Form 990, Part VI, Section B, Line 11B
“Pt vi, line 11b: form 990 is reviewed by organization's management and board of directors before filing”
990 • Fiscal year 2019 • EIN 13-3554791
Scores are not available for this record yet.
Assets
Flat$203,504
Flat from 2019
Net Assets
Down-$245,395
Down $200,000 (-441%) from 2019
Liabilities
Up$448,899
Up $200,000 (+80%) from 2019
Revenue
Down$1,264,547
Down $100,000 (-7.3%) from 2019
Expenses
Up$1,632,909
Up $99,999 (+6.5%) from 2019
Net Income
Down-$368,362
Down $199,999 (-119%) from 2019
To promote open objectivism:the philosophy of reason,individualism, achievement, and freedom originated by ayn rand.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Loans From Officers Directors | $200,000 | $400,000 | ▲ $200,000 |
| Cash and Non-Interest-Bearing Accounts | $339,036 | $180,741 | ▼ $158,295 |
| Prepaid Expenses and Deferred Charges | $6,642 | $19,218 | ▲ $12,576 |
| Land, Buildings, and Equipment, Net | $2,069 | $3,545 | ▲ $1,476 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $-368,362 | ▼ $368,362 |
| Total Assets | $347,747 | $203,504 | ▼ $144,243 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $24,779 | $48,899 | ▲ $24,120 |
| Total Liabilities | $224,779 | $448,899 | ▲ $224,120 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $122,968 | $-245,395 | ▼ $368,363 |
| Total Liabilities and Net Assets / Fund Balance | $347,747 | $203,504 | ▼ $144,243 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $3,455 | $1,841 | $5,296 |
| Equipment | $90 | $1,545 | $1,635 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jennifer Grossman | Chief Executive Officer | FT | $165,000 | $165,000 |
| Carolyn Gino | Corp. Secretary & Chief Operations Officer | FT | $115,000 | $115,000 |
| David Kelley | Trustee | - | $20,000 | $20,000 |
| Name | Title |
|---|---|
| Jay Lapeyre | Chairman of the Board & Trustee |
| Frank Brooks | Treasurer & Trustee |
| Baron Bond | Trustee |
| Cliff Asness | Trustee |
| Dan Leever | Trustee |
| Jim Caruso | Trustee |
| John Aglialoro | Trustee |
| Peter Copses | Trustee |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,267,944 |
| Salaries, Compensation, and Employee Benefits | $364,965 |
| Total Fundraising Expense | $331,958 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $279,400 | $32,391 | $80,349 | $392,140 |
| Current Officers, Directors, Trustees, and Key Employees | $228,042 | $26,436 | $65,580 | $320,058 |
| Advertising | $87,593 | $10,155 | $25,190 | $122,938 |
| Fees for Services Other | $86,193 | $9,992 | $24,787 | $120,972 |
| Travel | $82,063 | $9,513 | $23,599 | $115,175 |
| Fees for Services Accounting | $41,445 | $4,805 | $11,919 | $58,169 |
| Office Expenses | $24,118 | $2,796 | $6,936 | $33,850 |
| Other Expenses | $21,895 | $2,538 | $6,297 | $30,730 |
| Payroll Taxes | $16,437 | $1,906 | $4,727 | $23,070 |
| Other Employee Benefits | $15,559 | $1,804 | $4,474 | $21,837 |
| All Other Expenses | $8,054 | $934 | $2,316 | $11,304 |
| Insurance | $3,998 | $464 | $1,150 | $5,612 |
| Occupancy | $1,343 | $156 | $386 | $1,885 |
| Depreciation Depletion | - | $1,555 | - | $1,555 |
| Fees for Services Legal | $361 | $42 | $104 | $507 |
| Total Functional Expenses | $1,165,574 | $135,377 | $331,958 | $1,632,909 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Fundraiser | $24,554 | $24,554 | - | $24,554 |
| Total Events | $24,554 | $24,554 | - | $24,554 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Chairman | Contribution | No | $200,000 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $200,000 | $400,000 | ▲ $200,000 |
“Pt vi, line 11b: form 990 is reviewed by organization's management and board of directors before filing”
“The organization monitors conflict of interest policy at every annual meeting of the board of directors where each member is required to disclose any potential conflicts, if any.”
“The organization's 990 is available to the public through guidestar. Governing documents, conflict of interest policy, and financial statements are available upon request from the organization's central office.”
“Under asc 740, the entity recognizes the financial statement effects of a tax position when it is more likely than not, based on the technical merits, that some level of tax benefit related to the position will be sustained upon examination if the taxpayer takes the dispute to the court of last resort. While the tax law and widely understood administrative practices of the tax authority are taken into account in assessing the recognition threshold, the possibility of negotiation with the tax authority is not considered.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 10184 |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 2538 |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 87844 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 84103 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 21895 |
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| IRS990/OtherRevenueTotalAmt | 0 | 23708 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 4727 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1906 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 16437 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 23070 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 6642 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 19218 |
| IRS990/PrincipalOfficerNm | 0 | JENNIFER GROSSMAN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1327173 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 937716 |
| IRS990/PYOtherRevenueAmt | 0 | 11995 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 110259 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 291193 |
| IRS990/PYTotalExpensesAmt | 0 | 1228909 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1339168 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -368362 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 23708 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | -368362 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1240839 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1309173 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1402476 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1135392 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 628586 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 5716466 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 5716466 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1240839 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1309173 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1402476 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1135392 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 628586 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 5716466 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 5716466 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 90 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 1545 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1635 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 3455 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 1841 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5296 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | UNDER ASC 740, THE ENTITY RECOGNIZES THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT SOME LEVEL OF TAX BENEFIT RELATED TO THE POSITION WILL BE SUSTAINED UPON EXAMINATION IF THE TAXPAYER TAKES THE DISPUTE TO THE COURT OF LAST RESORT. WHILE THE TAX LAW AND WIDELY UNDERSTOOD ADMINISTRATIVE PRACTICES OF THE TAX AUTHORITY ARE TAKEN INTO ACCOUNT IN ASSESSING THE RECOGNITION THRESHOLD, THE POSSIBILITY OF NEGOTIATION WITH THE TAX AUTHORITY IS NOT CONSIDERED. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3545 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | FUNDRAISER |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 24554 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 24554 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 24554 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 24554 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 24554 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 165000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JENNIFER GROSSMAN |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CHIEF EXECUTIVE OFFICER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 165000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SubstantiationRequiredInd | 0 | 1 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt | 0 | JAMES M LAPEYRE |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | CHAIRMAN |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | 0 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 200000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | CONTRIBUTION |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 400000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | FINANCE OPERATION |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 475000 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | JAMES LAPEYRE |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | CHAIRMAN OF BOARD |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 400000 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PT VI, LINE 11B: FORM 990 IS REVIEWED BY ORGANIZATION'S MANAGEMENT AND BOARD OF DIRECTORS BEFORE FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION MONITORS CONFLICT OF INTEREST POLICY AT EVERY ANNUAL MEETING OF THE BOARD OF DIRECTORS WHERE EACH MEMBER IS REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS, IF ANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION'S 990 IS AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S CENTRAL OFFICE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.