Civic Intelligence

Advertising Research Foundation Inc

EIN 13-0417765 • 501(c)6 • New York, NY

Profile

The principal mission is to improve the practice of advertising, marketing and media research in pursuit of more effective marketing and advertising communications.

Refreshing map…

432 Park Avenue SouthNew York, NY 10016

www.thearf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.54x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.45x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

37th percentile

0.8%

Higher net margin than 37% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

100th percentile

$550,896

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

$10M-$25M nonprofits • Source year 2024

Asset Growth

19th percentile

-2.7%

Faster asset growth than 19% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-5.3%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,822,392

Down $244,169 (-2.7%) from 2023

Liabilities

Down

$4,805,826

Down $438,721 (-8.4%) from 2023

Net Assets

Up

$4,016,566

Up $194,552 (+5.1%) from 2023

Revenue

Down

$10,589,011

Down $591,999 (-5.3%) from 2023

Expenses

Down

$10,507,125

Down $313,276 (-2.9%) from 2023

Net Income

Down

$81,886

Down $278,723 (-77%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $8,338,314Liabilities 2011: $5,475,193Net Assets 2011: $2,863,1212011Assets 2012: $8,464,137Liabilities 2012: $5,437,327Net Assets 2012: $3,026,8102012Assets 2013: $8,088,885Liabilities 2013: $5,411,670Net Assets 2013: $2,677,2152013Assets 2014: $5,989,664Liabilities 2014: $3,294,701Net Assets 2014: $2,694,9632014Assets 2015: $6,232,954Liabilities 2015: $3,042,430Net Assets 2015: $3,190,5242015Assets 2016: $4,976,675Liabilities 2016: $2,307,001Net Assets 2016: $2,669,6742016Assets 2017: $5,016,749Liabilities 2017: $2,377,112Net Assets 2017: $2,639,6372017Assets 2018: $4,216,629Liabilities 2018: $2,020,854Net Assets 2018: $2,195,7752018Assets 2019: $4,252,749Liabilities 2019: $2,039,696Net Assets 2019: $2,213,0532019Assets 2020: $4,794,102Liabilities 2020: $2,195,018Net Assets 2020: $2,599,0842020Assets 2021: $7,084,927Liabilities 2021: $4,154,962Net Assets 2021: $2,929,9652021Assets 2022: $8,985,759Liabilities 2022: $5,640,923Net Assets 2022: $3,344,8362022Assets 2023: $9,066,561Liabilities 2023: $5,244,547Net Assets 2023: $3,822,0142023Assets 2024: $8,822,392Liabilities 2024: $4,805,826Net Assets 2024: $4,016,5662024

Highlighted filing

2024

Assets$8,822,392
Liabilities$4,805,826
Net Assets$4,016,566

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $8,979,330Expenses 2011: $8,925,540Net Income 2011: $53,7902011Expenses 2012: $8,935,7392012Revenue 2013: $10,197,515Expenses 2013: $10,362,006Net Income 2013: -$164,4912013Revenue 2014: $9,998,839Expenses 2014: $10,010,844Net Income 2014: -$12,0052014Revenue 2015: $10,164,768Expenses 2015: $9,685,627Net Income 2015: $479,1412015Revenue 2016: $9,222,403Expenses 2016: $9,796,521Net Income 2016: -$574,1182016Revenue 2017: $8,665,264Expenses 2017: $8,721,661Net Income 2017: -$56,3972017Revenue 2018: $7,558,283Expenses 2018: $7,912,610Net Income 2018: -$354,3272018Revenue 2019: $7,745,961Expenses 2019: $7,826,264Net Income 2019: -$80,3032019Revenue 2020: $7,143,778Expenses 2020: $6,908,134Net Income 2020: $235,6442020Revenue 2021: $8,623,968Expenses 2021: $8,163,922Net Income 2021: $460,0462021Revenue 2022: $10,116,267Expenses 2022: $9,707,768Net Income 2022: $408,4992022Revenue 2023: $11,181,010Expenses 2023: $10,820,401Net Income 2023: $360,6092023Revenue 2024: $10,589,011Expenses 2024: $10,507,125Net Income 2024: $81,8862024

Highlighted filing

2024

Revenue$10,589,011
Expenses$10,507,125
Net Income$81,886

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.82$4.81$4.02$10.6$10.5$0.08
2023Detailed filing. Detailed filing data is available for this year.$9.07$5.24$3.82$11.2$10.8$0.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.99$5.64$3.34$10.1$9.71$0.41
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.08$4.15$2.93$8.62$8.16$0.46
2020Detailed filing. Detailed filing data is available for this year.$4.79$2.20$2.60$7.14$6.91$0.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$2.04$2.21$7.75$7.83$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.22$2.02$2.20$7.56$7.91$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$2.38$2.64$8.67$8.72$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$2.31$2.67$9.22$9.80$0.57
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$3.04$3.19$10.2$9.69$0.48
2014Detailed filing. Detailed filing data is available for this year.$5.99$3.29$2.69$10.00$10.0$0.01
2013Detailed filing. Detailed filing data is available for this year.$8.09$5.41$2.68$10.2$10.4$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$5.44$3.03$8.94
2011Summary only. Only limited summary data is available for this year.$8.34$5.48$2.86$8.98$8.93$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$12,291,693
Mission and Program Overview

Mission

The principal mission is to improve the practice of advertising, marketing and media research in pursuit of more effective marketing and advertising communications.

The arf's mission is to further, through research, the scientific practice of advertising and marketing. The arf is the preeminent professional organization focused on creating and championing unbiased high-quality research on advertising, marketing, and media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,007,859$3,255,663▲ $247,804
Savings and Temporary Cash Investments$1,298,599$1,173,517▼ $125,082
Cash and Non-Interest-Bearing Accounts$912,765$950,576▲ $37,811
Land, Buildings, and Equipment, Net$769,631$794,340▲ $24,709
Prepaid Expenses and Deferred Charges$528,861$641,349▲ $112,488
Accounts Receivable$583,831$419,968▼ $163,863
Total Assets$9,066,561$8,822,392▼ $244,169
Other Assets Total$1,965,015$1,586,979▼ $378,036
Liabilities
Deferred Revenue$2,556,458$3,039,340▲ $482,882
Accounts Payable and Accrued Expenses$1,240,428$864,083▼ $376,345
Other Liabilities$1,297,661$752,403▼ $545,258
Unsecured Notes Loans Payable$150,000$150,000→ $0
Total Liabilities$5,244,547$4,805,826▼ $438,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,822,014$4,016,566▲ $194,552
Total Net Assets Fund Balance$3,822,014$4,016,566▲ $194,552
Total Liabilities and Net Assets / Fund Balance$9,066,561$8,822,392▼ $244,169

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$698,969$869,906$1,568,875
Leasehold Improvements$95,371$619,952$715,323
Other Assets Org$665,430--
Other Securities$3,255,663--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott McdonaldBoard Member/pres & CEOFT$431,458$119,438$550,896
Paul DonatoChief Research OfficerFT$247,035$72,145$319,180
Michael HeitnerChief Growth OfficerFT$226,166$73,835$300,001
Elyssa RubinCFOFT$197,758$77,223$274,981
Rachael FeigenbaumSVP, Events Program ProducFT$178,050$55,615$233,665
Nikole TenbrinkVP, MarketingFT$165,117$48,833$213,950
Jay MattlinVP, ResearchFT$172,731$16,304$189,035
Gwen La FantasieVP, MembershipFT$132,035$49,764$181,799
Keith SmithManaging DirectorFT$155,000$6,305$161,305

Board Members and Trustees

NameTitle
Nishat MehtaBoard Member/chair (to 6/12/24)
Mark TrussBoard Member/vice Chair
Carl MelaBoard Member
Chris FosdickBoard Member
Christine TurnerBoard Member
Colleen Fahey RushBoard Member
Greg PharoBoard Member
Kirti SinghBoard Member
Neha BhargavaBoard Member
Nicole WhitlowBoard Member
Pete DoeBoard Member
Radha SubrmanyamBoard Member
Steven MillmanBoard Member
Andy SmithBoard Member (to 6/12/24)
Mary Ann PackoBoard Member (to 6/12/24)
Sean BruichBoard Member (to 8/15/24)
Abhilasha MehtaBoard Member/secretary
Bill LivekBoard Member/treasurer
Tim PerzykBoard Member/treasurer (to 6/12/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
432 Park South Realty Co LLCRent116 E 27TH STREET 3RD FLOOR, New York, NY 10016$571,482
Golden Square LLCMarketing Consultant73 BRICK SCHOOL RD, Warren, CT 06754$227,369
Bridge Builder LLCIt Consultant569 WASHINGTON STREET, Winchester, MA 01890$164,548
Marcum LLPHr And Accounting Support Services1899 L STREET NW SUITE 850, Washington, DC 20036$137,744
Precisionit GroupIt Services15 COURT SQUARE SUITE 1050, Boston, MA 02109$133,342
Revenue and Support

Revenue Composition

Contributions and Grants
$609,985
Program Service Revenue
$9,760,019
Investment Income
$136,961
Other Revenue
$82,046
Change in Net Assets
$81,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,286,997
Other Expenses$4,220,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,861,451
Current Officers, Directors, Trustees, and Key Employees---$1,364,037
Conferences and Meetings---$674,431
Other Employee Benefits---$625,260
Occupancy---$554,157
Payroll Taxes---$255,852
Pension Plan Contributions---$180,397
Depreciation Depletion---$164,927
Travel---$150,360
Fees for Services Legal---$59,217
Insurance---$46,073
Fees for Services Accounting---$41,067
Other Expenses---$38,774
All Other Expenses---$37,115
Interest---$4,212
Office Expenses---$3,268
Total Functional Expenses$0$0$0$10,507,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$752,403
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has three categories of membership; founder members, regular members and associate members, as outlined by the organization bylaws. Such information is available upon request.

Form 990, Part VI, Section A, Line 7A

Each member is permitted to designate one representative to participate and act on their behalf in connection with foundation matters and activities as outlined in the organization bylaws. Such information is available upon request.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an outside, independent accounting firm and reviewed by the cfo. A copy of the return is provided to the finance committee to review and make recommendations. All board members receive a final copy of the return prior to filing.

Form 990, Part VI, Section B, Line 12C

Every transaction entered into by the organization is reviewed for potential conflicts of interest. Management and members of the board are not aware of any conflicts of interest. The organization has updated its conflict of interest policy and requires annual certification from its board members and employees.

Form 990, Part VI, Section B, Line 15A

The ceo's salary is determined by an executive committee of the board and is based on a review of comparability data from similar organizations.

Form 990, Part VI, Section C, Line 18

The form 990 and the irs status letter are available to the public upon request and on guidestar.org.

Form 990, Part VI, Section C, Line 19

All of the governing documents, conflict of interest policy, and financial statements are available to the public upon request.

990, Part VI, Line 14

The organization is currently evaluating the implementation of a written document retention and destruction policy.

990, Part VII

No board members receive compensation for their service. Scott mcdonald received the compensation reported for his services as the organization's president and ceo.

Filing and Contact Details

Filer

Filer Name
Advertising Research Foundation Inc
EIN
13-0417765
Phone
2127515656
Address
432 PARK AVENUE SOUTH, NEW YORK, NY 10016

Signing Officer

Name
Elyssa Rubin
Title
CFO
Phone
2127515656
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Mcdonald
Formed
1936
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
14
Employees
53
Volunteers
14

Preparer

Firm
Withum Smith & Brown Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization's process for selection of an independent accountant and monitoring of the audit process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization has been recognized by the internal revenue service ("irs")as a not-for-profit corporation as described in section 501(c)(6) of the internal revenue code (irc) and is exempt from federal income taxes on related income pursuant to section 501(a) of the irc. The organization follows guidance issued by the fasb regarding accounting for uncertainty in income taxes. This guidance clarifies the accounting for income taxes by prescribing the minimum recognition threshold an income tax position is required to meet before being recognized in the financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more-likely-than-not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more-likely-than-not criteria, the benefit recorded in the financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. The income tax positions taken by the organization for any years open under the various statutes of limitations are (1) that the organization continues to be exempt from income taxes and (2) that the organization does not have unrelated business income that would be subject to income taxes. Management believes these tax positions meet the more-likely-than-not threshold and, accordingly, the tax benefits of these income tax positions (no income tax expense or liability) have been recognized for the years ended on or before december 31, 2024 and 2023. The organization believes that there are no tax positions taken or expected to be taken that would significantly increase or decrease unrecognized tax benefits within 12 months of the reporting date. None of the organization's federal or state information returns are currently under examination by the internal revenue service or state authorities.

Raw XML AppendixShowing 400 of 782 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ARF'S MISSION IS TO FURTHER, THROUGH RESEARCH, THE SCIENTIFIC PRACTICE OF ADVERTISING AND MARKETING. THE ARF IS THE PREEMINENT PROFESSIONAL ORGANIZATION FOCUSED ON CREATING AND CHAMPIONING UNBIASED HIGH-QUALITY RESEARCH ON ADVERTISING, MARKETING, AND MEDIA.
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IRS990/MissionDesc0THE ARF'S MISSION IS TO FURTHER, THROUGH RESEARCH, THE SCIENTIFIC PRACTICE OF ADVERTISING AND MARKETING. THE ARF IS THE PREEMINENT PROFESSIONAL ORGANIZATION FOCUSED ON CREATING AND CHAMPIONING UNBIASED HIGH-QUALITY RESEARCH ON ADVERTISING, MARKETING, AND MEDIA.
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