The Academy Research and Development Institute

“Board members michael erdle and terry erdle have a family relationship.”

“Form 990 is reviewed by management and the board of directors prior to filing.”

“The governing body is required to review and sign an annual update to the conflict of interest policy affirming that each director has received, read, understands, and agrees to comply with the policy. On an ongoing basis, interested persons have a duty to disclose any actual or possible conflict of interest with respect to any proposed transaction or arrangement. The minutes of the governing board shall contain a record of proceedings with respect to any actual or possible conflicts of interests.”

“The ceo is compensated by international education foundation (inef), a supporting organization of ardi (see schedule r). The inef board reviews and approves compensation annually. Compensation for all other officers is paid by ardi and reviewed by the board annually. A voting member of the governing board who receives compensation, directly or indirectly, from the organization for services is precluded from voting on matters pertaining to that member's compensation. In determining compensation, criteria such as the nature of the position, employee contribution and sustained level of performance, employee education, abilities, and drive, financial condition of the employer, and comparisons with similar organizations are considered.”

“The organization's governing documents are made available to the public upon request. Financial information is made available via form 990.”

“Reportable compensation reflected on part vii, section a, line 1(e) is paid by international education foundation (inef), a supporting organization of ardi (see schedule r). 50% of the compensation reported is for services rendered to ardi and is treated as contribution income to ardi and grant expense by inef. The associated expense for ardi is reported on part ix, line 24a as contributed compensation.”

“Professors-usafa: program service expenses 1,382,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,382,820.”

“The organization has a committee that assumes responsibility for selection of the independent accountant and oversight of the annual financial statement audit. This process has not changed from prior years.”