accounts payable and accrued expenses

  beginning of year $20,462 · end of year $31,080

• 27 · Net assets without donor restrictions

  beginning of year $12,536,948 · end of year $17,539,500

• 28 · Net assets with donor restrictions

  beginning of year $38,099,778 · end of year $38,886,592

The filer's explanations (Part III)

Part I, Line 3:

The Organization's chairman is compensated by International Education Foundation, a supporting organization of ARDI. See Schedule O response for Form 990, Part VI, Section B, Line 15a.