← AMERICAN INSTITUTE OF ARCHITECTS COLLEGE OF FELLOWS FUND INC

Form 990 for tax year 2023

Filed by AMERICAN INSTITUTE OF ARCHITECTS COLLEGE OF FELLOWS FUND INC.

Totals

Total revenue: $415,060
Total expenses: $393,752
Contributions and grants received: $144,038
Grants paid: $29,168
Program service revenue: $103,750
Investment income: $123,995
Other revenue: $43,277
Total assets, end of year: $3,396,537
Total liabilities, end of year: $8,804
Net assets or fund balances, end of year: $3,387,733
Program services expenses (Part IX): $170,582
Management and general expenses: $199,940
Fundraising expenses: $23,230
Program service expenses (Part III): $170,582

Program services were 43.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$144,038
2a · Program service revenue: AIA CONVOCATION DINNER

total $93,750 · related or exempt $93,750
2b · Program service revenue: BUSINESS LUNCHEON

total $10,000 · related or exempt $10,000
3 · Investment income

total $123,995 · excluded $123,995
8a · Fundraising events: gross income

$117,615
8b · Fundraising events: direct expenses

$75,733
8c · Net income from fundraising events

total $41,882 · excluded $41,882
10a · Gross sales of inventory

$4,971
10b · Cost of goods sold

$3,576
10c · Net income from sales of inventory

total $1,395 · excluded $1,395

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $29,168 · program services $29,168
11c · Fees: accounting

total $17,425 · management and general $17,425
11f · Fees: investment management

total $30,688 · management and general $30,688
11g · Fees: other

total $10,118 · management and general $10,118
13 · Office expenses

total $8,861 · program services $5,361 · management and general $3,454 · fundraising $46
17 · Travel

total $7,966 · program services $2,655 · management and general $5,311
19 · Conferences, conventions and meetings

total $249,811 · program services $101,722 · management and general $124,905 · fundraising $23,184
24a · Other expenses: SPECIAL EVENTS

total $31,676 · program services $31,676
24b · Other expenses: OTHER EXPENSES

total $8,039 · program services $0 · management and general $8,039

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $168,109 · end of year $75,100
4 · Accounts receivable

beginning of year $72,623 · end of year $57,127
8 · Inventories for sale or use

beginning of year $7,151 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $5,000 · end of year $5,071
11 · Investments: publicly traded securities

beginning of year $2,861,024 · end of year $3,259,239
17 · Accounts payable and accrued expenses

beginning of year $900 · end of year $0
25 · Other liabilities

beginning of year $51,116 · end of year $8,804
27 · Net assets without donor restrictions

beginning of year $3,061,891 · end of year $3,387,733

Mission and programs · 2023

Mission

TO ADMINISTER AND PROMOTE THE GROWTH OF THE COF FUND;TO ADMINISTER THE LATROBE FELLOW GRANT TO FURTHER THE PURPOSES OF THE AIA COLLEGE OF FELLOWS;TO UNDERTAKE PROGRAMS IN SUPPORT OF THE AIA;TO FURTHER ARCHITECTURAL EDUCATION;TO MENTOR THE YOUNG ARCHITECTS; ANDTO ESTABLISH A RAPPORT WITH ARCHITECTS OF OTHER NATIONS.

Activities or mission (Part I)

THE PURPOSE OF THE COLLEGE OF FELLOWS IS TO STIMULATE A SHARING OF INTEREST AMONG FELLOWS; TO PROMOTE THE PURPOSES OF THE INSTITUTE; TO ADVANCE THE PROFESSION OF ARCHITECTURE; TO MENTOR YOUNG ARCHITECTS; AND TO BE OF EVER-INCREASING SERVICE TO SOCIETY.

CONVENTION AND RECOGNITION: THE COLLEGE OF FELLOWS HOLDS EVENTS AT THE AIA'S ANNUAL CONVENTION TO PROMOTE THE PROFESSION OF ARCHITECTURE AS WELL AS ARCHITECTURAL EDUCATION. THE COLLEGE ALSO HOLDS INAUGURAL EVENTS, WHICH CELEBRATE OUTSTANDING ARCHITECTS AND SELLS PINS EXCLUSIVELY TO MEMBERS IN ORDER TO ENHANCE RECOGNITION OF THEIR ACCOMPLISHMENTS.

Expenses $141,414 · Revenue $103,750
YOUNG PROFESSIONALS: THE COLLEGE OF FELLOWS SUPPORTS YOUNG PROFESSIONALS BY PROVIDING GRANTS TO AIA COMPONENTS. THESE FUNDS AID IN THE DEVELOPMENT OF PROGRAMS WHICH FOSTER THE DEVELOPMENT OF YOUNG ARCHITECTS.

Expenses $18,750 · Grants $18,750
Withheld by Nonprofiteer: this text may name a private individual.

Expenses $10,418 · Grants $10,418

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

FRANCES HALSBAND FAIA

CHANCELLOR

Total calculated

$0

Hours/week

5
RONALD BLITCH FAIA

VICE CHANCELLOR

Total calculated

$0

Hours/week

5
KATHERINE SCHWENNSEN FAIA

SECRETARY

Total calculated

$0

Hours/week

5
JEANNE JACKSON FAIA

BURSAR

Total calculated

$0

Hours/week

5
MUZAFFARA CONFORTI

EXECUTIVE DIRECTOR, COF FUND

Total calculated

$155,952

From this org

$0

From related orgs

$106,516

Other

$49,436

Hours/week

15 + 27.5 related

Schedule J breakdown matched by us

Base

$0 + $100,591 related

Bonus

$0 + $5,750 related

Other

$0 + $175 related

Deferred

$0 + $8,583 related

Nontaxable benefits

$0 + $40,853 related

Filer's total

$0 + $155,952 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3: THE EXECUTIVE DIRECTOR IS ALSO AN EMPLOYEE OF THE AMERICAN INSTITUTE OF ARCHITECTS (AIA). AIA USES THE FOLLOWING FACTORS TO DETERMINE THE DIRECTOR'S COMPENSATION: -COMPENSATION COMMITTEE -COMPENSATION STUDY -INDEPENDENT COMPENSATION CONSULTANT -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
SCHEDULE J, PART II: THE COLLEGE'S EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE AMERICAN INSTITUTE OF ARCHITECTS (AIA), AN ORGANIZATION WITH A SIMILAR PURPOSE BUT NOT RELATED TO THE COLLEGE IN TERMS OF BOARD CONTROL. THE DIRECTOR WAS COMPENSATED BY AIA BOTH IN THEIR CAPACITY AS AN AIA EMPLOYEE AND AS AN OFFICER OF THE COLLEGE. AIA DOES NOT CHARGE THE COLLEGE FOR THEIR SERVICES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

AIA TEXAS SOCIETY OF ARCHITECTS

$5,500

PROGRAM SUPPORT

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 November 2024
IRS schema version: 2023v5.1
Source object: 202413189349308066

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